The Complete Guide: Best Cryptocurrency to use and gamble in Arab Online Casinos
- 1 The Complete Guide: Best Cryptocurrency to use and gamble in Arab Online Casinos
- 1.1 Why use cryptocurrencies to play in Arabian casinos?
- 1.2 List of the best cryptocurrencies to use in the Arabic casinos
- 1.3 How to buy cryptocurrencies for Online Gambling?
- 1.4 What are the best crypto-casinos to play from North Africa?
- 1.5 How to use cryptocurrency
- 1.6 Advantages and disadvantages of cryptocurrency
- 1.7 FAQs - Cryptocurrencies and casinos in the Maghreb
Cryptocurrency is a real revolution in the online casino industry.
More and more platforms are using it, and some crypto-casinos even refuse conventional currency.
But what is the best crypto option for players from Arab countries?
In this article, I give you my Top 3 of the best cryptos for the casinos in North Africa and the instructions on how to use them.
Why use cryptocurrencies to play in Arabian casinos?
The vast majority of Arabian casinos do not accept online gambling for cultural and religious reasons.
Arab banks follow state guidelines and have the ability to block money transfers if they come from casinos.
This is where cryptocurrency comes in.
For gambling enthusiasts in the Maghreb, the only way to indulge in their leisure is to use a VPN to play on legal sites based abroad.
Using cryptocurrency for deposits and transfers helps maintain anonymity when the player needs to collect their winnings.
List of the best cryptocurrencies to use in the Arabic casinos
In 10 years, the cryptocurrency revolution has been very fast. In 2021, there were more than 5,000 different tokens in the world!
But only the most stable cryptos are used by casinos for payouts.
Here is a list of the most common tokens. In my opinion, the first three are the best and most stable for Arabic casinos:
1 – BITCOIN (BTC)
It is the best known of the cryptocurrencies, and its rise has been meteoric, up to $69,000 per Token.
Subsequently, its descent was very rapid, but Bitcoin remains one of the most widely used cryptos. It is accepted by all crypto-casinos.
2 – LITECOIN (LTC)
It is the most used token after Bitcoin and it is the sixth largest cryptocurrency currently on the market.
LiteCoin LTC is also one of the most used cryptos in online casinos.
3 – ETHEREUM (ETC)
Ethereum is one of the top three favorite cryptos for online gamers.
Stable and widespread, most crypto casinos in North Africa offer payments in Ethereum.
4 – DASH (DASH)
Created in 2014, Dash is less known than its competitors like Bitcoin, but it has proven its resistance over time, and it has a good reputation. It is not very common in online casinos though.
5 – MONERO (XMR)
Monero is an interesting challenger that has gained a lot of popularity in recent years. Its encryption software offers great anonymity, and many online casinos are starting to offer it as a payment option.
6 – RIPPLE (XRP)
Ripple has a good reputation for stability. Its financial exchange protocols are used by many large companies and banks, in particular for its reliability and low cost.
7 – TETHER (USDT)
Tether is a stablecoin whose value is backed by the US dollar and loans to affiliated companies.
Its use was even higher than that of Bitcoin for a while. Tether is widely used in casinos, but it has a tough reputation in banking circles.
8 – LIBRA (LIBRA)
Libra is a cryptocurrency project initiated by the Facebook group.
Initially supported by around 30 large companies and NGOs, the Facebook group has pledged to endorse each Libra on standard currencies or government securities to ensure its stability.
How to buy cryptocurrencies for Online Gambling?
Cryptocurrency is purchased online, on crypto currency purchase platforms.
Here too, the Maghreb player has the choice between many reliable and secure sites:
You must first obtain a virtual wallet or Wallet: an account on which your crypto will be stored. Then, this Wallet can be filled with the Token of your choice.
Be sure to choose sites that guarantee your anonymity: the possession and use of crypto-currencies is still prohibited in some Arab countries such as Tunisia.
Some online casinos also offer to buy cryptocurrency directly on the site.
This purchase can be made by an electronic wallet to remain completely anonymous.
You can store your token into cold or hot wallets for your safety
What are the best crypto-casinos to play from North Africa?
Not all online casinos accept cryptocurrency. In order to play safely and anonymously from North Africa
here is a list of reliable casinos
How to use cryptocurrency
Once you have your wallet and your cryptos, everything is very simple.
Here's how transactions work in a few steps:
1 - Choose your online casino.
You can search for a site or use one of the reliable casinos from our list to open an account. All the casinos in our selection accept cryptocurrency.
2 - Go to the “Payments” section of your personal account.
3 - Select the cryptocurrency to use: Bitcoin, LiteCoin, Ethereum or other, and make it your default payment method.
4 - The casino will provide you with a personalized email address for transactions.
5 - In your virtual wallet, copy/paste this email address and send the email.
6 - Choose the amount of crypto you want to place in your casino account.
Of course, you don't have to put your entire wallet. Confirm your choice. Funds are transferred quickly, within seconds most of the time.
7 - Now you are set! And you can start playing anonymously at your online casino.
For withdrawals, simply go to the "cashier" part of the casino and repeat the reverse steps to collect your winnings.
Advantages and disadvantages of cryptocurrency
Using the crypto token to gamble online in the Maghreb has advantages and disadvantages:
- Security: Cryptocurrency is money that is secured using state-of-the-art blockchain technologies. It is very difficult to hack crypto accounts, and most of the problems come from user negligence.
- Anonymity: this is the number one argument for playing with crypto in Arabic online casinos. Once the cryptos are purchased, neither the bank nor anyone else can know what you are using it for. No personal information is requested.
- The speed of transactions: deposits and withdrawals in crypto currencies are done at very high speed. No need to wait 3 to 5 days for transfer authorization: transactions only take a few seconds!
- Volatility: Cryptocurrency exchange rates move very quickly, and within a few hours a gain can quickly gain 20 or 30% more!
- The novelty: everyone hears about crypto-currencies, but few players are really used to using it. Taking out your bank card is much easier.
Therefore, there's a learning curve to play online in crypto the first few times.
- Fees: Payment in crypto is not free of fees, but they are much lower than standard credit card transfers.
- Volatility: and yes, it is an advantage and a disadvantage, because if a Token can increase in value quickly, it can also lose it. For beginners, we recommend playing with the most stable cryptocurrencies.
Is cryptocurrency safe to play at Arabic casinos?
If cryptocurrency is used so much in North Africa, it is because it is perfectly reliable.
The crypto token allows great discretion for all financial exchanges on an online platform and anonymity is possible at every stage of the transaction.
With most cryptocurrencies, you won't even need to leave your name or country of origin and your personal information won't be stored at the online casino.
Arab players are not the only ones choosing crypto for payments, in every country in the world there are players who prefer to play discreetly.
FAQs - Cryptocurrencies and casinos in the Maghreb
The best crypto currencies are Bitcoin, Litecoin and Ethereum. You will find them in the vast majority of online casinos.
In North African countries, online casinos are often frowned upon. Cryptocurrency makes it possible to pay completely anonymously to avoid banking bans.
The most common solution with cryptocurrency is the electronic wallet. They are very easy to use and many brands are available: Neteller, Skrill, Ecopayz, MuchBetter, PaySafeCard, etc.
All crypto purchases are done online. Just go to a sales site like Binance or eToro.
These are documents to be sent to the casino when registering to prove that you are of legal gambling age and that you are the owner of the bank account used.used.