The updated list of crypto casinos in the Philippines
Advantages and Disadvantages of Crypto Payments
The main advantage of crypto payments is their ability to facilitate fast, secure, and low-cost transactions across borders without relying on traditional banking systems. This decentralized nature reduces the risk of fraud and provides greater privacy. Additionally, cryptocurrencies often have lower transaction fees compared to credit cards or bank transfers, especially for international transactions. However, crypto payments also have a disadvantage: to be able to use the withdrawn funds, you have to exchange them to fiat currencies to be able to use them to buy things because crypto payments aren’t widespread.
Pros and cons of crypto payments
Advantages
- No bank involvement
- Enhanced privacy for players
- Faster processing times during high-traffic periods
- No need for bank approval or credit checks
- No geographical restrictions for international players
Disadvantages
- High volatility can impact winnings
- Limited acceptance by some online casinos
- Irreversible transactions if mistakes are made
- Requires knowledge of cryptocurrency management
- Can’t be used in shops
Top-3 Best Crypto Casinos
IceCasino
For those who want to deposit crypto in this casino, the minimum deposit is 250 ₱. Minimum withdrawal is the same. This casino has a rich welcome bonus of 75 000 ₱ and 270 Free Spins, so you will have a lot of opportunities to try out its games. At the same time, you should know that wagering requirements are high.
Advantages
- More than 6 000 slots
- 24/7 support
- 47 tables for roulette
Disadvantages
- High wagering requirements
- Apps are hard to find
Melbet
This is one of the top crypto casinos that accepts more than 20 payment methods with a minimum deposit of 25 PHP. However, the minimum deposit for cryptocurrency is a bit higher – 40 ₱. Deposits are fast and secure, and require no fees. Minimum withdrawal for crypto is 80 ₱ (while in general minimum withdrawal is 60.51 ₱).
Advantages
- Many payment methods
- More than 8 000 slots
- 273 tables for blackjack
Disadvantages
- No 24/7 support
- iOS app isn’t easy to install (to do it, you have to change your country to Egypt, India, Vietnam or Mongolia)
- High wagering requirements for the welcome bonus
BK8
This is one of the online crypto casinos that has a relatively small number of payment methods – just 7. At the same time, the minimum deposit is rather high – 200 ₱. What we know about crypto payments in this casino is that withdrawal is 300 ₱ – it’s equal to the general withdrawal limit of this casino.
Advantages
- More than 2 000 slots
- 24/7 support
- Relatively low wagering requirements
Disadvantages
- Few payment methods
- Few tables in live casino
- High minimum deposit and withdrawal
How is a Casino Considered the Best?
Given the wide range of crypto casinos, we’ve categorized them based on their standout features:
💵 Lowest Minimum Deposit: If you want to explore different gambling sites without risking much, we suggest checking out these options: 20Bet (50 ₱), 22Bet (40 ₱), Melbet (25 ₱).
🎰 Wide Variety of Slots: For those who love the simplicity of slots, the best options are Ice Casino (6176 slots), 20Bet (7121 slots), Melbet (8873 slots).
🔴⚫ Roulette Tables: If betting on black and red is your game, these Filipino casinos offer the richest selection of roulette tables: 20Bet (115 tables), 22Bet (148 tables), Melbet (147 tables).
🃏 Abundance of Blackjack: Card game enthusiasts, particularly fans of blackjack in casinos, should try their luck at these platforms: 20Bet (396 tables), Ivibet (327 tables), 1x (315 tables).
💳 Diverse Payment Methods: Beyond cryptocurrency, we’ve also considered the overall variety of payment methods. The best selections are found at these casinos: 1x (20 payment methods), 20Bet (24 payment methods), Melbet (21 payment methods).
Comparison of Cryptocurrency and Alternative Payment Methods in Crypto Casinos
Now let’s compare cryptocurrencies with some traditional payment methods Filipino casinos offer.
| Payment method | Features | Casinos |
|---|---|---|
| Cryptocurrency | Anonymity, comparatively high deposit and withdrawal limits, unstable exchange rate | Ice Casino, Bitstarz, Melbet |
| Visa/Mastercard | Simplicity, full disclosure, low deposit and withdrawal limits | Bitstarz, Ivibet, 20Bet |
| GCash | E-wallet, Low anonymity level, Gsave feature | 20Bet, Melbet, Megapari |
| Perfect Money | E-wallet, high anonymity level, multicurrency | Megapari, 1x, BetWinner |
| PayMaya | E-wallet, low anonymity level, virtual and physical cards | Ivibet, BetWInner, 1x |
Is it Safe to Pay with Cryptocurrency in Casinos?
Paying with cryptocurrency in casinos can be safe, provided you choose a reputable and licensed casino with positive reviews. The security of cryptocurrency transactions is generally strong due to blockchain technology, but it’s important to use a secure wallet and connection to protect your funds. While cryptocurrencies offer enhanced privacy, this also means that reversing transactions or resolving disputes can be more challenging, so it’s crucial to ensure the casino operates legally in your jurisdiction and complies with relevant regulations.
Editorial Opinion
For Filipino players, cryptocurrency is an easy and fast payment method, minimum deposit for which starts at 40 ₱. This payment method is also secure, but it requires special attention: you can’t reverse a crypto transaction, so you should check all the info before you make payment. This payment method can also be used to make withdrawals, the minimum withdrawal amount is 80 ₱. In conclusion, if you don’t mind facing some difficulties in transitioning crypto money in fiat to buy stuff, this payment method should be great for you.
Frequently Asked Questions
What is the minimum deposit to use crypto in online casinos?
The minimum deposit varies between casinos, it begins with 40 ₱ on Melbet and reaches 250 ₱ on Ice Casino.
Is it safe to make deposits in crypto?
Yes, making deposits in crypto is safe if you use a reputable currency and a secure wallet. In 2024, the most stable ones are Bitcoin, Etherium and Tether.
