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Top 5 cryptocurrencies for online gambling in South Africa

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Top 5 cryptocurrencies for online gambling in South Africa

Top 5 cryptocurrencies for online gambling in South Africa

Fri Sep 09 2022 03:44:00 GMT+0000 (Coordinated Universal Time)

South Africa proves they are willing to welcome the age of digital tokens with open arms. The country ranked fifth among 18 countries actively using cryptocurrency in 2021. This is based on the research conducted by Statista Global Consumer Report, which surveys cryptocurrency used worldwide.


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Instead of just holding the tokens in their accounts, South African crypto owners use their crypto for day-to-day transactions, lifestyle activities, and online gambling. 

Why is crypto gambling popular in South Africa? 

The prospect of winning real money rewards is why crypto gambling is popular in South Africa. With the use of crypto, South African players can enjoy playing casino games without the risk of violating government-imposed regulations. 

Compared to traditional payment methods, crypto is less susceptible to fraudulent activities than bank transfers and credit cards. Crypto protects its users' identity by keeping their details anonymous and auditing transactions on a public ledger. 

Additionally, the absence of third-party processors also ensures that every transaction is between the player and the casino. Since crypto is decentralised, it functions outside of any central authority.

Top 5 cryptocurrency in South Africa


When it comes to cryptocurrency, Bitcoin always takes the top spot, even in online gambling. However, it is not the only token you can use for your games. Find out which is the best crypto for gambling in South Africa below: 

1. Bitcoin (BTC)


Let us start first with the most popular crypto, Bitcoin. Almost every online casino that accepts cryptocurrency accepts Bitcoin. Not only is it the first crypto, but it is also the most widely used cryptocurrency in South Africa

According to fintech company Tech Financials, Bitcoin takes up 56% of the crypto share in South Africa, which also makes it the most used crypto token for online gambling transactions. Its accessibility makes it easy for South African gamblers to purchase their BTC tokens and play Bitcoin games without a hitch. 

Another thing that makes Bitcoin popular among South African gamblers is the exclusive incentives that crypto casinos provide for Bitcoin users. Bitcasino, for one, rewards crypto gamblers with exciting bonuses through promotions and tournaments

Bitcoin betting offers an easy and secure gambling experience, making it the top choice for gamblers. 

2. Tether (USDT)


Compared to other cryptocurrencies with a volatile value, USDT is stable and has a value anchored to the US dollar. 

However, USDT is still different from traditional money since it’s secure, decentralised, and users are anonymous.

Another reason USDT is the top cryptocurrency in South Africa is that it’s easy to trade. The best part is that you don’t have to worry about intermediaries or hassle payment gateways. 

Additionally, Tether doesn’t charge hefty fees, allowing you to enjoy your games without worrying about expensive transaction fees. Deposit the amount of USDT you want into your Bitcasino account and enjoy playing Tether betting games.

3. Tron (TRX)


TRX is another popular option for crypto gambling in Africa. This token is the native coin of the Tron blockchain, which offers a faster and cheaper transaction fee than Bitcoin. No matter where you are, your deposits and bets can be processed in mere seconds with Tron. 

Like other cryptocurrencies, Tron is also decentralised, removing the need for intermediaries in your transaction and shortening its processing time.

Additionally, TRX consistently ranks high among the top cryptocurrencies in South Africa and other parts of the world, making it a stable investment for online gambling. You can also use TRX in betting at Bitcasino. Scan the QR code on your TRX wallet and deposit the amount you want to start betting with Tron.

4. Dogecoin (DOGE)

Everybody loves memes, and crypto users are no exception. Dogecoin surged into popularity in 2020 because of its comedic design and the endorsement of celebrity billionaire Elon Musk. 

Regarding volatility, DOGE has a somewhat stable value with little movement in terms of volatility, making it the perfect coin for low roller bets. It also has a fast and low-cost transaction, which makes it a more favourable choice for players like you. 

5. Ether (ETH)


Ether is the native coin of the Ethereum blockchain. It is the top altcoin and second only to Bitcasino in popularity. This coin has it all when it comes to innovation and security. 

Ether secures its place as a market-leading cryptocurrency with innovative trading through dApps and smart contracts. 

To make it even better, ETH is also accessible on almost every exchange platform, allowing you to purchase and deposit it regardless of your preferred wallet. 

Wagering at Bitcasino using ETH also comes with a rewarding cashback bonus. Make a deposit every Monday and win 10% cashback.


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How do I deposit crypto at Bitcasino in Africa?     

If you’re excited to play games with the cryptocurrencies mentioned above, you can start gambling online with crypto when you read our easy-to-follow guide below: 

Step 1: Select your cryptocurrency

First, select the crypto you want to purchase. However, keep in mind that some wallets limit their available tokens to the ones existing in their blockchain. For example, Metamask is limited to Ethereum and other ERC-20 tokens. 

If you want your wallet to be more inclusive, you can use Trust wallet or other alternatives that are not affiliated with a single blockchain. 

Step 2: Find a wallet 

Second, decide on your wallet. Make sure your wallet is a reputable crypto app or exchange like Metamask, Paxful and Binance

Step 3: Create a wallet 

Create your wallet by filling up and verifying the necessary details on your chosen app. Keep in mind that crypto wallets don’t ask for too much information. If it does, you need to look for another wallet since it might not be reputable.

Step 4: Buy your crypto

Once you have a wallet, you can purchase crypto in your wallet app or exchange platform. You can also do this step completely at Bitcasino by clicking the Deposit button to access our cashier. 

Step 5: Connect your wallet to Bitcasino

Sync your wallet to your Bitcasino account for fast and easy deposits. Start by clicking the Deposit button on the homepage and select the currency you want. 

Scroll down the Deposit tab and select the ‘ConnectWallet’ button to start linking. This step provides a QR code that you must scan with your wallet app to connect. Confirm the link and start your deposit. If you are using Metamask, you can follow the guide below to connect your wallet: 

Metamask connect wallet 

  • Start by clicking the ‘Deposit’ tab at the top right corner of the screen. 
  • Once the deposit drop-down is open, you can scroll down to the connect wallet option. 
  • Download the Metamask extension on your browser by clicking the ‘+’ button. 
  • Instantly connect your Metamask wallet by clicking the ‘link account’ option on the ‘Connect with Metamask’ page then click ‘next’. 
  • Sign the signature request tab that pops up on your screen by clicking the ‘sign’ button. 
  • Deposit in your account.

Step 6: Deposit your crypto

With your wallet connected to your Bitcasino account, select the coin and scan the QR code on the Deposit tab to instantly transfer your funds. You can also use the address provided below the QR to process your transaction. 

Step 7: Wait for Bitcasino to notify you

Bitcasino will inform you once the fund transfers to your account. If your transaction does not reflect on your account within the day, you can contact Bitcasino, and we’ll help you with your deposit immediately. Most transactions can take a couple of minutes to be processed. 

With these seven steps, your journey towards rewarding crypto gambling can begin. Make a deposit and play your favourite games at Bitcasino. 

What is the best platform to buy cryptocurrency in South Africa?

Buying crypto in South Africa can be fast and easy when you have a trustworthy exchange platform by your side. Below, find the best crypto exchanges in South Africa for your transactions:

Paxful 

Paxful is a global platform for peer-to-peer crypto transactions that offer over 350 ways to purchase your preferred tokens. The different options in Paxful make it easier to find a way to acquire crypto without hassle. 

Paxful is an even better option because you can buy Bitcoin with Paxful P2P method directly at Bitcasino. The perfect way to enjoy your games is just a click away with Paxful.

Binance 

Binance is one of the world's most popular cryptocurrency exchange platforms, and for a good reason. This platform makes purchasing your preferred tokens easier by offering a wide selection of crypto tokens. Moreover, Binance also allows you to buy crypto using fiat and other methods. 

The best part is that you can use your Binance wallet to deposit quickly in your Bitcasino account. Buy crypto using P2P on Binance and deposit it at Bitcasino today.


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Enjoy crypto gambling in South Africa at Bitcasino

From a wide selection of crypto games to fast deposits and withdrawals, you can enjoy the best crypto gambling here at Bitcasino. Find your favourite game in our category of over 4,000+ titles and deposit your preferred cryptocurrency to enjoy fabulous rewards exclusive to crypto users. Deposit today and change the way you play.

Frequently asked questions: Crypto gambling in South Africa

What cryptocurrencies can I deposit at Bitcasino? 

Bitcasino accepts the following cryptocurrencies: 

  • Bitcoin (BTC) 
  • Tron (TRX) 
  • Ethereum (ETH) 
  • Litecoin (LTC)
  • Tether (USDT)
  • Ripple (XRP)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Binance USD (BUSD)
  • Binance coin (BNB).

What fees do I have to pay for crypto transactions?

Bitcasino does not charge fees for fiat or crypto transactions. However, your bank payment services provider might charge you depending on their terms and services. 

Can I use any wallet for my Bitcasino transactions? 

Yes, you are free to use your preferred wallets at Bitcasino. However, we recommend Paxful, Metamask and Binance to make your deposits fast and easy. 

What are the options to buy crypto at Bitcasino? 

You can purchase your preferred crypto tokens using either of the following options at Bitcasino: 

  • Bitget
  • Metamask 
  • Binance
  • Paxful.

Words by: Ana Gabrielle A. Gundran 


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Top 5 cryptocurrencies for online gambling in South Africa