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Guide to Using Crypto in Slot Tournaments

Tournaments are great for building their online user base and getting the entire community of players involved.

The online crypto casino world has many ways to keep punters playing and ultimately winning. Online crypto sites offer promotions, tournaments, and specials to keep their users engaged and as a form of increasing their customer base.

What are Slot Tournaments?

In the cutthroat virtual casino industry, gambling platforms must continuously find innovative ways to keep users and draw new punters. Slot tournaments are an effective way of achieving this. It differs from traditional slot games because it relies on the competitive spirit between registered players. When playing regular slots, players are focused only on their own bets, odds, hit rate frequencies, and RTP rates.

By competing in tournaments, the more players take part, the more chance of rewards there is. Tournaments can range from casual to high-stakes and are designed to create a competitive atmosphere for registered gamblers, where earnings can be huge. Even if you don’t win, you could earn points, free spins, or credits to use in regular slots, making taking part fortuitous.

Top 5 Crypto Slot Tournament Sites

cryptoslots casino

111% Crypto Bonus. Coupon Code: WELCOME1

  • Crypto-friendly site
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BTC

18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply

justbit

45% Cashback + 30 Free Spins.

  • The site welcomes UK players
  • Some big jackpots available to win
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Hot

18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply

bitstarz casino

100% up to 1 BTC Bonus + 180 Free Spins

  • eGaming award winner
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BTC

18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply

betchain casino

225% up to 2 BTC/€1200 Bonus + 200 Free Spins

  • 24hr customer service
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18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply

kingbit

Deposit and get 2 BTC Welcome Bonus and 2 BTC Reload Bonus

  • Live dealer games
  • 24hr customer service
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18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply

How do Leaderboards in Tournaments work?

These are the most common challenges in cryptocurrency casino tournaments. Players are ranked by their earnings in eligible games, the number of points received for their playing activities, or sometimes you are scored on the amount wagered. If you have wagered the maximum amount, the chances are that you will occupy the top spot on the leaderboard.

Rules of the tournaments vary from one casino to the next, but one thing remains consistent: the top dog who takes the lead will walk away with the biggest bone!

Crypto Casinos that are focused on cryptocurrencies as deposit methods generally only require you to have a valid email address and a cryptocurrency wallet. Here are a few steps you need to follow before joining online crypto slot tournaments if you prefer using cryptocurrency to standard payment methods like Paypal or your Credit Card.

How to play with Cryptocurrencies in Tournaments

step 1

Finding the right crypto wallet

Finding the right crypto wallet is essential for keeping your digital assets safe. There are a plethora of options out there, but do your homework to find a reputable and secure wallet provider. A crypto wallet is a software program that stores your cryptocurrency keys safely and allows you to transact with them. Popular choices include Jaxx, Luno, or Mycelium.

Finding the right crypto wallet is essential for keeping your digital assets safe. There are a plethora of options out there, but do your homework to find a reputable and secure wallet provider. A crypto wallet is a software program that stores your cryptocurrency keys safely and allows you to transact with them. Popular choices include Jaxx, Luno, or Mycelium.

step 1
step 2

Buy Digital Coins

Buy digital coins on a cryptocurrency exchange platform like Coinbase, eToro, or Bittrex, or make use of a broker. Platforms, in general, are user-friendly, and if you are buying small amounts of cryptocurrency, it may not be necessary to go through a broker.

Start off with buying Bitcoin, as most other digital coins are linked to Bitcoin and, to date, have proved to be the most influential of all altcoins. You will need to sign up and create an account at one of the exchange platforms to buy digital coins. You will then be able to transfer them to your crypto wallet for safekeeping by using your own unique wallet address to move your assets.

Buy digital coins on a cryptocurrency exchange platform like Coinbase, eToro, or Bittrex, or make use of a broker. Platforms, in general, are user-friendly, and if you are buying small amounts of cryptocurrency, it may not be necessary to go through a broker.

Start off with buying Bitcoin, as most other digital coins are linked to Bitcoin and, to date, have proved to be the most influential of all altcoins. You will need to sign up and create an account at one of the exchange platforms to buy digital coins. You will then be able to transfer them to your crypto wallet for safekeeping by using your own unique wallet address to move your assets.

step 2
step 3

Sign up and register at the online casino

Sign up and register at the online casino of your choice if you do not already have an existing account. With a casino account opened, your crypto wallet loaded with funds, go to the cashier section and find the options for using cryptocurrency to deposit.

Select the cryptocurrency that you would like to use, and the site operator will provide you with a unique wallet address to which the deposit must be made. You will now be able to transfer the funds to your casino account.

Sign up and register at the online casino of your choice if you do not already have an existing account. With a casino account opened, your crypto wallet loaded with funds, go to the cashier section and find the options for using cryptocurrency to deposit.

Select the cryptocurrency that you would like to use, and the site operator will provide you with a unique wallet address to which the deposit must be made. You will now be able to transfer the funds to your casino account.

step 3
step 4

Read the T&Cs

It is always advisable to read through the terms and conditions of the site you register with, including the rules of the tournaments you want to partake in.

It is always advisable to read through the terms and conditions of the site you register with, including the rules of the tournaments you want to partake in.

step 4
step 5

Choose the Game you want to play in

Go to the Tournaments section on the menu and choose the slot game you want to play to enter the tournament. Now spin away and keep your fingers crossed. In tournaments, you will rarely go home empty-handed.

Go to the Tournaments section on the menu and choose the slot game you want to play to enter the tournament. Now spin away and keep your fingers crossed. In tournaments, you will rarely go home empty-handed.

step 5
step 6

Manage your Bankroll

Always keep in mind that cryptocurrency values do not equate to the fiat currency used by the site. Make sure that you calculate stake values in advance to manage your bankroll while playing.

Always keep in mind that cryptocurrency values do not equate to the fiat currency used by the site. Make sure that you calculate stake values in advance to manage your bankroll while playing.

step 6
step 7

Collect your Prize

Withdrawing your winnings is as easy as making the initial deposit to your casino account. Just hit the request button in the cashier section and enter the amount that you wish to withdraw, as well as the type of digital coin you want to transfer.

The site operator will request your unique wallet address, to which the funds must be transferred. Once you have entered your wallet address, the transaction will be processed, and whilst the transaction itself is instantaneous, the funds may take up to 48 hours to reflect back in your crypto wallet.

This time frame depends wholly on the individual site’s specific terms and conditions, so take the time to read through them, so that you are aware of when to expect your winnings.

Withdrawing your winnings is as easy as making the initial deposit to your casino account. Just hit the request button in the cashier section and enter the amount that you wish to withdraw, as well as the type of digital coin you want to transfer.

The site operator will request your unique wallet address, to which the funds must be transferred. Once you have entered your wallet address, the transaction will be processed, and whilst the transaction itself is instantaneous, the funds may take up to 48 hours to reflect back in your crypto wallet.

This time frame depends wholly on the individual site’s specific terms and conditions, so take the time to read through them, so that you are aware of when to expect your winnings.

step 7

The legalities of cryptocurrencies and online gambling

Making sure that you are using a reputable and licensed online casino site is the first important step to take before spinning away from your funds. You will generally be able to find the casino’s license or registration number at the bottom of their site page.

While many countries still do not allow gambling in any form, playing online allows you to do so legally if the site is registered in a country where gambling is legal and regulated. The advantage of using cryptocurrency-friendly sites is that their platform is built on blockchain technology, which ensures provably fair play and transparency.

Blockchain also ensures a user’s anonymity, so you will ‌play legally and privately, with no need to disclose your winnings to tax authorities, least of all your significant other!

Instead of playing on slots by yourself, the casino will select a number of slots that punters all play. They make the playing field even by using a specified number of starting credits. The player with the biggest win amount is the winner.

All participants in the tournament start on an even keel. As the player progresses in rank or winnings, they are added to the leaderboard. The player with the highest win overall is the tournament winner.

Yes, you do. Wallets are what hold your chosen crypto, and each currency needs its own wallet. You also need your wallet address to make a deposit or make a withdrawal.

No, not all casinos accept cryptocurrency as a payment method. If you would like to participate in a tournament and pay with crypto, you would need to find a casino that does both.

Yes, as long as gambling and the use of cryptocurrencies are legal where you live. Always check your country or state of residence tax, cryptocurrency, and gambling laws.

CG

Chris Grand

Hi everyone, I’m a huge slots fan. I’ve been spinning for over a decade and have plenty of experience when it comes to slot machines. My other passion is writing, and I combine the two to give you clean and transparent guides and reviews that I hope you find helpful.