What to look for when choosing a crypto exchange
When choosing a crypto exchange, the main things to look for are functionality and security measures. Your exchange of choice should have most, if not all, of the features you expect to use, be it fiat-to-currency trade pairings, liquidity aggregation, or specific altcoins and stablecoins you want to trade. It should also provide additional lines of defense, such as two-factor authentication and Bitcoin locks, which help against hackers.
Ease of use is another factor to consider and is especially important for newer traders who may struggle to use platforms with a less intuitive user interface. Nonetheless, advanced traders can also benefit from greater usability.
It’s also important to consider geography. Not all exchanges are available in the USA, some only operate in certain states.
5. Earn Interest on Your Bitcoin
A few crypto exchanges allow you to earn interest on your cryptocurrency holdings. Gemini Earn, for example, is a lending program in which you lend your crypto to institutional borrowers and can earn up to 7.4% APY. BlockFi has a similar offering, BlockFi Interest Account, which accrues interest up to 7.5%. Lending your crypto out to these institutions can add even more risk on top of the built-in risk of cryptocurrency, so make sure you read the terms carefully before you sign up and don’t lend more than you can afford to lose.
You can also earn interest by staking on some crypto exchanges, like Binance.US. Staking means leaving cryptocurrency in your wallet to earn rewards or interest. By doing so you help maintain the blockchain network. You can usually only stake certain coins within an exchange, which may require buying into more risky altcoins to reap the benefits.
Interest you earn on your crypto as well as earnings from staking are both taxable, and your responsibility to report as income. If you choose to participate, you’ll need to track the cost basis of your earnings throughout the year to include on your tax return.
4. Cloudbet - Best for Its Crypto Variety
- Crypto betting with over 10 currencies
- Many bonuses, including a six-digit giveaway
- Great-looking, modern website
Cloudbet is an excellent choice for players who like to play casino games using varied cryptocurrencies. Their website is very well-developed, offering a lot of information on the payment methods and easy-to-browse casino games and categories.
They started out in 2013, and have earned their reputation over the years. They also offer an important security feature for Bitcoin payments, which is 'cold storage'. This means the deposits are safely held, while the 'hot wallet' is used for day-to-day withdrawals.
While others offer a more significant number of games, Cloudbet has a great selection from many developers covering all the classic games such as slots, baccarat, roulette, and more.
Their promotions are great, too, including up to 5 BTC welcome bonuses, daily free spins, and a loyalty program. But perhaps the best one is the yearly giveaway. This six-digit giveaway is a tournament where you accumulate points by playing particular games. As you go up the rankings, you win better prizes.
Crypto.com - $10
Crypto.com offers a range of offerings for new users, including coin discounts and rebate options. And it also has a nice crypto bonus offer for new account holders. New users can receive a $10 sign-up bonus when they stake in 1,000 CRO as first stake.
Open an account with Crypto.com >>>
KuCoin - Up to $500
You can open a KuCoin account and get up to $500 in USDT when you open an new account as as new customer. You do need to complete KYC and AML, as well as make your first deposit to quality.
Read our full KuCoin review here.
Open an account here >>
Best Crypto Bonus Offers
Ideally, you’ll want to sign up for a platform that meets your needs while also rewarding you for signing up. Let’s take a closer look at the best crypto bonus offers on the market today.
Our top crypto play isn't a token - Here’s why
We’ve found one company that’s positioned itself perfectly as a long-term picks-and-shovels solution for the broader crypto market — Bitcoin, Dogecoin, and all the others. In fact, you've probably used this company's technology in the past few days, even if you've never had an account or even heard of the company before. That's how prevalent it's become.
Sign up today for Stock Advisor and get access to our exclusive report where you can get the full scoop on this company and its upside as a long-term investment. Learn more and get started today with a special new member discount. Get started
Robinhood - Free Stock
The Robinhood platform is best known as a way to invest in stocks. But the platform allows users to purchase a few crypto coins too. As with stocks, cryptocurrencies trade commission-free on Robinhood.
Although there's a limited selection of cryptocurrencies, the company has announced plans to continue expanding its offerings. When you open a Robinhood account, you'll receive one share of free share of stock (not cryptocurrency). The value of the share could be $3 to $225 but there's a 98% chance that it will be below $10.
Although you won’t get any free crypto with Robinhood, it might still be a worthwhile bonus to consider. Create your Robinhood account here >>> 
2. Credit Cards
A cryptocurrency credit card works similarly to other rewards credit cards, but instead of earning cash back or points with every swipe, you’ll get cryptocurrency. While we love simple cash back rewards (and you can always buy crypto with your cash back earnings), these cards can help you more seamlessly pad your crypto portfolio.
Gemini and other exchanges have announced plans for cryptocurrency rewards credit cards, along with fintech companies like BlockFi and Upgrade. The rewards categories on these cards are similar to many traditional cash back credit cards. BlockFi Credit Card, for example, earns a flat 1.5% back in Bitcoin on every purchase you make, after earning 3.5% back for the first 90 days after account opening.
In addition to varying rewards rates, each of these cards offer different redemption values. The Gemini card will let you choose which crypto to redeem rewards in, while BlockFi earns Bitcoin rewards, and others limit your rewards to only certain altcoins.
As with any credit card, the rewards you earn with these cards are only valuable if you avoid their high interest rates. If you use a card to earn crypto rewards, make sure you charge only what you can afford to pay off in full and on time each month, without carrying a debt balance.
How do crypto exchanges work
The way crypto exchanges work depends on their type of platform. Most crypto trading platforms are known as centralized exchanges, which function as a brokerage, acting as intermediaries between buyers and sellers.
Users can deposit money into exchanges to buy cryptocurrency or deposit their own crypto to trade for other currencies, known as crypto-to-crypto spot trading. Traders can expect to pay a fee for converting one crypto to another, like when exchanging regular currencies at a bank (for example, converting USD to EUR).
In exchange for digital currencies, exchanges may accept a wide variety of payments, including credit card payments, direct bank transfers, credit or debit cards, money orders and even gift cards.
Dedicated crypto and bitcoin exchanges will allow you to withdraw your crypto funds and transfer them to another wallet of your choice. Others, especially those that focus on other assets, like stocks — including Robinhood and eToro — only let you purchase the crypto but not transfer it out of their web wallets.
How We Found the Best Bitcoin Casinos Online
Bitcoin Availability:The first thing we researched was, of course, whether a casino offered payments/withdrawals in Bitcoin. We also gave some extra points to those who offer alternative cryptocurrencies as well.
Game Variety and Quality:Just because it offers Bitcoin payments, it doesn’t automatically mean a Bitcoin casino is good. Players go to these online websites to play and have fun, so the fun factor should be paramount. We analyzed how many games they offer and how good they are.
Bonuses:Bonuses not only give good value for new and recurring players, but they also gauge whether the Bitcoin casino has its customers in mind or not. This is why we focused on Bitcoin bonuses mainly but also took a look at other bonuses and promotions.
Safety:This category encompasses a wide array of factors, namely: the casino's reputation, whether they are licensed or not, what kind of license they have, their website security, and more. Especially with cryptos, you only want to play on safe, reputable casino sites.
Cryptocurrencies are becoming more mainstream each day. Casino sites, of course, aren’t an exception to this rule - but how do you find the best Bitcoin casinos in the bunch?
In other words: What sites are the good, the bad and the ugly in terms of Bitcoin casinos?
We'll spare you the last two categories and go straight to the good ones. After spending 30 hours testing over 17 Bitcoin casinos against benchmarks like licenses, fairness, customer service, game variety, and bonus offers, we’ve found BitStarz to be the top scoring Bitcoin casino in all departments. The top 10 scoring sites are below along with detailed reviews and a breakdown of the winners in each category.
First Look
- Best overall: BitStarz
- Best jackpots: 7Bit Casino
- Best welcome bonus: mBitCasino
- Most crypto deposit methods: Cloudbet
- Best for mobile BTC games: Red Dog
- Best payment options: Super Slots
- Best slots variety: Slots Empire
- Best promos: El Royale
- Best user interface: Las Atlantis
- Best for beginners: Cafe Casino
6. Super Slots - Best Payment Options
- Great crypto promotions, like the 400% bonus
- Many payment options, including Bitcoin and Bitcoin Cash
- 300+ games and two live casino sections
It's true. Their slots are definitely super, but there are also other great things about this online casino.
First of all, it offers perhaps the widest choice of payment methods we've ever seen. This includes Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Stellar, Ripple, and traditional options such as credit cards and bank transfers.
Aside from slots, you will find many good-quality casino games here, including not one but two live casino sections. On top of that, they have seasonal bonuses and promotions, including a whopping 400% crypto bonus on your first deposit.
Is Bitcoin Legal?
Currently, few countries prohibit people from using Bitcoin as a payment method. However, most of the world believes in and accepts Bitcoin as a future type of payment. Meanwhile, we recommend checking the laws of your home country before purchasing Bitcoins for future transactions.
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Who doesn't love earning free crypto, right? Luckily, many companies offer worthwhile crypto bonus offers to new customers.As you narrow your search for the best crypto bonus offers, don’t forget to take the platform itself into account. In other words, a company that offers a smaller bonus might still be the best option if it supports more currencies, charges lower fees, or offers a better user experience.Note: these bonuses are usually paid in crypto or other crypto-assets.
Promo: Celsius Network. Right now, you can earn up to 14.05% APY on your crypto, with up to 6.20% on Bitcoin. Click here to get started >>>
7. Slots Empire - Best for Slot Games
- Accessible slot section with demo games
- 11 specialty games
- Great-looking themed website
Slots Empire, as you can imagine, has an extensive gallery of slot games. What we found great about their selection is that the games are suitable to all playing styles. It's very easy to navigate the website and look for your favorite game, and they offer demo versions for all of them.
Other game sections are a bit lacking, but you can find games of all kinds here. Notably good is the specialty games section with 11 titles.
They have some exciting promotions, such as welcome bonuses and new game promotions, but no specific Bitcoin bonuses.
Other crypto exchanges we considered
The following trading platforms are all excellent options, especially for newer traders. However, they are not dedicated crypto or bitcoin exchanges but primarily deal in other securities, like stocks and futures. We decided to list them separately for this reason.
- Commission-free trading platform
- Fractional stock investing available
- Volatility reminders on cryptocurrencies
- Social trading lets you see what others are buying and selling
- Lack of technical charts and research tools
- Long waiting time for withdrawals
- No commissions and minimum account balance
- Exceptionally easy to use and start trading
- Heavily regulated by the Securities and Exchange Commission
- No mutual fund and forex trading
- Lacks educational content and research tools
- Active investment community, ideal for social trading
- Support crypto staking for some coins
- Broad selection of cryptocurrencies
- Disappointing withdrawal fees and spread fees
- Crypto trading not available in all states
- One of the easiest platforms to buy Bitcoin and get started with crypto
- Lock prices immediately and withdraw quickly
- Make and receive mobile payments
- No insurance coverage from the FDIC
- It cannot be used to make payments internationally
- Can only trade Bitcoin; no other crypto available
Bottom Line
Even though there are ways to earn extra crypto for free, don’t let the temptation of freebies force your hand. Cryptocurrency is a very volatile, new investment, and you should only ever put in what you’re OK with losing.
Free crypto also might not be free come tax season. Any crypto that may be considered income, as well as crypto-to-crypto conversions or holdings you cash out for U.S. dollars, is taxable. You’ll need to track the market price of any crypto you get when you receive it, and again when you sell it, to report to the IRS come tax season.
[READ MORE]: Yes, Your Crypto Is Taxable. Here’s How to Report Virtual Currency to the IRS
9. Las Atlantis - Best Website Design
- Inviting website with excellent user experience
- Not the most extensive selection of games (circa 200)
- Many promotions, including game-specific ones
Las Atlantis is probably the most beautiful online casino out there. You just can't avoid falling in love with a website that displays bubbles where your cursor is. But aside from that, sections are well-thought-out, and interactivity is also great. They accept Bitcoin, Litecoin, and Ethereum.
There are 200+ games, which is not a lot, but their themes are varied, and you’ll find most typical casino games such as slots, poker, table games, and blackjack.
Their promotions are really good, such as the 280% welcome bonus up to 5-digits and special new game bonuses. However, there are no Bitcoin-specific promotions.
How Do I Pay with Bitcoin?
This will depend on each casino site. Some websites offer crypto wallet transfers, while others require the player to get in touch with customer support. Some of the most Bitcoin-oriented gambling sites even offer the option to trade currencies on-site. This means you can deposit USD, EUR, or your local currency and exchange it for Bitcoins.
Also, bear in mind that some casino sites offer payments in Bitcoin, but not withdrawals. Others allow withdrawals with the same deposit method only. Always check the conditions first.
Nexo - $100
Nexo is offering a welcome promotion of $100 in BTC when you open an new account, complete advanced verification, and deposit at least $1,000 in supported assets onto the platform.
You must maintain the balance on Nexo for at least 30 days.
Check out out the offer and open an account on Nexo here >>
Before You Start
Evaluate any opportunity for free crypto critically before participating. Many of the more legitimate ways to earn “free” crypto require at least some upfront work, like taking lessons on Coinbase Earn or navigating a shopping portal for crypto rewards. And promises of free money are ripe for manipulation from scammers. Never accept an unsolicited offer for free cryptocurrency, and do your own research into any opportunity before you take part.
Do I Have to Pay Tax on Bitcoin?
The key benefit of using Bitcoin is a tax-free environment. While the blockchain network controls it, financial institutions, organizations, and government authorities cannot track crypto transactions, including banks and central banks.
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Crypto wallet vs exchange
Crypto wallets and exchanges are both essential tools used to manage cryptocurrencies. Wallets are meant to keep your crypto funds safe, whereas exchanges are trading hubs where users convert fiat currencies to digital ones and buy or sell crypto based on current market rates.
Crypto exchanges Crypto wallets Facilitate trading between users Hold the private keys that are necessary to access cryptocurrency on the blockchain Convert fiat currencies into digital currencies Are offered by exchanges and independent developers. Are available 24/7, unlike traditional investment firms Can be an online-only platform, a physical storage device, or incorporate both aspects. Many crypto exchanges operate their own wallets, so users can start trading crypto as soon as they open their account without having to worry about getting a digital wallet of their own. These are known as web-hosted wallets, and their incorporated exchange is responsible for their security measures.
Serious traders are encouraged to keep an independent cryptocurrency wallet to deposit any coins they aren’t actively trading. This is because you could lose all your digital assets if the exchange is hacked.
Although you’ll be responsible for securing, backing up, and managing your own funds, independent digital wallets are a much safer alternative for safeguarding the bulk of your crypto.
Can I Play All Casino Games With Bitcoin?
It depends on the casino. Some Bitcoin-exclusive casinos, of course, allow only Bitcoin for their games. But other online casino sites will offer a mix: a Bitcoin-only section with a variety of games and then the other fiat-currency games in another section.
Many casinos allow you to play any games with Bitcoin, but you should always check first whether this is the case or not. Also, bear in mind that promotions may or may not include Bitcoin.
Are Cryptocurrencies Anonymous?
Cryptocurrencies are comparatively anonymous due to their crypto nature. When you make a transaction, you do not have to provide any personal information. However, note that you can receive cryptocurrency in a digital wallet, where you will be required to prove your identity.
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