Price Volatility

Owning crypto assets can be considered gambling in its own right because some digital currencies are highly volatile. In other words, their price tends to ebb and flow, so you can experience gains or losses even without using them.

To protect your budget from market fluctuations, consider converting your crypto assets into stablecoins, such as Tether or USD Coin. Both are pegged to USD, so their values are fixed.

Another approach to managing your cryptocurrency funds is to set a separate budget for gambling. Practically, you should not mix your casino bankroll with your long-term crypto investments. Just have a separate wallet for gambling purposes and adjust it regularly based on market trends.

Also, if you want to stay loyal to the preferred cryptocurrency you're gambling with and its price soars, consider withdrawing a portion of your funds to protect profits.

Transaction Speed

Near-instant transactions are one of the key advantages of playing at crypto casinos. Yet, abusing fast transaction speeds to deposit and wager more than you can afford to lose is considered a sure way to a gambling addiction.

Instead, take advantage of super-fast withdrawals and cash out your winnings regularly. This will prevent you from betting impulsively once you've reached your win limit, which you should set before you start playing, just like you do at standard online casinos.

A general rule of thumb is to never keep large amounts of cryptocurrency in your casino wallet. Instead, you should transfer only what you plan to risk during a single session.

Transaction Limits and Bet Sizes

To use cryptocurrencies for gambling, one must understand their value. Crypto units may seem small, but even when expressed in decimals, their value can still be high. Once you've figured it all out, determine your budget, bet size, and limits.

Speaking of limits, you should be aware that crypto casinos have high deposit and withdrawal limits. High deposit limits can be tempting and make you exceed your limits, so make sure not to fall for them and stick to the budget you've set aside for gambling purposes.

To enjoy your gambling sessions to the fullest, make sure to adjust your bet size to your designated budget. Consider wagering a fraction of it (1-2%) per round and never chase losses. Also, if you reach the win limit you've set, call it a day.

Anonymity and Decentralised Play

We've already covered anonymity in crypto gambling, explaining that you can almost never entirely hide your identity. Still, some players tend to gamble as if nobody's watching, risking more than they can afford to lose. Decentralised play doesn't help either: there's no institution or authority to tell you how much you've spent or when it's time to stop.

So, when playing at a crypto casino, you're in full control, which is excellent and risky at the same time. Because of that, you must be disciplined and track how much you've spent playing casino games. The best crypto gambling platforms offer responsible gaming tools, so make use of them. Again, consider using a cold wallet to store your main bankroll and transfer only smaller amounts into your hot wallet or casino wallet.

Bonuses

We all love casino bonuses, but not all of them are worth your while. Some may seem too good to be true, so you should always check the attached terms and conditions to determine their real value. What you should pay close attention to is a wagering requirement that applies to a particular bonus. A playthrough that exceeds 40x the bonus amount? That can make you deposit and wager more than you've intended, which is bad for your bankroll management.

Some of the best offers at crypto casinos are cashback bonuses and free spins. In both cases, wagering requirements are set low or non-existent, so what you get through them is yours to keep.