Crypto withdrawals are usually used at online casinos when players need to withdraw larger amounts. Small withdrawals usually go through cards or e-wallets, because they are faster and more convenient. However, once withdrawals reach $50,000 or more, most of those methods stop being useful. Credit cards are limited, and e-wallets also rarely allow more than five-figure amounts. At that point, high-stakes online casino players must choose between wire casino transfers and cryptocurrency transfers.

Wire transfers work for large amounts, but they are slow and expensive. A wire withdrawal can take several business days, sometimes more than a week. Intermediary banks, compliance checks, and cut-off times all add delays, and fees are stacking up.

Crypto withdrawals are not going through that route. After the casino approves the withdrawal, the transaction is sent directly to the blockchain. A Bitcoin withdrawal can reach a wallet within a few hours. Litecoin and USDT can be even faster. Another important thing with crypto withdrawals is that the amount does not change how the transaction is processed.

Also, another benefit of not relying on banks is that there are no weekends or banking holidays. However, there are some things that are similar because of restrictions on the side of the casino. First withdrawals often take longer.

In this article, we will help you understand how crypto withdrawals are handled at online casinos, which cryptocurrencies are commonly used for large withdrawals, and much more.

Which Cryptocurrencies Do Casinos Accept

When players start looking into crypto withdrawals at online casinos, one of the first things they notice is that casinos often list many cryptocurrencies in their cashier section. However, in real situations, especially when withdrawals reach higher amounts, the number of cryptocurrencies that are actually available becomes much smaller. While a casino might technically support a long list of coins, that does not mean all of them are suitable for large withdrawals. The main cryptocurrencies used are Bitcoin, Litecoin, and various Stablecoins.

Bitcoin

Bitcoin is by far the most common cryptocurrency used for casino withdrawals. Almost every crypto-friendly casino supports it, and in many cases, Bitcoin is the default option when players request higher payouts. Casinos are familiar with Bitcoin transactions, and their internal systems are usually built around it. Because of that, withdrawal limits for Bitcoin are often higher than for other cryptocurrencies. For VIP players, Bitcoin withdrawals are usually the easiest to approve, even when amounts are large. The downside is that Bitcoin is not the fastest option available, and during periods of network congestion, confirmations can take longer than expected.

Litecoin

Litecoin is another cryptocurrency that is often available for withdrawals, and many players prefer it because it is faster and cheaper to use. Compared to Bitcoin, Litecoin transactions are confirmed more quickly, and network fees are usually very low. Some casinos allow similar withdrawal limits for Litecoin as for Bitcoin, while others set them slightly lower. For players who want faster access to their funds and do not want to wait several hours, Litecoin can be a good alternative. That said, Litecoin is not supported at every casino, and Bitcoin is still more widely accepted overall.

Stablecoins

Stablecoins are also becoming more common, especially for players who want to avoid price changes while waiting for a withdrawal to be processed. USDT is the most frequently used stablecoin in this context. Because its value is tied to the US dollar, players know exactly how much they are withdrawing, regardless of how long the transaction takes. This can be important when dealing with larger amounts. Casinos usually support USDT on specific blockchain networks, and limits depend on both the casino and the network being used. While stablecoin withdrawals are growing in popularity, not every casino allows very large withdrawals using them.

Other cryptocurrencies are sometimes listed as withdrawal options, but they are rarely used for high-value payouts. Smaller coins often come with lower limits, additional checks, or slower internal processing on the casino side. For that reason, once withdrawals reach $50,000 or more, most players end up choosing between Bitcoin, Litecoin, or USDT. These are the cryptocurrencies casinos are most comfortable handling when the amounts involved are significant.

Online Casino Cryptocurrencies