High Stakes, High Security – The 7 Best Wallets for Gambling in 2025

Ready to place a bet on your favorite team? Great! But before you dive in, you’ll need a secure crypto wallet to keep your funds safe. With so many options available, choosing the best wallets for gambling can feel overwhelming.

Our team has hands-on tested the top wallets to bring you a curated list based on security, ease of use, transaction costs, and supported assets. Whether you prefer a hardware or software wallet, custodial or non-custodial, we’ve covered the best choices, including Best Wallet, Zengo, Cypherock, and Margex.

Ultimately, the right crypto wallet for online gambling depends on your needs – fast withdrawals, anonymity, or enhanced security. But making an informed choice is key to protecting your funds and maximizing your gaming experience.

Keep reading as we break down the seven best wallets for gambling so you can bet with confidence!

Why Do You Need a Crypto Wallet for Gambling?

Using your bank card or bank account for online gambling might seem convenient, but it comes with serious risks. Hackers could access your sensitive data – and, in the worst-case scenario, steal funds from your account.

A wallet for crypto gambling eliminates this risk, offering enhanced security and greater control over your transactions.

Crypto wallets also provide anonymity. While blockchain transactions are recorded, they aren’t always directly linked back to your personal identity like a bank account or credit card.

Because cryptocurrencies operate on decentralized networks, your transactions are free from oversight by traditional financial institutions, offering more privacy and fewer restrictions.

Another major advantage? Global accessibility. If you live in a region with restricted banking options, cryptocurrencies allow you to gamble online without limitations. Plus, crypto transactions come with lower fees than international bank transfers, saving you money on withdrawals and deposits.

Hot Wallets vs Cold Wallets – Which One Is Right for You?

When it comes to security, you’ll need to decide between a hot wallet or a cold wallet:

• Cold wallets (offline): The most secure option, keeping your funds protected from online threats.
• Hot wallets (offline): Fast and convenient, making them ideal for frequent transactions, but they’re also more vulnerable to hacking.

If security is your top priority, a cold wallet is the way to go. But if you need speed and accessibility, a hot wallet is your best bet. Choosing the right wallet depends on how you balance security, convenience, and ease of use.

Features to Look for in a Crypto Wallet for Gambling

Picking the right crypto wallet for sports betting can feel overwhelming. But don’t worry; we’ve done the heavy lifting for you. After testing the top wallets on the market, we’ve pinpointed the key features that matter most when gambling with crypto. Here’s what to keep in mind

• Multi-currency support: A good wallet should support a wide range of cryptocurrencies, especially the ones you want to bet with. Flexibility is key!
• Seamless fiat on-and-off ramps: Converting fiat to crypto and vice versa should be fast, easy, and cost-effective. The last thing you want is high fees eating into your winnings.
• Gambling platform integration: Some wallets integrate directly with gambling platforms, making transactions faster and sometimes even rewarding you with bonuses like free loot boxes.
• Self-custodial control: Owning your private keys means full control over your funds – no third parties, no unnecessary risks.
• Strong security features: Look for wallets with two- or three-factor authentication (2FA/3FA) to lock out hackers and keep your funds safe.
• Mobile compatibility: Prefer gambling on the go? Make sure your wallet works seamlessly on iOS or Android for quick and easy access.
• Anonymity: If privacy is a priority, choose a wallet that doesn’t require know-your-customer (KYC) verification, especially if gambling laws in your region are restricted or if you simply value discretion.

Choosing the right wallet means balancing security, convenience, and usability – so keep these features in mind, and you’ll be set for a smooth, secure gambling experience.

Expert Analysis – Best Wallets for Gambling Reviewed

Now that you know what to look for in a crypto wallet for gambling, let’s dive into our top picks. Below, we break down each wallet in detail, covering the type of wallet, price range, supported assets, and key features so you can find the best fit for your needs.

1. Best Wallet – Mobile-Forward Non-Custodial Wallet With No KYC

Best Wallet is a non-custodial, mobile-friendly crypto wallet designed for security, privacy, and ease of use. Available on iOS and Android, it stores and encrypts your private keys on your device, meaning you have full control over your assets even if the company ceases operations.

Best Wallet supports over 1K cryptocurrencies across several popular networks. While it’s no longer possible to buy, sell, and swap crypto via third-party exchanges integrated within the app.

Security is a major selling point for Best Wallet, featuring two-factor authentication (2FA), biometrics, and encrypted keys to ensure only you can access your funds. Additionally, there are no KYC requirements, allowing for anonymous transactions. A key advantage for users in regions where gambling is restricted or for those who simply value privacy.

Best Wallet doesn’t charge any fees for receiving or storing crypto, though you will need to pay fees to transfer assets. These go to the payment processors and blockchain networks, not Best Wallet itself.  You can also make fiat payments via MasterCard, Visa, Skrill, Google/Apple Pay, and more.

A standout feature for online gamblers is Best Wallet’s iGaming integration, which connects users to top gambling sites like CoinCasino, WSM Casino, Lucky Block, and Mega Dice, offering free loot boxes and exclusive bonuses.

While Best Wallet is a solid choice for online gambling, there’s currently no browser extension, so you’ll need to use the iOS or Android app on your device. Some advanced features are also in development.

If you’re looking for the best Bitcoin wallet for online gambling, Best Wallet is a trusted, secure option with plenty of features designed for privacy, security, and convenience. Check out our Best Wallet review for more information.

Visit the official Best Wallet website today.

2. Zengo – The World’s First Keyless Crypto Wallet With High Security & Privacy

If you’re all about security, Zengo is a game-changer. It’s the world’s first keyless crypto wallet, meaning no passwords, just cutting-edge security.

Zengo uses multi-party computation technology (MPC), eliminating a single point of failure. So, even if a hacker (or even Zengo itself) gains access to your phone, your funds remain protected. Everything is encrypted and secured via biometric face or fingerprint scans.

Setting up a Zengo account is quick and easy on iOS, Android, or desktop. All you need is an email address and your biometrics – no complicated passwords or recovery phrases to remember.

Zengo supports over 380 cryptocurrencies, including major assets like Bitcoin ($BTC), Ethereum ($ETH), Tether ($USDT), and Dogecoin ($DOGE). Sending and receiving funds is free, but gas fees apply when trading.

The basic wallet is free, but for $9.99 per month, Zengo Pro unlocks additional benefits, including:

• Discounted trading fees (up to 50%)
• Built-in Web3 firewall for extra security
• Legacy Transfer to pass your assets to family or friends if needed

Zengo isn’t just for storing crypto – you can buy, sell, and stake assets directly through the app or desktop site. Staking options include Tezos ($XTZ) and $ETH, allowing you to earn passive income. The wallet also supports fiat payments via credit/debit card, Apple/Google Pay, and MoonPay, making it easy to top up your funds.

Zengo offers Private Transaction mode, which generates a new Bitcoin or Dogecoin address for every transaction, making it harder to track your history. You can currently purchase up to $1K in crypto anonymously, but you will need to verify your identity for larger transactions.

While Zengo is widely available, some locations are restricted. If you live in Hawaii, New York, the US Virgin Islands, or Rhode Island, you won’t be able to buy crypto using Zengo.

For those who prioritize security, privacy, and ease of use, Zengo is one of the best crypto wallets for gambling and beyond.

Visit the official Zengo website today.

3. Cypherock – Decentralized Private Key Storage and Seedless Recovery

Unlike Best Wallet and Zengo, which are software-based, Cypherock is a cutting-edge hardware wallet. Instead of relying on a single private key, Cypherock splits your private key into four encrypted shards stored across four separate cards.

By keeping these cards in different locations, you eliminate a single point of failure, significantly reducing the risk of hacking or loss.

Rigorously audited by Keylabs, Cypherock is one of the most secure crypto wallets available, offering:

• Decentralized private key storage:  Eliminates the risk of a single hack compromising your entire wallet
• Seedless recovery: No traditional seed phrases to lose or steal
• Three-factor authentication: – Extra layers of security for added protection
• EAL6+ security certification: Equivalent to bank-grade security standards

For those unfamiliar, EAL (Evaluation Assurance Level) is a global security benchmark used to assess tech products, ranging from EAL1 (basic security) to EAL7 (ultra-secure, military-grade protection). An EAL6+ rating means Cypherock has bank-grade security and is among the most secure crypto wallets on the market.

Cypherock supports over 9K cryptocurrencies. While you can’t buy, sell, trade, or stake assets directly on the hardware wallet, you can do so via the native CySync app. It also integrates withWalletConnect, allowing users to seamlessly access decentralized apps (dApps).

Currently, Cypherock is compatible with Windows, Mac, and Linux, with support for iOS and Android coming soon.

One of Cpherock’s standout features is that it’s completely open-source. This means any developer from anywhere in the world can review its code, helping identify potential vulnerabilities and ensuring security patches are deployed promptly. Transparency is key in crypto, and Cypherock delivers.

Since Cypherock is a hardware wallet, there’s a higher upfront cost compared to software wallets. Devices cost $190, making it an investment in long-term security rather than just convenience.

If you’re serious about crypto security, Cypherock is one of the safest wallets available, making it a top choice for high-stakes investors and gamblers alike.

Visit the official Cypherock website today.

4. Margex – Custodial Wallet That Stores User Funds Across Cold Storage Devices

Margex is a crypto exchange with a built-in custodial wallet, meaning a third party manages your private keys and funds. While this makes it more beginner-friendly, it also means you don’t have full control, so if the platform were ever hacked or shut down, you could lose access to your funds.

Because of this, Margex is better suited for active trading and gambling rather than long-term storage.

Despite being a custodial wallet, Margex prioritizes security, using cold storage to protect funds from hackers. It supports over 55 cryptocurrencies, making it a versatile choice for crypto traders and gamblers.

Margex is available on desktop, iOS, and Android with 2FA protection via Google Authenticator, ensuring extra security for your account.

Another top feature is Margex’s no-KYC policy, allowing users to trade and gamble without identity verification. However, if you want to deposit fiat through third-party exchanges, KYC may be required.

If you’re looking for a secure, easy-to-use exchange with built-in crypto storage, Margex is a solid option, especially for those who want to gamble and trade anonymously.

Visit the official Margex website today.

5. Ledger Stax – Secure Element Chip and Custom BOLOS Operating System for Enhanced Security

The Ledger Stax is the most advanced hardware wallet in Ledger’s lineup, designed for maximum security and ease of use. Its standout feature? A large, curved, high-resolution e-ink screen that makes managing your crypto transactions a breeze. Perfect for those who want a smooth experience when gambling or trading.

With a credit-card-sized design, the Ledger Stax is ultra-portable, fitting easily in your pocket. It even has embedded magnets that let you stack multiple devices together, making it an ideal choice for users managing multiple wallets on the go.

Security is where Ledger Stax also shines:

• Custom BOLOS operating system: Blockchain Open Ledger Operating System designed specifically for Ledger devices to prevent vulnerabilities.
• Tamper-proof Secure Element Chip: Keeps your private keys safe, storing them offline to protect against hacking attempts.
• Security Key app: Supports MFA and passkeys for extra layers of protection.

Although the Ledger Stax is a cold wallet, you can still buy, swap, or stake crypto through third-party exchanges via the Ledger Live app. It supports over 1.5K cryptocurrencies, including major assets like $BTC, $ETH, and Solana ($SOL). It also supports tokens native to casinos, like $TGC from TG Casino and $SCS from Solcasino.

The Ledger Live app is available on iOS, Android, Windows, and macOS. Ledger also offers a CL Card, which lets you pay for goods and services using your crypto.

At $399, the Ledger Stax is more expensive than competitors like Ellipal and Cypherock, but its cutting-edge security features and encryption credentials make it a top-tier investment for serious crypto users.

If you’re looking for best-in-class security, portability, and usability, the Ledger Stax is one of the top hardware wallets on the market, especially for those serious about crypto gambling and secure asset management.

Visit the official Ledger Stax website today.

6. Tangem – Slim Crypto Wallet With No Need for a Recovery Phrase

Tangem is a cold wallet designed for convenience, security, and mobility. Unlike bulkier wallets, Tangem is shaped like a credit card, making it perfect for gambling on the go.

It pairs seamlessly with its open-source iOS and Android app, though keep in mind that there’s no desktop support.

Unlike traditional hardware wallets like the Ledger Stax, Tangem doesn’t have a display. Instead, you tap the card against your phone to make transactions. Your private keys are securely stored offline, inside the card’s certified microchip, keeping them safe from hackers.

Tangem’s built-in 2FA includes biometric authentication, adding an extra layer of security while ensuring quick, seamless access.

Tangem supports over 6K cryptocurrencies, making it one of the most versatile cold wallets available. It also integrates with third-party platforms via WalletConnect, allowing you to trade, buy, and swap crypto through various exchanges.

One major perk for crypto gamblers? No KYC required! So, while you can use Tangem anonymously, some third-party services may require verification.

Tangem also has NFC capabilities for speedy communication and transactions – perfect for betting on live sports events without delay.

Tangem is incredibly intuitive, making it a great option for beginners or the less tech-savvy among us. Plus, with prices ranging from $70 to $160, it’s far more affordable than other hardware wallets like Ledger Stax and Ellipal. And with a 25-year replacement warranty, it’s built to last.

For those looking for a lightweight, secure, and easy-to-use cold wallet, Tangem is an excellent choice, especially for anonymous gambling at casinos like Lucky Block and quick mobile transactions.

Visit the official Tangem website today.

7. Ellipal – World’s First Air-Gapped Cold Wallet for Enhanced Privacy

Ellipal takes crypto security to the next level as the world’s first air-gapped cold wallet, ensuring your private keys stay completely offline and safe from hacking attempts.

Designed for maximum protection, it features a CC EAL5+ certified chip and a hidden secondary wallet, making it one of the most secure hardware wallets.

Ellipal doesn’t just protect your assets from cyber threats – it’s built to withstand real-world attacks, too. If someone steals your device and tries to force it open, the metal seal triggers a self-destruct mechanism, automatically deleting all your data. Regular backups are therefore important!

For everyday security, 2FA is required, including:

• PIN or password login
• QR code verification generated by the Ellipal iOS or Android app

Ellipal devices support over 10K cryptocurrencies, including casino coins like Betcoin ($BET), making it a top choice for crypto gamblers. While it doesn’t have an exchange integration, you can connect to decentralized exchanges via WalletConnect.

Ellipal currently offers three hardware wallets: the Titan Mini, Titan, and Titan 2.0. Starting at $99, these wallets are competitively priced and come with sharp color touchscreens, making them some of the best gambling-friendly cold wallets on the market.

However, Ellipal wallets are bulkier than some competitors, so they’re not as pocket-friendly as Tangem or Ledger Stax. Also, they require battery charging, which might not be ideal for users who want a grab-and-go solution.

If you’re looking for elite security and don’t mind a slightly larger device, Ellipal is an excellent choice for crypto gambling and long-term asset protection.

Visit the official Ellipal website today.

How We Choose the Best Crypto Wallets for Gambling

We want you to feel you can trust our reviews, so below, we’ll share some of the metrics we considered when compiling our list of the best crypto wallets for online gambling.

Setting Up a Gambling Crypto Wallet, Step-by-Step

If you’re completely new to setting up a gambling crypto wallet, worry not! We’re here to guide you through things step by step. We’ve used Best Wallet and CoinCasino for this example, but the steps should be similar for most wallets and gambling platforms.

1. Download the Best Wallet App

Head to the Best Wallet website and download the official Best Wallet iOS or Android app. Simply click the link on the home page.

2. Set Up the Wallet

To set up the app, first, enter your email address. Then, you’ll receive a verification code, which you must enter to proceed. Finally, choose a PIN and write down the 12-word backup phrase. This is crucial for account recovery if you lose your phone or forget your PIN.

Remember, never share this with anyone or write it down where someone could easily find it.

3. Add Crypto to Your Wallet

You can buy crypto with fiat directly in Best Wallet or transfer funds from another wallet. To transfer crypto from another location, here are the steps to follow:

1. Select the cryptocurrency you want to deposit to get its unique wallet address.
2. Copy the address or scan the QR code.
3. Transfer your funds from your external wallet or exchange to this address.

Here’s how to buy crypto with fiat money:

1. Click Trade > Buy.
2. Choose the crypto to purchase (for example, Ethereum).
3. Select your payment method, amount, and currency.
4. Confirm your purchase and enter your payment details.

Crypto deposits typically take up to 10 minutes to appear in Best Wallet.

4. Create a CoinCasino Account

Now that your crypto is in Best Wallet, it’s time to set up your gambling account. Go to the CoinCasino website (or your online casino of choice) and click the ‘Sign Up’ button at the top right.

To create your account, type in your email address, choose your username and password, and accept the terms of service.

5. Deposit Funds Into Your Casino Account

To fund your CoinCasino wallet, follow these steps:

1. In CoinCasino, click ‘Wallet’ and select the crypto you want to deposit.
2. Copy the deposit address.
3. In Best Wallet, select the crypto you wish to send, click ‘Send,’ and paste the CoinCasino wallet address.
4. Enter your transfer amount and confirm the transaction.
5. If using a desktop, scan the CoinCasino QR code from your phone for an even faster deposit.

Deposits to CoinCasino usually don’t take longer than a few minutes.

Conclusion – The Best Wallets for Gambling

If you’re in the market for the best e-wallet for gambling, we hope this guide has helped you find the right one for your crypto casino needs.

From anonymity and security to supported cryptocurrencies and custodianship, choosing the right wallet depends on your personal preferences. Always check user reviews and consider the features that matter most to you.

Please note that this article is for informational purposes only and doesn’t constitute financial advice. Always conduct your own research before choosing a crypto wallet for gambling.

FAQs

1. What is the best crypto wallet for gambling?

There’s no one-size-fits-all solution when it comes to the best crypto wallet for gambling. The wallet you choose will depend on your needs and preferences. Our ’Expert Analysis’ section reviews the top seven gambling wallets to help you find the right choice for you.

2. What is the best e-wallet for online casinos?

Choosing the best e-wallet for online casinos depends on what you’re looking for. Beginners may wish to stick with a user-friendly option like Best Wallet. More experienced gamblers might prefer Margex or Zengo, which we’ve covered in our ‘Expert Analysis’ section.

3. What crypto can you gamble with?

Many gambling platforms and online casinos accept the most popular cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. Always check with the casino or platform to see which cryptocurrencies they accept before choosing your wallet.

4. What is the best crypto wallet for beginners?

The best crypto wallet for beginners will depend on your preferences. For hardware wallets, the Ledger Stax or Ellipal wallets are a great starting point, as they’re intuitive and easy to use. For those who prefer software wallets, Best Wallet is user-friendly and easy for beginners to navigate.