Gambling has always involved risks, with players wagering real money for entertainment. As the industry keeps up with technology, online casinos now offer various options for betting with real money, including cryptocurrencies.
Considering the advantages, it’s no surprise that crypto casino sites are gaining popularity. However, not all gaming establishments can provide high-quality content and ensure safe deposit or withdrawal conditions. Read on to learn what to look for when the best online crypto casino casinos and what sets these establishments apart.
Features of Crypto Casinos
The primary distinction of these establishments is that they operate with cryptocurrencies, not fiat ones (real money). This is a relatively young trend in the gambling industry, as the first cryptocurrency casino emerged in 2011, accepting payments in Bitcoin. Later, other platforms offered a broader selection of cryptocurrencies, such as Ethereum, Litecoin, Bitcoin Cash, Dogecoin, and more.
The main feature of Bitcoin online casino is decentralizing all financial transactions, meaning there is no control from the traditional financial sector. This results in the possibility of complete anonymity during payments.
Many players appreciate that they can enjoy crypto casinos without needing verification, avoiding disclosing their banking details, financial status, etc.
Advantages of Playing in Crypto Casino
In addition to the mentioned anonymity, gaming platforms that accept cryptocurrencies offer several other features that entice gamblers to consider playing in an online crypto casino:
- Faster Transactions: Thanks to decentralization, payments between players and online platforms occur several times faster.
- Confidentiality: Blockchain technology securely stores user data, protecting it from third-party access.
- Security: Crypto casinos safeguard players from hacks and unauthorized wallet manipulations (thanks to blockchain technology) and help them avoid tax obligations.
- Flexible Betting: Cryptocurrencies are often divided into smaller units, allowing players to place bets of any size.
- Progressive Audience: Cryptocurrency casinos attract a more youthful audience interested in crypto and familiar with its use.
Moreover, almost any crypto online casino stands out for its more generous bonus offers, lower payment fees, or the absence of fees altogether.
Disadvantages of Playing in Crypto Casinos
Despite their merits, casinos that accept cryptocurrencies are not without some downsides, which might not appeal to all gambling enthusiasts:
- Limited Trust: Many users still prefer the reliability of traditional fiat money, needing more trust in cryptocurrencies.
- Slow Adoption: Despite increasing demand for crypto gambling, game providers and gambling platforms might not adapt quickly enough to cater specifically to the crypto market.
- Legality Issues: Even the best Bitcoin casino can face legal challenges in many countries.
- Varying Security and Policies: Not every crypto casino can boast a robust security system and coherent policies for gaming and bonuses.
Remember, when choosing a crypto casino, it’s essential to consider these factors and make an informed decision based on your preferences and priorities.
Critical Differences Between Crypto and Fiat Gambling
Playing with bitcoins or other cryptocurrencies isn’t drastically different from gambling with fiat money. Players have access to the same types of thrilling entertainment in an online Bitcoin casino, including:
- Card Games: Baccarat, Blackjack, Poker.
- Dice Games.
- Craps.
- Roulette in various forms.
- Slot Machines.
- Live Casino Games.
However, there are particular distinctions in the principles of playing at crypto casinos compared to traditional gaming platforms.
Variety of Crypto Gaming or Free Satoshis
In traditional gambling platforms, players typically have two formats: real-money gambling or demo mode. In a Bitcoin casino, players have more options for entertainment. They can play with their bitcoins, divide them into satoshis (smaller units of bitcoin), or take advantage of Bitcoin casinos offering games with free satoshis.
Verification of Slot RTP
Something impossible in a regular casino but entirely possible in a Bitcoin casino is verifying the fairness of slots or games. By and large, a crypto casino utilizes “provably fair” technology. This allows players to independently verify the randomness of slots or other games using cryptographic principles, making the system unhackable and cheat-proof.
Higher Chances of Winning
Regarding RTP (Return to Player), Bitcoin casinos are attractive due to their higher return percentage than traditional slot machines. While the RTP of classic online casinos playing with fiat money does not exceed 95% (sometimes reaching 99%, but that’s an exception), casino bitcoin websites offer games with an average RTP of 98-99%, leading to significantly higher chances of winning.
Autonomy
In terms of reward distribution, crypto gaming platforms are automated. Thanks to blockchain technology, winnings are automatically credited to players without confirmation. All winnings are tied to smart contracts, ensuring they can be credited without requesting a withdrawal.
Bitcoin-Winning Slot Machines
The gambling industry constantly evolves to meet players’ demands, and many reputable game providers and developers collaborate with various Bitcoin casino sites, offering games to suit every taste with the option to play with crypto.
Already today, such companies as Belatra, Microgaming, Nolimit City, Playtech, Betsoft, Ainsworth, Amatic, Pragmatic Play, Endorphina, Thunderkick, Booming Games, NetEnt, Yggdrasil Gaming, 1×2 Gaming, Evolution Gaming, Evoplay, Genesis Gaming, iSoftBet, Play’n Go, Playson, Red Rake, Red Tiger, Booongo.
Cryptocurrencies Assortment in Online Casinos
Each online casino decides which cryptocurrencies it can work with. To attract as many clients as possible, crypto casino online platforms try to cover at least the most popular options, namely:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Dogecoin (DOGE)
- Tezos (XTZ)
As a rule, casinos only work with the most reliable and popular cryptocurrencies, which have well-established transaction mechanisms.
Security in Crypto Gaming
Another advantage of choosing a Bitcoin casino online is higher security guarantees. Unlike regular gambling establishments, all transactions for depositing and withdrawing funds use special encryption codes.
Licensing is also an additional security guarantee. Finding a cryptocurrency platform without a license is challenging since Bitcoin casinos are more meticulous about their reputation. A request indicates that they adhere to specific legal obligations and follow the rules for operating a gambling business. More detailed info about licenses can provide an objective crypto casino review.
While playing with cryptocurrencies offers certain advantages, such as faster transactions, freedom from tax claims, and more reliable conditions, as well as seemingly higher winning chances, it’s essential to remember some safety rules:
- Choose only the best crypto casino with confirmed licenses and reputable reputations, allowing verification of slot fairness.
- Experienced players recommend starting with gaming portals that offer crypto faucets, allowing players to earn some cryptocurrency for free by completing tasks or conditions.
Stick to using the same digital currency to avoid unnecessary scrutiny.
Play responsibly, manage your budget, avoid chasing losses, and only gamble at a reputable, well-known online casino Bitcoin.
FAQ
What sets cryptocurrency casinos apart from traditional ones?
First and foremost, cryptocurrency casinos accept bets and provide winnings in cryptocurrencies, whereas regular casinos only deal with fiat currencies.
What are the advantages of playing at a cryptocurrency casino compared to traditional gambling portals?
Cryptocurrency casinos are considered more secure and reliable and process transactions faster. Additionally, in Bitcoin casinos, you can verify the fairness of slots or games thanks to the provably fair technology.
Which cryptocurrencies are best for playing at casinos?
Indeed, it’s best to use popular and reliable cryptocurrencies that are widely used. These include Bitcoin, Bitcoin Cash, Ethereum, Dogecoin, Litecoin, and others.
What should I pay attention to when choosing a cryptocurrency casino?
Find out whether the gaming portal is licensed and which currencies and payment systems it operates with. The reputation of the casino and the gaming software providers it collaborates with also play a significant role.
Read more: Best Cryptocurrency Casinos for Gambling
