Since the onset of Covid-19 in 2020, crypto casino and gambling has grown exponentially. But two things become clear when you carefully examine the crypto gambling market.
First, there are a lot of options. If you search for “crypto gambling” on Google, you’ll find hundreds of sites trying to get people to join by offering free spins, bonuses, and fast payouts. Second, there needs to be more solid information about who uses the site or how much they win or lose on average.
Is the cryptocurrency gambling industry like a poker shark with a loaded gun under the table pointing at unknowing punters? Or does crypto gambling offer a fairer and more open system than traditional gambling?
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In this article, we will discuss everything related to the Crypto Casino scene that will help you make an informed decision.
Table Of Contents
What are Crypto Casinos?
A crypto casino is a website or app where you can play all your favorite casino games, like slots and table games, using cryptocurrencies instead of regular currencies. It claims that trades will be faster and safer because it uses the decentralized blockchain technology of crypto. Some will let you use crypto and cash, while others will only use crypto.
Since this type of casino caters to a certain payment method, it offers deals and bonuses that give priority to crypto players. If you deposit and play using certain casino crypto coins, you can expect bigger and better benefits.
But many people are skeptical about online boitcoin casinos, mostly because they don’t know how digital assets work and are afraid of online hacks. Even though these things are possible, crypto casinos keep your money safe in many ways, most of which you’ll learn about in the next few parts.
How Do Crypto Casinos Work?
It’s important to know about cryptocurrencies before using them in crypto games. It’s normal for first-time players to find crypto casinos a little scary and confusing, but that’s why we’re here to explain. In truth, they work in a much easier way.
It is always a good idea to read the terms and conditions. Even though they might be a little longer than you’d like, it’s better to know what you’re getting into than to be surprised by something bad.
Many trustworthy online crypto casinos are ready to give their customers a crypto gaming experience they will always remember. These companies ensure that everything they offer is good for the customer so that gaming is varied. Some companies go a step further and make special bonuses for games so they can have a chance to win even more cash.
Here’s how they work
Indeed, many online crypto casinos work similarly to traditional ones. The only big difference is that the process for transferring money, or “cashing out,” differs depending on whether the bet was successful.
For first-time players who want to try their luck at crypto casinos, the online casino gives them something called a “wallet” to put their cryptocurrency. The bet the casino will accept relies on how much money the player has saved. Often, a new player on one of the new crypto casinos will put up a starting “wager” from their pocket. Depending on how well they do in games after that, they may choose to win or lose that amount of money.
Sometimes, certain online crypto casinos give something called a “crypto jackpot.” Here, players have a chance to win as many as 500 cryptos. Once the Game ends, any money won is given to the player’s wallet. With this, the player can move it to their private cryptocurrency account while creating an account whenever they want, or they can gamble with it again.
One important thing to know is that a lot of online casinos have a limit on how much you can take out of your winnings. This is to keep customers from cashing out all their gains at once. So, before you choose to play online casino games using cryptocurrency, you should read the terms and conditions to ensure you fully understand how it works. This way, you won’t have to give up anything you don’t want to for your gains.
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How Secure Are Crypto Casinos?
Transactions are handled by blockchains, which makes crypto gambling safe. Blockchains are digital ledgers controlled by many nodes all over the world. Once your exchange with the casino is complete, your chosen token’s network will check to see if it’s real.
Once this transaction has been checked, its “hash” code is added to a block. This hash is then copied and recorded by the network nodes on all of the other blocks so they can be checked.
If you’re worried about hackers getting into these blocks, you should know that the blockchain is almost hard to break. For hackers to get access to your transactions and the tokens that go with them, they need to change all the details about this transaction in every block in the chain simultaneously.
They would have to simultaneously reach the system nodes worldwide, which is nearly impossible. Your deals with the casino are very safe because each one goes through a global open-network verification process that can’t be changed or controlled by a single entity.
Criteria Of A Safe Crypto Casino
Many casinos are available online today, but how can you determine which ones are legitimate? We have compiled a list for you that details some of the major aspects of a crypto casino’s website’s security that make it safe.
Good Customer Service
Customer support at safe crypto casinos should be friendly, easy to reach, and able to help immediately with anything you need. If a casino’s customer service is hard to reach or gives vague and confusing answers, you should avoid it. Scammers would rather confuse players than give them clear answers or help, which is what customer service teams should be doing.
Has Received Good Feedback From Other Players
Who better than people who have already played in an online casino to know if it is safe? The good news is that many players leave comments on sites that review casinos, so you can see if they are happy with the services. So, before you sign up and play on a site, read reviews from people you trust.
Offers The Right Payment Choices
These financial companies check out every company they work with because they want their brand to be protected by the right partners. A trustworthy crypto casino should have the same payment and withdrawal options as these companies. So, if the online casino you choose has this way or other trusted payment options like PayPal, you know you’re playing in a safe place.
But if the gambling site you’re on seems sketchy and only has a few ways to pay, it’s best to go somewhere else to keep your money and information safe.
Shows How Fair Its Games Are
The RTP and RNG of a game show how fair it is and, by extension, how fair a casino is. The Return-to-Player percentage, or RTP, is a mathematical number that shows how likely it is for a player to win in a game.
If this information isn’t under the screens or in the Game’s paytable or directions, it’s a sign that the casino crypto you’re playing in isn’t safe.
The Random Number Generator (RNG), is the algorithm in the Game that makes random numbers used to start winning or losing symbol combinations.
If a game doesn’t use an RNG method, it’s fixed, and you’ll never win, no matter how many times you spin the wheel. It’s harder to find a game’s RNG on the website or in the Game itself because they aren’t shown in the usual way and aren’t represented by a number.
So, ask the site’s customer service team about the RNG or find out if anyone has ever won the games. You can trust the site if either answer tells you exactly what you need to know about the RNG.
Works With Great Game Providers
You can also check if a crypto casino is real by seeing if it works with well-known and award-winning gaming companies. If they do, they go through the steps to give these games, proving they are real. So, before you play, check to see the site’s services. Find out more about these makers so you can have fun betting on games that can be shown to be fair.
The following are some great places to get games:
- Play’n GO
- Push Gaming
- Blueprint Gaming
- Booming Games
- Red Tiger Gaming
Received Certifications And Awards
Consider a crypto gaming site safe if it has won several awards and certifications. These two things are approval stamps on crypto casinos because they show that they have done the work to ensure players like you are safe when playing your favorite games.
Even if the site has yet to win any awards, it needs licenses and certifications from gaming authorities to show that it’s working legally.
What are the benefits of a Crypto Casino?
Players’ Anonymity and Privacy
One of the best things about using a crypto and Bitcoin game is that it gives players privacy and anonymity.
By not asking for personal information, crypto and Bitcoin gambling sites let players stay anonymous online. This keeps fraudsters and hackers from stealing their names.
It also means that players can enjoy all the benefits of online crypto casino games without worrying about their privacy being invaded or their names being stolen.
You get an extra layer of security when you play at a Bitcoin casino. This is because transactions are protected and decentralized, making it harder for third parties to access players’ personal information.
Fewer fees and faster transactions
Two big benefits of gambling with Bitcoin are that transactions are faster and fees are cheaper. Compared to standard payment methods, Bitcoin and crypto casinos have lower fees. Players don’t have to worry about the high fees that show up with using a credit card or transferring money from a bank.
Traditional and popular payment methods like credit cards or bank transfers can be slow and expensive for foreign transactions. But the good thing about Bitcoin gaming sites is that transactions can be done quickly, no matter where the sender and receiver are.
Traditional payment methods usually have much higher fees than cryptocurrencies. Since cryptocurrencies are decentralized, they don’t need third-party intermediaries like banks or payment companies.
Fair and Open Gaming Structures
Most online casinos keep important information from their players and keep a big part of what they win. Most of the time, this happens in real-life casinos, taking advantage of players who don’t know what’s happening.
A crypto and Bitcoin game put honesty first, making it hard to hide anything. The site for gambling with Bitcoins is easy to use, and players can notice any changes quickly.
Crypto gambling games offer a system that can be checked out thanks to blockchain technology. With this tool, players can check to see if their games are fair. There won’t be any fraud or scams because all the odds are real and clear.
In the past, there weren’t many online gambling choices for people who lived in countries with strict gambling laws. But the fact that Bitcoin and crypto gaming are easy to use has changed online gambling for people who live in countries with strict rules.
This makes it easy for players to play their favorite cryptocurrency casino games and Bitcoin slots, even if they live in a country that doesn’t allow them to or doesn’t have enough Bitcoins.
Cryptocurrencies like Bitcoin work on their own without the help of regular money. So, players don’t have to worry about exchange rates or fees.
After thinking about every aspect of crypto casinos, it’s clear that these platforms can give users a safe and fun time.
Cryptocurrencies, and reputable crypto sites use strong security measures to protect their users’ information and money. Also, blockchain technology ensures that gaming is fair and transparent, making these sites more reliable.
But, as with any online gaming, it’s important to be careful and gamble responsibly when using crypto casinos. This means limiting deposits, the amount of time spent gambling and getting help if needed. Overall, using crypto casinos carefully can be a safe and fun way to play online.
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Frequently Asked Questions
As you have already seen, many deliberations have been made since crypto gambling is a new thing. As of now, in 2023, here is a brief list of the top sites for Crypto Gambling –
1. Bitstarz – Overall, an amazing Crypto Gambling Site; Top Selling
2. BetUS – Offers Huge Bonus like $1,000
3. Betflip – With Big Bonuses and High Deposit Limits
4. Fortune Jack – Themed Online Casino Video Poker Game.
5. mBit – Most Popular Games added with Live Chat Options
6. 7Bit Casino – Recommended Gambling Site For Crypto Cashback
7. Bet Beard – Best Crypto Casino Gambling Site Which Gives Free Spin
8. GTBets – Amazing Offers of Megaways Slots
9. Jazz Sports – Best Site for Sports Betting
10. Bc.game – Top Gambling Website to Win Real Money
Here are the top cryptocurrencies accepted in crypto casinos –
The cryptocurrency market’s biggest mover is Bitcoin (BTC). Virtually all online crypto casinos accept BTC and offer Bitcoin-specific bonuses and awards. Players receive BCD (BC.Game’s native token) bonuses when they deposit Bitcoin on BC.Game.
Ethereum (ETH), the second-most popular cryptocurrency, is accepted at most crypto casinos we tested. Our top Ethereum casinos include Cloudbet, Wild Casino, and BetOnline.
The most popular meme cryptocurrency for retail and institutional payments is Dogecoin (DOGE). DOGE is not supported by all casinos evaluated due to its volatility; however, BetOnline, BC.Game, mBit, and Wild Casino accept it.
Litecoin (LTC) is a cheaper and faster option than Bitcoin for making payments. LTC is not as popular as Bitcoin, but most online crypto casinos take it.
5. Bitcoin Cash
Bitcoin Cash is better than Bitcoin because it makes payments cheaper and quicker. Also, the vast majority of Bitcoin casinos and Bitcoin casino games take it.
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As we all know, crypto gambling and normal online gambling have very similar terrain; therefore, like online betting, Crypto betting also allows you to have amazing and attractive bonuses. Here are the best rewards you can keep an eye out for –
1. Free Money
Online crypto casinos offer deposit match bonuses most often. A player’s deposit bonus is always proportional to their deposit. FortuneJack offers a 110% deposit match up to 5 BTC, so if a player invests $500 in Bitcoin, they get $550 in bonus currency to bet with. BC.New players receive a 780% match on their first four deposits at the Game.
2. Bonus Spins
Players can spend free spins on any slot games at the finest crypto casinos. Cloudbet demonstrates it perfectly. New Cloudbet players get 20 free spins on their favorite slot game. After meeting wagering requirements, players can claim earnings from slot table games and live dealers games.
3. Crypto Casino No deposit bonus
Some of the top Bitcoin casinos with crypto casino no deposit bonus incentives for new players. Players can join a Bitcoin casino with a no-deposit offer and gain cash or free spins without a deposit. Players can leave the casino when bored or out of bonus funds with a crypto casino no deposit bonus.
If you are wondering- is a crypto casino legal? then you are at the right place. This varies according to the specifics of each case and the laws of each jurisdiction. Although it is not generally against the law to gamble with cryptocurrencies, many online casinos avoid compliance with local laws by basing their operations in offshore countries such as Curacao and the Isle of Man.
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You won’t have to wait long before you can start having fun! Your payment provider will verify your deposit before it is shown in your account. It will happen as soon as possible. When depositing into your account, you can use any cryptocurrency wallet or one of the methods for paying at the best casino sites with fiat currency. Follow the steps displayed on the screen once you click the Deposit button in the top right corner of the website.