It didn’t take long after the rise of cryptocurrencies and their adjustment to the financial environment of the contemporary person for crypto casinos to emerge. People love gambling with regular money, why should crypto be different?
In time, it became obvious the new gambling industry type came with its own unique features as well as some benefits previously unimaginable.
So, what makes crypto casinos so special? This article will answer the question, simultaneously introducing you to the best crypto casino sites and helping you navigate them.
Why Crypto Casinos are on the Rise
We mentioned unique benefits that can be found in an online crypto casino compared to the regular ones. Here are the major factors that make online crypto casinos so desirable.
Accessibility
Online casinos can be accessed from anywhere, provided there is no clash with your country’s gambling laws and regulations which is something you should never ignore. Even if there is, the industry is so tremendously huge you will have no problem finding a casino that accepts players from your area.
Online casinos can be enjoyed from home. This may be a downside for some because it lacks the thrill of the living experience, but casinos are trying to make up for that by introducing live games, and, who knows, maybe even VR in the future. Also, the ability to participate from home may inspire some players that would have never joined otherwise.
Speedy transactions and lower transfer fees
Crypto payments are quicker than regular bank transfers, you can easily use them across borders if need be and the fees are lower.
More privacy
Even though crypto doesn’t make you fully invisible, it provides more anonymity by only requiring your crypto wallet address.
Safety
Online casinos use encryption to protect your data, AI to follow your profile in case of addictive behavior, and provably fair games that ensure the result of anything you play is fully random and doesn’t unfairly favor the casino.
Game Variety
Different types of games are constantly being added to the repertoire. Roulette, slots, table games, live dealer games, sports betting, and more. They are all supported by serious game developers and will satisfy anyone’s taste. Since the field is competitive, most casinos are willing to go the extra mile to embrace new additions.
Great support system
Online casinos offer multiple avenues for reaching out for help. 24/7 live chat, e-mail, phone number, and the FAQ section.
Some recent events, like the COVID-19 crisis, may have pushed online activity development, including the crypto casinos. People became more aware of certain threats concerning crowds, so they decided to switch to online equivalents.
How Crypto Casinos are Different from Traditional Casinos
We already listed some of the features that make crypto casinos unique. Apart from everything we described previously, the difference between crypto and traditional casino is in the possibility to deposit in crypto.
This is more convenient for some individuals. The anonymity and faster and cheaper transfers also play a deciding role. Still, for some, nothing can replace a live event.
Types of Crypto Casinos
The three major crypto casino types are distinguishable based on deposit/withdrawal methods.
The mixed casino allows mixing payment methods. You can combine crypto with regular money.
Exclusive crypto casinos only accept cryptocurrency, therefore, you cannot use any other payment method.
Anonymous casinos allow you to deposit from a hardware wallet as well as withdraw your winnings to the same place. This is the preferred option for players who want the utmost anonymity.
Casinos can be typed by bonus, like faucet casinos where you win small rewards, like drops from a faucet. These bonuses could be better in value but can be helpful to a long-term, consistent player.
Bitcoin Casinos
The pioneer Bitcoin holds a royal position in the world of casinos. As the oldest and most valuable crypto, BTC users can access the best types of bonuses. Some of the greatest Bitcoin casino names include Vave Casino, mBit Casino, 0xBet Casino, and Oshi Casino.
Ethereum Casinos
ETH follows BTC closely, being a very popular choice in its own right. Some of the best casinos that accept Ethereum are BitStarz Casino, Mystake Casino, Red Dog Casino, and Super Slots Casino.
Altcoin Casinos
The last, but not the least, the altcoin crypto casinos offer a variety of cryptocurrencies as a payment option. Cardano, Solana, BNB and many more. Some casinos even accept only altcoins. Many of them also own their gambling software which makes them more transparent to their players.
Altcoins generally offer more anonymity than the old cryptocurrencies which can be a huge benefit for some players. For the adventurous types, they represent a type of investment. You never know which one could explode and make you richer. Other advantages of altcoins are a more stable mining system and more security.
As exciting as altcoin projects can be, their ultimate downside is the high volatility of the crypto market and the fact that many casinos don’t accept smaller altcoins.
Tips for Choosing a Crypto Casino
Decide which cryptocurrencies you wish to own. We discussed some characteristics of Bitcoin and altcoins, but the final decision can only be yours. Based on the currency, you will have a certain amount of casinos at your disposal. If you want better bonuses, go with Bitcoin, you cannot miss it.
For more info on amazing BTC loyalty programs, here is a useful article. If you are in the mood for investment, try some smaller currencies. Every blockchain has its specific pros and cons. Study the background of a crypto project to see where its strength lies and whether this coincides with your priorities and values, whether it is safety, anonymity, speed, or something else.
Never forget to inquire about casinos license, and your country’s laws about gambling, and always consult ratings and reviews.
Conclusion
Recently, we have seen a boost in online activities, from digital payment to online gambling, possibly due to the COVID-19 situation. However, once people get used to a more convenient method of doing something, it is impossible to go back.
True, real-life experiences will always have value, but people will not ignore the numerous benefits they can get through online services. In other words, the crypto revolution as well as the crypto gambling industry will not disappear any time soon. Navigating the numerous crypto casino sites could be overwhelming and so is the process of researching and learning how to choose a legitimate and high-value casino. Hopefully, the useful information offered in articles like this one will make everything at least slightly easier and less intimidating for you.