What Factors Should You Consider When Choosing a Crypto Casino?
4 minutes
Posted by: David
Deciding to use bitcoin for online gambling can make certain things easier. For one, transfers are much faster, especially when cashing out.
Bitcoin online casinos offer significant advantages if you carefully choose the site to play on. We have prepared some tips to help you avoid some common mistakes during this process.
The Game Selection
Most online casinos that allow playing for cryptocurrency cooperate with several software manufacturers. Hundreds or even thousands of gambling games from leading providers and young studios are available at such sites.
You can play slots and roulette, blackjack, poker, video poker, craps, and other games.
Many of these sites also offer a live casino with real dealers. There are also slots with progressive jackpots and frequent tournaments to make your gaming experience better and more rewarding.
What Currencies Are Accepted
Despite bitcoin being the most popular option, operators are actively introducing other virtual currencies for payment. These are some of the most common ones out there:
Ethereum (ETH)
Ethereum is another of the “crypto-titans,” second only to bitcoin. Ethereum is slightly different in its underlying technology and was built as a smart contract platform for developers to create decentralized applications known as Dapps.
Many other cryptocurrencies use the Ethereum platform to power their currencies. ETH is another popular and accepted form of payment on many crypto-gaming sites.
Litecoin (LTC)
The currency has been in use since 2011. Transactions are commission-free and take no more than 2 minutes. The service is completely anonymous.
DASH
The platform has been in operation since 2014. It has received good reviews for confidentiality and the ability to instantly make a payment.
DOGE
The launch of the cryptocurrency was planned as a joke but eventually grew into a successful project. Tokens symbolized by the Shiba Inu dog are accepted in many casinos.
TRX
This cryptocurrency is based on an entertainment blockchain platform. There are gambling sites that operate entirely based on TRX.
If you're new to cryptocurrencies and want to educate yourself on this hot topic, you can find more information here.
Do They Have a Good Reputation
The amount of cryptocurrency capitalization is an important factor that an investor considers when deciding to buy it.
The rating and values of cryptocurrencies are constantly updated since their capitalization changes due to the market situation and events related to each particular coin, such as news regarding regulation and blockchain technology in general.
Capitalization is an important indicator that signals to the investor the level of popularity and development of a cryptocurrency. The popular service Cryptocasinoslist.io can be a source of such information.
Mobile App Quality & Availability
Nowadays, it is difficult to imagine a modern person who does not have a cell phone or a tablet. Naturally, Bitcoin online casino site developers took care of mobile versions and apps.
Playing on mobile devices through apps has unexpectedly become the most common way to enjoy online casino games and mobile poker.
Check for Licensing
If you want to ensure online safety and have confidence that you are playing at an honest and safe casino, your first step is to make sure that the casino is licensed and regulated.
However, when playing at a regulated bitcoin casino, you must register and verify your personal information. This would create a problem only if you intended to play completely anonymously.
There Are Different Bonuses
The two main categories of bonuses are deposit matches and no deposit bonuses. The first and most common Bitcoin bonus is the traditional deposit match, where you get a certain percentage bonus tied to your first deposit, up to a maximum amount.
Some Bitcoin casinos may even offer an entire welcome package that gives you a bonus on your first few deposits.
The second and less common Bitcoin bonus is the no deposit bonus. In this case, you get a small amount of “free money” just by signing up, which you can use to try out the casino.
Another type of general bonus offered by regular and bitcoin casinos is free spins. These can be part of a welcome package that is awarded when you make a deposit or even when you have free spins with no deposit.
Deposits & Withdrawals
Making a deposit at a crypto casino is easy. Just go to the Cashier and select a deposit. Various deposit options will be presented to you. Choose the one you want and then follow the instructions.
If you make a deposit with crypto, the casino will give you their wallet address or even a QR code that you can scan with the wallet app.
Just like a regular casino, bitcoin casinos offer an almost identical process for withdrawals. Go to the Cashier and select “withdrawal” to start the process.
You will then be prompted to specify where you want to send your bitcoin winnings. Here, you need to enter your wallet address (not your password or public keys).
You must enter your wallet address accurately because if your funds are sent to the wrong address, the transaction cannot be reversed. Submit your request, and Bitcoin Casino will process your withdrawal.
