The Rise Of Crypto Casinos
Latest posts by Dean (see all)
- 5 Key Reasons Why Your Business Should Accept Bitcoin - July 3, 2019
- Bitcoin Payroll: How to Obtain Your Paycheck in Digital Currency - May 28, 2019
- Why Blockchain and Remanufacturing Are a Perfect Match - May 8, 2019
Recent times have started to see Bitcoin and in general cryptocurrency casinos become more and more visible in the online gambling industry. At first, casinos would look at adding cryptocurrencies as an additional option in terms of banking and transactions. However, this has now progressed to where, in addition to online casinos accepting cryptocurrency as a form of payment, we are now seeing crypto only online casinos.
It is quite noticeable that many crypto casinos are advertised as ‘Bitcoin casinos’, but this does not always mean that they only will accept Bitcoin. As many of these casinos are now starting to accept other forms of cryptocurrency such as Litecoin and Etherum for example.
And now, with the real opportunity for anyone to launch a cryptocurrency casino, several of these brands are now appearing. Thus creating more competition out there, and leading to improved sign up bonuses being offered to players, as well as all aspects of the service being pushed to another level.
These casinos aren’t vastly different to established online global entities such as https://casino.partycasino.com/en in terms of gameplay, once the user has deposited with their chosen currency. In fact, you can expect to see traditional slot and table games on these crypto sites. However, one difference that is noticeable is the transparency of crypto casinos in terms of fairness and displaying the odds of their games.
There is now a large amount of ‘Bitcoin casinos’ and gambling platforms now to choose from. One of the oldest ones out there is mBit, which adheres to the gambling requirements of Curacao, making it a legal entity. At the moment this site does only accept Bitcoin, however it has a constantly evolving selection of games to choose from and a hefty deposit bonus to take advantage of.
Another popular Bitcoin casino at present which is widely respected is BitStarz, which also falls under Curacao jurisdiction. BitStarz has over 1000 games and supports many different altcoins and other mainstream payment methods. Their customer service is regarded as one of the site’s main selling points As well as a web-based chat, they also frequent social media and Reddit to engage with customers.
Other crypto casinos that accept other forms of crypto as well as Bitcoin include Fortune Jack. These guys not only accept currencies such as Dogecoin and Litecoin, but Ethereum, ZCash, Dash and Monero as well.
It is actually fair to say that the cryptocurrency industry wouldn’t have reached the level it has now, without the emergence of Bitcoin. And thanks to bitcoin, other cryptocurrencies within online gambling and numerous Bitcoin casinos have now achieved immense success. As a consequence, players have benefited, with sites now are able to provide faster payouts to players, instant deposits and a much more seamless user experience. Plus, because crypto payments are irreversible users don’t have to wait around for lengthy KYC checks to be completed, which can be very appealing to players.
It is important though that before signing up to a crypto currency service, a player still adheres to the same levels of caution that they would whilst playing at a standard online casino, which accepts fiat currency. It is vital to check reviews, know your limits whilst playing and so that you have the best online gaming experience possible.