A Beginner's Guide to Crypto Casinos (2022)

What are crypto casinos?

More than 10 years ago and until recently, the digital currency was seen as something unusual and useless. It is worth remembering that in 2010, a US programmer bought two pizzas. He gave 10,000 Bitcoins for them. Just think how much that would be now! Only a spike in the price of Bitcoin, because of the attention it got from the owner of Zynga, changed the course of the history of the cryptocurrency. Since then, this type of currency has not only grown phenomenally in value but has become an instrument that is even recognised by the authorities in many countries around the world.

Blockchain is a special database that collects all the information about the transactions taking place within the system. Every blockchain user has access to it. This registry is not subject to any world authorities, which allows it to remain a decentralised method of payment. There are advantages to this, including:

• Complete anonymity, even to public authorities
• Impossibility to falsify transaction history (transparency)
• Increased transaction speeds of up to a few seconds and with minimal hold-ups
• Security thanks to cryptographic encryption.

While cryptocurrency has many positive qualities, it has very few drawbacks. That's why this payment method has become very entrenched in online casinos.

Needless to say, online operators were among the first to appreciate the benefits of cryptocurrency for betting? Such establishments have been called cryptocurrency casinos. The term refers to establishments that offer unique blockchain technology as a payment instrument. In true cryptocurrency gambling clubs, as a means of payment, there are no e-wallets, bank cards, prepaid cards, mobile payments, online payments, etc. In addition, there are so-called hybrid establishments. In them, cryptocurrency functions on par with fiat money, but they are not able to provide all the same benefits as fully cryptocurrency-based casinos. The main purpose of the latter is to maintain high transaction speeds and provide anonymity. That's exactly what a lot of people want, isn't it?

How to play at crypto casinos

Many users often deprive themselves of the opportunity to appreciate the full benefits of cryptocurrency casinos. They express the opinion that it is a long, difficult and confusing process to avoid. In reality, it's not all that scary. In essence, cryptocurrency casinos are not much different from regular gambling clubs. Let's take a look at the steps you need to take at a fiat gaming club before playing for money:

• Choose a reliable online casino
• Create an account
• Make a deposit.

When it comes to a cryptocurrency casino, however, the player's actions will be as follows:

• Find a reliable casino
• Create an account (there are even crypto casinos that have no kyc)
• Purchase cryptocurrency on exchanges with bank cards. There are many, but the most popular are Binance and FTX
• Deposit cryptocurrency into a casino account.

As you can see, in the second case, only one action is added. It is, if you understand it, not very difficult. You simply purchase a certain amount of Bitcoin, Litecoin, Dogecoin, etc. with your own real money. The purchased currency is then transferred to the casino account. That is all there is to it.

There is a wide range of crypto casinos to choose from. You should understand that you should not trust the first one you come across. Only a reliable operator aims to do its job honestly. If you become a customer of a dishonest operator, there is a high risk that you will be refused the payment for some far-fetched reasons. Take this matter seriously.

Cryptocurrency gambling clubs are notable for their quick registration. It won't take you more than a few seconds to open an account that can be used to fund it. In all likelihood, you will only be required to provide an email and come up with a strong password. Note that I have now described how to sign up for a cryptocurrency casino. If your choice goes to a hybrid in terms of payment systems, registration can be just as time-consuming as on the usual gaming sites. 

The next step is to purchase cryptocurrency if you have never used it before. This is what exchanges and exchanges are for. The process is essentially the same as funding a casino account. The only difference is that after you transfer the amount you choose, the cryptocurrency is deposited into your account. All you have to do now is to transfer it from your crypto exchange account to your casino account in the same way that you would use for centralized payment instruments.

Deposit methods at crypto casinos

A crypto casino is a gaming club that accepts at least one type of digital currency. The first of these was Bitcoin. This currency is still considered to be the most important payment option at any crypto establishment. Full-fledged gambling establishments go further and offer a wide range of currency denominations. The most common, apart from Bitcoin, remain:

• Ethereum
• Litecoin
• Bitcoin Cash
• USDT
• Binance Coin
• Cardano

Buying any of these currencies is a matter of 5 minutes and a small commission. Cryptocurrency, in addition to all its advantages, attracts minimal fees. While the usual payment systems charge a percentage of the payment amount, there is no such thing as cryptocurrency. You can deposit a huge amount of money and pay only a few dollars for it.

To make a deposit in any of the listed cryptocurrencies, we go to the cashier casino, select the name of the digital currency from those available and copy the unique crypto wallet address that pops up. This is the address you need to enter in your personal crypto wallet in the recipient window. This is how the money will arrive in your crypto wallet in the casino. Keep in mind that, unlike standard payment systems, this option does not guarantee instant transfers. You may have to wait 10-15 minutes due to the large number of transactions taking place inside the blockchain.

Once the money is in your account, you are free to make your own choices. You can accept bonus offers, or you can go straight to playing for real money. If your choice stops at a full-fledged crypto casino, the entire game range is guaranteed to accept digital currency wagers. The number of such games continues to grow all the time, as the providers themselves have appreciated the importance of this payment option in casinos.

Crypto casino games

Every new online casino with cryptocurrency acceptance primarily focuses on games that are popular in their chosen geographical area. This is much easier and more profitable. For example, it is still preferable to offer games such as Andar Bahar, Dragon Tiger, and Pai Go, rather than blackjack and roulette to the Asian market. Only after the operator gathers a large number of regular players will it begin to expand the catalog of games. This is to ensure that customers don't get bored with the existing games. This way they will keep coming back to their usual place again and again in anticipation of novelties.

Of the variety of crypto casino gaming content available, the most popular in most geographical areas remain:

• Bitcoin slots. Slots remain preferred by a large number of players. They are appealing for their colorfulness, simplicity of rules, fairness and much more. Slots were the first games that could accept cryptocurrency bets
• Crypto Roulette. Roulette remains the most popular casino game. Not surprisingly, it has migrated from real gambling clubs to online, with both RNG and Live versions. At the same time, this type of game at most providers is able to accept cryptocurrency bets
• Crypto Blackjack has undergone the same transformation as roulette games
• Crypto Live Games are another surprisingly interesting type of gambling in crypto casinos. Live rooms attract with their atmosphere, the presence of a real croupier just like in a regular gambling club, as well as a great variety of games.

These are the games that are guaranteed to attract the majority of players, regardless of where users are located. No land-based casino sells chips or allows you to bet on slot machines for cryptocurrency. Here, on the other hand, you are free to bet any amount, from very low to very high. This has also contributed to the popularity of blockchain technology in online casinos.

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