What to Look for in the Crypto Casino Industry?
With cryptocurrencies making a massive impact in numerous industries, it’s already changed the way that we work and carry out our pastimes. In the case of cryptos casinos, what are the key points that you need to look out for when looking at how this industry has adapted to the crypto revolution?
The Tokens That Are Accepted
If you’re looking for a crypto casino, the first thing you’ll want to know is what tokens you can use there. There are no industry-wide rules for this, as individual casino operators can simply choose to accept the currencies that they’re most comfortable with.
However, you’ll generally see Bitcoin (BTC) accepted, as it’s still regarded as the most popular token as explained here by FinTech Magazine. Others that are commonly accepted include Ethereum (ETH), Bitcoin Cash (BCH), and USD Tether (USDT). Look at the list of payment options to make sure the casino you select has the token you want.
How does it work when you move some money across to one of these casinos? The most common approach is to convert your cryptocurrency into your local fiat currency, such as US dollars, euros, Australian dollars, and so on.
This means that any volatility in the crypto market won’t affect you while you’re playing. If you have some winnings to collect, you’re then faced with the choice of converting to your favorite crypto and sending it back to your wallet or keeping it in your fiat currency.
The List of Games
If you’ve never played in an online crypto casino before, you’re probably wondering what games to expect from it. Well, the truth is that these sites have similar games to the land casinos you might be familiar with, as well as other online casinos.
In fact, the crypto casino industry meshes with the traditional casino business very closely. You’ll find that the same casino sites that accept BTC and other tokens will also accept fiat currency deposits, so these sites aren’t exclusively for cryptos.
This means that you find a wide range of themed slots. These are simple games of chance where you try and get a line of matching symbols to trigger a bonus feature. With themes such as pirates, Vikings, and sports, it’s a highly varied part of the casino industry where you can find many different games. Another example can be seen in how you can play the likes of crypto blackjack at Joe Fortune. You’ll find a selection of different blackjack games to play in this way, with the overall aim of reaching 21 without going bust. The rules vary between versions, in terms of areas such as the number of decks of cards used and when the dealer must stand.
Other classic games you can expect to see include baccarat, poker, and roulette. They tend to come in several different versions, including the chance to play a live-streamed game with a human dealer who appears on your screen as the game progresses.
The Security and Safety
The decisive point is going to be the most important for many players, as it concerns the safety aspect. In general terms, the online casino industry has been a leader in terms of security, as they use the latest data encryption technology to make it almost impossible for hackers to access sensitive information.
The crypto casino industry has added to this safety by allowing users to benefit from the security offered by digital tokens when they take care of them properly. Considered to be the most secure way of handling money currently available, cryptos give you a high level of protection when moving money online.
What about the fairness of the games? This is guaranteed if you use a reputable casino that only has games from the industry’s leading game providers. They use random number generators to provide a completely unpredictable outcome every time you place a bet.
Therefore, we can say that the crypto casino industry is completely safe and secure because it combines the best of gaming and cryptocurrency technologies to provide a modern casino experience that you can trust.
What Can We Expect in the Future?
New games are added to these casinos regularly, as game developers find interesting features and themes to add to the general gameplay. This should continue and will lead to the industry diversifying further.
The addition of new cryptos that are accepted by casinos is more difficult to predict. Currently, these sites tend to accept only the most popular tokens that a great level of demand exists for. Any new token would have to prove its worth over some time before being added, with this list from Investopedia of the most popular tokens giving us a few names to consider.
In summary, we can say that the crypto casino industry has added to the casino experience by adding a new type of technology to it without changing the basic way that these games are played.
***
DISCLAIMER
The views, the opinions and the positions expressed in this article are those of the author alone and do not necessarily represent those of https://www.cryptowisser.com/ or any company or individual affiliated with https://www.cryptowisser.com/. We do not guarantee the accuracy, completeness or validity of any statements made within this article. We accept no liability for any errors, omissions or representations. The copyright of this content belongs to the author. Any liability with regards to infringement of intellectual property rights also remains with them.