There’s a new trend that’s being discussed and reviewed across multiple online casino reviewing websites. Everyone seems to be very interested in this new form of gambling and betting! And we decided to take a closer look at why more and more people are interested in indulging themselves in this form of betting!
Cryptocurrency Betting – What Is It?
The buzzword that’s surrounding the online casino industry is cryptocurrency betting. This is the use of what is referred to as digital coins to place different bets at the different online casinos instead of the traditional currencies.
There are different types of cryptocurrencies online, including the following ones:
Just as you would be playing your typical online casino game using real cash, there are numerous online cryptocurrency casinos, masses of bonuses and promotions as well as games available to bettors. The only differentiating factor is that you’ll be playing using this innovative digital currency.
Bettors who happen to have played at any casinos supporting a cryptocurrency before can be a little tentative to try using any of the listed cryptocurrency above to bet and this can be worse especially if they’ve ever made a simple Bitcoin transaction.
The truth of the matter is, what’s holding most players back from trying to gamble at the cryptocurrency casino is the fear of the unknown!
However, betting with the cryptocurrencies couldn’t be easy and straightforward and even though it’s true that these digital currencies are subjected to price fluctuations more often than the traditional currencies, this only fuels the excitement of bettors. If you are therefore still having your doubts and fears of signing up at a cryptocurrency casino, more especially in a site that supports Bitcoin, this guide should help you see why you should start making your deposits in Bitcoin ASAP!
Bitcoin is one of the man cryptocurrencies that you are bound to come across online. However, unlike the other cryptocurrencies, it is the most popular and oldest. It was developed in 2008 by an unknown person who referred to himself as Satoshi Nakamoto. In 2009, the founder introduced it as an open source software allowing peer to peer transactions to be carried out.
This means that there’s no centralized bank or government that controls or monitors Bitcoin. In fact, the whole Bitcoin structure has been designed for everyone in the blockchain to see all the transactions but still protect the identity of the people transacting.
What Things to Consider before Choosing a Crypto Casino
Nobody wants to burn their money and fingers by falling prey to the numerous online casino scams. While the number of scams has decreased since the industry was regulated a few years ago, there still are so many potential rogue websites especially with the increasing number of Bitcoin and cryptocurrency related casinos.
In order to help you with making sound and sensible choices, we have compiled a list of things that you should consider when selecting your preferred crypto casino. We also have crypto casino review sites that we feel every new player in the industry – as well as the veterans – should try out!
1.. Look for a site that accepts players from all over the world
This is especially useful to all the players who frequently travel the world because you might be in a country where gambling and betting haven’t been legalized and thus hinder you from accessing your funds or prevent you from placing your bet online.
The reputation of an online casino is very important to you as a player! How can you play at a casino that has negative reviews across multiple crypto casino review sites? Of course, you wouldn’t want to risk your hard earned cash without any assurance that you will get your winnings in the event you happen to win.
Therefore, the best thing to do is always choose a site that has a well-established reputation. A BTC casino that is known for offering very fair and audited games only!
During the advent of online casino gambling, the websites didn’t have any licenses because there were no bodies set up to regulate and ensure that all the services these sites offered were truly fair and safe. The result was players lost so much of their money, directly through some of the rogue casinos or hackers obtained information from the sites without their knowledge.
However, we are now lucky because some bodies and jurisdictions have put up very strict rules that all sites have to adhere to before they are licensed and certified as fit for players to access. Wise players will only choose to play at licensed and regulated Bitcoin casinos.
4. Bonuses and Promotions
With the increasing number of crypto casinos, there also has been an influx of competition in the industry. This competition seems to not only favour the sites, but the bettors are also bound to benefit from it. How? While casinos get to register more players, the players themselves get to benefit from the perks used by the sites to encourage them to sign up.
It, therefore, goes without saying that you should only choose a site that has the best bonus offer. Before creating an account at the site, compare what it has to offer in terms of bonuses and regular promotions and settle for the one with the best deal!
5. Variety of Games to Choose From
Not all the Bitcoin casinos have the same number of games to offer their players. While others might have as many as 1000 games in their portfolio, others only have a handful of games for you to choose. It is obvious that the sites offering more than 1,000 games have a variety of games for you including slots, table games, card and casual games. What’s better is that you can choose to play some of these games for free before you can actually commit some real cash to it!
Advantages of Using Cryptocurrencies Online
Below are some of the advantages of using any of the cryptocurrencies above over the traditional forms of payment.
Safety and security – Chances of counterfeiting or theft are very minimum when using the cryptocurrencies.
Faster and secure – Cryptocurrencies use what we refer to as the blockchain technology in order to process all the payments. The advantage of this is that all transactions are conducted within a few minutes to two hours using a highly sophisticated code!
Lower fees – Since there are no third parties involved when compared to the traditional payment options, all deposits and withdrawals are charged minimum fees
Which Are Some of These ‘Best Bitcoin Casinos’?
There are a few hundred casinos that accept Bitcoin as a method of payment. Some exclusively support Bitcoin and other cryptocurrencies, or others have only recently integrated the cryptocurrencies to their platforms. This means that you can choose to either use the cryptocurrencies or choose from the traditional payment options.
To make things easier for you as you start to play using BTC or any other cryptocurrency for this case, we’ve highlighted some of the sites you should visit first. They include the following:
Play Ojo Casino – It’s a relatively new online casino website in the industry and not so many people know about it. In addition to supporting Bitcoin as a payment method, it also has more than 500 games in its portfolio powered by some of the top software developers. Discover also seamless mobile gaming on the move with the site’s mobile-friendly website, which will undoubtedly blow your mind!
FortuneJack Casino – Surely, FortuneJack Casino might be considered to be one of the largest websites online, but what most people fail to realise is that it has achieved that fete because of the large collection of games it has to offer plus the extra promotions and bonuses that both new and regular players benefit from. If you are new to the online casino scene, we’d recommend that you sign up at the site for a chance of claiming your fair share of the 5BTC bonus + 250 free spins.
mBit Casino – It’s one of the new kids on the block that offers bettors a wide range of video slots and table games from reputable and respectable software developer brands such as NetEnt, Microgaming, Betsoft among many others. But casino games isn’t the only thing that the site has to offer its players. When it comes to the payment options, you can choose to use cryptocurrencies such as Bitcoin, Litecoin, Dogecoin and Bitcoin Cash in addition to the traditional forms of payments. This ensures it accommodates players with all preferences without discrimination.