Crypto gambling: how your favorite games are played with the blockchain
Participating in online casino games can be both fun and lucrative, but players often feel constrained by rules and regulations.
But the good news is that bitcoin and other cryptocurrencies have made online gambling more accessible than ever.
If you’re tired of slow payments and low privacy for bank transactions from your traditional casino account, it’s time to try alternatives.
Among the best is the best crypto gambling site Coinplay – best crypto gambling site. Payments at this cryptocurrency casino are completely anonymous and instant. In addition, you can play with more than 40 different cryptocurrencies. And choose from a variety of different gambling games such as: blackjack, poker, roulette, baccarat, dice and more.
Benefits of playing with Bitcoins
Modern online casinos are forced to obey many rules and regulations, which are dictated by reality. In this regard, the method of carrying out transactions at online casinos is strictly regulated. Thanks to the absence of all these rules, Bitcoin cryptocasinos have made life easier for those who like to play.
In fact, using cryptocurrency such as Bitcoin, Ethereum and many others, transactions on these sites are much easier than when using conventional fiat currencies. In addition, several other advantages of gambling with cryptocurrency and Bitcoins should be noted:
Decentralization
The biggest advantage of digital currencies is that most cryptocurrencies, including bitcoin coins, are decentralized. This means that if you own a cryptocurrency, your assets are not stored and controlled by the government or a bank, and you have full control over your funds.
Decentralization also means that your funds cannot be blocked for any reason, and you don’t have to worry about your account being frozen. When you play at a crypto casino, you can transfer money to your cryptocurrency wallet, it’s safe and no one will follow you.
Transaction costs
All types of businesses in the e-commerce segment need to make money in one way or another. When funds are transferred in a typical online casino, they go through intermediaries represented by banks who charge a commission. So every time a user withdraws or deposits or makes a transaction, a transaction fee is charged for that process.
As a result, when you deposit using conventional payment methods such as cards or bank transfers, you are charged a high transaction fee. This way, Bitcoin casino users stay on the plus side because cryptocurrency payments do not go through 3 individuals and are deposited directly from the user’s own crypto wallet, so crypto casino fees are very low or non-existent. This also means that when you play at such casinos, you are left with more winnings than at classic online casinos.
Verification process
Crypto Casino’s activity is transparent, which is very beneficial for users, as there is a public ledger where the progress of the transaction is shown. When you go through the verification process, you can thus prove that you have paid to the casino and that you have withdrawn a certain amount.
Global acceptance
Since neither governments nor banks regulate cryptocurrency, it is accepted worldwide without restrictions. It does not matter at all which country you play in. For any cryptocurrency payment, the rules are the same worldwide and there are no restrictions for any particular region.
Anonymity
Just like any other cryptocurrency transaction, online casino payments can also be done anonymously. Your transactions are visible to others, but only the amount, not your personal information. Most cryptocasinos simply allow users to play without providing any personal information. If you do not provide credit card or bank details, your transactions will not be recorded at these casinos.
How to choose the best Bitcoin casino
- In case you have certain cryptocurrency preferences, you should make sure that all the crypto casinos you want to play at accept your preferred currencies.
- Take a closer look at the various bonus offers. Some bitcoin casinos even offer free spins, others offer a corresponding bonus, and sometimes you can find a combination of both. We do not recommend too much influence on your decision, as bonuses only provide short-term benefits. However, if you find that two bitcoin casinos offer the same benefits, it only makes sense to choose the one with the best bonus.
- Familiarize yourself with the restricted countries for the casino you want to play at. You can do this by signing up or by visiting our casino reviews page and reading the highlights.
Crypto casino bonuses
Both fiat and cryptocurrency online casinos offer a wide range of generous bonuses. Therefore, you should make sure that you at least understand the basic terms and conditions before accepting bonuses. These are some of the main types of bonuses offered by the best crypto casino platforms:
Deposit bonuses
The two main types of bonuses are deposit bonuses and no deposit bonuses. The deposit bonus is what you will see most often. It is a percentage bonus where the value of the bonus depends on your first or first deposit up to a certain amount. Some bitcoin casino sites offer a more extensive play bonus that rewards you for your first deposits, not just your first. They are always worth reconsidering because you can take advantage of this offer for a longer period of time.
No deposit bonuses
No deposit bonuses are a very rare bonus offered by cryptocurrency and bitcoin casinos. It is a bonus that does not require a deposit. No deposit bonuses are usually smaller than traditional welcome bonuses. This is easy to understand as it does not require any financial commitment. To get the bonus, you just need to open an account and get the bonus without a deposit.
Free spins
Free spins are awarded as part of the welcome bonus or solely as an incentive for your first deposit as an alternative to the match bonus. In some cases or scenarios, they are offered as a no deposit bonus, i.e. without making a deposit.
No wagering bonus
A bonus without turnover is a bonus without turnover. This means that the bonus can be requested, used and then withdrawn without any requirement as to how often the bonus amount is used in the game. These bonuses and no deposit bonuses are the most popular bonuses that bitcoin casinos can offer players.
Reload bonuses
Many casinos also offer reload bonuses. These are bonuses for players who “reload”, meaning they make a deposit more than once. They are especially popular among cryptocurrency and bitcoin casinos, as many bitcoin users like to deposit more than once. These bonuses are very similar to regular welcome bonuses and often have similar wagering requirements etc.
Loyalty Rewards
Before you start playing at a bitcoin casino, you should familiarize yourself with the loyalty program and the benefits it provides. Most bitcoin casino loyalty programs are the same in that they offer rewards in the form of game points that can be redeemed for bonuses or credits. If you like to play with higher stakes, see if there is a VIP program for high rollers so that you don’t have the same program as those who don’t bet as much as you. VIP programs often offer much larger bonuses, birthday gifts, exclusive promotions, a VIP host and invitations to exclusive events. So don’t underestimate what a bitcoin casino loyalty program can do for you. It’s worth considering if you hope to become a regular customer.
