In the subheadings that follow, a concise guide for parties interested in taking the Bitcoin gambling plunge gets presented. Over the past decade, crypto casino gaming has evolved tremendously. Platforms offering digital coin-fueled fun have morphed from rudimentary sites with only one provably fair game to robust hubs featuring catalogs of thousands that they have paired with generous promotions.
According to some estimations, the current figure of online casinos on the Web stands above three thousand. Every month, the number of crypto gambling websites swells as new ones pop up and established brands move into accepting virtual currencies. Hence, for those wanting to test their luck on classic and unique games of chance, here is a short list of criteria they must remember when selecting a BTC casino they see as the right fit for them.
Regulation & Data Security
While many lay online gamblers think that Bitcoin casinos do not get licensed by established regulatory bodies, that is not so. Most of the best Bitcoin casino sites in existence have gotten approval to run their operations internationally from Curacao-based bodies like Antillephone and Gaming Curacao, or by Panama’s Gaming Control Board. Alternatively, some country-specific regulators like the UKGC allow their licensed operators to accept cryptos. So, it goes without saying that around 95% of the best cryptocurrency casinos found on sites like cryptocasinos.net have gotten some organization’s seal of approval, following predefined rules regarding what their services entail.
For example, all licensors require that their licensees follow famous data protection regulations, implement high-end firewalls, and have at least 128-Bits SSL encryption. Thus, it goes without saying that if a Bitcoin casino site has a trustworthy regulator’s badge in its footer that it should have all the characteristics mentioned here.
Yes. Many people use Bitcoin casino as an all-encompassing phrase appropriate for all gambling sites that accept crypto deposits. Operators have also adopted this wording as it is a simpler way to communicate to the general public that they are crypto-friendly. Still, a platform calling itself a Bitcoin casino will likely offer other coin options for gaming action. Moreover, these hubs often also feature fiat payment methods.
Ideally, the perfect Bitcoin casino will have a cashier tab rich with crypto and fiat picks. Dozens of them, so that all gamblers can use their favorites. Concerning fiat options, credit cards usually take the longest to process, up to five banking days. E-wallets have the fastest speeds, with withdrawals through them getting completed in twenty-four hours. On the crypto side, Bitcoin transfers can take up to an hour to complete, while Ripple transactions happen in seconds.
In short, the more payment choices a casino has, the better.
Diversity is king in virtually all departments of online casino gaming. That is naturally valid regarding promotions. One thing that all internet gamblers can agree on is that Bitcoin casinos not only offer more generous promos than standard gambling sites. But they also feature more unique ones.
On top of the regular sign-up and reload deposit matches, cashback deals, free spins, and sector usual VIP perks, such as a personal account manager. Bitcoin casino sites also often offer mystery chests, chat rain, free faucets, lottery draws, various betting competitions, and more. Chat rain and free faucets are excellent ways for newbie crypto gamblers to get familiarized with titles that have caught their eye for free, with looming real money prizes.
Gamblers can get loads more bang for their buck, so to speak, if they opt to select a crypto casino. The amount of on-the-house gambling they can do on these platforms does not compare to what is available at fiat hubs.
Decent Game Selection
In the past, a Bitcoin casino would only house one game, usually crypto dice, Crash, hi-lo, or Plinko. These utilized provably fair algorithms that allowed site users to check the validity of their gaming round’s outcomes. Many BTC casino platforms still offer proprietary versions of these products, plus ones like minesweeper and traditional table classics.
However, licensed Bitcoin casinos have recently branched off into incorporating live dealer choices, lottery-style picks, advanced slots, virtual video poker machines, and more in their lobbies. Today, it is par for the course for a Curacao-regulated Bitcoin casino site to have more than a few thousand games in its product arsenal. Therefore, the gaming robustness of these platforms cannot get overstated.
Responsible Gambling & Customer Support
It is paramount for anyone participating in any gambling activity that they do so responsibly, keeping their impulses in check. Now, that is not possible for everyone since some humans’ brains have gotten hardwired to engage in risk-seeking behavior. That is why any respectable casino should put their users’ interests in front of their quest for profits and feature responsible gaming measures such as self-exclusion and the ability for gamblers to set loss and deposit limits.
A decent chunk of regulated Bitcoin casinos feature these options, with the cap measures found in a user’s profile page, and self-exclusion is often only available upon contacting the site staff with such a request. While on the topic of customer support, nowadays, no platform should be without a 24/7 live chat window and email help. An FAQ page is also a must, but it is not the end of the world if a platform has one that is not extensive, that is, if the 24/7 and email support offered is up to par.
Gaming in Secret
A popularly-held belief is that Know Your Customer checks, identity verification ones, have thrown the option to gamble anonymously over the internet out the window. That is accurate for sites requiring their player pool to follow and complete these processes before they get their winnings. Though, several Bitcoin casinos choose not to request that their users provide ID documents, despite having a credible gaming license. Readers should understand that this is often a choice, not something that gets mandated by licensors. Operators select to implement KYC checks to keep on the good side of the law in most regions. They do this as a precaution so that they don’t run into issues with financial institutions and law enforcement authorities in various territories.
Also, dozens of provably fair casinos, with simpler games and no license, have no KYC. Many of these have been operating in this sphere for years, on quality word of mouth alone. In some instances, a few of these platforms are more reliable than top brand-regulated ones.
To Wrap Up
Bitcoin casinos are now more content and promo-rich platforms than fiat gambling sites. They deliver more gaming variety and attractive promotions while boasting the same security and payout credibility as their real money counterparts. That said, it is vital to note that regardless of what type of hub players choose to call home, they should always research their selected operator and gamble responsibly, only playing with funds they can afford to lose.