Online casinos are no doubt a popular pastime for many these days. However, for those looking to get into this hobby for the first time, it may get a bit intimidating when it comes to selecting a platform to call home. That particularly holds concerning Bitcoin casinos available on sites like crypto casinos, as some discrimination still exists regarding coin-based gambling.
Despite this section of the interactive gaming industry running for over a decade, many uninformed individuals view Bitcoin gambling as shady or nefarious. The truth is that, nowadays, crypto gambling is virtually identical to fiat gaming, security-wise.
The top operators offering such services get licensed and overseen by reputable international bodies, and they pay massive fines for not looking after player interests. Regardless, some people remain wary concerning BTC casino betting. To remove these fears, here is a concise guide on this topic. It aims to inform how parties interested in this activity should go about choosing a trustworthy Bitcoin casino site.
Licensing & Security
As touched upon in the intro above, top-end regulators like Curacao Gaming, Antillephone, Panama’s Gaming Control Board, and eGaming Curacao license high-end crypto casinos. These organizations implement many standards that European gaming regulators like the UKGC and the Swedish Gambling Authority ask of operators. That includes SSL encryption requirements, modern firewalls, and advanced privacy policies with high-tech data handling procedures. So, a top-ranked BTC casino is a secure place to gamble where no one should have massive doubts about their data’s security.
Payment Variety
Yes, a crypto casino accepts virtual currencies, but it can also allow users to deposit via fiat payment methods. Credit/debit cards are among the safest options available, allowing transfers to go through in three to five working days. Bank wire transactions are even more secure, though they incur wait times of a week or more.
Cryptos, such as Ripple and Solana, on the other hand, can facilitate money transfers in a few seconds. E-wallets, which can do the same in a few hours, are the closest method in terms of speed to digital coins. When assessing a platform advertising itself as one of the best Bitcoin casino sites, remember that more payment variety is essential.
Promo Offers
Deposit matches are online casino gambling mainstays, and they get featured at both fiat and Bitcoin casinos. However, concerning the latter, they deliver far more promo variety on top of these staple bonuses. At medium to high-end crypto casinos, gamblers can expect to see loyalty schemes boasting cashback deals, mystery chest rewards, chat rain, free faucets, lottery draws, social media giveaways, and more.
As a rule of thumb, most Bitcoin gambling sites seek to reward on-site interaction as they believe that creating a sense of community drives gamblers to stay and play due to them forming a sense of belonging.
Diverse Game Selections
At the start of the crypto gambling sphere, the only gaming products on sites offering coin-based betting were provably fair ones such as dice, crash, Plinko, mines, and limbo. Naturally, many operators developed rudimentary games that accepted virtual money. In 2014, Antillephone decided to begin regulating Bitcoin gaming, and from that moment, modern slots came into the crypto gambling fold.
Today, several credible regulators license and monitor Bitcoin platforms, and it is fairly standard to stumble upon hubs from this category hosting several thousand titles. Such websites have reel spinners, live dealer tables, RNG-powered ones, virtual video poker machines, arcade shooters, lottery-style choices, and more. They essentially have every game type found at land-based venues and fiat gambling sites. Except they host many, many more than both.
Responsible Gaming & Support
Players who choose to continuously bet despite knowing the consequences that may come with them overindulging in this activity are referred to as problem gamblers. Impulse control is at the root of this issue, and this disorder is almost neurologically identical to various substance control problems that people face.
Operators try to be considerate to people who have a propensity for betting more than what they can afford to lose. That is why many of the best cryptocurrency casino platforms have responsible gambling measures that users can set on their profile pages. These allow them to control how much they deposit and bet and how long their sessions last, stopping them from overstepping their means. Responsible gaming is something now that everyone promotes, operators and regulators alike, and it starts with proper bankroll management.
Secretive Gambling
Yes, it is accurate that many Bitcoin casinos still allow anonymous gambling. Know Your Customer procedures have become prevalent in this industry. But a bit of info that many casual players don’t know is that many international regulators do not have to enforce them. They can forego them if they believe that it will benefit them. Of course, many opt against this as it can lead to these operators encountering legal problems in various jurisdictions. Still, some do this, knowing that few countries will bother to press legal action against sites based abroad.
Many provably fair gaming sites providing dice and crash action are still alive and well on the World Wide Web, running with no license, and operating on a good-faith basis with their clientele. They also permit anonymous gambling, letting gamblers sign-up to use their services without asking them to supply personal information.
Final Bit of Advice
Famous Bitcoin casinos are super like renowned fiat online gambling brands. The difference between these is negligible regarding payout processing, security, and regulation. Aside from third-party dispute resolution Bitcoin casinos undoubtedly dominate all other categories. They deliver a less restrictive gaming experience while showering gamblers with lucrative bonuses and loyalty perks. If someone has a crypto wallet packed with coins and a love for games of chance, there is no reason why that individual should visit regular online casinos at all. Crypto ones are the way to go, as they offer more bang for anyone’s virtual buck.
