Bitcoin casinos are proving time and time again to be taking over the online gambling industry. With more and more Bitcoin casinos appearing, this article will run through what should be considered before choosing an online casino.
Fixed Odds Games
It will often be found with Bitcoin casinos like BitcoinCasino.io are transparent with the odds of their games. Compared to conventional online casinos, they often offer provably fair algorithms to their games, and believe it or not, often actually tell the user those odds. It is good advice to find casinos that are the most transparent, as then you can look for the game that has the lowest house edge.
Top tip: Blackjack often offers the best odds with the smallest house edge.
Due to the global nature of Bitcoin casinos and reasonably low barriers to entry, it is difficult to determine whether they are secure. There are many casinos popping up that are deemed sketchy, so it is best to look for the established sites that clearly state their business licenses. Approved companies can also often be found on government regulatory websites.
Top tip: It is always worth checking if the website has SSL encryption.
After you have filtered out the unsecured platforms and the websites that aren’t transparent regarding their game algorithms, it is now the fun part: to look for the platform that is currently offering the best bonuses.
Luckily for users, Bitcoin casinos are extremely competitive, and as a result, they fight to have the best and most lucrative offers available to entice new gamers.
Top tip: “Free spin” promotions generally have low payouts.
Bitcoin Is Not The Only Option
Bitcoin casinos do not necessarily mean they only accept Bitcoin. Many casinos are beginning to accept Ethereum, Bitcoin Cash, Litecoin, among others. This allows users to not have to convert their cryptocurrency to Bitcoin if they have other preferences. Additionally, it doesn’t make too much of a difference to the casino, hence why they are increasingly offering the use of altcoins, because all currencies are separated in the in-house wallet regardless.
Top tip: Search for the casinos that offer a quick withdraw – most do!
Bitcoin is providing new opportunities to the gambling industry with many of its advantageous features. Bitcoin casinos are rapidly growing worldwide. Here is what you need to know.
Like any traditional currency, Bitcoin requires a repository for coins to be stored. There are various types of Bitcoin wallets, such as hardware wallets, online wallets, and software wallets. Having set up your wallet you will be given a Bitcoin address – this will be used when withdrawing from casinos.
Having received your address, you need to purchase your Bitcoins from another Bitcoin holder or a merchant, such as Coinbase. Now that you have your Bitcoins, you are ready to sign up at a Bitcoin casino.
Finding The Right Casino
There are several factors to consider when choosing the right casino. With lots of new casinos popping up, there is always going to be an issue of trust. To mitigate the risks of signing up to the unsecured platforms casino aggregation sites can be used to compare casinos. Additionally, only casinos with many user reviews should be used.
The good news is, with so many Bitcoin casinos appearing, competition is fierce. Platforms compete by offering bonuses to new sign-ups, meaning it is worth shopping around, looking for the most lucrative bonuses.
Because of the potentially problematic and complex nature of users using blockchain, casinos tend to offer very good support. It is worth finding a casino that offers 24/7 support in case of any payment issues or general queries that may arise.
Choosing The Right Game
Bitcoin casino games aren’t all that much different to traditional casino games. You can expect to see the classic table games and slots, for example. One difference to bear in mind is that often Bitcoin casinos be more transparent about the odds of their games. Whilst it is important to play the game that you enjoy, it may pay for you to shop around for the games with the lowest house edge.