You might miss out on a lifetime opportunity if you are yet to embrace crypto casinos and all their trappings. These platforms are not just novel but also bring many improvements to the overall gaming experience. Unfortunately, most challenges with Fiat variants are absent from their site.
The best crypto casinos are right here, waiting for you, with promising features. Playing on them, for the most part, is similar to playing on conventional gaming sites. However, the blockchain provides payment options and add-on features that make a lot of difference.
We will introduce you to these novel and improved gaming platforms, show you their standard features, and explore some of their advantages. Then, you will have a better understanding of and, ultimately, a better appreciation for them. Let’s begin by explaining crypto casinos in the simplest terms.
What are Crypto Casinos?
The most basic definition would be gaming sites that support cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Cardano, XRP, Solana, etc. That is entirely correct, but it misses out on some crucial aspects.
We agree that Bitcoin casinos support cryptocurrencies, but they do so much more. They bring some of the best features of the blockchain network to their platform. That means you will enjoy massive benefits when you play on them.
Instead of depositing fiat currencies, players use cryptocurrencies like Bitcoin and other altcoins. If that still sounds strange, let us break it down further.
How Players Fund Their Account
Most players keep their fiat currencies in their bank accounts. As a result, they can effortlessly send funds anywhere using debit or credit cards and mobile or Internet banking services.
The same thing applies to Bitcoin casinos. However, rather than using bank accounts, players use wallets. These wallets store the assets and can efficiently dispatch them to the gaming site’s address.
So, instead of transferring fiat currency like the US dollar, you will send coins or tokens from your wallet. Getting a wallet is easy, as there are several options available today. Even traditional e-wallets now support cryptocurrencies.
Types of Crypto Casinos
Crypto platforms are unique in that they are of two types. First, we have hybrid gaming sites and purely decentralized platforms.
Hybrid gaming sites function like traditional variants. You can deposit fiat currency and still access the games and functions. On the other hand, you can deposit coins or tokens and have no trouble.
Although hybrid platforms accept cryptocurrency and fiat, they revert to only one during gameplay. Most fall back on fiat, converting the coins or tokens during deposits. When it is time for withdrawals, they will convert the money to its equivalent cryptocurrency.
Hybrid Bitcoin casinos are where you find traditional games, as you would expect in conventional ones. Aside from their support for cryptocurrency, the rest of the features are mostly the same.
Pure crypto casinos are completely decentralized platforms. They have limited game selections, but we should see an increase as developers make more.
Someone who is not used to decentralized networks will have a hard time navigating them. As a result, it speaks more to hard-core crypto enthusiasts.
Perks of Playing on Crypto Casinos
After that brief overview, you will better appreciate the benefits of playing on these unique gaming sites. So, without further ado, let’s see some perks of playing on Bitcoin casinos.
Humongous and hidden charges prevalent in the fiat variants are absent on these digital platforms. They charge very little to zero fees when processing payments. The gas fees during transactions are also almost negligible compared to what you would pay with Fiat.
The benefit of lower fees covers deposits and withdrawals. Any payment to and from your online gaming account will enjoy the low charges, giving you more funds to wager with.
Although e-wallets have added speed to transactions in fiat currency, they are nowhere near as fast as cryptocurrencies. The withdrawal speeds of Bitcoin casinos are simply phenomenal. As a result, you can get instant funding when you request a payout.
Blockchains like Solana can process up to 65,000 transactions per second, completely dwarfing the speed of any fiat platform. Such a staggering figure is what you get at Bitcoin gaming sites that support the token.
Withdrawals on these sites usually take a few seconds to a few hours. The only thing you would wish was faster is the approval time.
Privacy or Anonymity
Sending payments from your wallet brings a certain degree of anonymity. Unlike banks, where you must provide your identity, Bitcoin casinos only need your address to send your payouts to you.
Bitcoin casinos often do not require “Know Your Customer” documents unless you make large withdrawals. This way, you can maintain privacy while having fun with your favorite games.
If you thought crypto casinos did not offer bonuses, you were wrong. They do so and might even provide more than fiat gaming sites.
With lower fees and a highly efficient network, Bitcoin casinos can value their welcome bonuses and promotions more. Then, registering on such sites becomes a thrilling experience as you blast through the games with the bonus funds.
Higher Player Payout Percentages
Bitcoin casinos can maintain a lower house edge because they do not spend much on transactions. As a result, wallet-to-wallet payments are not only quick, but are also more affordable than fiat currency transactions.
That gives crypto casinos breathing room to increase their player payout percentages. However, this rate also depends on the games. Some have fixed rates, while others offer a flexible range.
So, let us end this section with a question. Would you prefer to spend more on traditional sites with fiat currency? Or enjoy quick transactions, lower fees, and higher payouts on crypto casinos?
Bitcoin casinos bring so many improvements to the overall gaming experience. From smooth transactions to bigger bonuses and lower fees, the list of benefits goes on and on.
Switching to a Bitcoin casino today might just be the move you need to add spice to your online gaming.