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In this guide, we’ll tell you everything you need to know about crypto casinos. We’ll show you what they offer and why they’re a good pick for 2023 and beyond.
The crypto casino market has been on a roll lately, and it won’t be long before every online casino adds cryptocurrencies to their lists of payment methods.
Join our recommended crypto casino platforms today and earn free SNACKs on the way!
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BC Game Casino
Accepts Snack for deposits and withdrawals, and 100+ other cryptocurrencies
Cryptocurrencies have long caused a stir in the financial community. They are a decentralized digital payment method that isn’t regulated by a bank or any centralized authority. Cryptos are mined by users or created for a specific purpose with their volatility and price being influenced by various factors. Unlike fiat money, cryptocurrencies can be used without a bank’s approval. That’s why banks and financial organizations hate them, instead of focusing on their own digital currencies. The fact that they’re decentralized and offer anonymous (yet recorded) transactions make cryptocurrencies a perfect payment choice for online casinos. It took more than a few years before they hit the iGaming market, but they’re finally here. You can now make instant deposits and withdrawals in many online casinos with a variety of cryptocurrencies. Bitcoin is king, of course, but you can also use Crypto SNACK, Litecoin, Ethereum, Ripple, and any other cryptos. You can also earn rewards in Crypto Snacks which should give you the ‘fuel’ you need to succeed in online gambling.
What is a Crypto Casino?
A crypto casino is an online gaming site that allows playing with cryptocurrencies. These casinos accept deposits and withdrawals with Bitcoin and a variety of other cryptos. That depends on the site itself – some focus on one cryptocurrency, others accept many. The best online casinos will have a range of crypto coins and fiat money available to the delight of iGaming fans. While some players might consider them illegal, every crypto gaming platform in 2022 is legit. The majority have a Curacao license which promises fair and legal gambling on the web. Of course, their highlights include lightning-fast deposits and withdrawals paired with low to no fees. Crypto casinos work just like regular online casinos except for the payments. While e-wallets have been deemed the fastest deposit method so far, crypto casinos have changed that. Depositing in Bitcoin or withdrawing your winnings has never been faster and its all thanks to the blockchain. Players who have tried a crypto casino are sure that they’re the future. We can’t argue with that as we too believe that the best crypto casino has numerous advantages over the top fiat money gaming sites.
Advantages of Crypto Casinos
Online casinos always have to deal with new regulations. All transactions made in online casinos are tightly regulated. Depending on your country, making payments in online casinos may not even be allowed. We can understand players’ frustration when this happens. New regulations have plagued the industry for years until cryptocurrencies came to the rescue.
There are several advantages of using a crypto gaming platform that make them much better than fiat money gaming sites. It’s not just about the speed – the decentralization and low transaction fees are key factors as well. The best crypto gaming sites will always have much more to offer to players than regular casinos, with the top advantages listed below.
Speed: there’s no other word to describe a crypto gaming transaction than lightning-fast. Deposits made with Bitcoin cash or Ethereum will land in your account in seconds. Sure, e-wallets are fast too, but they can’t compete with cryptos. It’s like comparing a Mercedes to a Bugatti. Both are fast, but the Bugatti wins. All the time.
Low or no transaction fees: when you make a deposit with your bank account or credit card, you will most likely be charged for the transaction. It will be a small fee depending on the payment method of choice and the casino. With cryptocurrencies, you only have gas fees, and they’re so tiny they don’t make a difference.
Anonymity: one of the major reasons why players prefer crypto gaming platform are anonymous transactions. To put it simply, the blockchain records every transaction, but your personal details aren’t shared. That’s a far cry from paying with a debit or credit card where you must enter the card number and your name to make a deposit. In this way, paying in crypto casinos is much safer.
Global acceptance: the number of countries that accept cryptos is constantly expanding. The world is slowly starting to realize its potential, which is one of the goals of the blockchain and cryptocurrencies. Playing in crypto casinos means releasing yourself from the shackles of gaming jurisdictions. Blockchain technology: blockchain technology may be even more exciting than crypto tokens. It offers numerous advantages for a crypto gaming platform, boosting its safety, payment system, and influencing other key areas positively. It’s a future technology well ahead of its time that will certainly see wider adoption soon.
Disadvantages of Crypto Casinos
There aren’t many disadvantages of playing in a crypto casino except for a few. These are associated with the blockchain and decentralized nature of cryptocurrencies instead of the disadvantages of the casinos themselves.
Finite payments: if you ever run into a problem with a crypto transaction, say goodbye to the coins. Of course, each crypto wallet offers some kind of support, but the blockchain itself is decentralized and not owned by anyone. The funds themselves are untraceable and if you miss the address, they will be long gone.
Volatility: one of the major disadvantages of playing in a crypto casino is the volatility of cryptocurrencies. By the time you decide to spend your coins in such a casino, the price may drop and you may lose value. Of course, this can also be seen as an advantage, as the price may suddenly soar.
How to Find the Best Crypto Casino Online
With an influx of crypto casino sites in recent times, it can be hard to choose only one. That’s why we’re here. Our guide to crypto gaming sites has been designed to let you know how to choose the best crypto casino instead of picking a scam site that will steal your coins or worse.
License: regardless if you’re choosing a regular or crypto casino, it’s vital to check the license first. Most crypto gambling sites are licensed by the government of Curacao and 100% legit and safe to play at.
Accepted cryptocurrencies: investors and crypto players always choose one cryptocurrency over another. Make sure the casino you’re choosing accepts yours. There’s no point in playing at a Dogecoin casino if you’re a Bitcoin fan. You can easily buy DOGE online these days, but why do that when you can play in a Bitcoin casino with your BTC?
Game library: some people are slots fans, others prefer classic table action. Whatever your preference is, make sure the casino has it. The best crypto casino will have a wide range of all game types you can play with ease.
Customer support: if this is your first time playing in a crypto casino, you should choose one with proper customer support. Make sure the channels are available 24/7 and that the agents are professional and fast to answer.