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Cryptocurrency gambling can be similar to other forms of real money online betting in many ways, but it also has several features that make it unique. From the types of games that are available to the way that USA players fund their accounts and how different casinos can be accessed, betting with crypto is considered by many to be the future of wagering as a whole.
In this guide to betting with crypto, find out just what separates gambling with Bitcoin and other cryptocurrencies from betting with traditional currency. And, perhaps just as importantly, find out what online casino sites are offering the best crypto betting experiences.
HOW WE REVIEW BITCOIN CASINOS & CRYPTO GAMBLING DAPPS
STEP 1: WE DO OUR RESEARCH
While fun casino games and the ability to play them in a convenient way are top priorities for casino players, those things don’t mean much if the games can’t be played safely. As a result, detailed research of each site is required to ensure that they are not only trustworthy but that they are also properly credentialed to offer their services to USA players. This means making sure that each site is licensed to operate and that they offer proper security measures to protect the personal information of their players. It also means verifying that they offer provably fair games to ensure players will have their funds and individual bets handled safely.
STEP 2: WE TEST THE SITE
After making sure that a casino site is safe to operate, we make sure that each site operates the way that players would want it to. To do this, we deposit funds into an account and make sure that the transaction goes through in a timely fashion. Once the deposit has gone through, testing the games to make sure they are functional is the next step. As the aim of most players is to be able to play the games that each site has to offer in hopes of winning big, this may be the most important step of the review process.
STEP 3: WE TEST THE SUPPORT SYSTEM
After verifying that a crypto casino is secure and that it functions as designed, the only step left is to verify that the support systems that are in place are working well. That means getting in touch with customer service in multiple ways and verifying that they can answer inquiries both general and in-depth in a timely fashion. It also means making sure that funds can be withdrawn and that they are returned quickly enough to meet the needs of players without any excessive delays. From there, we review each casino’s performance in those areas and evaluate them based on how they did.
Types of bitcoin casino bonuses
There are several types of bitcoin casino bonuses that players can take advantage of to boost their bankrolls or give themselves a shot at free spins in hopes of cashing in that way. Understanding each of them and figuring out which you prefer is vital to finding the ideal casino.
The no-deposit bonus is often a player’s first real interaction with casinos sites where it is available. With this bonus, players simply need to sign up for an account at a site, and are rewarded with free spins for doing so. Those free spins are often limited to specific slot titles, and are potentially valuable for players looking to earn some extra cash.
Deposit match bonuses
The deposit match bonus is the most common type of casino bonus. Essentially, this bonus takes the amount that is deposited and adds a percentage of that amount to a player’s bankroll. The percentage bonus is what dictates how much needs to be deposited in order to receive the maximum bonus amount, and should not be overlooked. This can take place on the first deposit or subsequent deposits depending on a site’s rules.
While receiving a bonus is exciting, the wagering requirements mandated by different casinos will dictate how effective they will really be for players. Wagering requirements dictate how many times a bonus needs to be put into play before it can be eligible for withdrawal. It is also worth noting that these requirements are only applicable for certain game types, with slots typically counting toward the requirements while table games may not.
Understanding the terms and conditions
Before making a deposit and attempting to claim a bonus, a player should understand the terms and conditions of that bonus. This requires some reading, but often includes vital information such as which games count toward wagering requirements and any time constraints that wagering requirements need to be fulfilled within. Any other bonus-specific information will be held here as well.
Choose your ideal casino by game type
While fun casino games and the ability to play them in a convenient way are top priorities for casino players, those things don’t mean much if the games can’t be played safely. As a result, detailed research of each site is required to ensure that they are not only trustworthy but that they are also properly credentialed to offer their services to players. This means making sure that each site is licensed to operate and that they offer proper security measures to protect the personal information of their players. It also means verifying that they offer provably fair games to ensure USA players will have their funds and individual bets handled safely.
Types of bitcoin games
What makes bitcoin casinos so interesting is the fact that they merge many traditional casino game types with bitcoin-specific offerings to create a more in-depth experience.
Slots are still the lifeblood of most casinos whether they operate using crypto or traditional currency. Many bitcoin casino sites offer slots that are similar to what traditional casinos have to offer given that they come from similar software developers. There are some bitcoin-specific slot titles, as well.
Table games are still a key component to crypto casinos, with players having the ability to take on popular titles like blackjack and roulette by putting their bitcoin or other currencies on the line. There are live casino versions available to crypto players at some sites as well, which fans of that genre should look into before making a deposit somewhere that might not have them.
Bitcoin dice games were among the first forms of bitcoin wagering, where players could wager on whether their roll of the virtual dice would go above or below a certain number. These are done on a larger scale with other number generator games that feature four figure numbers and the same objective for players. There are other bitcoin casino games that frequently appear on crypto wagering sites, including poker, lottery games, and more to keep players entertained on a regular basis.
Mobile crypto gaming
One of the major benefits to betting with cryptocurrency is the fact that most bitcoin gambling sites are designed specifically to operate on mobile devices. Since most of these sites were created after 2010, they are largely capable of being utilized on smartphones such as iPhone and Android devices. The majority of these mobile sites can be accessed through a web browser on such devices, so long as the operating systems are up to date on them. Players should be sure to check the device requirements for each site to make sure that they will be able to take them on the go when they are not able to play at home.
History of crypto gambling
The history of bitcoin in the wagering industry is far from a long one, but what it lacks in years it makes up for in how interesting it has been. Bitcoin was first available in 2009 when it was first mined and the bitcoin network was first up and running. When bitcoin gambling was first introduced, it was in the form of dice games, where players were able to bet on the sum of the dice relative to a total that they chose. These sites were not very sophisticated, but laid the groundwork for more creative offerings later on.
Those offerings first game in the form of other bitcoin specific games like variations on dice with larger number pools to choose from. The crypto gaming industry then evolved to where mainstream betting sites were accepting crypto, while crypto specific sites were offering games from more traditional game developers.
Today, the evolutions of bitcoin and other cryptocurrency gambling have only continued. Bitcoin sports betting is now an option, along with a wider variety of crypto specific games such as minesweeper and variations of it to create a more comprehensive suite of crypto options for all to enjoy.
How to fund a crypto gambling account
The first step to getting funds into a cryptocurrency gambling site is to buy cryptocurrency. To do that, a player should go to an exchange site that allows them to swap their traditional money for crypto. Different exchanges offer different features, such as the availability of different currencies as well as different limits as far as how much can be exchanged at one time. Once exchanged, these funds will go into a virtual wallet. Different exchanges host wallets for users, or players can send their exchanged funds to a wallet on a non-exchange platform.
Whether looking to utilize a bitcoin casino or one that accepts many forms of cryptocurrency, the next step for players is to send the funds that they exchanged to their casino accounts. The casino will provide a wallet address for players to send their funds to, with players either being able to simply send the funds and have them credited to their accounts or needing to fill out a page on the casino site before sending the funds. Either way, this is a quick process that does not require nearly as many steps as does making a deposit with traditional currencies.
One of the nice things about bitcoin gambling or other cryptocurrency gambling is the fact that there is an emphasis on security for the genre as a whole. Crypto wallets and betting sites all encourage the use of two-factor authentication to make sure that only the appropriate users are able to conduct transactions from the wallet or casino account. Users can also back their funds up to a physical device for added peace of mind.
What is provably fair gambling?
Provably fair gambling is a form of gambling that is commonplace in the bitcoin or cryptocurrency gambling space. Essentially, what it consists of is the existence of proof that each outcome in each spin or roll of the dice in a crypto casino game was indeed randomly generated and that it was not done in a setting where those outcomes are predetermined.
How this works is that a transaction ID exists for each of spin, roll, or other outcome. Those ID numbers are unique, and provide peace of mind to players that no outcomes are from the same source as they play. There is, of course, more that goes into provably fair gaming than that, but the idea that it shows players that each action taken in a casino game is on the up and up is the key takeaway.
What is a Random Number Generator?
A Random Number Generator (RNG) is a way that the outcomes of each spin or roll are made to be truly random. The RNG is what generates the unique outcomes that make games provably fair in the crypto casino world, essentially. The difference is that in the provably fair world of crypto gaming, players can view each ID number to verify that the random number generation was unique.
What are altcoins and why do they matter?
An altcoin is a cryptocurrency that is simply an alternative to the relatively common bitcoin. These can range from the frequently used to the obscure, with everything from common currencies like Ethereum to less commonly used ones like Dogecoin and Ripple. Some sites will accept more of these altcoin options than others, which means that players should check to make sure that their preferred altcoins are accepted where they want to use them.
Why bet with bitcoin over other currencies?
The biggest advantage to betting with bitcoin or other cryptocurrency is the fact that it is more convenient than the traditional currencies that are out there. Players can anonymously sign up for most crypto betting sites, and are able to make deposits and withdrawals without being subject to the same scrutiny that banks or other financial institutions usually apply to casino-related transactions. Other benefits include the added depth of games these sites typically offer, as well as the provably fair status of many bitcoin casino options.