Crypto is so new and intriguing that you simply cannot avoid it. And there simply is no point in resisting the curiosity, considering that this concept has proved pretty fun when used correctly.
Basically, it is no surprise that so many users are interested in various cryptocurrencies. Compared with fiat, crypto offers significantly more opportunities to surprisingly more individuals. How you can use crypto is limitless, and in this article, we will talk about one of the most popular: crypto gambling.
So, what is crypto gambling, and why do millions of users try it? Stick with us to find out.
Crypto Gambling and Bitcoin Casinos
Crypto gambling is somehow similar to traditional gambling, the main difference between the 2 being what you bet with. While in traditional gambling, you use fiat, crypto gambling implies betting with crypto.
Just like traditional online gambling requires a website to work or brick-and-mortar casinos need a building to function, crypto gambling also requires a particular platform. Such platforms are called crypto (or Bitcoin) casinos, allowing users to bet with crypto in numerous engaging activities.
Usually, crypto casinos offer plenty of gambling games for worldwide users. The classics, such as dice, roulette, slots, poker, blackjack, and baccarat, remain the most popular. Still, many platforms also offer live poker tables or sports betting.
Bitcoin casinos always try to offer a wide variety of games, which can help them gather more users around them. But quality also matters. And this is why there are certain crypto casinos, like CasinoFans, that handpick the games they provide on their websites. This assures users that they will have a positive experience on the platform.
Privacy and Anonimity
Crypto is pretty popular thanks to the high levels of privacy it provides. Since crypto is still unregulated, some platforms allow users to maintain anonymity while trading various coins or tokens.
The variety also applies in the crypto casinos’ case. Of course, some websites require users to provide personal information to be able to gamble, but some casinos allow you to gamble without registering.
This availability is still a significant advantage for crypto enthusiasts, as not all of them are eager to share their identity in an industry where there still are thefts every now and then.
Besides, crypto casinos work on top of a P2P (peer-to-peer) network, meaning that even if users share a small amount of personal information (wallet addresses, for instance), it is still extremely hard to steal because it is spread all over the network.
Security and Transparency
When it comes to security in Bitcoin casinos, blockchain technology is brought into discussion again. Thanks to the technology used, such platforms offer a higher level of security than traditional casinos.
Blockchain technology ensures the immutability and transparency of transactions, protecting sensitive data and keeping users safe from potential breaches.
Furthermore, some crypto casinos provide provably fair games, thus increasing the overall level of transparency a platform provides. Provably fair games are developed using cryptography, and they inherit transparency from the main features of blockchain technology. When playing a provably fair game, gamblers can check the fairness of the game after each round.
Speed
There is no doubt that sending crypto is quicker than waiting for a bank transfer to arrive. In the crypto industry, things happen so quickly that sometimes you don’t have time to take a breath, and your assets are sent, delivered, and received.
Why? Well, first of all, crypto does not require a third party to complete a transaction. Everything happens online, is stored on a blockchain, and is usually conducted based on self-executing smart contracts.
This also happens with crypto casinos. The transactions occur directly between users and the casino, resulting in faster deposits. Most of the time, such transactions can be completed in just a few moments, and another advantage is the lower transaction fees.
And you don’t have to worry much; it’s precisely the same for withdrawals. Once you earn some crypto on a Bitcoin casino website and you want to withdraw it, the process is so simple and quick that in no time, you will be able to use the crypto you’ve earned for many other purposes.
Special Events and Limited Offers
We already mentioned that crypto casinos usually offer a wide variety of games and sports for betting, but do they stop here? Most of the time, no. Such platforms know how much it matters to keep their users incentivized, so they organize many special events to offer them various prizes.
Casino events can have different durations, but the goal is mainly the same: rewarding users who manage to perform well in some specific games. Depending on the platform and the event, the casino will allow users to play one or more games from various game providers. Usually, gamblers compete to rank as high as possible on an event leaderboard. There is rarely only 1 reward, so even if you end up the 5th, 10th, or sometimes even 100th, you may still receive a significant prize.
Furthermore, many platforms build a VIP program or simply offer dedicated users limited offers to incentivize them even more. Such offers usually mean receiving a certain amount of crypto, free spins, or even a fiat reward. It depends on the platform and its policy.
In Conclusion
Crypto is a highly intriguing concept that triggers many users these days. And it is no wonder why, as this industry provides many significant advantages, such as security, transparency, privacy, speed, and more.
One of the most popular types of crypto-related platforms is represented by crypto (or Bitcoin) casinos, which are websites or apps where users can gamble with crypto in various games. Crypto casinos can help users earn significant amounts of crypto thanks to their features, the events and offers they have, and the profitability and variety of games.
So, do you still believe crypto and Bitcoin casinos are not for you?
