Image: https://unsplash.com/photos/rhm7H8X5J98
Credit: Kanchanara – Free to use under the Unsplash License
In 2009, the world got introduced to Bitcoin, the initial digital currency. Two years following this, in retrospect, monumental happening, the first Bitcoin casinos popped up on the World Wide Web. Two years after that, regulators began giving licenses to the best Bitcoin casino sites, and in 2016, the UKGC recognized virtual coins as a fiat money equivalent.
Today, hundreds, if not over a thousand, internet gambling platforms that accept cryptos exist, as this betting fun form is all the rage in the digital sphere. The benefits of using these hubs are plentiful, and despite seeming market oversaturation, demand for them keeps growing as the crypto casino player pool keeps growing.
What follows is a quick guide on how to weed out low-quality gambling platforms that allow coin-based deposits from decent to terrific ones. So, everyone who’s planning on testing their luck on games of chance while making BTC or alt-crypto wagers should read on carefully.
Adequate Licensing & Security
Despite what many may think, pretty much any highly regarded BTC casino on the Web has a gaming license issued by a reputable regulatory body. Most have ones from international licensors such as Panama’s Gaming Control Board, Antillephone, or Gaming Curacao. Thus, it is always wise to check if the considered site has a regulator’s badge in its footer, as is mandatory per most licensing rules. The role of the overseeing bodies is to ensure that their licensed operators are financially stable and do not cheat players in any way imaginable.
Moreover, regulators obligate their crypto gambling sites to implement high-end encryption and advanced safety protocols. Concerning data ciphering technology, players can check to see if their platform utilizes this tech by looking for the lock icon in their browser’s address bar.
Transaction Choices
Any of the best Bitcoin casino sites like those found on cryptocasinos.net will not only allow users to deposit coins from the world’s original blockchain but will also accept multiple other cryptos. Fiat payment options in a Bitcoin casino’s cashier tab are also not unusual, as many want to diversify their appeal by trying to cater to various groups of online gamblers.
It is always paramount that crypto casino users check a platform’s general T&C page before joining because, in this site section, multiple pitfalls may lay, such as a withdrawal rollover. While intermediate gamblers may think each method has its specific withdrawal deadline, they often fail to account that every site has specifically defined processing procedures. Some may look to handle a withdrawal request as quickly as possible, while others do so in 48 hours. The industry standard is a day or less. Hence, stay away from platforms that break the two-day barrier.
Promo Deals
Bonus pages are the first things gaming enthusiasts visit when they open a Bitcoin gambling site. Along with deposit matches on sign-up, they also look for betting contests, loyalty perks, and cashback.
Bitcoin casinos differentiate from fiat sites in that they offer crypto-specific promos such as chat rain, free faucets, mystery chests, and more. Essentially, they aim to reward users for building a sense of community on their platforms and social media accounts while also trying to engage them to stay active, continuously playing on their sites. As a rule of thumb, Bitcoin bonuses are usually far more generous than fiat ones. If a gambling site has a registration fiat and crypto offer, the latter should provide around 30%-40% more free-play funds.
Gaming Arsenal
In the early 2010s, Bitcoin casinos were one-game platforms that featured gaming products with rudimentary gameplay, like dice or hi-lo. Nowadays, things are much different, as the best cryptocurrency casinos in the digital sphere house a few thousand titles, a mixture of provably fair picks, streaming tables, and modern slots.
That said, it is not only vital that an interactive gaming hub has a robust catalog of gambling choices. It should also transparently list game specifications and work with an independent testing board (TST, iTech Labs, eCOGRA) that will guarantee to players that any product they enjoy produces results randomly. That the operator does not influence game outcomes and everything is on the up and up.
Help Options & Responsible Gaming Measures
Live chat is the primary support method that online casino players use. That is so because it provides the quickest issue resolution thanks to customer support representatives who are on standby to aid site users. This option often gets complimented by email support and an FAQ page, forming the golden online casino help trifecta.
Phone aid used to be a thing, but now it is a remnant of a bygone era, as even sites that rank high in the best cryptocurrency casino rankings don’t feature it. Accordingly, if a platform offers the three problem resolution avenues mentioned above, it follows sector standards.
Anonymous Gambling
While the popular belief is that many who opt to play online do so because of the convenience factor that enjoying games of chance over the internet provides, that is not valid in many cases. A decent portion of internet gamblers selects to bet online to avoid the notoriety that comes with gambling at physical venues. Therefore, Bitcoin casinos are the perfect choice for these players, as many let them partake in slot and table game entertainment anonymously.
Those interested in doing some secretive gambling should look for platforms that do not implement identity verification checks and are lenient when it comes to VPN use. Most provably fair sites have no KYC and do not care where their players hail from, and some crypto casinos with modern reel-spinners exist that follow this train of thought, not implementing geo-restrictions and checking to see if their users are who they say they are.
To Wrap Up
Bitcoin casinos can, potentially, let gamblers bet without anyone being wise to the amounts they are wagering and that they are partaking in this pastime. Furthermore, regulated Bitcoin sites feature vast game arsenals, super enticing promotions, multiple support methods, and some even accept fiat money, allowing players payment variety. Still, before undertaking any gaming voyage, everyone should get reminded that it is vital to research any platform they are considering signing up with and that responsible play is crucial. No one should wager more than what they can afford to lose, as doing so is foolish.
