Bitcoin Gambling Review – How We Offer Impartial Guidance
Consumer appetite to gamble online with cryptocurrencies such as Bitcoin is on the rise. In fact, there are now a plethora of casinos and sportsbooks that specialize purely in cryptocurrency deposits and withdrawals. However, finding a website that ticks all of the right boxes is no easy feat. In this article we explain how and why we are a truly independent and impartial Bitcoin gambling review platform.
What is Bitcoin Gambling?
Although online casinos have been a thing since the mid-1990s, it wasn’t until 2013 that the first Bitcoin gambling website opened its doors. The platform was called SatoshiDice and it allowed people to gamble on the outcome of a cryptographically generated dice. Although simple in nature, it allowed users to wager in a transparent arena, fully supported by a provably fair protocol.
In a nut shell, provably fair is an algorithmic program that takes a hashing seed from both the player and the casino. It then merges the seeds in to one, which then generates a random outcome. The best thing about provably fair gambling is that each and every outcome can be guaranteed for its fairness. Moreover, every single seed can be viewed and audited by anyone that want to see it. Although SatoshiDice is no longer around, there are now a plethora of Bitcoin gambling sites that utilize the provably fair technology.
In terms of game choice, Bitcoin casinos cover practically every gambling product. This includes traditional table games such as blackjack and roulette, as well as slots. Moreover, some Bitcoin gambling platforms also have live dealers. This is where your cards are dealt by a real-world human, with the camera placed firmly on the table so that the user can watch it. In this sense, it’s like being at an actual land-based casino.
Bitcoin gambling websites are not reserved just for casino games, as it is now possible to access fully-fledged sportsbooks. Not only can players gamble on sporting events pre-match, but they can also access an in-play facility that allows you to gamble whilst the game is still on.
Ultimately, Bitcoin casinos and sportsbooks now offer a comprehensive gambling suite that rivals their fiat currency counterparts.
What do we look for in a Bitcoin casino or sportsbook site?
As we mentioned earlier, there are now hundreds of individual crypto casinos that are all looking to grab a slice of the highly lucrative online gambling industry, In fact, it is estimated that the industry will be worth close to $60 billion by the end of the year 2020. As a result, competition is extremely fierce.
This leaves players with a conundrum, insofar that attempting to choose a legitimate casino can be a daunting task. Therefore, this motivated us to provide an impartial platform that provides independent guidance, which allows players to make an informed decision on selecting a Bitcoin gambling site that suits their needs.
In order to achieve this, we go through the entire end-to-end process. This starts with us opening an account and ascertaining how easy the process was. Ultimately, what we are looking for is a platform that allows players to gamble anonymously. Therefore, the casinos and sportsbooks that we recommend on our website do not ask for anything other than a username, password and email address.
After that, we then scrutinize the deposit process. As we are only concerned with cryptocurrency casinos, we like to see a good choice of supported coins. We will then transfer funds from our personal wallet directly in to the wallet of the casino. Upon making the deposit, we then wait to see how long it is before our account is credited. In most cases, all of the platforms that we recommend processed our deposits on 0 confirmations, meaning they were practically instant.
Moving forward, once we have tested out the range of games, we then attempt to make a withdrawal. Casinos that process withdrawal request autonomously get extra points from us, as it means that the funds will reach the player’s wallet in less than 10 minutes.
What else do we look for in a crypto casino?
Although the above specificities are important, there are other aspects that we find equally as pivotal. For example, although Bitcoin gambling sites do not need to be regulated (as they have no relationship with fiat currency), some actually decide to acquire a license. What this offers the player is an additional oversight, which in itself provides extra safeguards. This includes ensuring that player funds are held in a separate account to the casino’s primary account.
All of the casinos and sportsbooks that we recommend are fully regulated with a jurisdictional authority. Otherwise, they don’t make the cut.
We are also very strong on the utilization of provably fair technology. This is potentially the most important thing to consider, as if a casino does not use it, there are no guarantees that the operator is playing fair. Without a shadow of a doubt, we would avoid the initial sign up process if the platform’s games were not protected by a provably fair protocol.
Finally, before concluding our analysis we also evaluate the site’s customer support team. In most cases there will be a live chat facility that is available 24 hours a day. This allows users from all over the world to chat with a live agent through a real-time text box. Other than this, email support is usually the next best thing.
In testing out the effectiveness of the customer support team, we request help by informing the agent of a particular issue. We then assess how long the agent took to respond and how pleased we were with the support they offered.
How do I decide which casino is right for me – Conclusion
Ultimately, every Bitcoin gambling site has its own advantages and disadvantages. To help you along your way, we have narrowed down the Wild West of crypto operators to just five casinos and four sportsbooks. As we have already gone through the process of testing the platforms out, you can be sure that they are not only established, but also highly credible.
Before taking the plunge, make sure that you read some of our comprehensive reviews, which detail each and every aspect to the casino in question. Moreover, we also provide high-level articles on how blockchain technology has the potential to revolutionize the industry– so be sure to check these out too!