There is no denying that the online gambling industry has grown in direct correlation to the age of digitization. First we had the installation of debit and credit card payments, followed swiftly by smart phone capabilities – subsequently allowing people to wager on the go. However, the latest edition to this technical transition is the growth of crypto casinos games.
In a nutshell, this particular gambling avenue follows the same principles as a traditional online casino – however there are some fundamental differences. In this brief article we find out why.
Why use a platform that facilitates crypto casinos games?
Operators that facilitate crypto casinos games online only accept cryptocurrencies as a means to deposit, stake and withdraw funds. This in itself presents a range of benefits. First and foremost, as cryptocurrencies such as Bitcoin and Ethereum are not classed as real-world money – there is no requirement for operators to identify the players that use their platform. As a result, players can gamble anonymously.
This is of utmost interest to those who cringe at the thought of having to go through a stringent KYC process. Essentially, a KYC process involves uploading a range of documentation such as a passport, proof of address and a copy of the front and back of the payment card used to deposit. None of this is required when playing crypto casinos games.
Moving forward, the exclusive specialization of cryptocurrency deposits and withdrawals also means that payments are significantly more efficient. When using a traditional online casino – although deposits are usually credited instantly, it is the withdrawal process that often causes problems. This is because of the amount of time it not only takes the casino to process the request, but also the respective card issuer to credit the payment.
In most cases, casinos take up to 48 hours just to authenticate the request. However, if the player is yet to complete their KYC procedure, then this can add an additional 3-5 days. Moreover, card issuers normally take between 2-5 working days to settle the transaction. This is in the stark contrast to how crypto casinos games platforms operate.
Not only are cryptocurrency deposits credited on 0 confirmations, but withdrawals are virtually instant too. When the player requests a withdrawal, there is no need for it to be manually reviewed as the platform processes it autonomously. Subsequently, in our experience – withdrawals are received back in to a players’ wallet in less than 10 minutes.
What kind of crypto casinos games are there?
It is no exaggeration that no matter what crypto casinos games you can think of – you will find it at a crypto casino. As one would imagine – this includes all of your standard table games such as blackjack, roulette, baccarat, craps and dice. Not only are these games available on a software basis, but it is also possible to access them via live dealers. This is where an actual person deals you your cards, giving you as close to a real-world casino experience as possible.
Moving forward, if slots are more your thing – then most crypto casinos host hundreds of different games for you to choose form. This includes basic 3/5 reels, all the way up to interactive bonus slots. Furthermore, there are now progressive jackpots running in to the millions of dollar. The reason crypto casinos games operators are able to do this is that the underlying software provider link their slots across multiple platforms. This allows the jackpot to increase in size very quickly.
If you are also interested in sports betting, this can also be facilitated at a crypto casinos games platform. Just like their fiat currency counterparts, it is possible to wager on thousands of individual markets – both pre-match and in-play. In terms of odds competitiveness, some crypto sportsbooks actually offer more favorable odds, as their underlying costs are much lower.
One of the really interestingly aspects to using a crypto casino for sports betting is that bets are usually settled in no more than a couple of minutes. The reason for this is that the underlying Oracle protocol than operates in conjunction with the blockchain is able to scan thousands of independent sources without needing a third party.
Finally, if you also like to dabble in a few rounds of poker – this can also be facilitated at a crypto casino. The process is exactly the same – however you have the benefits of transparent gameplay, alongside instant deposits and withdrawals.
How do I know that crypto casinos games are fair?
One of the most common questions that we are asked is regarding the fairness of crypto casinos games. In a nut shell, crypto platforms use an innovative technology called provably fair. This ensures that each and every gaming outcome is guaranteed for it fairness. It does so by taking a seed from both the player and the casinos and then generating an outcome based on these inputs.
For example, after completed a round of blackjack – the player could then independently verify that the outcome was generated in a fair manner. Realistically, once the player knows that provably fair is being utilized there is no reason to make checks, as the outcome cannot be manipulated by the casino. Just like in the world of Bitcoin and Ethereum transactions, provably fair outputs are based on the immutable art of cryptography.
Crypto Casinos – Conclusion
Ultimately, if you like the sounds of online gambling but want to ensure that you can trust the operator, as long as they are using the provably fair protocol you can be sure beyond all reasonable doubt that everything is above board. Moreover, if you prefer to gamble anonymously and want to avoid uploading documentation – then crypto casinos games operators can also assist.
On top of the aforementioned benefits, you will also be accustomed to instant deposits and withdrawals, meaning that the days of having to wait up to a week before your funds are returned are long gone. If you want more information on which crypto casinos games provider is best suited to your needs, we have impartially reviewed five of the best casinos platforms, as well as four crypto sportsbooks.