There’s been an explosion in Bitcoin and crypto casinos in the last few years as companies take advantage of the crypto gold rush.
But Bitcoin casinos are older than you might think. Cloudbet, for example, has been operating a crypto casino since 2013. And as the crypto market has grown, with the launch of hundreds of tokens, the term Bitcoin casino has increasingly been overtaken by ‘crypto casino’ instead, as they accept far more coins that just Bitcoin.
Crypto casinos now allow players to deposit and gamble with a wide range of crypto coins like Ethereum, Tether, Dogecoin, Solana, Bitcoin Cash, Tron, Litecoin, Cardano, and more.
What games can you play at a Bitcoin casino?
All major Bitcoin casinos have deals with the world’s leading game providers like Pragmatic Play, Evolution, NetEnt, and Red Tiger. These ensure crypto casinos can provide popular slots, table games like roulette and blackjack, live casino games, and jackpot games.
Therefore, the game selection at crypto casinos is very similar to what you would expect to find at other traditional casinos. What many crypto casinos have done well, though, is ink deals with as many game studios as possible. It’s not uncommon to find game libraries of over 5,000 games, typically much more extensive than regular casinos.
In addition, most crypto casinos offer specific crypto games, like Plinko, Mines, Bitcoin Dice, and Crash. These games were created by the crypto community and have been polished up to create some of the most popular games on crypto casinos, with house edges of just 1%.
Most Bitcoin casinos have their own in-house versions of these popular games and have special jackpots that players share when playing these games.
Are crypto casinos licensed?
There is a wide misconception that crypto casinos are not licensed and can avoid the legal and regulatory scrutiny that regular licensed casinos must abide by.
That’s not the case, though. While in the early days, many crypto casinos were unlicensed, the trend has moved towards proper recognition by relevant authorities. Most leading crypto casinos are licensed in Curacao, which means they must abide by the laws of the land.
For players, this gives them some reassurance that the casinos are not fraudulent operations, and they must pay out winnings, host only fair and random games, and protect players’ data and privacy.
That said, there are still some crypto casinos out there that are not licensed. It’s recommended to avoid these as they could be fraudulent with no way to redress any grievances.
Why play at crypto casinos?
There are many advantages for the savvy casino player who chooses a crypto casino. Because crypto payments are all based on the blockchain, there are no third-party payment operators needed by crypto casinos.
Saving this huge expense means crypto casinos can afford to give out incredibly generous welcome offers and run other valuable promotions far in excess of what traditional casinos can afford.
Other benefits of crypto casinos are instant payments, withdrawals, and much higher limits than regular casinos. There is greater transparency with payments, too, as every transaction is publicly recorded on the blockchain.
Crypto casinos appeal to a specific demographic – tech-savvy, smart people, typically aged 25-40. The casinos use the latest technology and make a huge effort to create an engaging experience on amazing-looking platforms with a community feel. Features like community chat, in which players can chat with each other and share wins, are widely popular, as is the ability to tip friends on the site.
These casinos often run Discord or Telegram groups and are very active on Twitter, giving exclusive bonuses and rewards.
According to some reports, crypto casinos already account for around a third of global online wagering, and that number is set to rise as crypto continues to become more mainstream. Even the recent crypto crash, combined with broader economic woes, hasn’t dampened the enthusiasm for crypto casinos.
The fact that many traditional casinos are now expanding their payment options to accept crypto shows how seriously they are taking the threat from their rivals.
For many gamblers, the future of online casinos is crypto casinos.