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The invention of cryptocurrencies has given a new face to traditional gambling, as we now have several means of funding our sports betting accounts while being anonymous, save for verification purposes.
This option is relatively new, and some people still don’t know how it works, what to expect, and some of the terminologies used. That’s why I have decided to take out time to provide up-to-date information on cryptocurrency and its effect on your online casino experience.
What is cryptocurrency gambling?
Cryptocurrency gambling, as it is popularly known, allows gamblers to play on their favourite sites using cryptocurrencies.
It is widely considered to be safer than other forms of payment because it stores all of the transaction data on the blockchain. This is because blockchain entries cannot be changed once validated, and this prevents duping.
There are crypto-only online casinos that are limited to gambling and cryptocurrency payments.
As stated earlier, since the cryptocurrencies are relatively new, some of these sites are also new. So it is advisable to carry out a thorough research on these platforms before choosing only crypto-site.
However, some traditional gambling sites have incorporated cryptocurrencies (such as bitcoin cash, BTC, ethereum, etc.) as options for deposit and withdrawals on their sites as this option makes sustainable casino brands more attractive to a broader segment of people, especially crypto enthusiasts.
Best Cryptocurrencies used in Gambling Sites
Currently, there are many widely acceptable cryptocurrencies, with new currencies coming up by the day. Although the online gaming industry was one of the first to adopt these payment methods, some of the best crypto sites have so far focused on adding the most reliable coins on their platform.
For you to feel comfortable using cryptocurrencies on online gaming sites or elsewhere, you need to be aware of what these coins are, including their histories and how they are used on these sites.
Usually, the best cryptocurrency gambling operators offer decent bonuses to boost the joy of the experience. With regard to that, you can find no deposit bonuses or a hefty amount of free spins with your first deposit.
Luckily, today, you do not need to dig deep online to find the best place to gamble with cryptocurrencies. I brought you some of the best places to bet with crypto money.
Below are some of the best cryptocurrencies that gambling uses.
Bitcoin (BTC) is the first crypto, built-in 2009 on the blockchain (a decentralized network). Although there are many other currencies, the number of casinos that accept Bitcoin (BTC) is higher than any other cryptocurrency, which makes it the best to use on a bitcoin casino.
Sports betting companies, mainly in Europe, the United States, and the United Kingdom, have recently adopted Bitcoin as a banking method. Due to its popularity and general acceptance, BTC is the best banking option amongst cryptos. Games for Bitcoin are favorite on so many cryptocurrency gambling platforms, such that some specially featured bitcoin dice games are available.
Another popular cryptocurrency is Ethereum. It is accepted by almost all online gaming sites. It is built on the same principle as BTC, but with higher acceptance speeds, Etherum and the Ethereum blockchain is more effective for those who use it.
It is surprising how this coin gained followings, considering how it originated as a joke. It is even more difficult to believe that Dogecoin is becoming an increasingly important part of the gaming industry.
The Dogecoin crypto has grown in importance, mainly due to the popularity of the currency and its intrinsic characteristics. More and more casinos are emerging that accept Dogecoin as means of payment/withdrawal, thanks to the rising popularity of cryptos.
Another cryptocurrency, launched in 2011 on Github, Litecoin, was born from an idea of a former Google employee. Litecoin is an attempt to create the same decentralized network at higher speeds. Litecoin (LTC) is an excellent alternative to Ethereum and BTC.
It is added daily as a payment method in many online casinos, making it easy for gamers to fund and withdraw from their accounts.
There are many types of Bitcoin games, such as table games, slot machines, dice, and so many others.
Slot machine games include many variations of slot machines. For example, there are progressive slots, jackpots, classic slots, or 3D graphics slots.
Board games include card games such as Baccarat, Blackjack, Poker, Red Dog, and Dice games of Sic Bo.
Blackjack is a card game between the players and the dealer. To win, you need to get as close to 21 points as possible. If you get a higher score, without exceeding 21, you are the winner.
Almost all casinos have many variations of Bitcoin Blackjack. Many of the best Bitcoin casinos also offer Bitcoin Blackjack Live. This means that an active reseller is swapping cards over a video connection. To have a company with you to chat, go with Bitcoin Blackjack Live.
You can bet the game normally on your computer or mobile device. You can also talk to your dealer and other players.
Bitcoin Dice Games
In classic Bitcoin dice games, you have to guess the random number, for example, between 0 and 9999. So you have to choose whether the next role is smaller or larger than the selected number.
You can also decide to look for higher profits or lower profits. Bitcoin dice games generally offer minimal points in the casino house, so this can increase your possible winnings in the long run.
Bitcoin Sic Bo is an ancient game of Chinese origin, which is played with three dices and is quite trendy in Asia and Macau casinos.
Lottery games are number games where you have to choose, for example, six random numbers from 1 to 49. If you are able to guess the right numbers, you win the jackpot.
Bitcoin lottery is a relatively new option for a lottery game. Crypto Games offer a fast-paced lottery game, which you can openly see your chances of winning and the number of winnings, depending on the number of players. The more players participate in the Bitcoin lottery, the higher the jackpot.
Poker was initially a 5-card game that combined skill, strategy, and play. Of course, there are dozens or hundreds of variations today, with varying amounts of cards, rules, and betting systems, and depending on the variant, poker games can include betting rounds. In video poker, the option of throwing one or more cards in exchange for new cards, hoping to get a better hand is available.
Roulette is a game with random numbers in which the wheel spins, as the name of the game implies in French. Almost all crypto casinos have Bitcoin roulette games in their selection.
You can choose to place bets on a single number, combinations of numbers, or, for example, red or black numbers. Depending on the outcome of the wheel and the roulette, you can earn up to 35 to 1 payout.
The idea of slot machine games is straightforward. All you have to do is spin the reels and hope to get the right combination to win. Most crypto gaming sites offer different types of Bitcoin slots.
In many slot machine games, you can choose the number or the direction of the lines. The more lines you bet, the better your chances of winning. Slot machines are a great option for a quick game session. You can also play slots with a minimum bet limit if you are interested in mini-games.
When it comes to gambling, there are several factors to consider, but it is paramount to do some research on the site of your choice.
Get to know and understand the sites, the crypto they accept, and the mode of deposit/withdrawal, as well as client data protection policy, among others.
I have listed some of the top gaming sites, but the list of crypto gaming sites is inexhaustible.
Now that you know what crypto casino is all about and also some of the best cryptocurrencies(Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Litecoin, etc.) used by online gambling platforms, I wish you well as you earn more money from using bitcoin and other forms of crypto on online casino games.
Crypto gambling is the act of engaging in gambling using cryptocurrencies as a means of exchange (both deposits and withdrawals). Most crypto casinos use a fair and autonomous cloud-based betting environment for all users.
What is provably fair in Bitcoin Gambling?
Provably allows you to check if the outcomes of the games are fair. If the result of a game turns out to be correct, you could test the impartiality later. Of course, this is not possible in the real world, but in casino games, fair games are welcome.
In online gambling, honest casinos or casino games have an algorithm that can be analyzed. The result indicates whether the bet was random or not.
Can I gamble with cryptocurrency?
Yes! With cryptocurrencies such as BTC, Ethereum, Bitcoin Cash, Dogecoin, Litecoin, and several other forms of cryptocurrencies, several sports betting platform has incorporated crypto gaming into their casinos making it possible for gamblers to use cryptocurrency for gambling.
Where can I gamble Bitcoin?
Once you have bitcoins in hand, you can use them to gamble on any user-friendly Bitcoin gaming platform. You can also check the platforms that I recommend.