Crypto casino is one of the innovations in the world of cryptocurrency and blockchain technology. It is the latest form of online gambling that is taking over from the old form of casino.
You must have heard about the casino that is synonymous with the city of Las Vegas, in the United States. Crypto casino is steps ahead of this traditional form of gambling.
In this post, we’ll learn about crypto casinos and their possibilities. For the sake of beginners, let’s look at the elements of crypto casino-cryptocurrency and blockchain technology.
What is Cryptocurrency?
Cryptocurrency is a digitally encrypted, decentralized currency that is not linked to or regulated by any government or central bank.
It is based on blockchain technology, which is a distributed ledger framework. Bitcoin is the first cryptocurrency created which has led to the creation of others alike known as altcoins.
Cryptos are categorized as virtual or digital currencies. They were originally developed to provide an alternative mode of payment for online transactions.
However, cryptocurrencies have not yet been generally adopted or legalized by many nations. They are actually too unreliable to be used as payment methods.
What is Blockchain?
Blockchain is a distributed ledger that is managed by a network of computers. It maintains an exact copy of the database and updates its records by consensus based on pure mathematics.
Blockchain store data in block that are then linked together via cryptography. It can be used to store different types of information but the most common use so far has been as ledger for transactions.
Blockchains and cryptocurrency are part of the most used words in our world today. Although it is known for its role in cryptocurrency system, it has several other functions.
What is Casino?
A casino is a facility for certain types of gambling. Casinos are often built near or combined with hotels, resorts, restaurants, retail shopping, cruise ships, and other tourist attractions. Some casinos are also known for hosting live entertainment, such as stand-up comedy, concerts, and sports.
The old casinos were villas or summer houses with a unique atmosphere, where people meet for entertainment. The old casino makes use of physical money to gamble. Customers gamble by playing games of chance, sometimes with an element of skill, such as craps, roulette, baccarat, blackjack, and video poker.
Today, there are online casinos enable gamblers to play and wager on casino games through the Internet. It is a prolific form of online gambling.
The latest form of casino is the digital currency casino. Although the form of entertainment associated with casino remains it has really changed.
What is Crypto Casino?
Crypto casino is different from the old form of casino because you have to bank in cryptocurrency. This means that you can fund your casino account with digital currency & withdraw your money using crypto.
Bitcoin, the biggest and most popular cryptocurrency is used in funding casino accounts. Other altcoins are also used in funding casino accounts. There are online platforms where you can play this games by using your digital asset.
This new type of casino is a form of gambling that is largely unaffected by government regulation as it is decentralized.
5 Things You Should Know About Crypto Casino
1. There are crypto gambling sites which offer faster payouts, exclusive games, & better bonuses than old form of casino.
2. Players believe that crypto casino is the safest form of gambling. This is because it provide users with privacy and complete due-this is due to its decentralization.
3. Online crypto casino provide beginners with an in-house wallet that players can use to transfer their crypto. The wagers that the casino accepts depend on the stored funds of a user when it comes to facilitating games.
4. Crypto casinos are software programs that can run with little or no human intervention. The online platform are programmed to deliver results in random. This makes it a fair and transparent way to generate extra winnings.
5.This latest form of casino rely on random number generators to create the odd. This means that providers can’t cheat or change the game in any way.
Top Crypto Casino Platforms
In 2014, Bitstarz entered the online casino scene as one of the first platforms to support Bitcoin gambling. Today, Bitstarz is the leading Bitcoin casino, summing up all the pros of crypto gambling.
You will find 3,500+ games from 19 of the leading providers on Bitstarz. The gaming catalog alone ranks Bitstarz among the best Bitcoin casinos.
Players can join over a thousand slot games, over 40 table games, including blackjack, roulette, baccarat, and poker, plus a few bingo options on the side.
Bitstarz is one of the top Bitcoin casinos in terms of game variety. Banking options include eight cryptos: Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Cardano, Tron, Ripple, and Dogecoin.
The minimum deposit is 0.0001 BTC. When cashing out, you can withdraw anywhere from $50 to $20,000 per transaction. Payouts are handled instantly.
2. 7Bit Casino
7Bit was launched in 2014 and currently offers a fantastic collection of slots and card games. The 7Bit gaming repository counts 1,200+ slot titles from 26 software providers. The table games offering is one of the best, with blackjack, poker, baccarat, and roulette games.
The 7bit welcome package offers users up to 5 BTC and 100 free spins. The first deposit reels in up to 1.5 BTC and 100 bonus spins at a 100% match rate.
This crypto gambling platform doesn’t just accept Bitcoin but seven other cryptos: Bitcoin Cash, Ethereum, Ripple, Litecoin, Tether, Tron, and Dogecoin.
The fee for depositing Bitcoin is 0.00002 BTC, while other cryptocurrencies are free. BTC withdrawals don’t carry any fees for payout requests of 0.0005 BTC or higher. The minimum deposit you can make is 0.0005 BTC.
Slots.lv Casino is the best option for players seeking crypto banking options and high-level Jackpot games. The repertoire covers around 250 casino titles. Among the highlights, you can check around 200 slot games and 30 jackpot games.
The catalog includes several table games and tournaments across the year. Popular options include Panda’s Go Wild, A Night with Cleo, Gold Rush Gus, and more.
Slots.lv Casino is not a crypto-exclusive casino but it does support several cryptocurrencies, including Bitcoin, Litecoin, Bitcoin Cash, Ethereum, and Tether.
As for payout processing time, Bitcoin Cash and Litecoin usually take up to an hour. Other cryptocurrencies take up to 24 hours to clear.
Also Read– Top 5 Crypto Myths You Should Know