Cryptocurrency casinos are experiencing a massive boost in popularity in the world of online casinos. More and more casinos that only accept crypto as their payment methods are increasing, and regular casinos are also starting to offer crypto payments alongside fiat options.
Much of the talk in the casino industry is that crypto casinos are the future of online gambling. Here we detail six advantages crypto casinos have over traditional online casinos.
Bigger and better bonuses
One of the main ways players decide whether to play at a casino is the offers available, especially for new players. Traditional casinos usually offer welcome offers or packages whereby players get a matched bonus on their first or first few deposits.
These can seem quite generous but are usually capped at a maximum of $1,000 to $3,000. Crypto casinos have taken casino bonuses to the next level.
Players at top crypto casinos like Cloudbet can claim up to 5 BTC in bonuses! 5 BTC was worth over $115,000 on August 17. As you can see, the bonuses just can’t compete – crypto is far better.
Other crypto casinos offer welcome packages of up to 1-4 BTC in bonus offers. Gone are the days when you have to scour the internet to try and find generous offers. They are already here, and they are at crypto casinos.
In addition, many crypto casinos don’t have wagering requirements on their bonuses or offer much lower playthrough requirements than regular online casinos.
The promotions for all players are always more generous too. The biggest and best bonuses are at cryptocurrency casinos, whether it’s $100,000 weekly giveaways, $50,000 tournament races, crypto jackpots, free crypto for completing challenges, or free cash for referring your friends.
Another problem with traditional online casinos is that they are always limited with what payment methods they can provide.
Each country has different licensing, and regulatory hurdles casinos have to try and balance. That means players in Canada have different options from those in India or the United Kingdom, for example.
Many banks block gambling transactions, and depositing and withdrawing your winnings can be a frustrating experience.
Crypto solves that problem. Crypto doesn’t care where you live, so you can avoid restrictive gambling laws in your country of residence and use genuinely global currencies.
All crypto casinos accept Bitcoin and Ethereum as a minimum. But most also accept the likes of Bitcoin Cash, Litecoin, Dogecoin, Tether, and Ripple.
Other crypto casinos accept Solana, EOS, Monero, Binance Coin, Tron, Polkadot, USD Coin, and dozens more tokens. Whatever crypto you hold, you can play at crypto casinos.
Many even have their own built-in exchanges that let you trade your crypto for crypto accepted on the site – all free and all secure, powered by blockchain technology.
Provably Fair games
How do you know the games are fair and random when you play at an online casino? Players are expected to trust that the games are fair because the casino says they are. But doubt will always remain even if the casino has third-party accreditation saying the games have been tested and are random.
Unfortunately, unlicensed online casinos using pirated games exist where players have no idea they are playing dodgy rigged games.
The new generation of crypto casinos have Provably Fair games where the player can manually check every game round or spin to prove the game was fair and not manipulated in any way.
The most popular crypto games like Bitcoin Dice, Plinko, and Crash have these Provably Fair algorithms, which can be verified on the blockchain using a seed hash.
It’s a complicated process for those who don’t know much about it, but if you see Provably Fair games, you know for sure you are playing at a safe and secure casino.
Also, the return-to-player (RTP) on most Provably Fair games is usually 99% – much higher than traditional casino games.
Players at online casinos are always restricted by limits. Limits on how much you can deposit and limits on how much you can withdraw. At the best crypto casinos, these limits don’t exist.
Players can deposit and withdraw as much as they like in one transaction. If you enjoy a huge jackpot win, you don’t want to have to wait a year to be able to withdraw all your winnings. This happens at regular casinos all the time, but not at crypto casinos.
The biggest complaint about online casinos is that they are slow payers. The internet is full of bad reviews of traditional casinos for refusing to pay out or delaying withdrawals for as long as possible – usually, until players give up or gamble back all their winnings.
With crypto casinos, withdrawals are instant or as close to instant as they can be, depending on how fast the blockchain is that day.
The top crypto casinos promise you your money within 10-15 minutes. Even the best regular casinos take a day or two to process payments.
Crypto casinos charge nothing or tiny amounts for withdrawals (it all depends on gas fees). Anyone who has had a nice win at a normal casino and requested a bank transfer for their winnings will know how high the costs can be.
There can also be no dispute about payments being made or not received with crypto casinos. Everything is there on the blockchain for transparency.
Most crypto casinos are not anonymous – that’s a myth. Any regulated licensed crypto casino (and you want to avoid unlicensed casinos of any type) needs to know who its players are to comply with money laundering and anti-terrorism laws.
But typically, they require you to share less personal information, and any payment transactions are much more anonymous than fiat methods. Many people don’t want their bank to know they are gambling and so using crypto keeps that information secure.