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Cryptocurrency in a casino: a new trend or waste of time?

Some casinos in Las Vegas announced that they will accept cryptocurrency payments by players. Moreover, some casinos develop blockchain gambling sites. Why is it in demand and what should we know about that?

Many legal casinos and slot machines available in New Zealand provide crypto payments. The main reason for the legalization of casinos was an appearance of full control of payment within the casinos, winnings, and their safety. Therefore, this new trend with crypto casinos allows operators to accept safe payments. On top of that, players feel safe while making transactions, since casinos may seem dubious for the first time.

Nowadays, it’s already possible to transfer money via cryptocurrency wallets. So, you can make a deposit, and even withdraw winnings. As a result, it allows players not to wait for international transfers for several days, and avoid paying commission to banks.

The same policy is going to appear in the land-based casinos. On the page below, we will give you everything you need to know about crypto casinos. Including the main threats that players may face.

What is a crypto casino?

By and large, the “cryptocurrency casino” differs from the usual one only in the key payment instrument. They use not fiat money, but digital coins.

Otherwise, crypto gambling platforms are no different from ordinary online casinos. Here you can also find thousands of types of slots, roulette, or, for example, sports betting.

Among the features of crypto casinos, they provide crypto wallets that store digital coins. Typically, these wallets have places for the popular “crypto”, including Bitcoin, Ethereum, Binance, XPR, and others.

But, it’s not as tasty as you may think. As well as regular casinos, crypto casinos still have some restrictions regarding the withdrawal of funds to the personal account. But, as time shows, top online casinos worldwide with a good reputation do not delay payments, and cryptocurrency transactions are faster than traditional e-wallets, or banking cards.

Why did crypto casinos become popular?

Obviously, the main concept of cryptocurrencies has become the key to the popularity of crypto casinos today. Users like the idea of ​​secure and anonymous transactions that are very difficult to track or fake.

This payment method allows players to avoid bank fees and various third-party payment systems by sending money directly to their accounts.

The cryptocurrency transaction process does not require the transfer of personal data, bank account information, or identification documents. And modern crypto exchanges allow you to do this as quickly as transferring money to your friend via bank application.

In addition, some land-based casinos in Las Vegas began to promote the idea of ​​a cryptocurrency in a casino. A couple of weeks ago, the management of the Resorts World Las Vegas hotel-casino announced a partnership with the Gemini cryptocurrency platform.

In the beginning, at Resorts World Las Vegas players could only pay for non-gambling things. But the administration assures that soon players will be able to buy gaming chips with cryptocurrency. However, it’s necessary to approve the use of cryptocurrencies in casinos at the legislative level.

The main obstacle for casinos to introduce cryptocurrencies in casinos is the government regulations. In different countries, there are different attitudes toward bitcoin and other cryptocurrencies.

Blockchain

Another feature of the use of cryptocurrencies in gambling is blockchain technology, which supports all digital coins without exception.

The fact is that with the help of a decentralized chain, you can create random number generators (RNG). In general, this is responsible for the operation of all online slots and even poker rooms.

By the way, in early 2021, multiple world poker champion Phil Ivey confirmed his intention to be an ambassador. He contributes to the launch of Virtue Poker, the first online poker platform on the blockchain.

In the near future, casino developers should present their decentralized product, which guarantees the principles of fair play, a high degree of protection of users’ money, and comfortable use of the poker room.

The balance of each Virtue Poker player will be stored on their Ethereum wallets, and the money will go directly to the poker room only during the game.

This means that if a casino suddenly closes, all users’ money will remain with them.

Conclusion

Crypto casino is a pretty good idea, or rather a technology that is already playing a big role in some casinos.

The problem with this lies only in government control and hatters of cryptocurrencies, who do not consider digital money to be a reliable financial means.

However, in the case of the development of the correct and successful use of crypto casinos, they can solve the main problem of the players, which is the quick transfer of funds between accounts and full control over the transactions they carry out.

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FAQ

If you deposit through any payment option, there are definitely limits on the size of the available deposit and withdrawal amount and fees. We recommend you check the banking fee in the cashier section of your internet banking app and casino account. So, you better choose the method that does not apply to any fees. However, limits on the deposit and withdrawal amount are the wides among all payment methods.

Gambling seems very suspicious for most people, especially those who don’t play online games for money. The stereotype that online casinos are all cheating and don’t actually pay out is true only for the actual frauds. There are many fraudulent casinos on the net that you can easily stumble upon.

However, the picture is not that bleak. The fair gambling sites exist too. And there are a lot of them. Such online casinos take care of their customers. The players get the appropriate support and overall service including constant payouts.

If you have experienced gaming with frauds, you obviously chose the wrong casino. What you need to do in order to avoid the ‘bad’ casinos is to follow simple rules. The recommended actions won’t take much time but they will certainly save your wallet.

  1. Make sure the casino is totally safe. The legal site must have the license. This document proves the online casino operates under strict regulations. The reputable licensees are Malta GA and UKGC. You can also meet some others like Curacao or Costa Rica. Though the latter is not recommended.
  2. The certified games. All games are supposed to be randomized. Thus casinos cannot rig them. That is why there are authorities that issue RNG certificates. They are mainly eCOGRA or Independent Auditors. They carry out tests of games on a regular basis.
  3. Known owner. Apart from the license sign, the main webpage of fair online casinos should contain info about the head company. You can even search for the company reputation on the Internet.
  4. Feedback matters. There is no better proof than the real players’ experience. You have to search for the comments on your selected online casino. Pay attention to mostly negative ones. As a rule, they are more real. Consequently, they can pay you out.

Slot machines have always been attraction number 1 for gamblers. From long ago the hot-eyed players came into the casino venues with big enthusiasm to play slots and win right away. It feels funny that even after decades people still can’t find the way to win at slots. This perfect mechanism run by RNG has hardly ever failed online casinos. Slots bring much profit to the sites and keep attracting players as if using some magic.

Not a single doubt arises when you read yet another news about the lucky man who won a big sum just spinning the reels. This feels unbelievable as every time you launch the game, you leave it with an empty wallet and angry emotions. How do they win? What is the secret?

Lucky guy

The truth is they are just lucky. This is the secret, the power, the what-you-need. Of course, it may sound too dramatic. Luck has nothing to do with automatic mechanisms like RNG. Still, luck is what we inviolately believe in.

You can’t influence your luck. It’s something given by nature. However, if you study the thoughts materialization and similar spiritual practices, you can approach winnings. But that’s all very dreamy, let’s get to the realistic methods.

Hints to win slots

What I am going to tell you are not really hints, they are rather recommendations. Try to use them even against your will. Even when your heart tells you to make another spin, follow the instructions in full obedience.

  1. The right slot. You should know which slot will make you win. It’s not a guarantee but slots with the RTPs over 95% tend to give the players’ money back to them. So, try to find an interesting slot with an average RTP of 97%.
  2. Practice makes perfect. Before you really deposit and place bets on slots, try to practise the selected game in a free mode. During the free game you can place whatever bet sum you want, you can try out all the bonus features and study the game behavior. As you feel confident in the slot, proceed to the real money mode.
  3. Small bets. Mind that the actual game is not like the free game. Here you can’t play max bet rounds unless you want your money to fly away. Your first several bets should be the smallest. Test the game for real money, don’t let the RNG spoil your day.
  4. Play with the RNG. The randomizer analyzes your bet amount, your total balance and your behavior during the whole session. It’s your right to change bets, you can do it with every spin. I guess you’ve already noticed that the reels and positions sometimes are failing with each following spin. And alternatively they give constant winning results. It’s the game of the RNG waiting for you to give up. But you can play with it too, Whenever it gives winnings, raise bets, when losses – lower it to the minimum.
  5. Quit at the right time. As soon as you catch the winning wave of the random results, quit the game after the first failing spin. It’s a high probability that you will have a losing track of rounds. It’s hard to stop but you have to press the cross sign. Realize that you’ve already won the slot! Only if you quit the game right away, you can maintain your winnings and withdraw them.

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