Decentralized Casinos & Gambling Dapps
With the rise of cryptocurrencies and blockchain technology, online gamblers got another exciting option – decentralized casinos. It’s a new and unique way of gambling online since these sites are way different than regular crypto casino sites.
About DappCasino
DappCasino.io offer unique filters to find the best-decentralized casinos, such as KYC requirements, VPN allowance, RTP and much more. They believe decentralized gambling is revolutionary and have listed only trusted casinos that they have reviewed for a safe and secure gaming experience.
Benefits of Decentralized Casinos
Not only do decentralized casinos accept BTC, ETH, and other crypto coins for depositing and showing your casino bankroll, but they also utilize blockchain technology at their core. By operating on blockchain, these sites can offer plenty of benefits to crypto players, and these are some of their key advantages:
- Transparent and fair gambling – Decentralized casinos don’t need to rely on casino games operated by RNG technology and pre-determined chances of winning. instead, they offer what’s referred to as “provably fair games” and these games also use the cryptographic hash to run and verify the outcome of game rounds. Since you get both parts of the hash code (one before the game and one after the round ends), you can physically check the game fairness and that’s something that regular casinos can’t offer due to their house edge.
- Instant deposits and withdrawals – Another key advantage of these sites when compared to traditional online casinos is fast payment processing. You won’t have to bother waiting for high-roller payments and withdrawals to be confirmed by the site or to go through the waiting period and pay extensive fees. With decentralized casinos, you can receive your winnings in your crypto wallet in no time.
- Increased security – On decentralized casinos and casino Dapps, you won’t have to go through the registration process and provide personal details to start playing. It all works on the blockchain and there’s no need to submit your banking information or expose any of your private details. It’s all fast, secure, and anonymous.
- Crypto-specific bonuses and promos – Having in mind that decentralized casinos have lower operative costs, they offer plenty of casino bonuses to players. What’s more, some of these bonus offers can’t be grabbed on regular casino sites, making these sites the go-to place for crypto players.
- Higher betting limits – For high-roller players, decentralized casinos are simply better since you can get in and get out fast with crypto balances and bet much higher amounts than with fiat currencies and regular casinos.
- RTP up to 99% – Decentralized casinos have higher RTP games because they typically operate on blockchain technology which ensures transparency, fairness, and eliminates the need for intermediaries, ultimately reducing costs and increasing payouts to players.
Unique Casino Games
Along with numerous other benefits, casino Dapps also offer extensive gaming portfolios. These include provably fair games where you can check the game fairness, as well as live dealer games and slots just like in regular casinos. Here’s a list of some of the most unique games on dapp casinos:
- Crash game
- Dice game
- Plinko gambling game
- Mines gambling game
So, you get the same experience as the traditional online casinos with the addition of fun and fair provably fair games.
Best Decentralized Casinos & Gambling DApps listed and reviewed
Website: https://dappcasino.io/
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How Do Social Casinos Support Charitable Causes?
Social casinos have become increasingly popular over the past few years. It’s safe to say that they have emerged as a viable way to enjoy games without the risk of losing real money. People who play at social casinos do so for fun, and for the challenge, rather than for the chance to win prizes.
Perhaps surprisingly, these casinos are also pretty great at supporting local and national charities. Of course, it depends on the specific social casino you are using, but many brands publicly support numerous organizations, and simply by playing with them, you can help to support them yourself.
Let’s take a closer look at how social casinos are giving a little bit back.
What are social casinos?
Social casinos are much like regular online casinos in regard to the games that are played. However, the money that players ‘bet’ is often virtual, rather than real cash.
Some of the most popular social casino games online include poker, blackjack, bingo, roulette, general card games (with multiplayer options available), and even slot machines.
As the name suggests, a social casino is one that focuses on competition with other players. For example, players can expect to get into a friendly poker game or try their best at skill games to rank higher on leaderboards.
Most players use their smartphones or tablets to access these games. However, they’re also accessible through desktops and laptops. Social games are playable via apps or even social media platforms such as Facebook.
In some cases, games can be accessed for free, and upon signing up, players are given free coins to use on specific games. In others, you’ll need to pay a small fee to access games for fun – for example, via subscription.
Social casinos offer players the opportunity to enjoy classic casino games without the risk involved with online gaming, and without the need for stringent regulation and gambling laws.
But how does this all tie in with charitable giving – how do social casinos share their profits with the world around us?
How do social casinos support charitable causes?
There are multiple ways that social casinos can help to support charities. The first and most obvious way for them to help is via direct donations. ‘Free’ social casinos can make money, for example, from ad placements and in-app purchases.
These in-app purchases typically trade for virtual currency or specific items to improve the gameplay experience. From their profits, casinos can donate a certain amount to causes of their choosing.
Another route is through hosting charity events. Participating casinos usually inform players of a certain date or time when they may participate in competitions and friendly games, and the proceeds go to charity.
Finally, social casinos can encourage their employees to volunteer their time, money or help to certain charities. They can help by organizing fundraising events, for example.
Of course, these methods aren’t exclusive to social casinos. Many online casinos and slots providers give back charitably through similar routes.
Casinos such as Golden Hearts Games are built around the social aspect of gaming, while also setting clear donation goals for specific charities.
What types of causes do social casinos support?
The causes supported by social casinos really can vary. In some cases, casinos will choose ‘social’ causes, such as supporting homeless people or children – thus playing on the theme of being ‘social’.
However, you will just as likely find casinos supporting health causes and environmental charities. In some cases, players may even be able to select the causes they wish to contribute to when setting up an account at the point of registration.
Social lotteries, slot games and card games will still give players something back for making token payments. Participating casinos will also frequently update players on how many contributions they have made.
This can help players to see how much of an impact they make individually to the causes they choose. It’s a helpful touch, as otherwise there may be very little indication as to where their money actually goes.
As always, players are advised to look into charitable causes suggested by social casinos – in the interest of security.
In the case of free social games and casinos, as mentioned, fundraisers and direct charity support will often come into play.
Are social casinos worth playing at?
For many people, social casinos offer a laid-back alternative to traditional Vegas experiences. Many players feel that social games run at a more laid-back pace.
Social casinos are a little different from many traditional games sites in that their focus is on casual play. This means that players often need to pay for in-game purchases or pre-access, but they are not essentially ‘gambling’.
The added dimension here is that social casinos frequently give money to charity or organize special events. For those people who wish to play games and, at the same time, do some good for the world around them, more than a few boxes are ticked.
Online casinos are always evolving, with crypto casinos becoming hugely popular in recent times. However, the social side of gaming offers a slightly different perspective. There will always be serious or even professional casino players, but the casual players (especially those who want to give to charity) are not going away.
Conclusion
Social casinos are not only great if you don’t want to get into the whole Vegas experience, but they’re also ideal if you want your gaming money to stretch that little bit further.
However, it’s worth remembering that not all social casinos will have an obvious charitable giving initiative. If this is the case, then it’s worth contacting a member of the casino’s customer care team for more information.
Those that do give to charity, meanwhile, typically do so very clearly! You’ll often find details on how much they give away and to whom from the front page of their website.
In any case, while traditional online casinos will continue to remain popular, casual players will at least have some options available through which they can do some good.
How to Use Cryptocurrency in Online Crypto Casinos
Bitcoin and other cryptocurrencies have seen tremendous growth, and its promise as a global payment system is now beginning to catch on. As a result of their rising profile, numerous online marketplaces now accept cryptocurrency payments.
Online casinos are one of the most advanced examples of businesses that have embraced cryptocurrencies. Despite the growing popularity of online Bitcoin casinos,” many prospective punters remain confused about how they may place wagers using virtual money like Bitcoin. In this article, you’ll find the answers to any concerns about betting with Bitcoin. Also you get to see how to play at sites discussed in this guide
What is a Crypto Casino?
A “crypto casino” is an online gambling establishment that accepts cryptocurrency payments freely. In these online crypto casinos, players deposit Bitcoins into their casino accounts in order to wager on games.
Betting with digital currency is one of the safest options since it gives users privacy and complete control. You may find several online crypto casinos that adhere to the same standards as normal casinos.
How to Use Cryptocurrency in an Online Casino
Online Bitcoin casinos provide the full selection of games found at traditional online casinos. Here are the procedures you must take if you want to use cryptocurrency in an online casino:
Get Crypto Wallet
Make sure you have a place to keep your Bitcoin or other cryptocurrencies before you acquire it. A cryptocurrency wallet is a secure location to keep your Bitcoin that any unauthorized parties can’t access. Mobile wallets may be downloaded from your phone’s app store, while desktop wallets can be accessed using a web browser.
Using a private key, you are able to access your wallet. Keep this to yourself; it’s confidential. If someone does not know your private key and seed phrase, they cannot access your wallet or make any changes to it.
Pick a Cryptocurrency
You must first make a monetary deposit in a kind of digital currency supported by the site you intend to play on. Bitcoin and Ethereum are two of the most popular cryptocurrencies; thus, you may wager with them at most online Bitcoin casinos.
Transfer to Your Casino Account
Your newly purchased crypto coins may immediately be deposited into your account at a Bitcoin-based gaming website. This allows you to play for as long as your initial investment lasts. Similarly, after receiving a payout, you can do so using your cryptocurrency wallet before exchanging the funds for fiat currency.
Withdraw Your Winnings
The most enjoyable aspect of every game is winning and collecting your prizes. You can’t spend your money until you go through the withdrawal process once you win. When playing at online Bitcoin casinos, you may expect to receive help from the site itself to withdraw.
The first step is sending the money to your cryptocurrency wallet. Whatever you decide to do with them from here on out is entirely up to you.
After the funds are converted into fiat currency, they may be deposited into your bank account. You may use your Bitcoins to buy things online or play at online Bitcoin casinos for longer. You are now prepared to dive headfirst into the exciting world of Bitcoin gaming.
Benefits of Betting With Cryptocurrency
There are a number of advantages to using Bitcoin for a gaming site. Here are the top reasons why online casinos should accept Bitcoin as a payment method.
Security
Depositing funds into an online gaming account using cryptocurrencies is a major perk because it’s completely risk-free for gamers. The reason for this is the widespread adoption of blockchain technology by online Bitcoin casinos. This ensures the complete openness, traceability, and irreversibility of all exchanges.
Furthermore, the blockchain is a decentralized, open-source ledger that any central authority cannot control. Consequently, players can trust that their money is secure at these online Bitcoin casinos as only they have access to it.
Anonymity
The cryptocurrency gaming market has grown quickly in recent years. There’s a growing need for sites that let you play with cryptocurrency. Most individuals are interested in taking advantage of this convenient and secure type of online gambling.
The anonymity offered by a cryptocurrency gaming site is a major selling point. You are under no obligation to disclose private information or financial particulars.
Depositing funds into your account couldn’t be easier, provided you have access to the internet and some kind of cryptocurrency. In fact, you have the option of being completely anonymous when placing your wagers.
No Restriction
You may participate in the casino from any location in the world. Online Bitcoin gambling is not restricted to any certain jurisdiction or location. This paves the way for convenient access to a variety of online casino games at any time and from any location.
Betting with cryptocurrencies also has the advantage of being extremely convenient. Since there is no need to handle cash, there are no withdrawal limits or associated costs. You can play immediately without having to wait for a deposit.
Bonuses
Most respectable online Bitcoin casinos are prepared to provide their consumers with a one-of-a-kind Bitcoin gaming experience. The best Bitcoin and cryptocurrency gambling sites prioritize providing their players with a fun and rewarding Bitcoin betting experience.
When a player makes a successful crypto deposit, some sites even give them a bonus of their own cryptocurrency. However, there are online Bitcoin casinos that provide speedier transactions and reduced costs to crypto gamers. The goal is to provide crypto gamblers with a really unique and memorable experience.
Instant Transactions
Withdrawals processed in traditional currencies take anywhere from several hours to seven days. However, cryptocurrency withdrawals are processed instantly.
When utilizing a method like a bank account, you’ll often be asked to provide identification details before playing. For this reason, using Bitcoin for gambling is completely anonymous.
Conclusion
Evidently, this whole guide provides adequate details on Bitcoin gaming. Players may benefit greatly from the increased safety, privacy, and speed of transactions offered by blockchain-based gambling sites.
Lastly, be careful when placing online wagers with your cryptocurrency. As with any kind of gambling, only risk money that you can afford to lose. If you stick to this rule, crypto gaming will become a thrilling hobby.
| Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Best New Zealand Crypto Online Casinos & NZ Sites
The popularity of New Zealand crypto casinos is on the rise. In this article, you can discover the ins and outs, how they work, and some advantages of using cryptocurrencies over fiat payment methods for gambling. You can also look at the best sites and find out how to claim the exclusive 5% rakeback bonus at Stake.com with the promo code: MIKBONUS.
Top New Zealand Crypto Gambling Sites
- Stake.com: The best operator for exclusive promotions for new players
- BC.GAME: Great perks and additional bonuses for VIP Club members
- Cloudbet: Trusted bitcoin betting brand since 2013
Compare New Zealand Crypto Casinos for Offers
In this table you can directly compare the offers, games and unique elements of the three operators mentioned above:
| Site | Best For | Welcome Offer | Games |
| Stake.com | Exclusive offers, high profile sponsorships and original games | 100% deposit match and exclusive 5% rakeback promo code: MIKBONUS | Slots, table games, game shows live casino, provably fair |
| bc.game | VIP Club perks | Reward up to $20,000 | Slots, table games, live casino, high volatility, provably fair |
| Cloudbet | Casino, sportsbook and esports crypto betting | 100% deposit match up to 5 BTC | Slots, table games, live casino, high rollers, virtuals, provably fair |
Win Money Playing at New Zealand Crypto Casinos
At a crypto casino, you have the same chance of winning money as you would at a conventional gambling site. In fact, the chance of winning at a crypto casino is statistically slightly higher, due to the presence of more highly volatile games, the lower house edge and the higher average RTP.
How Does the Currency System Work?
The currency system at a cryptocurrency casino differs slightly between operators. At an exclusive crypto casino, you will only be able to deposit and bet using cryptocurrency. Meanwhile, other cryptocurrency sites also accept fiat currency payments, meaning that you have a choice.
It is also important to highlight the difference between the currency you use to make your deposit, and your “account currency”. Because bitcoin and other cryptos are notoriously volatile, most operators will allow you to use a stablecoin, like USDT, or even a fiat currency like NZD as your account currency.
What this does is make it easier to track your bets, wins/losses and account balance. For example, a $5 bet on a game is easier to process at a glance than a 0.00029 BTC wager.
How Does The Coin System Work?
If you want to make a deposit into a casino account using cryptocurrency, you will have to buy some first if you don’t own any already. This can be done by getting a crypto wallet and then purchasing some coins at an exchange.
Sometimes, this can be done all on the same site. There are some crypto casinos that allow you to get a wallet and purchase crypto at an exchange directly from the banking section of your account on their site.
To start betting at a cryptocurrency casino, follow these steps:
1. Open a crypto wallet
2. Buy some cryptocurrency at a reputable exchange
3. Open an online casino account with your chosen operator
4. Make a crypto deposit into your account
5. Overt account currency to USDT or fiat (if available and if desired)
6. Start playing and betting
7. Withdraw winnings (if you get lucky and have some)
8. Rinse and repeat
How to Play Without Buying Coins
On the whole, it isn’t possible to play properly without buying cryptocurrency and making a deposit first. Many operators do have demo versions of their games that you can try out for fun using virtual currency before registering your account. However, you cannot win real money, as demo versions are only for test purposes.
Another way to play without buying coins is by seeking out a no-deposit bonus. Such offers are rare, but they do exist, and they allow you to play at least some slots properly before buying and depositing crypto into your casino account. You should note that pretty much all no-deposit bonuses will come with a wagering condition that will require you to make a real deposit before you can withdraw any winnings.
How to Get Free Coins
Opportunities to get free crypto coins at a casino site are rare, especially for new players. However, there is one notable chance at Stake.com.
If you register your account and use this promo code: MIKBONUS, you will activate a 5% rakeback bonus. This gives you 5% of the house edge back on every wager that you place on all games over a seven day period. At the end of the seven days, the bonus is paid directly into your account balance, effectively giving you free coins.
While this promotion at Stake.com is the only one open to new customers, you will find other offers for existing customers and VIPs elsewhere. For instance, at BC.GAME, high-level VIP Club members can get free coin bonuses without wagering daily.
Best New Zealand Crypto Casinos Online
There are three cryptocurrency casinos available online in New Zealand that stand out. A short review of each has been provided below, alongside some bullet points summarizing the main advantages each one offers.
The reason why Stake.com is considered to be the best crypto casino for customers is because of the extra bonuses available. The regular welcome offer consists of a 100% deposit match worth up to a potential $1,000. While this offer is good, it is pretty standard within the crypto casino industry.
What makes Stake.com really stand out, is that on top of that, new players can also claim an exclusive 5% rakeback bonus with the promo code: MIKBONUS. At most other casinos, such offers are generally reserved solely for existing customers in VIPs.
The casino lobby contains well over 3,000 games, including slots, game shows, table games and live dealers. You can find titles from top-quality providers, including The Dog House Megaways from Pragmatic Play. Additionally, Stake has its own series of original provably fair games.
On the whole, the games at Stake.com have an above-average RTP, which means you have a better chance of receiving a payout than at most other casinos. The platform is home to a crypto sportsbook as well, and the brand is involved with some high-profile sports-related sponsorships with Premier League football clubs and the UFC.
Advantages of Stake.com:
- Exclusive extra promotions for new customers
- Over 3000 casino games
- Provably fair original games with high RTP
- High-profile sponsorships and partnerships
>> Register Now at Stake.com & Use Exclusive Code MIKBONUS (5% Rakeback!) <<
BC.GAME – The best for VIP players
While Stake.com is the best for new players, BC.GAME has a lot to offer its most loyal members. VIP Club members who reach the higher levels of the program can enjoy massive perks, including exclusive bonuses, weekly rakeback, and even free crypto coin giveaways on a daily basis.
The BC.GAME brand has also built a massive community around its online casino. You can constantly communicate with other players on the live chat feed while playing games. In addition to that, BC.GAME has chat rooms and forums on the following channels:
- Telegram
- GitHub
- Twitch
- BitcoinTalk
You can make your deposits and withdrawals in any one of the 18 different cryptocurrencies on this platform. If you don’t have crypto already, you can buy it directly on the BC.GAMES site and store it in your account wallet.
Advantages of BC.GAME:
- Excellent range of VIP Club perks
- Possibility to buy crypto on site
- Large community built for players
- Thousands of games including originals
>> Register Now at BC.GAME & Use Exclusive Bonus <<
Cloudbet – A reputable operator since 2013
The company behind Cloudbet got into the crypto gambling game at the ground level, launching back in 2013. Since then, they have managed to build a secure platform for players who want to use bitcoin and other cryptos. As a result, Cloudbet has a longer track record to look back upon than most of its competitors.
Despite being one of the older platforms, it has consistently evolved and moved with the times. Here, you can also find provably fair games and even a selection of titles with raised limits for high rollers.
Most crypto casinos offer a higher level of transparency than their fiat currency counterparts, but Cloudbet has raised the game slightly. Below each game is a graphic that shows the live RTP.
Advantages of Cloudbet
- Established secure crypto gambling site since 2013
- Transparent tools showing live RTP for all games
- Massive selection of games
- Huge welcome deposit bonus up to 5 BTC
>> Register Now at Cloudbet & Use Exclusive Bonus <<
Payment Options at New Zealand Crypto Casinos
There are many cryptocurrencies that you can use to make safe and secure deposits and withdrawals at an online casino site. Below, you can look at the five most popular coins for casino gambling in a little bit more detail:
Bitcoin
Bitcoin was the first cryptocurrency ever created back in 2009 and remains the most valuable and widely owned. Built upon the first-ever blockchain, it is a safe and secure deposit method that also offers users complete privacy and anonymity.
Ethereum
This cryptocurrency is built upon its own separate blockchain, which is similar to that of bitcoin but with a few added advantages. It is overall more efficient, meaning that your deposits will be generally processed quicker and you will be charged lower fees.
Ripple
Ripple (XRP) is another safe and secure casino deposit method that differs slightly from the two above. It is a token that is separate from all other cryptocurrencies and blockchains. This makes it cheaper, more efficient, and even more environmentally friendly than other cryptos, as less electricity is required in the transaction and mining process.
USDT
Tether (USDT) is the most popular and widely used “stablecoin”. It is tied to the US dollar, meaning that it is protected against the price volatility that affects other cryptocurrencies. This has made it popular for trading and also makes it ideal for online gambling, as 1 USDT is always equal to $1 USD.
BNB
BNB is the cryptocurrency and blockchain created by Binance, one of the biggest crypto exchanges in the world. Generally speaking, it is an ideal online casino deposit method as its blockchain is even cheaper and more efficient than other blockchains, even Ethereum.
How to Choose New Zealand Crypto Casinos
For newcomers to crypto gambling, the most important part of the process is selecting the right casino. With that in mind, here are a few things to consider that can help to point you in the right direction:
Games Selection
When using a cryptocurrency casino, the thing you are going to spend most of your time doing is playing games. Therefore, to ensure an enjoyable experience, it’s important to select an operator with plenty of games you want to play.
Offers and Free Coins
One of the big advantages crypto casinos have over conventional gambling sites is that cryptocurrency payment methods are much cheaper to support. As a result, you will find that crypto casinos often have larger bonuses with fairer terms and conditions.
Chance of Winning
At the end of the day, chance is the main element that will determine whether or not you win or lose when playing at an online casino. However, you can check out the fairness of the games – and crypto casinos are more transparent than other betting operators. Look for things such as RTP and volatility rating.
Mobile Gameplay
If you do most of your gaming on the move, you might think a mobile app is an essential feature. However, you will often find that a mobile-optimized website can, in some cases, do a better job – and with the added advantage that you don’t need to download anything.
What to Look Out for on New Zealand Casino Sites
As well as the elements mentioned above, you should also ensure that your chosen crypto casino site ticks these boxes:
Security
Even cryptocurrency casinos need to be licensed in order to be legit. On top of that, see what safety and security features are available on the site.
Usability
Test out the site before registering, if possible, and consider the following:
- Navigation
- Ease of use
- Gameplay
- Performance (lags/bugs)
Customer support
Ideally, customer support should be available 24/7 and throughout at least two or three of the following mediums:
- Live chat
- Phone
- Social media
Payment Methods
Always check to ensure that your preferred payment method and/or cryptocurrency is available. The list of cryptocurrencies accepted by an online casino can usually be found by scrolling down to the bottom of the homepage.
Terms and Conditions
Read the T&Cs, privacy policy and other relevant documents to give yourself peace of mind before registering your account.
New Zealand Crypto Casinos – Summary
Cryptocurrency casinos can provide players in New Zealand with an alternative to conventional gambling sites. While cryptocurrencies are notoriously volatile assets, using them for gambling does offer more privacy and security, as well as faster deposits or withdrawals. The most important thing is to use a reputable and trusted operator, such as Stake.com.
FAQ’s
Stake.com is the best crypto casino in New Zealand, and also one of the safest and most trusted. The brand has sponsorship deals with the likes of Drake, UFC and Premier League club Everton FC.
There is nothing in the law that prohibits adults in New Zealand from accessing and playing an overseas crypto casino site. However, crypto gambling operators cannot legally be based in New Zealand. As a player, you can legally deposit and gamble with sites like Stake.com and BC.GAMES.
Yes, in fact, you will often find that crypto casinos have better bonuses than fiat money gambling sites. For example, Stake.com has a 100% deposit match for new players plus an extra 5% rakeback bonus if you use the code: MIKBONUS
| Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Best Canada Crypto Online Casinos & CA Sites
Crypto gambling online is increasing in popularity throughout the world, particularly in Canada. In this article, you can find details about how these websites work as well as all of the information you need to get started.
You can also discover more information about the top three Canada crypto casinos – Stake.com, BC.GAME, and Cloudbet. At Stake.com, new players can claim an exclusive 5% rakeback bonus with this promo code: MIKBONUS.
Top Canada Crypto Gambling Sites
- Stake.com – Massive 5% rakeback bonus for new players with promo code: MIKBONUS.
- BC.GAME – Best VIP club for loyal casino players.
- Cloudbet – Over 1000 crypto slots, live dealers and other games.
Compare Canada Crypto Casinos for Offers
Below, you can find a table with more information about the three crypto casinos mentioned above. At a glance, you can discover the welcome offer, range of games and site USPs.
| Site | Best For | Welcome Offer | Games |
| Stake.com | New customer promotions and original games | 100% match up to $1000 + 5% rakeback with promo code: MIKBONUS | Slots, table games, game shows live casino, Stake Originals |
| BC.GAME | Exclusive benefits for VIP players | Reward up to $27,000 | Slots, table games, live casino, high volatility, BC Originals |
| Cloudbet | Bitcoin betting | 100% deposit match up to 5 BTC | Slots, table games, live casino, high rollers, virtuals, provably fair |
Win Money Playing at Canada Crypto Casinos
When playing at a cryptocurrency casino, you have almost the exact same chance of winning as you would at a regular fiat currency betting site. Just make sure that you use a legit and reputable operator, such as one of those recommended on this page.
In the following section of the article, you can discover a little bit more about how the currency and betting systems work at your average crypto casino in CA.
How Does The Currency System Work?
One of the biggest concerns that new crypto casino players have is tracking their account balance and wagering. The volatility of cryptocurrencies means that the market value can quite literally change by the second.
However, there is no need to be overly concerned. The majority of crypto casinos will lock in your deposit at its market value at the time it is made. Additionally, most casinos at least give you the option to display your balance and wagers in a fiat currency, such as USD.
As crypto casinos are still new to the market in relative terms, there are many operators that also operate using a hybrid model. In other words, they accept both cryptocurrency and fiat deposits and withdrawals. Such sites can be a good option for first-time crypto casino players.
How Does The Coin System Work?
The process of depositing and withdrawing your crypto coins is a little bit different to that of using fiat currencies. Before you can make a deposit at a crypto casino, you first need to get a crypto wallet and buy some coins. Once you have coins you can make a deposit instantly, usually via a QR code or by using the payment address provided by the casino.
When it comes to withdrawals, things work the same, but in reverse. When you have selected the amount that you wish to withdraw in your chosen currency, you then have to enter your wallet address into the box provided. Once approved, your withdrawal will usually be processed within minutes – which is much faster than anything a fiat currency casino can offer.
The most popular crypto coins for betting are:
- Bitcoin
- USDT
- Ethereum
- Ripple
- BNB
How To Play Without Buying Crypto?
It is virtually impossible to play without buying crypto unless you opt to bet instead with a site that also supports fiat currency payments. However, if you deposit using a fiat currency, you will usually have to withdraw your funds to the same fiat currency payment account.
One other way that you can start playing without buying crypto is by finding a casino that offers a genuine no-deposit bonus. However, such offers are rare and will usually come with a condition that requires you to make a deposit before you can withdraw your bonus and any winnings.
How to get Free Crypto?
Opportunities to get free cryptocurrency are extremely rare for new players. In order to get started, you will almost always have to purchase crypto. However, there are some ways that you can get free coins as an existing player on some sites.
For example, VIP players at BC.GAME have the chance to claim free coins every day through boosts and other promotions. The percentage of coins that you can get depends on your VIP level, which is based on your spend and gameplay on the site.
At Stake.com, you can get free coins by signing up using the promo code: MIKBONUS. This gets you a 5% Rakeback bonus, meaning that you can passively win a percentage of the house edge back as a bonus for every wager that you place.
Best Canada Crypto Online Casinos
What follows here are short reviews about each of the three top Canada crypto casinos. A summary of the main advantages of each operator has also been provided to help you decide which one is right for you.
Stake.com has risen monumentally since it was launched in 2017, and it is now perhaps the best-known crypto betting brand in the world. This is thanks in part to some massive sponsorship deals with the likes of Drake, Everton FC and the UFC.
There are over casino 3000 games on the platform, including slots, table games, live dealers and plenty more. Additionally, you also have the Stake Originals – a range of provably fair games. These have proven to be trailblazing in the industry to the point that they now have their imitators.
Some of the best Stake Originals are Crash, Diamonds and Plinko. When it comes to slots, there are plenty of games from some top-tier providers, including Hacksaw Gaming, Pragmatic Play and Play’N’Go. As well as the online casino, Stake.com also has a crypto sportsbook, with markets and odds on a large selection of sports and esports contests.
When you register your account today, make sure to enter this promo code before you deposit: MIKBONUS. If you do, you can claim a 5% rakeback bonus on top of the 100% up to $1,000 welcome offer.
Pros for Stake.com:
- Extra welcome offer 5% rakeback with promo code: MIKBONUS
- Over 3000 slots and casino games
- Original series of provably fair games
- High-profile sponsorships and endorsements
>> Register Now at Stake.com & Use Exclusive Code MIKBONUS (5% Rakeback!) <<
BC.GAME: The top Crypto Casino for VIPs
This crypto casino has a lot to offer if you are a frequent and experienced online crypto gambler. The benefits of being a VIP include wagering-free coins, bespoke offers, weekly reloads and rakebacks plus a whole lot more.
As well as being points based, the VIP Club at BC.GAMES also has a range of tasks that you can complete to unlock rewards, and perks, which makes it more engaging. On top of that, the welcome offer is worth up to a potential $27,000, making this site popular with high rollers.
When it comes to the games, BC.GAMES is as good as any crypto casino, with thousands of options from well-known software studios. Like Stake.com, BC.GAME also has a selection of original games like Dice and Coinflip.
You can filter games based on their volatility, with high volatility games coming from the likes of Red Tiger and Spinominal. BC.GAME does have a sportsbook, however, it is not currently accessible for players in Canada.
Pros for BC.GAME:
- Lots of perks and rewards in the VIP Club
- Selection of high volatility games
- Massive welcome offer worth up to $27,000
- Rakeback and recharge bonuses for existing players
>> Register Now at BC.Game & Use Exclusive Bonus <<
Cloudbet: Best for transparency and high roller games
One of the best features of Cloudbet is the transparency with regard to how the games work. Below every single game graphic, you can see the RTP of the game displayed in blue. Move the cursor over this (or click on it if playing on your cell phone), and you can see other stats for the game, including the volatility rating, number of reels and bonus rounds.
Another notable feature of the Cloudbet site is the section dedicated to high roller games. Here you can find slots, table games and live dealers with raised minimum and maximum limits, which is ideal for big spenders.
Registration can be done quickly and easily through your Facebook or Google account. And as a new player, you can claim a 100% deposit match up to 5 BTC.
Having launched in 2013, Cloudbet is one of the longest-running and best-established crypto casinos in Canada. As well as the casino, there are also separate platforms for the crypto sportsbook and esports betting.
Pros for Cloudbet:
- Transparent with RTP and other game stats
- Selection of high roller games
- One of the oldest crypto casinos – launched in 2013
- 100% deposit match offer up to 5 BTC
>> Register Now at Cloudbet & Use Exclusive Bonus <<
Payment options at Canada Crypto Casinos
There are now hundreds of cryptocurrencies available in the world. However, when it comes to deposit and gambling safely and securely, these options are better than most:
- Bitcoin is the oldest and best-known cryptocurrency that is still the most valuable on the market. As a result, it is considered to be the safest option for first-time cryptocurrency gamblers. The disadvantage is that bitcoin transactions are slower than most other cryptos.
- Ethereum is built on a more efficient blockchain and peer-to-peer system. This means that ETH transactions often have lower fees and faster withdrawal times than Bitcoin. However, its price can be more volatile.
- Ripple is not attached to the blockchain, meaning that it is not decentralized in the same way as other payments. This has led many to consider it to be a safer option, and transaction speeds are also quicker.
- USDT is a stablecoin that is tethered to the USD dollar. This means that its value is exactly the same as the dollar so it offers stability to casino players that other cryptocurrencies cannot.
- BNB is the cryptocurrency that is anchored to the Binance crypto exchange. BNB offers fast transactions, and low fees and can easily be converted into other cryptos if your operator doesn’t accept it.
How to choose new Canada Crypto Casinos
When it comes to finding a new cryptocurrency casino, there are a few aspects that need to be considered. The most important points to consider have been highlighted for you below:
Game selection
Gaming forms a core part of any online gaming experience and so it’s important that the operator you choose to register has more of the games that matter to you. One of the main advantages of crypto casinos is that they usually offer a better selection of games with a lower house edge and higher average RTP.
Bonus offers and free spins
First and foremost, take a look and see if the casino has a decent welcome offer with reasonable T&Cs that suits your budget. Then see what other promotions are available for existing customers, including free spins and the VIP program.
Cash prizes
Naturally, you want to have the best possible experience at a crypto casino. While everything is randomized, crypto casinos are more transparent than conventional ones so you can check most games’ fairness, RTP and payout stats.
Is an app available?
Most players play games on their cell phones or tablets, at least some of the time, therefore an app is essential for many players. If an operator doesn’t have an app, make sure to test out the mobile website, which can often be an ample substitute or even an upgrade on an app.
What to look out for on Canada Crypto Casino sites
In addition to everything above, it’s also a good idea to look out for these features on a crypto casino site in Canada:
Security
Above all else, you want to make sure that you have a safe and secure experience, so ensure that your chosen site has the following:
- A valid gambling license
- Encryption technology
- Account protection like 2FA
- A track record of safety
- Good reviews from currency users
Usability
Test out the website and/or app to see if you find it easy enough to use and navigate.
Customer support
Of course, the best case scenario is that nothing goes wrong. However, if it does, you want to be comfortable with the knowledge that help is at hand. Look for 24/7 customer service via live chat, email, social media and phone.
Payment methods
Take a look to see if your preferred cryptocurrency is accepted for deposits and withdrawals. If you also want to use fiat currencies, make sure that is an option.
Terms and conditions
No one enjoys reading the small print, but doing so is essential to ensure that you will have a safe and secure experience overall when using the site of your choosing.
Conclusion – Best Canada Crypto Online Casinos
Crypto casinos offer players a number of advantages, including increased privacy, lower fees and faster withdrawals. Additionally, most operators also have a wider selection of games with a better payout ratio. For first time players, it’s worth using one of the top recommended crypto casinos in Canada:
Canada Crypto Casinos FAQ
Although cryptocurrencies are relatively new to the market, there are still a number of trusted and legit operators in Canada. Stake.com is the most trusted brand, thanks to its high ratings and big sponsorships with the likes of Everton FC, Drake, UFC and Sergio Aguero.
As well as being the most trusted brand, Stake.com is also considered to be the best crypto casino in Canada. There are over 3000 games in the lobby, with transparent payout systems and a high RTP. You can claim an exclusive 5% rakeback at Stake.com today with this promo code: MIKBONUS.
In general, cryptocurrency casinos have faster payouts than conventional fiat currency operators. The top three crypto casinos for fast payouts in Canada are:
1. Stake.com
2. BC.GAME
3. Cloudbet
| Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Best Crypto Casino’s & Sports Betting Sites for 2022
Crypto sports betting platforms such as BetU.io are becoming increasingly popular because of their convenience and security when it comes to betting on sports events. These platforms use cryptocurrency to place bets, which offers many advantages over traditional fiat currency.
BetU also has their own internal cryptocurrency, the BETU token, that can be used to place bets. The platform also offers many incentives for people to hold the BETU token. With the demand on sports betting increasing year on year, it may be a great cryptocurrency to invest in for the long term.
Crypto sports betting platforms often offer lower fees, faster payouts and provide more anonymity for users, making them a popular choice for sports bettors looking for a convenient and secure way to place their bets.
Using cryptocurrency is a great way to get involved in the enjoyment of sports betting. With its many benefits, including safe transactions, higher odds, and bigger returns, it is no wonder that this type of betting is becoming more preferred by sports bettors across the world.
The user interface of BETU.io is user friendly for booth sports & esport enthusiasts. It is also one of the most transparent Online Sports Betting Casinos in the crypto space.
BetU.io is also ready for the Dota 2 International as the esports betting industry continues to expand rapidly year on year.
Dota 2, League of legends, Valorant and Counter-Strike are some of the leading esports that attract a lot of users for these Online Crypto Casino’s.
Enthusiasts consider these 3 crypto betting platforms as their top choice in 2022
1. BetU
BetU ranked number 1 due to the fact it provides its BETU token holders multiple benefits, including up to 15% lossback on sports betting and 15% rakeback on casinos.
The BetU sports betting platform has recently launched, but the company has been garnering enthusiasts’ interest since early this year (2022) with their EarnU play-to-earn (P2E) sports & esports prediction game.
The BetU platform also offers ease of use with its traditional bookmaker services and is planning to enhance the experience with peer-to-peer betting, making way for better odds and bigger payouts.
In addition, The BetU brand is undoubtedly community-first with their soon-to-come licensed Metaverse resort and crypto casino, where players can enjoy interactive games and experiences. BETU tokens are also used to power the entire BetU Verse, and all holders are granted benefits and incentives, including exclusive NFTs and governance of the platforms.
Unlike any other crypto sports betting platforms, BetU is committed to making an impact beyond providing web3 betting perks. The team will soon establish a BetU Charity to support those greatly affected by gambling addiction, especially children and other vulnerable individuals.
2. Stake.com
Stake.com is a crypto gambling site offering casino games, sports betting, and lottery, owned and operated by Medium Rare N.V.
Launched in 2017, the platform provides a wide range of casino games, including slots, blackjack, roulette, baccarat, and craps. They also offer betting opportunities on various sports, including football, basketball, baseball, and hockey. In addition, Stake.com offers a lottery with a jackpot that starts at 1,000 Bitcoin.
Stake.com is one of the most popular crypto gambling sites, with over 5 million active users worldwide. Stake’s rapid growth has been the result of many sponsorship partnerships with companies like the UFC, and superstar athletes such as Israel Adesanya & Jose Aldo. Stake.com also sponsors the Watford Football Club.
3. Sportsbet.io
Sportsbet.io is another popular crypto sports betting platform that offers a wide range of sports and events to bet on. As one of the most popular betting sites in South America, the site is particularly well known for its football betting offerings, which include a wide range of leagues and competitions globally.
In addition to football, Sportsbet.io also provides opportunities to bet on other sports, including tennis, basketball, baseball, American football, ice hockey, and more. The site also offers a wide range of novelty and entertainment markets, which helps to keep things interesting for bettors.Sportsbet.io catters to a worldwide audience with translations to the most common languages.
Conclusion
Leading sports and esports online casinos like Bet365. Betway, Bitcasino.io, Draftkings, Lootbet, Tonybet, GGbet.com and LeoVegas are all dipping their toes in the cryptocurrency markets. BETU.io has a huge advantage as token holders are granted superior betting experience through the exceptional perks BetU provides simply by holding their token. Being community-first and ensuring that their supporters get so much more than just their winning bets, BetU takes the top spot in the list of best crypto sports betting platforms of 2022.
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Why Do Players Use PayPal For Payments In Online Casinos?
With the popularity of online casinos, we also witnessed a growth in variations of payment options. Even before, you could only bring your cash into land-based casinos; now, you have dozens of different banking options at your fingertips. You can choose anything from traditional credit cards to cryptocurrency and, beyond all, digital wallets. Since the lost opportunity is one of the most popular ones, we wanted to focus more on PayPal casinos PA and their popularity in many states, including Pennsylvania. After all, PayPal online casinos have several advantages. Here we can include quick withdrawals and security associated with venues when an online casino takes PayPal. Therefore, today we will focus on all the possible pros and cons of gambling online with PayPal and see why so many players reach out specifically for this platform.
Safety and Security
Since gambling became legal in Pennsylvania, many online casinos have tried to maximize profit. One of the best ways to do so was to introduce many new payment options. Only several years ago, you had to choose between a credit card, a direct deposit, a debit card, or even pay by phone. Nowadays, however, every casino has at least 10 and up to 30 payment options, depending on your country or state. You have to do prior research before committing to a particular system. Since today we are discussing PayPal, we wanted to highlight the importance of security. Since it is a digital wallet and your money goes through a third party, not just the casino, you are maximizing your safety. In other words, you’re not directly inputting your personal information into the gambling database. Since it is a highly reputable and widely popular platform, the number of identity theft almost comes to 0.
Reputation
We have partially mentioned the reputation of this particular platform. After all, it is one of the most significant advantages of PayPal. Even though you might be paying extra fees or taking longer to deposit or withdraw your money, you’re doing so for a good reason. It is a trusted platform used by millions of people in the United States and Europe. It has efficient customer service and is ready to resolve your complaints if there are any. We would always choose the second option between trusting your chosen casino directly and putting more responsibility on a highly appreciated platform. Even if your casino is licensed and trustworthy, getting an extra level of protection from a company with an excellent reputation is only a plus.
Quick Withdrawals and Deposits
Time is of the essence, or so they say. Naturally, if you finally win a long way to the jackpot, you don’t want to waste a lot of time waiting for withdrawals or deposits to go through your bank account. However, PayPal usually takes its time. It will take roughly five to 10 business days to finally see your withdrawal in your bank account. Indeed, it is not the quickest way to get your money. Still, as we have mentioned before, the procedure is long for a reason. Sadly, sometimes you still have to choose between fast and quality service. One doesn’t necessarily guarantee the other, yet in the case of PayPal, taking extra time will not hurt your money.
Fees
The last thing everyone needs to consider is the extra fees associated with the majority of similar platforms. If you are using a credit or debit card, usually, it will require around 10%, maybe less, to withdraw or deposit a certain amount. Naturally, everything will depend on your particular bank and the sum of money you’re trying to withdraw. The situation is much easier if you’re using PayPal. Most transactions are associated with an average fee of one dollar and up to two dollars. Therefore, PayPal also remains one of the less lucrative options out there.
Final Thoughts
Overall, you must choose between different payment options if you are a fan of online games. Most of them differ depending on your country, personal tastes, the sums of money you were trying to withdraw, and other similar matters. The majority of players usually enjoy the benefits of digital wallets, and PayPal is one of the best among them. It is an easy and quick method to withdraw or deposit money using an online casino. Besides, doing so through a highly reputable and trustworthy third party is the best option, especially if you are testing a casino for the first time.
Scott Witter ( Author’s Bio )
Scott is an adamant player with a preference for online titles like blackjack. Still, he does like occasional traditional video games like Resident Evil for a night in. Since Scott loves playing just as much as writing, he always has the best advice for other gamers.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Many casinos use cryptocurrency for payment. Let’s look at what options can be found
The online casino industry has recently undergone a renewal due to the invention of digital currency. Terms such as crypto-casinos and bitcoin casinos have now appeared.
Online casinos have constantly made sure that users get a wide range of payment methods. Over time, more players came to play on such platforms, so e-wallets, bank transfers, and cryptocurrency have been introduced. This was good news. Online gambling is now more accessible. You can find out what cryptocurrency is at https://www.britannica.com/topic/cryptocurrency. This Britannica article provides relevant and detailed information.
Cryptocurrencies Used in Online Casinos
The best casinos today offer deposits in several digital currencies. The most popular cryptocurrencies are
- bitcoin;
- bitcoin cash;
- Ethereum;
- litecoin;
- dash.
Now let us talk about each cryptocurrency in detail.
Bitcoin
Bitcoin is the first digital currency to dominate the crypto world. Bitcoin provides players with a host of advantages when they want to withdraw funds or top up their accounts. Using bitcoins enables users to increase the value of their personal currency. Users can keep their data private. You can find out more about bitcoin at https://en.wikipedia.org/wiki/Bitcoin?wprov=srpw1_0 Wikipedia. The advantages of this currency are listed in the table:
| Bitcoin advantages | Description |
| Availability and liquidity | The advantage of this currency is that it has no borders |
| Anonymity and transparency of the users | Users can identify themselves by numerical codes and have multiple addresses |
| Independence from the central government | The currency is not regulated by a bank or government |
Bitcoin Cash
This is a cryptocurrency with a price that has been growing in recent years. The key difference between bitcoin cash and bitcoin is the infrastructure. Bitcoin has 1 MB, while bitcoin cash has 8 MB. This means that the second currency can store more information.
This cryptocurrency can reduce network fees. Also, its main advantages include the fact that almost every online casino supporting bitcoin payments also works with bitcoin cash.
Ethereum
This cryptocurrency can be used in the development of decentralized applications and games online. Etherium has spent most of its years ranking No.2 after bitcoin. It offers the best utility in the cryptocurrency market. There are several casinos that offer Ethereum as a payment method. Some of the advantages of this currency include volatility, liquidity, and less risk of inflation.
Litecoin
This currency was created to outperform bitcoin as a payment method because of its high transaction speed. LightCoin technology makes digital currency lighter online, so payments are faster. Players always have a hard time waiting for the time when the money is credited to their account.
Dash
This coin is one of the digital currencies. Today, the popularity of dash-casino is due to the advantages of this currency and its ease of use.
It is a fully independent currency that is not controlled by the authorities. This enables customers to make transactions with low commissions and a high level of security. All transactions are performed within a couple of seconds. Once a transaction is confirmed, it cannot be reversed, so the funds cannot be used to pay other bills.
There are also digital currencies such as Monero, Dogecoin, and Binance. Monero is a decentralized digital currency that is used without a third party to ensure privacy. Dogecoin is considered a unique currency among all. It stands out for its simple transaction and is well supported by people who trade in cryptocurrency. Binance is one of the best utilitarian tokens. Using this currency, you can get discounts on the Binance exchange platform. It can be used to make quick transactions.
How to Find a Reliable Casino?
It can be difficult for newcomers to the gambling world. The first reason is to find a good casino. There is a list of criteria that will help make the right choice:
- Licensing – all trustworthy casinos are licensed and regulated by local authorities.
- Customer reviews – just read the reviews from reliable sources.
- Availability of bonuses and privileges – most platforms offer different types of bonuses and various loyalty programs.
- Different payment options – before registering with a casino, you should check the possible payment methods.
- Anonymity and security – it is better to choose services that guarantee data protection and offer the ability to play anonymously.
- Variety of games – the site should have different versions of popular games, such as roulette, blackjack, or poker.
- Jackpot – there should be jackpot games on the platform.
Through these steps, you can find a reliable and safe online casino where you can play with pleasure. For example, by taking advantage of Two Up Casino real money, you can spend your time in an exciting and comfortable manner.
The best platforms that work with cryptocurrencies include
- WildCasino is a licensed casino that offers lucrative promotions and bonuses, as well as great live dealer games;
- JooCasino is an online casino that has a wide selection of slots, jackpots, and live sports betting options;
- Red Dog offers the best choice for live dealer games;
- BitStarz is the best casino for those who want to find everything in one place;
- 7BitCasino is a licensed casino that offers players a large collection of games and slots;
- CloudBet features a wide selection of games from leading providers and an impressive bookmaker.
Regardless of whether you are a beginner or an experienced player, it can be difficult to find a reliable platform.
However, if you take the above tips into account, you can find a safe platform that not only offers a variety of games and bonuses but also the possibility to fund your account with cryptocurrency.
Cryptocurrency casinos offer many benefits, so players often turn to them to take advantage of them. Time is of the essence, so the incorporation of cryptocurrency into casinos will only increase. After a while, all online platforms will enable deposits using any of the digital currencies.
Disclaimer: This is a Guest Post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Why Are Cryptocurrency Casinos Continuing to Grow in Popularity?
The rising popularity of cryptocurrency and blockchain technology has brought about a slew of new businesses. More people are now buying and selling virtual currencies and building businesses on top of these networks. This trend has also reached online gambling, with more operators implementing cryptocurrency payment options. Consequently, it is fair to say that the advent of blockchain technology has opened up a new era for online gambling.
Below we look at common features crypto players use to determine whether they want to join a crypto casino. This includes offering anonymity, fast transaction times as well as games that are crypto-compatible using ‘Provably Fair’ algorithms. These points are especially important to consider due to the fact that popular iGaming portals such as Playcasino.com are now taking them into consideration when reviewing new online casinos.
Privacy – Anonymous transactions
Some cryptocurrency casinos allow players to deposit funds without t giving out personal information, and members can withdraw money quickly and discreetly. This makes crypto a great option for online gamblers who are concerned about the privacy of their financial details.
Furthermore, there is no need to hand over any banking details as all transactions using blockchain tech use public keys or a form of a public key that is not linked to a name. That means any deposits and withdrawals will not show up on a bank statement with the player’s name on it. Even the crypto wallet itself, used for sending and receiving crypto casino funds, will not show the name of a casino next to transactions. As a result, the transactions are anonymous by nature.
However, just to dispel a myth, not all crypto casinos will allow you to play without handing over your personal information. Casinos operating under a licencing authority will often be obligated to request a ‘Know Your Customer’ (KYC) check. These checks are for AML reasons and to avoid underage gambling. This means in some cases players do have to produce identification. Despite these checks, the many benefits of transaction privacy still exist. And in regard to personal information being shared after a KYC check, that won’t happen as these casinos are also bound by privacy policies.
Fast Withdrawals & Low Fees – instant balance top-up at a low cost
One added benefit of crypto is that players do not have to wait for a bank to approve withdrawals. Therefore, when a player cashes out, his or her funds arrive almost instantly. On the other hand, some fiat currency payment methods often come with 3 to 7 days’ wait for withdrawals to reach their financial account.
That being said, eWallets (such as Neteller, MuchBetter etc.) can give cryptocurrency a run for its money. This is because most eWallets can process withdrawals faster than most traditional fiat currency withdrawal methods. As such, funds arrive immediately. The question now is, how do cryptos have an advantage over eWallets? The answer is simple. eWallets often charge a 5% to 10% transaction fee when funds withdrawn from the casino reach the account holder’s balance. However, crypto withdrawal fees are almost unnoticeable. On top of this, cryptos also offer the anonymity mentioned in the previous section.
Probably Fair Algorithm
Instead of using a Random Number Generator (RNG), cryptocurrency games often use a provably Fair algorithm. This is unique technology known as cryptography. It uses special hash signatures to verify that money is being transferred to the correct recipient and that all participants have equal chances of winning.
This technology also makes it possible to check to see if the outcome of your bets was fair. The blockchain records every bet, every session and result produced on a public ledger. While the gameplay is in action, this is encrypted, however, once the session ends, the results are decrypted. At this point, anyone that knows how to view these ledger entries can access them while the player remains anonymous throughout this process.
With this tech in place, it makes it impossible for casinos/games to cheat the player. For example, if the game has an RTP of 96%, but those tracking public ledger entries for that game reveal it is only paying 60%, the casino or game developer will be exposed.
As a result, players that prefer to have more control or transparency prefer to gamble using crypto. In comparison, players have no control over RNGs and no means to check the integrity of an RNG.
Rounding Up Some the Key Points Attractions to Cryptocurrency iGaming
If you are someone that prefers to keep your iGaming transactions private, then cryptocurrency is a great option. There is no way for someone to know your incoming and outgoing transactions are linked to gambling. You also benefit from fast and low-cost transactions, which ally, the key benefit here applies to withdrawing from a casino.
Finally, if you are still sceptical about RNGs and taking a testing certification’s word for it, then crypto’s provably fair algorithms can offer a more transparent virtual casino game results mechanism, especially because it offers you the ability to check the results of every session were fair.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Top NFTs funded by casinos
There’s no chance you haven’t heard of NFTs until now. Last year, the crypto and NFT market skyrocketed, and now with the birth of Metaverse, everything we knew so far will be completely reinvented.
How can NFTs be used in the online gambling industry?
The gambling industry is valued at billions of dollars and grows unstoppably yearly. To keep its relevance and engagement, competitors must stay updated on all new technologies and trends, and that’s where NFTs start to mend. So, if last year we were bombarded with NFTs novelties, this year we may have to get on the same wagon with the latest innovations.
Online casinos introduce NFTs
If you don’t know, NFTs are one-of-a-kind virtual assets that can be used as rewards or game tokens. The interesting part of NFTs is that you can trade them only in decentralised exchanges, so your gambling experience can take a whole new turn. The central aspect which makes NFTs so likeable is their uniqueness.
Therefore, the newest tendency of gambling platforms is to implement Non-Fungible Tokens (NFTs) as reward systems. Therefore, we compiled a list of the NFT-casino projects worth keeping an eye on.
Slotie NFT
Released in December 2021 by Elia Software, Slotie is an ETH-based non-fungible token that enables owners to enter the most substantial network on the blockchain market, Defi Gambling. This NFT is aimed to be used on fast-growing online sites in the gambling industry, which include slot games and where players can use crypto payments.
With just 10000 holders, Slotie generates an 80% commission from all earnings from any Slotie-based casino game winnings.
How does Slotie ensure passive income to its users?
The holder of Slotie NFT has the chance of becoming “the house” in more than 150 casinos by simply subsuming such NFTs into online slot games. When the NFT wins the game, the owner receives a complete refund. Also, the Slotie community of members receives monthly passive income.
How much is one Slotie worth?
As for now, the acquisition of Sloties is closed. However, on the day of its release, Slotie NFTs were sold in two distinct sales: a private sale (presale of 2500 NFTs) and a public one (a remaining 7000 NFTs). To qualify for a presale, buyers had to submit some conditions on a private Discord channel.
During the presale, the value of one Slotie was 0.08 ETH, with one buyer being allowed to buy a maximum of 10 Sloties. On the public auction, one Slotie was worth double the price – 0.16 ETH, with a limit of 10 Sloties per user, as well.
Other benefits for Sloties holders
- If the holder is a VIP member, they are entitled to casino cashback of up to 20% based on how rare their NFT is;
- Slotie owners can participate in weekly lotteries, where they can win cash, other NFTs, watts, or even free spins.
- Slotie holders can breed their NFTs and create new NFTs series called Junior Sloties.
Gambling Apes
Launched in September 2021, Gambling Apes was founded by two entrepreneurs, Noah Fischer and Marcel Schwarz. Gambling Apes are also created on the blockchain, and these NFTs are part of a collection of 7777 individual apes. Apart from the benefits which attracted many owners, Gambling Apes outshined through their great colour options – from very vibrant and vivid colours to a more toned and grayscale palette that can suit anyone’s taste.
How much was the selling value of Gambling Apes?
When Gambling Apes was released, the value point of each NFT was 0.07 ETH, and they were sold out in seven minutes.
What do owners get from owning this NFT?
The holder of a Gambling Apes has multiple benefits that increase their fortune progressively. The primary use of owning such NFTs is the opportunity of playing casino games at the future up-coming casino. Owners will receive a share monthly, a fair share of the casino’s revenue. They will be able to play classic online casino games such as Slots, Roulette, and Blackjack. Also, the Gambling Apes community members will obtain exclusive access to special events and other tournaments.
More insight on the future casino
On 20th September 2021, Gambling Apes purchased 14 parcels of Decentraland, a virtual world where members own actual land. Currently, the team is still working on designing the casino where members will also be able to participate in sports betting events, apart from the typical casino games. After its release, players will be able to play poker and Baccarat, as well.
How much will owners earn?
When the Gambling Apes Casino is officially released, the following earning structure will apply:
- 10% of revenue for all big wins;
- 20% for promotion wallet;
- 70% profit stake for all owners.
Sherbet
Released in November 2021, Sherbet was launched on the Ethereum blockchain and has been on the radar in the NFT community as it offers 7777 distinctive NFTs. These NFTs are vividly coloured with a unique design. As a Sherbet owner, you can access VIP status on the official Sherbet website. It was the cheapest NFT, starting from 0.17 ETH, and sold out in less than eight minutes.
How can you use Sherbet NFT?
Sherbet was in the process of building a casino which launched in May 2022, but unlike the Gambling Apes classic online casino, Sherbet is launching a new concept of player vs. player casino where Sherbet owners can play against their friends or others. As a VIP member, you’ll get discounts and unlock special features. Also, this casino will use its own token, $BET.
What you’ll earn as a Sherbet NFT owner?
If you get a hold of this NFT, you won’t be considered a casino co-owner. You’ll get the chance to play against your friends and cash out your $BET tokens, but the value of your earned tokens depends on the popularity of the casino.
NFTs are the future of online gambling
Overall, this new technology offers an investment opportunity for any gambler. NFTs are bringing something innovative and creative to the market, combining both art and lucrative business.
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