In 2018, the American Gaming Association estimated that around three thousand gambling sites flooded the internet. Today, that number may be double, and that is so thanks to the proliferation of Bitcoin casinos. Gaming hubs allow people to wager on games of chance, utilizing not only the world’s original form of digital money, but also many of its popular competitors.
In the past few years, crypto gambling has become all the rage, particularly thanks to Curacao-based regulators issuing licenses to just about anyone willing to participate in this sphere. It now seems like hundreds of BTC casino platforms are floating around the World Wide Web. And this market saturation has led many to get confused about which crypto casino hubs are legit premium ones and which are shady brands run by nefarious operators.
To clear up this confusion, here is a quick rundown of the primary elements one should look for in a Bitcoin casino site when one is considering doing some Bitcoin gambling for entertainment purposes.
Top-End Licensing & Security
Following the birth of the crypto gaming sphere in 2012, the first sets of Bitcoin casino hubs had no regulation whatsoever, operating purely on a good-faith foundation with their customers. It was not until a couple of years later that Antillephone N.V., one of the four Curacao master license holders, decided to start licensing these platforms that they grew in stature. However, while many shun Curacao-based regulators and operators operating from countries like Panama and Costa Rica, someone having some level of oversight over Bitcoin casinos is better than these websites being free to do as they please. At least players have someone to turn to in case of a dispute if a regulator is in play.
Moreover, licensors mandate that their licensees implement 128-bit or 256-bit SSL encryption that ciphers gamblers’ data, keeping it away from prying eyes and obligating them to follow modern data protection laws, plus incorporating state-of-the-art firewalls. These security measures ensure that everyone who selects licensed sites enjoys a safe online gambling experience.
Payment Selection Diversity
The best Bitcoin casino sites like those found on cryptocasinos.net not only have payment arsenals consisting of virtual currencies. They also facilitate fiat money transfers through e-wallets, credit/debit cards, bank wire transactions, and other popular options. Furthermore, they also let users utilize these to buy cryptos through a dedicated interface on their platforms, ones that work with services such as MoonPay.
It is vital to note that not all cryptos have gotten created equal. Some have blockchains that can allocate coin movement in seconds, like Ripple, while others, such as Bitcoin, process transactions up to an hour, depending on network activity.
Promo Offer Variety
Promotions are the backbone of the interactive gaming industry. Operators of the best cryptocurrency casino sites know this just as well as those running famous fiat brands. That is why they seek to reward new players with attractive deposit matches and get them to stay on their platforms for extended periods via generous loyalty schemes that provide perks like cashback deals and free spins.
Bitcoin casino sites also differentiate themselves from standard online casinos by featuring novel quest-like promos, giving away mystery chests (loot box-like prizes), supplying free coins for those active in public chat rooms, and organizing lottery events. They continuously churn out various promos that the sector did not have four years ago.
Game Catalog Robustness
When this industry got up and running in 1996, the only offered gaming products were slots and RNG table games. For years, the sector relied on the popularity and simplicity of reel-spinning titles to stay afloat and grow. That began to change in 2003 when Playtech started exploring streaming dealer action. Nowadays, a gambling site gets expected to carry the mentioned genres, in addition to virtual video poker machines, instant lotto games, bingo, keno, gambling arcade shooters, and other video game-style options.
The crypto section of the industry has all of these categories, and it adds provably fair games like dice and crash that allow gamblers to check their randomness manually. Curacao-approved Bitcoin casinos today are famous for featuring more than five thousand games from dozens of genres and ones that feature house edges of only 1%.
Responsible Gaming & Customer Support
Customer support is essential for client retention. Every study on the market shows that users are likely to return for more if they see they get treated adequately. That is why Bitcoin casinos seek to offer live chat and email support, with representatives on standby 24/7. They also look to incorporate vast FAQ pages that contain answers to the most common issues one may encounter when using their service. These allow players to resolve their problems on their own quickly.
Responsible gambling is paramount for anyone considering taking up a betting hobby. Bitcoin casinos facilitate this by letting users set deposit/loss/session caps. They also provide the choice to activate a self-imposed site ban when someone feels they can no longer control their impulses. If a gaming hub does not have these functions available inside a player profile page, it does not care about the well-being of its users and is only out to turn a back, even at the misfortune of others.
For many, the chief appeal of Bitcoin casinos is the ability to gamble anonymously. Yes, KYC (Know Your Customer) checks and anti-VPN measures have limited this somewhat. Yet, many regulated and unregulated gaming websites that allow this still exist.
Note that one should be fearful of such platforms if they boast a decent reputation online. Many provably fair sites have been operating for years with no license and have little to no incidents or delayed payments, or avoiding to cash out wins. Thus, an interactive gambling license is not the end-all-be-all in this sector. It is good to have one, but some players are willing to forego regulatory oversight if it means that they can play in secret. Many Curacao-licensed hubs also allow this, as many regulators do not mandate that their operators must implement KYC procedures.
Bitcoin casinos let gamblers enjoy attractive promos, expansive game libraries, state-of-the-art security features, swift coin transfers, and more. Nonetheless, anyone that chooses one of these sites to call home should remember to play responsibly, wagering what they can afford to lose. Additionally, it is crucial to keep in mind that operator research before registration is vital, an essential aspect of online casino selection. Reading in-depth reviews can save players loads of hassles, and it is something that only takes a few minutes to do.