What are the Traits of a Bitcoin Casino?

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What are the Traits of a Bitcoin Casino?

The massive surge in popularity of cryptocurrencies such as Bitcoin has led to the flourishing of a new wave of online casinos. Bitcoin transactions are becoming more common so it was inevitable that the gaming industry would catch on to this trend soon enough.

What Differs a Crypto Casino and a Regular Casino?

This ad promotes cryptocurrency within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK., no EU consumer protection. Investments are subject to market risk, including the loss of principal.
This ad promotes cryptocurrency within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK., no EU consumer protection. Investments are subject to market risk, including the loss of principal.
This ad promotes cryptocurrency within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK., no EU consumer protection. Investments are subject to market risk, including the loss of principal.

Up until around just 2 years ago, the vast majority of online casinos offered players a wide range of payment methods to make deposits and withdrawals. These included major credit cards such as Visa and MasterCard, as well as e-wallets like Skrill, Neteller, Trustly and Paypal with some operators offering the possibility of bank transfer too.

Nowadays, however, many operators have realised that being Bitcoin-friendly can work in their favour. To put it simply, most crypto casinos operate in the same way as regular online casinos, the major difference being that they accept Bitcoin as a payment method alongside traditional currencies. In most cases, all other aspects of the casino platform would be the same.

Do all Bitcoin Casinos Accept Other Cryptocurrencies?

There’s no denying that Bitcoin is the most popular digital currency in the world but you’ll probably be aware of the existence of other various cryptocurrencies such as Litecoin, Dogecoin and Ethereum amongst others. Not all Bitcoin, even Dogecoin casinos are the same and even though some of them may accept payment through other cryptocurrencies, others may be limited to Bitcoin.

Accepted cryptocurrencies will vary from one operator to another, but as a general rule, Bitcoin casinos which focus exclusively on digital currencies rather than traditional fiat currencies will be more likely to offer a wider range of crypto payment options.

Traditional vs Blockchain Focused Operators

While it’s true that Bitcoin casinos operate in pretty much the same way as regular operators, the gaming software used can differentiate from one operator to another. Most traditional online casinos which offer Bitcoin in addition to traditional payment methods, usually make use of popular software developers such as NetEnt, Microgaming, Quickspin, Yggdrasil and similar brands to power their game lobby.

However, some blockchain-focused operators choose to make use of blockchain-specific software, thereby offering a more unique selection of gaming options than traditional operators. In this case, you may not find the usual collection of games you have become accustomed to. This can be a good thing as you’ll find a range of new titles to discover rather than being limited to the same tired games you’ve played thousands of times before. Bitcoin games range from modern video slots with fun themes and bonus features to table and dice games such as poker, blackjack, roulette, and baccarat as well as some scratchcards and other speciality games so you’ll still be spoilt for choice.

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