Top 10 Tips For Crypto Gamblers

by David Patterson
23 Mar 2022

Being seasoned in computer science and having surfed the entire software development stack, David has something to say about how it all works. He’s also well aware of the gambling industry's best practices for turning client-customer concepts into workable models. Additionally, David's zest for cryptos makes him precisely that guy whose comprehensive expertise can save you from unnecessary (and costly!) mistakes.

Crypto gambling: main points

More and more online casinos are moving towards the cryptocurrency trend. Cryptocurrency games combine online casino games and betting with cryptocurrencies. The reason for it is controversial safety. No one can take your bitcoin from you or freeze your account. Since no information is attached to the digital wallet, people do not know that you were behind the transaction. The most profitable part is that cryptocurrencies are not always taxed. Digital currencies like bitcoin are recognized in several countries, but you should check your local tax laws to be on the safe side.

Gambling associations operating in different countries opt for cryptocurrencies. Thus, today, online gaming is greatly popularized, and in countries where gambling is legal, this business is quite profitable. The only problem lies in how fair the mechanisms are: is there a chance of winning?

This idea made it possible to play casinos for bitcoins and other cryptocurrencies. Since everything runs on smart contracts that can be verified, fairness is enhanced. Potentially, these are much more genuine and open cryptocurrency gambling and casinos. In addition, the possibility of using cryptocurrencies instead of fiat opens up this industry to thousands of new players.

What is needed for gambling?

To start playing crypto games, all you need is:

  • A wallet to store cryptocurrency;
  • Online casino account;
  • Any smartphone, tablet, or computer.

There are several crypto gambling sites with an extensive portfolio of games (either proprietary or integrated). When choosing the best crypto casino, consider cost, bonuses, website reputation, security, and so on. Let’s dive into the details. 

Top 10 Tips For Crypto Gamblers

1. Coin selection

The fact that the crypto-casino is the future of the gambling business cannot be denied. Blockchain technology allows you to take crypto casinos to a completely different level. However, at the moment, the number of available tokens in the casino is limited. When choosing a crypto casino for yourself, look at what cryptocurrencies they accept as payment. If you use some rare coins, then they are unlikely to be available in the casino. Therefore, it makes no sense to choose a site with limited features. It is much wiser to use your money at trusted crypto casinos with a wide choice of currencies. The most famous crypto-casinos use such currencies as Bitcoin, Ethereum, Litecoin, and others. However, when choosing any of the options, weigh all the pros and cons. Try to choose a payment method that does not limit you in games.

These digital currencies are widely accepted at reliable online casinos:

  • Bitcoin
  • Ethereum
  • Litecoin
crypto coins
crypto coins

The only thing you need to do is select the desired option in the deposits section. Also, remember that on gambling platforms you will not find the possibility of paying with some rare coins or meme-coins such as Dogecoin.

2. Check the reputation

The industry has seen significant growth in the past few years. This contributes to an increase in activity on the part of cybercriminals whose goal is to steal user data. That is why the first thing you need to do is to make sure that the chosen bitcoin casino is safe. Do not follow the advice of unknown tweets or telegram channels. First things first, read the review about top betting sites. The obvious checks should be checking for the use of an SSL certificate. Pay attention to the URL of the page. There should be a lock sign. It is important to understand that cryptocurrency transactions cannot be canceled. Therefore, when transferring your savings, make sure that you do not send them to the account of scammers.

3. Read what other people think

man and woman using laptop
man and woman using laptop

It is very useful to read reviews about it on the Internet before choosing a service. The best source of course will be your friends and people you trust. However, one can also find honest online casino reviews. In addition, you must understand how the system works. Familiarize yourself with the basic principles of online casino operation and how crypto gambling differs. After choosing a certain gambling platform, learn about customer support, security, payment methods. Be careful and pay attention to potential complaints.

4. Availability of bonus offers

A reputable crypto casino will provide players with countless bonus opportunities. Whether you are a beginner or an experienced player, great rewards, offers and welcome bonuses are waiting for you. Crypto casino attracts their users through free spins and no deposit bonuses. Free spins – this is one of the promotional offers for which you get free spins for registering on the site and then you can use them on the slot machine.

5. Variety of games on offer 

The modern gaming industry is developing by leaps and bounds, providing a huge number of slot machines with exciting games. A casino worthy of your trust will offer its users a varied and wide selection. Attracting a large number of players by offering a wide range of games enhances the reputation of the casino itself.

6. Pay attention to slot volatility

We have already advised you to study the basic principles of online casino operation. But here are a few more facts that can not be ignored. Slots with high dispersion or in other words they are called a cycle offer big wins. However, the frequency of their loss is extremely rare. Therefore, most of the time, players simply give money to the machine. Of course, if you are lucky enough to win a large amount, then it will cover the costs and leave you in the black. However, we recommend that you do not bet on these slots unless you have a large budget. There are slots with lower variances, which means that the winnings are frequent, but the amounts are not as big. These slots are ideal for players on a small budget.

7. Fair Licensing

For cryptocurrency casinos, as for any business, an important requirement is its legitimacy. Try to take the time to find out if the platform you choose is legally licensed. Fraudulent platforms often do not spend money on licensing. Their goal is simply to gain a foothold in the market and attract as many players as possible through promises. That is why we advise you to register only in those casinos that adhere to the law in their activities and operations.

8. Take advantage of the demo game

In practice, it has long been proven that users who have mastered the principles of the game on the demo version are much more confident in making successful bets. The demo game allows you to study all the nuances and rules of the game without the risk of losing money, determine strategies and choose the best bets.

9. Protection from hackers

As we have already mentioned, cryptocurrencies are not regulated by the state in the same way as traditional banking systems are. This means that protections relevant to banks may not apply to cryptocurrencies. In the event that your wallet is hacked by a hacker, there are practically no ways to return the funds. That is why we draw your attention to the fact that it is necessary to take the utmost care in protecting your wallet from loss of funds or theft. We place the emphasis on your responsibility as protection against bitcoin gambling services can be quite limited. Therefore, before choosing any bitcoin gaming platform, check whether you will be offered compensation if the platform is hacked by hackers.

10. Use antivirus

Of course, without this, it is already impossible to imagine the modern Internet, but let’s not forget that it is necessary to have a reliable antivirus on the devices where you plan to play Bitcoin games. On a PC, antivirus is often already installed, so take care of protecting your phone or tablet as well.

The future of crypto gambling

Cryptocurrency gambling prospects like any new business, cryptocurrency gambling is currently developing dynamically and is far from a significant redistribution of the market. Whereas quick growth will inevitably be followed by the emergence of major players and the shaping of business rules, mainly interaction with state regulatory bodies. But the most important point will forever standstill: you should not put all your money on the line even if you are sure of winning in the very near future. Play only for the amount that you are ready to lose forever.

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