Benefits of Playing At a Crypto Live Casino

One of the major criticisms of traditional casinos is that winnings and other activities are not always fair and transparent. Many of these casinos deploy various tactics and tricks to attract users. For example, there are conventional casinos that promise high winnings and ridiculous bonuses to lure players into playing at their casinos. However, when gamblers start playing at these online casinos, they’ll later find out that the promises aren’t always true, and instead of the winnings promised, they end up losing money. 

In cases like this, what really happens is that these traditional casinos hide information from their players and hold on to a significant percentage of their winnings. Because of this, unsuspecting gamblers end up recording massive losses while the casino profit from them. 

However, with Bitcoin casinos, players do not need to worry about the heinous tricks present in traditional casinos. Bitcoin transactions are recorded on the blockchain and available to everyone, making it hard for casinos and bookies to hide information or indirectly steal from gamblers. As a result, players are protected from casino scams and other fraudulent activities present in traditional casinos, and they are confident of fair and legitimate winnings.

Another downside to traditional casinos that Bitcoin casinos aim to solve is security. Most online casinos require players to undergo a registration process and store their personal information on their websites. Usually, this information includes bank information, credit and debit card details, and other sensitive information. 

Having sensitive credentials like this on online casino websites and mobile apps can be risky because of cyberattacks and hacks that can result in players’ account information being stolen and their money being stolen. Similarly, hackers can collect and sell players’ information to malicious actors who can use these to hurt players. 

For example, in 2022, online casinos DraftKings and BetMGM were hacked, resulting in the perpetrators stealing the data of 1.57 million BetMGM customers and 68,000 DraftKings customers. 

Interestingly, Bitcoin casinos have come around to solve this problem. With crypto casinos, users don’t need to store their personal information, and all transactions are anonymous. All players need is a wallet address for deposits and withdrawals. Similarly, Bitcoin casinos eliminate the rigorous process of registering and filling out various details when registering to gamble at casinos. 

Traditional online casinos are also plagued by various fees, including deposit and withdrawal fees, as well as bank charges, that players must pay when funding their accounts or cashing out their winnings. In addition, gamblers are usually required to pay taxes and duties on their gambling profits, making traditional casinos a more expensive option. 

In contrast, Bitcoin casinos are more affordable because most of these charges are eliminated. As a result, transaction fees using Bitcoin at casinos are relatively low or non-existent. This is because there are no third-party payment providers like banks and financial institutions levying charges on transactions. So, the only fees gamblers have to pay for crypto deposits and withdrawals are blockchain network fees – which vary depending on the coin selected.

Another benefit Bitcoin casinos offer over their traditional counterparts is convenience. In traditional casinos, transactions are constantly hampered by bank network issues and other challenges that delay payments. In drastic situations, payments may even be unsuccessful when banks and other financial institutions have downtime. 

In comparison, crypto transactions are devoid of bank network issues, and payments are almost instant. This feature makes cryptocurrency casinos more convenient for gamblers who sometimes have little time between deposits and the time of events they want to wager on. 

At the same time, gamblers in countries where gambling is restricted can easily access casinos and play their favorite games using Bitcoin because cryptocurrencies are borderless. The players also have total control over their money and can withdraw their winnings effortlessly from anywhere in the world. 

Though Bitcoin casinos are relatively new, they are popular for mouthwatering bonuses and promotions unavailable at traditional casinos. Though traditional casinos offer various bonuses, including welcome bonuses, cashback, and more, the bonuses are usually around double and limited to a few hundred dollars. 

In contrast, Bitcoin casino bonuses are more lucrative because Bitcoin is more valuable. For example, there are online Bitcoin casinos that offer bonuses from 1 BTC to 5 BTC. At the time of writing, 1 BTC is worth about $18,000. That means players can enjoy that amount or more in bonuses alone when they play at Bitcoin casinos. 

Both traditional and Bitcoin casinos cater to players looking for an extensive range of gaming options. However, to attract more players, Bitcoin casinos have a more extensive gaming library containing high-quality games like slots, roulettes, baccarat, blackjacks, and live dealer games. This way, players can enjoy all their favorite games in one place. 

Interestingly, Bitcoin casinos don’t only stand out because of their diverse gaming options. Compared to traditional casinos, the games at crypto casinos come with high payouts. For instance, there are Bitcoin casinos offering players up to 99% return to player (RTP). With this, gamblers can make more money while playing almost the same games as in traditional casinos.