Introducing the Best and Latest Bitcoin Casinos

What Are the Advantages and Disadvantages of Crypto and Bitcoin Casinos?

There are some great advantages and unfortunate disadvantages to choosing a crypto or bitcoin casino over a more traditional one. If you are trying to choose between the two types of casinos, then this quick comparison might come in handy!

Here are the advantages and disadvantages of Crypto and Bitcoin casinos summarized.

Pros

• Transactions are Extremely Fast and Secure

Crypto transactions complete in a few seconds. In the worst case, it takes several minutes. By contrast, Bank Transfer transactions can take several days, thanks to all the bureaucracy at either end.

• There are No Transaction Fees Involved

Some e-Wallets or prepaid cards impose a transaction fee. Banks and Credit Cards can have surcharges and internet banking fees. By contrast, both deposits and withdrawals with Crypto are completely free.

• Cryptocurrencies Can Be a Good Investment

The value of a popular cryptocurrency tends to rise in the long run, so you can get even better value for your wins eventually, if you are lucky.

• Crypto Wallets Can Be Very Flexible

You can get a wallet to hold your currency in the form of an online account or a mobile app. This makes online and mobile payments very easy. What’s more, you could get a USB drive wallet, which could be used to make real-world payments!

• It Is Completely Anonymous

The only thing that is recorded is a user ID and a transaction ID. Your user ID cannot be connected to your real identity. What’s more, in the case of a data breach at the casino, your crypto details cannot get exposed. So, you will be perfectly safe and anonymous.

Cons

• Cryptocurrencies are Pretty New

Some people are intimidated or suspicious of it. They may not want to pay with it, preferring traditional options. In the worst case, they may mistrust the whole casino simply because it supports Cryptos.

• The Value of a Cryptocurrency Can Fluctuate

For example, one day, your Ethereum (ETH) could be worth over $4,000 each. Two weeks later, it could be back down to about $2,000 per Ether. This makes it unpredictable especially for gambling. Imagine if you were excited about winning a huge amount of money, only to watch the value fall because of the crypto market.

• It Is Not Supported By Most Governments or Regulatory Bodies

As it is anonymous, it is often used for illegal purposes. It is also new, so there isn’t a lot of regulation around it. So, many licensing bodies such as the Malta Gaming Authority or UKGC refuse to license casinos using Cryptos. Only less reputable and reliable regulators allow cryptos.

What are the Most Popular Cryptos Accepted by Crypto Casinos?

There are a lot of different cryptocurrencies. It might be a good idea to get an overview of each one to know how they interact with the online casino market. The most popular ones are Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

Bitcoin (BTC) is the currency that made cryptos famous. It is still the most valuable cryptocurrency out there, valued at USD 60,000 to the coin. It is the most widely accepted currency, so you will encounter a lot of Bitcoin Casinos.

Bitcoin Cash (BCH) is a spinoff of Bitcoin, optimized for transactions. It does not have such insane value, so it is easier to use it for daily transactions. Bitcoin Cash is not as popular or commonly used as other cryptocurrencies, but it is still a good choice for Casinos.

Ethereum (ETH) is probably the second-biggest Crypto after Bitcoin. It is not worth as much, but it is still a developing currency with a ton of investment potential. It is also commonly used for transactions at many places.

Litecoin (LTC) is a cryptocurrency designed for transactions from scratch. So, it is extremely fast when it comes to making transactions, and very secure as well.

All About the Most Popular Games at Bitcoin Casinos

Are you wondering what kind of games are there to play at Bitcoin casinos or with Cryptos?

Turns out, they are pretty much the same games as at a normal casino! For instance, all crypto casinos have Slots, as expected. The Slots can be from a variety of providers. They are popular because of how simple and easy to play they are.

Table games like Blackjack, Roulette, Craps, etc. are also commonplace. They are more complicated but also more engaging compared to slots. Video Poker is similarly a complex game with a huge following.

For maximum immersion, look no further than live dealer titles. Not every single crypto casino will have them, but the ones that do are typically really popular. People prefer live dealers for the added immersion and interactivity.

There are also Crypto-based sportsbook casinos, where you may bet on your favorite players and teams.