iGaming is a multi-billion dollar industry that is enjoyed by millions around the world on mobile and PC. The emergence of crypto within all corners of gaming has been felt, especially in online gambling and betting.
Crypto casinos have become very popular among players since they allow depositing cryptocurrencies onto the platform to be used in casino games to win more withdrawable crypto. Bitcoin is the most popular crypto to be gambled with. Of course, there are many other options; alt-coins like Ethereum, Dogecoin, and Litecoin, to name a few.
Cryptocurrency assets are slowly making their way into the mainstream so it comes as no surprise that online casinos have adopted them into their services for users, offering a different way to enjoy betting online.
Read on to find out more about crypto casinos and why they are considered by many to be the future of online gambling.
The History of Crypto Casinos
Crypto casinos have been around for over a decade now. A considerable amount of time, if you consider the crypto/NFT boom was only back in 2020. All-time high prices were then experienced a year later in 2021.
The first crypto-based casino to open up was a site called SatoshiDice in 2012. It was hugely successful and became profitable in its first year in business. By 2013, this crypto casino had amassed $15 million in bets.
Since then, we have seen a multitude of crypto casinos open. Among the most popular sites, there are Ignition, Roobet, and Bitstarz. All of these bring crypto into the light of traditional casino games like roulette, blackjack, poker, and baccarat.
Why are Crypto Casinos popular?
Crypto Casinos are highly popular, and rightly so. Let's find out the key points:
- Players gravitate towards lucrative gameplay and also an easy user experience.
- Blockchain technologies create a transparent transaction sheet. No numbers can be manipulated, and these transactions are incredibly safe.
- They offer a quick turnaround, which means winnings can be withdrawn instantly. Something normal casinos do not allow.
- The odds and payouts available on crypto casinos are better.
However, in order to find the best crypto casinos, it's important to read reviews and compare them. Pay close attention to the offers and bonuses they provide to users, and make sure to choose only legal options.
Overall, registering for a crypto casino is an easy process. To sign up, you just need standard login information such as a username, password, and email address. Once signed up, you are protected through multiple layers of encryption and verification.
Be aware that some countries do limit crypto casinos, so be sure to check out if your country has given the thumbs up before signing in.
Is Crypto the future of online gambling?
Overall it is clear that crypto casinos are on the rise and are a hot choice for gamblers online to play their favorite casino games. One thing that sets up the crypto gambling space for success is the safety and convenience it creates for players.
Crypto as a whole lacks regulation from governing bodies. Therefore, the casinos do right in ensuring their customers are safe on their platforms and games.
As we see all sides of gaming joining the blockchain, it is clear that crypto and gambling have a bright future together. Influencer marketing has been a big help for crypto casinos, along with sports and esports teams taking on sponsorships.
This next year will be a big year for crypto and iGaming and its developments, and we’re excited to be along for the ride!
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