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- Crypto
- Industry News
Everything You Wanted to Know About Crypto Casinos
Cryptocurrencies are Growing in Popularity
A quick look at recent statistics coming from inside the cryptocurrency industry shows just how popular and widespread decentralized currencies are becoming. According to the data compiled by CoinGecko linked above, the crypto market cap at the end of Q4 2024 increased by 45.7%. A Bitcoin surge that same quarter also saw the token assert its dominance, accounting for 53.6% of the total market by the end of the year.
Although these figures paint a picture of the crypto industry as a whole, increased usage is a trend that’s undoubtedly mirrored in the online casino space too.
How Do they Work?
That’s the number-crunching over with! Now, let’s move on to the fun stuff—digging into how crypto gambling platforms work.
If you’ve already played at traditional online casinos in the past, you’ll find the jump from those to a crypto-friendly site isn’t such a big leap. Crypto platforms operate in just the same way, but instead of limiting your options to playing with and for fiat currencies (like USD, GBP, or EUR), you can use digital assets including Bitcoin, altcoins like Ethereum, and stablecoins.
Let’s say, for example, that you sign up for a new player account at a platform like mBitcasino. You can choose to fund your account with decentralized currencies via a crypto wallet and—crucially—withdraw your winnings the same way. Withdrawing via bank transfer can take days, but a BTC withdrawal will typically settle within minutes. You’ll get your winnings much faster, and probably receive more of them too, since crypto transactions are much more cost-effective than banking fees.
What kind of games can you play? Well, what kind of games do you enjoy? Any online casino platform operating in today’s market needs to provide a broad spectrum of games, so you’re not going to suffer limited game selection if you switch. Expect to find the usual array of slots, table games like blackjack and roulette, and live dealer options.
In fact, you might even find a better game selection at a crypto casino. If you decided to play BTC slots at mBitcasino, say, you’d have a whopping 5000 to choose from. BTC slots are enormously varied and cover more themes than most people can imagine, meaning players have a wealth of options available. Pretty impressive, huh?
And that’s not all you stand to benefit from, as we highlight in the table below:
Crypto Casinos vs. Traditional Online Casinos
| Feature | Crypto Casinos | Traditional Online Casinos |
|---|---|---|
| Payment Methods | BTC, ETH, LTC, Stablecoins, Credit Cards, Bank Transfers, eWallets | Credit Cards, Bank Transfers, eWallets |
| Transaction Speed | Minutes | Hours to Days |
| Fees | Low to None | Often Higher |
| Anonymity | High | Low |
| Fairness | RNG-based with added Blockchain Verification | RNG-based |
Choosing a Crypto Platform
You’re no slouch when it comes to playing at online casinos—you wouldn’t be visiting casinolandia.com if you were! Let’s say that you’re already pretty clued up about what makes a real money gaming platform legit. What specific things, then, should you keep an eye out for when hunting down the perfect crypto casino?
Game Selection
Let’s pick up where we left off and talk more about games. A solid crypto casino should offer a diverse library of games: slots, card and table, live dealer, maybe even a few online tourneys, and definitely some video poker options. You want to look for titles from software providers that you recognize—NetEnt, PlaynGo, and Evolution Gaming are some trusted brands to look for.
Can you Play with the Right Crypto?
Next, check which cryptocurrencies are supported, and double-check withdrawal times. Bitcoin, Ethereum, and Litecoin are standard and we’re now seeing more casinos accept stablecoins, such as Tether and USD coin.
Pro tip: if a platform has slow crypto withdrawals, that’s a big red flag. Avoid!
Bonuses and Promotions
Who doesn’t love a tasty bonus? We’ll let you into a little industry secret: Crypto casinos often offer bigger bonuses than traditional platforms. That’s right: depositing in BTC can unlock a higher matched deposit bonus and extra crypto coins to play with. Make sure you read the fine print though, as wagering requirements will apply.
Final Thoughts
Crypto casinos certainly make for a compelling alternative to the usual fare, what with their faster transactions and diverse game selections. As enthusiastic and informed as you undoubtedly now are, will you be making the switch to crypto gaming?