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Casino games are now offered through decentralized applications — or Dapps. Since decentralized casinos rely exclusively on the blockchain, they are the epitome of blockchain gambling. Consequently, these games are the building blocks of a decentralized casino. They must, however, adhere to certain specifications.
For instance, they must be open-source and fully independent from third-party controls. Moreover, transparency is key: decentralized casinos invariably keep their records public. The many intricacies that assemble blockchain technology will bring new building blocks to this industry.
Players, regulators, and casinos have multiple reasons to welcome them. Exactly how blockchain and casino companies choose to approach the situation is inconsequential; it can only bring a much-needed breath of fresh air to everyone involved.
One thing is clear — crypto casinos are becoming more popular, with more and more gamblers opting for cryptocurrency payments and looking for a fairer, more decentralized gambling experience. Your withdrawal request gets processed instantly, and the funds go straight to your wallet. No third parties are involved.
In rare cases, payments can take up to one hour to be processed. This is very different from traditional casinos, where payments can take up to 5 business days to complete. Furthermore, using cryptocurrencies means that no third-party payment provider enters the equation.
Everything is carried out you guessed on the blockchain. This is true whether you play with Bitcoin or any other coin. On some Bitcoin casinos, you can start playing right away without needing to disclosing any personal data. For the most part, all you need is an e-mail and a password. If you value your data privacy, cryptocurrency gambling is the way to go.
Decentralized casinos are anonymous, secure, and provably fair, but often at the expense of user experience. Only the very best gambling Dapps provide game quality alongside transparent gambling. Here are the top three decentralized casinos offering an unmatched player experience alongside all their traditional advantages. Gambling, has existed, in some form or other, since the dawn of time. Online gambling, however, is relatively new… and so are cryptocurrencies.
It is, therefore, unsurprising that the general public and governments still treat blockchain gambling as a novelty. And while gambling itself is almost always regulated, blockchain casinos are often not. As a rule-of-thumb, if fiat online gambling is legal in your country, so is blockchain gambling, although often under specific restrictions.
Countries like the United States and the United Kingdom require all online casinos — including those using blockchain technology — to apply for a local gambling license. Overall, there is no straightforward answer to the question: is blockchain gambling legal.
It depends on where you live. In countries where online gambling itself is illegal, there is a seemingly clear answer: no. Not exactly. In such places, no local gambling licenses are available. Instead, they are more generic licenses covering online gaming, from traditional casinos to modern sports gambling websites. Unlicensed casinos are often less restrictive than their licensed counterparts and often allow players worldwide to open an account, including from countries where online casinos are restricted.
For this reason, many blockchain gambling enthusiasts prefer them. Instead, we firmly believe you should always play at licensed casinos when you have the chance. But can you ever play anonymously at a licensed blockchain casino? Not quite. Licensing bodies often require the casinos to have strict customer verification procedures, to prevent identity fraud and money laundering.
While disruptive, these procedures help foster a safer, more responsible gambling environment. However, players looking for a genuinely anonymous blockchain gambling experience can still find it at a few reputable websites. Name Bonus Features Rating Website. Rating 4. Low House Edge Original Bonuses. Game Casino. About BC. Game Casino Here at CasinosBlockchain, we have a soft spot for fresh-faced brands that focus on innovation.
Overview Website bc. Weekly Giveaways Stellar Sportsbook. Stake Casino. About Stake Casino Stake is more than just a Bitcoin casino. Overview Website stake. Great Rewards Nice Payment Limits. About Cloudbet Having been around since , Cloudbet is one of the oldest blockchain casinos. Overview Website cloudbet. About Rocketpot Rocketpot is a crypto-forward casino with a stellar game selection and some juicy offers. Overview Website rocketpot. Original Games Many Currencies.
True Flip. About True Flip True Flip is a unique blockchain casino. Overview Website trueflip. Instant Payments Anonymous Casino. About Bitcoin. Overview Website games. About BitStarz Unlike some run-of-the-mill gambling sites out there, BitStarz offers a complete playing experience. Overview Website bitstarz. Award-Winning Casino Many Rewards. King Billy Casino.
Overview Website kingbillycasino. About mBit Backed by a mother company that owns 35 casinos, mBit has all the tools needed to offer you the best Bitcoin casino experience. Overview Website mbitcasino. Casino Dapp Low House Edge. Overview Website earnbet. How We Review Blockchain Casinos? Latest News. Blockchain Casino Games Play any of your favorite games using a variety of supported cryptocurrencies. Slots Slots are by far the most popular casino game, which is not surprising considering the large variety of themes available.
Dice There are many versions of this well-known game of chance, but one stands out: Craps. Crash Crash is a cryptocurrency-inspired casino game, available in all the best blockchain casinos and Dapps. Poker Can you master a poker face? Plinko Nostalgia meets blockchain in Plinko. Why Blockchain Gambling?
Cryptocurrency Casinos Cryptocurrency casinos are more than just websites where you can gamble with Bitcoin. What Is a Blockchain Casino? The House Always Wins? Decentralized Casinos Casino games are now offered through decentralized applications — or Dapps. Potential For Disruption The many intricacies that assemble blockchain technology will bring new building blocks to this industry.
Faster Withdrawals Your withdrawal request gets processed instantly, and the funds go straight to your wallet. Lower Entry Barrier On some Bitcoin casinos, you can start playing right away without needing to disclosing any personal data.
Top Decentralized Casinos Decentralized casinos are anonymous, secure, and provably fair, but often at the expense of user experience. Is Blockchain Gambling Legal? Are Licensed Blockchain Casinos Better? Frequently Asked Questions. Are blockchain casinos better than traditional alternatives? The best blockchain gambling sites have all the top game providers, a seamless website design, helpful customer support, hefty bonuses, and much more. On top of that, depositing and withdrawing with cryptocurrencies is much faster than with more traditional payment methods.
So, in a way, yes — blockhain casinos, including Bitcoin casinos, are better than their alternatives as long as you choose the best ones. The same goes for casinos where you can pay with other cryptocurrencies. Can a Bitcoin casino be considered a blockchain casino? There is no clear definition. The usage of blockchain technology by a casino can vary quite a bit, and just how much of it is necessary for a casino to officially fall under that category or another is still a blur.
Technically, the fact that a casino accepts Bitcoin or any other cryptocurrency as a form of payment implies that it uses the blockchain to transfer funds. But a casino can go a lot further than this and be decentralized at its core.
Is Blockchain gambling legal? In short: yes. You should, however, be aware of which jurisdiction you are playing from and if the casino accepts players from it. Cryptocurrencies — including Bitcoin — often sit in a gray legal area. However, cryptocurrency gambling sites have gone all the way to obtain licenses from reputable regulatory bodies. What is a decentralized casino? Decentralized casinos or Dapps short for Decentralized Application run entirely within a blockchain.
These casinos use smart-contracts and open-source programming to increase their transparency. And so, when it comes to the legality of crypto betting, you may have to focus on the legal standing of your country and the capability of the crypto betting website to meet its regulatory requirements. In other words, you should carry out due diligence before adopting a digital asset-focused gambling website. As mentioned earlier, gambling comes with its own set of risks.
The first is that it is not easy to determine the fairness of conventional gambling games. Some illicit gambling service providers design their games in such a way that makes it difficult to win. In other cases, the gambling websites already know the outcome of games. And so, they can easily manipulate the system to their advantage. This is where provably fair technology enters the fray.
With the help of blockchain technology, it is possible to develop a transparent system for confirming the randomness of games. Crypto gambling sites are increasingly adopting this technique for their games. They even go as far as providing guides on how to confirm the fairness of games. So the next time you decide to play a online crypto casino game, ensure that it is provably fair. This feature guarantees that you are safe from all forms of manipulations.
Another pertinent issue you need to consider before opting for cryptocurrency gambling is security. Note that you have to deposit digital assets in your gambling account to play the featured games. When you do this, you have inadvertently subjected your funds to the security system of the gambling sites.
As such, the safety of your funds heavily depends on the security architecture of your chosen gambling platform. The security risks associated with this variant of gambling sites are even more pronounced when you consider that crypto platforms are increasingly being targeted by hackers. Additionally, data theft is another threat you need to consider. Now that you are aware of the security risks of using a crypto gambling site, it would interest you to know that there are measures you can take to limit the threats.
They are:. Opt for provably fair games: As discussed earlier, transparency is one of the core benefits of adopting crypto-focused gambling sites. However, do not assume that all gambling platforms that support crypto automatically provide verifiable and audible gaming systems.
It is up to you to read the fine print, ask questions and confirm from the customer support team that such a feature exists. Furthermore, confirm that the website provides a simple-to-understand guide on how to check the fairness of games. Activate two-factor authentication: You should only use gambling websites that provide a second layer of authentication. This feature allows the platform to reduce cases of unauthorized access stemming from stolen devices or identities.
With two-factor authentication, you can implement an extra identity authentication process for sensitive actions like withdrawals and account login processes. Deposit only the funds you need: It is advisable to treat your gambling wallet like an exchange wallet account. Therefore, you should always use them as a temporary crypto wallet.
Do not deposit funds that you are not planning to bet on games immediately. This will protect you from significant losses in the event of a hack. Withdraw winnings: There is no sense in accumulating your winnings on your gambling platform. Instead, it is best to withdraw winnings as soon as you scale the withdrawal limits. In light of this, you should take the time to understand the terms and conditions governing the withdrawals on your chosen crypto gambling site.
It is unwise to opt for platforms with ridiculously high minimum withdrawal limits. It is even more critical to avoid those that set specific days of the week for processing withdrawals. When it comes to cryptocurrency gambling, swift and instant withdrawals should be guaranteed.
Choose privacy : Remember that we said that funds are not the only thing at stake. You can also lose your personal data during a security attack. Therefore, it is advantageous to choose crypto gambling sites that preserve the privacy of users. In essence, users are not susceptible to data leaks or thefts. Speaking of bitcoin gambling site, there are two variants of gambling systems popularly being used as templates for playing and winning rewards.
The first variant is sports betting. With this, users can bet on the outcomes of sporting events like boxing, horse racing, greyhound racing, football games, virtual games, and so on. Some sites even go as far as allow users to bet on events that are not related to sports. Here, the gambling site determines the odds that an event would occur and invites users to place bets on such odds. As such, you would have to wait for the event to play out to know the status of your bet.
On the other hand, an online casino delivers more gaming content predominantly centered around the gaming collection you will find in a brick-and-mortar casino. In essence, standard online casino games should include table games, poker, video slots, jackpots, and much more. The vastness of the gaming collection of an online casino is non-negotiable, especially if you intend to focus on casino games only. As part of their player loyalty campaigns, online casinos often run daily, weekly, and monthly bonus and promotions programs.
For instance, new users often receive welcome bonuses whenever they register or make their first deposits. In most cases, online casino bonuses are in the form of free spins, match deposit bonuses, or cash-backs. We discussed extensively the two major types of crypto gambling platforms available. Also, we highlighted the perks and drawbacks of each, and we advised that you consider these facts to help narrow your research to a specific classification.
For one, if you are not a fan of KYC requirements, then it is obvious that hybrid crypto gambling platforms, which enforce KYC registration, are not suitable for you. Also, if you believe that fiat currencies could come in handy, at one point or the other, while gambling, you should, therefore, stick to hybrid websites.
Once you have an idea of what to expect from a standard crypto gambling site, it becomes easier to streamline your search to a specific classification. For people leaning towards hybrid gambling platforms, it is crucial to determine the regulatory standpoint of the gambling operator. First, you ought to ask: Is bitcoin gambling legal in my country?
It is imperative to note that a majority of countries have enacted laws governing the activities of gambling facilitators. Moreover, the degree of strictness of such rules depends on the home country of the gambling operator. In most cases, these operators must seek approval from regulators and get licensed before they can run a legal gambling business. As such, we advise that you identify the authority that licensed the crypto gambling platform under review before adopting its services.
More importantly, seek out gambling platforms located in regions that are known to enact rules that protect users from scams and other security-related mishaps. On the other hand, there is a very low probability of finding crypto-only gambling platforms with licenses from reputable commissions. Nonetheless, it is also true that a majority of these entities are open-source projects, which, to an extent, establish the fairness of their games. After you must have verified the legality of the gambling platform, the next line of action is to explore the type of games it provides.
You should check for the variety of options as regards gambling games available on the site. This is where you need to decide whether it is the services of a crypto online casino or crypto sports betting website that you require. If it is online casino games you wish to play, ensure that it provides an array of games so that you do not have to open an account in other online casinos just to access more gaming options. For those opting for a bookmaker, it is critical to review the array of events or games you can bet on and their odds.
Better still, you can choose an online bitcoin casino with betting services for different sports is a prudent approach. Such platforms provide both casino and betting features. While it is good to verify that the platform under review can offer various gambling services, do not forget to confirm that the gambling operator provides quality services, regardless of the number of games it incorporates.
Hence, it is better to stick to a platform that is proficient in one or two games instead of opting for one that has all the games but cannot guarantee top-notch services. A good reputation is paramount in the gambling world. Therefore, you ought to check the crypto gambling website's track record. Ensure that it has never recorded security-related issues.
And in case it had experienced security setbacks, ascertain that it handled such incidents competently. Also, you could research its stance in the global gambling community. Does the platform sponsor globally renowned competitions, or has a genuine way of giving back to the community? Gambling operators must not leave any stone unturned, as regards the provision of intuitive and responsive interfaces. In essence, users should find it effortless to navigate the cryptocurrency gambling site and have quick access to new updates.
It will surprise you how much players lose as a result of a poor or slow interface. Another important detail that you should consider is the availability of a mobile app. Also, ensure that a majority of the platform's core features are accessible on the mobile version of the application. All these details would determine the gambling experience that the platform can offer. In other words, we advise that you review the user experience, mobile-friendliness, and design of the platform you are about to adopt.
This you can do by simply visiting and touring the cryptocurrency gambling sites. Gambling is an intense activity that evokes a lot of passion and emotions. Thus, it is common for aggrieved users to direct their frustration towards gambling operators. When this happens, the customer service culture of the crypto gambling platform would determine how it handles such situations. You wouldn't want to subscribe to an online gambling platform with poor feedback mechanisms or one that is notoriously known for leaving users in the dark.
Gaming platforms that offer betting exchanges and bitcoin poker rooms would require a level of traffic for it to work. Although this does not apply to most other gambling games, it does not hurt to take some time to research the average number of players that visit the website and how these statistics could affect your chances of winning. Besides, there are cases where having too many players in one game could reduce the frequency of your earnings.
It is common for gambling platforms to offer welcome bonuses, free spins and cash-backs that will keep users engaged even when they do not have enough funds to make bets. However, in most cases, these bonuses come with clauses that would eventually nullify their benefits.
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