Blockchain Casinos: Pros and Cons
- Honest and transparent
- Provably Fair games
- Multiple cryptocurrencies available
- Not legal in all locations
How does blockchain technology integrate with online casinos?
A blockchain application in an online casino creates something that looks much like many other online casinos on the surface. Yet if you dig deeper, you’ll see there are some crucial differences. They may not be that noticeable at first, but they touch on some of the most important things you can think of.
Greater security
I keep using the word blockchain, but I’ve yet to describe it. It’s best if you think of it as a ledger – a record-keeping book, if you will. Every transaction made at a casino, whether it’s a deposit or withdrawal, is recorded there. This goes for all other transactions made via a cryptocurrency, too. There is no way the ledger (blockchain) can be tampered with, and since everyone can see it, it’s safer and far more secure than the systems in place at other casinos.
Greater transparency
I guess this leads on from the security features I covered above. If everyone can see what’s happening, with all anonymous transactions recorded, a crypto casino can enjoy transparency that isn’t possible outside the blockchain. This applies to all the best crypto betting sites, regardless of the games or other features they’ve got for you.
Fairness for all players
Fairness is a huge topic, and it’s one of the best features of a blockchain casino. If there is one word that is most important for all casinos, it’s this – trust. I must be able to trust a casino if I’m going to use it. If I choose to play at a blockchain casino, that level of trust is already in place.
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What are the advantages of using decentralized gaming systems?
Let’s bite the bullet and address that ‘decentralized’ bit first, shall we? What does it mean?
Decentralized refers to something that isn’t central. That’s about as clear as mud, isn’t it? Okay, let’s go further… in terms of cryptocurrencies, it means they are controlled via a network rather than by a group. It’s the opposite of a bank controlling a payment method, for example.
How does this work with crypto casinos?
Crypto casinos using blockchain for online casino games offer the advantage of transparency and clarity that you don’t get with other casinos. I’ve come across plenty of online casinos with no license, no clear ownership info, and little else to let me know it’s safe to play there.
This doesn’t happen with crypto casinos. Blockchain technology means everything is transparent. You might say the casino has glass walls instead of brick walls, so you can look inside and see exactly what’s going on. I still read plenty of reviews about a casino before deciding whether it is worth using, because there are lots of elements rolled into each site. However, nailing the trust issue is a big advantage to have from the start.
Players can deposit and withdraw via one or more cryptocurrencies
You’ll find all the usual suspects in store whenever you rock up at one of these casinos. I can usually find the following for starters:
- Bitcoin
- Bitcoin Cash
- Dogecoin
- Litecoin
- Ethereum
There are usually some others too, although the mix varies with each site I visit. Most sites use the logos for these methods, and I find there’s usually a banking or payments page I can read as well.
Players get access to a range of Provably Fair casino games
These only ever crop up at cryptocurrency casinos because they use the blockchain to provide a fair and transparent gaming experience. You simply won’t find them at casinos that only provide players with regular ways of depositing. Those interested in running a crypto casino can purchase blockchain casino software that forms the framework for these sites. I also look for any crypto live casino games that might be available to play.
I’ve tried a few of these, and while I’ve found one or two Provably Fair slots on these sites, the following blockchain casino games are good to try as well:
- Crash – usually involves a rocket or similar; the multiplier goes up as the game progresses; you must try and cash out before the rocket crashes to win
- Plinko – the game uses a board filled with pins; make a bet and drop your ball; ideally, the ball should land in the highest slot value at the bottom of the board
- Dice – based on using two dice; choose a number from a range; bet on whether the dice roll will be higher or lower
How to find the best blockchain casino to use online today
I always run through a checklist prior to signing up for any casino. While some of the items on that list remain the same when I’m researching blockchain casinos, there are some key areas worth checking out as well. I’ve laid out the main features you should look for here.
Find casinos that are available in your jurisdiction
Some countries do not allow crypto payment methods at any casinos, so they’re not going to allow crypto casinos to run either. There are always developments happening in this area, so it’s best to be sure you read up on what’s happening for you in your area before getting involved.
Consider which games you want to play
It’s good to find Provably Fair games at a blockchain casino, but while you might spot Plinko and similar games across several crypto casinos, they will look a little different each time. You might prefer one site over another, and of course, it’s also good to see what else you can play.
Here are two things I always look for before joining a blockchain casino:
- Game studio range and availability – how many studios are there; are there famous names involved; are there smaller game studios as well?
- Game range – is it all about slots or can you find other games to play; table games, bingo, keno, and video poker are all worth looking for
Obviously, my preferences won’t be identical to yours, so consider the titles you most want to see and find a casino to match.
Check for bonus availability
The favorite is the no deposit bonus, although I don’t always manage to find it. Next up is the welcome bonus, usually covering one deposit but sometimes more. Look for these aspects before deciding which site has the best offer:
- Wagering requirements – how low are they?
- Bonus completion times – how long do you get to fulfill the bonus conditions?
- Attainability – is the bonus easy to complete or not?
Consider whether you would like an app
A Bitcoin casino app might make it easier to play on a smartphone or tablet, for example. I find most modern casinos work fine using a browser anyway, but I do check this before getting underway.
Have you spotted your preferred blockchain casino yet?
With plenty of reviews flooding in for you to read here at GameChampions.com, the ball is in your court when it comes to signing up somewhere that looks appealing. With my info about blockchain gaming action here, you can return to it whenever you need to brush up on your knowledge before you choose an online crypto casino.
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Read these blockchain casino FAQs for further details
?? Is blockchain good for gambling?
Yes, there are many casinos that work via blockchain technology. They offer virtual currencies, greater transparency, and a host of features you won’t find at other casinos. You can read more about the topic at GameChampions.com.
?? Are crypto casinos legal?
The answer depends on where in the world you live. Some countries do allow them, whereas others do not at present. This may change, so it is best to keep up to date on the laws in your jurisdiction to know for sure.
? Can you trust a blockchain online casino?
You should always do your research to determine whether you can trust an online casino, no matter how it operates. However, blockchain technology means that a casino using it must be transparent, as that’s how the technology works.?
?? How many games can you find at blockchain casinos?
It depends on the individual site. Many offer a standard array of games, such as slots, table games, and other familiar options. You can also often find a series of Provably Fair games, involving Plinko, Dice, Mines, and other possibilities.
?? How many virtual currencies do blockchain casinos offer?
It varies depending on the site you use. Many offer a range of cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and more.
