Beginning with crypto casinos – An in-depth guide
We all know of online casino and games like blackjack, poker, dice, and others. But inefficient transactions and privacy/security issues are players' biggest concerns when playing games in such casinos.
Crypto casinos, such as https://bitcoincasino24.net/, on the other hand, merge traditional casinos with de-fi. What does that do for you? Fast and secure transfers, high security, and sometimes even KYC-free. Check out sites like BETS.IO, for instance, where you can play an enormous selection of traditional casino games in cryptocurrency without having to provide an ID—others like BC.GAME let you create an account with your crypto wallet.
The reason registration in most crypto casinos takes merely a second (all you have to do is enter an email address) and payouts are made immediately makes it easy to play on the go. And as no identity verification is required, you do not even have to worry about social stigmas of playing online.
But since the crypto casino tale is now trendy and fashionable, several scam sites have also emerged. Thus, users need to ensure that they play in licensed and legitimate cryptocurrency casinos.
Here in this guide, we will explain to you how to begin with crypto casinos.
Choose a popular crypto casino.
What must a crypto casino do to be trustworthy? Some players would reply, "a plenty of opportunities to gamble." But that is only half the truth. Most crypto casinos offer a theoretically infinite number of games, but they don't pay clearly and in a timely manner enough.".
There is no benefit in risking your capital in a casino whose payment is not guaranteed or indefinitely delayed without any secondary options. Guaranteed payment (such as on BETS.IO) is therefore the only foundation to determine whether a crypto casino is legitimate and trustworthy.
Fairness and licenses
Imagine visiting a casino where all games are rigged to ensure that the house wins. You can never expect to win at such a casino in the long run. Sure, a traditional casino does tend to come up with rules so that the house wins 70% of the time.
Even the illicit crypto casino websites have rigged and unfair systems, where the gamblers will always lose in the long run. These sites are often hard to tell apart as their glamorous look and interface are identical to that of reputable casinos. Fairness is thus the most important and top consideration you should investigate.
In addition to that, the casino must also be licensed. This guarantees that the platform has been scrutinized extensively and vetted by third-party institutions. Licensed sites are also less likely to hold your deposits for eternity or steal your winnings.
Support for numerous cryptocurrencies
It's one of the minimal things that won't be a problem for the majority of players, but it's a nice addition. If a platform is trustworthy, then players would be okay with not having cryptocurrencies available. Such things are easily exchanged instantly using any dex or a centralized exchange like Binance or Coinbase.
And thus, being compatible with several cryptos is a cherry on the cake. It is not necessary but nice to have. Crypto gambling platforms like BC.GAME provide coins such as BTC, DOGE, XRP, ADA, DAI, ETH, USDT, TRX, POL, etc.
No KYC or verification
KYC (know your customer) is often required in traditional and crypto casinos. Websites like these often prefer to capture your true name, home address, government ID documents, phone number, and other information.
But that contradicts one of the most basic principles of de-fi and cryptos: anonymity. Also, nobody would like to provide that information to a casino because they don't want to make it public among their friends and family.
Some casinos, like BETS.IO, continue to keep users anonymous and allow one to register with an email only. No other documentation is required to play, win, and withdraw.
Liberal bonuses
Most crypto casinos offer a set of daily, weekly, or monthly bonuses, including sign-up, deposit, cashback, and so on. This is one of the ways in which they are able to reward the player base.
BETS.IO follows the same path and offers incredibly high bonuses. On your first deposit, you are eligible to receive a 100% bonus up to 1 BTC and 100 free spins. The second deposit is the same, where it offers you 75% up to 1,000 USDT and 75 free spins. There's still more; you get 10% daily cashback, weekend reload bonuses, and much more.
In contrast, with BC.GAME, you get a 120% first deposit bonus. For the second deposit, you get a 100% deposit bonus. Similarly, the third deposit gives you a 150% deposit bonus, and the fourth gives you a 100% deposit bonus. All the four deposits give you 100 free spins. There are other bonuses for frequent players, including the rakeback program, where players get bonuses for every bet.
Register at the casino
- Most no-ID crypto casinos have a simple registration process. You just need to provide your email address and password, and you're good to go.
- You can then deposit and play.
- We will, in this tutorial, be using BETS.IO and BC.GAME as they are safe and legitimate no-ID casinos.
- Create a basic crypto wallet like Phantom
The first thing is to construct a cryptocurrency wallet. Next, you will connect this wallet to the cryptocurrency casino. As a security precaution, never use your main wallet.
Remember that your wallet choice will depend on the cryptocurrency you want to utilize in the casino. In our case, we utilize the Phantom wallet, supporting Solana, Base, Polygon, Ethereum, and Bitcoin assets.