Advantages of Gambling in Crypto Casinos
Cryptos are the rave in India and all over the world. The popularity of the payment option and sheer number of users has led to its increasing acceptance across several industries, including online gambling.
Now, it is common to find a good number of casinos allowing you to deposit, play games and even withdraw in crypto. These crypto gaming platforms have a range of benefits that set them apart from traditional online casinos.
In this article, we will shed light on the unique features of crypto casinos and uncover the reasons why they are growing in popularity in India.
Anonymity
This is the most appealing feature of blockchain technology. Standard transactions with cryptocurrencies are encrypted and require no personal information. This anonymity extends to crypto casinos.
Unlike traditional online casinos, where you will be asked to provide personal details like your name, payment information, and address, crypto casinos allow you to gamble and withdraw your funds without requesting this information.
So if privacy means a lot to you, crypto casinos are your best bet.
Faster Transactions
Another perk that makes crypto casinos unique from other gambling sites is their speed of transactions. Generally, cryptocurrency transactions are speedy. You will be able to deposit and withdraw your money without having to wait longer periods like traditional online casinos.
Little transaction fees
Compared to some traditional payment options like credit cards or bank transfers, cryptos have lower transaction fees. Keep in mind that crypto casinos do not require you to pay an additional fee when you make deposits or withdrawals on their sites. The only charge comes from the cryptocurrency wallets. However, the fees are usually so small that they won’t create a dent in your funds.
Bonuses
Crypto casinos are generous in their bonus and promotional offerings. Some of the incentives available at a crypto casino include welcome bonuses, deposit bonuses, loyalty rewards, and more. Apart from the popular offerings, they also reward you for depositing crypto.
Global Accessibility
Crypto casinos operate on a decentralised network, so they are not bound by geographical restrictions. This means you can access these casinos anywhere in the world, regardless of your location or local gambling laws.
For instance, if a crypto casino offers its services to Indian players, you can still play games on it for real money if you are in Pakistan or Bangladesh.
Security
Your funds are secure when you gamble on a crypto casino. Thanks to blockchain technology, the transactions you carry out with cryptocurrencies are encrypted, making it very difficult for hackers to manipulate or tamper with the data
However, you should ensure that you play at only an approved or trustworthy crypto casino to enjoy these enhanced security features.
Large Games Variety
Most crypto casinos offer an extensive portfolio of real money games, including online slots, table games, video poker, and more. You also get to see games that are themed around crypto and are only exclusive to these platforms.
In addition, crypto casinos’ games are considered “provably fair” because the platform upholds fair play and ensures transparency in their outcomes. Through cryptographic algorithms and publicly verifiable information, crypto gaming sites allow players to verify the fairness of each game’s results.
Lower house edges
Some crypto casinos offer lower house edges than traditional casinos. The house edge refers to the statistical advantage the casino has over the player at any given time. By offering low house edges, players have a higher chance of winning and cashing out in the casino.
Crypto casinos have what it takes to attract an average gamer. However, it’s important to note that gambling in crypto casinos also comes with its own risks. Let’s take a look at some of the potential disadvantages of crypto casinos.
Volatility: Cryptocurrencies are highly volatile. Their value fluctuates rapidly, and this can affect the amount of your gambling winnings or deposits. If the value of your chosen crypto decreases significantly, it can reduce your overall gambling funds.
Lack of regulation: Crypto casinos often operate in a decentralised and unregulated environment. As stated earlier, they are not usually bound by any jurisdiction laws.
While this feature could be beneficial if you happen to live in a country that does not support online gambling, it poses several risks. It could lead to a higher risk of encountering fraudulent or unscrupulous gaming sites.
Without a regulator checking the operations of a casino for fair play, players’ interests may not be protected. This is why it’s important to only play games at a licensed casino or one with a positive reputation.
Top Crypto Sites in India
Several platforms allow you to play with crypto in India. While some feature cryptocurrencies as one of their payment options, others build their entire offering around the blockchain platform.
Two notable crypto casinos include Stake and BC.Game.
Stake
Stake accepts a wide range of cryptocurrencies, including Bitcoin, Ethereum, Doge, and more. The platform offers several popular Indian titles like Ashoka, Teen Patti Live, Pearls of India, and Supar Andar Bahar. It is verified by the Crypto Gambling Foundation.
BC.Game
BC.Game features a large catalogue of casino games that you can play using several cryptocurrencies. The platform’s casino lobby has games like slots, blackjack, and live dealers. The platform also offers a long list of promotions that can earn you free crypto.
