The post-Covid era brought us a rise in online activities. Among them are crypto casinos, one of the most lucrative recent industries the world has seen. Are you confused by the crypto world? You'd like to be a part of it but are reluctant to try due to the plethora of confusing concepts that make your head spin? Don't fret. Many people feel that way. Keep on reading and we will simplify online crypto gambling for you, introduce you to the major characteristics in the simplest possible language, and get you ready to partake. Buckle up and follow us on this fascinating journey where you will learn vital info on new crypto casinos.
It is amazing how a relatively fresh industry managed to transform so much. Thanks to online crypto casinos, players from all over the world can access any site, use their favorite method of payment, get instant withdrawals, enjoy myriads of different types of games, and have top-notch safety. They can even join anonymously if that is their priority. Have you ever wondered how it all began? Read on, because, in the next section, we will provide a brief history of crypto integration into the elusive world of gambling.
Background on Cryptocurrency in Online Gambling
The intriguing history of crypto casinos is hardly history at all. It started in 2012 with a casino called SatoshiDice which was the first one to integrate Bitcoin payments. It was followed by a couple of veterans but the majority of the brands are only several years old. In recent years, more and more are accepting various altcoins, making it simpler for crypto holders to play.
But, why would you gamble with crypto? The answer is simple. You don't need any personal info, only your e-wallet address, the deposits and withdrawals are faster than any other method, and there are casinos out there that don't use KYC, for those who want absolute anonymity. You don't know what the acronym stands for? Know your client. It is a process of identity verification required upon withdrawals, designed to protect players and casinos from identity theft. To sum up, crypto transactions are faster and safer and the fees tend to be lower.
The Boom of Crypto Casinos in 2023
We know crypto casinos are on the rise but why? Besides the already mentioned reasons, speed, safety, and lower transaction fees, there are other deciding factors behind the ever-lasting success of the industry. Worldwide access. Ability to keep one's gambling activity far from the prying eyes. And Provably Fair games. Unlike traditional casinos, their online counterparts use AI algorithms to ensure the outcomes of their games are random rather than tampered with or favoring the house.
Crazy about AI? Check out this link to an older post.
Some ingenious players even use their winnings in crypto as a gaining method. Crypto price is volatile which might pose a problem but also an advantage. Simply make sure to cash your winnings when the prices rise and you will gain more than you gambled.
Statistics
Did you know that the casino industry is worth up to a jaw-dropping $280 billion? The global market also saw a rise of 7% percent during the time of a mere year, not to mention almost 80% of the players prefer to use mobile casino apps. If you are curious about the most popularly used cryptocurrencies, they are Bitcoin, Ethereum, and Litecoin with the altcoins slowly catching up.
Crypto casinos: A case study
What makes casinos successful? Primarily, their adaptability. The biggest brands in the branches grow their game numbers, include diverse payment options, provide mobile apps, and make sure their customer support is constantly available to solve any rising issue. To demonstrate our claims, here is a mini-review of the famous Buzzluck casino.
Mini-review
License: Curacao
Bonuses: 250% match + $75 free if depositing with crypto
Platforms: Offers iOS, Android, Mac, and PC version
Game portfolios: Slots, live casino, Jackpot, etc.
Payment: Crypto, e-wallets, cards
Customer support: 24/7 live chat, phone, mail
Like all respectable casinos, Buzzluck is licensed by the Government of Curacao, therefore, it is legitimate. Enjoy their multitude of games on your desktop or smartphone and choose your most convenient payment method. In case of any issues, their customer support is here to guide you every step of the way. You don't need to be a seasoned gambler or crypto expert to join. The site is user-friendly. All the information you need is easily found. Read about everything you want on the home page, follow the simple steps to register and if you stumble, the customer support has your back.
Impact on Gamblers
When it comes to the players themselves, the swift changes in the industry affect the users in many ways. Contemporary gamblers can access any casino from anywhere in the world unless their location is restricted due to differences in gambling laws. The innovative AI technology keeps the games fair and the gamers safe by following their profile and searching for red-flag behaviors that could indicate addiction. They can enjoy faster and cheaper transactions and choose between various payment methods.
There is also less need for an intermediary, a role traditionally occupied by casinos. Since they no longer possess full control, they are prompted to improve their services. Eager to know more about cryptocurrencies? Here is a useful link.
Future Trends: Crypto Casinos Beyond 2023
We all love imagining the future, but we must admit predictions are hard. However, following the crumbs of the present can offer us a glimpse into the elusive days to come. Ever wondered what the future of crypto casinos will look like? Here are some possibilities.
We know for certain we will see more altcoins integrated. For those unfamiliar with the terms, it refers to other emerging cryptocurrencies besides Bitcoin and the rest of the old gang.
We have witnessed the emergence of mobile casinos, with more brands introducing smartphone versions. Immersion and user-friendliness are always the major goals and are well done. Most of the sites are easy to navigate and almost all offer live games. What is the next step? Dare we dream of virtual reality? Because improvements in the field are becoming more grandiose.
In the following years, we might finally step into a virtual casino from our own homes. It sounds like something from Harry Potter, but it might not be so far-fetched.
Conclusion
The crypto casino industry grows every day. It is already worth billions, accessible to players worldwide, and provides better privacy as well as faster and cheaper money transactions. The casinos are no strangers to technological progress since they adapt to every new thing, from mobile apps to AI, and use them in a way to protect their users as well as provide them with the best possible service. Taking all of this into account, we have no doubt there are more amazing features to be integrated in the future.
Author’s Bio: Noah is an expert in cryptocurrencies and gambling. He has extensive experience in these fields and provides useful information for beginners and professionals alike.
