The recent bitcoin price surge, with profits nearing 90%, has brought worldwide attention to this decentralized currency system. More and more operations are becoming crypto-friendly to attract a solid customer base. And it is here that online casino companies have benefited the most!
With the rising popularity and demand for online casinos and games, many operators in the gambling industry have started offering cryptocurrencies like Bitcoin as their payment method.
This created quite a new sensation. So, to keep you up to speed, there are a number of in-depth guides for crypto casinos as well as comparison websites like Casinofrog.com to determine which operators best meet your needs. However, whether you are completely new to the scene or an irregular who’s unsure what to look for in a new bitcoin casino, stick around till the end to find out the boxes you must tick when you are looking for a crypto-friendly casino.
New Bitcoin Casino Checklist
The current net worth of the online casino business has crossed 61.5 billion USD in 2021 and is projected to surge up to 114.4 billion USD within 2028. As new operators are opening up for punters every day, there is no foolproof way of saying which operator is the best.
However, these little inquiries will always help you out by spotting the best online crypto casinos that fulfill your requirements.
Ensure Cryptocurrency Withdrawal
Though many casinos might allow bitcoin or other cryptocurrency deposits, there’s no guarantee that all of them support withdrawals in cryptocurrencies. For many, that means converting their NFT tokens or Bitcoins as money without any choice in it.
Thus, if you want your winnings in cryptocurrencies, make sure your crypto casino supports both payment gateways in the same currency. Just browse to the help section or take support from the customer care of your casino’s website to find out whether it supports crypto payments in both directions, and you are good to go.
Verify That Your Casino Accepts Your Preferred Cryptocurrency
There are several cryptocurrencies out there, like Bitcoin, Ethereum, BNB, Tether, Litecoin, etc. Each currency has its own market price and conversion rate. So, it is a must that you make sure your casino supports the exact cryptocurrency that you’d like to use.
Most often you’ll find this information on the homepage or the landing page of your casino. If you want to invest in more than one type of cryptocurrency, here’s your chance to find out and compare which one benefits you the most.
Thou Shall Not Subscribe to Unlicensed Casinos
Licensing ensures the casino is operating in a safe and controlled way. It means it has its own set of terms and conditions by law, and a body to monitor the operations of the casino. Only then can you hope for your casino to be reliable!
Also, different types of licensing offer different perks. For example, an EEA or EU license (for European Union countries) will ensure your winnings are not taxed. So, check out the licensing information to avoid getting scammed.
Finally, a little thing that almost every new punter might overlook because of the abundance of bonuses and offers is the gaming experience. No matter how much you are in it for the money, the joy of punting mustn’t be interrupted.
So, make sure your casino operator functions smoothly on both your computer and mobile devices before subscribing.