Crypto gambling sites are becoming more popular, and some gamblers are leaving traditional “fiat” casinos for the privacy and safety of these platforms. According to this website, the best crypto gambling sites are those sites not subject to government oversight.
Since the crypto gambling sites are decentralized, the games and the odds aren’t subject to any centralized authority. All of the odds are generated by random number generators, which is excellent news for players because it means the gambling site can’t possibly be dishonest.
This article will cover some interesting facts about crypto gambling sites and why you might want to try them.
6 Interesting Facts About Crypto Gambling Sites
There are plenty of fascinating aspects of crypto gambling sites that are worth exploring. These facts are listed below.
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The first crypto gambling site was founded in 2012.
The first crypto gambling site opened in 2012 and was called SatoshiDice after Bitcoin’s anonymous creator, Satoshi Nakamoto. Besides accepting Bitcoin as payment, it also offered the original version of the now-famous Satoshi Dice game. Although it was only open for a year before being shut down, it paved the way for today’s most common and lucrative online gambling.
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No exclusivity in crypto gambling sites.
Many online gambling sites are responding to the changing times by accepting both traditional currencies like dollars and digital currencies like Bitcoin. Experts think that the number of people using crypto gambling sites will continue to grow. The reason is that these sites offer a new and safe way to gamble instead of the traditional casinos that use fiat currency.
Since the Bitcoin gambling world is growing rapidly, more crypto gambling sites will emerge. This will increase competition, which benefits players because it means more alternatives and promotions.
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Gambling enthusiasts can choose from a wider variety of games.
Most Bitcoin gambling sites have a more comprehensive range of games than traditional casinos. For instance, these Bitcoin gambling sites feature poker, blackjack, and other table games, as well as odds on various sporting events.
These sites, on average, provide between 300 and 500 unique games for their customers to choose from. Unfortunately, many of these options are only available on Bitcoin gambling sites.
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Over a hundred different cryptocurrencies are accepted as payment.
The most common cryptocurrencies in crypto casinos are Bitcoin, Ethereum, Litecoin, Monero, and Dogecoin. However, presently there are many more available alternatives to consider. To spread your investment risk and maximize your potential gains, research each coin offered by specific gambling sites.
Typically, you’ll find support for anywhere from ten to fifteen different cryptocurrencies at online gambling sites that accept them. In addition, some of them may provide VIP players with access to over 50 other cryptocurrencies.
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More than 150 new crypto gambling sites have gone live.
There are now more Bitcoin gambling sites than ever to serve the $70 billion worldwide gambling industry. Every year, more than 10% of new businesses enter the bitcoin casino market, which helps the industry grow at a fast rate. Even still, that’s an unexpectedly high sum considering the extensive effort and financial investment required to create a Bitcoin gambling site.
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Bitcoin casinos offer third-party audits to ensure fair games.
Unregulated crypto gambling sites have been criticized because customers can’t guarantee they won’t be scammed. Some crypto gambling establishments have responded to this problem by introducing impartial third-party auditors. In these audits, an unbiased group of examiners looks into the casino’s software, game logic, and financials.
The Advantages of Crypto Gambling Sites
There are lots of perks to playing at a crypto gambling site. Here, we’ve outlined six benefits of using a crypto gambling site.
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Betting at Bitcoin gambling sites is entirely anonymous.
Due to Bitcoin gambling sites’ decentralized and unregulated nature, players aren’t required to reveal any personal information. Also, their identities are never tied to any wagers or winnings. This can be especially helpful for players operating in a strictly regulated setting.
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Cryptocurrency gambling sites have a high level of security.
Technology has done an outstanding job in recent years when it comes to protecting assets in cyberspace. Still, account hacking is a possibility.
When you use Bitcoin at crypto gambling sites, you can make transactions with better safety against hacking. To put it another way, blockchain technology is one of the most secure ways to complete an online transaction.
When this technology is used, it’s no longer possible to change or affect any transactions made. In addition to the other benefits, the fact that players can stay anonymous at crypto casinos adds another layer of security.
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Crypto gambling sites offer 24/7 customer service.
Bitcoin gambling sites provide round-the-clock support for any questions or concerns their customers may have. Additionally, because they are entirely digital, anyone can contact them and get the assistance they require in various ways.
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The fee structure of Bitcoin gambling sites is more affordable.
Some people might be surprised to learn that transaction fees at crypto gambling sites are lower than at more conventional ones. This is because Bitcoin gambling sites are always looking for reasonable exchange rates so they can lower their betting costs. You might not be required to pay to transfer funds from your casino account to your wallet at some websites that accept Bitcoin.
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Crypto Gambling Sites are Transparent
Traditional gambling sites use several strategies to entice players. Some tactics that can be used include showing pictures of enormous payouts, inflating the odds, and hiding bonus offers. Unfortunately, many gamblers end up losing money despite these assurances.
Almost all gambling sites hide information from their customers and keep a big chunk of their money. Most brick-and-mortar gambling establishments take advantage of inexperienced online gamblers in this way.
However, Bitcoin casinos are relatively transparent, so it’s hard to hide anything. Due to its online gaming platform’s user-friendliness, users can detect any changes immediately. All odds are genuine and unambiguous, so there are no scams or fraudulent activities that players need to worry about.
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Great deals for crypto gamblers.
At crypto gambling sites, bonuses can come in many different forms. There are currently a variety of promos, including:
- Welcome bonus
- No deposit bonus
- Free spins
- Referral bonus
- Loyalty programs
- VIP programs
- Competitions
- Event tickets
- Cashbacks
- Crypto bonuses
Conclusion
For gamblers from countries where online casino play is illegal, crypto gambling sites represent the pinnacle of ease. They use Bitcoin to gamble at these sites without worrying about their data being compromised.