Real money casinos and crypto casinos both work off the same general concept: players get to enjoy a selection of gambling options on an online platform. The industry has grown huge, and several providers have online establishments today. The platforms usually exist as an ordinary online casino. If you are curious to learn how crypto systems fare, look at some good bitcoin casino ratings to compare your options side-by-side.
With time, there has been another form besides the conventional platforms — crypto casinos. They do not differ from the conventional real-money casinos in the following key aspects:
- Money Transfers & Betting
Most casino gamblers use traditional currencies, hence usually transactions are conducted through the use of payment providers, bank cards, or fiat currency direct transfers like US dollars. Crypto casinos make use of digital currencies such as Ethereum or Bitcoin. Some accept both systems, but others accept only cryptocurrencies. - Security
However, blockchain-based encryption and decentralized processing of crypto casinos are said to be more secure. Thus, their privacy guards information and minimizes the risk of fraud and manipulation. - Payout Rates
Crypto casinos return more than regular casinos on average. They always give back 98% to 99.5% of their players' bets, factoring in the house edges of 0.5% to 2.0%. Regular casinos usually take anywhere between 3% to 15% depending on what games are played.
A Deep Look into Crypto Casinos
Cryptocurrency-using online casinos offer excellent security and anonymity using decentralized blockchain systems. The technology provides that the transactions happen between just two individuals, with no intervention of any third party. The privacy and velocity of transactions offered are among the foremost reasons online casinos started to use cryptocurrencies.
Crypto casinos fall into two categories. Pure crypto casinos exist, where only digital currency is used and no fiat payments are offered. These require special client software and a corresponding wallet to use.
Hybrid casinos are the second type, offering both crypto and fiat payment options. These are more convenient and open to new users.
Pros and Cons of Crypto Casinos
The biggest advantage of crypto casinos is anonymity. Since the currencies are digital, players are able to deposit anonymously. Other payment methods cannot be traced to individual users because crypto transactions cannot. Players are also able to avoid transaction fees and even possibly taxes in some cases.
Another advantage is the extreme level of security. Due to encryption, it is nearly impossible for an external party to tamper with your coins. Cryptocurrencies are, however, volatile regarding their value. The real value of your balance can fluctuate quickly, at times even within days or weeks, because of wild price oscillations.
Game Selection in Online Casinos
Whether it's at a real money casino or a cryptocurrency casino, players are able to play a large number of games. Variance from game to game is usually minor and more a factor of the site than the coin.
Common game categories are:
- Slot Machines
The most popular type of online gambling is slots. Slots come in all themes and genres, from Ancient Egypt to jungles and movie-themed reels. Slots are normally three-reel or five-reel and have basic gameplay and are best suited for new players and high-rollers. - Table Games
These include traditional casino staples such as poker, roulette, blackjack, andbaccarat. These games have been around for centuries and are a staple in every online casino. - Live Dealer Games
This is the closest thing to online gambling, simulating the experience of a real casino. Games such as live blackjack, roulette, baccarat, and even poker are broadcast in real time with expert dealers, offering a true-to-life and exciting environment.
Crypto or Real Money Casinos? – Match It to Your Preferences
If you're a fan of online gambling, you'll be faced with choosing between crypto casinos or real money sites. That's merely the tip of the iceberg of a bigger decision-making process.
It is logical to look for comparisons of the games available prior to signing up. Site reviews from professionals can provide a good starting point, but independent investigation is even better. Consider asking yourself these questions:
- What type of game would you like to play the most?
- Does the casino offer a fun selection of slots?
- Is your favorite table game available?
Don't overlook payout percentages, either. The higher the payout percentage, the better the potential for winning real money. As much as crypto casinos do seem to have an advantage, that's not necessarily the case all the time — so comparing is key to maximizing your winning potential.