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What are Crypto Casinos?
Crypto Casinos are just like other online casinos but they accept cryptocurrencies like Bitcoin or Dashcoin as payment methods of deposit and withdrawal. For example, on an ETH Casino, you only need the digital token Ethereum to bet on eSports matches or play slot machines. The blockchain is secure by nature which makes it a very hot new topic.
What Makes Crypto Casinos Great?
Crypto casinos are great as using cryptos lets your transactions take place instantaneously. Here there’s no need to wait for your bank to process the payment, just click and go. In addition, with the increased demand for cryptocurrencies in many countries, you can pay for goods and services much more easily!
How Do I use Crypto Currencies in the Casinos?
Basically you first need to register in the online casino of your choice. Once registered, you’ll have the option to deposit funds, and each casino displays which currencies they will accept. In addition to crypto currencies like Bitcoin, a lot of casinos also accept many other payment methods such as cards or e-wallets too.
Provably Fair Casinos
Using your money online has always been a risk that’s why many crypto casinos have sought to provide some peace of mind to players by providing games built on secure technology which cannot be interfered with. A Provably Fair Casino is one that has games that use algorithms that can be analysed for fairness. These algorithms power the game, and make the transactions in the game happen totally randomly, allowing an equal chance for all players, as well as preventing both the players and the casinos from cheating. It is a sure sign of security when an online casino is ‘provably fair’ and you should seek to choose casinos who practice this.