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Blockchain Online Casinos

Top Online Casinos with Cryptocurrencies

 

Blockchain technology is error resistant. Can you imagine, Bitcoin was invented 13 years ago and since then its blockchain has been functioning without major disruptions. So far, all problems happen because of service hacking or poor control. In other words, it happened due to the human factor, and not mistakes made in the development of the protocol. Blockchain is a mechanism that guarantees the highest degree of accounting and identification. Together, the two systems allow avoiding human errors, preventing changes from being made without the permission of the parties involved. It’s tightly connected with the casino.

Top 5 New Zealand Casinos:

  1. Jackpot City
  2. Spin Casino 
  3. Ruby Fortune 
  4. LeoVegas 
  5. All Slots 

Bitcoin online casinos

Blockchain is a continuous sequence of information storage blocks in the network. As a result, it protects the site from access by unauthorized persons and built according to certain rules. Such a chain records not only financial transactions but everything that has value. Furthermore, each user can post certain information on the network, while others can use it from anywhere in the world. Blockchains transfer a wide variety of values. To gain access to them, you need to have a confidential key with a help of the cryptographic algorithm. By giving it to someone, the user, in fact, gives that person access to the funds stored in a specific section of the blockchain. In the case of bitcoins, such keys open access to the wallets with such coins.

Trends and prospects in gambling

Blockchain technology remains one of the hottest topics in the financial services sector.  Therefore, it continues to expand rapidly in the areas of money and digital identity in recent years. Now is the moment when technology is being tested in all the most significant spheres of public life. And soon the number of projects using it will increase significantly. For example, new platforms operating on the blockchain have the main principles of the general availability of information and top security. For this reason, it can be a good alternative for services where there is a risk of fraud or data theft. In a short time of its existence, technology has gone from innovation to a mechanism that largest corporations, government agencies, and public organizations actively use. This only confirms that the gambling industry will reveal the potential of the technology even more in the future.

Future of blockchain gambling

Analysts predict that by the end of 2023, the growth of the global gambling market may exceed $500 billion. The gambling business is difficult to regulate, and even licensed casinos cannot guarantee 100% transparency. Blockchain will solve this problem and help the industry reach new heights. The key features of the technology are transparency and the highest degree of protection of the received data. Moreover, there is a strict tracking of all monetary transactions on blockchain or crypto casinos. A distributed data storage system ensures that the received information is on multiple devices and forbidden of changed. Since the data is publicly available to the system participants, it is easy to double-check, which gives users a guarantee of fair play.

Gambling resources use Blockchain in different ways. For example, they offer slots based on this technology or provide players with the opportunity to carry out transactions in cryptocurrency. Any of these options is attractive to customers and increases their confidence playing casino sites. By using cryptocurrency wallets, users can remain completely anonymous. In recent years, the number of crypto casinos that have started accepting digital money as an alternative payment method has grown markedly.

Technology features

Gambling and betting sites suffer from the same problems like lack of transparency, restriction of payments by user location, and dishonest casino operators. Today there are a large number of gambling sites created only with the purpose of deceiving players and drawing money out of them. Blockchain technology allows you to permanently solve this problem. The use of blockchain and cryptocurrency technologies in the field of online gambling helps to reduce some negative aspects. And a number of casinos have high hopes for its integration. For example, cryptocurrency transfers in the majority of cases go unnoticed by security officers of financial organizations. Therefore, they attract less attention and reduce the likelihood of further blocking the site.

The boundaries between countries and the location of the sender and recipient do not play an important role, for cryptocurrencies. However, for alternative payment methods, it’s quite necessary.

Key points of operation of online casinos on blockchain

Blockchain casinos operate on smart contracts. This means that the technology will make a calculation of the user’s winnings and transferring the amount to his crypto wallet automatically. In addition, no other outsiders participate in money transfers, which helps to increase the speed. During the use of the blockchain, many users take the role of saving the information on their devices. All information is in the access of network participants, and they can get acquainted with it at any moment. The use of blockchain technology in the gambling sector provides the following advantages for both players and casinos:

  • Anonymity. You can gamble on the blockchain without specifying personal data. Such resources request documents, and participation in certain promotions sometimes does not even require going through the account registration procedure.
  • The minimum commission and high-speed financial transactions. The transfer of funds to casinos on the blockchain is carried out as soon as possible due to the direct transactions. In addition, transactions based on blockchain technology are subject to lower fees compared to conventional casinos.
  • Availability of information. Thanks to free access to data, the level of trust and loyalty of players to the casinos’ increases.

Top Cryptocurrency Casinos

Gambling resources using blockchain technology are not new in the gambling industry. Among the most famous casinos of this kind are the following:

  • BitCasino is the first bitcoin casino in the world to be licensed. The gambling platform works with Bitcoin and allows customers to instantly withdraw funds from their accounts. The assortment includes almost one and a half thousand games, including slot machines, poker, roulette, blackjack, and other table games. This is the first crypto platform that provided gamblers with access to software from Microgaming. The casino is notable for its loyal deposit limits – the minimum deposit amount is 0.001 BTC.
  • Booi Casino entered the gambling market in 2019. At the moment, the site supports 15 payment methods, including cryptocurrencies. It is possible to deposit and withdraw money from the account in Bitcoin, Ripple, Litecoin, Dash, DOGE, and Ethereum.
  • FairPlay is one of the first licensed crypto resources to implement gameplay integrity control using blockchain. The site contains video slots, lotteries, cards, and board games. The casino makes instant payments. The site works with bitcoin and other cryptocurrencies.
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FAQ

Why should the casino be licensed?

Casinos from our list provide licensed activities by reliable regulators. The security of any casino comes first. That’s why licensing is very important in gambling sphere. Gambling authority issues a license. Every platform that provides wagering, in particular slots, is required to receive a license. Reliable regulators make a full casino check in order to prove its fairness.

Here are some facts about casino licenses

  • Doesn’t matter how many gambling licenses casinos have. In order to start a full casino operation, it has to receive a license. In fact, casinos must be registered under at least one jurisdiction. However, when casinos try to build trust among players, sometimes, they just get the licenses by easy authority. They get it without any problems. As a result, they receive several non reliable licenses, without having at least one with a responsible attitude.
  • Players don’t pay attention to the license. If you don’t care about the casino license, please, make sure to check and be careful about it. It’s very dangerous to fill in your personal information with banking details to scammers and lose money.
  • Licenses are not equal. We’ve already discussed that there are many casinos under different jurisdictions. However, not all of them provide equally reliable service. Some of the most popular regulators: Malta Gaming Authority, UK Gambling Commission, Curacao eGaming, Kahnawake and Gibraltar Gambling Commission.

How to identify the license?

Most casinos show the list of licenses and other certificates in the bottom of the home page. You can easily scroll down and see the stamp of a certain regulator. Moreover, there is a possibility to find the casino on the website of a licensor. For example, the UK Gambling Commission provides a list of casinos on their website.

Conclusion

In fact, gambling licenses are very expensive. As a result, casinos, which have a license, have to be very serious about gambling activities and customer satisfaction. They can guarantee trustful and fair experience for all players, especially for jackpot winners.

The first thing to do is to stop playing this slot and contact the representative of the casino. This is easy to do, as all casino sites have a support chat. There you will need to answer questions and support will be able to help and explain what happened and why.

Money rules the world, as they say. And this is the real reason why players come to online casinos. However, not everyone can win big money on these casino sites. There are several factors that affect whether you win or not.

Luck

The first thing that mustn’t be failing on the players’ side is their luck. You know how it works. Sometimes your hand is so lucky that you win every round in a row. But there are days when you have failure after failure. So-called rainy days are affecting not only game results but your emotional status as well.

Randomizer – RNG

This thing was created to avoid any kind of cheating by online casinos and users. Users are safe to get the fair results, and online casinos know their games are not broken. Random number generators can directly influence the results of your session. Basically, it’s the same with luck. You either get a positive spin or negative one, and you can’t say which will be the next.

Addiction level

The most popular reason why players can’t win money and finally withdraw is that they can’t stop. Their mind tells them to keep spinning. They are hypnotized, so to speak. Whenever they feel like winning, they spin more and more. Eventually they win nothing. So, if you are an addicted gambler, even though you don’t know it, you can hardly win much on online casinos.

Small deposits

It can sound strange, but if you deposit too little, say $20, you can easily lose them all away. This is kind of a setting of RNG. They are programmed to leave a certain percent of your money to the casino (house edge). By the way, you automatically agree with this when you launch a game, as is stated in the gamerules. So, when you place bets and play, you are starting to lose the deposited money. And in order to get them back you need to place more bets. But the point is you might have run out of money. As a result, you’re left with nothing.

Concluding points

Players can win real money. Online casinos really pay out. If you fail to get the winnings, then probably you are lacking one of the mentioned factors. Thus you need to check them all in your case. If you can’t quit a game at the right time, work it out. If you deposit too small sums, make it a bit bigger. Finally, when you think the problem is your luck or randomizer, you need to take time and relax. Additionally, make up a betting strategy and place limits to the bets. After you get necessary experience, you will see how the real money can fill your bank account.

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