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:

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

Do online casinos actually pay out?

Gambling seems very suspicious for most people, especially those who don’t play online games for money. The stereotype that online casinos are all cheating and don’t actually pay out is true only for the actual frauds. There are many fraudulent casinos on the net that you can easily stumble upon.

However, the picture is not that bleak. The fair gambling sites exist too. And there are a lot of them. Such online casinos take care of their customers. The players get the appropriate support and overall service including constant payouts.

If you have experienced gaming with frauds, you obviously chose the wrong casino. What you need to do in order to avoid the ‘bad’ casinos is to follow simple rules. The recommended actions won’t take much time but they will certainly save your wallet.

Make sure the casino is totally safe. The legal site must have the license. This document proves the online casino operates under strict regulations. The reputable licensees are Malta GA and UKGC. You can also meet some others like Curacao or Costa Rica. Though the latter is not recommended.
The certified games. All games are supposed to be randomized. Thus casinos cannot rig them. That is why there are authorities that issue RNG certificates. They are mainly eCOGRA or Independent Auditors. They carry out tests of games on a regular basis.
Known owner. Apart from the license sign, the main webpage of fair online casinos should contain info about the head company. You can even search for the company reputation on the Internet.
Feedback matters. There is no better proof than the real players’ experience. You have to search for the comments on your selected online casino. Pay attention to mostly negative ones. As a rule, they are more real. Consequently, they can pay you out.

How to outsmart online casino cyberbots?

The era of innovative technologies and artificial intelligence has reached online gambling too. In fact, both online casinos and players can apply cyberbots to the games with a purpose of outsmarting.

Players who are very good at computers and relevant programs create the bots with algorithms for winning. They do it for two reasons. First, they want to outsmart online casinos, in a word, to win. Second, they simplify the gameplay for themself. They no longer play, they win with a perfect strategy.

On the other hand, online casinos implement cyberbots to stay in advantage. In other words, to keep the edge in house. Mainly, the bots are created for table games like poker or roulette, and ever-known blackjack. To tell the truth, players have two problems with games that prevent them from winning. They are the programmed bots and the codes generated by a computer to shuffle cards, deals and so on.

In order to outsmart the online casino cyberbots, you need to know the algorithms of the bot and code. Actually, it is very easy to figure out if your opponent is a bot. It follows the same patterns and refers to general statistics. It also ‘thinks’ the same certain amount of time. No more, no less, a couple seconds and it gives the result.

Conclusion

All in all, the method to outsmart a cyberbot of an online casino is to recognize the patterns it uses. Simply put, if you know the strategy of an opponent, you know how to beat him. The algorithms are identical and consistent. So, if you understand the rules of table games, and have just a little knowledge of information science, it will not be a problem for you.

How to start playing casino online?

Online gambling is a challenging thing that is even ending in failure and addiction for some people. So, before you start playing at casinos online, make sure that you are not prone to addictions and take responsibility for your actions. I recommend making this decision only if you feel right about it. After this you have to consider some more points before actual start.

Important points:

Is it legal? You need to check if online gambling is legal in your country. Otherwise it may cost you a sentence. However, there is a little hint. Even though the online casinos are prohibited, there still can be a chance to play at international gambling sites. Check if it’s right for your country. For example, New Zealanders can’t play and open an online casino within their country, but they can gamble at international ones based in Malta or Curacao.
Real or scam? The most important decision is to choose the online casino. There are many scams, or fake casinos, that just take your money and never give back. On the other hand, there are good right casinos online. They are licensed and have their activity officially registered. If you have trouble with searching for the right one, we have already cared about it. Check our relevant articles about safe casinos online that are also acceptable in NZ. Then you can be sure there is no risk of being deceived.
Free games are everything! When you just start your experience at the casinos, you have to start for free. There is no need to deposit until you figure out what online gambling is at all. Begin with a free mode. Some casinos don’t even require registration.
It’s time for a bonus! As soon as you are ready to continue with real money, go sign-up. Generally, gambling sites offer impressive deposit bonuses for beginners.So, use this opportunity and claim for the one. In advance, read the terms and wagering requirements. You’ll have to follow them.
The game makes sense. Remember that each game is different. Not only in the type and rules, but also in the theoretical return to player. To be more exact, you need to select a game with a higher RTP (over 95%) in order to get a bigger win. Usually, the high RTP games are table like poker, favourite roulette, blackjack or ever-known baccarat.
Use strategies. Although all games are random, people are still trying to find some consistent pattern. Besides, they think over strategies of betting. If you try to follow some strategy at table games, for example, it may result in an advantage by the end.
Finish on time. Just at the moment when you hit a big sum, close the game. Yes, you have to unless you want to lose everything. Understand that you’ve had enough for today and continue next time. Taking a break at the right time is the secret for successful gambling.

Conclusion

All in all, even considering all these tips for the beginning of your gambling career, remember that your luck is the key. Each game is absolutely random and the result depends on your luck only. Sometimes you have big luck and win, but whenever you feel that you luck goes away, stop playing and quit for a better time.