Source: medium.com

Advantages & Disadvantages of Bitcoin Casinos

Non GamStop casinos have only grown in popularity in recent years. There is an amazing range of providers and new ones are added every month. This year alone, some online casinos have already been opened.

In addition to classic casinos, a new trend has now emerged – so-called crypto casinos. These are arcades where you pay with cryptocurrencies. Cryptos have become quite popular in the last decade. You notice that quite quickly when you look at how many of these currencies now exist, but also when you examine the Bitcoin course.

Cryptocasinos therefore have the potential to become even more important in the near future. Therefore, we want to go into what makes this type of casino what it is, where the advantages lie, but also what risks may be associated with it.

The Advantages of Non GamStop Crypto Casinos

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An important advantage of crypto casinos like gamblingpro.pro is that you remain anonymous. Due to the nature of cryptocurrencies, transactions cannot be linked to one’s own identity. Unlike in normal casinos, you will not be asked to authenticate your identity there. Therefore, it is possible to play in crypto casinos not on GamStop even if you live in a country where it is not allowed.

However, it should go without saying that doing so makes oneself punishable.

Crypto casinos typically have lower fees than their traditional counterparts. This mainly affects withdrawals. Usually there are no fees to deposit or withdraw cryptos. Converting to another digital currency is also usually quite cheap. It can also take up to 20 minutes for a withdrawal to arrive in the crypto wallet, but that is much better than in some online casinos, where you sometimes have to wait weeks for your money.

In crypto casinos not on GamStop there are also games that cannot be discovered otherwise. This includes not only the classics, such as blackjack, slots or poker, but also sports betting and betting on crypto course developments. In fact, crypto casinos feature some games that can only be found there.

Of course, crypto casinos also have various promotions to offer. This means that you can get a number of discounts when you register. We have listed some examples here:

• Welcome Bonuses
• Deposit Bonuses
• Free Spins
• Loyalty programs
• VIP schemes
• Cashback offers
• Tournaments
• Bonuses for deposits made with certain cryptos

The number of crypto casinos is increasing rapidly, it is estimated that around 150 new providers enter the scene every year. The number of cryptos is also increasing. Luckily, most crypto casinos give you the option to pay with a wide variety of currencies. The first crypto casino, which opened in 2013, is hardly popular today as it only allowed Bitcoin to be used there. Other operators have learned from this circumstance, so that you now have an enormous selection of payment methods.

The Disadvantages of Non GamStop Crypto Casinos

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Of course, non GamStop crypto casinos should not be viewed uncritically either. Some advantages give rise to equally significant disadvantages almost immediately. Above all, this is the case with anonymity. Since you do not authenticate yourself and payments via the blockchain are irreversible, you have hardly any legal options to take action against a provider. Especially if you are not actually allowed to play in online casinos. There are casino operators who have taken advantage of this and some crypto casinos are nothing more than scams. You get promises of great offers and odds, but once you deposit money, you can’t withdraw it.

If you want to be on the safe side with a crypto casino, you should make sure that there is an official license. As a rule, you should also check that it is a European license.

The games can also be tricked if a casino is not regulated. Unless you know how to program, it’s hard to tell if a slot’s probabilities have been tampered with. Independent monitoring bodies are needed to ensure that players are not cheated in this way. Trusted providers will state what license they have and how they maintain safety and fairness to the player.

If the market with crypto casinos is still too uncertain for you, but you still want to play with crypto currencies, you can also choose them as a payment method in some classic casinos. This ensures that you are dealing with a trustworthy provider, but can still use your cryptos. In this way, the advantages of both concepts are ideally combined.

Important Things to Consider When Choosing the Best Non GamStop Bitcoin Casinos

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There are some important criteria you can use to choose the best bitcoin casinos in 2021. Let’s look at some of these considerations below:

• License – You should ensure that the bitcoin casino you are eyeing is regulated and licensed by a well-known authority in a reputable jurisdiction.
• Deposit/ Withdraw Terms – First and foremost, the casino should accept bitcoin deposits and withdrawals for it to be called a bitcoin casino. Additionally, if you wish, it should also accept conversions to and from fiat currencies. Basically, the terms of payment should meet your requirements.
• Customer Support – The casino should offer 24/7 customer support (preferably) through multiple channels such as email, live chat, social media and phone.
• Bonuses – Almost all reputable bitcoin casinos today offer attractive deposit bonuses. Many even offer bonuses for new sign-ups. While this is a healthy criterion to use when comparing casinos, you should also pay attention to other aspects such as customer service, user experience and customer satisfaction.
• User Experience – The bitcoin casino should offer a wide variety of games from well-known providers like Microgaming, NetEnt, Evolution Gaming, Play’nGO, etc. In addition, these games need to be constantly updated. And the platform needs to provide the latest offerings from the market as soon as they hit the market.

About Carolyn Lang