The iGaming industry and online gambling industry are always trying to stay at the forefront of innovation and cutting-edge technology, and while there are currently numerous fully licensed gambling sites that accept major cryptocurrencies, such as BitCoin, there are still a great number of sites that are still reluctant to accept them. This begs the question, are blockchain casinos the future or just a bump in the road?
What are blockchain casinos?
Blockchain casinos are basically online casinos that accept BitCoin and other cryptocurrencies as a viable payment solution. In other words, you can now use BitCoin to deposit money into your online casino account and then use that same method to withdraw your winnings when it comes time to cash out.
In recent years, a growing number of fully licensed online casinos have added cryptocurrencies to their list of available payment options. This means that you can now use any money that you have in your Bitcoin wallet to play a wide range of slots and classic casino games and even enter the realm of live casinos.
What are live casinos?
A live dealer casino is an actual casino that uses real life dealers, which you can access when you sign up to an online casino. You can play live dealer casino games today at almost every online casino in the world, and some of the most notable live dealer casino software providers out there today are Evolution Gaming, Playtech, Microgaming, NetEnt, Extreme Live Gaming, and Pragmatic Play.
Between them, these innovative companies have produced an impressive portfolio of games, such as Live Blackjack, Live Baccarat, Live Casino Hold’em, and Live Roulette.
You can also now find a wide range of extremely popular television game show-themed live dealer games, such as Live Crazy Coin Flip, MONOPOLY Live, Live Deal or No Deal, Live Crazy Time, Live Dream Catcher, Live Money Drop, and Live Adventures Beyond Wonderland.
You also have Live Lightning Dice, Live Mega Ball, Live Spin-a-Win, Live Boom City, and Live Sweet Bonanza Candyland, to name just a few hot titles. Live dealer games are generally only ever available in the real money mode, and you can enjoy playing these state-of-the-art games either on desktop or mobile.
How to use BitCoin at online casinos
It’s free to sign up to an online casino, and you can register a new account in less than a couple of minutes by filling out the simple online registration form, provided you are over the age of 18. As soon as your new account has been activated, you can head straight to the cashier section, where you can choose from a variety of trusted payment options.
The most popular payment methods tend to include debit and credit cards, such as Visa and MasterCard, plus you can also use e-Wallets, including PayPal, NETELLER, and Skrill, and one or two other reliable payment solutions, such as Paysafecard and direct bank transfers. It would be a good idea to use a payment option that allows you to deposit AND withdraw.
For example, some online casino payment options only process deposits, whereas others are for deposits and withdrawals. The good news for those of you who prefer using BitCoin is that you can now deposit and withdraw using this method.
If the casino accepts BitCoin, simply select this method to add funds to your account, and then follow the instructions that appear on the screen for you. If you already have a BitCoin wallet at a website where you can buy and sell BitCoin, such as Coinbase or eToro, then you won’t need to open a new account anywhere.
You need to make sure that you have available BitCoin funds in your wallet before you can deposit, and you will find that using BitCoin to make a deposit at a blockchain casino is just as easy as using an e-Wallet. It’s generally free to use BitCoin, and it’s extremely secure, which is why a growing number of players prefer to deposit and withdraw at online casinos using this cryptocurrency.
Deposits with BitCoin are usually processed in the blink of an eye, and you will find that most BitCoin withdrawals tend to be processed within a couple of hours at most. When you have withdrawn your winnings from a casino to your BitCoin wallet, you can then withdraw your money directly to your bank account that’s connected to your cryptocurrency wallet.
Is there a future for blockchain casinos?
It’s still early days for cryptocurrencies, so it’s hard to tell whether or not blockchain casinos are here to stay. Cryptocurrency has been linked to criminal activities, which is why so many of today’s major online gambling operators have yet to add BitCoin and other similar cryptocurrencies as a viable payment solution in their cashier section.
If you sign up to an online casino that doesn’t accept BitCoin, you would still be able to play in the real money mode. You would just have to use one of these other reliable payment options mentioned above instead.