All crypto gambling websites can be divided into three categories:
- Crypto casinos. Users can play slots, video poker, blackjack, baccarat, and other table games. Video slots are the most widespread game type, and these casinos have thousands of them. Visitors can always find something to their liking, thus staying on a website for a longer time.
- Crypto poker. This category includes poker rooms where players can bet in cryptocurrencies.
- Crypto betting. Betting on sports with Bitcoin and other tokens.
Crypto casinos are online platforms that provide access to gambling and are based on blockchain technology. They allow users to deposit and withdraw money using cryptocurrencies. Fiat money transactions may or may not be available.
Advantages of a crypto casino
Other advantages include:
- Privacy. All the clients’ payment data remains confidential. Transactions are made without bank account information and are not tracked.
- Minimal transaction fee. Since payments are processed without the involvement of financial institutions or other intermediaries, there are no huge commissions. Both deposits and withdrawals require only a small fee.
- Low minimum deposit. Players can deposit a very small sum of money, which significantly expands the target audience.
- Instant payments. All transactions are processed almost instantly. Users do not have to wait long to receive their money.
- Global access. Crypto casinos are available to gamblers worldwide. Digital coins can easily be converted into any fiat currency.
A crypto casino ensures legal, tax and financial security to its owner. Fraudsters are unlikely to register on such a platform.
Main steps to start a blockchain casino
- Analyzing the market and identifying the target audience.
- Making a list of requirements to a team of developers.
- Ordering website development and software.
The most crucial part of the process is software development. Software usability will have a direct impact on the traffic.
Another thing you should pay keen attention to is choosing the features your website will have. Their number and complexity affect the whole development process and determine the value of your platform to your customers. If users get a positive experience, they will likely come back and tell their friends about your casino, thereby increasing its popularity.
Other features of crypto casinos
- Transparency of cryptocurrency
- No chargebacks
A chargeback scheme involves the following steps:
- The customer pays for a service or product with a credit card.
- The seller provides the service or delivers the product.
- The customer reports the fraud and gets their money back.
With cryptocurrencies, the risk of chargebacks is practically eliminated. Information about a completed transaction cannot be changed, therefore users have no way of getting their money back without administrators’ intervention.
- Expanded customer base
Obtaining a license for a crypto casino
To work legally, it is necessary to obtain a reputable license. One of the main criteria for choosing a jurisdiction is a proper and reliable infrastructure for regulation and supervision of gambling. Getting a prestigious permit will greatly increase the reputation of your online casino.
- Curacao;
- Isle of Man;
- Malta.
All of the above-mentioned features and advantages of cryptocurrency casinos lead to a conclusion that such platforms will be rapidly developing and increasing in popularity in the following years. The numbers speak for themselves: a few years ago, crypto payments accounted for less than 50% of all transactions, and now this figure is approaching 90%.
