Cryptocurrency

Crypto Casinos Are Super Popular: Learn Why

Published

2 years ago

March 25, 2022

Gaspar Incze

Photo credit: unsplash.com

Reading Time: 5 minutes

Cryptocurrency is a type of virtual currency that uses special cryptographic technologies to create and protect it. Cryptocurrency has not been unusual in recent years. A little more than 10 years have passed since the first digital currency appeared. In that time, this type of currency has become close to billions of people. And the number is growing relentlessly. Moreover, the leaders of many countries have taken notice of its investment potential. Nowadays, crypto can be used to buy various goods, pay restaurant bills, transfer as payment for services rendered and much more.

The logical outcome is the introduction of cryptocurrency into online casinos. Especially, no KYC online casinos have appreciated this new payment method, and, as you can learn from casino-howto, there are quite a few of them on the market. So to speak, its use as a payment instrument has become a major iGaming trend. Players are attracted by the decentralised nature of the currency, its security, independence from state authorities and absolute anonymity. All of these things combine to give the kind of comfort that each of us needs. All crypto casinos can be conventionally divided into two types. The first is a full-fledged digital casino. In such an institution, financial transactions are carried out only with digital “money”. The second option is called a hybrid option. It offers payments in both fiat and digital currencies.

Cryptocurrencies provide a high level of anonymity

As soon as cryptocurrency became widely known, many players started to choose blockchain casinos. It is 100% anonymity that attracts users from different parts of the world to place bets. Every time another transaction takes place between crypto wallets, players are assured of its confidentiality. No regulatory authority can trace the financial flows of every single taxpayer in their country. Yes, it is possible to track where virtual funds are being spent from a wallet linked to a specific individual if desired. But, firstly, this does not reveal the full identity of the individual in question. Secondly, in the absence of advanced technical knowledge in this area, it is impossible to conduct such research.

For added anonymity, bitcoin casinos often offer the fastest possible registration. If you come across a casino on the Internet that requires a user name, email and password in order to create a wallet, you are a typical casino that welcomes players to remain anonymous. Some operators are even more loyal to this procedure. There are casinos where you can create an account with just one click. But even that is not all. Some providers use innovative solutions even in the area of registration. In particular, one can come across websites that create a pre-account. In order to turn it into an account, you have to provide a system-generated username and, for example, an email.

Another positive thing about crypto casinos is that there is no or minimal verification. This attractive quality is still fundamental for those who do not accept the disclosure of their identity within the World Wide Web. To play games from the operator’s library, you don’t have to upload documents, enter data, or wait for a response from the institution’s administration regarding the result of verification. Register, make a deposit in cryptocurrency and play. Great! This trend is true for cryptocurrency customers in a regular online casino as well. There are situations where the terms of use of the site do provide for a verification process. It is required in exceptional cases. This refers to cases where the administration suspects the customer of carrying out fraudulent activities.

Deposits and withdrawals are much faster

The crypto casino in terms of payments is based on the use of a unique program. Certain actions are embedded in it. They are activated when the conditions set out in the smart contract are met. These very conditions must be clearly stated. In simple terms, the obligations of the two parties to the contract are fulfilled according to the formula “If…then…”. In fact, it turns out that in the case of winning, this amount is transferred to the crypto wallet automatically. Interference from intermediaries and banks is eliminated in the process of such transfers. Due to this, the waiting time for funds is reduced from 3-7 days (as often happens when using conventional payment systems) to a few minutes. Another advantage of using cryptocurrency is low or no commissions. And don’t forget that the blockchain is designed in such a way that no operator has the ability to limit the deposit amount.

The speed of transactions, surprising as it may sound, is influenced by the name of the cryptocurrency. The slowest transfers occur when using Bitcoin. It is the most expensive, the most popular and the slowest currency. In terms of rationality, Bitcoin is not the best choice among cryptocurrency currencies. Sometimes it can take up to a day to receive funds. The second most popular bitcoin currency is Ethereum. Even during the busiest times of the blockchain, money arrives in the wallet within half an hour. During the system’s ‘down time’, you can talk about a few minutes to complete a transaction. This is a very nice thing to have. But there is one “but” – the amount of commission can vary. Sometimes they are quite large. And another one of the most popular currencies is Litecoin. This is the currency that I am willing to advise you on. It delights with very fast transfers – up to a few minutes with low commissions. It is exactly what you need for instant deposits and withdrawals.

Crypto casinos are the future. The stifling of the full transition to the digital world is largely due to the fear of the unknown for many players. It only takes one crypto transaction to understand its simplicity. In this case, instructions and schemes published in the information section of the casino’s website can help. All you have to do to make a transaction is provide your wallet address, transfer amount and authentication key. Gaming clubs that offer cryptocurrency payments have controls over any financial transactions. Whether it is betting history, amounts, winnings or any other monetary activity, it is impossible to fake this information. Accordingly, you can always be sure that the casino will not cheat you.

Much more games are available at crypto casinos

While there is a difference between blockchain and classic slots when it comes to payments and anonymity, the gaming part is no different. Bitcoin casinos offer an equally impressive selection of slots, table and card games, video poker, craps and craps. This suggests that along with all the benefits of using cryptocurrency, you get access to a wide gaming library. What’s more, some venues offer such a large selection of games that many traditional casinos can’t boast. For example, one of the largest gambling sites, 7BitCasino, has over 5,000 titles to offer. Most of them accept bets in cryptocurrencies. Thus, video slots with cryptocurrency support are offered in more than 1,000 models, table games (roulette, blackjack, baccarat, Sic bo) based on RNG, other models (bingo, scratch cards, wheel of fortune, etc.) several hundred more.

So why does the number of bitcoin games continue to grow? The answer is obvious – the potential of the digital currency is visible not only to operators but also to the providers themselves. More and more studios are adapting their developments for blockchain, which means that their selection is also growing. For example, the number of rooms where real croupiers accept bets, including in bitcoin, has grown significantly recently. Crypto-gaming is characterised not only by a large number but also by diversity. A variety of plots, the use of innovative techniques and variations of game types.

Up Next

Merkur UK raise charitable donations to £1.25m

Don't Miss

Betsoft Gaming goes wild for big wins in the Primal Wilderness™

Click to comment

Cryptocurrency

SOFTSWISS Named Crypto Company 2024

Published

2 months ago

February 7, 2024

George Miller

Reading Time: 2 minutes

Crypto Company of the Year was announced at the International Gaming Awards in London. SOFTSWISS, a leading technology company with 15+ years of experience in the industry, gets this title for the second year in a row.

Marking the beginning of ICE London, the awards ceremony has brought together top names in the iGaming industry to honour their achievements. The International Gaming Awards not only unites experts and gaming enthusiasts worldwide but also serves as the pinnacle charity event of the year.

The Crypto Company of the Year category recognises companies that create innovative experiences for clients in the gambling sector with a focus on crypto. The winner is determined by evidence showcasing the company’s standout performance in the crypto space compared to competitors. Reconfirming the previous year’s success, SOFTSWISS emerged as the Crypto Company of the Year for the second time in a row.

Securing the title of Crypto Company of the Year comes naturally to SOFTSWISS, the trailblazer in introducing crypto-friendly solutions for online gaming. Beginning with Bitcoin, SOFTSWISS has expanded its cryptocurrency offering to nearly 20 digital coins since 2013.

In its dedication to improving player experience, SOFTSWISS introduced the In-Game Currency Conversion feature. The innovation allowed players with crypto holdings to engage seamlessly in games originally tailored for fiat only. One year post-launch, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature.

As an expert in crypto-friendly solutions, the company shares its expertise through the quarterly State of Crypto reports and topical podcasts. This helps raise awareness among all stakeholders, offering essential insights for strategic decision-making.

Andrey Starovoitov, Co-CEO at SOFTSWISS, shares: “We are delighted to receive this award, and it signifies more than just recognition for our recent achievements. The title of Crypto Company of the Year holds deep meaning for those who led the way in integrating digital currencies into iGaming, actively advocate for crypto solutions, and generously share expertise in this field.”

About SOFTSWISS

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Cryptocurrency

Casino Market Industry Forecast Reveals Surge to $165.72 Billion by 2028 with Digital Transformation and Cryptocurrency Integration

Published

3 months ago

January 24, 2024

Hunor Pal

Reading Time: 2 minutes

The “Casino Global Market Report 2024” report has been added to ResearchAndMarkets .com’s offering.

The latest report on the global casino market highlights significant growth, with expectations for the industry to swell from $131.42 billion in 2023 to an impressive $165.72 billion by 2028, at a compound annual growth rate (CAGR) of 4.6%. The report offers a comprehensive analysis of current market dynamics, future trends, and potential opportunities, positioning it as an essential resource for stakeholders in the casino sector.

The casino industry, experiencing a renaissance through digitization and a shift towards online gambling, is witnessing the rising popularity of cryptocurrency casinos. Innovations, alongside a deepened focus on responsible gambling, are propelling market growth, drawing attention from both established players and new entrants.

Key Market Dynamics Influencing Growth

Online Gambling Expansion
Smartphone Proliferation
Innovative Casino Products
Strategic Industry Partnerships

The report underscores the growing dominance of the Asia-Pacific region in the global casino market, bolstered by evolving consumer behaviors and burgeoning tourism sectors. The detailed geographic assessment provides strategic insights into the vitality of various regions within the industry.
Gambling machines, gaming tables, and novel casino experiences are discussed in the report. The document leverages industry-specific metrics to provide a nuanced understanding of segment performance, addressing both offline and online modalities.

Industry Leaders Making Strategic Moves

With major corporations like 888 Holdings PLC and Caesars Entertainment Corporation, the casino market is rife with tactical mergers, acquisitions, and partnerships aiming to solidify market positioning and leverage collective strengths.

The global casino market research report presents in-depth market analysis, reflecting cutting-edge industry trends such as the integration of advanced gaming technologies. It also spotlights operational strategies and expansion plans of front-runners in the gambling domain.

This comprehensive research report is poised to be an indispensable tool for industry investors, strategists, and stakeholders planning to navigate the complex terrain of the casino industry with data-driven confidence.

The casino market research report is devised to serve a diversity of informational needs, offering a meticulous examination of the interplay between market forces, technological advancements, and consumer preferences shaping the future of gambling worldwide.

Please note, the market value detailed in the report represents the actualized revenues recognized by entities within the industry over the specified period and geography.

A selection of companies mentioned in this report includes

888 Holdings plc
Boyd Gaming Corporation
Caesars Entertainment Corporation
Melco Resorts and Entertainment Limited
Delaware Park Casino & Racing
Eldorado Reno Resort Casino
Foxwoods Resort Casino
Galaxy Entertainment Group Ltd.
Golden Nugget Atlantic City Hotel Casino & Marina
Harrington Raceway & Casino
LC International Limited
MGM Resorts International
Palms Casino Resort
Penn Entertainment Inc.
Bally’s Corporation
Churchill Downs Incorporated
Genting Group
Golden Entertainment Inc.
Hard Rock International Inc.
SJM Holdings Limited
Station Casinos LLC
Star Entertainment Group Limited
Tropicana Entertainment Inc.
Wynn Resorts Limited
Las Vegas Sands Corp.
Red Rock Resorts Inc.
Eldorado Resorts Inc.
Monarch Casino & Resort Inc.
Pinnacle Entertainment Inc.
Isle of Capri Casinos Inc.

Blockchain

After Crossing 100,000 Active Users, Hypeloot.com Announces The Launch of Its Utility Token $HPLT

Published

3 months ago

January 22, 2024

Hunor Pal

Reading Time: 3 minutes

Hypeloot was established in 2022 and has processed over 50 million bets for over 100.000 Users worldwide, being one of the fastest growing Cryptocurrency casinos, releasing new game modes almost every week and a recent surge in growth which is likely to accelerate.

Hypeloot Originals cross 50 million bets mark

With new game mode additions, the number of daily bets and also bets placed per user is increasing by the day. Hypeloot adds some of the most popular Casino games but is also not afraid to add an innovative touch to the platform by developing new games that are gaining a lot of popularity, for example, the Plinko game with a 100.000X multiplier, making it the first-ever Plinko game with this high of a multiplier which is not only something innovative for the Gambling industry but also a great marketing tool as users always try to chase high multipliers.

Hypeloot .com profit share with $HPLT holders

All $HPLT holders will indirectly profit from the rampant Hypeloot .com growth and its already increasing profitability via daily buyback & burn events. Hypeloot profits will automatically go towards purchasing $HPLT tokens on the open market and burning them right after – on a daily basis!

The Hypeloot $HPLT Token

The $HPLT Presale will start the 1st of February at 15:00 UTC directly on presale.Hypeloot .com, the presale is split into different stages in which the first investors get the cheapest possible price and are also eligible for the Hype NFTs which will be tradable right on token launch. 40% Of the total supply will go towards Presale contributors, rest is split between liquidity, marketing, team, airdrops and more. All Team tokens will be locked and vested on a transparent level.

Fueling The Hypeloot Ecosystem

Hypeloot is one of the only Crypto casinos offering Fiat payment gateways and all major payment providers making it easy for every user. On top of that, Hypeloot also currently offers all major Cryptocurrencies for deposits and withdrawals. All Games are 100% provably fair with an open and transparent guide on how to check each roll, the EOS and Chainlink Blockchain hashes are being used to generate 100% randomness.

Hype NFTs

Hype NFTs are the official NFTs of Hypeloot .com ($HPLT), it will initially only be available to presale contributors, on launch, these NFTs can then be traded, bought, sold and used on Hypeloot .com for free bets, staking pools, increased rakeback and much more. These NFTs are strictly limited and will not be minted more than the given supply.

Hypeloot .com Numbers and Outlook

Hypeloot has generated over $1 Million in revenue in 2023, given that regular slot and live casino games will be added soon, it is expected to have a significant surge in the coming weeks as this is anticipated by a lot of current users, this new addition also open the door to a lot of new user acquisition as well as higher profit per user given all the new game modes.