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How to Choose a Safe Bitcoin Casino – The Complete Guide

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The scope of online gambling keeps changing, creating a convenient atmosphere for punters to enjoy and explore the act. For example, we have moved from playing casino games in currencies like USD, EUR, etc., to funding gaming accounts using crypto coins like Bitcoin, Ethereum, Dogecoin, etc. What’s more, several local restrictions can be bypassed, helping more people get into gambling from across the globe.

Today, there are more casinos adopting cryptocurrency payments. Bitcoin casinos create an interesting form of enjoying gambling. They host the largest game collection, safe and quick payment gateways, generous bonus offers, and much more. These perks easily put them ahead of their counterpart fiat casino operators.

The choice of a bitcoin gambling site is essential. It could be the polarity between creating an incredible gambling experience and an unpleasant one. Crypto casinos like those listed on cryptocasinos.net are in a league of their own. With so much charade on the internet, searching through the numerous options could be staggering. Here is why this review was put together, guiding you through various criteria to selecting the best cryptocurrency casino.

Security and Licensing

The first consideration when picking a bitcoin gambling site is its license. This is always the first phase operators go through before they are permitted to operate. The license is usually located at the bottom of the website. Additionally, for safety, gambling sites set up several firewalls, encryption technology software, and data protection services to curb the rate of third-party invasion.

While considering a btc casino, check out how much such a site has invested in its security; that’s the guarantee that your details would be protected. Please take note of the license it possesses. An issued license is valid proof that the preferred bitcoin gambling site is legitimate and can issue a pay out to its users. A license from a reputable authority is reassuring and would boost your confidence while gambling. It would be best not to patronize sites with no license or whose licenses are from unknown sources.

Cryptocurrency runs on a secure blockchain. However, without proper security, your data could be jeopardized. A reputable licensing body is the United Kingdom Gambling Commission. Other renowned authorities include Malta Gaming Authority, Curacao Gaming Authority, etc.

Variety of Payment Gateways

Being able to initiate payment easily, securely, and quickly is a necessary criterion when picking a btc casino. Bitcoin casinos provide a wide variety of payment methods to ease monetary transactions. Best cryptocurrency casinos are known to have a mix of both fiat currencies and crypto coins channels. Furthermore, gamblers can purchase cryptos via fiat payment methods on the site.

It is easy to come across bitcoin casino sites because it is a widely spread cryptocurrency coin. But it would be best to look for sites with other crypto options like Ethereum, dogecoin, BNB, XRP, etc. What’s more, payment channels have variable transaction timelines. To ensure you have a speedy transaction, check out the terms and conditions on the bitcoin gambling site. For example, a bank transfer would take several days to complete.

Bonuses, Rewards and Promotions

Now and then, a new gambling operator springs up. They offer juicy promotions to lure players their way to gain momentum and a spotlight. Gamblers love freebies and would easily be swayed towards a lucrative offer. Bonuses and promotions are still necessary for picking a bitcoin gambling site. And bitcoin casinos are known for being generous with their offers compared to their traditional counterparts.

Best bitcoin casino sites offer punters terrific casino bonuses such as welcome bonuses, free spins, deposit match bonuses, reload bonuses, VIP/loyalty points, etc. These lucrative promotions would help boost your bankroll and help you hit the ground running as a newbie. For regular players, it encourages you to explore more casino game titles.

Catalogue of Game Titles

The game category can’t be left out of your consideration for a btc casino. Although promotions can be captivating, you must go through the game collection before hitting the sign-up button. The totality of your gambling experience is linked to the quality and quantity of the games you would come across. It certainly makes the difference between an exciting adventure and an unpleasant run.

Slots, table games, poker, live dealer, and video poker are various categories of games to look out for. Usually, crypto casinos team up with best-rated studios to keep the titles forthcoming. While considering your options from the best bitcoin casino sites, do well to select a reputable provider with a proven track record in certification, return to players, etc.

Customer Support Team and Responsible Gaming

Players are no longer amazed or overwhelmed by promotions that operators heavily invest in. Essentially, the aspect of feedback from the operator is not overlooked because it could make or break their gambling experience. Therefore, it is impossible to ignore customer support services in selecting the best cryptocurrency casino.

Bitcoin casino customer support has a long list of benefits. Beyond being a go-to option for players when they encounter a dead end, they also help players curb gambling addiction. The support team consists of well-trained personnel that can help you with a classic experience. Communication channels include email, live chats, phone, and a well-detailed FAQs section.

Anonymity

Gamblers love to stay anonymous on the internet, hence the consideration of a btc casino. Bitcoin casinos provide a safe space for punters who would not want their online gambling activity known to the public. Cryptocurrency is not 100% anonymous because wallets are pseudonymous. However, it cannot be traced to a particular individual.

To keep your digital footprints safe, crypto gambling sites would skip the KYC (Know Your Customer) phase. They could also allow you to log in using a VPN service. All these features keep the user safe, anonymous, and free to enjoy an incredible gambling adventure.

Here’s The Verdict

Playing on bitcoin casinos is soothing. However, selecting the best cryptocurrency casino could be overwhelming if you are new to gambling. This review puts together basic criteria that would help you find your way to the best options. The top points highlighted include licensing, security, payment gateways, customer support, etc.

While you are on your way to creating a beautiful gambling experience, it is necessary to take precautionary steps to ensure you gamble responsibly. Also, it is important to research the bitcoin gambling provider you are interested in becoming part of. Best of luck!

Bitcoin

Navigating Bitcoin’s Impact: SOFTSWISS’ iGaming Industry Overview

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In March 2024, Bitcoin soared to a historical high, nearing 70,000 euro per coin. How does this impact the iGaming market? Being a tech company with over 15 years of experience and an innovator in crypto iGaming software development, SOFTSWISS shares anticipations in its quarterly crypto analysis.

Over 220 brands powered by the company engaged in crypto transactions during the first quarter of 2024, which is 12% higher than the previous quarter. SOFTSWISS experts analyse the data gathered from crypto-friendly brands by employing extrapolation, comparative, and correlative analysis.

 

iGaming Market Overview: Unveiling Anticipated Growth

The size of the global online gambling and sports betting industry is expected to rise significantly and exceed 170 billion euro by 2032, according to Statista. Based on SOFTSWISS data, the iGaming market has demonstrated a stable pattern of growth year after year.

In absolute terms in euro, the Total Bet Sum grew by 5.8% in the first quarter of the year compared to the last quarter of 2023. Analysing the year-on-year increase, comparing Q1’24 with Q1’23, the growth is more impressive, showcasing a 47.2% boost.

Simultaneously, the Total Bet Count, both fiat and crypto, displayed a slightly larger gain in the first quarter of 2024 compared to the previous quarter, surpassing 6.1%. The indicator’s year-on-year boost is much more notable, revealing a 57.2% increase.

The popularity of iGaming in recent years has been fuelled by its global reach and accessibility due to constant technological advancements. On one hand, the quality of internet connectivity continues to rise, while on the other, new payment methods are emerging, simplifying payment procedures.

The in-depth quarterly analysis, ongoing since the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q1’24, the Fiat Bet Sum increased by 6.9% compared to Q4’23, while the rise of Crypto Bet Sum was at 2.4%.

 

The more active growth of fiat bets led to a slight decrease in the share of crypto. In the first quarter of 2024, the crypto share in the Total Bets Sum settled at 24.4%, decreasing by 0.8 percentage points (p.p) compared to the last quarter of 2023.

 

What is the State of Crypto in iGaming?

Analysing crypto bets, it is crucial to highlight that almost 93% of them are facilitated through the in-game currency conversion tool, which is gaining traction. This mechanism allows operators to engage players with cryptocurrency assets in games initially tailored for fiat only. Operators that adopt such options are gaining more competitive advantages in the market.

While the Q1’2024 Crypto Bet Sum shows a moderate 2.4% growth compared to the previous quarter, the year-on-year analysis demonstrates a 20.8% increase. The Crypto Bet Count remained unchanged in Q1’24 compared to the previous quarter’s indicator. Simultaneously, the metric increased by 21.3% year-on-year. The figures speak volumes, showcasing a consistent interest among players in crypto gaming.

“The lack of a substantial increase in the number of crypto bets during Q1’24 can be partly attributed to the significant rise of the Bitcoin exchange rate during this period, leading players to be more cautious with their crypto bets.  This trend mirrors the situation in the first quarter of the previous year when the Bitcoin exchange rate surged following a decline at the end of 2022,” comments Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.

 

What Distinguishes the Average Crypto Bet?

The average crypto bet increased to 1.71 euro in the first quarter of the year from 1.66 euro in the last quarter of 2023. This growth correlates with a significant strengthening of the Bitcoin rate during the first quarter of 2024.

The average fiat bet remained steady at around 0.81 euro in Q1’24 and Q4’23. The average total bet stayed constant since the second half of the previous year and is equal to 0.93 euro.

 

Notably, the average crypto bet is double that of fiat. This indicates that digital currencies are preferred by higher-income players.


Why Did Bitcoin’s Share Drop?

The Top Five most operated digital coins in iGaming have remained stable during the last two years with minor changes in ranking order. The top still includes Bitcoin, Ethereum, Litecoin, Dogecoin, and Tether.

 

In Q1 2024, Bitcoin experienced a significant decline of 9.4 p.p. compared to Q4 2023. This could be attributed to the bolstering Bitcoin exchange rate and players exercising a more cautious approach towards it.

In contrast, the shares of other digital coins have increased. Ethereum and Litecoin showed growth of 4.0 p.p. and 3.8 p.p., respectively, during the same period. Simultaneously, Dogecoin rose to fourth place in the ranking, leaving Tether behind.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The benefits of employing digital currencies, such as fast transactions and anonymity, still attract many players. Embracing cryptocurrencies in iGaming can boost operator profits despite their volatile nature.

As the Bitcoin rate is expected to strengthen after the Bitcoin Halving, the average crypto bet and projected gains may see a notable impact. During such promising times, it is crucial to have reliable and experienced partners to navigate the path to success.”

 

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.

 

 

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Bitcoin

Should iGaming Be Worried About 2024 Bitcoin Halving?

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Should iGaming Be Worried About 2024 Bitcoin Halving?
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In its LinkedIn newsletter, ‘The SOFTSWISS Special’, SOFTSWISS, a global tech expert with over 15 years of experience in iGaming, delves into the impact of Bitcoin Halving on the iGaming realm. 

The recent historical moment of Bitcoin Halving took place on 19th April 2024. SOFTSWISS, a pioneer in crypto-friendly iGaming software, shares its insights and forecasts for how this event may shape the future of iGaming, shedding light on potential opportunities and challenges for industry stakeholders.

 

What is Bitcoin Halving?

The Bitcoin halving is a scheduled event that occurs approximately every four years or every 210,000 blocks. During this event, the reward for mining and verifying new blocks is reduced by 50%, resulting in miners earning only half the number of BTC per mined block. 

Since its launch in 2009, Bitcoin’s mining reward has halved four times, occurring in 2012, 2016, 2020, and 2024. The recent April halving reduced the reward to 3.125 BTC per block. Such events are crucial for Bitcoin’s scarcity and inflation control, ensuring that the total supply never exceeds 21 million coins and aligning with its deflationary principles.

Historically, each halving event has resulted in a rise in Bitcoin’s price. This is attributed to the reduced supply and increased scarcity, although other market factors have also influenced these outcomes.

 

Exploring the Impact of Bitcoin Halving on the iGaming Industry

To provide an in-depth analysis of the Bitcoin Halving impact on iGaming, SOFTSWISS invited Bradley Peak, blockchain expert and tokenomics adviser, to share its anticipations.

  • Bets rise: The halving is expected to lead to an increase in Bitcoin’s value. If the trend of impressive price surges persists, Bitcoin-friendly iGaming brands could see a positive impact.
  • Crypto adoption increase: Implementing crypto-friendly models has the potential to boost player trust and transparency in iGaming. Additionally, it could rejuvenate unique gaming experiences like provably fair games and decentralised casinos.
  • Regulatory frameworks improvement: The recent Bitcoin halving could prompt regulatory bodies to reassess their stance on cryptocurrency gambling. This could lead to new regulations ensuring fairness, responsible gambling, and anti-money laundering measures in the crypto-driven iGaming sector. 

Bradley Peak, blockchain expert, comments on the recent changes: “Any transformation will not be without its challenges. It is important to adapt – invest in employee learning and development, onboard crypto processing, and make sure your platform remains secure in the process.”

Explore the influence of the 2024 Bitcoin Halving on the iGaming industry in the fourth edition of The SOFTSWISS Special newsletter on LinkedIn.

 

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.

 

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Bitcoin Miner celebrates two years of hugely successful collaboration with ZBD

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Bitcoin Miner, the world’s number one Bitcoin game, is celebrating two years of its collaboration with ZBD, a leading fintech company powering digital economies for gamers and developers. Since the partnership began, Bitcoin Miner has gone from a forgotten title with no players to becoming one of the largest play-and-earn games ever, with over 2 million lifetime users.

ZBD’s Lightning-powered payments technology enables developers to inject instant rewards into their games to boost retention and community engagement. Fumb Games, the studio behind Bitcoin Miner, partnered with ZBD in March 2022 to help revive its flagship title, enabling it to reward players with fragments of Bitcoin for playing the game as normal. From the outset, the integration of ZBD’s tech had a marked impact, leading to a 12x boost in 30-day retention. Two years on, Bitcoin Miner is achieving 40,000 daily active users, making it the biggest Bitcoin game by user count.

Besides the retention benefit of rewards, which leads to player retention that exceeds 6 months, the success of Bitcoin Miner has also been fueled by community-based features such as regular live events. The majority of Bitcoin Miner players are US-based millennial males who enjoy engaging with gaming communities, with weekly events leading to a 20% increase in revenue. As well as its own community of engaged players, Bitcoin Miner benefits from the ZBD app user base of more than a million gamers.

Paul West, Founder of Fumb Games, said “Bitcoin Miner has proven that US players love games that are fun, snackable and rewarding. The  game is not only sustainable, but has soared to new heights since the partnership with ZBD. It’s no surprise that I’m very excited for the future of bitcoin and player-friendly rewarded games.”

Ben Cousens, Chief Strategy Officer at ZBD, said “The two-year collaboration with Paul and Fumb Games on Bitcoin Miner has been a quintessential success story for what we’re building at ZBD. It proves the value in offering rewards for gamers and the success of ZBD’s rewards and payments tech at making it possible at speed and scale. We will no doubt see further impressive numbers for Bitcoin Miner that cement its status as world’s number one Bitcoin game, and we also look forward to extending the potential benefits of Bitcoin rewards to more developers.”

In November 2023, Fumb Games also integrated ZBD’s technology in its idle tycoon RPG SpaceY. ZBD works with more than 100 game developers worldwide, including major brands such as Square Enix, and is also used by innovative adtech companies like Slice and AdInMo.

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