Cryptocurrency

The main advantages of crypto casinos

Crypto casino features. The secret of their popularity. Benefits of using cryptocurrencies in gambling. The most popular clubs

Published

2 years ago

October 24, 2022

Zoltan Tundik

Reading Time: 4 minutes

Every year, interest in gambling is snowballing. Today, this allows you to get a massive charge of excitement and make good money on your favorite hobby. Many crypto enthusiasts today work hard, so they are looking for a place where they can relax as much as possible and forget about existing problems; often, crypto casinos help them with this. They have a vast selection of gambling activities, massive bonus programs, and a huge selection of payment methods.

Popular crypto casinos

Today, interest in cryptocurrencies is snowballing, so many casinos are starting to accept crypto assets and fiat currencies. However, you can find a considerable number of casinos that specialize exclusively in cryptocurrencies. However, not all of them provide high-quality services. We analyzed the market and identified several online clubs that deserve your attention:

Stake;
CloudBet;
Bit Starz;
7bitCasino.

Choosing the right crypto casino is quite a difficult task, as a large number of different factors must be taken into account. You must carefully study the terms of cooperation to ensure that it works honestly and offers profitable bonus programs.

What to look for when choosing a crypto casino?

Choosing a crypto casino is a challenging process. Many today rely solely on the recommendations of friends or acquaintances, but often this strategy is usually unsuccessful.

When choosing, we advise you to carefully study the terms of cooperation and pay special attention to such points:

Availability of a license;
User reviews;
Bonus programs;
Payment systems;
Variety of gambling activities.

Each of these criteria is of great importance, so it makes sense to consider them in more detail.

Availability of a license

There are a lot of scammers in the casino market. To avoid falling into their clutches, you must cooperate exclusively with licensed online platforms. It is the only way to ensure you are dealing with a legitimate casino that will pay out your winnings.

The choice of jurisdiction is practically irrelevant, but most users prefer clubs that have received a license in Curacao, the UK, or Malta.

Typically, casinos publish license information at the bottom of their website. We recommend that you additionally check the registration on the website of the jurisdiction, as some casinos indicate the presence of a license. However, they have not received a work permit.

User Reviews

Many users carefully study professional reviews, forgetting that many of them are fake or dishonest. We advise you to read user reviews on different aggregators. Here you can learn a lot more about how the platform functions, what problems it faces, and how it solves them.

Bonus programs

Many casinos strive to attract users’ attention, developing many bonus programs. Among the most popular are:

Welcome bonus;
Weekly bonus;
VIP programs;
Cashback;
Promo codes.

A welcome bonus is provided to all new players. In some cases, this is credited automatically, while in some cases, you need to perform some actions (subscribe to the newsletter, deposit a certain amount, invite friends, and much more). Usually, the welcome bonus is 100% of the deposit amount and a few free spins.

The weekly bonus encourages players to bet on unpopular days like Thursday or Wednesday. Usually, this amount is from 25 to 100% of the deposit and a few free spins.

Today there are 2 types of VIP programs. Some casinos provide VIP programs to all users. The more they bet, the more bonuses you can earn. At the same time, some casinos offer access to VIP programs only to players who are used to making big bets. To become a member of such a program, you must get a referral link or contact support.

Participation in the VIP programs allows customers to receive more bonuses and special privileges, such as a personal manager, higher limits, or priority in withdrawing winnings.

If you lose frequently, you will be happy to receive cashback. Usually, this is only 2 – 5% of the number of lost bets. You will not be able to withdraw this money, but you can make several bets for free.

You can get promotional codes on various sites and use them for multiple bonuses.

Payment systems

Many today seek to use cryptocurrencies for gambling. It has a considerable number of advantages:

Allows you to bypass government regulation;
Reduces commissions;
Reduces transaction time;
It allows you to increase the level of security.

As already mentioned, many casinos combine both fiat currencies and crypto at the same time. It gives customers more options to choose from. Many people think that crypto casinos are limited to only Bitcoin and Ethereum, but you can easily find platforms that accept up to 140 cryptocurrencies.

Separately, it is necessary to pay attention to the limits. Most fiat casinos provide meager limits, allowing you to withdraw no more than 20 thousand US dollars monthly. However, most crypto casinos will enable you to withdraw up to 10 bitcoins, which is many times more.

It is also necessary to take into account the size of the commission for transactions. Some blockchains charge as little as a few dollars for their services, regardless of the transaction size, while others charge roughly 0.5% of the transaction size.

Variety of gambling activities

Many casinos seek to expand the list of gambling activities as much as possible. However, not all games allow you to bet using cryptocurrencies. Of course, many game providers today develop crypto-enabled gambling activities, but their number is now tiny to satisfy the needs of most players.

Some platforms combine both an online casino and a bookmaker. In this case, you need to make sure you can use cryptocurrencies for sports betting and gambling.

Related Topics:bet using cryptocurrencies crypto casino

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Cryptocurrency

Payhound empowers LSports with a seamless solution to receive payments

Published

3 days ago

April 22, 2024

George Miller

Payhound empowers LSports with a seamless solution to receive payments

Reading Time: < 1 minute

Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.

As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.

Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.

Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”

Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.

Cryptocurrency

SOFTSWISS Named Crypto Company 2024

Published

3 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