The online gambling industry is among the most popular modes of internet entertainment. Reputable online casinos invest in new technologies to keep players thrilled. Fifteen years after the introduction of iGaming sites, digital currencies, especially Bitcoin, are changing the landscape.
Bitcoin online casinos allow players to place bets and participate in different games with the crypto coin. Our research indicates that many gamers are interested in the variants, especially for their anonymity features.
Hence, it’s no surprise that new Bitcoin casinos are rising to meet increasing demands, especially with increased regulatory policies. But what do these iGaming platforms offer that differs from traditional online gambling sites?
This article showcases our experts’ thoughts at AnyCoin and discusses the features that new Bitcoin gaming websites offer customers. It examines innovations that meet modern gambling demands. We’ll finish with a quick overview of future possible trends in crypto gaming.
Why Has New Bitcoin Gambling Become Popular?
Online casino platforms went live in early 2010, capturing the attention of a small number of internet gamblers. This demographic was tech-savvy and looking to enjoy betting anonymously, which is a big step from regular online casino sites.
At the beginning of Internet gambling, players had to fund their accounts with credit/debit cards or bank transfers. E-wallets were introduced later, offering some form of privacy. Yet, gamers, particularly high rollers, needed more anonymity.
Bitcoin casinos provided a solution due to the decentralized blockchain network. It increases privacy, replacing account information with wallet addresses only and limiting the inclusion of names. It’s primarily the reason for the rise of crypto gambling.
Innovations New Bitcoin Casinos Offer
Although Bitcoin gaming has been available for a while, the new casinos feature new packages that separate them. It includes multiple varieties of commodities that meet modern gaming appetites globally. Here are new technologies available at new Bitcoin casinos.
Higher Security Encryptions
Crypto-gaming platforms have introduced higher security measures as part of their policies for player protection. Popular among them is the use of multifactor authentication, advanced SSL protocols, and cold storage for passphrases. They provide secured platforms, especially with rising cases of data breaches.
For instance, most casinos require all customers to turn on 2-factor authentication. Some popular apps we’ve seen are Google Authenticator and Authy. The mode includes entering random strings of numbers and letters to protect customers further.
In addition, these sites use advanced cryptographic techniques to mask information. This boosts the SSL protocols, protecting players and their details. Cryptography encrypts any data, making it unreadable until it reaches the final destination.
Bonuses and Promotions
For a long time, free spins, deposit matches, and no-deposit bonuses were the major rewards at online casinos. They offered players a chance to claim free bets or get more game time with zero risk.
Operators were contented because, along with loyalty programs, players could claim these rewards to enjoy more awards. However, new Bitcoin casinos are changing the narrative with advanced promotions.
These platforms award small amounts of Bitcoin or other crypto coins for completing tasks regularly. For instance, BC.Game allows players to claim up to 500 USDT for spinning a wheel of fortune. From our calculations, the unique bonuses add up to a substantial amount to help gamers play with no deposit requirement.
Some readers may believe the regular no-deposit bonus reward and this specific award are the same. However, the terms and conditions are relaxed, allowing more customers to claim this package.
Furthermore, another feature is “Chat Rain,” allowing players to win bonuses for actively participating in community games for more interaction. We’ve also seen reputable new Bitcoin iGaming sites attach special offers for funding via a particular wallet or exchange. All these rewards are in addition to the promos you’ll find at regular casinos.
- Welcome bonus package.
- No deposit.
- Free spins.
- Cashback.
- Loyalty programs.
- VIP Club.
Light Speed Transactions
Deposits and withdrawals on fiat online casinos often have separate processing and completion times. This disadvantage keeps gamers waiting for periods before they receive their cash awards in their personal accounts.
Most platforms include special currency exchanges for customers. They allow conversion from fiat amounts to Bitcoin, which makes deposits more seamless and straightforward. Funding your account with regular currencies becomes easy, but you can also play via crypto.
New Bitcoin casinos use blockchain features to process deposits and withdrawals faster using decentralization. It includes peer-to-peer transactions, which completes the need for third parties like banks and other financial providers. Hence, it clears the bottlenecks of requiring different approvals before a payment is approved.
As a digital currency, cryptocurrency is accessible globally. Transactions are done quickly across borders, showing the need to start and finish payments without intermediaries. Privacy is higher than traditional payment methods. Bitcoin casinos attach a wallet address for players to fund their accounts with.
In addition, transaction fees are lower and negligible. New iGaming sites even add zero charges, which makes gambling on these platforms more desirable. This covers deposits and withdrawals of any amount.
Crypto Gaming
New online Bitcoin casinos now include particular crypto games. The titles require bets in digital currency, awarding bonus features with higher values than traditional promos.
For example, we now find special “Crypto slots” at reputable online casinos that use Bitcoin bets. You could land a higher payout, thanks to high value. They also include Non-fungible tokens, another form of reward.
Metaverse Gambling
Metaverses are standard features within Web3 and have been around for a long time. Some first heard them with Meta/Facebook’s 2021 announcement, but they were available long before. This technology partners with advanced tools, including Virtual Reality, enabling players to enjoy remote gambling at higher levels.
Bitcoin casinos serve these new gaming titles in a 3D format that allows more participation from players. They include exciting features like non-fungible tokens (NFTs), selling them to the highest bidder.
NFTs offer new means to own gaming arts at online casinos. They are in the form of digital certificates stored on the blockchain, which signifies ownership of an artwork. New Bitcoin casinos include them as part of rewards, granting eligible customers exclusive loyalty or VIP awards, special game features, or merch.
What Does the Future of Bitcoin Casinos Look Like?
We can comfortably state that future possible trends for gambling look fair. A common challenge for most players is Bitcoin’s volatility in the market, which raises concerns about the sustainability of the platforms. However, we see it as the opportunity to win huge sums, especially when the market is in a bull run.
However, operators are adding more crypto coins to their portfolios. These stablecoins would likely hold most of the market share, with full advantages. They consider more privacy, security, and speedy transactions minus the volatility.
Decentralized Finance (or DeFi) will be more pronounced than it currently is. We’ve seen it change the banking landscape at Bitcoin casinos, which is another reason for the rising features of gaming.
Funding accounts will gain advanced security and more transparency using smart contracts. Our experts believe it will serve a secure way to place bets from any device, with high privacy.
Final Words
The adoption of new Bitcoin casinos is changing the face of online gambling. These platforms include higher security measures to protect players, especially those who prefer privacy and anonymity.
New Bitcoin casinos also include particular crypto games that offer NFTs for players. It provides an extra means of earning revenue for gamers and operators, boosting the chances of gaining more value.
As DeFi and smart contracts become common, they will change the face of banking, processing transactions with fast-lightning speed at zero charges. We believe it will also reduce Bitcoin’s price volatility by adding new stablecoins to online gambling.
