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Everything You Need To Know About Gambling With Crypto

on June 19 at 09:48 AM

Crypto Gambling


Most punters do not realize the benefits of gambling at crypto-based casinos compared to your average online casino. They believe that both offer the same chances to win so why bother making the switch. This could not be further from the truth as the benefits offered by bitcoin and cryptocurrency platforms are far superior. In this article, I will talk about the main features that make blockchain games better than traditional ones.

Crypto Casinos Offers Games That Are Provably Fair


The top online casinos that accept bitcoin such as JooCasino.net do not have probably fair games and slots. So if you use the Joo Casino no deposit bonus you need to put trust in the developer that everything is what it should be. The blockchain puts an end to this due to be independent and transparent.

If you are gambling with your hard earned money or bitcoins you will want a guarantee that you have a fair chance to win. That has not been the case at a large number of traditional online casinos as the developers have been able to alter the outcome of the game to make sure that gamblers always end up losing. They can do this due to the fact that the games are hosting on the developers own servers so only they have access to the gaming information and data. This can be manipulated by altering the algorithm or even refusing to payout which is possible due to funds being held directly by the operator.

Crypto-based casino models use the blockchain and not their own servers which means that all data is publicly displayed via the ledger. The network of computers that make up the decentralized blockchain is independent of the developer can verify each transaction. All of the data is available to the general public, therefore, providing provably fair without the possibility of the algorithm being altered in any way. A prime example of one of the best around is FairPlay.io so make sure to read this FairPlay Review to discover how this is possible.


Money Storage And Instant Payments

If you read gambling forums you will see many cases where online casinos have failed to pay out when a gambler wins a big jackpot. They can do this as the real money transactions are stored by the developer so that have full control over the banking facilities. Blockchain casinos work differently as the gambler keeps hold of their own crypto which cannot be accessed by the developer. Smart contracts and not operators handle payments which are carried out instantly. 

 

Anonymity And Privacy


If you gamble on a regular basis you stand the risk of your credit rating being damaged as banking transactions are part of the evaluation process that is used when applying for finance. Gambling transactions are seen as bad and will damage the score of the person so there are big risks attached to this. Bitcoin casinos can offer anonymity as no information is shared with banks and instead the payments are carried out on the blockchain. Also, there is no requirement for personal data to be entered to be able to play so everything can be carried out in complete privacy.

Innovative Ultra Low House Edge Games

The factor you need to consider when gambling is what the odds are of winning. Choosing the best games is vital to increase your chances as some have a better chance to win than others. Bitcoin casino sites that are based on the blockchain have a superior house edge due to being able to make cost-saving through automation. So if you want to gamble you will be a far greater chance due to the house edge rates being lower.

Conclusion

As you can see from the above points that bitcoin casinos are not just offering a cheaper payment option at gambling platforms. There are many other key features that make this website superior to make sure to grab a welcome bonus reward and find out first hand the benefits.

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