Cryptocurrency has taken the world by storm in recent years, while most banking institutions refuse to offer services to cryptocurrency companies, online casinos are taking advantage of this by offering games that support virtual currencies as payment for in-game items and services; cryptocurrency gambling is becoming so popular that it’s now considered a growing industry with tremendous potential.
Cryptocurrencies have provided gamblers with exciting new ways to play their favorite casino games and wager on gambling sites- this guide will introduce you to cryptocurrency gambling, explain the types of games available, and conclude with some general tips on how to get started- keep reading to discover everything you need to know about playing casino games using cryptocurrencies as your gaming currency.
What is Cryptocurrency Gaming?
While the vast majority of online casinos now accept cryptocurrency, only a small number of them offer games that allow you to win money; these games are typically found under the Betting or Slots sections of the casino’s website, and the use of cryptocurrency to fund and carry out transactions in online casinos, once the transaction is completed, the players can use their tokens as Bet Credits or Wagers to play games and make bets.
Decentralized Currencies and Games
It’s important to note that most crypto.games don’t use the cryptocurrency itself as a wager or payout amount, instead, they use tokens or coins based on the same technology that backs the cryptocurrency; for example, the wager system used in the decentralized prediction market works by having users predict the outcome of an event, once the outcome is known, users are rewarded with cryptocurrency tokens based on their accuracy.
What makes this system so appealing to online casinos is that it doesn’t require the online casino to maintain a huge amount of cryptocurrency just to fund wagers- the casinos simply enter the odds of winning a wager in the odds provided by the prediction market and get paid out in their cryptocurrency tokens and this makes cryptocurrency gambling far more scalable than traditional forms of online gambling.
Popular Cryptocurrency Games
Now that you know what gaming cryptocurrencies are and how they work, it’s time to learn about the games that use them as gambling currencies, below you’ll find a list of some of the most popular games now accepting cryptocurrency as a form of payment.
- Blackjack – is one of the most popular casino games in the world, and it’s also one of the best games for cryptocurrency gambling.
- Roulette – A classic game that’s been around since the late 1800s, roulette is one of the most popular games in the world, you can bet on many different types of roulette games, but the most popular is European-style roulette.
- Baccarat – Baccarat is a relatively new game that’s quickly gaining popularity, i’s a type of card game that incorporates some betting elements and is often played in casinos.
- Casino Slots – It’s easy to see why casino slots are so popular, they’re great games that appeal to a wide variety of players.
- Online Bingo – Bingo is a cross between a traditional game of chance and an online lottery.
- Sports Betting – Online sports betting is quickly becoming one of the most popular gambling options for players.
- Online Poker – Online poker is one of the oldest casino games, and you can now easily play it online using cryptocurrencies.