In this article, we take you through an in-depth guide to the Crypto Mobile Gaming world. Find out who’s in the lead, how to be a participant and more. To start, let us look at the future of cryptocurrency gaming.
The last few years the tech space has seen many innovations when it comes to the internet of things (IoT). Online gaming went up by staggering amounts, and crypto gaming was right behind it. The Crypto world is expanding right in front of our eyes, and in unparalleled time frames.
Blockchain gaming is a combination of the use of Non-fungible tokens (NFTs) and earning cryptocurrency rewards with the help of gaming. In the first quarter of 2022 alone, the industry saw investment and widening interest in 128 blockchain companies. The choice is ours, whether we want to be onlookers or participants in this apparent evolution.
The future is happening in the present. Since 2021, the growth of crypto gaming suggests that this is only the beginning. The traditional casino landscape has been changing since going online. With people betting with real money on virtual stages.
The addition of crypto brings other possibilities. Some, like exchanging trade while gaming, are already at our disposal. The rest remain to be seen with time. Its decentralised nature is the foundation for uncensored ideas, and somehow, people come up with the best ideas when no one is looking.
Ethereum, for instance, dubbed as the silver of blockchains if bitcoin is the gold, offers mediums of communication; on top of acting as a currency. With the medium being uncensored, numbers of people are sharing unpopular innovations to help solve some of the world’s most challenging issues. They are arguably making more progress than governments and other public organisations have done in recent times.
No one is saying cryptocurrency gambling is here to save the world. But the possibilities to the nature of gambling certainly are endless, as online gaming slowly but surely merges more with cryptocurrency gambling.
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Online security is a genuine issue that people are concerned about. As much as the Covid-19 virus inspired positive innovation because of widespread job losses, it also inspired criminals to pounce on their vulnerabilities. Rest assured when it comes to cryptocurrency mobile gaming sites.
The safety and security of bitcoin casinos are prevalent enough for some casinos to only deal in Bitcoin. If that was not the case, more online casinos would not be joining in on the trend. In fact, the opposite is happening on a daily basis. As long as you follow the basic precautions for using cryptocurrencies, you have nothing to worry about.
When uncertain about the safety of an online crypto gambling site, visit review sites to find out if the company is registered and licensed. When it comes to casinos and cryptocurrency in general, with the layers of encryption and verification applied throughout the process, crypto gaming is the most secure.
Apart from the obvious currency differences, let’s see how else the gambling platforms vary.
|Mobile Crypto Gambling||Regular Mobile Casino|
|Uses BTC as a currency to measure value||Uses normal currency for the same purpose|
|Safer payment options because of the blockchain applications||Account details are easier to hack, leaving gamblers prone to bank theft|
|Not affiliated to any third party or institution||Controlled by government organisations|
|The house holds a lesser edge offering players a fair game||Various games hold a house edge|
|There is transparency||Operators are not open about their rate to player configurations|
|Bitcoin games require licences for development||No licences are required|
|Digital wallets are used to store currencies||Relies on traditional financial institutions|
As popular as crypto gaming may be getting, it still has a way to go. Especially when it comes to convincing authorities to legalise it by making governments accept it as a legitimate currency. Perhaps that is all the rest of the casinos that aren’t jumping on board are waiting for. As long as you have the internet at your fingertips, there’s no need for you to wait to enjoy all the fun and games offered by online Crypto gambling sites.
The same thing can be said about gaming. If everything was done perfectly from the onset, no one would be inventing new games, or at least improving on the already existing ones. Let’s have a look at what works and what doesn’t when it comes to mobile Crypto gambling sites:
Yes. You can use a range of Cryptocurrency depending on what the Crypto gambling site accepts. This includes ált-coins such as Ethereum, Bitcoin Cash, Litecoin, and Dogecoin.
Create a bitcoin wallet. Deposit money into it. Deposit your BTC into your choice of Crypto site or sportsbook. Withdraw or store your winnings.
Yes, crypto currencies exist online, making it a lot harder to be controlled by governments and other institutions, as this is still a new legal area. There are no laws against gambling at these crypto casinos. However, you should always check the laws in the country where you live.
New crypto punters are provided with in-house wallets. This is where they will store their coins and make transfers to and from.
Yes. Unlike traditional casino sites, Crypto casinos offer tons of games per site, generous bonuses, and faster payouts. The best Crypto casinos also throw in exclusive games.