The History of Crypto Casinos Online

If you haven’t heard the news, Crypto Casinos Online are all the rage. Even fiat money casinos are shaking up their financial departments just so they can accommodate crypto players. That’s no surprise.

The decentralized nature of Cryptocurrencies has caught the world by storm, invading app facets of our society. Gambling didn’t stay immune to the charms of cryptocurrencies, as players have always wanted anonymous transactions.

But, how did it all begin? Did Crypto Casino Sites just began popping out of nowhere the past few years? If you go back, you’ll see that it’s not like that.

It All Starts with Bitcoin

It’s not hard to guess that the history of Crypto Casinos starts with Bitcoin. The original whitepaper was published in 2009, but it was years before the online gambling industry-or society at all-warmed up to the idea.

In almost a decade, Bitcoin went from an afterthought to a radical financial idea whose bubble unfortunately burst in 2017. In the years that followed Bitcoin grew to new heights and gave Gambling Sites food for thought.

The first casino to adopt Bitcoin as a payment method was Satoshi Dice. Its name is an obvious nod to the mysterious Satoshi Nakamoto, the inventor of Bitcoin.

Satoshi Dice launched in 2012, adding Bitcoin to its list of payments and developing the unique Satoshi Dice game. With its new payment method, the casino opened its doors to everyone around the globe looking to play with Bitcoin.

As a decentralized payment method, anyone could jump on Satoshi Dice’s train and enjoy the leading cryptocurrency. All it requires was a Bitcoin wallet, and there were a few available at the time.

In the following years, many players saw the advantages of Bitcoin Casino transactions at Satoshi Dice. Deposits were fast and instant, with no middle-men involved. The only fee they paid was to the blockchain. Withdrawals were instant too.

Satoshi Dice also introduced tournaments that took the best out of BTC Casino transactions, and before you know it, many players switched from fiat money to Bitcoin.

Others followed the example right away. New Crypto Casinos started popping up on the market, triggering an online casino revolution. Even fiat money gambling sites joined the fray. It was clear that cryptocurrencies are the future of iGaming and that the Blockchain is the idea that will move the industry to a new era.

Are Crypto Casinos Dangerous?

As more and more Crypto Casinos appear on the market, many think they’re unsafe and dangerous just like some cryptocurrencies. The reality is different.

Crypto Casinos are regulated. No one can tell a gambling site what should or not accept as a payment method. Their license is an entirely different department that has nothing to do with cryptocurrencies as payment methods.

Thanks to the proper licenses, Crypto Casinos are not dangerous at all. They’re safe to play at and you’re even safer when playing with crypto. The reason is simple. No one can get in your tracks as you’re not sharing personal nor financial data.

All crypto transactions are finite, so no one can meddle inside. Cryptocurrency Casinos are not dangerous at all, so you can drop that sentiment and forget all about it.

What Does the Future Hold?

We talked about the history of Crypto Casinos, but what does the future hold? Players and experts are both adamant that it’s as bright as possible.

The blockchain represents a perfect and safe space for the industry to decentralized. It’s also a perfect way for tech to evolve, and the casino industry along with it.

The future of online gambling is tied to Crypto. It erases the stigma of being seen gambling, and hides tracks while transparently recording all transactions. We may finally see the end of centralized transactions, and we’ll happily embrace what the crypto industry offers.