Any avid gambler has heard of cryptocurrency gambling. If you haven't, it involves the use of digital coins to pay for online gambling activities. Presently, only a selected number of online casinos accept crypto transactions. One reason for the small number of cryptocurrency gambling websites is the slow adaptation of the technology. Although the first digital coin, Bitcoin, launched in 2008, it took a while for consumers to embrace the payment solutions. It's not until 2014 that the first casino allowed Bitcoin payments. Nonetheless, gamblers in Canada can be confident about finding reputable online casinos where they can transact with different types of digital currencies. As with any other gambling platform, players must ensure that they are using reliable operators. So, what makes one crypto gaming website more suitable than another?
Licensing and Legitimacy
Unlike regular online casinos, crypto sites don't require regulation. Since digital coins are decentralised and are not considered legal tender in most regions, gambling operators can, and do, provide services without licences. However, that doesn't mean you settle for the first casino you come across, licensed or not. Regulation gives operators some legitimacy because registered members have to operate under certain standards. Therefore, customers have assurances that even if an operator is not required to, that it strives to deliver safe and fair products. The government of Curacao is the leading jurisdiction that regulates cryptocurrency platforms. When it comes to hybrid websites that accept both fiat and digital currency, then you can expect multiple licences. So, whichever type of gambling platform you decide to use, check its registration to verify the validity of its licence.
Choice of Payment Options
When most people hear about cryptocurrency, they immediately think Bitcoin. This assumption makes sense because BTC is the original digital coin and has the largest distribution. In fact, you will find operators that only support Bitcoin and BTC Cash. If you intend to transact using that particular coin, then you can focus on Bitcoin casinos. However, if you prefer to try other digital currencies, then you must find sites with several payment options. As consumers embrace cryptocurrency use, an increasing number of operators are supporting altcoins. An altcoin is a digital currency other than Bitcoin. Ethereum, Ripple, Litecoin and Dogecoin are some of the alternative payment modes that online casinos offer. Stake Casino is an example of a site that supports multiple altcoins. Read the Stake.com casino review to see what else the casino has in store for Canadian players. Gamblers who prefer hybrid casinos should also consider the fiat currency payment methods available.
Provably Fair Games
Whether you wish to gamble on slots, table games or online scratch cards, you always have to ensure that the products are high-quality, safe and fair. Crypto casinos do this by offering provably fair games. When games are provably fair, it means that the casino has a system in place to guarantee the randomness of blockchain games. Therefore, users can play without worrying about the operator manipulating the results. Typically, cryptocurrency sites have the provably fair seal displayed on the website. Thus, you can easily tell if a gambling platform provides fair gaming solutions before using it. Operators usually offer a way for customers to verify if games are provably fair.
Bonuses and Promotions
Since digital coins have low fees and fast transactions, crypto casinos tend to have better offers than traditional gambling sites. Bonuses and promotions are big determinants of the suitability of a platform. A good bonus can give you more funds to spend on your preferred games, thus increasing your play time and winning opportunities. Therefore, you want to make certain that an operator provides great bonuses. Don't concentrate on the size of the offers, though. Look at the terms as well. What are the wagering conditions? How long do you have to use the bonus? Which games are eligible? Such considerations will tell if a crypto bonus suits you. Operators can offer bonuses in the form of digital coins or fiat currency. If a casino converts crypto to fiat first, be sure to confirm that the rates are consistent.
Consider the Customer Service
Playing at a crypto site, especially for beginners can be a tad daunting. Hence, you want to make sure that you can find the necessary assistance. A decent casino should have a section explaining how to buy digital coins and deposit in a player account. Before you commit to a website, check the contact methods provided. If you need to communicate with a customer representative, an operator should make that easy. At the very least, it should have a live chat facility. If a customer service number is available to players in Canada, even better.
Cryptocurrency casinos are some of the latest offerings in iGaming. As the number of digital coin users keeps rising, more gambling operators are supporting this payment method. Gaming with crypto provides many advantages like anonymity, fast transaction times and low fees. Now players in Canada can use a variety of coins to play numerous games at reputable sites.