How are Crypto Casinos Different to Normal Ones?

How are Crypto Casinos Different to Normal Ones?

To the untrained eye, crypto casinos are the same as regular online casinos (aka normal online casinos), which is true to a certain extent, but there are also many differences between the two, which we will be taking a closer look at right here.

What are the main differences between crypto casinos and normal online casinos?

One of the main differences between a crypto casino and a normal online casino is that a normal online casino will only accept one or more fiat currencies, such as Pound Sterling, US, New Zealand, Canadian or Australian dollars or Euros, and traditional online payment methods, such as credit and debit cards, digital wallets (aka eWallets), prepaid cards and bank transfers.

Crypto casinos also usually accept one or more of these fiat currencies and payment methods, but they also accept blockchain payments and one or more cryptocurrencies.

On today’s best crypto-accepting online casinos, players can often top up their accounts or cash out their winnings using the following legitimate cryptos:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Tether (USDT)
  • DogeCoin (DOGE)

Many also now accept Solana (SOL), Binance Coin (BNB), Bitcoin Cash (BCH), Ripple (XRP), Cardano (ADA), Avalanche (AVAX), Tron (TRX), and various others. Some crypto casinos may only accept one to three cryptos, and others might accept 20 to 30 or more. Each site is different.

What else makes crypto casinos different from normal ones?

At most fully licensed and regulated online casinos today, players must adhere to the KYC (Know Your Customer) account verification process to gain full access to the website’s features, products and services.

At crypto casinos like the ones currently featured on this site – the globally renowned iGaming review site, you generally don’t have to go through the annoying KYC account verification process.

This means you don’t have to spend ages finding and scanning proof of address documents like a gas or electric bill, mortgage or bank statement that’s less than three months old or scanning proof of ID like a passport or driver’s license and then sending it to the casino’s account verification department.

At regular online casinos, temporary restrictions will be placed on your account until your documents are verified (which can take anywhere from a few hours up to usually no longer than 48 hours). In other words, you won’t be able to withdraw your winnings until you have proven you are who you say you are.

The aim of the KYC process at iGaming sites today is to prevent underage gambling, fraudulent activities, and bonus misuse/multiple accounts being opened by the same player.

How are crypto casinos helping revolutionise the iGaming industry?

Crypto casinos are helping to shape the iGaming industry in more ways than one. For example, they are helping safeguard the essence of online freedom due to the nature of blockchain technology and cryptocurrency transactions.

Crypto casinos offer complete privacy and anonymity, unlike normal online casinos. No governments or central banks interfere, and payments are quicker and protected by even higher levels of SSL encryption.

No credit or debit card or other sensitive banking details/personal information is required, and crypto transactions often come with little or no fees attached.

Crypto casinos have made online casinos more accessible than ever to players across the globe who sometimes find it hard to play at online casinos due to local/international gambling laws.

Also, as well as having thousands of normal/regular online casino games, such as computer-generated slots, table & card games, slingo, bingo & lottery-style games, instant win/speciality games, video poker, scratchies, and crash games, and highly sophisticated live dealer games, many crypto casinos also have provably fair games, where the outcomes are verifiable by players.

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