In the 21st century, cryptocurrencies have gained particular popularity in almost all spheres of human life, from ordinary shopping to financial exchanges. Online casinos have not spared this progress either. Today, many gambling platform owners integrate cryptocurrency into their businesses to attract as many new users as possible.
If you want to open your casino, you should first decide whether you will adapt cryptocurrency to your website. You may be wondering: why do I need to open a crypto casino? Do you think it is much more complicated than opening a traditional online casino? That is not the case! This article will explain why you should consider opening a bitcoin casino and what advantages such platforms have for entrepreneurs.
What should you know about the crypto casino?
To begin with, crypto casinos do not mean that cryptocurrencies will be the only payment option for your players. Blockchain will be one of the payment methods on your platform, while any player will be able to use a traditional type of banking transaction such as credit card, e-wallet, or money order. Therefore, do not think that when you launch a crypto casino, you limit your target group.
In such online casinos, the player will share with you the blockchain address, from where you can pick up the amount you need.
However, it would be best to understand that there is a slight difference between a crypto casino and a bitcoin casino, as bitcoins are one of the many types of cryptocurrencies.
Crypto casinos have a vast number of advantages. Below we bring to your attention a list of the most important ones:
1. The payment process will be easier
In traditional casinos, there is an intermediary between you and the players. It is often the bank that controls all of your money transactions. This point has its drawbacks:
1) You have to pay fees to banks for each payment;
2) The bank must check every transaction. Respectively, you and the players need more time to withdraw funds, especially with large winnings;
3) You are very dependent on bank policies. For example, some bank cards may not be available for your platform.
During crypto transactions, the whole process takes place directly between you and your user, respectively:
- Money transfers are much faster;
- You do not need to pay fees to third parties. You get more profit;
- It is easier for you and your users to control the entire payment process.
2. You automatically guarantee the anonymity of your players
Your users will not have to leave information about themselves or their bank accounts in a crypto casino. Instead, they will need to provide you with a blockchain address. Accordingly, they present you with a minimum of information about themselves. That increases user confidence in your site, which means your casino will attract more players since one of the biggest problems in the gambling industry is online fraud and lack of trust.
3. You will not need to spend additional time and effort to launch crypto-casino
One of the most popular crypto casino myths in the gambling industry is the difficulty of opening a gambling platform based on cryptocurrency. But, unfortunately, about 15 years ago it was a reality, because:
- Cryptocurrencies were not so popular, so their adaptation to the system was considered an unprofitable luxury for an entrepreneur;
- Not every programmer could create a platform with the integration of cryptocurrency into an online casino;
- There were very few games supporting cryptocurrency.
However, in 2021 everything changed dramatically. Today, to launch your crypto casino, you need to contact software companies that make you a quality product. The best bitcoin casino software providers are:
- FlamingoSeven;
- RiverMonster;
- NetEnt;
- Microgaming;
- Evolution.
These companies will install a crypto payment system for your site and offer you the most exciting games with access to the cryptosystem.
But you also have to consider that to launch a crypto-casino, you will need to receive a license that allows you to run your business.
Conclusion
If you decide to launch your gambling site, then a crypto casino will be the most profitable business for you. Experts call blockchain casinos the future of the gambling industry. However, it would be best if you hurried up with a decision because the competition in this area is overgrowing. As a result, you may miss your chance to become a successful gambling entrepreneur.
