Livecasino Casino Blog
Cryptocurrency
The cryptocurrency market is a vast one and has been around for more than a decade now. With popular names in the industry such as Ethereum and Bitcoin being used more commonly, more uses for digital assets are being created. One of them, in particular, is online gambling with Bitcoin and other digital currencies.
If you're wondering how to gamble with cryptocurrency and asking 'Can I gamble cryptocurrency?', 'Is crypto gambling safe?' or 'Is Bitcoin gambling profitable?', then you've come to the right place. Find the answers to all these questions and learn more about it in the coming sections below!
Cryptocurrency and gambling: How does it work?
Since Bitcoin was created, cryptocurrencies have been used by many either as a mode of payment or an investment product that can potentially make a profit. Their virtual and decentralised nature made them different from fiat currencies that need banks and other third parties to make transactions.
Gambling, on the other hand, involves playing games for money and has always been attributed to land-based casinos for the most part. But this is no longer the only case since lots of online casinos where you can enjoy classic casino games and exclusive titles you wouldn’t find on land casinos are now available. With these, you can experience the same classic games like slots and table games from the comfort of your own home.
When you combine these two, you get crypto gambling where players can use their cryptocurrencies to play games in online casinos. This option makes depositing funds and withdrawing wins a whole lot easier thanks to crypto’s decentralised feature. You can then say hello to a convenient, anonymous and efficient gaming experience and bid farewell to archaic modes of payment!
The benefits that come with crypto gambling
Playing crypto gambling games has been on the rise for more than a decade now, and for lots of great reasons! After all, it’s a new venture that provides a whole lot of perks you wouldn’t find in land casinos such as mobile gaming and easy withdrawals. See some of the other benefits that come with crypto gambling below to learn more:
Enjoy convenience and efficiency while playing
Transacting with cryptocurrency works online so you can instantly deposit to your casino account using your phone. All you have to do is scan the QR code or copy the provided address to your crypto wallet and input how much you’d want to deposit. Once your order is completed in minutes, you can now play using your new balance!
When you find yourself enjoying a game and wish to increase your balance, you no longer have to work with your bank or fix credit card arrangements before transactions can be completed. With online crypto casinos, players can enjoy easy, uninterrupted gameplay!
Bring the safety and security of crypto to online gambling
Online gambling with Bitcoin and other cryptocurrencies offers safety and security as well. This is because digital assets rely on blockchain technology, a means of permanently keeping records in a public ledger. Any transactions with a particular cryptocurrency will be recorded to the blockchain and can no longer be accessed, hacked or changed.
This means your funds are safe once you’ve deposited them into your account so you won’t have to worry about hacks and online theft. Just focus on enjoying your games!
Access all sorts of amazing live dealer games and slots that support crypto
After learning how to gamble with cryptocurrency and getting the hang of the process, you can now do a bunch of exploring and see what platforms have in store for you! If you want to get the most out of your gaming experience, keep an eye out for casinos catering specifically to crypto gamblers so you can get in on special perks and bonuses that only crypto users can access.
Is crypto gambling safe?
Despite all of the advantages that come with digital assets, many still ask ‘Is crypto gambling safe? Yes, gambling with crypto is safe provided that you take all of the necessary precautions and choose a trustworthy and secure platform.
If you’re asking ‘Can I gamble cryptocurrency safely?’, the answer is also yes. Anyone can experience crypto gambling as long as they have coins and a wallet to use.
Is Bitcoin gambling profitable?
Another question curious players ask is whether or not gambling with crypto is worth it and profitable. In reality, it all depends on how you look at it and handle your own funds. This is no different from fiat gambling in the sense that you can always make a profit, as long as you know the game you’re playing, bet wisely and have a little luck on your side.
After all, gambling is a form of playing with chances. You won’t necessarily need strategy or skill all the time, but luck plays a huge factor in winning as well. So while Bitcoin gambling can be profitable, don’t let it become your ultimate goal while playing. It’s all about having fun and reaping the rewards of using crypto.
Guide to gambling with Bitcoin tips to help you win
Now that you know all about gambling with Bitcoin and whether or not it's safe, you can consider trying it for yourself next time you play online games. After all, it’s best to experience it for yourself to truly see the impact of using digital assets.
To know how you can make the most out of your crypto gambles, check out some of the gambling with Bitcoin tips we’ve compiled for you below:
Choose high-quality games with good RTPs and volatility rates
If you visit an online casino platform, chances are, you will come face to face with lots of different options. Thousands of slots, live dealers and casual games are available, and it can be difficult to take your pick. To help narrow down your options, try to look for high-rated games with excellent reviews.
Another thing to look out for when choosing your games is the RTP or Return to Player Percentage. This talks about the turnover rate at which the game returns to its bettors. While it doesn’t guarantee anything, the higher the RTP and the overall volatility rates of the game, the better. This will potentially give you more chances of winning rewards.
Create your budget for playing and stick to it
When playing any other casino game, you should always have a budget for yourself. This rule must be followed even when using crypto as a mode of payment. This is one of the gambling with Bitcoin strategies that every player should have in their arsenal. Self-control and playing smart is key to making the gaming experience a better one.
The last thing you want is to be mindlessly funding your account and ending up losing more money than you had in the first place. Be strategic about betting and learn when it’s time to get up and play another game or try again next time. This way, you can play smart and have fun at the same time without losing too much money.
Link your wallets or crypto funds to your online casino account
Another one of the gambling with Bitcoin strategies to follow include linking your cryptocurrencies to your online casino account. This is so you can have easy access and avoid any untoward transactions or unnecessary procedures. It offers convenience and transaction completion within just a few minutes or less.
Some of the best cryptocurrencies to use in online casinos include Bitcoin (BTC), Ethereum (ETH) and Tron (TRX). All of these digital assets operate under their own blockchain and have something special to offer depending on what you are looking for. Of course, their values are different, but they are all reliable and are usually accepted on most platforms.
Use a platform with excellent security and customer service
Last but not least, choose a reputable platform you can trust. You want to place your bets in a place that keeps both you and your funds safe. It should also be able to offer a variety of different games and keep you on the edge of your seat with new releases and exciting promotions now and then.
Make use of these tips to get an edge over your competitors and potentially increase your chances of winning! Using crypto to place your bets is an excellent idea to unlock the full potential of digital assets, and you’re just beginning to crack the surface. So, give it a try and see what the world of crypto gambling has to offer.
Experience Bitcoin gambling for yourself at Livecasino.io!
Whether you’re looking for a fun Bitcoin gambling experience or wish to further your investments, all of these and more can be done through Livecasino.io. It’s a completely new experience that every player has to try if you’ve only ever used fiat money before. Enjoy uninterrupted and convenient gaming when you bet with crypto.
Gambling with crypto has never been so exciting and efficient. Lots of different classic online games like slots, live dealers and casual games are up for grabs on Livecasino.io. Registering for an account is free, so make the most of it today and see what it has in store for you!
Words by: Adi Gregorio
