Due to the synergy that exists between cryptocurrencies and online crypto casinos, the bitcoin gambling industry is only growing stronger with time. There are hundreds of crypto casinos that you may find online, and more are opening up every day, it may be just a matter of time before blockchain technology becomes the standard in the online gambling industry.
In this post, we will examine the various types of bitcoin casinos that are available in the crypto cyberspace and list the ones we prefer based on our analysis. Although it would be difficult to name THE best bitcoin casino, there are undoubtedly some that stand out as the highest in terms of quality that will be listed below. Visit Bitgamble, for other trusted bitcoin casino reviews.
Hybrid Casinos
Hybrid casinos make use of fiat and cryptocurrency as payment methods. Their target customers are both traditional gamblers and crypto users.
These types of casinos tend to be the most popular since they cater to the average online gambler and not only cryptocurrency users. With such casinos you’ll find the greatest number of players, hefty bonuses, lots of casino games, and typically the largest jackpot payouts.
Hybrid casinos, on the other hand, are typically the most regulated; you might encounter multiple country restrictions, games that can be played only with fiat and not crypto. In addition, casino games are typically more expensive to wager in comparison to casinos that accept only cryptocurrency.
KYC is requested most of the time in hybrid casinos, however crypto users may be exempt in some casinos.
Here are some good quality hybrid Casinos:
Crypto Casinos
A cryptocurrency-only casino is a type of online casino that only accepts crypto as payment methods. These casinos tend to be crypto-friendly and accept deposits made using a wide variety of cryptocurrencies and altcoins.
With the exception of a few major participants in the industry, most of these casinos are small- to medium-sized, but they are very popular among cryptocurrency users.
The majority of crypto casinos offer 100% provably fair games, which greatly enhances trust by adding an extra layer of confidence on the part of the casino toward its players.
KYC is typically never needed, unless the player is suspected for fraud. User privacy is much more respected in comparison to hybrid casinos. Country restrictions and limitations are far less than hybrid casinos. However, some crypto casinos offer fewer game variety but they have the advantage of having the majority of their games to be provably fair.
Crypto casinos have gained a lot of traction over the past few years and are typically the ones that cryptocurrency players favor the most. Gambling on such platforms is much cheaper and more convenient than online casinos.
Here are some good Crypto Casinos:
Decentralized Casinos
Decentralized Casinos are the kind of casinos that have fully embraced blockchain technology by switching every aspect of their back-end operations to operate on decentralized networks. This has the effect of giving cryptocurrency gamblers a completely transparent environment and removing the majority of trust issues between the casino and their customers.
Although from a theoretical standpoint, decentralized casinos appear to be the best type of casino, in reality it tends to be the least favored. This may be because the majority of decentralized casinos are not user friendly, lack user support and its complexity of use since it only caters to tech savvy crypto individuals, but this trend is anticipated to change over time.
Decentralized casinos offer games that are provably fair, all wagers are recorded on the blockchain. They place a strong emphasis on transparency and the development of a trustless relationship with their customers. User signups require minimal effort, most are web3 compatible and you can sign up with a click of a button without providing any email or other information about yourself. KYC is generally not a feature of such casinos, but can be enforced if a user is suspicious of committing fraud.
Here are some good Decentralized Casinos: