Crypto Casinos 101: A Beginner’s Guide to Key Concepts
Starting your journey into the world of crypto casinos can feel overwhelming, but understanding a few key concepts can make all the difference.
Whether you’re new to cryptocurrency or just curious about how these casinos work, this guide will break down some of the basic concepts you’ll come across.
Crypto Casino Concepts: A — Z
Bonuses
Crypto casinos offer a variety of bonuses that can boost your bankroll, but not all bonuses are created equal. From free spins to matched deposits, it’s important to understand the types of rewards you can claim. Check out our bonus guides to learn more about the different crypto casino rewards and how to make the most of them.
Cashout
When you’re ready to cash out your winnings, you want the process to be smooth and fast. This is where understanding the cashout options at crypto casinos comes in handy. Learn about withdrawal methods and tips for a quick cashout.
Decentralized Casinos
Some casinos are built and run entirely on the blockchain. We call these decentralized casinos, or Dapps, for short. They operate without a central authority, using blockchain technology to handle everything from games to payouts. Usually, they offer more anonymity than “traditional” crypto casinos.
Deposit
Depositing at a crypto casino is often simpler than using traditional payment methods, but there are a few extra steps to keep in mind. If you’re new to the process, our deposit guide will walk you through the process, making it easy to fund your account and start playing.
KYC
Know Your Customer (KYC) procedures are standard at most crypto casinos to verify your identity and protect against fraud. Not every casino has KYC, though, so it’s worth checking our KYC guide to see how it might impact your gaming experience.
Licenses
In order to operate in certain locations, crypto casinos must hold a valid license from a recognized regulatory authority. A license ensures that the casino adheres to guidelines regarding player protection, game fairness, and responsible gambling. A popular crypto casino license is the Curaçao license, and you can learn more about it in our guide on how to tell if a crypto casino is legit.
Maximum Payout
Crypto casinos often have limits on how much you can win per bet or game. These maximum payout limits vary, and it’s essential to know them, especially for high-stakes games. Learn more about maximum payouts before hitting that jackpot.
Pay Table
A pay table (A.K.A game info screen) is a breakdown of how a casino game works. It shows you everything from symbol values and special features in slots, to hand values and payouts in poker. If you’re not 100% sure how to understand them, we’ve got a simple guide on how to read pay tables that should help you out.
Provably Fair
One of the coolest aspects of crypto casinos is the use of provably fair technology. It ensures game fairness using cryptographic algorithms that you can verify yourself. Curious about how it works? Dive into our guide to provable fairness to get the full scoop.
RNG
Random Number Generators (RNG) are what keep casino games unpredictable and fair. In crypto casinos, RNGs are often paired with blockchain tech to ensure complete randomness. Get more insight into how RNGs work in the crypto gambling world.
RTP
Return to Player (RTP) refers to how much a game pays back to players over time. It can vary from game to game, so understanding RTP can help you choose games with better odds. Check out our RTP guide to know what to look for.
Transaction Limits
Crypto casinos may have transaction limits on how much you can deposit or withdraw in a given time frame. These limits can impact your gaming strategy, especially if you’re playing high stakes. Learn more about transaction limits to avoid surprises.
Volatility
Game volatility refers to how often and how much a game pays out. High volatility means bigger, less frequent wins, while low volatility means smaller, more regular payouts. Get the full breakdown on volatility in crypto casino games.
Wagering Requirements
Before you can cash out your bonus winnings, you’ll usually have to meet certain wagering requirements. These requirements can vary widely, so it’s smart to know what you’re signing up for. Learn how to handle wagering requirements like a pro.
Withdrawal Fees
Sometimes, casinos will charge you a fee (on top of gas fees) when you withdraw your winnings. It’s not very common, and it’s almost unheard of at larger crypto casinos. Even so, getting up to speed with how withdrawal fees work could save you a buck or two in the near future.
Final Thoughts
And so the crypto gambling padawan becomes the master! You’re well on your way to learning the ins and outs of crypto casinos.
The good news? The more you learn and absorb, the higher your chances of coming out with a profit at the end of the day. I encourage you to use the resources on our site to build your knowledge and make informed decisions about your gambling.
If there’s anything you’re confused about that we don’t address, please reach out to us at info@casinosblockchain.io, and we’ll get to work on a new guide or two.
