Crypto Casinos & Bitcoin Gambling DApps

Crypto Gambling & Decentralized Casinos Explained

In the ever-evolving online gambling world, casino sites operate differently depending on the country and local laws and regulations. These “centralized” casinos need to adhere to local rules and regulations. For instance, British players can no longer use credit cards to fund their accounts, as the UK Gambling Commission has prohibited it on all of its licensed sites.

Decentralized gambling sites offer a simple solution – they’re built entirely on the blockchain, so there’s no one with higher authority over them. In most cases, they don’t have traditional licenses, and they’re free to operate worldwide, making them way more accessible. Of course, that also brings a few other merits, including crypto casino bonuses that are usually higher than their fiat counterparts. 

Besides the payment structure, even the games on these sites operate on the blockchain via smart contracts. That makes the software transparent, and players can even check the fairness of different game rounds. Such games are rightfully dubbed “provably fair games”, and we’ll tell you all about them in a minute.

Decentralized Casinos in 60 Seconds: Explained with Our Video!

Learn about decentralized casinos and it’s benefits in just 1 minute below:

Bitcoin Casinos vs Gambling DApps – What’s the Catch?

While the bottom line is that both these terms include gambling platforms that primarily take crypto, a decentralized casino can be just about any site not licensed by a centralized authority. Gambling DApps take things even further, as they are fully built on the blockchain. 

They even include crypto sports betting, lotteries with draws operating on smart contracts, and betting options. They often give out a sense of community, featuring dedicated tokens with staking and mining options, allowing players to become a part of the project and earn dividend payouts. Gambling DApps also follow up with the latest advancements in the field, such as Web3 gaming.

Crypto Gambling 101 – How To Get Started with DApps

Choosing a good DApp casino is just the first piece of the puzzle. If you haven’t come across casinos primarily accepting digital currencies, there’s somewhat of a learning curve involved. We’ve simplified the main steps you’ll need to take from finding a suitable platform to placing your first DApp bet:

• Create a crypto wallet account: First things first, you’ll need a crypto wallet to play at decentralized casinos. It allows you to store your crypto and make quick deposits, as well as receive instant payouts. Here’s an expert tip – avoid using centralized wallets operated by the big exchanges if you wish to double down on that decentralization factor. Instead, you can use decentralized wallets like MetaMask, where you’d hold your private keys instead of a third-party exchange.
• Visit the exchange and fund your balance: Once you’ve got your wallet account up and running, you’ll need to get some crypto. One important thing to note here is that signing up with centralized exchanges like Binance and Kraken would require you to fill in the KYC details. If you wish to remain anonymous while using gambling DApps, make sure to use a decentralized exchange like CoinEX and Uniswap.
• Create an account: Up next, you’ll just need to sign up for an account at a decentralized casino. Check out our BC Game review for the exact steps. Some decentralized casinos even allow you to sign up directly via your wallet app, making the process even smoother.
• Choose the right network for your crypto deposits/withdrawals: Payment confirmation fees and times can vary depending on the crypto network of your choice. For instance, it’s best to process Ethereum transactions on the ERC-20 network, while TRC-20 works best for TRON deposits and withdrawals. 
• Play and enjoy: That’s it, once you’ve ticked all those boxes, you can start playing your favorite games. Remember to check the estimated gas fees for transactions from your wallet, just to avoid unpleasant surprises.

Pros and Cons of Crypto & Decentralized Gambling

While gambling DApps have a fair share of goodies for crypto players, they’re by no means perfect. Our Dappcasino experts will share their views on the biggest benefits and drawbacks below:

Advantages of Decentralized Casinos

• Variety of accepted cryptocurrencies: Our recommended gambling DApps accept a wide variety of crypto coins and tokens, from BTC and ETH to meme coins like DOGE and even altcoins.
• Global accessibility: You can access these sites from anywhere in the world without any game-related or bonus restrictions.
• Increased security: Blockchain transactions are generally safer than using payment methods that require you to expose your banking details on the site. 
• Total transparency and anonymity: Due to smart contracts and the blockchain, anyone can see the flow of payments, but it’s impossible for scammers to misuse your wallet or funds. It can also be difficult to track the identity of people using these wallets, unlike with traditional payment options.
• Extremely quick payouts: In most cases, crypto payment confirmation is done within minutes, with some options like SOL taking less than a second because of its Proof-of-History mechanism. Other extremely quick options include ETH and LTC.
• Fair odds and gaming software: The crypto gambling software of these platforms is embedded in the blockchain, and it’s impossible to alter the code. That led to a burst of provably fair games, where players can use the cryptographic hash to check the fairness of each game round, something that wasn’t possible with traditional games.
• Chance to be a part of the community: Some gambling DApps allow you to interact with other players via site-wide chatrooms, as well as options like staking and mining.

Setbacks of Decentralized Casinos

• The learning curve: If you’re not a crypto holder yourself, it could take a while before you get used to the way payments work.
• Game variety differences: The range of available games on crypto casinos can vary drastically. While some options, like BC Game, offer more than 10,000 options, others can be very limited. 
• Lack of regulations: Let’s be real here, decentralization is great, but without the right authority licensing the site, it’s more difficult to distinguish dependable platforms from unreliable ones. Make sure to choose carefully.
• Limited support: Oftentimes, customer support options at decentralized casinos are way more limited than on traditional sites. It’s to be expected, really, since the whole point of decentralization is to cut the cost, so you’re unlikely to find dedicated phone support options.
• Currency fluctuations: The most difficult part about crypto gambling is that your bankroll might change mid-game, and we’re not talking about the win/loss ratio. Currency fluctuations are to be expected, but you can use some options like USDT and USDC pegged to a dollar.

Choose Your Crypto for Bitcoin & Altcoin Casinos

At Dappcasino, we follow up with the latest trends and the newest crypto coins to hit the market. Take a peek at our detailed crypto gambling and find out how to wager in your preferred coin from scratch:

Provably Fair Games for Crypto Casinos – The Basics

The Basics Behind Provably Fair Games 

Provably fair gaming isn’t just a new trend in online casinos – it’s a whole new style of play. Explore our detailed guides on various game types, from classic Crash to Mines, Limbo, Wheel, and Plinko. But first, take a few moments to check out what’s special about them:

• Unbeatable transparency: While playing a provably fair game, you’ll get one part of the cryptographic hash code beforehand, and the other one after the round plays out. Combining the two parts of the key shows you the pre-determined outcome, so you can compare it with the one you’ve got and see if the game is truly fair at its core.
• Fast-paced gameplay: In most cases, provably fair games are rather simple. In the Crash game, you’d get to sit behind the steering wheel and control your wager’s fate by deciding exactly when to cash out as the multiplier grows. You just need to cash out before it crashes. Other games like Dice and Plinko also display results within seconds, so these are perfect for fans of lightning-fast wins.
• Incredibly high RTP rates: At Dappcasino, you can filter provably fair games by their Return to Player (RTP) rate. For context, classic video slots have an average RTP of 96.00%, while these crypto games often go up to 99.00%, allowing you to get more stable and consistent wins.

Our Dappcasino experts test each of the games personally and with their own bankroll to see if they’re any good. We’ve listed some of the best picks that meet our rigorous rating preferences below: