Have you ever wondered which casino games are the biggest attraction among crypto users? If your answer is not affirmative, this blog post is the one-stop solution for all your queries. Continue reading to learn about the most popular casino games among crypto lovers and how crypto is transforming the gambling space.
Why Is Crypto Popular in Live Casino Gaming?
Crypto is becoming increasingly popular among casino goers, and there are many reasons for this. The speed and the anonymity of transactions that blockchain-based transactions offer are a major attraction.
The blockchain network is not controlled by any centralized or third-party agency; rather, every transaction is verified within the system itself. Hence, the transaction cost of fees for making payments is much less than in a traditional casino setup, which has to pay for maintaining the security costs for protecting the hard cash that disburses.
Apart from this, the greater acceptability of cryptos, the anonymity of transactions, and the safety of transactions are other major reasons for the popularity of cryptos in live casino games.
Finally, cryptos are favored by many because they have universal acceptance. If the casino pays in traditional currencies like dollars or pounds the currency may need to be converted for a global transaction but that is not the case with cryptos.
Top Live Casino Games Among Crypto Users
Many casino lovers have developed a strong preference for cryptos as the payment method when they win a game, and here are the games that those people play most often.
Blackjack
It is a simple card-based game where the players play against the dealer. The aim of all the players is to get the highest value of cards without exceeding twenty-one. The game is strategy-based and one who has a solid strategy can win and register good profits.
Hence, the next time you are at a live crypto casino, do not be surprised if you spot most of the people indulging in a game of crypto blackjack.
Roulette
The game of crypto roulette is another top pick among crypto lovers. Roulette involves a circular roulette table that has black and red notches drawn on it. Now a ball is made to rotate on the roulette table and ultimately fall in anyone's pocket when it loses its initial momentum.
If the ball lands up in a notch on which the bet has been placed the player wins. It is evident from the game's description that playing roulette involves a strong element of luck.
Baccarat
Just like blackjack, this too is a card game and a favorite among crypto casino users. The game is simple and every player tries to guess which set of cards has the highest value closest to nine.
Poker
Poker has always been a top pick among casino users. Every player in this game tries to be the last man standing. The player's aim is to convince the other players that he has the best set of cards.
In the process of convincing others the player may also bluffing them into believing that player has the best cards even if that may not be the case.
Live Game Shows
Traditional card games are popular among crypto casino users because of the trivia or the excitement associated with the game.
However, in the past few years live casino gaming where the gamemaster conducts the game in real time and makes it an interactive experience for the player is also popular among crypto casino goers. Hence, popular live casino games are gaining a loyal band of players at the casinos.
Unique Features of Crypto-Enabled Live Casino Games
Crypto casinos are different from traditional ones, and the difference goes beyond the fact that the prizes are given in cryptos. The main difference is the speed of the transaction. In a traditional casino, the transaction happens fast, but in a crypto casino, the transaction time depends on the robustness and speed of the crypto network.
Live casino gaming can also make use of smart contracts to automate various parts of the gamble. Finally, the crypto casinos are fast evolving because the crypto community is an active and versatile one. Hence, if you visit a traditional casino after a gap of two years, you may not find many changes but that will not be the case with crypto casinos.
Benefits of Using Crypto for Live Casino Gaming
Using cryptos for gambling has several advantages, and some of them are listed here.
- Using crypto ensures the safety of transactions as each transaction on the chain is verified within the network.
- Using cryptos allows decentralized transactions. Cryptos operate on a blockchain background, and unlike traditional payment systems, they do not need the approval of any federal agency for any transaction.
- Using cryptos saves transaction costs since most of the processes are automated, and there are no intermediaries who need to be paid.
Challenges of Playing Live Casino Games with Crypto
There are plenty of challenges when playing popular live casino games with cryptos.
- The biggest challenge is volatility. Bitcoin is the most popular currency, yet its price fluctuates tremendously every year.
- There are challenges like legal uncertainty, as many countries still need to accept cryptos as a form of money. In some countries, they are completely illegal, while in others, they are treated as securities or assets.
- The need for consumer protection laws. Since cryptos are completely illegal or not recognized in many countries, there are not many ways to protect against the violation of consumer laws in this regard.
- There are technical challenges to accepting and enjoying crypto live casino games as not all people know how to sell or buy such them.
Conclusion
Crypto casinos are already popular and will gain more acceptability in the near future. Hence, if you are planning on giving your loved one a Thanksgiving gift, taking them out for a fun day to a crypto casino may be a good idea. These casinos are fun, and with more countries adopting crypto-specific laws, the ambiguity surrounding them will keep decreasing.