Cryptocurrency Gambling Coins
Cryptocurrency gambling is experiencing widespread adoption and more users are wishing to use it for their online gaming activities. Some sites offer Bitcoin Gambling while others already offer deposits and withdrawals in various cryptocurrencies and this is something that will continue into 2021. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase 'CasinoCoin Coin' over the last 90 days. Token Sales; Coin Prices; Exchanges; Free Crypto Airdrops; Gambling Sites; Lending Platforms; Mining Pools; Staking Providers; Wallets; Change Cryptocurrency; Crypto Dictionary. A Guide To DeFi On The Binance Smart Chain. How To Set Up Your MetaMask Wallet And Start Trading. There are currently 3 CasinoCoin exchanges where you can buy, sell and trade CasinoCoin (CSC) with a total 24-hour volume of $ 1,728.07. You can buy CasinoCoin with and USD fiat currency. CasinoCoin can be exchanged with 2 cryptocurrencies.
Cryptocurrency gambling is experiencing widespread adoption and more users are wishing to use it for their online gaming activities. Some sites offer Bitcoin Gambling while others already offer deposits and withdrawals in various cryptocurrencies and this is something that will continue into 2021.
It’s no longer enough to just offerBitcointransactions on your iGaming site. Some users may want the choice to switch to fiat as well and you should provide the execution of transactions in a variety of different coins such as:
- Etherum
- Litecoin
- Monero
- DASH
- Bitcoin Cash.
Cryptocurrency was once a niche market but it is now widely accepted and adopted. You can be paid in crypto, buy a house with crypto, do your weekly shop with crypto, and of course gamble with crypto. This application of the technology on everyday activities has led to peoples perception of it improving. It is now recognised as something with value, benefits, and that is secure and trustworthy. Incorporating crypto payments into your site is a must, read on to learn why…
The expected rise of Cryptocurrency Gambling
Those that have been seeking a greater level of privacy in their financial transactions have been increasingly drawn to cryptocurrency gambling due to its decentralized nature. Virtual currencies such as Bitcoin, Monero, Ether and various other cryptocurrencies have become increasingly more popular, particularly in the online gambling sector.
As we move into 2021, both players and operators are becoming more aware of the benefits of cryptocurrency gambling. Bitcoin Gambling Casinos and Sports betting platforms which accept crypto payments are successfully using it as a selling point and growing their client base. Additionally, other platforms and startups will show a willingness to adopt cryptocurrency as a valid form of payment.
The increase in its popularity and adoption is due to several factors that are particularly beneficial to the online gambling market. Benefits such as instant transactions, low fees, and anonymity all play a part in the way it is continuing to successfully infiltrate iGaming. This, in turn, is likely to contribute to an increase in players that are drawn to Bitcoin gambling, resulting in an increase in revenue across the board.
Benefits of Cryptocurrency gambling
Cryptocurrency and Bitcoin gambling i
Cost-Efficiency and Low Transaction Fees
From an online gaming license holders point of view, providing crypto payments on your online gambling site also has many benefits. Merchants can often negotiate better rates for conventional payments but still, a big chunk of income is lost on paying fees to payment service providers. But with cryptocurrency payments, things are rather different. Some of the leading crypto payment gateways charge as little as 0.5% which is significantly less than fiat currency competitors. By providing for crypto payments on your site, you can funnel a large percentage of your revenue through a payment method that saves you a fortune on processing fees.
Instant and Borderless transactions
Chances are, your customers will not all be located in one country. Therefore, offering cryptocurrency payments means that your international client base can enjoy instant cross-border payments and transactions. The transaction is completed in a matter of seconds and it’s secure, immutable, and private. The best thing is that even those without a bank account or credit/debit card can send crypto paymentsmaking online purchasing and playing accessible for all.
When you transact in cryptocurrency, you don’t have to wait for it to be processed or clear and you certainly don’t have to pay international fees. Anyone with an internet connection can send a cryptocurrency transactionwhen they want, to whom they want, and for how much they want.
Privacy & Transparency on Cryptocurrency and Bitcoin Gambling
Cryptocurrency transactions all take place on the blockchain– a decentralised ledger that is completely immutable. This means that once a transaction is made, it is permanent and cannot be reversed, edited, deleted, or otherwise tampered with.
This means that the risk of fraud, identity theft and counterfeit payments are significantly reduced. Crypto payments provide both online gaming license holders and players with an extra layer of security.
No chargebacks on Crypto Payments
Businesses bear a lot of losses from chargebacks. This is where a customer makes a card payment, receives the item, and then reports the charge as fraudulent to get it refunded. There are
New technology savvy generations
The market is particularly popular with Millenials whose spending power is increasing as they progress through their thirties. Cryptocurrency payment facilities will allow you to share this forward-thinking and progressive group of consumers and entice them to use your services. Integration of cryptocurrency in your business is a smart move for those looking to engage this market.
Considering all of the benefits above, we can expect to see a significant increase in the number of crypto payments, particularly in the gaming sector, over the next few years. As far back as 2013, Bitcoin gambling transactions accounted for as much as 50% of all Bitcoin transactions. Bitcoins popularity has significantly increased since then. These figures show that incorporating cryptocurrency into any iGaming platform is no longer an option, it’s a necessity.
The cryptocurrency was once a niche market but it is now widely accepted and adopted. You can be paid in crypto, buy a house with crypto, do your weekly shop with crypto, and of course gamble with crypto. This application of the technology on everyday activities has led to peoples perception of it improving. It is now recognised as something with value, benefits, and that is secure and trustworthy.
But it’s no longer enough to just offer Bitcoin transactions on your iGaming site. You need to provide the execution of transactions in a variety of different coins including Etherum, Litecoin, Monero, DASH and Bitcoin Cash.
World’s Finest Crypto Jurisdictions for Cryptocurrency Gambling
When it comes to cryptocurrency gambling, there are two kinds of jurisdiction. The first are those that have created a legal framework to nurture and develop the industry, and those that haven’t. Some operators choose to work in jurisdictions that don’t have the necessary frameworks in place but this is something of a grey area. It can lead to issues with third parties, advertisers, software companies, and banks, as well as potential issues with the authorities.
Fast Offshore recommends only working in reputable jurisdictions that have an adequate structure in place to regulate and oversee the industry. Doing so helps you boost your credibility and stay on the right side of the law. Our top four crypto jurisdictions for gaming are:
Curacao
Curacao is a prime jurisdiction for gaming and crypto gaming startups. They have been in the iGaming business since the mid-’90s and offer one of the most cost-efficient, quick, and simple licensing processes around. In addition to that, they are crypto-friendly and those with a Curacao gaming license are welcome to offer transactions in a range of cryptocurrencies and virtual coins.
Those that opt for a Curacao license for their crypto gaming company can enjoy 0% tax and VAT, quick and straight forward licensing, and a simple setup process with minimal red tape and bureaucracy.
All Cryptocurrency Prices
We tend to recommend Curacao as the perfect jurisdiction for startup crypto gaming companies. The low costs involved in the process in-country means they can prove their concept and get the company in good financial shape before seeking to license in another jurisdiction.
Kahnawake
Kahnawake’s online gambling license comes with a solid reputation. The Gaming Commission is known for its zero-tolerance approach to violations of fair play, underage gaming, or any criminal activity. As such, a license from them carries weight when it comes to negotiating with third parties or setting up bank accounts. They are also welcoming to online gambling companies that want to offer cryptocurrency payments.
The setup costs more than Curacao but significantly less than Malta, ongoing fees are affordable as well. In terms of timescale, everything can be done within a few months. While there is more paperwork to get through when compared to Curacao, there is less than in Malta or other crypto jurisdictions.
Those acquiring a Kahnawake crypto gaming license can enjoy 0% tax rates in Kahnawake as well, meaning there is more liquidity for expanding the business going forward.
Malta
Recently, the Maltese government has taken steps to incorporate crypto into the market. They became the first country in the world to create a comprehensive legal framework for cryptocurrency, blockchain, and virtual assets. Nicknamed “The Blockchain Island”, Malta is home to blockchain startups, crypto exchanges, and several gaming companies that offer transactions in a variety of cryptocurrencies.
The Malta Gaming Authority is by far the most reputable in the world and the license comes with a hefty price tag. But for those with the capital to invest, or established iGaming companies, it is a solid option. The Maltese government is extremely ‘pro-business’ in their approach and there are a wealth of benefits to operating a Maltese crypto gambling company. These include some of the lowest effective corporate tax rates in the EU and access to a highly-skilled, English speaking workforce.
Costa Rica
The Central American country of Costa Rica does not offer an online gambling license. Companies are allowed to incorporate a company where the purpose is online crypto gambling and they are then allowed to conduct activities from Costa Rica. In terms of cryptocurrency, the Costa Rican government is very pro-crypto and supports the growth and development of the industry. Again, they take a somewhat hands-off approach which is great for startups that are finding their feet.
Incorporating a crypto gaming company in Costa Rica does come with some challenges. There may be difficulties. Likely, you won’t be able to get a conventional bank account, which is ok if you solely want to transact in crypto. We recommend launching your platform in Costa Rica, ironing out any issues, honing your offering and then going for licensing elsewhere.
Questions about Cryptocurrency Gambling? Contact Fast Offshore
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Compared to traditional means of payment like Visa, Mastercard, Skrill or Neteller, cryptocurrencies allow players to deposit or withdraw money from a casino at no cost and with the same transaction speed, i.e. instant. Each player who registers on a crypto casino has a deposit address corresponding to the cryptocurrency he chooses, and he can withdraw his winnings on a crypto wallet of his choice.
This is not the only advantage of cryptocurrencies: built on blockchain technology, cryptography enable online casinos to use a betting verification system called “Provably Fair”. This transparent trust system lets players verify the game’s outcome by using a hash function, instead of trusting tests carried out by laboratories or third-party companies. Cheating the players is almost impossible when a crypto casino site uses Provably Fair system.
Bitcoin Gambling Coins
Crypto casino games accept Bitcoin and the most popular cryptocurrencies such as Ethereum, Tether, Ripple, Bitcoin Cash, Bitcoin SV, Litecoin, EOS.
Top 3 casino sites accepting cryptocurrency in 2020
Can You Gamble With Bitcoin
1. Bitstarz Bitcoin casino
Bitstarz is a famous bitcoin casino because of the many winning records that make the headlines in gambling news. The list of Jackpots and Top winners is posted on the Bistarz website. The multiple award casino offers the possibility of converting its BTC to EUR, for players who have trouble with bitcoin. Among the many promotions we can mention the notable welcome package up to 5BTC, and contests to win a car. Free spins are also part of the casino offers. More infos in the Bitstarz review.
Cryptocurrency Gambling Coins Prices
2. Stake Ethereum casino
Stake crypto casino and sportsbook was created by the Primedice team, a pioneer casino in the acceptance of Bitcoin. It inherited the concept of ‘provable fairness’ to prove to players that the results are fair and not manipulated. The unique and neat design gives the immediate feeling of a professional and secure site. The particularity of Stake is the possibility of transferring all or part of its winnings into the safe, which allows to keep its Ether cryptocurrency on the casino without risk of hacking. The forum integrated into the platform has more than 20,000 topics and allows you to keep abreast of new challenges and prizes to win. More infos in the Stake review.
Cryptocurrency Website
3. Cloudbet Tether casino
What makes Cloudbet successful is its reputation and its attractive promotions. To be eligible for the Tether bonus, you must deposit a minimum of 10 USDT. Cloudbet will double your deposit up to 1000 USDT. Other promotions are offered on the sportsbook, esports and casino games. Having not integrated Provably Fair system, Cloudbet however accepts cryptocurrencies and is one of the rare gambling sites to have two licenses ( one in Montenegro and one in Curaçao), putting crypto bettors at ease. More infos in the Cloudbet review.
All Crypto Casinos
The table below lists 13 crypto casinos that are licensed, accept multi coins and offer interesting promotions to the players. All of them have been reviewed.