3/16/2022

Crypto Gambling

19
Crypto Gambling 3,7/5 2156 votes

Since the arrival of cryptocurrency in the gaming world, numerous gambling sites have already introduced digital currency as a method of payment.

Nevertheless, several gaming platforms have proclaimed cryptocurrency to be the only accepted mode of payment on their websites.

The explanation for this is the crypto usability index.

2 days ago  Bitcoin and crypto gambling sites have a lot of benefits over traditional online casinos. You get bigger deposit bonuses, less location restrictions, less fees, and safer transactions to name a few.

  • And one of the main areas of growth for this is with gambling crypto. There are some online casinos that specifically accept cryptocurrency. While other casinos from our crypto casino list 2021 accept that alongside other currencies. It gives you a choice to play how you like - gambling crypto.
  • CryptoSkull is a lucrative and addictive minesweeper type bitcoin game. Use our casino faucet to start gambling with free bitcoin!

Transactions involving crypto are swift and efficient with low transaction costs. There is no need to care about the fiat currency exchange rate or the cost.

The uniformity of the cryptocurrency valuation makes it reasonably straightforward to use and retain. With respect to mode of payment, numerous casino sites have embraced Bitcoin as the widely used digital currency.

3 Bitcoin Games To Try Right Now

The most popular gambling games based on Bitcoin are as follows:

Bitcoin Dice

Bitcoin Dice is among the most common and fascinating bitcoin games an online gamble can come across in every online crypto gaming platform. It is similar to the standard dice game, with the only exception being the mode of deposit, which is Bitcoin. The game was created by the creator of Satoshi Dice, a front-runner in Bitcoin casinos. It should be remembered that dice games are purely based on random luck. Therefore, Bitcoin dice is comparatively simple and easy to play.

Some knowledge of basic math would be helpful in tasting success in the game. The rules are straightforward. A gambler needs to choose ‘higher’ or ‘lower’ than pre-determined number and initiate rolling of the dice. If prediction goes right, winning amount will be credited in Bitcoin. As the game is easy to understand, it is one of the most popular games across top online gambling sites accepting crypto as payment.

Another notable aspect of Bitcoin dice is that it provides a very favorable house edge. Several Bitcoin dice platforms work with a house edge of just 1% or even lower than that. Even finding a Bitcoin dice game with a house edge of 0.5% is not a big issue. With a bit of luck and knowledge, a considerable profit can be made in a short-term. It take about 7 seconds for completing a single dice roll, making the game incredible quick. Within a span of one minute, several rolls can be done.

Crypto Gambling

Bitcoin slot

Crypto Gambling

Gamblers will not raise their eyebrows when they are said that slot games are the most popular among online gamers. Distinct theme and ease of use is the main reason for the popularity. Online slots offers an emotional attachment, making the player forget that he is into gambling. Bitcoin, again, is the most popular cryptocurrency for over a decade.

Therefore, a platform offering online games with Bitcoin as mode of payment has become very popular in a short period of time. A wide range of slot games are offered by online casinos. A gambler can choose to play slot machines with an increasing jackpot or simply play without that. All that a slot machine player needs to do is to spin the reel. A huge range of options are provided to online slot players. Many online casinos allow even a bet of one cent and several slots can be played at the same time.

Bitcoin poker

Similar to slot machines, poker is by far the most common card game a gambler can come across on online gaming pages. Casinos even offer players to compete with one another in poker games, devoid of house edge. Bitcoin poker can be regarded as the next level in online gambling domain.

As it has become increasingly difficult to play poker games using fiat currency due to Covid-19 pandemic, there is a huge move towards online poker. Considering the easy, cost-effective and speedy deposits and withdrawals, using Bitcoin to play poker is one of the best options available for online gambler. A lot of money can be made as Bitcoin based poker is relatively new. In online video poker games that accept Bitcoin, gamblers can select their strategies on the basis of shuffled card. It is interesting, but needs a lot of practice, rather than luck, to succeed in it. Once an online gambler understands the nits and grits of Bitcoin based poker game, regular income can likely be created.

We are paving the way towards the future of online gambling by raising awareness about the issues and solutions regarding trust. Supporting the industry with education material and development tools, we are promoting essential practices that should be standard across the industry to provide a completely honest and fair gambling experience.

There is a serious need to lower the trust required between players and casino operators. One of the biggest concerns that plagues the industry is the distrust that has evolved from unreliable auditing processes. Provably fair algorithms solve this issue by providing completely transparent and verifiable ways to facilitate the generation of true randomness. From rolling a dice to picking a card from a deck, provably fair algorithms guarantee that all actions conducted during a game are completely legitimate, genuine and available for everyone to audit.

If you would like to learn more about the technical workings of provably fair algorithms, you can download the whitepaper.

We want to encourage the growth of the industry by supporting better practices. We believe in treating users with respect and decency, and we want to promote those who embrace that approach.

Identity protection and privacy is of the highest concern within our evolving online world. We firmly believe that everyone has the right to complete security and privacy of information. We do not want to endorse any entity that neglects the importance of keeping their data safe and secure.

Reputation is something that is heavily scrutinised over in the online gaming industry. We want to promote those who are dedicated to not only building a strong reputation, but also developing strategies to maintain and potentially improve on current practices.

We want to prioritise the well-being of all players. Gambling should provide a form of entertainment without exploitation. We encourage the development and promotion of responsible gambling initiatives to provide support for those who need it.

Crypto gambling

Want some more information about provably fair or to get in touch with the CGF Team? Fill out the contact form and we will do our best to get back to you in a timely manner.

Crypto Gambling Reddit

The Crypto Gambling Foundation prides itself in the verification and promotion of genuine true fair gambling operators. Through our processes and strict ideologies, players can know that the operators are running a completely transparent gambling experiences, and operators can not only evaluate their operators and coding, but also benchmark their practices with those industry leaders who are paving the way for the future of online gambling.

To be a verified operator by us, means that we have evaluated the provably fair algorithm built into these providers platform to be true and fair. As a player, it’s always best practice practice to also test and verify the fairness of your bets regularly to ensure further integrity checks.

Announcing our partnership with The Bitcoin Strip!

In recent months, the team here at the Crypto Gambling Foundation (CGF) have been working tirelessly behind the scenes to improve operator standards, whilst developing our brand and expanding our…

Benchmarking true provable fairness

Crypto Gambling With Faucet

With the crypto gambling industry constantly evolving, it can be easy for operators to fall behind with the latest innovations and optimal implementations. This is an understandable setback when it…

Luckygames.io – The monarch of manipulation?

You read that correctly. Luckygames.io are in a position where they can easily manipulate the result of your bet.Luckygames are currently preaching that they are a provably fair online gambling…

What is CGF?

Bitcoin gambling has been revolutionary to the gambling industry on so many levels. With low barriers of entry this has enabled people to create new & successful games which have changed the scene.

Most importantly however Bitcoin gambling brought along the concept of true fairness also known as provably fair. Before this mean of ensuring security of players, players had to trust that casinos & gambling software providers were not manipulating outcomes.

With this approach casino owners have created a tainted image for online gaming. Thanks to some early adopters of this new approach to online gambling we started to see a shift in ideology. 2013 brought along positive press of this change and the concept of this newly found fairness.

Crypto Gambling Coins

Mission & Vision Statement

We believe that gambling should be fair and transparent for all involved parties! The only way to ensure this is using provably fair algorithms thus removing the need to trust a third, and sometimes unknown, source. Provably fair is today the only way ensure true fairness and trust making it impossible to manipulate bets and outcomes.

Crypto Gambling Legality

The CGF’s vision is that the gambling industry is 100% fair and transparent. Only by creating a completely fair and transparent arena you’re able to mitigate all issues of trust. We will work diligently with all our members to promote fairness, transparency and trust within crypto gambling.