Crypto Casinos vs Traditional Casinos: The Key Differences
To say the gambling industry continues to evolve would be an understatement. One of the products of the industry’s evolution is crypto casinos, also known as cryptocurrency casinos or Bitcoin casinos. There are many ways in which the world of crypto has embraced the thrills and mechanics of traditional gambling, and it was only a matter of time before online casinos answered by adopting these decentralized currencies as a payment method.
Aside from the evident fact that these online gambling platforms accept cryptocurrencies, several other characteristics set crypto casinos apart from traditional online casinos. This article takes a look at the many key differences between crypto casinos and traditional casinos, taking note of the differences in promotions, currency, security and variety of games available.
Promotions
Deals and promotions are a significant part of all casino play; many keen gamblers will look for the best online casinos with offers on bonus.ca or search for the top gambling houses with competitive reward systems in person. Traditional casinos typically add loyal patrons to a longstanding reward system where in time they can win anything from exclusive event invites to luxury suite packages. It’s also common for these casinos to have a tiered loyalty program in which players vow to ascend through the ranks, collecting rewards as they go. On the other hand, crypto casinos often attract new players with attractive cryptocurrency bonuses. Given how the value of Bitcoin can change, these bonuses can become significantly more plentiful over time.
Currency
The difference in currency and transactions is arguably the largest differentiator between these two gambling types. Traditional long-term players will no doubt be familiar with the stacks of chips and cash used in brick-and-mortar sites, while online players will also be used to using several different transaction methods like debit cards or PayPal. When it comes to cryptocurrency casinos, players can instead play with Bitcoins and other altcoins like Ripple, Ethereum and Litecoin. There are many notable perks from crypto transactions, namely the lack of need for intermediaries which can make the process of crypto gambling quick and instantaneous.
Security
Security and regulations regarding traditional casino sites have always been subject to scrupulous review. These places need to adhere to strict licensing norms to avoid penalties and keep players’ trust — not to mention maintain fair practice. Given what happens inside these brick-and-mortar sites, casinos often rely heavily on on-ground security like well-trained security personnel and state-of-the-art camera systems, too. Since Bitcoin casinos are still relatively new, regulatory frameworks are still being established; many regions have embraced this new type of gambling platform, while others are still wary. On the whole, crypto casinos are generally considered safer than traditional casinos as advanced encryption protocols safeguard sensitive user data. There’s also the addition of two-factor authentication which provides an extra layer of security.
Variety of Games Available
Being able to play your favorite game while gambling is unsurprisingly at the top of most players’ priority list. However, the game variety varies significantly in these two casino types. In a traditional casino, you’re likely to find crowd favorites that involve in-person interaction with the dealers themselves, like blackjack. There’s also a big push to mandate fairness certifications for these casino games, and third parties will regularly test algorithms to ensure unbiased gameplay. On the other hand, Bitcoin casinos will usually have a more extensive number of games available — great for players looking to try something new. This is thanks to the digital nature of this casino type, which can offer more than just crowd-pleasers in one handy place.
There are many differences between traditional and cryptocurrency casinos, and this article has highlighted just a few. When choosing between these two types, it helps to think about the differences in promotions, currency, security and variety of games available, before commencing play. The most important part is to remember to always gamble responsibly.