What is a Bitcoin Casino? How They Work and Key Features

This detailed guide will walk you through the nitty-gritty of Bitcoin casino, how it works, its specifications, and a lot more.

Table of Contents

Bitcoin is no longer a buzzword, but Bitcoin Casino surely is.

Crypto casinos have gained traction as players gradually transition from fiat currency to cryptocurrency.

With the launch of Bitcoin in 2009, crypto casino solutions have redefined the online betting landscape. At present, there are over 2000 crypto wagering platforms, making them likely a preferred choice among players.

Operators see this as a lucrative business opportunity to earn substantially. Apparently, the demand for white label crypto casino software spiked too.

Nevertheless, some people aren’t aware of this golden industry and wonder, what is a crypto casino?

An Overview of a Bitcoin Casino

As the name suggests, bitcoin casino refers to online wagering where cryptocurrency is used to place bets. Sometimes, other cryptocurrencies are also used as a payment method for deposits, withdrawals, and wagering.

Bitcoin casinos operate similarly to traditional casinos, but instead of using fiat currencies like USD, EU, etc., they use Bitcoin as a primary form of currency. These platforms are integrated with unparalleled features of blockchain technology to provide fast, secure, and anonymous transactions.

What is Bitcoin Casino Software?

Top-notch Bitcoin Casino Software

Just like companies need a website to operate a business online, Bitcoin Casino needs software or an online platform to operate. Also referred to as a crypto casino solution.

iGaming software providers or companies offer pre-built casino platforms allowing minor tweaking. Turnkey crypto casino software – one of their offerings facilitates quick entry to the market i.e. in less than a month.

They handle every aspect of crypto platform operations and a variety of other digital currencies based on their popularity.

A full-suite crypto iGaming solution offers an integrated chain of products and advanced features. They seamlessly support the entire online betting ecosystem. What does it include? Here is a list:

Payment gateways
Crypto-compatible games
Robust security protocols
24/7 technical support
Player analytics
Casino affiliate program

How Do Bitcoin Casinos Work?

As mentioned earlier, crypto casinos operate just like traditional casinos but they use cryptocurrencies as a medium of betting and transactions.

Does that mean their working process is the same? Not really.

Initially, players have to create an account using email and password ➩ deposit bitcoin into their casino wallet ➩ use it to place bets on different games like poker, slots, roulette, blackjack, etc. ➩ Transactions are quickly processed and players can withdraw their winning amount in bitcoin.

Note: Cryptocurrency can be converted into fiat currency if desired/ required.

Key Features of Bitcoin Casino Software

Must-have Features in Bitcoin Casino

A software product is nothing but a bunch of features(good or bad) put together, right? Below is the list of crucial features of a robust and top-notch crypto casino solution.

1) Cryptocurrency Payments

Cryptocurrencies are digital currencies that players can use to play online. They operate in a similar manner as fiat currencies, through wallets or gateways. Compared to fiat currency, transactions in crypto are typically faster with lower or no processing fees.

2) Provably Fair Games

Crypto iGaming platforms, especially the ones built on blockchain, offer provably fair game features. This feature allows users to verify the fairness of each game outcome, ensuring that the games are not deceptive. The transparency boosts trust between the operator and players.

3) Worldwide Accessibility

Saying crypto is a universal currency wouldn’t be wrong. It simply means anyone on the internet can wager on the casino or sports betting websites from anywhere. With this, it eliminates the challenges related to currency exchange rates and international transfer issues. Without a second thought, users from different regions can play on the same platform.

4) Fast Transactions

Unlike traditional currencies, cryptocurrency casinos are known for their fast and secure transactions.

Here is how – deposits are usually credited within a few minutes and withdrawals are processed quickly. Not only does the fast transaction enhance the players’ experience but also allows them to manage their funds swiftly and promptly.

5) Intact Security

When it comes to security, one can blindly trust cryptocurrencies and wager online. Because security is robust here. Do you know why? Because some cryptographic protocols at play make it extremely difficult for hackers to manipulate or steal funds. Sounds crazy, right?

How to Choose a Bitcoin Casino Software Provider

Choosing the right Bitcoin casino is as important as choosing a home to live in. Since players want a safe gaming environment, it’s crucial to pick the provider that abides by all the rules and factors such as:

1) License & Regulation

When picking a white label crypto casino software, it’s crucial to ensure licensing and regulation to offer a safe gaming experience to players. Licensed casinos mean they are abiding by the regulations. Thus, safeguarding players’ rights and promoting a fair gaming environment.

2) Robust Security Features

Having strong security features in crypto casinos protects players’ funds and personal data. Therefore, go for casinos that offer SSL certificates, two-factor authentication, privacy protection, secure payment gateways, etc. It will allow players to enjoy the game with confidence.

3) Bonuses & Promotions

Bonus and promotions are the bait that lure existing and new players. Choose a Bitcoin casino that offers bonuses like welcome bonuses, free spins, loyalty rewards, reload bonuses, etc. Look for promotional features as well like tokens. This will enhance your players’ gaming experience.

4) Multiple Crypto Support

There are multiple cryptocurrencies available in the world. Thus, it’s good to choose the cryptocurrency casino software that supports multiple cryptocurrencies like BTC, Ethereum, Litecoin, and Bitcoin Cash.

5) Back Office/PAM

Back office or Player Account Management allows operators to manage multiple players’ KYC activities, players’ profile management, and bonuses & promotions under the roof.

Which is the Leading Bitcoin Casino Software Provider?

As the iGaming industry is growing at a fast pace, a lot of Bitcoin casino software providers have emerged in the market. And, operators often ask a question – who is the best Bitcoin casino software provider?

PieGaming is the global leader in the sector.

As a leading and reliable Bitcoin casino software provider, PieGaming is the #1 choice of entrepreneurs in the iGaming industry.

The company builds and designs Turnkey, White Label, and Crypto Casino Software with the latest tools that enable businesses to accelerate growth and enjoy success. The best part, they offer their in-built PAM module for easy player management.

Many small and large enterprises have achieved their goals of establishing a successful online casino with PieGaming. Crypto casino from PieGaming ensures the following:

Fast and secure transactions
Multi crypto options
Quick & easy setup
Wide gaming catalog
Worldwide customer base

Way Forward

In summary, bitcoin casinos have evolved over time and gained so much popularity due to their exceptional pros like privacy, security, fast transactions, etc. That’s again one of the reasons why many traditional gambling platforms are considering a crypto casino integration – which is, indeed, a great move!

That being said, choosing the right crypto casino solution is significant in offering the best gaming experience to the players and building an empire in the iGaming industry 😉.

Contact PieGaming For Top-Notch Crypto Casino Solutions

FAQs

What makes a great crypto casino?

There are various key features that make a great crypto casino including a variety of games bonuses & promotions, multiple payment options, privacy & security, and great customer support.
How do I start a Bitcoin casino business?

To start your own crypto casino business, you first need to procure a gambling license from a regulatory body, partner with a software provider, integrate Bitcoin as a payment option, ensure high-level security, and provide great customer support.

Is Bitcoin gambling legal?

The legality of crypto gambling depends upon the jurisdiction of a particular country. In countries or regions where online gambling is legal, crypto gambling is likely permissible. However, one should be aware of the laws and regulations pertaining to online gambling platforms.
What are the best crypto casino software providers?

The market is full of software providers however some of the best crypto casino software providers are PieGaming, Odds Gate, Monotech, Frently, and Slotegrator. You can pick the one based on your business requirements.

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What is a Bitcoin Casino? How They Work and Top Features

Monika Gola

Monika Gola is a seasoned writer at PieGaming specializing in the iGaming industry. With years of experience, she delivers insightful content on trends, innovations, and strategies in the online casino domain. Monika's work is known for her clarity and depth, making complex topics accessible and easy to understand to a wide audience. Explore the world of iGaming through her engaging and informative content.