Bitcoin casinos are on a rise
Just like online casino the casino’s where you can wager with crypto are rapidly increasing popularity. According to data of the popular casino platform Softswiss the usage of crypto in their online casino’s gained 10% share compared to same period last year and grabbing 40% share in 2021.
Interesting side note: the growth of the usage of crypto in the sportsbook of Softswiss not not so big. Punters tend to bet less with crypto compared to gamblers in the casino.
The crypto casino provider sales doubled in the course of last year. The sum of bets they faced grew from 3.3 bln euro in January to 6.5 bln euro in December 2021. The growth is mainly driven by new markets. Markets were traditional online casino’s are prohibited like Japan, Brazil, Argentina, India and Tunisia.
ATH increases interest in crypto casinos
According to Google Trends data the popularity of Bitcoin casino’s is driven by the crypto price. When reading all time highs the interest in btw casino’s grows massively.
While during periods of a low price the interest in gambling with bitcoin is much lower. The lower the btc price, the less gambling with cryptos.
Bitcoin most popular crypto to wager
In the share of crypto payments in the casino’s bitcoin is the most dominant with 86% share. Second most popular crypto is ethereum with 6% share. Litcoin closed the top 3 with 3,5% share.
But compared to Q2 of 2021 BTC loses share in favo
Punters in the sportsbook use different crypto’s to wager their bets. In the sportsbook Litcoin is the most popular coin to bet.
Why are crypto casinos so popular?
There are several reasons why gambling with Bitcoin is very popular. Main reason might by the anonymity. Since in most bitcoin casino’s you can play and win money without providing too much information about yourself.
Especially In countries where casino’s are forbidden crypto casino’s are on a rise since. It’s impossible to backtrace bets set in a crypto casino to a certain person.
Provably fair games
Besides the privacy much people appreciate crypto casino also offer games where gamblers verify the fairness of the game they played.
Instead of a pseudorandom number generator creating the outcome of a game with provably fair games the outcome is generated by the generator combined with a players seed to determine the outcome of a spin. This seed is set by the player itself which ensures the casino’s not able to control the outcome.
Compared to normal casino’s Bitcoin casino’s offer a huge casino bonus. Crypto casino have less payment costs compared to normal casinos who pay a huge transaction fee to their payment providers which enables bitcoin casino’s to offer their new and existing users a huge bonus!
Especially in countries where bonuses are prohibited by law people are looking for illegal casino’s to get additional money on their deposits.
Unfortunately for the gamblers there is a transaction fee on payouts in orde to transfer the money to their account. This fee is related to the coin price at a certain moment.
But compared to an normal casino the crypto casino’s have a super fast payout. In a matter of seconds the payout is transferred to your coin wallet and you can celebrate your win with your friends right a way.
Most popular games in crypto casinos
The most popular games in crypto casino’s are not so different from normal casino’s. In the top 3 games you might recognize some popular games from the normal casino’s.
- Sweet Bonanza
- Book of Dead
- Fire in the Hole xBomb
The candy crush like slot games from Pragmatic Play, Sweet Bonanza is popular in every online casino. So not a big supreme this game get a lot of spins in the bitcoin casino. It offers the gamblers a huge win-patention of 5.000x their stake.
Having Book of Dead on 2nd position in this list is also not a surprise. Book of Dead ripoff from the other very popular slot game Book of Ra and has a very similar gameplay like the very popular slot.