Slots are the most beloved casino game across the board. It’s an easy game to figure out and to play. The players don’t need to be heavily engaged with the gameplay and can still win. If you’re lucky enough, it can also pay out big.
This article will go in-depth about why you should play slots with crypto instead of traditional fiat currencies. The basics of the gameplay are very similar if not the same, but some unique advantages come out of using crypto in particular.
Why Play Slots in The First Place?
Regardless of the payment options you’re using, slots are a compelling game, and that’s why it’s so popular. The game is based on luck alone and with the online versions of the game- the outcome is determined by a random numbers generator.
This also means that each version of slots has a clearly determined return to player rate. These statistics clearly show how much of the funds the player has invested, they get back in the long run. Such transparency allows the players to choose a slot game based on their chances.
Fast Payments
One of the most noticeable advantages of using cryptocurrency slots is the speed of payments. The deposits and withdrawals made with BTC are instantaneous. That’s because there are no banks or other financial structures and the funds are simply transferred to and from an e-wallet.
This can be a downside, however, for those players who keep adding funds to their casino account in order to chase the losses after a few bad spins. Casinos offer a way to lock your account after you’ve reached a stop loss you’ve set up previously. It’s a good way to prevent irresponsible gambling.
Smaller Fees
The fees that the players pay when withdrawing or depositing funds to and from a casino account are smaller when using cryptocurrencies. Since there’s no bank or other financial institution to pay, the only expense comes from maintaining the servers needed to run crypto. This is an especially useful advantage for those who are betting small amounts.
BTC slot games have limits as to how much you can withdraw in a single session, day, or month, but there are such limits for betting with traditional fiat currencies. The limits for withdrawing BTC, however, are always somewhat smaller.
Transparency
Cryptocurrency slots are more transparent and open about the odds than those that make payments in traditional fiat currency. The terms of the bet are written into the cryptocurrency code itself. That way, the players can make sure the bets are fair and what their odds are. Open-source code is one of the reasons tech-savvy players prefer BTC casinos in general.
Even players that aren’t able to figure out the code themselves can easily find the transparent data online as crypto slots are reviewed by experts, who provide such data. It helps with slots played online and by players from all over the world – such transparency is what it takes to build trust.
Anonymity
Slots played with crypto provide the players with anonymity online. There’s no need to provide any personal information in order to make and receive payments in Bitcoin. There’s no bank or card involved and the funds are transferred from an e-wallet to a casino account.
Some casinos have started to implement a “know your customer” policy, and there are players who aren’t happy about it. A player needs to provide an ID to register for such a slot game, but the casino won’t share this data with a third party.
Secure Payments
Payments made with Bitcoin are safe and secure. Blockchain presents an immutable ledger of transactions. Therefore, once the transaction is made, there’s no way to change it, and the players receive their winnings instantly. The payment is also easy to track in case it was made by accident.
However, since BTC payments are made using the code written into the blockchain itself and the player needs special keys in order to access the funds – there’s little chance of a mistake. Most BTC slots also have customer support systems in case something goes wrong.
Accessible Worldwide
Not all countries allow online gambling, and therefore slot games can’t be played everywhere. However, by using a VPN, players are able to access slot sites based abroad regardless of where they are based. This still presents a problem when the time comes to withdraw your winnings.
Cryptocurrencies are available worldwide since they don’t need the services of a central bank to operate. The use of BTC slots, therefore allows the players to bet regardless of where they are and what their local regulations are. In some countries, the winnings made this way are still taxed once the player receives it.
Variety of In-Game Bonuses
Crypto slots provide a variety of different in-game bonuses. There are some bonuses with every slot game, but those that are played for fiat currency are based on luck and function as a jackpot. Bonuses that are available in BTC slots are mini-games more similar to computer games than to casino ones.
These games are based on skill, and the terms of the game are also written in the blockchain code. They can be used to add more funds to your slot account, or they can function as bonuses and multipliers, allowing the players to increase their winnings.
Crypto Bonuses
BTC slots also offer bonuses that are specifically made for players who bet in cryptocurrencies. This is especially the case with those slots that can be played for smaller and less popular cryptocurrencies, but it’s sometimes available in those that work in Bitcoin and Ethereum. These bonuses usually come in the form of a direct deposit for new accounts or as a deposit match.
These bonuses come with wagering requirements as well, so they are not just free money offered in a crypto form. The players need to bet some of their own funds to withdraw these bonuses.
Value of a Cryptocurrency
Cryptocurrency doesn’t have a value determined by a central bank. Instead, its value is determined by the market, and it’s sometimes volatile. All of the major cryptocurrencies have proven to go up and down over the years, but in the long run, they are on a steady incline in value.
This means that the amount you’ve won from slot games can increase in value as the value of the BTC increases. Players can use their winnings as any other currency or they can use it as an investment and wait for the BTC value to rise on the exchange market.
Conclusion
Cryptocurrency slots are a game of luck, just as the slots played for fiat currency. The outcome of the game is determined by a random number generator, and there’s no way for a player to affect the result. However, there are a few advantages that come from using cryptocurrency as a payment method.
The payments made this way are fast and secure, and there’s a need for players to provide a personal ID in order to sign up for such slots. Some slot games also provide additional bonuses to players using crypto, and the value of your winnings can increase as the value of a BTC coin does.