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Crypto Casinos: Do They Provide Higher Winnings?

Bitcoin casinos have grown in popularity in recent years, providing unique features and benefits.

Crypto Casinos
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Are you curious whether crypto casinos deliver higher payouts than FIAT casinos? A question that many people have been asking lately. While it is true that crypto casinos offer faster transactions and increased anonymity, it is essential to understand the differences between crypto and FIAT casinos before jumping to any conclusions about payouts.

How do Bitcoin Casinos Differentiate?

Let's preface crypto casinos and how they differ from traditional FIAT casinos. Purely crypto casinos accept digital coins as payment methods. Among the most popular currencies are Bitcoin, Ethereum, and Litecoin. These casinos offer a range of games, including slots, table games, and live dealer games, just like traditional casinos. These sites provide very similar game selection as FIAT casinos. Quality crypto casinos sometimes offer their collection of in-house games, adding an extra spice for players looking for a novelty. Crash, Dice , Plinko, and Keno are the most famous originals among crypto gamblers.

However, using cryptocurrencies means that transactions are faster and more secure, and players can enjoy increased anonymity. The most significant difference lies in the process of funding a player's balance.

Return to Player

So, do crypto casinos provide higher payouts than FIAT casinos? The answer is complex. While some crypto casinos may offer higher payouts on specific games, this is only sometimes true.

The payout percentage of a casino is determined by a range of factors, including the type of game, the rules of the game, and the casino's policies. To understand this problem, you must know the RTP (return-to-player) percentage. It represents a part of the wager that goes back into players balance in the long run.

The exact game on two different sites should have the same RTP, but sometimes casinos can modify the settings and change the payouts further in their favor. That would impact your results significantly. If the casino displays the statistics, always compare the RTP numbers and go for the higher number.

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crypto casinos

Bonuses

The second mechanism that will impact the overall payouts is bonuses and rewards. Different gambling sites run various VIP programs; thus, the compensation will vary. Calculate the potential bonuses to know which casino gives back to players the most.

To maximize returns on your gambling activities, check several sites and their bonus programs before playing. Either claim the deposit bonus or focus on crypto sites that give away a cashback or rakeback in recurring paybacks.

Also, if you wager large quantities, compete for the top positions in leaderboards. Wager races can deliver a decent amount of bonus funds. Stake runs a daily competition for $100K; everyone is welcome to join. It doesn't matter if you win or lose.

Provably Fair Gambling

Provably fair gambling is a revolutionary concept that enhances transparency and trust in the world of online casinos. Mainly, crypto platforms utilize this system to improve their credibility and to attract more new players.

By leveraging blockchain technology, which is inherently immutable and decentralized, provably fair gambling ensures that all gaming outcomes are openly verifiable and tamper-proof.

Players can independently verify the fairness of each game without having to trust the casino's word. The benefits of such a mechanism are multifaceted. Firstly, it instills confidence among players, attracting a broader audience to the platform. And secondly, it safeguards against fraud and manipulation, eradicating doubts about rigged games. This transparency fosters a stronger relationship between players and casinos, promoting loyalty and retention.

Crypto casinos often create and run these Provably Fair games in-house. That ensures lower overhead costs and enables operating the games with unmatched high RTP %.

All while remaining anonymous.

Non-regulated Market

However, there are also some risks associated with crypto casinos. Financial authorities do not regulate them, meaning there is a higher risk of fraud and scams. They also have lower limits on withdrawals and deposits, making it difficult to manage your finances if you get lucky and hit a big win.

Always verify the casino's reputation from credible sources.

Conclusion

In summary, crypto casinos are online gambling platforms that accept cryptocurrency as payment. They use blockchain technology to ensure fair and transparent games. In many instances, you will be able to receive higher payouts with crypto casinos, but it's not a rule.

Stick to Provably Fair and high RTP % games to increase your potential winnings and ensure the randomness of the results.

While they offer several advantages over traditional fiat casinos, they also have some risks.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.