Cryptocurrency started in 2008 when bankers worldwide decided it was much more interesting to gamble than invest. The difference between the two is subtle because both involve risk and reward. In short, gambling is betting that an unlikely event will occur, while investing is betting that no unlikely events will occur. But who says what is likely and what is not? The excitement of winning against the odds seems to be a clearer way to set apart gambling from office work. From any point of view, the two are best to be kept apart.
Gambling experts are the people to talk to regarding what makes a casino the one everybody should check out or the one to never set your IP address in. Casinos that use Bitcoin and other cryptocurrencies have their pros and cons, as well as special features that separate them from the casinos of the old times. Expert reviews of the best Bitcoin slot sites cover the strengths and weaknesses of each site to help players make the best choice, but it’s a good idea to know what pros and cons you need to look for in online casinos in general.
Gambling requires money to make the game worth the time, and cryptocurrencies were created as an alternative to money. So it was only a matter of time before people developed ways to invest and gamble with crypto. Now everyone knows about crypto and looks for ways to profit from them. However, there’s an important difference between making calculated bets on contingencies and throwing crypto around. Casinos that use Bitcoin and other cryptos need to be checked before they are to be trusted.
Pros and Cons of Popular Bitcoin Slot Sites
The best crypto casinos provide a lot of functionality and try to make sure the customers can easily deposit and take out their cryptocurrency. For example, Mirax Casino, 7BitCasino, and KatsuBet Casino let people use many cryptocurrencies and provide users with the ability to exchange their crypto without leaving the site. Some of them, however, go further and, like Mirax Casino, check their games for fairness, or, like 7BitCasino.com, accept crypto without charges, which is a big deal because any time crypto changes hands, the blockchain itself takes a fee.
Functionality makes or breaks a crypto slots site. The most looked-out-for functionality will be available by the best sites, and it will make them such. On the other hand, if any of it is absent, then the casino you’re looking at may not be the best choice. Here is a list of a few features that define a great crypto slots site:
- Cryptocurrency support of not less than the ten most popular coins
- Exchange of cryptos directly on the site
- Ability to play several games at once
- It should be mobile-friendly
Aside from specific functionality, each crypto slot site will have pros and cons. Moreover, it’s possible to find fault with any site, as long as there’s enough determination, and the fault will usually mean the lack of some pros. Taking a step back, the pros and cons represent the state of the art of the Internet and crypto technology. As such, they are always evolving. Below is a list of pros every respectable crypto and Bitcoin slot site or casino should have in 2023:
- Good customer service
- Operates with a license
- No limit on the withdrawal of funds
- Verification by the Crypto Gambling Foundation
- Good selection of games
- The ability to play a game for free to see what it’s about
- Last but certainly not least, a system of bonuses
Some things elude classification but need to be reviewed. Indeed, whether it is legal for each specific person to gamble or not can hardly be sorted between the pros and cons. Nevertheless, returning to the thin line between gambling and investment, important considerations set apart a recreational gambler and an addict, just as the 2008 financial crisis put some bankers behind bars and provided riches to others.
Important to Know Before Using Crypto and Bitcoin Slot Sites
Betting on a contingency, or when something is unlikely, differs from betting on something that cannot happen. Therefore, many crypto casinos check the games for fairness. Among the best Bitcoin slot sites that do this are Mirax Casino, MetaSpins Casino, mBitCasino, and RocketPot Cassino. Closely associated with the concept of fairness is the question of legality.
It’s one thing that a slots site has a license to operate, but another that a user from a specific country can use. Simply put, many things can be done, and overcrowded prisons prove that. If someone doesn’t know whether it is legal to gamble in their country, it’s a legal question for a lawyer. Interestingly and to the point, a clear mention of the legal implication of gambling distinguishes a good crypto casino from one that doesn’t care.
Lastly, with the rising popularity of crypto slot games, some people went to stream themselves playing, which recently received quite a backlash. The negativity came partly from the addictive nature of games and their availability to minors. However, some crypto casinos take a proactive stance on gambling addiction and incorporate safety features into their inner workings, like BC.game. To summarize, a good crypto casino will not be open after your money but will endeavor to provide a service.
Where to Next?
Gambling experts and casinos can find more info on slot sites. The industry is evolving, and something new can come up anytime. Among interesting new opportunities, the development of sports betting using crypto and blockchain technology generally seems to be on the cards.
Like slot games, investment is characterized by the risk of losing money. Although office gamblers tend to pretend that would be unlikely, it is much more unlikely that they know the future. Cryptocurrency trading seems to be considered by many professional traders closer to gambling than traditional investment due to the complete unpredictability of crypto prices. Perhaps the line between the two is thin, after all.
