How Do Bitcoin Casinos & Fiat Online Casinos Compare?
Bitcoin bettors may notice a large difference between a casino that only takes in Bitcoin and one that accepts both the digital currency as well as other fiat payment options. What makes the real money and Bitcoin casinos different is not just how the website looks.
Each casino has its own terms when it comes to various aspects of its products and services. This includes the security it offers as well as the games it has in its library. However, not all players see the similarities and differences of these two kinds of casinos at a glance. To help online bettors, here are the core features of both casinos worth looking at.
Banking methods and transactions
The most noticeable aspect of a Bitcoin-only gambling site and one that accepts different currencies are its banking methods. Online casinos and sportsbooks that take in different currencies might require players to use a third-party wallet like NETELLER in order to make bets with Bitcoin. Other iGaming sites might only accept Bitcoin deposits but will require its players to use wire transfer to make a withdrawal.
Bitcoin-only casinos, on the other hand, make it easy for digital currency owners to make a deposit and withdrawal. Players can send in Bitcoin via a digital wallet and vice versa without using a third-party service. This feature is not exclusive to Bitcoin casinos only. There are multi-currency casinos that use the services of a Bitcoin payment service like Cubits that allows the website to support both deposit and withdrawal of the cryptocurrency.
Another factor that draws people to Bitcoin-only websites is how it requires little to no personal information for a player to sign up. In fact, gambling sites like Bitcoin Games do not even require its players to sign up in order to begin betting. Since anyone can buy Bitcoin without using any personal information, players can make wagers anonymously on these websites.
In contrast, some multi-currency casinos and sportsbooks often require players to enter some personal details like full name, address, and phone number. On the other hand, there are gambling sites that require players to provide a working email address only—some of these can even be personal email addresses dedicated to online betting.
Online casino games
A slightly defining factor between a Bitcoin-only and multi-currency casino is its games. Multi-currency casinos often provide games from software providers like Betsoft Gaming, Microgaming, and Evolution Gaming. An iGaming site might also have a sportsbook or other gambling activities due to the platform that it is running on.
There are selected Bitcoin casinos, on the other hand, that offer proprietary games and software. SatoshiDice for example, which became MegaDice recently, began with a proprietary Bitcoin dice game. Still, most Bitcoin casinos now offer the high-quality games from popular game content providers.
What makes these games attractive is its uniqueness. While most casinos might have the same games as the other, Bitcoin casinos offer something different. Choosing the correct Bitcoin casino software and game content providers is important. On the other hand, a proprietary game often does not have the same production value as the games from top software providers. Proprietary games are only sought for the gameplay and not its graphics.