The Capital
Published in

The Capital

Fun Facts About Crypto Casinos

If you are looking to spice up your hobbies, you don’t have to look further than crypto casinos. These online platforms function similarly to traditional web-based casinos. Still, they allow you to use cryptocurrencies to play fun games.

And speaking of fun, crypto gambling platforms come with a sheer amount of entertainment. Besides the various table games you can play, these websites also provide exciting prizes, thrills, chills, and funny background stories. Here are some of them!

1. The First Bitcoin Gamble Was a $500M Pizza Order

Today, Bitcoin is the most popular cryptocurrency worldwide and a long-term investment opportunity for many. However, the king crypto was largely anonymous within the first few years of its life, from 2009 to approximately 2014.

This obscurity allowed early BTC users to experience many mishaps and miscalculations. The most famous one happened to Laszlo Hanyecz, who in 2010 decided to pay for a Papa John’s pizza order with Bitcoin. Back then, BTC was worth close to nothing. So, his bill amounted to 10,000 bitcoins. The man was happy enough to pay for two pizza pies with new “digital money” without considering his short-sighted mistake.

If Hanyecz had made the same transaction a decade later, he would have had to pay around $500 million for the two pizzas. The moral of the story is that you should always pay for stuff responsibly, whether Italian food or playing a table game at a crypto casino. When your bill exceeds several thousand dollars, you might want to consider if the long-term inflation will transform you into the next Laszlo Hanyecz.

2. Bitcoin Casinos Give Real-World Rewards like World Cup Tickets

When you play with crypto at a Bitcoin casino, you can withdraw your winnings in cryptocurrency and fiat money. But that’s not the only way to win big at a crypto casino. In fact, you can gain real-world prizes, such as tickets to various events.

One such promotion comes from Bitcasino, a popular crypto gambling website offering tickets to this year’s World Cup in luxurious packages. The platform organizes a raffle between June and September, rewarding three lucky players with tickets to a last-16 game, a semi-final, and the grand final.

The winners will also be able to bring a guest and together enjoy all the benefits of the World Cup VIP Experience. These include a trip on a luxurious yacht, meet-and-greet dinners with match ambassadors, business class flights, and 5-star accommodation in Qatar.

Furthermore, Bitcasino is rewarding 25 other random players during the three-round raffle event with mouth-watering prizes, including iPhones, iPads, Airpod Max headphones, and USDT rewards. So, if you’re looking to bag more than coins at a crypto casino, you might want to check out this exclusive offer.

3. You Can Only Use about 1% of All Cryptocurrencies to Gamble

Most crypto casinos offer versatile deposit and withdrawal methods, including dozens of cryptocurrencies. Some websites even allow you to pick from nearly 200 digital assets to play casino table games. However, that represents only a mere 1% of all the cryptocurrencies out there, which some estimate to be around 20,000.

Undoubtedly, your best choice to play with crypto at an online casino is using a popular cryptocurrency, such as Bitcoin, Ethereum, Tether, Litecoin, etc. Unfortunately, your portfolio may not have any of these digital assets. In this case, you should opt for a crypto gambling platform that provides the most diverse deposit options.

The sheer amount of existing cryptocurrencies can be daunting to many. However, they shouldn’t overwhelm you. Like Facebook or Twitter accounts, many of these digital assets are dead. There are millions of social media accounts of dead people or users who lost interest in the platforms, and you can visit them anytime.

The same goes for crypto assets, which some developers started but never finished the projects. Other such cryptocurrencies did not gain any market traction or community support. Therefore, they drowned in a sea of anonymity, where they will most likely remain for an eternity.

So, the next time you’re adopting a new crypto-asset, make sure it has the potential to attract plenty of holders. This way, the coin will gain more popularity and use cases, and even crypto casinos can include it in their offers of deposit options.

4. Crypto Casinos Can Be Extremely Safe and Fun

Playing with Bitcoin at a crypto casino may seem like an audacious thing. However, that could not be farther from the truth. Most crypto gambling platforms operate under the same licenses as regular fiat casino websites. Furthermore, they employ several security standards and procedures to ensure the entire user experience is safe and fair.

For example, some casinos use KYC (Know Your Customer) and AML (Anti Money Laundering) procedures to prevent fraudulent activities. Moreover, they use third-party accreditation services, ensuring that they comply with fairness regulations. A few crypto casinos practice high RTP (Return to Player), enabling people to gain higher rewards than most crypto casinos.

On this solid basis of security, most crypto casinos build a “wonderland” of slots, table games, and other fun activities. You can play all your favorite casino games or discover new ones, including Roulette, Blackjack, Poker, Baccarat, slots, etc.

Lastly, crypto gambling platforms allow you to deposit in your cryptocurrency of choice, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), and Tether (USDT), among many others. Alternatively, you can withdraw funds in these cryptocurrencies or fiat money to increase your wealth.

Crypto casinos are increasingly popular thanks to their high level of security and the many winning opportunities. Of course, playing with crypto at an online casino becomes even more exciting when you add the chance to win real-world prizes. As a result, it’s no surprise that crypto gambling is among the favorite pastimes of crypto holders everywhere.

Disclaimer: This article is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only. Readers should do their own research. The Capital is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Capital

The Capital

A publishing platform for professionals to see what’s trending in business, finance, and tech