Gambling dates back many centuries, with dice games discovered to have been around in Ancient Greece and Rome. But it is even more relevant today in the modern world of cutting-edge technology and crypto currency usage.
The thrill of gambling has evidently appealed to human psychology throughout time and bettors now have even more betting choices and gaming experiences. You can now place in-play bets in live sports events taking place around the world from your mobile phone with just a few screen touches.
Casinos first emerged around the 1600s to 1700s, originating in Europe before crossing the Atlantic to North America. One of the biggest milestones in the development of the casino industry was the development of Las Vegas, which is now regarded as the casino capital of the world.
However, just as important as these previous milestones, the availability of digital technology and internet connectivity delivered the biggest progression of all. Online casinos opened up the opportunity for players anywhere in the world with a device and internet connection to play casino games at their leisure.
The online casino industry has experienced massive growth, with a significant increase during the Covid pandemic. Innovations such as live dealer casinos continued the progression and the introduction of crypto currencies has also been a major evolution in the casino industry.
What Are The Commonalities And Distinctions Between Crypto And Other Casinos?
The most obvious commonality between crypto casinos and land-based and traditional online casinos is that they offer players the opportunity to play casino games such as poker, roulette, blackjack and slots, amongst many other game options.
It is estimated that there are over 560 million people who own crypto currency in the world and the number of crypto owners is growing, so the demand for crypto casinos is increasing too.
There are many benefits of choosing a crypto casino over other types of casino, such as faster and more secure payments. Essentially, crypto casino players can experience all the best aspects of traditional online casinos but with some additional bonuses.
Here are some of the main commonalities:
They Offer Fun Wagering Options
Land-based casinos, online casinos and crypto casinos all provide a platform that allows players to access wagering options such as table games and slots. Their purpose is to provide an excitement-driven form of entertainment and the opportunity to win money.
Vast Game Choices
Whichever type of casino you prefer to use, there will be a large choice of games including slots, blackjack, poker, roulette and specialty games. The gaming experience is very similar across the different casino types and with live dealer and VR casinos now becoming standard on digital casinos, the experience of a land-based casino is closer than ever.
Regulations And Licensing
The casino industry has a high set of standards in terms of meeting licensing terms. Legal casinos must comply with requirements across security, fairness and responsible gambling.
How Do Crypto Casinos Differ?
These are some of the main distinctions between crypto casinos and other types of casinos:
Advanced Tech
One of the distinct differences is that crypto casinos are at the forefront of technology and they often use the latest game design solutions, built on modern tech stacks. While some traditional online casinos offer high-quality live dealer production, some online casinos are built with older technology. As crypto casinos are a relatively new addition to the online casino industry, updates and new solutions are regularly implemented to drive continuous improvements to the gaming experience.
Faster And More Secure Payments
Crypto casinos also benefit from faster payment processing, with payouts often clearing in just a few minutes, even with cross-border transactions. With other online casinos, payouts can take days to clear, so crypto casino players benefit from almost immediate transactions.
Blockchain technology also offers advanced security as payment data is not stored in centralized databases.
Better Bonuses
Bettors who register with crypto casinos can access enhanced bonuses that are not available on other casinos. If you compare each bonus casino Canada, you will see that welcome bonuses are generally around 100% deposit match, whereas crypto casino bonuses tend to offer larger matches.
Anonymity
When you sign up with a crypto casino, you don’t usually need to provide as much personal details or documentation for verification. Crypto casinos also don’t have geographical restrictions, so a larger volume of players can access them.
As you can see, crypto casinos provide numerous advantages and as more people start to use crypto, the crypto casino industry is expected to become even more prominent.