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Blockchain in gambling – how does a crypto casino differ from a standard online casino?

Written by:
Payton
Published on:
Apr/21/2022

In recent years, the world has seen the rapid growth of the cryptocurrency market, which inevitably affected the iGaming industry — blockchain casinos are now in trend.

As a rule, as the popularity of a product grows, operators and other market participants have more and more questions for developers. 

Does a blockchain casino differ from standard gambling platforms in terms of development? This was the question the editorial team of SIGMA Magazine had for Yury Filipchanka, Managing Director of Slotegrator. The short answer is that there are no formal differences. 

The only real difference is the payment solution. Crypto casinos must support deposits and withdrawals in cryptocurrencies such as Bitcoin, Ethereum, etc. Some casinos base their platform entirely on blockchain, and offer only blockchain games, but technically, any casino that takes payments from a crypto wallet counts as a crypto-casino,” — commented Filipchanka. 

The operator can choose one of two options for launching a crypto casino:

  • An online casino that supports both fiat and cryptocurrencies;

  • A blockchain casino that only accepts payments from a crypto wallet. 

More and more operators are choosing the first option. This gives them the opportunity to reach a wider audience and increase the loyalty of existing customers. Slotegrator, a developer of gambling solutions with 10 years of experience, fulfills their request through the Moneygrator solution, which integrates more than 250 payment methods — in both fiat and cryptocurrencies. 

Slotegrator has built a widespread network of reliable partnerships, which today allows you secure access to various bank branches around the world. Game projects usually attract players from multiple markets, so international and local payment solutions in different countries are available for Moneygrator users. The solution supports processing of multicurrency payments and bank cards (VISA, MasterCard, American Express, etc.). A player can use electronic money, credit cards, vouchers, mobile money, and cryptocurrencies (Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, and others).

With Moneygrator, the online casino offers plenty of options. The variety of payment instruments available to the user allows him to enjoy gameplay without thinking about how best to conduct a transaction. 

 

Benefits of Using Cryptocurrencies in iGaming 

Blockchain casinos are the future of online gambling — it's not just a short-time trend. Popular operators have long accepted the idea of ​​integrating cryptocurrencies into their platforms and, among other payment instruments, players can make deposits, for example, in bitcoins. 

Bitcoin casino users are guaranteed financial security, anonymity, and high transaction speed. There are no third parties in payment transactions, and the possibility of fraud is excluded. Players value the transparency that comes with decentralized public records. 

The lack of control over cryptocurrencies offers new opportunities without restrictions and conditions not only to players, but also to operators. Cryptocurrencies are safe, transparent, legitimate, and popular with the audience — a modern operator understands this and finds opportunities to implement a payment instrument on its platform. 

Slotegrator provides a quick launch of a blockchain casino with integrated gaming content and payment systems. Adding games to the platform takes place in one integration. The bonus module allows the operator to set up loyalty programs to retain users, and business intelligence helps to control the operation of the business using effective tools for its optimization. 

 

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