We have all heard of traditional online casinos, and games like blackjack, poker, dice, and more. However, inefficient transactions and a lack of privacy/security are the biggest concerns among players who play games in such casinos.
Crypto casinos, on the other hand, fuse together traditional casinos with de-fi. The result? Fast and efficient transactions, high security, and often no need for KYC. For instance, platforms like bets.io let you play a huge range of classic casino games using cryptocurrency without an ID.
The fact that registration on bets.io takes an instant (all you need is an email) and payouts are instant means that you can play on the go. And since no ID is required, you don’t even have to worry about social stigmas related to online gambling.
But since the crypto casino narrative is currently hot and trendy, a lot of scam platforms have also popped up. As such, users need to make sure that they are only playing in licensed and legitimate cryptocurrency casinos.
In this guide, we will teach you how to get started with crypto casinos.
Choose a reputable crypto casino
What makes a crypto casino reliable? Some players may answer, “a wide range of betting options.” But that’s not entirely the case. Most crypto casinos offer a seemingly unlimited number of games but they’re lacking when it comes to transparency and efficiency in payouts.
There’s no point of risking your money in a casino where payout is either not guaranteed, or delayed indefinitely with no options for a follow up. Hence, guaranteed payout (such as on bets.io) is the only main factor that determines whether a crypto casino is legitimate and trusted.
Fairness and licenses
Imagine going to a casino where all the games are rigged in the favor of the house. In such a casino, you can never expect to win in the long run. Yes, traditional casinos do often create rules to ensure that the house wins 70% of the time.
Even some unlicensed crypto casino platforms have unfair and rigged systems, where the players will always lose in the long-run. Such platforms are often hard to discern because their flashy designs and user-interfaces are very similar to the reputable casinos. Hence, fairness is the first and most important aspect that you should look into.
Besides that, the casino should also be licensed. This ensures that the platform has been thoroughly audited and trusted by third-party organizations. Licensed platforms are also less likely to indefinitely hold your deposits or run-away with your winnings.
Support for many cryptocurrencies
It is one of the few factors that may not be a big deal for most players, yet it’s a nice addition. Provided that a platform is legit, players often will make-do with a lack of support for cryptocurrencies. After all, one can quickly swap crypto using any dex or a centralized exchange like Binance or Coinbase.
So, support for a wide range of cryptocurrencies is like a cherry on the top. It’s not necessary, rather nice to have. Crypto casinos like bets.io support various coins like BTC, DOGE, LTC, XRP, ADA, DAI, BCH, ETH, USDT, TRX, BNB, and more.
No identity verification or KYC
KYC (know your customer) is often a requirement in traditional casinos, and crypto casinos. Platforms like these often want to log your real name, home address, government identification documents, phone number, and more information.
However, that goes against one of the major tenets of de-fi and cryptocurrencies, which is anonymity. Also, most people are not comfortable providing such details to a casino, as they want to keep such activities a secret from their friends and family.
Certain casinos like bets.io, continue to uphold user anonymity, and allow players to register simply with an email. No other documentation is required to play, win, and cash out.
Generous bonuses
Most crypto casinos offer certain bonuses on daily, weekly, or monthly time-frames. There’s also sign-up bonuses, deposit bonuses, cashbacks, and more. It’s a way for them to give back to the community of players.
Bets.io follows a similar approach, and offers incredibly generous bonuses. When you make your first deposit, you can win a 100% bonus up to 1 BTC and 100 free spins. Similarly, the second deposit gives you 75% up to 1,000 USDT along with 75 free spins. There’s more, you can also get daily 10% cashbacks, a weekend reload bonuses, and a lot more.
Register at the casino
Most crypto casinos that don’t require an ID have a simple registration step. All that you have to do is provide your email address, set a password, and that’s it. Then you will be able to make a deposit and start playing games.
In this guide, we will be using bets.io since it’s a no-ID casino that’s trusted, and legitimate.
Set up a standard crypto wallet like Phantom
The first step is to set up a cryptocurrency wallet. Later, you will connect this wallet to the cryptocurrency casino. As a general safety measure, never use your main wallet.
Note that your choice of wallet will depend on which cryptocurrency you want to use in the casino. In this case, we are using the Phantom wallet, which supports Solana, Base, Polygon, Ethereum, and Bitcoin assets.
It is always recommended to create a new wallet specifically for casinos, in which you should load funds that you’re comfortable with losing. This helps prevent compulsive gambling.
1. Go to Phantom.app and click on “Download for Chrome.” The website will automatically detect your browser and provide you the relevant button for download.
2. Chrome’s web store will open, after which you need to click on the “Add to Chrome” button to download the Phantom wallet extension to your browser.
3. Click on “Create a new wallet” or “I already have a wallet.” In this guide, we are going to create a new wallet.
4. Enter a password for your new wallet. Then view and save your secret recovery phrase, and click on “Continue.”
5. Now click on “Receive” to add funds, then choose your preferred cryptocurrency. In this guide, we chose Ethereum. Then copy your wallet address and send funds to it from a centralized exchange like Binance or Coinbase.
Now your Phantom wallet is ready, and you’re ready to make a deposit on bets.io and start playing various casino games.
Make a deposit
1. Go to bets.io and click on the “Sign up” button.
2. Enter your email and password to create an account.
3. Click on the “Deposit” button in the top right corner of the screen, or choose “Buy Crypto” to purchase & deposit in Bets.io directly via Moonpay.
4. Copy your ETH address or choose a different cryptocurrency, and send your funds to this address in order to deposit them into bets.io. Alternatively, choose “Buy Crypto,” add your buy amount, and click on “Buy via MoonPay” using a VISA or Mastercard debit/credit card.
Choose the right game
Once your deposit has arrived, you can choose any of your favorite games and start playing them. Bets.io has a wide range of games to offer, including Original games like Avia Fly, Bubbles, Chicken Road, Coin Flip,Crash, Cryptos, Diver, and a lot more.
Of course, it also has all the classic casino table games like Roulette, BlackJack, Poker, 1bet, 5bet, 7bet, DoubleX, and a lot more.
There’s also an endless range of slot games such as Lucky X, Le Pharaoh, Sugar Rush 1000, Gates of Olympus 1000, Big Bass Vegas, Sweet Bonanza 1000, and a lot more.
After choosing a particular game, wait for it to load. You can choose from between “Real Play” and “Fun Play.” In real play, you’re going to be wagering real money or cryptocurrencies. However, in fun play, you won’t be losing anything.
Hence, the fun play option is great for those who want to try out new games and learn to play certain games without wagering real money.
After loading a certain game (in this case, we’re playing “Gates of Olympus 1000” on bets.io), all you need to do is set a wager amount and then test your luck. However, we always recommend playing casino games very responsibly to avoid burning out your portfolio.
Tips for winning at crypto casinos
Set a Budget
Determine how much money you’re willing to spend before you start playing. You should be able to afford to lose this budget. Respect your limit once you’ve established it. This keeps your gaming fun and helps avoid overspending.
Make Use of Bonuses
A lot of cryptocurrency casinos provide incentives and promotions. Make sure you utilize these offers to the fullest. Free spins, deposit matches, and cashback are a few examples of bonuses. They boost your chances of winning by giving you extra money to play with.
Choose a licensed and legitimate casino
Look for no-KYC (Know Your Customer) choices while choosing a casino. There is greater privacy because these casinos don’t require a lot of sensitive information. Make sure the casino has a license as well. A regulated, licensed casino provides a more secure and equitable gambling environment.
Study the games
Spend some time learning the rules and strategy of a game before you start playing. Gaining an understanding of the game’s mechanics can greatly increase your chances of winning. Make use of the lessons and free game versions that many casinos provide.
Don’t gamble compulsively
Knowing when to quit is just as important to successful gambling as winning. Establish victory and loss caps for every session. If you make enough money, you should think about cashing out. In a similar vein, give up once you’ve lost too much. You may keep things under control and resist the need to chase losses by practicing this practice.