Well, online casinos are the internet-based versions of traditional ones which allow you to play games from anywhere, and crypto casinos are those that let you deposit and withdraw crypto currencies. Some casinos accept both cryptocurrecies as well as fiat currencies like USD, EUR, GBP etc, and some are only dealing with cryptocurrencies like Bitcoin (BTC), Litecoin (LTC) and/or others.
Why Play at Casinos with Crypto Currencies?
Players find it advantageous to play using crypto currencies as popularity with old school fiat currencies have decreased over the years, and the demand for decentralized monetary systems increased. ‘Cryptos’ are available 24/7 (no need to wait for your bank to process it), and you don’t need to carry it around with you like paper or plastic. More and more places are starting to accept cryptos, making them a great way to pay for goods or services.
If you’re looking to play in a crypto casino, you should familiarise yourself with the term ‘Provably Fair’ which is a mathematical algorithm used by many online casinos for the purpose of fair play.
The algorithm used is to ensure that all results of the bets are totally random and therefore cannot be hacked by anyone to give a guaranteed outcome. From the players’ perspective, casinos should not be able to prevent players from ever winning, and from the casinos perspective, certain players should not be able to influence the outcome over other players. All of them should have an equal chance to win the games. This is why any crypto casino that offers provably fair games can be considered more trustworthy as a result and these are the best ones to look for when you want to gamble online.