Here’s What You Need To Know About Cryptocurrency In Slots Gambling

Pinterest LinkedIn Tumblr

Cryptocurrency is everywhere and there’s never been a better time in the history of blockchain for investors to get massive returns. Just like traditional currency, cryptocurrency can be used anywhere, transactions on e-commerce platforms and offline purchases are just a few of its use cases.

The love for decentralized currency continues to grow, consequently, digital assets like Bitcoin are being embraced by major corporations around the world. The gambling industry as a whole has been one of the early adopters of cryptocurrency which has benefitted it massively today.

With that being said, in this guide, we will explore how you can use your digital assets to indulge in slots online and maximize your wins.

What is Cryptocurrency?

Cryptocurrency is a digital currency created using computer code that runs on a decentralized network, this system is known as blockchain technology. The virtual currency is secured using cryptography making it impossible to commit fraud. Only permissioned users can access the blockchain network which leaves no room for bad actors and makes the data immutable. Another factor responsible for this is that data on the network is validated by a series of computers and similarly the information is stored across these computers.

Cryptocurrency can be used to make purchases online, make bets, or for trading. This is done using software known as a digital wallet which serves as a utility to manage your assets. Hardware wallets that store cryptocurrency also exist, however, both serve the same purpose.

The popular cryptocurrencies are Bitcoin, Ethereum, Tether, USDC, and Binance Coin. Bitcoin is the largest cryptocurrency in the space with a market cap of over $1200 Billion, second is Ethereum in that respect. There are other cryptocurrencies and tokens as well which don’t have a gaudy market share of BTC but are still used by many.

Cryptocurrency in Slots Gambling

Many online slot platforms now support betting with cryptocurrency, allowing players to spin the reels using their digital assets. Since cryptocurrency prices fluctuate, some slot sites offer a way to lock in the value at the time of deposit. This is done by converting players’ cryptocurrency to USD, for example ETH to USD, when depositing and back to cryptocurrency when withdrawing, ensuring the bet value remains stable during play.

This is achieved by converting users’ cryptocurrency into USD at the time of deposit and then back to their cryptocurrency when cashing out/withdrawing. This allows gamblers to bet without worrying about movement in the price of the assets during their gambling sessions.

Since there is no intermediary (bank, financial institution) involved in the blockchain network, the transaction process is very swift and low-cost. Most Bitcoin deposits and withdrawals happen within minutes every day of the week. Gamers can cash out their winning instantly, without any trouble, and move on to other games dynamically. The low-cost transactions save a lot of money that would be otherwise spent on paying credit or debit card fees.

Cryptocurrency also removes geographical barriers for slot players. Gamblers worldwide can access licensed offshore online slot casinos with no additional costs, creating a level playing field for all.

Best Crypto Slots

As stated earlier, you can play on an online platform with cryptocurrency, slots are one of them. Being one of the oldest casino games, online slots are an evolved version of their physical counterparts. Created by software developers, virtual slot machines offer exclusive features found only in online casinos. This includes its support for cryptocurrency, free rolls, big rewards, and more than one way to win the coveted jackpot prize.

With so many crypto slots out there, there are a few that stand out due to their innovative gameplay features and rewards. Nowadays, players can indulge in real money slots online just as they would enjoy them at an arcade or a brick-and-mortar casino.

With that said, here are some of the most popular online slots in the market:

10 Times Vegas

10 Times Vegas is modeled after the classic 3-reel slot machine, however, it has a modern twist in both gameplay and graphics. It features 3 pay lines and allows a minimum bet of $0.09. The slot has a wild multiplier feature that can reward you up to 100x your original bet.

777 Deluxe

777 Deluxe slot has 5 reels and 3 rows, a modern version of nostalgic slot games, it features a unique pay-anywhere mechanic. The slot has a mini-game that is required to play to qualify for its jackpot prize. Like other 5 reel slots, it has multipliers and boasts a responsive design.

A Night With Cleo

A Night With Cleo is an Egyptian-themed progressive jackpot slot known for its “Mature Content.” It is designed 5 x 3 (5 reels, 3 rows) format with 20 fixed pay lines. This is a very popular slot game with huge win potential and allows for flexible bet amounts.