Casinos such as Woo Casino that accept cryptocurrencies as a form of payment are called Bitcoin or cryptocurrency casinos. They are interesting for the general population and people invested in the crypto world. Knowing the best cryptocurrencies to use may be a challenge.
Knowing the best cryptocurrency for casinos will ensure you do not purchase the wrong cryptocurrency. By far, Bitcoin is the most popular cryptocurrency for casinos. However, others are quickly gaining popularity.
The list of the accepted cryptocurrencies will vary from one casino to another. Some accept specific cryptocurrencies while others only accept one. The most widely used cryptocurrencies in gambling apart from Bitcoin are:
Any casino that accepts cryptocurrencies should accept one or more from the above list. Take note these casinos will support regular payment and withdrawal methods.
In many ways, cryptocurrency casinos are not that different from traditional online casinos. One of the major differences is the possibility of reaching total anonymity.
For example, regular payments in a regular casino are connected to a person that can be identified easily. Cryptocurrencies have paved the way for anonymous casinos, although their features and number are limited by regulations.
Bonus offers on Bitcoin casinos tend to be limited. This may discourage players from giving them a try. However, they still have offers such as no deposit bonuses. Find out from the casino of your choice if you can use cryptocurrencies. They should give a list of the currencies they accept.
Bitcoin casinos are not different from regular casinos when it comes to game selection. The types and number of games offered will differ from casino to casino. Generally, you can play games such as video poker, blackjack, roulette, dice, and slots. Game selection will vary at each casino. Make sure you check the availability of games before you sign up at any cryptocurrency casino.
The main currency is usually used to play games at cryptocurrency casinos such as Woo Casino. For instance, if the main currency is USD, the casino will convert your cryptocurrency to the current value it has against the dollar.
Some casinos can let you deposit virtual coins and your account will be held using the virtual coin of your choice. Others will only let you deposit and withdraw specific cryptocurrencies. However, they may show your balance in USD instead of the virtual coin of your choice.
Showing the balance in USD is done for the convenience of players. The USD value is refreshed every 5 - 15 minutes, then changed according to the international exchange rate at the time. This ensures the value of the cryptocurrency balance is not influenced by market changes.
This is just a general guide on how cryptocurrency casinos work. Each casino deals with its cryptos in a specific way. Information about virtual coins may not always be listed on the website. Contact a casino's customer support to find the virtual coins they accept and how they are used on their site.