ALTCOIN GUIDE - altcoin casino guide
This guide covers many interesting topics about your favourite altcoin casino such as: what they are, what they offer, how they are better (or worse) than Bitcoin and many more. You will also learn how to get a hold of some altcoins and the types of games you can play with them.
What is an altcoin casino?
The term altcoin applies to all cryptocurrency coins that are not Bitcoin. The “alt” in altcoin stands for alternative. So what is an altcoin casino? All casinos that accept any other cryptocurrency in addition to Bitcoin as a payment method. There is a high chance that you will not find the same altcoins at all altcoin casinos, since there are so many of them, however there is a chance that they will include some of the more popular or common ones such as Ethereum, Ripple and Litecoin.
If you have a great variety of altcoins, we recommend these casinos since they cover many various cryptos. In addition, all of them cover casino AND sports betting, but our best recommendation is definitely BC.Game since it has by far the best offer.
BC.Game allows their users to choose from one of the largest altcoin selections among crypto casinos – they accept over 70 altcoins!
How do they work?
As their popularity rises, altcoin casinos will help make your gambling experience better by introducing you to various payment methods. Some altcoin casinos even feature additional fiat payment methods such as dollars and euros, and the chance to purchase altcoins right there at the casino. However, if your casino does not feature the option to purchase altcoins on site, you will have to buy them on one of the online exchanges like Binance.
Why use an altcoin casino?
Altcoins and Bitcoin have a number of advantages when it comes to the overall usage of the currency. Cryptocurrency is typically used by players who wish to maintain a certain level of anonymity, since altcoins are not centralised. They are decentralised, meaning that they are not controlled by one single entity.
In addition, making transactions with altcoins is way faster than it is with regular fiat currencies and it usually takes less than an hour, depending on the network congestion. On the other hand, traditional currencies via bank transfers can sometimes take even a couple of days.
Having a portion of your assets stored as altcoins can also be considered an investment since the market regularly fluctuates and you can earn quite a bit of profit if you time your investments correctly.
Another important aspect, a true benefit to altcoins and cryptocurrency as a whole, is security. Blockchain is considered to be one of the most secure transaction systems in the world, which is what many players are looking for when deciding to pick a currency; they want the security and anonymity that comes with it.
On top of the outstanding security, altcoins’ fees are super low when compared to Bitcoin, except for Ethereum and some currencies that have been built on the Ethereum blockchain. They might have higher fees since the fees depend on the blockchain’s mechanism and the congestion of the network, but overall the cryptocurrency network strives to make fees as low as possible in order to keep the currency scalable.
How to choose your altcoin casino?
Altcoin casinos are becoming increasingly more popular every day – and with popularity comes diversity. You can consider a couple of things when deciding which altcoin casino to pick.
One of the main reasons to consider is the number of games and the type of games that casinos provide. Most altcoin casinos feature slots and if this is what you are looking for you will find plenty of entertainment at just about any altcoin casino. However, if you are searching for a specific game or type of game that is less common you might have to sift through a couple of altcoin casinos in order to find it.
Why choose an altcoin casino over a Bitcoin casino?
There are a couple of differences between altcoins and Bitcoin, the main one being that the term altcoin refers to all cryptocurrency besides Bitcoin – the alternative cryptocurrency. There is quite a variety of different altcoins out there with various prices, ranging from a couple of cents to a couple hundred dollars per coin. The main differences that might prompt you to use altcoins instead of Bitcoin are the fees and the transaction speed of the blockchain that the altcoin is native to.
At a very popular altcoin casino you will find cryptocurrencies such as BTC, ETH, BCH, USDT, LTC and DAI. There is even a chance that it will contain Dogecoin since this crypto has gained quite a bit of popularity over the years. There are even some less notorious coins like Ripple, BNB, Eos and Tron.
Like regular casinos, your favourite altcoin casino typically features bonuses in the form of welcome packages or even no deposit bonuses and special promotions. Bonuses and promotions are a thing to consider when deciding which altcoin casino to pick, because they vary from casino to casino.
In addition, crypto casino bonuses usually offer a lot more and often come with more pros than fiat bonuses, which is always a plus!
How to buy altcoins to gamble online
There are three ways that players can go about it when purchasing their favourite altcoins.
The first option is to buy them beforehand on an exchange like Binance and then transfer them to the casino. This takes a bit longer, especially if you are a new user who doesn’t know that much about altcoins or cryptocurrency yet. You have to create an account on a totally different platform, which can be rather complicated for new users.
But if you already know your way around altcoins you might prefer this option, since you probably already own some crypto.
This brings us to the second option. Users can also purchase altcoins straight from the online casino and this saves them a lot of hassle mentioned above. On the other hand, transactions made by banks typically take way more time and usually come through the next day if the buy requests are not placed early enough.
Your third option is to acquire altcoins via various different payment providers such as MoonPay, CoinsPaid, Neteller, ecoPayz, Jeton, Neosurf, Skrill and even via paysafe card. These methods can be found at the majority of the casinos, however not all of them support all the options. With the exception of paysafecard, the process itself is similar to the first option where you have to already have an existing account with some assets in order to purchase altcoins. However, it still takes a lot more time to receive the funds into your casino account.
There are a couple of game types that you can find at pretty much every altcoin casino. These games are fun and require varying amounts of skill and strategy in order for you to win.
There are also many other types of games that might even be a standalone version, meaning that there is no other like it. They still support altcoins, but they can only be found at specific casinos. Here, on the other hand, is a description of the more popular ones for which we can safely say that they are available at almost every altcoin casino.
In terms of complexity crypto roulette comes right after slots. At crypto slots you only have to pick your bet, while at crypto roulette you have to pick your bet and the bracket that the roulette ball is going to fall into.
Crypto crash is one of the simpler games. All you have to do in order to win is bet on at what point the multiplier will crash.