If you’ve ever played in an online crypto casino before, you have most likely come across many different casino types – and I don’t just mean in regards to the casino’s website design or the types of games they have to offer.
This type of crypto casino is a pretty straightforward one. Just as the name suggests, a mostly fiat casino is a casino that accepts both crypto and fiat currencies as a payment option, but it puts an emphasis on fiat cash like USD, GBP, EUR, etc.
The first online casinos that appeared did not even have the option to offer crypto since the first cryptocurrency, Bitcoin, only came around in 2008 and was not used until about a year later.
Usually, you can tell that a casino is mostly fiat when they display their promotions and bonuses or tournaments in fiat currencies. Another thing that may point to the fact that a casino leans more towards fiat is something you will see as you register; do they have mostly crypto or mostly fiat currencies for you to choose as your starting currency? If it is the latter, chances are that they put more emphasis on fiat.
By playing at a particular casino for a while, you will quickly get the feeling for whether it favors crypto or fiat. The answer essentially comes down to which type of currency prevails, although there are definitely such casinos out there that do a great job at balancing both.
A hybrid type of online casinos is arguably the most prevalent one, and this comes as no surprise since it combines the best of both worlds. Offering both crypto and fiat payment options gives players more variety and it is also a great option for those who may be more skeptical about crypto and have yet to dip their toe into the world of Bitcoin.
This type of crypto casino is, to no one’s surprise, the exact opposite of the previously mentioned one. As the name reveals, a mostly crypto casino accepts both crypto and fiat currencies as deposit and withdrawal methods, but puts an emphasis on cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and many, many more.
One of the signs that can let you know if a casino is mostly crypto is if they display their promotions and bonuses in cryptocurrencies (Bitcoin remains the most popular one). You may also notice that a casino leans more towards crypto when you register; if they offer you mostly cryptocurrencies for your starting currency, this can be another indicator that a casino is mostly crypto.
Either way, you will quickly get the feeling for whether your casino favors crypto or fiat – just play there for a while and see which type of currency they prefer to mention in their promotions or on their website in general. It comes down to which type of currency prevails.
It will not shock you to learn that crypto only casinos accept only cryptocurrencies as payment methods. This is a type of casino that has become more popular in recent years, their popularity rising along with the hype for Bitcoin and other cryptocurrencies.
The number and variety of different cryptocurrencies that you can use to make your deposit and withdraw your winnings varies from website to website, but this type of casino is great for Bitcoin and other crypto enthusiasts, as well as for those who are looking for a reason to get into the world of crypto. There are many reasons as to why gamble with Bitcoin – we list a few in our article if you have ever wondered why crypto is so popular at online casinos.
Some casinos will make a point of being ‘the best Bitcoin casino’ out there, while others may focus on providing their users with as many crypto currency payment options as possible in order to broaden their user base and appeal to more players who already have a preferred crypto coin that they like to use.
But one thing is certain: Crypto was made especially for the online environment and this makes it perfect for online games and gambling. Cryptocurrencies are often favored by players who appreciate safety, anonymity, and quick transactions, as these are the key qualities of crypto.
These are the types of crypto casinos that use blockchain technology for their services.
Here’s how it works: When you make a bet in a game, your bet gets sent to the casino’s server and the server also records your bet in a blockchain. The server then calculates the multiplier for your bet according to the random number generator result and sends the appropriate response back to your browser. What happens on the blockchain can be viewed, and this is where the idea of provably fair games comes from.
2017 was roughly the year when first blockchain casinos started to appear. Their concept was different to their predecessors; blockchain casinos had (and still have) features such as:
Since blockchain casinos typically don’t have thousands of games or lucrative bonuses, they usually promote how many cryptocurrencies they accept, how fast their software is and how quick their transactions are. This way they can appeal to the crypto community very well. However, nowadays many blockchain casinos do in fact come closer to ‘regular’ crypto casinos and have started to expand their services by including games from other providers, as well as adding more bonuses and promotions.
Some blockchain crypto casinos may also have their own coins or tokens, which you can read more about.