Seven Top Tips for Gambling at Online Casinos with Bitcoin
Become a Better Bitcoin Bettor with Our Guide
There is more to playing at Bitcoin casinos than simply signing up, making a deposit, and keeping your fingers crossed for a big win. Like everything betting with Bitcoins can have its pitfalls and its perks. However, there are steps you can take to avoid the beartraps and become a better bettor. Allow us to introduce you to seven handy tips. You’ll want to jot these down or commit them to memory if you want to prosper. So, what insight can we share with you in this guide? Read on to find out more.
Tip #1: Choose Casinos That are Licensed and Secure
The first mistake Bitcoin bettors tend to make is that they sign up at any cryptocurrency casino without doing their due diligence. You may want to familiarise yourself with terms such as RNG-certified and Provably Fair. You should choose licensed and certified casinos, those that are regulated and secure. Fortunately, at BTCGOSU, we’ve got plenty of resources to help you do that. One of the best ones is our selection of recommended casinos. Read our reviews to ensure that you know everything about a Bitcoin casino before you decide to sign up there. By taking this step, you can rest assured that you’re playing at fair crypto casinos that won’t take you for a ride.
Tip #2: Understand the Value of Bitcoin
Understanding the value of Bitcoin is essential if you want to become a smart cryptocurrency casino player. For instance, some crypto casinos exchange your Bitcoin deposits into fiat currency for gameplay (wagering) purposes. How do you know that you’re getting a fair exchange rate? Is the minimum deposit limit too high, and are the withdrawal limits too low? The only way you can know this for sure is to get a good understanding of Bitcoin’s value compared to popular fiat currencies and what the limits tend to be at conventional fiat casinos.
Tip #3: Familiarize Yourself with Bitcoin’s Volatility
This should go without saying, but many amateur Bitcoin bettors aren’t truly aware of the level of volatility that goes with playing with Bitcoin. Casino gambling is already a risk, and if you are blissfully unaware of the volatility associated with BTC, you could be in for a shock. Betting with Bitcoins during periods of instability is essentially the same as gambling (taking a risk) twice. Learn to understand patterns in Bitcoin’s volatility. For instance, purchase BTC on “good days” when its value has dropped and only play on days when Bitcoin’s value is high. This will allow you to squeeze every last bit of profitability out of the cryptocurrency when gambling.
Tip #4: Don’t Be Afraid of Responsible Gambling Tools
Many cryptocurrency casino players overlook the responsible gambling tools that they have at their disposal. They may automatically assume that responsible gambling tools are for players that are in trouble. This isn’t the case. They are there to stop you from ever-developing problems in the first place. Don’t fear using them. Moreover, we recommend that you do so from the start. Don’t be afraid of setting deposit limits and wagers caps or having timely reminders (reality checks) inform you of how often you’ve been playing. Histories can also provide you with detailed stats on how much you’ve deposited, wagered, and won or lost. These tools can help you keep an informed mind on your gambling activities.
Tip #5: Choose Casinos That Offer Bitcoin-Friendly Games
The very term “a Bitcoin casino” can have several meanings. For instance, did you know that not all BTC casinos permit you to wager with cryptocurrency? Some only accept Bitcoin as a deposit option, instead of converting your BTC deposits into fiat currency for gameplay. If that doesn’t sound ideal to you (and it isn’t), don’t play at those casinos. Read our reviews to ensure that you can bet on games with BTC, too. Many of today’s top software providers have gone the extra mile to ensure that you can actively bet with Bitcoin on their games. This is something you should take full advantage of, so don’t settle for anything less.
Tip #6: Even BTC Bonuses Have Terms and Conditions
Nowadays, many BTC casinos work in largely the same way as their fiat casino counterparts. This means that their bonuses and promos are similar. For instance, you may be able to claim more money with Bitcoin bonuses than you could hope to get with fiat welcome packages, but there will still be terms and conditions to deal with. Moreover, some bonuses (at those casinos where you can’t wager with BTC but can deposit with the cryptocurrency) may only offer bonuses in fiat currencies. Always read the terms and conditions of any bonus you think about claiming. Most top crypto casinos are bound by licensing and regulation to be transparent with their terms and conditions but don’t be naïve. Take the time to read through them just to be sure. Wagering requirements, for instance, should always be capped at 40x or lower – never higher.
Tip #7: Do Your Homework
Before you rush off to start betting at Bitcoin casinos, allow us to offer you some parting advice. Try to leave as little chance as possible. Of course, when it comes to casino games, the use of algorithms and random number generators means that chance is the name of the game. However, there are things you can do to ensure that you only play top games. These include:
- Choose games that appeal to you. Don’t play a slot you don’t like the look of just because it has great features. Boredom and frustration are more likely to set in if you’re playing a game that you don’t connect with.
- Check the RTP rates and volatility levels of each game before you decide to play them. Games with low RTP rates should be avoided. Volatility levels are a personal choice but find casinos that offer a decent mix of them.
- If you want to play via your mobile, ensure that the games offered are mobile-optimized.
- It is okay to use strategies (such as Basic Strategy in blackjack). You’ve got nothing to lose by doing so.
- Read our slot reviews and play slot games for free (in a demo mode) before committing to them. This way, you can get a heads up on what each game offers before you wager your Bitcoins on it.
- If you’re going to play homebrew games (in-house titles that don’t come from the most established providers), ensure that they are Provably Fair beforehand.
- If you like the look of a game but are disappointed with one aspect of it, shop around. There are thousands of crypto-friendly games out there. There’s bound to be an alternative from a rival provider that is near identical, but that has got features, themes, prizes, or wagers that remedy the thing you disliked about the original game.
Do Win-Defining Slot Specs Really Matter?
We have frequently talked about the appeal of slots on BTCGOSU, and anyone that reads…
What Is Self-Exclusion & What Type of Self-Exclusion Programs Exist?
Even though it is common for articles on gambling addiction to casually state that only…
What Are Metaverse Casinos & How Do They Work
Last October, the internet’s favorite android, Mark Zuckerberg, announced the looming launch of the Metaverse,…
Gaming Licenses – All You Need to Know
Okay, so we have noticed some talk about casino licenses in our Bitcointalk BTCGOSU thread,…
A Short Guide to Crypto Mines
The phrase provably fair and crypto games go hand in hand. As likely everyone checking…
What Does Provably Fair Gaming Mean?
Anyone who has read more than a dozen online casino articles or so likely knows…