Getting started with crypto casinos – A complete guide

Source Cryptopolitan

We have all heard of traditional online casinos and games like blackjack, poker, dice, and more. However, inefficient transactions and a lack of privacy/security are the biggest concerns among players who play games in such casinos. 

Crypto casinos, on the other hand, fuse traditional casinos with DeFi. The result? Fast, efficient transactions, high security, and often no KYC required. For instance, platforms like BETS.IO let you play a huge range of classic casino games using cryptocurrency without an ID—others like BC.GAME lets you sign up for an account with your crypto wallet. At Reels.io, you can use a VPN and earn Reel points for your engagement, which can be converted into $REEL tokens at TGE.

The fact that registration on most crypto casinos takes an instant (all you need is an email) and payouts are instant means that you can play on the go. And since no ID is required, you don’t even have to worry about social stigmas related to online gambling. 

But since the crypto casino narrative is currently hot, many scam platforms have also popped up. As such, users need to ensure they play only at licensed and legitimate cryptocurrency casinos. 

In this guide, we will teach you how to get started with crypto casinos.

Choose a reputable crypto casino.

What makes a crypto casino reliable? Some players may answer, “a wide range of betting options.” But that’s not entirely the case. Most crypto casinos offer seemingly unlimited games, but they lack transparency and efficient payouts. 

There’s no point in risking your money in a casino where the payout is either not guaranteed or delayed indefinitely, with no options for a follow-up. Hence, guaranteed payout (such as on BETS.IO) is the only factor determining whether a crypto casino is legitimate and trusted. 

Fairness and licenses

Imagine going to a casino where every game is rigged in the house’s favor. You can never expect to win in such a casino in the long run. Yes, traditional casinos often create rules to ensure the house wins 70% of the time. 

Even some unlicensed crypto casino platforms have unfair and rigged systems, where the players will always lose in the long run. Such platforms are often hard to distinguish because their flashy designs and user interfaces are similar to those of reputable casinos. Hence, fairness is the first and most important aspect you should consider. 

Additionally, the casino should be licensed. This ensures that the platform has been thoroughly audited and trusted by third-party organizations. Licensed platforms are also less likely to indefinitely hold your deposits or run away with your winnings.

Support for many cryptocurrencies

It is one of the few factors that may not be a big deal for most players, yet it’s a nice addition. If a platform is legit, players often make do with limited support for cryptocurrencies. After all, one can quickly swap crypto using any dex or a centralized exchange like Binance or Coinbase. 

So, support for a wide range of cryptocurrencies is like a cherry on top. It’s not necessary, but it’s nice to have. Crypto casinos like BC.GAME supports coins like BTC, DOGE, XRP, ADA, DAI, ETH, USDT, TRX, POL, and more.  

No identity verification or KYC

KYC (know your customer) is often required in traditional and crypto casinos. Platforms like these often want to collect your real name, home address, government-issued identification documents, phone number, and more. 

However, that goes against one of the major tenets of de-fi and cryptocurrencies: anonymity. Also, most people are uncomfortable providing such details to a casino because they want to keep these activities secret from their friends and family. 

Certain casinos, like Reels.io, continue to uphold user anonymity and allow players to register with just an email address. No other documentation is required to play, win, and cash out.

Generous bonuses

Most crypto casinos offer daily, weekly, or monthly bonuses, including sign-up, deposit, and cashback bonuses. This is a way for them to give back to the player community. 

BETS.IO follows a similar approach and offers incredibly generous bonuses. When you make your first deposit, you can win a 100% bonus for up to 1 BTC and 100 free spins. Similarly, the second deposit gives you 75% up to 1,000 USDT and 75 free spins. There’s more; you can also get 10% daily cashback, weekend reload bonuses, and more.

On the other hand, with BC.GAME, you win a 120% first deposit bonus. On the second deposit, you win a 100% deposit bonus. Similarly, the third deposit gives you a 150% deposit bonus, while the fourth gives you a 100% deposit bonus. Each of the four deposits gives you 100 free spins. There are more bonuses for active players, such as the rakeback program, where players earn bonuses for every wager.

Reels.io offers a 275% deposit welcome bonus of up to $2,000, depending on your first deposit amount. The bonus also includes free spins on pre-selected slots. You have to deposit at least $20 to earn the bonus.

Register at the casino

Most crypto casinos that don’t require an ID have a simple registration step. All that you have to do is provide your email address and set a password, and that’s it. Then, you can make a deposit and start playing games.

In this guide, we will use BETS.IO, BC.GAME and Reels.io, since they are trusted and legitimate no-ID casinos.

Set up a standard crypto wallet like Phantom

The first step is to set up a cryptocurrency wallet. Later, you will connect this wallet to the cryptocurrency casino. As a general safety measure, never use your main wallet. 

Note that your wallet choice will depend on which cryptocurrency you want to use in the casino. In this case, we use the Phantom wallet, which supports Solana, BNB, Polygon, Ethereum, and Bitcoin.

Creating a new wallet specifically for crypto casinos is always recommended, and you should load funds you’re comfortable with losing. This helps prevent compulsive gambling. 

1. Go to the Phantom app and click on “Download for Chrome.” The website will automatically detect your browser and display the relevant download button.

2. Chrome’s web store will open. After that, you need to click on the “Add to Chrome” button to download the Phantom wallet extension to your browser.

3. Click “Create a new wallet” or “I already have a wallet.” In this guide, we will create a new wallet.

4. Enter a password for your new wallet. Then, view and save your secret recovery phrase, and click “Continue.”

5. Click “Receive” to add funds, then choose your preferred cryptocurrency. In this guide, we decided to use Ethereum. Then, copy your wallet address and send funds to it from a centralized exchange like Binance or Coinbase.

Now your Phantom wallet is ready, and you’re ready to make a deposit on BETS.IO and start playing various casino games.

Make a deposit 

BETS.IO

1. Go to BETS.IO and click the “Sign up” button.

2. Enter your email and password to create an account. 

3. Click on the “Deposit” button in the top right corner of the screen, or choose “Buy Crypto” to purchase & deposit in Bets.io directly via Moonpay.

4. Copy your ETH address or choose a different cryptocurrency, and send your funds to this address to deposit them into BETS.IO. Alternatively, choose “Buy Crypto,” add your buy amount, and click “Buy via MoonPay” using a VISA or Mastercard debit/credit card.

BC.GAME:

  1. Go to BC.GAME and click on the “Sign up” button.
  1. Enter your email and password to create an account. 
  1. Click the “Deposit” button in the top-right corner of the screen to purchase and deposit in BC.GAME directly from your crypto wallet.

.

  1. Copy your ETH address or choose a different cryptocurrency, and send your funds to this address to deposit them into BC.GAME. 

Reels.io

  1. Visit Reels.io sign up page.
  1. Enter your email address, password, date of birth, and bonus code (if you have one). Click “Finish.”

  1. Click the “Deposit” button at the top right part of the homepage.
  1. Select the cryptocurrency you wish to deposit. Copy the deposit address displayed and send your funds to this address to deposit them into Reels.io. 

Choose the right game 

Once your deposit has arrived, you can choose your favorite games and start playing. Crypto Casinos offer various games, including casino games, lottery, Original games, and sports betting.

Of course, there is also a vast selection of classic casino table games, including Roulette, Blackjack, and Poker.

There’s also an endless range of slot games, such as Lucky X, Le Pharaoh, Sugar Rush 1000, Gates of Olympus 1000, Big Bass Vegas, Sweet Bonanza 1000, and more. 

After choosing a particular game, wait for it to load. You can choose between “Real Play” and “Fun Play.” In real play, you will be wagering real money or cryptocurrencies. However, in fun play, you won’t be losing anything. 

Hence, the fun play option is great for those who want to try new games and learn to play certain games without wagering real money. 

After loading a certain game (in this case, we’re playing “Gates of Olympus 1000” on Reels.io), all you need to do is set a wager amount and test your luck. However, we recommend playing casino games responsibly to avoid burning your portfolio.

Tips for winning at crypto casinos

Set a budget

Determine how much money you’re willing to spend before you start playing. You should be able to afford to lose this budget. Respect your limit once you’ve established it. This keeps your gaming fun and helps avoid overspending.

Make use of bonuses

Many cryptocurrency casinos offer incentives and promotions. Make sure you utilize these offers to the fullest. Examples of bonuses are free spins, deposit matches, and cashback. They boost your chances of winning by giving you extra money to play with.

Choose a licensed and legitimate casino

Look for no-KYC (Know Your Customer) choices while choosing a crypto casino. There is greater privacy because these casinos don’t require much sensitive information. Make sure the casino has a license as well. A regulated, licensed casino provides a more secure and equitable gambling environment.

Study the games

Spend some time learning the rules and strategy of a game before you start playing. Understanding the game’s mechanics can significantly increase your chances of winning. Make use of the lessons and free game versions that many casinos provide.

Don’t gamble compulsively

Knowing when to quit is just as crucial to successful gambling as winning. Establish victory and loss caps for every session. If you make enough money, you should think about cashing out. In a similar vein, give up once you’ve lost too much. By practicing this, you may keep things under control and resist the urge to chase losses.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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