Gambling is a lot of fun. Players usually visit an online casino site in search of the next rush, the thrill and excitement of betting against and leaving the online casino as a winner. Whether it's blackjack, roulette or poker, we've seen them all! But any serious gambler knows that the true test lies in playing video slots.
However, a very common question comes up: How to play slot machines online with cryptocurrencies? Even if you've read some of the most comprehensive guides and reviews, you'll never really know how to easily play with cryptocurrencies online, mainly because of the complicated nature of these guides.
Luckily, we have prepared a one-minute guide to give you all the information you need about slot machines online and how you can easily play with the new cryptocurrencies online and win real money.
Playing Slots with Multiple Cryptocurrencies
Bitcoin is not the only cryptocurrency that can be found in casinos today. Bitcoin Cash, Dogecoin, Litecoin and Ethereum are also popular among casino visitors. However, these altcoins are not found in every online casino and Bitcoin usually is. Do note that Bitcoin and altcoins can fluctuate significantly in value. Profits made one day can evaporate the next.
What Are the Advantages of Gambling With Bitcoin?
Bitcoin is different from traditional currencies in several ways. For example, it is decentralised, which means that no third party is involved in any transaction. A payment is made directly from person to person without oversight by a financial institution. Also, with a cryptocurrency like Monero, your privacy is guaranteed. In addition, Bitcoin transactions are fast and secure and the underlying blockchain network is public. This means that anyone can see what transactions have taken place.
How to Bet With Cryptocurrencies - How to Make Your Bet in the Slot
There are two important steps involved before you can start playing a slot game with crypto. They are as follows:
- You set the amount you want to bet. In every slot game, there are the maximum and minimum bets. For example, from 1 to 50 coins. That means you can bet 1 bitcoin or 50 bitcoins or anything in between on each spin. Of course, the higher the bet amount, the higher the returns.
- The next step is to decide how many paylines you want to activate. As mentioned above, most slot games give you the option to choose the number of paylines you want to activate. You then need to multiply this by the total number of bitcoins. You will spend 0.09 bitcoins on each spin if you play with 0.01 coins and activate 9 paylines.
Once you have made these two important decisions, you can start. The only other important decision remains whether you want to manually click the "Spin" button to start, or whether you prefer the game to start automatically for a certain number of spins.
How to Pay for Slot Games With Crypto?
Gambling at the online casino is a fun experience. It is also very easy to pay with any crypto. All you need is a digital wallet with one or more crypto coins like Bitcoin for instance, (you can also have part of Bitcoin). Then transfer your digital currency to the address of the online casino.
Scanning a QR Code
The wallet address of an online casino usually consists of letters and numbers. Sometimes it is possible to scan a QR code, which makes making payments even easier. Then your crypto coins are deposited into the address and you can play the slots.
How to Swap Different Crypto Coins When Playing Online Slots?
It's nice to have a well-stocked digital wallet. But want something other than bitcoins? Then it's time to sell them, for example for euros or other cryptocurrencies. As with buying, there are several ways to do this. For example, sell your bitcoins on an exchange with a minimum price that you determine. To be able to do this you do need a trading wallet.
You might like to negotiate with other investors. In that case, you could also sell your Bitcoin to another party for other currencies, such as Euros or Dollars. Before you can do this, you need to create a wallet. Then, try to attract other investors through advertisements.
Bitcoin is a form of digital money created and controlled through digital encryption techniques. It is a peer-to-financial transaction that is free from the central bank peer. The generation, transfer, and verification of digital money between two peers occurs through open-source software without any involvement of an intermediary or centralized banker.
How Can You Buy Bitcoins for Online Slots?
You can buy Bitcoins from companies by paying with cash and converting to Bitcoins. The online companies where you can buy bitcoins online include: Kraken.com, BTC-E.com or Localbitcoins.com. You can also buy bitcoins from people who have bitcoins. You can buy bitcoins from any method of payment supported by the seller of bitcoins. In many countries, you can buy bitcoins with cash, debit card, or credit card. However, as you already know, the price of Bitcoins is very volatile and you will need to look at the trend of the last 3 months to have a good chance of buying Bitcoins at a good price.
Bitcoin Wallet Explained
If you decide to play online slots with Bitcoins, you need to know how to create your wallet for the cryptocurrency. Namely, the Bitcoin wallet is an electronic account to receive, send Bitcoins. You can create your Bitcoin wallet in two different ways, either by installing crypto currency software on your hard drive or registering for an online Bitcoin wallet with a web-based service provider. Both types of wallets have their own advantages and disadvantages in terms of security and safety.
Is Crypto Online Slot Gambling Fair?
The provably fair gambling works on the basis of cryptographic hash function, which creates an algorithm through encrypted hash value via the server and client system. In general, the procedure of provably fair gambling can be checked by performing the following steps:
- A random secret code is produced and then encoded into a hash code by the server
- The hash code from the server is sent to the player
- The player performs a random bet.
- Both systems are mixed by means of a coded function to create the result.
- To verify the player, the server system is revealed to the player again.
Are Crypto Slot Games Legal and Honest?
How can you tell if an online slot casino is fair? We recommend playing at online casinos that are proven and fair in Canada. Based on our research we recommend online casinos like LeoVegas, Jackpot CIty, Spin Casino, Royal Vegas, Betway and others. Here you can find multiple reviews of the best IGT online slots. When searching for online slots with crypto, you should read various reviews and feedback about the casino you are interested in before deposing any funds.
You can also make sure that the results performed by the casino are spot on by recording the hash function of the systems' server and the players' bets that you set on the online crypto slots. Be sure to read the statements and terms and conditions of the online casinos as well to make sure you are fully in compliance with their rules and guidelines.
How Long Does It Take to Deposit or Cash Out?
Depositing and withdrawing bitcoins or any other crypto will not take much time. For smaller amounts, it is often very quick if not immediate if you use your Wallet account. However, for larger amounts it can take anywhere from 2 to 10 hours to deposit or cash out via a crypto transaction. Normally, the transaction will appear pending for a certain period of time before being completed; and the status of the transactions changes as they are completed. Generally, when playing online slots with crypto transfers of coins is very easy and fast for both small and large amounts.
Free Crypto Deals for Newcomers?
Some crypto casinos offer free coins to their new coming players or customers for various activities, such as your registration at the casino, referring a new player registering at a casino, to try a new game, and many other types of offers. These offers are usually free and often certain conditions apply. There are some online slot games in casinos that offer free bitcoins as a deposit bonus.
Online Slots With Crypto - Methods of Pay
If you are wondering whether you need a credit card or bank account to play online slots, the answer is no. It is not necessary to have a credit card or bank account to gamble at a crypto casino. You can gamble using crypto coin transactions, which are not only easy to send and receive, but are often offered as a free bonus. Normally credit card and bank account payments are subject to additional processing fees and expenses, but crypto transactions are free of fees.
Are Online Crypto Casinos Registered?
Not all online bitcoin casinos are regulated but some well-known online casinos are regulated and have the necessary licenses to offer online casino games. Like other industries, crypto casinos are also required to be licensed in the country where they are regulated. Unfortunately, there are many bitcoin casinos that do not have licenses. So, it is very important for a player to make sure that the casino they are interested in holds the proper license. So, it is a good idea to do research about the online crypto casino before spending your money. To be sure that your funds are safe and you are playing fair and licensed online slots with crypto, we recommend checking up some of these in-depth reviews of online slots and casinos in Canada.
Using Downloaded Software
Sometimes software is needed when playing online slots with cryptocurrencies like Bitcoin for instance. If you have your Bitcoin wallet installed on your computer hard drive you can download and install the software on your computer, or you can use your Bitcoin Wallet by opening it in your browser. Some online Bitcoin casinos require the player to download and install the software on their computer to gamble while there are others that do not require you to download the software to play, deposit or cash out.
Are There Any Crypto-Based Slots That Work on a Mobile Phone?
Yes. There are many Bitcoin casino and gambling sites with applications that work well on smartphones such as Android phones, iPhones, and other newer devices. You can download these apps from their shops, such as Google Play Store and the Apple Store. Some companies offer their applications for download directly from their own websites. Note: Always download apps from the official online Casino website to avoid downloading a casino app that is not authorized by the casino.
They don’t call cryptocurrency 'the currency of the future' for nothing. Nowadays, you can gamble with both traditional currencies and digital money. More and more casinos are accepting this digital currency, and it is becoming the easier and more convenient way to play. We hope this guide helped you learn more about how to play online slots with crypto.