Crypto Casinos

before understanding how an online cryptocurrency casino works , it is necessary to assimilate the workings of this new technology.

la cryptographie pour sécuriser les transactions et contrôler la création de nouvelles unités. Le concept de cryptomonnaie a été introduit par le Bitcoin en 2009, mais depuis lors, de nombreuses autres cryptomonnaies ont été créées, chacune avec ses propres caractéristiques et utilisations. Les cryptomonnaies offrent plusieurs avantages par rapport aux monnaies traditionnelles. Elles sont généralement décentralisées, ce qui signifie qu'elles ne sont pas contrôlées par une entité centrale telle qu'une banque centrale. Cela permet une plus grande liberté et autonomie financière. De plus, les transactions réalisées avec des cryptomonnaies sont généralement rapides, peu coûteuses et sécurisées grâce à la technologie de la blockchain. La blockchain est un grand registre public qui enregistre toutes les transactions effectuées avec une cryptomonnaie spécifique. Les cryptomonnaies peuvent être utilisées pour effectuer des achats en ligne, des transferts d'argent internationaux, des investissements et bien d'autres choses encore. Elles peuvent également être échangées contre des monnaies traditionnelles sur des plateformes d'échange spécialisées. Cependant, il est important de noter que les cryptomonnaies sont également associées à des risques tels que la volatilité des prix et les possibles utilisations illicites. Il est donc recommandé de faire preuve de prudence et d'avoir une bonne compréhension des cryptomonnaies avant de s'impliquer dans leur utilisation ou leur investissement. blockchain technology .

A blockchain is a decentralized database. A standard database typically uses a single computer server to store information. On the other hand, a decentralized database is a digital ledger that uses multiple interconnected servers, with each server having a copy of the ledger. This ledger is public and can be accessed by everyone.

A blockchain works with only additions of information. When in a centralized database, the user can insert and modify information as they please, in a blockchain, it is only possible to add new information. These pieces of information (for example, a set of transactions) are grouped together in what we call a block (hence the term "blockchain" or "chaines de blocs" in French).

The particularity of this decentralized register of information is that to add a new block of information, the decentralized network must verify and validate a block addition using cryptographic calculations Each block must have a digital fingerprint (a "hash") that allows validation in relation to the previous blocks. This is a link that must exist between the blocks in order for there to be consistency between the data added in the past and the new additions.

If only one server wanted to modify information, it could not be taken into account because it is the entire network that retains a copy of the registry and validates the addition of new information. Alternatively, a person would need to control all the servers in a blockchain to modify a block. And that is the strength of decentralization, the information added to a database becomes immutable. It becomes physically impossible to modify past information recorded in the registry, and no entity can apply any censorship or modification. That is also why Bitcoin has attracted many investors. Its uncensorable and unmodifiable nature allows for value exchanges without the possibility of third-party manipulation.

And so that a decentralized network can be created and live in self-sufficiency, there is a financial incentive that has been put in place with a reward system. Anyone who can " mine bitcoin "If we talk about the Bitcoin blockchain, anyone can add a server to the decentralized network to participate in the calculations and validations necessary to contribute to the creation of the digital ledger that is the blockchain."

If too many servers participate, the rewards will decrease, which can encourage people to stop. Conversely, if too few servers participate in building the blockchain, the rewards will be greater and it will encourage new people to participate. Thus, a balance can be achieved and it ensures that the system can work for all users.

The first and also the best known cryptocurrency is Bitcoin. We have made a special file for play casino with bitcoin and understand all its subtleties. There are now over 6,000 cryptocurrencies but only about thirty are widely used (approximately 90% of the market). To use a cryptocurrency, it is necessary to understand how an exchange and/or a wallet works. Rest assured, all these concepts are explained here and all you need to do is do further research on the internet or YouTube to follow some tutorials and move on to practice.

It is important to start by making transactions with small amounts To fully understand the concepts of blockchain and cryptocurrencies, one must consider that a cryptocurrency (for example, USDT) can be issued and exchanged between different blockchains. To draw a parallel with the current banking system, the euro and the dollar would be like cryptocurrencies, while the SWIFT and SEPA networks would be separate blockchain technologies (but it is possible to have the euro available on both banking systems). It is important to note that if you send euros from your bank account, which only uses the SEPA format, to coordinates of a bank that only receives money in the SWIFT format, the transaction will not be possible. The same applies to cryptocurrencies - one must always know which cryptocurrency and blockchain to use in order to successfully carry out transactions.

A crypto casino or crypto casino is an online casino that accepts cryptocurrencies as a payment method. Some casinos accept fiat currencies (Euros, Dollars, etc.) and cryptocurrencies, while others specialize only in these digital currencies. In this file, we will see the nuances to understand well in order to exploit this new technology that brings many advantages for players.

We rightly believe that there is a real interest for current online casino players to understand this technology. It is especially a true pleasure to have a digital solution that is absolute in payments, thus avoiding conflicts. Finally, the last possibilities for a player not to be paid remain bonus conditions, which despite the use of an online bitcoin casino, can still be misunderstood. In doubt, especially if you are a beginner, you can test and play at a crypto casino by immediately requesting the refusal of bonuses granted to ensure the withdrawal of your winnings, and quickly!

What are the types of crypto casino?

We note three main types of cryptocurrency casinos:

• Standard online casinos that have simply added cryptocurrencies to their payment methods as soon as you have sent an amount in Bitcoin (for example), it is automatically converted into traditional fiat currency at the current exchange rate. And you will continue to use the online casino completely normally. It will also be possible, when you make a withdrawal, to request to withdraw your winnings in cryptocurrencies, and the casino will convert again between your winnings generated in € (or other fiat currency) and the chosen cryptocurrency to withdraw your winnings.
• Crypto online casinos These are the crypto casinos that have emerged in recent years and are listed on this page. They were created based on a specification around cryptocurrency. You can deposit with a large number of cryptocurrencies. It is sometimes possible to play directly in Bitcoin (for example) and you can withdraw your winnings in cryptocurrency. Bonuses can be expressed in BTC, you can deposit with technologies adapted to the world of cryptocurrency (for example, directly from a software wallet like Metamask). And it is even possible to buy cryptocurrency on these casinos! For example, you send an amount in € (or $) with a transfer or a credit card, then you buy cryptocurrency on the casino to play with.
• Crypto Online Casinos Leveraging Blockchain-Based Random Draw Technology These will be the casinos of the future, which are still not widely accessible at this time. They will be full crypto platforms where fiat currencies may not even be accepted. You will deposit in crypto, play in crypto, and the games provided will be generated using technology that adds blocks of information (for example, the spins of a roulette wheel on a blockchain), and you will be able to withdraw in crypto. The advantage will be undeniable, as you will be able to control the fairness of the games since they will be made public, as well as the winnings and withdrawals. The casino will no longer be able to imagine any form of censorship, and this could potentially revolutionize the world of gambling, which still suffers from a lack of trust from players (rightly so), especially when they play on illegal platforms. When this kind of platform emerges, we will be the first to test and recommend them to our visitors. For now, some projects focused on a blockchain optimized for gambling are concentrating on creating solutions for the operators of the future.

Are online crypto casinos reliable?

The answer is almost in the question! From the moment we speak of cryptocurrency, we are talking about a technology that improves the reliability and security of transactions. There is no longer a trusted third party that can apply censorship. Transactions are immutable and verifiable.

This improves payment management for online casinos , and also allows players to benefit from certain advantages (which we will see a little later).

However, adding a new type of currency within an online casino does not necessarily change its policy regarding the use of bonuses. Nowadays, this is where unscrupulous online casinos operate. They create terms and conditions that can be misunderstood and can be particularly punitive for those who do not take the time to read them. Therefore, we draw your attention to the fact that even though the problem of transactions is partly resolved, the abuse surrounding the use of bonuses can still persist. It remains your responsibility and in your interest to choose reliable cryptocurrency online casinos that offer you the freedom to withdraw your winnings.

A cryptocurrency, in order to be used as a currency, must be indexed in relation to a fiat currency. Bitcoin can thus be exchanged for a standard currency (€, $ or other) at a certain rate. using a cryptocurrency exchange platform As a broker or currency trader, which is generally referred to as an "exchange" in English.

In the example of Bitcoin, due to the fact that there is a limited number set at 21 million, one can understand why there is significant volatility. If it becomes adopted and used worldwide, many people will want to acquire it, which will increase its price in relation to supply and demand logic.

It is possible to use conventional means on these platforms to deposit money. You can send € using a bank transfer, your bank card, or electronic wallets like Paypal, Neteller, Skrill, etc.

If you want to buy cryptocurrencies, you must:

1. create an account on a cryptocurrency exchange platform (requires "KYC" and validation of documents in most cases)
2. deposit classic fiat currency (euros, dollars, pounds sterling, etc.)
3. exchange your classic currency for the desired cryptocurrency (Bitcoin, Ethereum, etc.)
4. possibly withdraw your cryptocurrencies to send them to a wallet (we will see this step a little later in this file) or send them to a casino to play.

The main cryptocurrency exchange platforms

It is not necessary to create an account on every platform. Note that in some countries, it is necessary to declare to the authorities if you have an account on this kind of platform (just as it may be necessary to declare a foreign bank account).

• Binance.com : it's about world leader It is the largest cryptocurrency exchange platform. This site offers a significant number of different cryptocurrencies as well as numerous tutorials and aids to understand the universe of this technology. Due to the fact that it is the world number 1 and has recently highlighted "proofs of reserve" to prove that it keeps its users' cryptocurrencies, it is a safe bet to start and buy crypto securely. Depending on your country of residence, it is even possible to have the "Binance Card" which allows you to pay daily using your cryptocurrencies (the card converts in real time to € at the current value).
• WOO.org : this platform, currently only available in English, is the only platform that allows you to buy and sell cryptocurrencies free of charge To take advantage of this opportunity, you must first purchase 1,800 units of their cryptocurrency "WOO" and go to the "Staking" section of their website to "stack" them. From that moment on, all purchases and sales will have no fees (while on other sites, each transaction has fees ranging from about 0.2% to 0.4%). So, WOO is aimed at those who frequently make purchases and sales!
• www.bybit.com investir sur des contrats à terme, c'est-à-dire des contrats d'achat ou de vente à une date future et à un prix convenu à l'avance. Cette plateforme offre également la possibilité de trader des cryptomonnaies traditionnelles telles que le bitcoin, l'ethereum et le litecoin. En outre, elle propose des services de portefeuille sécurisé et de gestion des actifs numériques. invest on the rise or fall of Bitcoin and other cryptocurrencies. Even though it is possible to purchase and withdraw them like its competitors, its interface is particularly optimized for those who enjoy trading (with leverage) and thus betting on the rise or fall to generate profits. It is a risky approach but offers an interesting potential for those who understand this type of market. We mention it here because it is a recognized and reliable exchange.
• Coinmetro.com provides European licensed services and emphasizes accessibility with an interface that is among the most optimized for buying and selling cryptocurrencies. Coinmetro accepts euro transfers and allows you to quickly buy Bitcoin (for example) with optimized fees. It is a platform that prioritizes simplicity and efficiency for users. will respond well to beginners Concerned about having a European society and not posing any problem if your bank seems to be reluctant if you make a transfer to a foreign platform.
• Crypto.com You probably already know that you have seen one of their commercials. Very fond of aggressive marketing, we have already seen their logos for example at the 2022 FIFA World Cup or in various sports teams in America. It is also known for the fact that it is possible to have a bank card backed by active cryptos that you have on its platform. The interface is also very well-maintained and efficient and has good support in case of any issues.
• Gate.io ceitos projets plus obscurs tels que le Dogecoin ou le Ripple. De plus, Binance offre également la possibilité d'échanger ces différentes cryptomonnaies entre elles, ce qui permet aux utilisateurs de diversifier leurs investissements. Grâce à son interface conviviale et à sa sécurité renforcée, Binance est devenue l'une des plateformes d'échange les plus populaires pour les investisseurs de cryptomonnaies. find very recent projects and who are not yet listed on larger platforms like Binance. It is aimed at those who enjoy speculative betting by quickly investing in new projects.
• Kucoin.com : is part of the top 5 of the world exchanges. Interesting platform for fees (by clicking and signing up from our link you get a 10% lifetime discount on your trading fees). It also offers numerous cryptocurrencies and accepts investors from over 200 countries. This platform is reliable and offers interesting options (such as testing one of their trading bots).

How to create a cryptocurrency wallet?

Once you have purchased your cryptocurrencies, you have the choice to leave them on the exchange platform, send them to your wallet (often referred to as "wallet" in English), or send them directly to a cryptocurrency casino to play.

For all projects that utilize blockchain technology, it is possible to create an "address" that represents a virtual wallet compatible with the chosen blockchain or project. This can be compared to an IBAN which represents a bank account. Creating an address is free and in the majority of cases, a recovery phrase (often called a "seed phrase" in English) is generated. This phrase is typically composed of 12 to 24 words. It acts as a password. With your recovery phrase, you will always be able to use a wallet to access the funds that have been sent to your address.

This is the most important element. If you own your recovery phrase, you own your cryptos. And your cryptocurrencies are on the ledger of a blockchain. Your only role is to write down and carefully keep this sequence of 12 or 24 words.

However, if you leave your cryptocurrency on an exchange platform and it goes bankrupt, you will lose your investment because you are using addresses that are generated and managed by that platform. In other words, you do not own the recovery phrases associated with the addresses generated and used on that exchange. The solution that protects you is to create a cryptocurrency wallet and then withdraw your cryptocurrencies to it. Since this requires some additional manipulations, we believe it is worth it when you start handling a capital of more than €1,000.

The operation is often simple and there are several types of cryptocurrency wallets:

• of portfolios in the form of software or a mobile application. They can support a single project (usually provided by the creator) or support multiple different cryptocurrencies.
• portfolios in the form of an extension integrated into your web browser,
• physical wallets ("hardware wallets") that allow you to manage your wallet with a manual action to be performed on a device (resembling a USB key) and thus protecting your cryptocurrencies from hacking of your computer.

an article expliquant comment créer un portefeuille crypto-monnaie avec différents choix de portefeuilles disponibles. a guide to using Metamask at online casinos .

But the best choice to store your cryptocurrencies safely remains a "hard wallet" , a physical wallet that will require inserting a password on a device that resembles a USB key to validate a transaction. This way, you hold the private keys (recovery phrases) of your wallet and even if your computer has been hacked, no one can use your wallet. The most well-known physical wallet is [insert name of wallet]. Ledger You will find many tutorials on YouTube to handle it, and we ourselves have opted for this solution that offers the best of both worlds.

Once you have purchased your Ledger and plug it into a USB port on your computer, it will prompt you to visit a website address which will allow you to download software to easily create your crypto wallet and learn how to use it, for example by creating an Ethereum or Bitcoin wallet. Remember that the most important thing is to always keep your recovery phrase in a safe place. be the only person who knows your recovery phrase Often composed of 12 to 24 words, Mnemonic recovery phrase is what allows you to access your cryptocurrencies at any time. Don't forget that your cryptocurrencies are on the blockchain. If, for example, you lose your Ledger, simply purchase a new one and configure your wallet by inserting your recovery phrase to once again be able to manage your cryptocurrency.

If you're wondering why play at a crypto casino, you'll definitely find the answer through these pros and cons!

The Benefits of Playing at a Crypto Casino

• No/little KYC The "KYC" (Know Your Customer) process is often a cumbersome procedure that involves sending documents to prove your identity and/or the payment methods used. If you use a crypto casino (rather than a standard online casino that allows cryptocurrency deposits but converts them to €), you will still need to undergo a KYC process. However, some casinos that are entirely based on cryptocurrency and where you continue to play in Bitcoin do not require document verification related to anti-money laundering rules because you are not dealing with traditional fiat currency. This is because cryptocurrencies are still unregulated in most countries around the world as of 2023.
• Absolute transaction security Thanks to decentralization, a cryptocurrency transaction is made public and will remain immutable. For each type of existing cryptocurrency, there is a website that allows you to view all transactions and blockchains (simply type in the name of the blockchain used and add "explorer" in Google to generally find these sites). Therefore, it is possible to search by inserting your sending address (or receiving address) to find the transaction made. It is impossible for the casino to tell you that it did not receive your deposit, on the contrary, it becomes capable of providing you with the transaction for the winnings you have withdrawn! This resolves conflicts... in the sense that an online casino can no longer tell you that it is the bank that did not make the transfer due to the absence of this intermediary.
• Confidentiality it is possible to create a cryptocurrency wallet and deposit funds into it without providing any identification documents. Therefore, it is possible to gamble in a cryptocurrency casino without having to provide identity papers and thus maintain maximum confidentiality. This is reassuring for those who may be scared of computer hacking or being bombarded with aggressive advertisements. Even though cryptocurrency transactions are public, no one can know who holds the addresses.
• The rapidity Crypto projects are becoming faster and faster. Some projects allow transactions to be made as quickly as a credit card, within a few seconds. The speed is directly related to the chosen technology. A Bitcoin transaction will take several minutes to several tens of minutes depending on network congestion. An Ethereum transaction can be confirmed by the decentralized network in a few minutes. A Solana transaction can be confirmed in a few seconds! But it's mostly the time it takes for the casino (or even an exchange platform) to process the transaction and the amount received. There is no need for human validation, once the network has validated it, it is automatically credited to another address and you can enjoy it.
• Accessibility cryptocurrency has allowed many people around the world to have a widely recognized means of payment without having a bank account. For various reasons, not everyone can have a bank account, and cryptocurrency solves this problem. Moreover, one can create a cryptocurrency e-wallet oneself, for free and without providing any proof of identity!
• Advantageous taxation : because cryptocurrencies are not yet regulated (in 2023), all the exchanges you make in crypto (gains or losses) are not to be declared to the tax authorities in most countries. However, a declaration must be made if one day you transform your active cryptos back into fiat currency to put them back in your bank account. Concretely, imagine that you sent €1,000 to Binance to buy Bitcoin. If 6 months later (or whenever), you exchange your bitcoins for € again and this generates a gain between the time of purchase and resale, you will have to declare this amount to the tax authorities. Depending on the country where you live, you will probably have a tax comparable to an income tax (or if this technology is already regulated in your country, a flat tax provided for this purpose may exist). And this even if you keep the € earned in your Binance account. Find out if, for example, you have won a bitcoin jackpot at an online casino, that you have withdrawn it, and that you wish to take advantage of it by converting this amount into fiat currency. But if you do not transform your cryptocurrencies back, there will be no tax to pay because it is a volatile investment.
• Verifiable prints as we explained before, future online crypto casinos will utilize blockchain technologies that will provide random drawings. And they will be made public, allowing anyone to contest them, even though, by definition, if a drawing was randomly generated by a blockchain technology, it means that it was done by a decentralized network and no individual or online casino could manipulate or cheat the results. The guarantee of a "perfect" randomness (let's say of natural order) is ensured thanks to this type of technology.

The risks and disadvantages of playing in a crypto casino

• Lower casino bonus Because the companies that allow the creation of online casinos (software aggregators) have not yet integrated all cryptocurrencies, the promotional offers proposed could be less advantageous than those proposed on standard casinos.
• Transaction fees The fees of a cryptocurrency transaction are closely related to the chosen cryptocurrency. It all depends on how the project has configured the unit generation and rewards system for entities that ensure decentralization. Additionally, fees can be significant if a network is heavily used, as was the case for the Ethereum blockchain in 2021, where a transaction could cost several tens of euros. In 2022, it has returned to several cents or euros. As for Bitcoin, fees are also several € (or $) during this year 2022, but it is advisable to inquire about the technology used. Crypto casinos and exchange platforms do not charge fees for deposits but must take them when you want to withdraw your winnings, as they have to pay these fees to the network used.
• No cancellation possible If you have made a transaction in cryptocurrency, once the procedure is initiated, it is impossible to cancel! Conversely, if you have requested a withdrawal that has been approved by the casino, you will receive the amount and it will be impossible to reverse. Make sure to carefully consider each time you manipulate this technology.
• Significant volatility From the moment you want to invest in cryptocurrencies, you have to accept that this market is particularly volatile. This means that if you buy Bitcoin for €2,000, it is completely possible that several days or weeks later, if you want to sell your bitcoins for €, you may have lost money, which can range from simple to double. It is therefore recommended to consider the invested money as lost, even more so if you want to play with bitcoin casinos. However, those who have overcome this hurdle can also count on the long-term potential of widespread adoption of cryptocurrencies, which should allow for significant gains!
• No recourse in case of error what is a strength can sometimes be a weakness and that is the case here. Data recorded in a blockchain cannot be modified. Otherwise, it would nullify its very nature. Therefore, if you make a mistake in a transaction or in an address, the amount may be permanently lost without any possible recourse. That is why it is often advised to copy and paste the addresses you use. The use of QR codes is also emphasized. For example, if you have a mobile electronic wallet and want to send cryptocurrency to an online casino or exchange platform, it is generally possible to display the QR code of the receiving address to avoid any errors.