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Why Cryptocurrencies Have Been a Game-Changer in Online Casinos?

Why Cryptocurrencies Have Been a Game-Changer in Online Casinos?

BySean El Hani Last Updated on -

Cryptocurrencies and the blockchain technology behind them have been adopted across multiple industries. In online gambling, they allow quicker transactions and lower fees, making deposits and withdrawals simpler for both players and operators. Let’s look closely at the reasons why cryptocurrencies have been a game-changer in online casinos through two case studies: Playbet, a crypto-focused casino platform launched in 2024, and SoftSwiss, a well-established software provider in the gambling industry.

Cryptocurrency Integration at Playbet

Playbet focuses heavily on cryptocurrency, providing users with a wide selection of deposit and withdrawal methods in digital currencies. The platform accepts several popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Ripple (XRP), Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), and others. Deposits made using these cryptocurrencies are typically processed instantly with minimum deposit amounts, usually around $10 or their equivalent. Withdrawals on Playbet only take 60 minutes without any currency conversion requirement.

Secure Transactions with Cryptocurrencies on Playbet

Bitcoin plays a central role in Playbet’s payment system as the first and most widely adopted cryptocurrency. Its decentralized blockchain network ensures transactions are secure, transparent, and not subject to freezing or seizure if wallet keys remain private. Using cryptocurrencies on Playbet means deposits and withdrawals are free of platform fees, although users might still encounter blockchain mining fees or occasional charges from local payment services.

This crypto-centric approach reflects Playbet’s goal to offer transactions that are fast, straightforward, and secure without relying on intermediaries often found in fiat-based systems. Additionally, Playbet uses SSL encryption and adheres to strict security standards to protect user data and funds. The platform is properly licensed and regulated under the Curaçao gaming authority and employs fair-play measures such as third-party audited random number generators (RNGs), increasing transparency and reinforcing users’ trust.

Security and User Experience with Cryptocurrency on Playbet

By accepting cryptocurrencies as payment methods, Playbet offers a flexible and secure payment environment for online gaming. The platform benefits from blockchain technology’s security, privacy, and irreversible transaction features for crypto payments – capabilities that have gradually been adopted across various industries across the globe.

Besides enforcing secure SSL-encrypted browsing and complying with relevant regulatory authorities, Playbet also promotes responsible gambling practices to maintain a trustworthy environment. The platform also provides multi-channel customer support and mobile access, offering both convenience and safety to its players while they freely enjoy borderless gaming.

SoftSwiss and Its Focus on Cryptocurrency

SoftSwiss is a leading technology company that develops software solutions for the online gambling and iGaming industries. Founded in 2008 with offices in Malta, Poland, and Georgia, the company now employs over 1,500 people and supports more than 1,300 iGaming brands worldwide.

The company was among the first to bring cryptocurrency to online gambling, launching Bitcoin-optimized casino solutions as early as 2013. Its platform supports a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. This allows for instant transactions with low fees, ensures player privacy, and offers provably fair gaming through blockchain technology.

Key Crypto Features Offered by SoftSwiss

SoftSwiss provides turnkey software specifically for crypto casinos. This allows operators to quickly launch casinos focused on cryptocurrency, complete with native support for crypto payments. The platform speeds up transactions and reduces the fees usually linked to traditional payment methods. It also integrates with popular crypto wallets such as MetaMask, making deposits simple and quick.

Another notable feature is the in-game currency conversion tool, which lets players convert cryptocurrency balances to fiat within the platform. This feature lets them enjoy games that don’t directly support crypto, making it a widely used tool – up to 85% of bets in SoftSwiss-powered crypto casinos utilize it.

Benefits of Cryptocurrency for SoftSwiss, Casino Players and Operators

By leading in crypto gambling technology, SoftSwiss has earned a reputation as a reliable partner for iGaming operators worldwide. Its focus on cryptocurrencies drives continuous innovation, prioritizing service quality and security – an important advantage for online gambling operators.

Many crypto casinos powered by SoftSwiss offer provably fair games, where outcomes can be independently verified using cryptographic methods, boosting player confidence and game transparency. Using cryptocurrencies also provides players with greater privacy, more financial control, and fewer currency conversion fees. For casino operators, accepting cryptocurrencies typically lowers operating costs by reducing licensing and transaction fees, while speeding up the launch of new crypto casinos.

Impact of Cryptocurrency on Online Casinos

Case studies involving Playbet and SoftSwiss show that incorporating cryptocurrencies helps online casinos establish themselves as secure platforms supporting reliable, efficient, and seamless transactions. With this, players are in for a better betting and gaming experience while casino platforms strengthen their reputation globally. For entrepreneurs entering this space, aligning with structured business plan funding options can help secure a competitive edge.

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