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If you are a crypto enthusiast with a penchant for gambling at slots, then it is time to drop everything and sign up with a crypto casino. However, if you would rather play it safe instead of toying with the risks of Bitcoin and Blockchain technology, then you should sign up with a traditional online casino.
While crypto casinos allow the players to gamble with Bitcoin and other cryptocurrencies, traditional online casinos accept only fiat money like Euro or US Dollar. However, the experience of slot gambling is different at the two types of casinos as discussed right here.
Benefits of Bitcoin Slots and drawbacks
Gambling at slot machines at Bitcoin casinos has its pros and cons, as described below:
Pros
Instant payment: Bitcoin slot gambling allows instant deposit and withdrawal of funds. The player simply has to link his cryptocurrency wallet to the platform account to conduct direct deposits and withdrawals in Bitcoin almost in an instant.
Complete anonymity: Bitcoin casinos do not require the users to submit KYC documents during registration. As such, the players may remain completely anonymous and untraceable while gambling at online Bitcoin slots at crypto casinos.
100% decentralization: Bitcoin transactions take place directly between the player’s crypto wallet and the platform account. There are no central authorities like banks involved in financial transactions and as such the transactions take place in an instant and the transaction fee is very low.
Exciting Bitcoin bonus deals: Bitcoin casinos offer a host of rich bonuses and promos exclusively for Bitcoin gamblers.
Cons
High volatility: Bitcoin is highly volatile. The price of Bitcoin fluctuates over time and as such it often poses a financial risk to gamble at Bitcoin slots. One may incur extra losses if the Bitcoin price plunges at the time of withdrawal of funds from the Bitcoin casinos.
Too technical: Players who are not tech-savvy may not be able to have fun at Bitcoin casinos. Handling Bitcoin wallets and executing instant Bitcoin transactions requires one to be technically adept and most players are not experts at technology.
Similarities
Both Bitcoin casinos and traditional online casinos offer classic and contemporary slot games. You will come across progressive jackpot slots, video slots, and classic fruit slots in both the casinos. Traditional online casinos also facilitate instant payment by the use of e-wallets like Neteller, Skrill, and PayPal.
Differences
A key difference between Bitcoin slots and traditional online slots is that the former is always provably fair. Moreover, the house edge of traditional slot games lies between 3%-15% which is much higher than that of Bitcoin slot games. The difference in house edge is due to the fact that Bitcoin casinos are powered by Blockchain-based algorithms that allow the players to win the slot games more easily.
Another primary difference is the higher level of security of Bitcoin slot gaming. The Blockchain technology of Bitcoin maintains 100% confidentiality of personal information. It also ensures financial security by storing Bitcoin funds in cold storage wallets and making every transaction verifiable by recording the transaction details in the permanent and immutable Blockchain ledger. There is almost no guarantee of financial security at online traditional casinos. However, one can still gamble safely at slot games with fiat money.
Bitcoin casinos offer a broader selection of slot games compared to traditional online casinos. World-renowned software providers develop exclusive Bitcoin slot games that are available only at cryptocurrency casinos. If you’re eager to test your luck, Cryptonewsz’s article https://www.cryptonewsz.com/gambling/casino/slots/ provides valuable information and a list of recommended casinos where you can sign up to play these special Bitcoin slot games.
Which is more popular?
Bitcoin slot gaming is more popular than traditional online slot gaming. Crypto gamblers love to engage in slot gaming with Bitcoin as the price of Bitcoin is currently on the rise. The rise in the price of Bitcoin in recent times has enabled the crypto gamblers to rake in additional profits from the slot game winnings.
Bitcoin slot gaming is also more popular because of the high security and low transaction fees. However, traditional slot games remain popular among players who do not utilize Bitcoin and prefer using fiat money. If you are a Bitcoin enthusiast, then get information on leading casinos that offer slots and accept Bitcoin, there are options available to cater to your preferences.
Conclusion
It is evident from the comparative review between Bitcoin slot gaming and traditional online slot gaming that both types of slots are popular among gamblers. Both crypto casinos and traditional online casinos boast of a variety of slot games. While Bitcoin users love to gamble at Bitcoin slots for the crypto bonuses and quick transactions, fiat money users prefer to stick to traditional online slot casinos.
