Even after all this time, there are still players out there with either skepticism or resentment towards crypto casinos. The truth is that some of our favorite crypto casinos are among the most popular and most trustworthy casinos in the world, regardless of currency.
Over the last few years especially, crypto has become something most people have gotten accustomed to hearing about and this in itself helps change people’s perceptions about the casinos allowing it.
True or False
Unfortunately, just like with everything else that is “new”, along with the rise of this innovative form of currency, several myths and misconceptions have surfaced. Some of them keep trying to paint online crypto casinos in a negative light.
With that in mind, I will do my best to debunk some of these myths and provide a more accurate perspective on the world of cryptocurrency gambling.
True or False
Myth 1: Cryptocurrency Online Casinos Are Rigged
One of the most popular myths about online crypto casinos is that they are more prone to rigging games in order to cheat players out of their hard earned money. The truth is, any reputable casinos, crypto or not, do operate on transparent and provably fair systems.
In fact, they often leverage blockchain technology to ensure the integrity of their many games. Any casino trying to rig games won’t last long because it would quickly be revealed and ruin the casino’s reputation quicker than you could say online crypto casino. On top of that, they would be in serious legal trouble.
There’s a reason why there are strict regulatory bodies and standards put in place to oversee all of the platforms and make sure this doesn’t happen. This brings a certain level of security and fairness and to assure that things are being run legit, make sure you are playing at a licensed casino.
Myth 2: Cryptocurrency Transactions Are Slow
For some reason there’s another misconception out there that transactions with a crypto casino are slow. I hate to break it to you but speedy transactions are one of the biggest advantages of dealing with a crypto casino and something that crypto players rave about.
Here are a few examples of why they are so quick:
- Decentralization: Cryptocurrencies operate on decentralized networks, which means there is no central authority or intermediary controlling transactions. As a result, transactions can occur directly between users, allowing for quicker processing times without the need for intermediaries like banks.
- Blockchain Technology: Cryptocurrencies utilize blockchain technology, which is a distributed ledger that records all transactions across a network of computers. When a transaction is initiated, it is added to a block on the blockchain and verified by network participants through consensus mechanisms like proof of work or proof of stake. Once verified, transactions are confirmed and cannot be reversed, ensuring security and immutability.
- 24/7 Accessibility: Cryptocurrencies operate on global networks that are accessible 24/7, allowing for round-the-clock transactions without the limitations of banking hours or geographical restrictions. Players can deposit or withdraw funds from crypto casinos at any time, leading to faster transaction processing and greater convenience.
BitStarz has won multiple Casinomeister’s Best Casino Support Awards
Myth 3: Cryptocurrency Casinos Lack Customer Support
To assume that crypto casinos for some reason should lack anything in terms of customer support is completely unfounded. I would even take it a step further and call it a joke. No casino would ever be able to survive without quality support and just like any fiat casino, the reputable ones that we promote will have, at a minimum, live chat and/or email support.
For example, BitStarz has been the winner of several Best Casino Support awards, including the very competitive award from Casinomeister.
If a good support is important to you, make sure you take a look at our detailed crypto casino reviews to get the full picture of what to expect.
You can win BIG regardless of currency
Myth 4: Your Chances of Winning are Bigger With Crypto
For whatever reason, there are players who believe it is easier to win at online casinos by using crypto currencies. I hate to break it to you but this is just not true. Even though using crypto can bring you some advantages in other areas, unfortunately it won’t have any impact on your success at slots, table games. Regardless of your preferred currency, things such as Volatility/Variance, RTP and odds remain the same.
What does it mean? It means to you can relax knowing that you can win big regardless of currency.
Myth 5: Crypto Casinos Are Less Interesting Than Traditional Online Casinos
I have no idea where this one comes from because other than the option of using digital currency, crypto casinos are no different from any traditional online casinos. The biggest game providers on the market have no problem working with crypto casinos, which means you will find the same slot machines, live games and table games.
The customer support is just as present, deposits and withdrawals are even faster than in a more traditional online casino. You won’t see any less bonuses and promotions either. As a matter of fact, considering that you can use both BTC, LTC, ETH etc AND Fiat currency, I would say that crypto casinos are even MORE interesting than regular online casinos.
Welcome to Vave Casino
Enjoy Your Crypto Casino Experience!
Whether you prefer an old school casino even after these myths have been cleared up or if you are ready to make progress and explore the many great advantages of crypto casinos, your path towards success is wide open.
Top rated options such as Vave, JustBit, Wild.io, mBit, Metaspins, Betfury and the others are ready to show you a great time!
Good luck and enjoy!
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