Choosing the right iGaming platform which accepts crypto payments can be quite tricky, since lots of those are out there and not all are created equal.
This guide is going to walk you through key considerations, how you might compare different platforms, and give some practical tips that will lead to a well-informed choice.
Table of contents
- Why Crypto in iGaming?
- 1. Look for licensing and regulation
- 2. Evaluate the platform's payment options
- 3. Check the speed of transactions
- 4. Security and privacy features
- 5. Consider the bonuses and promotions
- 6. Review user experience and interface
- 7. Understand the support options available
- 8. Check the gambling payment gateway
- 9. Try out the games and features
- 10. Keep an eye on future trends
- Conclusion
Why Crypto in iGaming?
Cryptocurrencies will also be appealing in online gaming because of the speed of transactions, greater privacy, and lower fees regarding this type of money transfer, compared to traditional methods.
Besides, with more people valuing privacy, they help one to play anonymously. Besides, they help you avoid high fees and long waiting times.
1. Look for licensing and regulation
First of all, when choosing an online iGaming platform, it is required that the website must be licensed and regulated by a trustworthy authority.
That means the strict rules followed out on the platform, while your rights as a player will be protected.
- Licenses should be requested from recognised bodies such as the UK Gambling Commission or Malta Gaming Authority.
- Check if the platform follows Know Your Customer demands and regulations against money laundering.
Licensing information is usually at the bottom of the site. If you can't find it, that's a red flag.
2. Evaluate the platform's payment options
Make sure the platform offers multiple crypto payment options. The more choices, the better for you.
Some popular cryptocurrencies used in iGaming include:
- Ethereum (ETH)
- Bitcoin (BTC)
- Tether (USDT)
- Litecoin (LTC)
Not all platforms accept all cryptos. So, if you prefer using a specific one, ensure it’s available. Also, look for platforms that allow for easy switching between crypto and fiat currencies.
3. Check the speed of transactions
Fast transactions are one of the big pluses in crypto gaming. Most of the players would like to avoid waiting hours or days for their deposits or withdrawals.
Look for platforms with instant deposits and fast, quick withdrawals.
Also, verify whether there is any fee that is attached to such dealings; some of them come at zero fees, which is another good benefit.
4. Security and privacy features
Security should always be of essence. Make sure the platform employs SSL encryption and two-factor authentication. These are features that serve to safeguard information from hackers.
Other platforms, such as BitPay and CoinsPaid, provide excellent options of ensuring security through the encryption of information, as well as entail fraud prevention measures.
The second huge advantage of using crypto is anonymity. A number of platforms don't need much input of personal data to keep your identity safe.
Comparison Table: Top iGaming Platforms with Crypto Payments
| Platform | Licensing | Payment Options | Transaction Speed | Security Features | User Reviews |
|---|---|---|---|---|---|
| Stake.com | Curacao, UKGC | BTC, ETH, LTC, USDT | Instant | 2FA, SSL Encryption | 4.7/5 |
| BitStarz | Curacao | BTC, BCH, ETH, LTC | Fast | 2FA, SSL Encryption | 4.5/5 |
| FortuneJack | Curacao | BTC, ETH, ZEC, LTC | Fast | Encryption, 2FA | 4.4/5 |
| 7BitCasino | Curacao | BTC, LTC, DOGE, ETH | Moderate | 2FA, Encryption | 4.3/5 |
| mBitCasino | Curacao | BTC, ETH, LTC | Fast | Encryption, Privacy | 4.6/5 |
5. Consider the bonuses and promotions
Most iGaming platforms offer bonuses to attract players. These can be in the form of welcome bonuses, free spins, or deposit matches.
But remember, bigger bonuses are not always better. Look at the wagering requirements. If they are too high, you might find it difficult to withdraw your winnings.
Some platforms even offer bonuses specifically for using cryptocurrency. This can be a great way to boost your starting balance.
6. Review user experience and interface
A good user experience (UX) can make or break your gaming experience. A clean, user-friendly interface will save you time and frustration.
Read reviews from other users to see what they think about the platform's interface and how easy it is to use.
7. Understand the support options available
Customer support is crucial. Make sure the platform offers 24/7 support through various channels like chat, email, and phone.
This ensures that if something goes wrong, you can quickly get help.
8. Check the gambling payment gateway
It is essential to understand how the gambling payment gateway works. Some platforms integrate advanced payment gateways that facilitate seamless crypto transactions.
Platforms like CryptoProcessing offer an efficient payment solution for the iGaming sector.
They provide secure, fast, and user-friendly transactions.
9. Try out the games and features
Always test the games. A good platform will offer a wide variety of games like slots, poker, and live dealer games.
Also, look for unique features like provably fair games, where you can verify the fairness of each game result.
- Stake.com offers unique “Stake Originals” games.
- FortuneJack integrates NFTs and gamification features for a more engaging experience.
10. Keep an eye on future trends
The crypto world is always changing. Platforms that stay ahead of trends by integrating new technologies, like NFTs or Decentralised Finance (DeFi), are more likely to offer a unique gaming experience.
👉 Always choose platforms that show signs of innovation.
Conclusion
Choosing the right iGaming platform that accepts crypto payments isn't just about picking the one with the biggest bonus or the most games.
It's about finding a balance between security, speed, payment options, and user experience.
Always go for platforms that are licensed, have good user reviews, and prioritise security.
In my opinion, it’s also smart to look for platforms that are ready to adapt to future trends, ensuring you are playing on a forward-thinking platform.
