Online casinos are becoming more innovative and gaining a larger audience as technology advances. From instant-play slots to live dealers, the industry is reaching more players than ever before. One of the most improved aspects of online casinos is how they handle transactions.
When digital gambling first became a thing, there were only a couple of payment options, one of which you probably didn’t have. Nowadays, the list of available methods consists of services you’ve never even heard of. Among these is Bitcoin. A newly emerged type of slots now lets you play and transact using digital currency. This article will tell you what these slots are and how they work.
What is Bitcoin?
Bitcoin, or otherwise known as a cryptocurrency, functions like a stock or forex currency. You can buy Bitcoin with real money or trade for it via a stock broker using any other type of digital currency. People use Bitcoin the same way they use real money – making online purchases, paying for services. Now, thanks to online casinos, you can gamble and play bitcoin slots.
The difference between Bitcoin and real money is how it’s made. In the early years, people used to generate Bitcoin by having their computers solve complex mathematical problems. A surge in supercomputers rapidly creating Bitcoin caused a significant decline in its value. Eventually, these equations became so difficult that the current value isn’t worth the effort and time required to generate one Bitcoin.
What are Slot Games?
Online casino slots are much similar to traditional slots you see at physical casinos. There’s an RNG algorithm in each game that determines the probability of every spin. Playing crypto slots games involves a lot more coding, but the mechanics are the same as the slots you play in real life.
Bitcoin slots are no exceptions. They run on RNG and have the same win conditions and payouts as any other spinner. Some of them even contain jackpot prizes. The only tiny difference with these slots is in their min-max betting. You won’t see the standard values on BTC slots, as in $0.01 to $50, for example. Since one Bitcoin is roughly $5,000, so the bet values will normally represent a fraction of it.
It’s not hard to find Bitcoin slots. Online casino that offers BTC as a payment method will have a sizable collection of these special spinners. The problem is that they don’t usually have them in the same category. So, you’d have to look for them by the label on their thumbnails. Another option is to look for Bitcoin casinos. These operators specialize in BTC gaming and process most of their transactions in cryptocurrency.
Progressive Jackpot Slots
Sometimes you’ll run into a slot machine with a huge prize on top of it. These are jackpot slots and will give you a super payout if you hit the best line on a max bet. There are many types of jackpots, but the most lucrative are progressive jackpots.
As long as nobody hits the required lines to earn the prize, it keeps getting bigger. So, you would always have a chance to win big after someone. When the jackpot gets to a certain size, usually seven digits, the slots will start to loosen up a bit to increase the chances of getting dropped. Experienced players often look for any spinner with exceptionally high jackpot and invest a ton of resources into that slightly increased odds.
Bitcoin Slots Bonuses
Slots that use Bitcoin offer the same bonuses as other types. The bonuses you get vary depending on the casino you play. Some even give you extra rewards just for depositing in cryptocurrency. These benefits extend to gameplay as well. Bitcoin slots are known for their low wagering requirements. So, it would take you less time and resources to release your bonuses if you choose to play them exclusively.
Some of the popular BTC slot bonuses include free spins, welcome packages, and many more. One thing you won’t see often is the no-deposit bonus, which lets you play a couple of rounds for free after making an account.
Provably Fair Slots
When fair isn’t enough, there are provably fair slots to save the day. Sometimes, errors occur in the RNG system and cause a deficit in randomness. Players can incur great losses, and it would also put the casino in a tough spot. In fact, many online casinos have appeared on the blacklist because of this.
Using the provably fair algorithm, players can verify that their games are free of the operator’s influence. The mechanics behind it are pretty complex because not every casino provides the same system. As a result, some casinos are preferable over others due to how accurate their provably fair engines are.
Netent is one of the largest and most popular software providing services for online casinos. Known for their advanced technological approach and high-end graphics, the company is present in almost every gambling operator.
Netent has been around for over 20 years and is still going strong. Online casinos who use their services often receive positive gameplay feedback. They support all slots, including BTC. Find a casino in your area and try out their games.
You can find thousands of slots powered by Habanero, including classic titles such as Cleopatra. One of the top casinos serviced by the company is a Bitcoin casino, which has a 9.1 rating based on customer reviews.
Habanero got its license from iTech Labs, a reliable authority. All their games are dedicated to fairness and randomness, on top of fantastic graphics and performance. If you come across a casino that has Habanero on the list, which is most of them, rest assured you’re in good hands.
One of the world’s most prominent iGaming content producers is the one you often overlook. Most players usually look for Netent or Evolution Gaming, and that’s fine. But, some of the best titles like Dragon and Phoenix or the journey of the Leprechaun are products of this incredible creator. Find these games at an online casino and play for yourself.
To Sum Up
As you can see, there are more and more options opening up for players online who want to spend their Bitcoin. Start your new online gaming journey today and try out some of the top online Bitcoin casinos, and do not forget to check their bitcoin casino review before joining the community.