Playing at a crypto casino is fun, and of course, there is an opportunity to win some money. Despite these facts, the idea of playing for real money repels many people. Some of them lie in ignorance, others in doubt, and others do not even know which new crypto casinos are really worth visiting. So if you have decided to play gambling games at least once, but don’t know where to start, we have written a step-by-step guide that will definitely help you.
1. Choose the right new crypto casino
The most primitive, but also quite difficult task for beginners. The first step you need to take is to decide which new crypto casinos you are going to play. The first thing you have to pay attention to is the license. Only licensed crypto casinos are guaranteed to pay out winnings. This document is issued not just like that. Casinos must annually pay a certain amount, and regularly undergo inspections. The most common licenses are:
- Gaming Commission of Kahnawake;
- Gaming Commission;
- The UK;
- Nevada Board of Game Control;
- Spanish Games Commission;
- Gaming Commission of Malta.
The license provides players with many benefits. In case of bankruptcy of a new crypto casino, the regulator will pay compensation. In case of refusal to withdraw funds, you can file a complaint, provide evidence of illegal actions and receive winnings.
Players note that it’s not difficult to verify the authenticity of a license. You need to go to the regulator’s website and find the name of the new crypto casino to be checked in the lists of licensed websites. If the brand isn’t there, you should look for other options to play.
Also, when choosing a new casino with cryptocurrencies, you should pay attention to the following things:
- Does the casino include a selection of multiple games;
- Are there bonuses/rewards available for your game;
- Can you make a deposit or do you need the whole amount;
- Is it possible to play in the currency of your country;
- Do the minimum/maximum deposits match your budget;
- Do the minimum/maximum bids fit your budget?
This is by no means a whole list, but it does cover some of the major factors that are important to new crypto casino players.
2. Create a crypto wallet
The next mandatory step for playing with cryptocurrency is that you need to buy it and store it somewhere. There are currently three methods available:
Method №1 Desktop Wallet
Complicated but safe. Even if this method does not suit you, you will understand the fundamental principle of cryptocurrency. To start a desktop wallet, you will need not a regular hard drive, but an SSD. The fact is that you will have to download the entire history of transactions for a particular cryptocurrency. For example, let’s take the very first, relatively non-volatile, Bitcoin.
On the Internet, you can choose from many Bitcoin wallets. All of them differ in safety, level of ownership, and ease of use. Fortunately, a 1000 GB SSD is not needed. In the settings, you can specify restrictions in 4-5 GB.
This is necessary, as it were, to recall past operations in order to begin the next one. You can use the wallet after downloading the last transaction for the current date.
Method №2 Online wallet
Simple and insecure. If you have already registered on any site, you know this method. The idea is that all services for storing the crypto are taken over by the casino website. From you, he will take only a commission for the transaction. Find any service, register – and that’s it, you have an address with a wallet.
What is the pitfall? In the first method, your wallet belonged only to you. And here it belongs to the service, and you control it. If the service is hacked or the owner of the site decides to “leave into the sunset”, you will lose money.
Method №3 Hardware Wallet
This method is convenient, safe, but expensive. We are talking about a physical medium (for example, Ledger). Roughly speaking, all the complexity of the first method is implemented in a box that can look like a flash drive. Security, in this case, is better, because it works on two levels. Firstly, no transaction will go through without a pin code on the device itself. Secondly, the owner himself stores the private key (only offline!). Upon activation, a random set of characters or words is generated, which confirms the ownership of the crypto wallet.
3. Learn the rules of the game
You must clearly understand the rules of the game before you start playing in a new crypto casino. One of the common mistakes of players, as it was written at the beginning of the article, is ignorance of the rules. Yes, for most games the rules are standards, but they can still differ from each other. Take a couple of minutes to study the rules, preferably re-read them several times.
There is nothing wrong with spending some money trying to win a certain amount. But remember! You shouldn’t try to make a jackpot at the crypto casino as the main goal of your life. This is the last piece of advice and it really applies to any form of gambling, be it crypto, online or offline.