Few businesses have grown as fast as the online gaming industry. By uniting fun and real chances of profits, online casinos have conquered more and more fans. In this context, crypto casinos have also gained popularity, due to the advantages they present over those that operate only with fiat currencies.
But what exactly are crypto casinos? And how to open a crypto casino in 2023?
What are crypto casinos?
In “traditional” online casinos, banking operations are carried out with so-called fiat currencies, such as reais, dollars, euros, etc. However, in a SlotsPalace Casino, or crypto casino, it is possible to carry out operations in cryptocurrencies. This means that the player can make deposits using a digital currency and, likewise, withdraw the money directly to their digital wallet – typically in the form of Bitcoins, Ethereum, and other popular and trusted cryptocurrencies.
Currently, there are casinos that operate exclusively with cryptocurrencies and hybrid casinos, which accept both digital and traditional currencies, thus catering to different types of audience.
What are the advantages offered by crypto casinos?
Most players have certainly heard about cryptocurrencies – at least about Bitcoins – but it is still normal to have doubts about this type of operation and its advantages. These are some of the good points of crypto casinos:
1) Decentralization:
Cryptocurrencies are decentralized, that is: there is no central authority to govern or broker cryptographic transactions. This means that no entity can regulate how the user deposits and withdraws their funds.
2) Anonymity:
As transactions are not tracked by a bank or government, this leads to the second advantage: privacy. The operations are anonymous, and are not linked, for example, to the name or CPF of the bettor. This can be advantageous, for example, in relation to possible taxes levied on profit.
3) Rates and speed:
As they do not go through another entity, as a rule, operations using cryptocurrencies are fast and do not have the fees charged by “intermediaries”. This allows casinos to offer better bonuses and fees in general.
4) Security:
Any online operation is subject to risks. In the case of cryptocurrencies, the values are kept on a blockchain, so it is almost impossible for the transaction to be hacked. This is a great advantage for those who want to carry out transactions online.
And, after all, how to open a crypto casino?
To open a crypto casino, it is necessary to follow the same steps as for a traditional online casino. In a first phase, it is important to make extensive planning, which includes:
- Target market selection and competitor research;
- Research on licensing and legal issues;
- Choice of games offered and sketch of website design;
- Budgeting, including pre- and post-launch phases of the site;
- Selection of marketing strategies.
After planning, it’s time to choose igaming software providers . This is another important moment, which requires an analysis of the pros and cons of each company. Often, skimping on software can spell failure for the site as it is the main point in an online casino, so you can see the best online casinos at cassino brasileiro online and play.
The chosen company must offer the preferred games of the chosen target audience, such as slot machines, table games, lottery, live casino, video poker, etc. In addition, there must be the possibility of customizing the site, resources for effective management and guaranteeing user safety. Finally, it is also important to check aspects such as regular updates and technical support.
Currently, companies like NuxGame already offer their customers specific solutions for opening crypto casinos. Its packages include legal advice, reporting and website integration to give users the ability to use cryptocurrencies such as BTC, mBTC, USDT, Ethereum and others – outside of fiat currencies.
After building the website, it’s time to put marketing into practice. In the case of crypto casinos, a good strategy is to turn to sites and influencers that stand out in the cryptocurrency world, thus conquering an even larger target audience.
Conclusion
Online casinos that offer gamblers the possibility to operate with cryptocurrencies are much more attractive than those that operate only with fiat currencies. Punters like the idea of the anonymity and security of cryptocurrencies, as well as the bonuses and fees offered by these bookmakers. Therefore, anyone thinking of opening an online casino in 2023 should invest in this type of technology, using NuxGame and other companies specializing in igaming solutions.