Bitcoin casinos offer the users the chance to make deposits and withdrawals in cryptocurrency.
The value of Bitcoins fluctuates according to how much people are trading it. Its price is not regulated by any authority or bank. It is also very easy to create a Bitcoin wallet and make transactions, that is why its popularity keeps growing day by day.
Bitcoin gambling offers great advantages to both players and casino owners, like:
* Extreme privacy and confidentiality: Bitcoins allow you to make transactions (like deposits or withdrawals) anonymously since it is an untraceable currency, there is no way to know where the payment comes from, that way your personal information is protected, as you won´t need to provide it or register.
* Instant payments: crypto casino transactions are faster, as Bitcoins transfers are made directly without any third parties involved. And that also means no fees, for there are no commissions to pay for depositing or withdrawing money. These transactions can also be automated.
* Low deposits: An online casino with bitcoin transactions allows the players to make minimal deposits. The cryptocurrency can be divided into parts as it has no material representation, that is why the gambler can deposit the amount equal to less than a dollar if preferred. This advantage is loved by users who just like to gamble for the sake of fun and not to make huge profits, as this allows them to place a lot of bets with little money. It allows even lower deposits than the ones offered by a minimum deposit casino.
Now that we have covered the benefits of Bitcoins casinos, let’s take a look at how to create one.
How to open a Bitcoin Casino
Even though the advantages of cryptocurrency gambling are ideal for online casinos, and that platforms with Bitcoin payments are increasing day by day, it is essential to make research the segment and develop a business strategy to ensure a successful project launch.
In the past years, Bitcoin casinos have grown. Nowadays, a casino accepting bitcoin, or any other cryptocurrency, is becoming more common. In fact, 40% of online gambling sites offer cryptocurrency support functions.
There are two types of Bitcoin Casinos; the ones that use the only bitcoin as the only gambling coin, and the ones that include other payment systems. It is crucial to develop a business strategy according to the platform you are willing to launch. There are enterprises that can assist and guide you in the development of Bitcoin casinos of any format.
4 Main ways to create a crypto coin casino
Creating a gambling platform from the ground up independently: This is the most difficult and expensive way, especially if you have no previous experience in this kind of project. It requires independent market research, software purchase, website development, and resource promotion. If you are new in this business buying a ready-made product from a contractor can offer more chances of success and will probably cost you less money.
Buy a White Label online casino: It is a practical and cheaper alternative if you don’t want to start from zero. These are extremely reputable online casinos. They are designed according to the buyer’s individual requirements. This solution allows you to buy an online casino ready to operate, including all the legal aspects of the business which is managed by White Label. It is an easy and quick way to start your business.
Bitcoin casino script: Buying a script is a very popular option. It means you are buying a code that still needs to be finished, so you will have to process the software integration, and order the site. Even though this is the cheapest option, it is not the most effective one. Besides, adapting the code requires an extra cost.
Bitcoin casino turnkey: Choosing this option, you pay for a fully finished product, including documents, the site, games, everything. It is important to make sure you choose a reliable contractor because he is the one responsible to guarantee the quality of the product and how long it takes to be done. Research the contractor, look for customer reviews, find all the information you can, so you don’t end up finding a dishonest partner.