For the longest time, playing at online casinos meant flying solo. However, the rise of crypto casinos helped to break that trend. The rise of sweepstakes casinos took the concept of community gaming to the levels that we all enjoy and accept today. Traditional sweepstakes casinos take many of their cues from the crypto world. This guide helps you explore the growing relationship between crypto and the latest social iGaming world.
Crypto is Finding its way into the Social Gaming Arena
For a long time, one of the pet peeves about playing at sweepstakes casinos was the lack of purchase options. However, a social casino like Stake.US helped to blow the door open for using crypto in the social iGaming sphere. Cryptocurrency provides a secure and private method for a player to deposit money in the casino to purchase coins without having to provide their personal or banking details. Some popular crypto options available include:
- Bitcoin
- Ethereum
- Litecoin
- Dogecoin
- Doge Coin
- Tether
Some sweepstakes casinos, such as Scrooge, even offer their proprietary crypto coins for further involvement.
Why the Crypto Social iGaming Relationship Continues to Blossom
Hopefully, you’ve taken the time to join one or several reputable sweepstakes casinos for the amazing no-deposit bonuses. Below, let’s explore some of the top ways crypto continues to help social gaming get to the next level.
No More Borders
Cryptocurrencies are not restricted by geographic boundaries. This makes it possible for people all around the world to access sweepstakes casinos without any of the restrictions that normally affect traditional financial methods and international transactions like credit cards. Cryptocurrencies even allow you to avoid the fees that are typically associated with currency conversion, no matter where in the world you are playing from, even from the latest phones and tablets.
As cryptocurrency is a global digital currency, it is possible for social casinos to be more accessible and less expensive. With a crypto wallet, these transactions are heavily encrypted and stored on the blockchain ledger for autonomy and privacy.
Cryptocurrency in social casinos enables these platforms to offer players greater control over their transactions and funds. Because all of the transactions on the blockchain are stored in a public space, players have a real-time view of their balances and transaction history. This increased transparency leads to less potential for fraudulent activity and more trust between casinos and players.
Enhanced Incentives
Cryptocurrencies will help online social casinos to offer new and creative loyalty programs and incentives. For example, they will be able to create an automated reward structure, like a Bitcoin casino bonus, available to Bitcoin users.
In addition, cryptocurrencies will allow easy and fast rollout of loyalty tokens or coins. These cryptocurrencies will provide players with instant access to bonuses, rewards, and exclusive promotions. With non-fungible tokens, more sweepstakes casinos offer in-game accomplishments and badges with ownership being stored on the blockchain ledger.
Check the Gaming Results Yourself
Provably fair gambling is a technique that players use to prove to themselves that the casino cannot manipulate the outcome of games. This technique uses cryptography algorithms and random number generation (RNG) to provide complete assurance that the outcome of every game is independently verifiable. Most traditional online casinos only use random number generators. Even though they are certified, you can’t instantly check the results.
Cryptocurrencies are used to keep the games on social casinos fair. These websites are programmed with cryptography algorithms to make sure that the outcomes of every gaming session are independently verifiable and unalterable by players. The cryptographic hash of every gaming session is posted after the game is over. The hash can be verified by the player to prove that the games are fair and that the results have not been altered in any way.
Final Thoughts
The convergence of social gaming experiences and the rise of cryptocurrencies continues to lead to more innovative social iGaming play and ultimately more players signing up. As you navigate these two realms, it’s an adventure that enriches the player’s experience. Crypto social iGaming is creating a new gaming culture.
Chat cheers go up, the leaderboard calls, and the fairness check is just a click away at the latest sites with the help of social media.
