The rise of crypto betting casinos
Loop North News

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22-Sep-22 – Crypto casinos used to be in the shadows, only used by early inductees to the crypto craze. This is no longer the case, as cryptocurrency casinos have now entered the mainstream, with many well-regarded online casinos accepting various cryptocurrencies – including, of course, Bitcoin.

Perhaps the best crypto casino out there is Cloudbet, which was one of the original names to accept crypto deposits. With loads of games, some huge prizes, and a welcome bonus worth up to 5 BTC, anyone looking for a new crypto gambling site should make Cloudbet their number one choice.

The Origins of Crypto Casinos

When cryptocurrency casinos first came about, they were very different to the casinos you see nowadays. Instead of having hundreds of games, there were often only three or four. All these games had barely any graphics and were incredibly simple, plus they were all provably fair.

These early crypto casinos were not regulated and therefore many were concerned that the games weren’t fair. This is where provably fair games came in. Every turn would generate random data, which players could take and input into a third-party verifier. This would then confirm that the turn had indeed been a fair one.

These original crypto casinos, which started around ten years ago, were loved by many, and there are several players who still use them today. However, crypto was about to go mainstream, which would lead to a huge change in the crypto casino scene.

Crypto Casinos Become Mainstream

Crypto casinos started doing so well that larger casinos could no longer ignore them. They realized that they too needed to start accepting crypto, and this began when many started to allow Bitcoin transactions. Bitcoin was chosen as it was – and still is – the most popular cryptocurrency, by a considerable distance.

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When these casinos started accepting crypto, it meant that crypto users got access to all the games that those depositing using fiat currencies could play.

They went from having access to a handful of games to being able to play hundreds at one site, including online slots from loads of big providers and live dealer games, which brought online casino players closer to the action than ever before.

Allowing crypto users access to more mainstream sites also meant that they were able to claim big bonuses. At the original crypto casinos, bonuses had mainly been from crypto faucets, meaning they weren’t huge. Now they can claim huge welcome bonuses – such as Cloudbet’s 5 BTC first deposit bonus – as well as free spins, reload bonuses, and more.

More Cryptos Start Being Accepted

As already mentioned, Bitcoin used to be the only cryptocurrency accepted at most crypto casino sites, but as other cryptocurrencies grew in popularity, the casinos realized they had to start accommodating them, too.

Firstly, the larger of the other cryptocurrencies were added as depositing options – cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash. Then some sites, such as Cloudbet, started accepting many other smaller cryptocurrencies, such as Dash, Binance, and Solana.

It’s now the case that you’ll be able to find a crypto casino for all large to medium cryptocurrencies, and even some niche cryptos as well. This has opened the crypto gambling world to more people than ever.

There are now huge numbers of crypto casino sites, ensuring online gamblers can play pretty much every type of game using crypto. These include Cloudbet, which is considered to be one of the world’s top online casinos.

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