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Guide To Crypto Slot Games

by ReadyBetGo Editor

Crypto slot games have widely become popular for both seasoned gamblers and newbies alike. These games offer excitement and often huge rewards through the utilization of cryptocurrency. But where isReadyBetGo EditorThere are occasions when we here at ReadyBetGo want to bring you interesting facts about the gambling industry  When something catches our eye, we will publish it for your enjoyment. 
  the best place to start and what are the advantages of crypto slots sites to make them so appealing?

What Are Crypto Slot Games?

Let’s start with what exactly is a crypto slot game? Simply put, It is a digital slot machine that uses cryptocurrency as it’s method of payment, anything from Bitcoin to Litecoin and so on. In a very similar way to traditional online slots they are hosted on online casino sites with the exception that they accept cryptocurrencies. There are many advantages to cryptocurrency being used within the online gambling industry as they allow for faster & more secure transactions, creating a more seamless user experience.

Crypto slots are also extremely fair and unpredictable as they use random number generators meaning that the outcomes are entirely random; creating a fairer playing field for all players.

How To Get Started With Crypto Slots

For those who are new to this, it can be a bit daunting on where to start and how to get into playing crypto slots. Let’s start at the beginning:

  1. Choose a Crypto Casino to suit you: It is vital that you select a reputable online casino that supports crypto slots but is also vetted and deemed safe to use. There are a few ways to make sure the casino is reputable but also check their license and reviews from other players as this is the quickest method.

 

  1. Set Up a Crypto Wallet: This can be the hardest part to get your head around if you’re new here. If you don't already have one, set up a cryptocurrency wallet to store your funds. Wallets can be online (web wallets), hardware devices, or mobile apps.
  1. Buy Cryptocurrency: Again this might sound straight forward, as if buying coins within a game, but perhaps trying to learn more about the world of cryptocurrency and investing is the best place to start here. With so many to choose from, it is important to do this step right.
  1. Deposit Funds: Transfer your cryptocurrency to the casino’s wallet. This process usually involves copying the casino’s wallet address and sending the desired amount.
  1. Select a slot game: There is an abundance of games to choose from, you might already have one in mind, but be sure to check out all the weird and wonderful options available (and ideally one with a high RTP rate).

As mentioned, there are many advantages to crypto slots, here are some incase you need convincing.

Security and Privacy

With the world of cryptocurrency being rather cryptic in some people’s minds, it is hard for them to believe that actually one of the advantages is enhanced security. The blockchain technology, that is the foundation of cryptocurrency, ensures that transactions are secure, safe and transparent. They are able to offer greater privacy and anonymity vs traditional online casinos as the transactions do not require personal information to be given.

Lower Fees

Cryptocurrency transactions generally have lower fees associated with them than credit card or bank transfers. This means you’re in luck as more of your money goes directly to gameplay rather than being lost to transaction costs.

Fast Transactions

Deposits and withdrawals with cryptocurrency are typically faster than traditional banking methods. This is because you are not waiting for a middle man as such to handle your transaction, for example it can take a few days with some banks to complete transfers, whilst crypto transactions are usually sorted in a few minutes.

Global Accessibility

Cryptocurrencies are decentralized and not tied to any specific country. This makes crypto slot games way more accessible to players around the world, regardless of local banking restrictions. However it is worth noting that along with traditional online gambling, there are restrictions for many countries on both crypto and traditional forms.

Within online gambling, crypto slot games are able to offer a new and exciting way to enjoy the games. Whilst the set up of crypto can seem daunting in the beginning, they offer players enhanced security, privacy and faster transactions which can be adopted whether you're new to the industry or not. Understanding the way the games work is essential for longer term success and by following best practice advice you can try to maximize your investment and enjoyment.

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