Crypto casinos offer players the opportunity to deposit and play using cryptocurrencies. They have become an increasingly popular part of the online casino ecosystem, offering a vast choice of table games and slots using various payment methods.
Crypto slots usually offer the same gameplay and features as regular online slots. In fact, they are very often the exact same games played using a crypto balance, although some exclusive crypto slots are offered on major platforms.
For players who are looking to use crypto at online casinos for the first time, the picture can be confusing. Thankfully, it's easy enough to clear up once you understand what a crypto slot is.
Making Deposits Using Cryptocurrency
By definition, crypto casinos allow you to make deposits on the site using cryptocurrency. Usually, this will include Bitcoin, Ethereum, Litecoin and USDT.
After making a crypto deposit, some crypto casinos have a display feature that shows your balance in USD. This is just for comparison purposes. The balance remains in cryptocurrency and the games are played using the coin used to deposit.
Check out how each crypto casino site works before playing so that you know how your funds will be handled.
Types of Crypto Slots
Once your crypto balance has been uploaded, you’ll be able to browse the online casino’s selection of slots and play using cryptocurrency.
Many of the crypto slots you can find at popular sites are the exact same slots that are available at regular online casinos, which are made by established providers like Pragmatic Play and Evolution.
Some platforms, such as mBit Casino, that offer crypto slots also have their own unique selection on offer that can’t be found on other platforms. By offering a combination of the most popular slots in the world and a handful of unique titles, players are given a wide yet refined choice of games.
Crypto Slots Gameplay Features
Aside from the difference in payment and wagering methods, crypto slots are very much the same as regular online slots. They come in various themes and have all the gameplay features you would expect.
You'll easily be able to find a fishing theme crypto slot with a Hold & Win feature, or a Megaways crypto slot with a progressive jackpot. Here are the type of crypto slots and features on offer:
-Three-reel slots – Spin the reels and match the symbols for payouts.
-Modern video slots – Flashy themes and a variety of gameplay options.
-Megaways – Thousands or hundreds of thousands of ways to win, often include cascading reels.
-Hold & Win – Hold features to win instant prizes.
-Progressive jackpot slots - Trigger the jackpot to win huge prizes that are pooled across games.
Whatever your preference, you won't be restricted when it comes to gameplay options and features when playing crypto slots.
RTP and Volatility
As with any slot game, you should also consider RTP and volatility. Return to Player (RTP) is the average percentage paid back to players. If the RTP is 96%, an average of $96 is paid out per $100 wagered across the entire player pool.
Volatility refers to the distribution of payouts. A low volatility slot typically pays out frequently but with smaller payouts, whereas a high volatility slot tends to pay out bigger amounts less often.
As a player, you’re looking for a reasonable RTP. Volatility is a matter of preference and your attitude to risk or reward. If you prefer a steadier, potentially longer session, stick to lower volatility slots. If you want the chance to win bigger jackpots, choose high volatility games.
Fees, Currency Volatility, and Withdrawals
When playing online slots using cryptocurrency, there are a few specifics to keep in mind.
First, crypto casinos can potentially offer lower transaction fees than standard online casinos, reducing costs for both the site operator and players. However, crypto transaction fees depend on factors like the crypto that you use and the network demand, so they can fluctuate.
Another factor worth considering is the volatility of the particular coin you are using to deposit and play. The value of a given cryptocurrency can swing wildly, so the funds you deposit can go up or down relative to the dollar.
It's also worth checking out a crypto casino's withdrawal methods and timeframes. Most will allow withdrawals using the same crypto that you deposited with, and crypto withdrawals tend to be faster as long as network demand isn’t too high.
Why Choose Crypto Slots?
Crypto slots aren't here to replace standard online slots. Instead, they offer players more options when it comes to deposits and wagering. People who are already interested in crypto can use their coins to play their favorites or try out new games. Those who are new to the crypto world can benefit from potentially lower transaction fees and boosted casino promotions.
