5 Tips to Maximize your Cryptocurrency Casino Winnings
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The constant fluctuation of the crypto market allows careful investors to capitalize on its volatility. This volatility is also what makes cryptocurrency one of the riskiest banking options for online gambling. If you’re a beginner bettor or a casual gambler who doesn’t make large casino deposits, it’s not recommended that you use crypto to fund your session. However, if you’ve got a good understanding of how the market works, then you can take advantage of the many benefits that crypto wagering can offer.
So, are you ready to start wagering at a crypto casino? Let’s take a look at the top tips for maximizing your casino winnings.
Select A Good Crypto Casino
It may seem obvious, but the first step to maximizing your crypto casino winnings is to choose a top casino that actually offers cryptocurrency payments. You won’t be able to fund your online casino account or cash out your gambling winnings with crypto when playing at US-regulated sites like Caesars or FanDuel. Instead, you’ll need to check out internationally regulated sites such as Bovada.
Bovada is a crypto casino that accepts deposits and withdrawals with popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and USD Tether. Therefore, you can boost your bankroll with crypto bonuses and play your favorite casino games with the added security and anonymity of crypto payments.
Make sure to read player reviews before committing to a casino. While it may hold a reputable license, it may have an unsavory reputation with its users. While you shouldn’t base your decision solely on the opinions of other bettors, their reviews are helpful in getting some unbiased insight into how the casino operates and treats its customers.
Look For Fee-Free Deposits and Withdrawals
If the site does offer crypto payments, it’s worth checking which options you can choose from, such as Bitcoin and Ethereum, and how much of a fee the casino charges for payments. You’ll often find this information on the “Banking” page or within the FAQs, but it’s best to double-check before placing your deposit and coming face-to-face with an unwanted and unexpected fee.
Claim Bonuses
Welcome bonuses and reload offers are enormous advantages of online gambling. They can extend your session considerably, boosting your bankroll with a hefty helping of bonus cash or free spins to hopefully secure some winning wagers. Many crypto casinos offer very generous bonuses to attract new players, where you can cash your winnings out in your preferred currency.
That said, the terms and conditions can make or break a bonus. While a $1,000 deposit match bonus is attractive, it is pointless if it doesn’t have achievable wagering requirements or a long enough expiry date. Always check the small print before you select a bonus, and make sure that the negatives don’t outweigh the positives. Also, check that crypto deposits are eligible for the offer, as some sites may restrict payments with specific methods.
Choose Your Games Wisely
Flashy new slots with interesting themes and immersive soundtracks can be alluring, but do they really offer the best chance to maximize your winnings? Many would argue that the way to give yourself the best chance of winning is by playing skill-based games rather than games of chance. However, as long as you’re selecting games with a high Return to Player (RTP) percentage, slots can offer sizeable payouts.
Similarly, luck-based table games like roulette and craps often boast very low house edges - if you employ a good strategy. Make sure to read up on the rules and strategies of the game before playing your first wager.Make Sure You Understand How Crypto Works
This one sounds obvious, but it’s essential. Due to the market’s inherent volatility, it can be risky for beginner gamblers to wager with crypto. Understanding the risks involved when you gamble using currencies like Bitcoin and Tether is vital.
Unless you are a high roller with a thorough understanding of how the market works (such as conversion rates and cash-out variances), it might be best to avoid crypto wagering. Don’t be disheartened - you can still pay with the most popular US payment options when you wager at a crypto casino.