Crypto Gambling For New Players: Start Fast and Save Time

The Pitfall You Would Want to Avoid

For a beginner to figure out where to start their journey in gambling, its not necessary to read articles, blogs, or watch videos about different casinos, games and slots. You could just pick the first site you have found and start playing there. Only to get stuck later on, dealing with delayed payouts or lose your entire deposit by not understanding the real expectations of the game.

There is a better way: for example, you can read this article about how to get started in crypto gambling and avoid the most common mistakes beginners make. So today, you will learn, what you need to consider before you start playing at a online crypto casino.

A Brief History of Crypto Gambling: From Satoshi to No-KYC Casinos

The term "cryptocurrency" first appeared in 2009, when an anonymous developer under the nickname "Satoshi Nakamoto" created the worlds first cryptocurrency - Bitcoin. In 2012, the first gambling site, SatoshiDice, launched online, marking the beginning of decentralized applications, also known as DApps (Decentralized Applications).

The advantage of such applications was that users didn't need to go through identity verifications. All transactions were processed not through a single centralized system, like a bank, but through a network of many computers, that confirmed transactions and created new “blocks” in the blockchain.

Today, sites that don't require user verification are called no-KYC sites. However, this doesn't mean that verification can be avoided entirely. As regulations and licensing requirements become more complex in the gambling industry, to ensure order and integrity, even crypto casino is increasingly forced to update their terms and conditions. Therefore, for large winnings, user verification may still be requested by the website customer managmenent team.

Players First steps in the Crypto Gambling Field

Select a Wallet

To start playing, first and foremost, you will need a crypto wallet. It will allow you to deposit money to your balance and then withdraw it after winning. Wallets such as MetaMask, Trustee, Exodus, Ledger, or Trezor offer a user-friendly way to manage your crypto assets, with the option to transfer them to other wallets. Exchanges, are also a convenient way to deposit funds and transferring it to your balance at an online casino.

In our reviews of various casinos, we indicate which currencies are supported by the casino, so before you start depositing, make sure your wallet supports the coin you want to deposit with. Also, make sure the casino offers deposits in the selected currency.

Choosing the right casino: What to look for

Of course, the most important step is choosing the place where you want to play. There are many different casinos online. From those that offer nothing to new players, to those that literally shower you with bonuses. However, welcome bonuses are not the most important factor when choosing an online casino. Let's look at a few important points we've highlighted.

Support for Multiple Coins

A major factor, as we mentioned earlier, is the support for coins and wallets on the site. For example, you're holding USDT on the ERC-20 network, which the casino doesn't support. You'll have to manually bridge your funds to another network to make a deposit, which is time-consuming.

If you have altcoins you don't mind risking, and the casino accepts those coins, then that's a great reason to try test your luck and increase your balance.

Games and Providers Selection

A small selection of games and providers may indicate that your chances of winning will be lower, since the overall deposit pool among available providers is smaller. Most legal crypto casinos usually include providers like Evolution Gaming, BGaming, Pragmatic Play, and others and have a variety of games to choose from.

Customer Support

Do you know how quickly support responds? After registering, ask a question like whether there is bonus status tracking in your account dashboard. See how long it takes for you to receive an answer.

Registration Process

You have a wallet, you've chosen a crypto casino, so - what's next? Of course, registration. There is nothing complicated here, however, be careful and choose registration methods that are separate from your personal everyday account.

For example, if you don't have a separate email for gambling, create one. This will prevent promotional emails from ever reaching your personal inbox. In case you decide to quit playing, delete that email account without the possibility of recovery.

Deposit Conditions

Wager

Next comes the deposit process. Let's assume you need to make a deposit and you will receive a bonus, also known as a deposit bonus. What catch might be waiting for you at this point? That's right — Wager Requirements. No bonus is given just like that. Think about it: what’s the point of giving you a 100% deposit bonus and allowing you to withdraw it immediately? We're not talking about a charity organization here.

In our blog, we've already covered casino wagering requirements, and we'll say it 100 more times - correctly calculating the wager is critically important in deciding whether to make a deposit or not. If the wager is too high, the chances of withdrawing anything are extremely low. Use our casino bonus calculator to find out the true game expectation.

RTP

Soon a separate post will be created to cover this topic, where we will explain in detail what RTP is, why not everyone understands the true meaning of RTP, while providing clear illustrations with calculations.

For now, we'll simply say that RTP in different casinos, even from the same providers and in the same slots, can vary. However, this does not change the fact that the deposit pool is shared among all players in all casinos. Which means that playing slots that millions of players are playing - even with small bets, will be more profitable, than playing slots with fewer players and higher bets.

Other bonus usage conditions

In addition to the wager, read other bonus conditions, like:

• Withdrawal Limits;
• Expiration period after activation;
• Max bet.
• Games are available to use the bonus.

This will help avoid unpleasant situations in the future.

Conclusion

Now that you know about the right way to start playing at crypto casinos, you can avoid the typical pitfalls and problems. If you struggle to choose a reliable online casino, check out our Top 10 No KYC Casino list, and enjoy big winnings. Gamble safe!