Cryptocurrency
Points to Consider for Choosing the Best Crypto Poker
Introduction
The COVID-19 pandemic that put everything else on hold for nearly a couple of years surprisingly could not dam the growth of cryptocurrencies. The number of crypto users and use cases has increased exponentially during those two years. The crypto casinos are one of the byproducts of the lockdown that is still holding on to a similar momentum because the inclusion of crypto seems to make everything from performance to security better than they already are.
Particularly, classic games like poker have been received well in crypto casinos as they are responsible for moving a large volume of money across accounts. So keep reading to know more about the whats, whys, and hows of Crypto Poker to help you get started in this exciting area.
About Crypto Poker
Crypto Poker can easily be called the new-age iteration of this classic game. Although the gameplay remains untouched for a large part, the innovations in the financial aspect alone are enough to make substantial changes in the game.
Instead of a bank, a player opts to process his funds through a blockchain while using cryptocurrencies for poker. This blockchain is a decentralized infrastructure, meaning your funds do not have to go through an intermediary, making the transfer much faster and more affordable. The transfer is validated through what is known as a network of nodes, and players must offer a fraction of their funds as a mining fee for these nodes.
Why Should You Play Cryptocurrency Poker?
As we have come to the ‘why’ part of the article, let us briefly see about the benefits you get from P
Crypto Poker.
- Huge bonuses are what lure players to Crypto Poker. The decreased upkeep expenses of crypto casinos play a big part in it.
- The wagering and withdrawal limits are comparatively higher than traditional poker games with fiat money.
- Your financial privacy is in safer hands while using Crypto Poker. This public ledger is pseudonymous storage that does not require personal details.
- The lack of intermediaries helps process your payments much faster, especially while making withdrawals.
- Crypto Poker allows you to place your bets in almost any crypto casino across the globe and these digital currencies are tax-efficient, too.
How to Choose the Best Crypto Poker?
Looking for the best crypto poker site can be difficult if you do not have the checklist. So this part of the article provides essential information to assist your selection process.
Different Poker Games
Be sure of your needs while looking for a Crypto Poker platform. A casino can offer different types of poker, like virtual poker, video poker, and live dealer games. Poker also includes variations like Texas Hold ’em, Omaha Hi, Omaha Hi-Lo, 7-Card Stud, Badugi, etc. One must look for a platform with all their preferred games for the best possible experience.
Available Tournaments
If you are looking to earn some additional dimes, tournaments are the best way to do it. You must review various aspects like tournament duration, supported games, and winnings before clicking the start button.
Bonuses & Promotions
Crypto Poker offers endless opportunities to maximize your profits through bonuses and promotions. So, if you can find the absolute best casino, you will not even have to spend your money to earn a profit.
Quick Seats
It could be tiresome to wait for a tournament to join an online poker platform, so you should look for a casino with the Quick seat feature. A platform with the Quick seat feature can get you into a tournament or game in less than a minute after choosing.
Depositing And Withdrawals
Never forget to review the payment methods offered in the casino. Particularly when you are a newcomer, it is better to use a platform such as BetOnline or BitStarz that connect you to regulated exchanges and wallets.
Rakes
In poker tables, rakes are the fees that the players pay online service providers. Generally, crypto casino rakes tend to be much more affordable than traditional poker. A crypto casino’s standard rakes are between 4% and 5%.
Mobility
It is always better to go for a Crypto Poker platform that you can access from different devices. Also, mobility is one of the important signifiers that says a lot about how the operator treats the user experience.
Customer Support
Any activity that involves money is prone to have some trouble while processing. So prompt customer support is not only a sign but also the duty of a reliable crypto casino. This critical function needs to be tested before you can play the games.
Related Article: Top Crypto Gambling Sites
Features of Crypto Poker
Apart from the advantages of cryptocurrencies, you can access several other features in Crypto Poker. The following are some unique features you can find in a Crypto casino.
- Provably Fair is probably the best deal you get in a crypto casino. This cryptographic algorithm helps users actively check the games’ fairness.
- The payments are hassle-free and do not require your details. Furthermore, the platforms can use identity proofing solutions like Proofi to avoid storing users’ data.
- If you are looking to win big in tournaments, cryptocurrencies, like BTC, ETH, etc., should be your choice. For example, One Million Windfall in BetOnline casino is a poker tournament where you can easily turn your $10 into a million dollars if you have what it takes.
- Some casinos have built-in Crypto Exchange features to help you exchange your funds, no matter how small. They also have converter features to keep tabs on your money’s value.
- Players also have choices like Virtual or Live poker games and do not have to compromise on the experience they expect to have.
Conclusion
Crypto Poker is one of the latest trends that not only helps you blow some steam off with exciting gameplay, but it can also help you land the jackpot if you are lucky. But beware not to lose your peace of mind for the jackpot and play responsibly. There is only one true way to win the jackpot in a poker game: to not chase after it.
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SOFTSWISS, a tech company and pioneer in crypto gaming with over 15 years of experience, conducted a survey revealing that the majority view crypto as a key driver for growth in new markets. Experts also analysed this year’s crypto bets to share the latest insights.
Bitcoin recently reached a historic high, getting closer to 90,000 euro per coin. However, during the third quarter of 2024, it faced its sharpest drop in several years. SOFTSWISS experts examine how these market shifts have influenced iGaming performance in the quarterly ‘State of Crypto’ analytics.
A Quarter of the World’s Population Engages in iGaming
Global iGaming statistics indicate that approximately 26% of the world’s population were ever engaged in iGaming. By 2028, the iGaming market is projected to reach 243.2 million users, with a market volume nearing 130 billion euro, a substantial portion of which is expected to involve cryptocurrency.
SOFTSWISS data shows that during the 9 months of 2024, the Total Bet Sum, including both fiat and crypto, increased by 43.1% compared to the same period of 2023. Simultaneously, the Total Bet Count showed even more impressive growth, surpassing 44.5%.
An in-depth comparison analysis since 2022 demonstrates fiat bets are rising much more rapidly than crypto. A comparison between the first nine months of 2024 and the same period of the previous year revealed that the Fiat Bet Sum achieved a 50.4% boost. The conservative approach toward payment methods has resulted in Crypto Bet Sum growing at a slower pace compared to fiat and has led to a modest 4-percentage-points (p.p.) decline in the crypto share in 2024.
[1] Based on data from ongoing projects[
Potential of Crypto in iGaming 2025
According to the SOFTSWISS iGaming Trends 2025 Report, cryptocurrency is set to remain one of the preferred payment methods within the sector. Based on the company’s survey, 58% of respondents identified crypto as the primary driver of growth in new markets, underscoring its essential role in shaping the industry’s future.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, reflects on the possibilities of crypto: “Integrating crypto payments allows iGaming businesses to operate globally, delivering greater speed and convenience. With iGaming’s naturally borderless reach, this expands platforms’ access to a wider international audience, boosting their global growth potential.”
“What is more, crypto transaction fees can be almost three times lower compared to traditional fiat gateways, allowing iGaming businesses to save on processing costs and reinvest that capital”, adds Max Krupyshev, CEO of CryptoProcessing by CoinsPaid.
SOFTSWISS data confirms stable interest in crypto. In the first nine months of 2024, the Crypto Bet Sum increased by 15.2% compared to the same period the previous year. A long-term quarter-by-quarter analysis reveals a consistent growth pattern, though the third quarter of 2024 saw a 9 p.p. decline from the previous quarter. The drop aligns with the decline in the exchange rates of major cryptocurrencies, including Bitcoin, Litecoin, and Ethereum, which occurred in the third quarter.
Meanwhile, the Crypto Bet Count rose by 16.2% in Q3 2024, indicating stable interest in crypto gaming. This combination reveals that while engagement in crypto betting remains steady, the total wagered sum is closely correlated to fluctuations in cryptocurrency exchange rates.
Altcoins Share Growth
The top five most popular cryptos in iGaming have remained stable over the years, with some shifts in the ranking order. Bitcoin, Ethereum, Litecoin, Tether, and Dogecoin are the most popular among crypto players. While altcoins accounted for only 25.1% of bets over the first nine months of last year, their share increased significantly to over 47% during the same period in 2024.
Bitcoin’s share dropped by 22 p.p. during the nine months of 2024 compared to the same period of 2023. At the same time, Tether and Litecoin saw the most impressive share growth, with over 8 p.p. and 7.8 p.p., respectively. Ethereum strengthened by 4.9 p.p.
Another impactful trend reveals some casinos, like Rollbit and Shuffle, utilise their own iGaming tokens to boost player engagement. Tokens designed specifically for gaming offer enhanced compatibility across platforms, lower volatility, and exclusive perks for users. Crypto drives the development of new payment methods and business growth.
Vitali Matsukevich summarises: “Crypto offers iGaming operators key advantages beyond lower costs and global reach. Blockchain enhances safety and fairness through transparency and traceability, with each transaction and game result permanently recorded and tamper-proof. Partnering with trusted crypto experts allows operators to harness these benefits, positioning themselves for growth and effectively navigating market shifts.”
The new SOFTSWISS iGaming Trends 2025 Report offers more insights about crypto in the ever-evolving iGaming sector. The visionary report is free to download via the link.
About SOFTSWISS
SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 23,500 casino games, the Affilka affiliate platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.
The post SOFTSWISS Survey Q3’24: 58% Cite Crypto as Key Driver in New Markets appeared first on European Gaming Industry News.
As the European crypto community prepares for the implementation of the MiCA, Kyrrex is organizing an online X panel to discuss the potential impact and future trajectory of the industry under this new regulatory framework.
The panel “Is MiCA that Bad? The Future of Crypto in Europe,” will take place on November 14, 2024, at 12:00 CET on X Spaces.
This event aims to offer an in-depth examination of the challenges and opportunities that MiCA presents, drawing on the expertise of industry leaders and stakeholders.
Key speakers for the discussion include Mike Romanenko and Kevin Plumpton from Kyrrex,
Tomer Warschauer Nuni from Kima Network, Andrea Zapparoli Manzoni from H4ckManac, Thanos Tsavlis from Cyberscope, and Anoop Nannra from Trugard Labs. Their insights will help attendees understand how MiCA may reshape the crypto landscape and what this means for different segments of the market.
“As MiCA ushers in a new regulatory era for the crypto industry, open discussions are crucial for navigating this transition effectively. By bringing together voices from various sectors, we aim to foster a deeper understanding and proactive approach to the opportunities and challenges ahead,” said Mike Romanenko, CVO & co-founder of Kyrrex. “Engaging in conversations like these helps ensure that the community is informed and prepared for the future of crypto in Europe.”
The panel will be structured to encourage interaction and participation, allowing attendees to submit questions and engage in a discussion with the panel. Topics are expected to include compliance, innovation, and strategies for navigating the evolving regulatory environment.
This event offers professionals, enthusiasts, and stakeholders an opportunity to gain a clearer perspective on what lies ahead as MiCA begins to take effect. It will also provide a space for dialogue and knowledge-sharing, fostering a greater understanding of the potential impacts on the crypto sector in Europe.
Panel “Is MiCA that Bad? The Future of Crypto in Europe” details:
- Date: November 14, 2024
- Time: 12:00 CET
- Platform: X Spaces
The post Kyrrex to host online panel discussion on MiCA and the future of crypto in Europe appeared first on European Gaming Industry News.
Cryptocurrency
United States Online Gambling Industry Research 2023-2029: Cryptocurrency Gains Momentum, Rising Popularity of Esports, Operators Capitalize on Mobile-First Platforms
The “United States Online Gambling Market, By Region, Competition, Forecast and Opportunities 2019-2029F” report has been added to ResearchAndMarkets.com’s offering.
The United States Online Gambling Market was valued at USD 9.5 billion in 2023, and is expected to reach USD 15.99 billion by 2029, rising at a CAGR of 8.90%
The United States online gambling market has experienced significant growth in recent years, driven by a combination of factors. One key driver is the increasing legalization of online gambling across various states. As more states recognize the potential economic benefits and tax revenues associated with online gambling, they are passing legislation to allow for its operation. This has created a favorable regulatory environment, enabling online gambling operators to enter the market and offer their services to a wider audience.
Technological advancements have also played a crucial role in the market’s growth. The widespread availability of high-speed internet and the proliferation of smartphones have made online gambling more accessible than ever before. Consumers can now conveniently access a wide range of gambling options from the comfort of their own homes or on the go, leading to increased participation and engagement.
Furthermore, the growing consumer demand for online gambling has fueled market expansion. The convenience, variety of games, and potential for significant winnings have attracted a large and diverse customer base. Additionally, the COVID-19 pandemic has further accelerated the shift towards online gambling as traditional brick-and-mortar casinos faced temporary closures and restrictions. Overall, the United States online gambling market is poised for continued growth as more states legalize and regulate the industry, technology continues to advance, and consumer demand remains strong.
Expansion of Mobile Gambling
One of the prominent trends in the United States online gambling market is the expansion of mobile gambling. With the widespread adoption of smartphones and the increasing availability of high-speed internet, more consumers are turning to mobile devices for their gambling activities. Mobile gambling offers convenience and flexibility, allowing players to access their favorite games anytime and anywhere.
Operators are capitalizing on this trend by developing mobile-responsive websites and dedicated mobile applications. These platforms provide a seamless and optimized gambling experience, with user-friendly interfaces and a wide range of games tailored for mobile play. The convenience of mobile gambling has attracted a new segment of players who prefer the flexibility of betting on the go.
Emergence of Live Dealer Games
Another significant trend in the United States online gambling market is the emergence of live dealer games. Live dealer games bridge the gap between online gambling and the traditional casino experience by offering real-time interaction with professional dealers through high-definition video streaming.
Players can participate in games such as blackjack, roulette, and baccarat, enjoying the social aspect and immersive atmosphere of a land-based casino from the comfort of their homes. The popularity of live dealer games can be attributed to the desire for a more authentic and interactive gambling experience. Players can chat with the dealers and other participants, creating a sense of community and enhancing the overall entertainment value. The advancements in technology, such as improved video streaming capabilities and enhanced user interfaces, have contributed to the growth of this trend.
Integration of Cryptocurrency
The integration of cryptocurrency as a payment method in the United States online gambling market is gaining traction. Cryptocurrencies such as Bitcoin and Ethereum offer advantages such as enhanced security, faster transactions, and reduced fees compared to traditional payment methods. This has led to an increasing number of online gambling operators accepting cryptocurrencies as a form of payment. The use of cryptocurrency in online gambling appeals to a tech-savvy audience that values privacy and decentralization.
It also enables players from jurisdictions with strict gambling regulations to bypass restrictions and participate in online gambling activities. As the adoption of cryptocurrencies continues to grow, it is expected to have a significant impact on the online gambling market, providing players with more options and operators with increased flexibility in payment processing.
Integration of Esports Betting
Esports betting is gaining momentum in the United States online gambling market, driven by the growing popularity of competitive video gaming. Esports refers to organized multiplayer video game competitions, where professional players compete for prizes. The integration of esports betting allows players to wager on the outcomes of these competitions, adding an additional layer of excitement and engagement.
Esports betting appeals to a younger demographic that is passionate about gaming and follows esports events closely. The availability of live streaming platforms and dedicated esports betting websites has made it easier for players to participate in this form of gambling. Operators are expanding their offerings to include a wide range of esports titles, tournaments, and betting options to cater to the growing demand.
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