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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In March 2024, Bitcoin soared to a historical high, nearing 70,000 euro per coin. How does this impact the iGaming market? Being a tech company with over 15 years of experience and an innovator in crypto iGaming software development, SOFTSWISS shares anticipations in its quarterly crypto analysis.
Over 220 brands powered by the company engaged in crypto transactions during the first quarter of 2024, which is 12% higher than the previous quarter. SOFTSWISS experts analyse the data gathered from crypto-friendly brands by employing extrapolation, comparative, and correlative analysis.
iGaming Market Overview: Unveiling Anticipated Growth
The size of the global online gambling and sports betting industry is expected to rise significantly and exceed 170 billion euro by 2032, according to Statista. Based on SOFTSWISS data, the iGaming market has demonstrated a stable pattern of growth year after year.
In absolute terms in euro, the Total Bet Sum grew by 5.8% in the first quarter of the year compared to the last quarter of 2023. Analysing the year-on-year increase, comparing Q1’24 with Q1’23, the growth is more impressive, showcasing a 47.2% boost.
Simultaneously, the Total Bet Count, both fiat and crypto, displayed a slightly larger gain in the first quarter of 2024 compared to the previous quarter, surpassing 6.1%. The indicator’s year-on-year boost is much more notable, revealing a 57.2% increase.
The popularity of iGaming in recent years has been fuelled by its global reach and accessibility due to constant technological advancements. On one hand, the quality of internet connectivity continues to rise, while on the other, new payment methods are emerging, simplifying payment procedures.
The in-depth quarterly analysis, ongoing since the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q1’24, the Fiat Bet Sum increased by 6.9% compared to Q4’23, while the rise of Crypto Bet Sum was at 2.4%.
The more active growth of fiat bets led to a slight decrease in the share of crypto. In the first quarter of 2024, the crypto share in the Total Bets Sum settled at 24.4%, decreasing by 0.8 percentage points (p.p) compared to the last quarter of 2023.
What is the State of Crypto in iGaming?
Analysing crypto bets, it is crucial to highlight that almost 93% of them are facilitated through the in-game currency conversion tool, which is gaining traction. This mechanism allows operators to engage players with cryptocurrency assets in games initially tailored for fiat only. Operators that adopt such options are gaining more competitive advantages in the market.
While the Q1’2024 Crypto Bet Sum shows a moderate 2.4% growth compared to the previous quarter, the year-on-year analysis demonstrates a 20.8% increase. The Crypto Bet Count remained unchanged in Q1’24 compared to the previous quarter’s indicator. Simultaneously, the metric increased by 21.3% year-on-year. The figures speak volumes, showcasing a consistent interest among players in crypto gaming.
“The lack of a substantial increase in the number of crypto bets during Q1’24 can be partly attributed to the significant rise of the Bitcoin exchange rate during this period, leading players to be more cautious with their crypto bets. This trend mirrors the situation in the first quarter of the previous year when the Bitcoin exchange rate surged following a decline at the end of 2022,” comments Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.
What Distinguishes the Average Crypto Bet?
The average crypto bet increased to 1.71 euro in the first quarter of the year from 1.66 euro in the last quarter of 2023. This growth correlates with a significant strengthening of the Bitcoin rate during the first quarter of 2024.
The average fiat bet remained steady at around 0.81 euro in Q1’24 and Q4’23. The average total bet stayed constant since the second half of the previous year and is equal to 0.93 euro.
Notably, the average crypto bet is double that of fiat. This indicates that digital currencies are preferred by higher-income players.
Why Did Bitcoin’s Share Drop?
The Top Five most operated digital coins in iGaming have remained stable during the last two years with minor changes in ranking order. The top still includes Bitcoin, Ethereum, Litecoin, Dogecoin, and Tether.
In Q1 2024, Bitcoin experienced a significant decline of 9.4 p.p. compared to Q4 2023. This could be attributed to the bolstering Bitcoin exchange rate and players exercising a more cautious approach towards it.
In contrast, the shares of other digital coins have increased. Ethereum and Litecoin showed growth of 4.0 p.p. and 3.8 p.p., respectively, during the same period. Simultaneously, Dogecoin rose to fourth place in the ranking, leaving Tether behind.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The benefits of employing digital currencies, such as fast transactions and anonymity, still attract many players. Embracing cryptocurrencies in iGaming can boost operator profits despite their volatile nature.
As the Bitcoin rate is expected to strengthen after the Bitcoin Halving, the average crypto bet and projected gains may see a notable impact. During such promising times, it is crucial to have reliable and experienced partners to navigate the path to success.”
About SOFTSWISS
SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform, and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.
The post Navigating Bitcoin’s Impact: SOFTSWISS’ iGaming Industry Overview appeared first on European Gaming Industry News.
AC Milan and TG.Casino announced a new partnership, which sees the crypto casino platform become the Official Regional iGaming Partner of the Rossoneri in Europe.
This new collaboration between two frontrunners in their own fields offers a great opportunity to create something new and innovative. This partnership demonstrates the platform’s intent to take on and beat the iGaming competition to become the ultimate destination for all ambitious players. The deal catapults TG.Casino into the top ranks of GameFi by bringing the brand into the living rooms and onto the mobiles of tens of millions of consumers all over Europe.
Through this new partnership, $TGC token holders will have the chance to win lots of experiences offered by the Rossoneri club. From visits to the Milanello training centre to winning official AC Milan jerseys and VIP access at the San Siro stadium, football fans will have the chance to enjoy unique and exclusive experiences.
The new partnership provides AC Milan with a new fan engagement tool, creating bespoke experiences, which aim to give them more access, and bring them even closer to their beloved Club.
The post TG.Casino Signs Partnership with AC Milan appeared first on European Gaming Industry News.
Hub88 has entered into a partnership with Stake, which will see it become the exclusive aggregation partner to the trailblazing crypto behemoth.
Through the alliance, Stake will integrate the entire content portfolio of Hub88 and provide its players with games from 120+ of the industry’s most sought-after studios.
As well as hit slot titles, Stake will benefit from live dealer and other iGaming content available via Hub88’s premium platform offering, as well as value-added propositions such as HubWallet Banking, Crypto Payments, and chat services which is part of the provider’s ecosystem.
Stake is a community-based betting platform that was established in 2017 and quickly became the world’s biggest cryptocurrency sportsbook and casino. The operator also has a substantial sweepstake casino offering, providing free-to-play casino experiences to users.
The exclusive deal is an extension of an already successful partnership between the two brands and will help both companies significantly propel their ambitious commercial growth goals.
Mark Taffler, Commercial Director of Hub88, said: “We’re delighted to take our relationship with Stake to the next level. Fundamentally, we come from the same place as crypto is at the heart of what we both do.
“We will now be able to work even more closely with Stake. and help them boost their business by providing our best-in-class tech offering, content supply and account management while further adding value by delivering our business-enabling propositions such as Banking, Crypto Payments, and our HubWallet solution.”
Eddie Craven, Owner of Stake, said: “We’ve grown to trust Hub88 implicitly and their transparency and approach to business makes us secure that we are provided with the best content offering with a superior tech stack and back-end support.
“Hub88 is genuinely an extension of our own business and as a trusted and well-established partner, we’re super excited to take this to the next level.”
The post Hub88 strikes exclusive partnership with crypto giant Stake.com appeared first on European Gaming Industry News.
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