If you are looking for something interesting to do online, there’s a good chance you’ll stumble upon an iGaming operator. Many websites offer games and sports, especially in countries where gambling is legal. Although some states are yet to legalize gambling, many big companies have completed the required steps allowing them to be available worldwide.
Of course, there are many different kinds of gambling operators you can put to the test. Many like to stay as close to the original bookmakers/casinos as possible, whereas others are always trying to find something new and innovative. Therefore, they often focus on offering special things.
One of those special things is cryptocurrencies. The number of sites that offer crypto increases all the time, and so is the number of offers. In fact, by using Stake promotional code to register as a new customer, you can get a special welcome bonus that’s only available after signing up, which is not always possible while using a standard operator. Almost all crypto-gambling operators are different, but certain companies have a lot of things in common, including numerous promotions,
Most people are probably curious to find out more about them, so let’s learn additional details about everything.
The cryptocurrency platforms have a lot of similarities with the regular ones in terms of bonuses
Before sharing some detail about the differences between cryptocurrency betting websites and those that offer regular payment solutions, we need to highlight the similarities. Besides the design, both types of platforms will have at least a couple of different active promotions, many of which are only available to new users, whereas others are there if you are an existing client.
Those offers will probably provide the same things, which include extra funds and the ability to play slots or place bets for free. However, there are many differences in the steps you need to take to obtain them and the conditions you must adhere to (more about it in a bit).
In terms of the different betting sections, most crypto sites have the same things as regular operators. However, there could be some differences in the products themselves because cryptocurrency bookies and casinos often have exclusive products unavailable on a regular iGaming site.
Differences in the bonuses
One of the main topics of this article is cryptocurrency bonuses and how they differ from regular perks. As mentioned, both deals have many similarities because they have specific deposit and bet requirements. Moreover, they will have a playthrough rule everyone has to complete in order to withdraw the given amount they’ve won.
With that said, there are many differences that users need to know before betting. The first one is that clients need to use cryptocurrencies to avail themselves of the specific promotion. Crypto operators do not allow fiat deposits, no matter the currency. Hence, you must choose one of the digital currencies and make the required money transaction.
Regarding the amount of money required for the specific perk, there are different things to be aware of. First, some operators will have a fixed minimum amount of each cryptocurrency that will show you how much you need to use to get it. However, others will transfer this amount to FIAT currencies, meaning the lowest amount will always be different because digital currencies are highly volatile. The second approach is way more prevalent, so be prepared to use more cash.
While talking about the things that are different in crypto and regular bonuses, another thing that’s different is the maximum funds you can get. Since people who gamble with crypto often use more funds than the rest, operators prefer to provide them with more bonus funds. So, don’t be surprised if some of the crypto perks have way more interesting propositions.
In some cases, crypto-betting operators will not require people to verify their identity
One of the steps that everyone has to complete before getting a bonus is to verify their accounts. This process often takes much longer than people think, especially if they live in a country where the gambling authorities require a lot of details. Operators need to collect the data, analyze it, and ensure it’s the same as on your ID card to allow you to verify that account.
Considering that the procedure can take several days, don’t be surprised when you see that a lot of gamblers want to avoid it. The bad news is that this is not possible because clients won’t be able to get their winnings or even use bonuses unless they prove they’re the account’s real owner.
Luckily, this condition is not always present in a cryptocurrency betting website. The latter may provide different kinds of perks and special betting categories even to people who still need to verify their accounts. In fact, those sites may not require clients to go through this at all because one of the points of offering crypto payments is that it allows users to stay safe.
The bad news about the crypto platforms that don’t have this process is that only some of them will have an active license. Therefore, users need to be careful about which sites they’re using because some gambling companies may not be that secure.
The payment process itself
The last important thing we should discuss is the difference between cryptocurrency operators and regular sites in the deposit and withdrawal procedure. Of course, users will see that a lot of things are not the same when talking about the withdrawal and deposit solutions themselves because the regular websites offer e-wallets, bank transfers, and more, whereas the crypto sites have Bitcoin, ETH, and other digital currencies.
Another different thing is the processing time for deposits and withdrawals. People who want to add money to their accounts can do that right away on both sites. However, withdrawals can take significantly longer on regular operators because the latter needs to make sure that the client has completed the KYC procedure. Luckily, this is not an issue when using a crypto operator because the latter offers instant withdrawals.
There are also some specifics about the additional fees. Most regular sites rarely have extra fees clients need to pay, but crypto companies may impose such things on people who make larger transactions.