The advent of decentralized and Web3 technology has started to revolutionize a number of industries. In our case, the online casino sector has completely changed since the arrival of blockchain-related applications in the field. And while many platforms have started their own crypto casino project, the applications they have used have differed, resulting in platforms that offer different benefits from others and are decentralized to differing degrees. It is not up for debate whether decentralized applications have taken online gambling to the next level. The real question is how well – and to what extent – have projects used these applications to improve the user experience? In this article, we will:

  • Take a look at some crypto casino projects, and briefly overview their inherent benefits and flaws (as opposed to CoinGames)
  • Explain why CoinGames, unlike these other platforms, has integrated Web
  • 3 applications in a more seamless and useful manner
  • Take a quick look at why decentralized gambling is overtaking traditional frameworks

Are Other Crypto Casinos Making the Most of Web3?

In the world of online gambling, every project must keep a number of things in mind: each must have amazing promotions, excellent customer service support, facilitated user transactions, a clear and beneficial loyalty system and foster a tight-knit community. While some well known crypto casino platforms have addressed some of these requirements well, they have failed to deliver on others.

  • Let’s begin with one of the most important aspects of gambling: games. Platforms like Solcasino, BetFury and BC.Game have a smaller array of slots and live casino choices than CoinGames. At CoinGames, you can find over 9,000 options that include the most played slots and crash games, as well as a number of roulette, baccarat and blackjack options, as well as much more. This is thanks to the fact that we were granted an Isle of Man license. This meant that we could access a whole variety of providers that were previously unavailable.
  • One perk of crypto casinos is the fact that they have diversified the accepted chains, therefore incorporating many more customers. CoinGames have also followed suit. Like our competitors, we now give players the chance to choose on what chain they wish to start their game session.
  • However, many casinos still severely limit what tokens players can use to play. For example, Rollbit only supports BTC, ETH, LTC and SOL deposits and withdrawals. On CoinGames, you can easily swap your desired currency into one that is supported by the platform. The whole process takes just a matter of seconds.
  • The most important processes to consider within an online casino platform are deposit and withdrawals. They are the two factors that users care the most about, and for good reason. These processes need to be as quick and streamlined as possible in order for a casino to be trusted and generate a core audience or community that enjoys playing there.
  • There are many crypto casinos that, by not fully decentralizing their framework, are unable to offer optimal deposits and withdrawals. For example, some casinos will charge users fees of up to 10% of their deposit when made on a chain that is not the platform’s native one, or are unable to give out timely withdrawals since they are not using smart contract technology, as we’ll see in the next section.
  • It all about the user experience: you can have the best possible customer support service, but if players don’t receive timely withdrawals, or are unable to play with their favorite tokens, it will not matter to them. A fully decentralized framework like the one CoinGames has built its casino and reputation upon, can offer all those benefits without compromising on user experience. Let’s discover how.

How CoinGames Made Decentralization its Best Benefit

CoinGames is effectively the first licensed fully decentralized crypto casino in online gambling, since its launch 12 months ago. The value of the CoinGames crypto casino is directly linked to the unlimited potential of the blockchain technology that the platform has been built upon. The value therefore comes directly from our players, and the main reasons why they love playing on our platform.

  • Let’s start at the beginning. Users enjoy shorter waiting times for the registration process. Why is that? Because unlike other crypto casinos, users can register by simply connecting to the platform through their wallet address. You are not made to provide your email address, create a password and go through 2-step-verification. By connecting your wallet, you are cutting out the middleman and remaining anonymous. This is because you are not obliged to provide personal data once you come back to play.
  • Once you go Web3, you never go back! We’ve made sure of this by becoming the first online casino and sportsbook to be operated exclusively via smart contract. After connecting their wallet, users will interact directly with the smart contract, an automated framework that cannot be tampered with by outside or inside entities. This ensures that your fund transfer and game sessions are always fair, transparent and secure.
  • In casinos like Rollbit and BetFury, your deposits go directly in the casino’s crypto wallet, meaning someone is always involved in fund transfers, which is why withdrawals can be so prolonged. Meanwhile, at CoinGames there is basically no human interaction in your game session. The user deposits directly into our smart contract. This is unlike in other crypto casinos, where players make deposits into the casino’s wallet.
  • The process is quick and automated, just like the withdrawal. Once a user has finished their game session, their withdrawal request is automatically processed by our smart contract, which returns the funds automatically upon the completion of certain criteria – such as wagering requirements in a promotion. At CoinGames, players will usually receive their withdrawal back into their wallet in a matter of minutes, if not less.
  • The user is playing in a safe and streamlined environment, along with the enormous variety of game options at CoinGames. This ensures that the crypto casino game session is an enjoyable and seamless one, where users do not have to worry about delayed withdrawals or issues regarding casino tampering with their funds. By fully decentralizing the processes that involve user experiences, CoinGames has proudly built a casino for the future, and a system based solely on blockchain technology that others will hopefully adopt soon.

Crypto Casinos: The Future is Now

As mentioned above, crypto casinos are leading the sector into a brighter future. However, that future will only be successful if blockchain applications are sorted in a thoroughly decentralized manner, as CoinGames has done since the start. The benefits of crypto casinos are only meaningful if the potential of blockchain technology is used to the best extent. Here are just some of the benefits that decentralized gambling can offer.

  • Increased Security and Privacy: Identity and data theft are near impossible due to the fact that wallet addresses require no personal information unlike a bank account or credit card would when playing on a centralized platform. In addition, on-chain transactions are pseudonymous. This increases the level of privacy for gamers that are asked to connect their wallet and make a transaction.
  • Seamless Transactions: When using crypto on a decentralized platform, no entity can interfere with your transactions or “freeze your account”. This is because there is no central regulatory authority within the game system to take such an action. At CoinGames, for example, the user never loses control of their funds. This is because no third party is ever involved in the management or erogation of their funds. Deposits and withdrawals are automated and managed exclusively by a smart contract.
  • Speed and Fairness: Speed is perhaps the most underrated benefit that blockchain has brought about in the crypto gaming sector. Bitcoin and crypto payments in general are almost always incredibly fast, especially when compared to fiat currency payments. Most transactions, including deposit and withdrawals, usually take just seconds or minutes. Players are also able to verify the fairness of game outcomes, as well as the veracity of all transactions thanks to a distributed ledger system intrinsic in blockchain applications.

To find out more about how CoinGames is revolutioning digital gambling through decentralization, visit our casino, or head over to NFT page to see what else we’ve been working on!