How To Develop A Bitcoin Casino Platform For Business

Technology is the driving force behind many of today’s industries – but none more-so than iGaming.

The industry has seen multiple revolutions and changes over the years, and one of the biggest recorded trends so far is Bitcoin Casinos. 

Nowadays, many online casinos allow withdrawals and deposits in cryptocurrencies alongside fiat currencies, with some transacting with cryptocurrency exclusively.

Why choose a Crypto Casino?

Using crypto in casinos has many benefits for the casinos and players alike, but it’s undeniably a smart move for the operators. Cryptocurrency is readily available worldwide meaning this level of accessibility makes it easier to reach more players with Bitcoin casinos.

Blockchain technology makes it impossible to track player’s information offering a greater degree of confidentiality. Transactions are safe and secure with little to no transaction fees, low deposits and super-fast payments.

Players also enjoy the fact that they can place bets at minimum deposit limits, much lower than traditional casinos.

Why do players like Bitcoin Casinos?

Compared to fiat currencies which are backed up by the government, cryptocurrencies are powered by a decentralised ledger where all transactions are registered. This ledger is eventually distributed across a vast database accompanied by a million copies.

Anyone with access to the network can verify a transaction. The interconnecting elements of the Blockchain make it difficult to tamper with Bitcoin’s history without leaving a trace so players enjoy the security and transparency that decentralisation provides.

Cryptocurrencies also offer anonymity at a high standard. The fact that the transaction history of cryptocurrencies is integrated into the blockchain is enough proof of identity. However, this does not guarantee anonymity as the holder’s wallet address is recorded on the blockchain. 

Online casinos also offer a level playing ground for all players since players can verify that the results are authentic due to the game’s algorithm.

How to start a Bitcoin Casino?

Starting a Bitcoin casino or a traditional casino has similar requirements. The first step is to study the market and understand players’ needs, popular games and marketing channels.

A trustworthy backend helps you monitor your business performance, generate reports, and track progress so it is important to choose a fast, flexible and effective Bitcoin casino platform.

A reliable platform offers a CRM system and reporting system, fraud and financial modules to keep players’ trust and maintain financial integrity, round-the-clock technical support, live chat and player segmentation.

Good software must be customisable, meaning the website’s features, appearance, and navigation can be adjusted to the player’s taste. White Label and Turnkey Solutions help to make the frontend customisable.

Payment options not limited to cryptocurrencies is another important element of a successful online casino.

Indeed, most cryptocurrency casinos accept Bitcoin exclusively; however, they should also be able to offer payment in fiat currency. The situation of Bitcoin Casinos on the Blockchain also limits the games they can offer since most games need to be blockchain-based to function.

Once these have been put in place, the next step is to begin the phase of marketing. This is important to get players to register on the website and get started with proper incentives that are sure to reel players in.

NuxGame has been providing B2B solutions in top-notch iGaming products since 2018. The company was founded by a team of industry experts with a clear vision of the future of the iGaming industry.

Learn more about the latest iGaming solutions for your company get in touch with them here.

Tag someone who loves crypto.