How to Open a Bitcoin Casino: About the Nuances of Launching a Cryptocurrency Startup

The gambling industry demonstrates the rapid growth along with unique fashion trends and an ability to use the latest technologies.

One of the innovative solutions that have instantly gained popularity of millions of gamblers all over the world is the use of a bitcoin digital currency. It is a unique type of money that exists only on the Internet. The list of advantages of cryptocurrency in comparison with other financial instruments has caused a tremendous furore in the global economic market and in the gaming industry. Therefore, the question “How to open a bitcoin casino?” has become quite natural and for quite a long time is among the top requests in search engines.

For more information and services on the development and promotion of gambling projects based on the use of cryptocurrency, you can contact the Smart Money company. We are ready to create a unique product that can provide strong competition in the international gambling market.

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Casino bitcoins: Where did the Virtual Money Come From?

The appearance of an electronic currency was directly related to the global financial crisis that happened in 2008. The global collapse of the market has shaken the confidence not only in banks but also the entire existing economic system.

The cryptocurrency was invented by the Japanese Satoshi Nakamoto, although even today, there is no reliable information on this person. Moreover, there is an opinion on the Internet that a group of people is hiding behind this name because they want to remain anonymous. In 2008, a file was uploaded to the World Wide Web, which has described in detail the operation of electronic money and the main principles of operation of the bitcoin innovation system.

The minimal bitcoin unit is known as Satoshi. The figure is divided into the eighth value (one hundred millionths). Each new currency inflow is the result of computing operations performed by users. This process was called mining (it came from the term “mining works”) and is a record of all financial manipulations that were carried out with its subsequent “coverage” and encrypt with a special signature. Each new block is encrypted in an identical manner with the inclusion of the signature of the previous element. The last action makes the transaction irrevocable, and the system is automatically protected from the infusion of third-party funds and counterfeit banknotes.

The total amount of currency is limited by a special algorithm and cannot exceed the mark of twenty-one million units. At the moment, there are approximately fifteen million people on the Internet, and with each new day, the creation of a currency is running its core. Experts predict that new infusions will stop already in twenty years.

An interesting feature of the system is that the performance level of a bitcoin network is fifteen times more than computation powers of the most advanced computing devices. Accordingly, the are simply no chances for at least minimal control over the system.

The first bitcoin casino was established in the spring of 2012. The British gambling establishment that was called Satoshi Dice was the property of an unknown investor and accepted only virtual money as a method of payment. Only during six months of its existence, the platform has earned about four hundred thousand dollars. In 2013, this bitcoin casino was sold for one hundred twenty-six thousand three hundred fifteen bitcoins (today it is fifty million dollars). There is no information on the buyer of the gambling club.

The Best Casino Bitcoins: a Review of the Most Famous Websites

Experts from Smart Money have made a list of the most popular and sought-after gambling establishments that work with bitcoins.

So, the best casinos that accept the described currency are:

Bitcasino.io

The io casino resource exists since 2013 and is considered to be one of the first establishments that have started to accept virtual money as a method of payment. Bitcasino.io operates under a Curacao license and is served by the best bitcoin casino provider CoinGaming on the basis of a White Label affiliate program.

The casino offers the widest range of gambling entertainment: from classic table games and video slots to broadcasts with live croupiers and a section with custom lotteries. In total, the resource contains more than one thousand three hundred items of content. Io casino accepts only bitcoins.

1xBit.com

A unique feature of the service is that in addition to the usual set of games, players are provided with an opportunity to place bets on the outcomes of sports events. Moreover, the choice of competitions inspires respect: from Japanese basketball to Primera Division (Spain).

The website offers traditional slots, a live casino, poker, and bets on eSports events.

FortuneJack casino

This virtual gambling club pleases visitors with the fact that every detail was well-thought-out. It works only with cryptocurrency and operates one thousand mBTC daily. Bonuses are awarded to random users.

Special attention should be paid to the level of security of the system and the absolute transparency of the gameplay.

CryptoWild Casino

It is a new gaming site, which was launched only in 2017 but it has already gained worldwide recognition. The establishment operates on a legal basis under the license of Curacao and offers about one thousand gambling solutions.

The online casino has many types of entertainment from classic table games and slot machines to live broadcasts and virtual football matches.

Pokerdom

The website is extremely popular with gamblers — by the end of 2017, more than a million active users were registered on it. According to statistics, only five thousand Russian-speaking users visit the location every day, and there are players from many other countries as well.

Dunder

This live casino was launched in 2016. The website pleases gamblers with a rather unusual design and \ structure. Each visitor can choose between several dozen of tables, and each of them has a real croupier. In addition to table games, the gaming site offers more than one thousand of the most in-demand video slots.

Online Casino Bitcoins: Predictions for the Gambling Market

Bitcoin casinos on gambling market

According to statistics, bitcoin clubs occupy 15% of the total number of gambling establishments on the Internet.

Two years ago, the total size of bets made at bitcoin online casinos has reached one million five hundred thousand BTC, and the net income of investors was about five thousand BTC. Last year, there were placed more than three hundred bets per second, and the average size of replenishments was 2.75 BTC. The highest bet was nine thousand five hundred eighty-four BTC.

Despite the rather low income of investors, the growth of cryptocurrency websites is incredible. Many bitcoin casinos are launched every single day.

To date, capitalisation of the bitcoin gambling market has reached thirty billion dollars, and there is a clear tendency of growth — more than 10% annually. According to experts of CASEXE, in five years, half of the existing online gambling clubs will work with cryptocurrency.

An interesting fact is that the audience of bitcoin casinos is much younger than visitors of classic online websites (the approximate age of users is from thirty to thirty-two years). Moreover, in those gambling establishments that accept cryptocurrency, there are 88% of men and only 12% of women. The situation in traditional casinos is completely the opposite: about 55% of clients are women.

How to Open a Bitcoin Casino: Options for Launching a Project

Modern gambling industry allows you to start a new bitcoin casino in several ways. Among the common options, we can name:

An Independent Launch

This is a very time-consuming option with the highest price. Such a project may cost more than fifty thousand dollars. Only the development of the website with the help of competent specialists can reach twenty thousand dollars. Also, do not forget about the purchase of a license, the conclusion of contracts with software vendors, the need to hire staff, and much more.

A Bitcoin Casino Script

This way is pretty cheap. Unfortunately, this is its only advantage. It is possible to buy a casino script for a few hundred dollars but no one can guarantee that it will be qualitative and efficient. Beginning entrepreneurs will have to pay additional money for the services of the developer to bring the raw code to mind. Also, you cannot forget about the costs of the legalisation of a company and the purchase of the content.

White Label

An affiliate program is a convenient alternative for entrepreneurs with the limited initial capital. Fundamentally, it is an acquisition of a complete set of solutions with the possibility of launching a project just a week after a contract is concluded. Business owners get a chance to use their own brand and design and significantly save money both on the development of the website’s content and on permit and customer support service.

A big disadvantage of this solution is the dependence on the “parent” company. When you are working under the “white label” scheme, you are not allowed to make any changes to the project (it applies both to the set of software and the nuances of technical support or the number of languages, on which the interface is translated).

A Turnkey Bitcoin Casino

This is the most profitable and convenient option, which involves close cooperation with the contractor. A company that provides development services deals not only with the creation of a gaming site and the design of the resource but also independently concludes contracts with providers of games, offers the best affiliate programs, and organises technical and legal support for the project.

More information on the positive aspects of the purchase of a turnkey bitcoin casino and a detailed description of the set of services can be received from Smart Money.

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How to Open a Bitcoin Casino: the Advantages of the Websites That Accept Cryptocurrency

Gampling platforms accepting cryptocurrencies including Bitcoin

A bitcoin casino is different from its competitors in the following features and positive aspects:

  • Absolute anonymity. In bitcoin gambling club a, as a rule, there is a simplified registration system — customers do not have to provide their passport data or any other personal information.
  • Safety of accounts. If in a traditional casino, in the case of various violations or suspicious activities, accounts and deposits of visitors are blocked, then the access to bitcoin wallets will be simply impossible for anyone but their owners.
  • Minimum sizes of transfers. The size of a bet may be about 0.0001 dollars.
  • Full independence from the legislation of any of the existing countries. Digital currency is not registered in the state systems and cannot be blocked.
  • No commission fees since there are no intermediaries in the form of payment systems or banking institutions.
  • Availability. You can make bitcoin payments anywhere in the world. The only condition is the presence of an electronic wallet and access to the World Wide Web.

How to open a bitcoin casino with Smart Money

We offer you the best components and services for the successful launch of a gambling project of any format. Our experts will help you to create websites of various types: clubs, which work only with cryptocurrency, and locations with a set of classic payment processors, equipped with additional software for the acceptance of bitcoin payments.

The range of products includes software for the organisation of classic network resources, bingo halls, betting shops, lotteries, and pari-mutuel betting. We cooperate with the world’s leading providers and offer software from such famous brands as Playtech, Novomatic, Igrosoft, NetEtn, Amatic, and Microgaming.

An additional advantage of the cooperation with us is an ability to order comprehensive legal support of the project. We are ready to take care of all the issues regarding the registration of a legal entity, the purchase of a permit, the conclusion of partnership agreements, and so on. Also, there is a service for the development of an exclusive gaming content based on HTML5 technology.

Order service

For more detailed information, please contact us:

  • by e-mail: manager@sm-pay.com;
  • in Skype: sm.pay;
  • via the feedback form.

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