What is an online casino platform?
We can help you obtain your Crypto Gaming License
There has been an explosion of interest in cryptocurrencies along with the growth of demand for more and better online casino gambling sites that can handle crypto wagering. Now, online casinos need to fully integrate crypto payments into every aspect of the online experience. The cryptocurrency gambling platform needs to be able to offer players gaming where all the transactions are in cryptocurrencies.
On traditional online gambling sites, players are able to deposit, wager and withdraw euro, pound or dollar “fiat” denominations. These transactions usually involve the movement of funds through credit cards, bank account wire transfers and other conventional means.
In the new crypto gaming platform environment, the user interface must now allow for deposits into the player’s casino account directly from their crypto wallets. It means that their transactions and gambling on a crypto gaming platform are completely anonymous, unlike when they are using credit cards or wire transfers into and out of their bank accounts.
GBO has all the necessary expertise you need to adapt your casino’s operations to handle this new facility. We have been helping hundreds of customers set up online gaming operations in the most developed markets for more than twelve years. As well, from the beginning, we have also been at the front of helping businesses that are seeking to expand their operations into cryptocurrencies.
We can help you obtain your Crypto Gaming License
Before diving into the nuts and bolts of currencies, the basic purpose of the casino platform is to present a user interface built on a platform of gaming software that allows players to gamble on the website. This involves player registration, and a portal for them to sign-up, deposit funds, play, and withdraw.
It’s important not to confuse the workings of the front-end platform with the gambling packages that control the actual games. Casinos must provide a range of games for players to gamble on. These games are usually sourced from major software developers who have developed online slot games and other gambling tools. The casino’s gaming platform integrates the functions of players’ fund management with the front-end gaming interface so that players can stake bets in the game of their choice.
What is a Crypto Gaming platform?
The only difference between a conventional online casino gaming platform and the new crypto gaming platform is that players can now do the movements of their funds outside of the banking system, not with credit cards and wire transfers. Transactions through banks and credit cards are visible to the authorities.
When they are gambling with cryptos, players can stake units of cryptocurrency that they hold in their casino account, exactly as before when they were staking dollars, pounds or euros. The front-end gambling software needs only to recognize that the stake has a different denomination (say one bitcoin, rather than one dollar). All other functions are exactly the same – bets are deducted from the player’s account when wagered, and winnings are credited back to the account, all in the wagered unit of cryptocurrency.
How is crypto gaming different from fiat currency gaming?
The most important difference between ordinary currency and cryptocurrency is that all cryptocurrencies are built on blockchain technology, and they are completely outside the supervision of the regular banking system. So a blockchain gaming platform allows people who may otherwise be prevented from gambling with ordinary currencies to enjoy the same activities as other gamblers. The most important thing that gambling with crypto on a blockchain gaming platform brings is complete anonymity. Deposits, bets and winnings cannot be tracked back to the gaming site’s customers.
What is the most popular crypto gaming platform?
The majority of new crypto gaming platforms started out as Bitcoin gaming platforms because Bitcoin is by far the most important and widely known of all cryptocurrencies. Some of the crypto gambling platforms have now expanded to accommodate other cryptos. Many online casinos have added crypto abilities to their ordinary currencies. Some have remained as purely Bitcoin gaming platforms because that is where the market demand remains highest.
Selecting cryptocurrency gaming software
The first choice to be made is whether you will build your own software solution either with private resources or as a turnkey project provided by a vendor. In general, this option can get you some unique advantages over the rest of the market, but it is more expensive, with longer lead-in times. Alternatively, you can choose from the many “white label” solutions. There are hundreds of software services and packages specifically designed for cryptocurrency exchange operations. These can be leased or rented without substantial upfront expense.
Which is the best crypto gambling software?
There are dozens of different software packages available and the choice depends very much on your own business needs. You should let GBO’s expert team guide you through the steps of choosing and implementing the best package for your own needs.
Some of the ways we help you find the right solution are to analyze the software provider’s company history. Being able to offer full crypto facilities is a good indicator that the package meets overall crypto gambling software standards. We also look at the market penetration – for example, whether the software is widely used in advanced crypto gambling countries like the UK, Lithuania and Curacao.
Our experts are also familiar with each software provider’s range of services. You will learn more from us than from talking to software vendors directly.
The choice of your crypto online casino software package can make a difference in every phase of the establishment and growth of your crypto casino. The great majority of players are already familiar with what your competitors are able to offer, so if you try to cut corners you will either fail to recruit them as customers or quickly lose their business.
There is very little brand loyalty in casino gaming, so your crypto online casino software package has to keep up with the market.
The process of selection involves the evaluation of many features, such as:
- the range of functions provided, including a good user interface, and the range of digital formats it supports (cryptocurrencies, NFTs etc)
- the reputation of the vendor
- post-sales support services offered
- the cost of purchase, development or rental
With GBO as your support team, you will be kept aware of changes and updates that you need to be making to stay one step ahead of the rest. We can refer you to the suppliers of some of the best crypto online gambling platforms.