Decentralized Casinos How to Start

With the wider adoption of cryptocurrencies, better access to acquiring them, and simpler and more convenient infrastructure, the new era for cryptocurrency gambling and its casinos has finally come. If you are familiar with cryptocurrencies, Web3, and decentralized applications, you already should know about them already. If not, well, this Casino Chap’s guide will help you go through understanding and processes that happen when playing at Decentralized Casinos. Of course, we have a list of the best decentralized casinos as well. All in all, our team is ready to help you to understand everything you must know about DApps, and Web3 online casinos.

Such casinos can also be called DeFi casinos. DeFi stands for Decentralized Finances.

But first of all, you must understand what exactly a decentralized application is and how it is different from regular casino sites that you are used to playing at.

What is a Decentralized Application?

A decentralized application (DApp) is a software application that runs on a decentralized computing system, most commonly a blockchain. Unlike traditional applications that run on centralized servers, DApps leverage the power of blockchain technology to ensure that the application’s control, data, and operation are distributed across a network of nodes.

DApps offer several advantages over traditional centralized applications:

  1. Security – Since DApps run on a decentralized network, they are more resistant to hacking, as there is no single point of failure.
  2. Trustlessness – DApps can operate without the need for a central authority, enabling trustless interactions between users.
  3. Immutability – Data stored on a blockchain is immutable, meaning it cannot be changed once it has been recorded. This feature ensures the integrity of the data in a DApp.
  4. Transparency – The blockchain’s open nature allows users to verify the application’s code and data, ensuring transparency and fairness.

DApps can be built on various blockchain platforms, such as Ethereum, Binance Smart Chain, and Solana. These popular platforms provide the necessary infrastructure, including smart contracts, which are self-executing contracts with the terms of the agreement between parties directly written into code. Smart contracts enable the automation of processes and transactions within DApps, allowing them to function without the need for intermediaries.

How Blockchain Works

Image credit: GaryFox.co

Or simply, your payment to the casino or from it is not controlled by a bank or any other institution. Everything is stored in a blockchain.

The Best Decentralized Casinos

Pros and Cons Of Decentralized Casinos

ProsCons
๐Ÿ‘ Great privacy & anonimity๐Ÿ‘Ž Consumers are not protected
๐Ÿ‘ High level of security๐Ÿ‘Ž Requires more than a basic knowledge
๐Ÿ‘ High or unlimited limits๐Ÿ‘Ž Limited number of casinos
๐Ÿ‘ Fast deposits & withdrawals

Comparison of Decentralized and Regular Casinos

Decentralized CasinosRegular casinos
โœ… Deposits and withdrawals are instant or almost instantโŒ Can take up to 7 days
โœ… No KYC requiredโŒ Requires KYC
โœ… No registration processโŒ Lengthy registration
โœ… Some specific games available solely on decentralized crypto casinosโŒ Traditional games

The Best Wallets to Use

Depending on the selected blockchain there are different selections to use for decentralized applications (DApps). Let’s check out the most popular options for each chain.

Ethereum Blockchain

    • MetaMask – it is a popular and user-friendly cryptocurrency wallet that acts as a browser extension, enabling users to interact with decentralized applications (DApps) and manage their digital assets. For sure, that enables a quick and simple connection to a decentralized online casino with a couple of clicks. Initially developed for the Ethereum blockchain, MetaMask has expanded its support to include other blockchain networks like Binance Smart Chain, Polygon, and Avalanche, among others.MetaMask Wallet
      By integrating with multiple blockchains, this wallet offers users the flexibility to access a wider range of DApps and assets. As a non-custodial wallet, MetaMask allows players to retain full control over their private keys, ensuring a high level of security for their funds. MetaMask is one of the best choices to use with Decentralized Ethereum Casinos.
    • WalletConnect – is an open-source protocol that enables easy and secure communication between decentralized applications and mobile wallets, bridging the gap between different blockchain ecosystems. By using WalletConnect, users can easily interact with Casino DApps on their mobile devices without compromising the security of their private keys. The protocol supports a wide range of popular wallets, including MetaMask, Trust Wallet, and Rainbow, among others, allowing users to leverage their preferred wallet while navigating the decentralized web. WalletConnect has gained popularity due to its ease of use, as it employs QR codes for initiating connections between DApps and wallets, making the process straightforward and user-friendly.

WalletConnect

  • Furthermore, WalletConnect is blockchain-agnostic, meaning it can facilitate interactions across various networks, such as Ethereum, Binance Smart Chain, and Polygon, just to name a few. As the decentralized casino ecosystem continues to grow, WalletConnect plays a crucial role in enhancing user experience making it easier and simpler even for new gamblers using DApps to get quickly involved. Of course, keeping them safe.

Solana Ecosystem

  • Phantom – it is a secure and user-friendly cryptocurrency wallet specifically designed for the Solana blockchain ecosystem. As a browser extension, Phantom Wallet makes it easy for users to interact with decentralized applications built on Solana and manage their digital assets with just a few clicks. So connecting to the decentralized SOL casino is quick and easy.
    phantom wallet e1678966077192The wallet supports Solana’s native cryptocurrency, SOL, as well as various Solana-based tokens (the list is very long, but anything that is built on the Solana blockchain will work with this wallet perfectly). Phantom Wallet offers users a non-custodial solution, meaning they retain full control over their private keys and can securely store their assets. Additionally, the wallet features a built-in decentralized exchange (DEX) aggregator, allowing users to swap tokens directly within the wallet interface so you don’t need to leave the wallet to make exchanges (for example, from Solana to USDC).
  • Solflare WalletSolflare – is a feature-rich, user-friendly cryptocurrency wallet designed exclusively for the Solana blockchain. It provides a seamless way for users to manage their SOL tokens and other Solana-based assets while interacting with DApps built on Solana. With its intuitive interface, Solflare makes it easy for both beginners and experienced users to navigate the Solana network. The wallet is available as a browser extension, web wallet, and mobile application, providing users with multiple options to access and manage their funds. By focusing on security, ease of use, and compatibility with the Solana ecosystem, Solflare Wallet is a good choice for using it with DApps, of course, including the most popular Decentralized Solana casinos.

It is totally up to you what wallet you select, all of them are popular and widely accepted depending on the blockchain used by the casino. Moreover, all of them proved to be secure and very easy to use even for beginners. Lastly, if you’re familiar with using Paypal, the e-bank, or cryptocurrency, there shouldn’t arise any questions on how to use it as the simplicity of using all these wallets are great.

Summarize

The Web3, decentralized applications, and the whole crypto environment evolve faster than ever opening a lot of new opportunities and making the internet gain more freedom than ever. With the recent strict regulations and new laws closing many doors for online casinos, DApps, and decentralized casinos are a way to take control into your hands. It allows keeping your identity anonymous, fully controlling your funds without the bank asking many questions, and also, being able to deposit, withdraw, and move your money around without waiting.

As a downside, DApps and using different blockchains with different wallets could be a little bit too complicated for some. It requires basic knowledge and mistakes can cost you hard as there are no refunds or bank workers who are willing to help you. The transaction written to a blockchain cannot be reversed or changed.

FAQ

Can I use VPN at a decentralized casino?

It really depends. Some decentralized online casinos clearly state that they allow or do not allow using VPNs. It is usually visible on the homepage.

Do decentralized casinos hold licenses?

This also depends on the online casino you’ve selected. Some of them are licensed by Curacao authorities, while others do not obtain any to stay fully anonymous and unregulated. However, in this case, you are not protected by any authorities and laws.

Usually, casinos that hold the license, have other payment methods other than cryptos available.

Can I get bonuses & promotions at decentralized casinos?

Yes, however, sometimes they are not available. But mainly, all the crypto decentralized casinos have some kind of promotion. Some of them have rakebacks, others give you free spins or deposit bonuses.

 

Disclaimer: This article is for informational purposes only. We do not encourage gambling, breaking laws, or using any other practices to avoid limitations. We are not responsible for any loss that occurs when gambling using cryptocurrencies or other currencies and payment methods. Play responsibly!