In early 2023, industry analysts predicted the rise of the crypto casinos and it seems their predictions were correct. More and more casinos have either strictly crypto or a hybrid model of payments and players can only benefit from the flexibility offered.
At the same time, cryptocurrencies are frowned upon because of the anonymity of the transactions and European gambling regulators are reluctant to grant licenses to casinos offering payments via bitcoin and altcoins.
However, the benefits of the crypto payments are undeniable. They ensure instant transactions, and more often than not, crypto depositors can deposit as little as €5 or even €1. In other words, crytocurrencies allow players, nurturing a small bankroll, to engage in their favourite casino games.
Don’t get us wrong, though. We are not trying to talk you into making bitcoin deposits, we are just presenting the two sides of the same coin.
Fiat currencies also come with a number of advantages. They are considered more reliable compared to cryptocurrencies, and players are also more familiar with the € than the BTC/ ETH/ USDT, etc. However, if you decide to deposit in € or any other fiat currency, the lowest accepted amount would be €10 or €20.
As for the minimum withdrawal, it should not go over €50. The withdrawal limits are often tied to a player’s VIP status, but we are yet to see if the casino would have some sort of a loyalty program or a VIP club.
BTCplay will be run by Rabidi N.V. – a company that has a dozen other casinos under its belt including Casinoly we reviewed earlier.
Rabidi holds a Curacao gambling license, but before you jump to conclusions, let us explain what makes so many companies choose Curacao over the MGA, for example.
In the past, Curacao licensees became notorious for being scammers and currently, the regulator is struggling to clear its reputation.
Things are not so black and white as many casinos apply for a Curacao license not because they want to go away with your money but simply because they want to save themselves the expensive and lengthy procedure for acquiring a license from another regulator. More so, a regulator such as the MGA, Spellinspecionen or the UKGC would not grant a license to a casino allowing crypto payments.
Of course, we will not turn a blind eye to the fact that a Curacao license poses a higher risk of misuses. The best advise we can give you is to read our reviews and make informed decisions about the casinos that are worth your while.
Polite, well-informed customer support agents are a vital part of players’ positive experience at every casino. Hopefully, BTCplay casino would ensure customer support round the clock and provide different communication channels. Live chat and email are the two most common ways of getting in touch with a casino representative, although some casinos also offer Skype, telegram, or phone support options.