BC.Game Introduces Crypto Trading in iGaming World

BC.Game Casino is a staple in the online crypto casino industry, and most crypto players are familiar with it. As a trusted crypto casino and an innovator in the realm of provably fair games, BC.Game is also featured on Crypto Gamba.

Recently, the casino has introduced Crypto Trading, a section on the site where players can predict the price movement of over 20 virtual currencies. What exactly is Crypto Trading and can you actually trade with cryptocurrencies on the BC.Game site?

This article dives into the crypto trading feature, compares it with traditional cryptocurrency trading and provides insights into its mechanics.

BC.Game Crypto Trading: Explained

First things first, the Crypto Trading feature at BC.Game Casino doesn’t actually involve digital asset trading—at least, not in a conventional way. To understand how it works, you can picture it as a crossover between gambling (think of crash games) and crypto scalping.

The feature allows players to bet on the price movements of various cryptocurrencies. Some are popular, like Bitcoin, Litecoin and Ethereum, but players can also try their luck with bundle coins like 1000PEPE and 1000Shib.

Players have 15 to 60 seconds to predict whether the price of a crypto will rise or fall. This high-intensity experience merges the fast-paced nature of casino games with the volatility of crypto markets.

Using a randomly drawn seed, the platform predetermines the prices for the upcoming 24-hour trading period. After the trading round ends, the seed is published, meaning everyone can check the algorithm and verify its fairness.

Besides these short-term predictions, BC.Game Casino enables users to participate in high/low spread betting and crypto futures trading.

A Step Further: How it Works

The first thing you need to do is pick one of the 21 available crypto coins: STONKS, BTC, ETH, SOL, PNUT, DOGE, LTC, WIF, WLD, DOT, LINK, SEI, SRP, AVAX, BCH, MEME, TON, TRX, 1000SHIB,1000PEPE, and 1000BONK. Unfortunately, BC.Game’s native crypto coin $BC, isn’t part of the pack.

As discussed, the point of crypto trading is to determine whether the value of the coin will rise or fall. Therefore, the next step is to add the wager amount and pick a countdown period during which the bet will be active. The last step is to decide whether the coin will go up or down. The click of one of these two buttons triggers the bet.

The game provides instant feedback and rewards, keeping the experience engaging and adrenaline-fueled.

Keep in mind that the price resets to $1,000 at midnight on a daily basis.

BC.Game vs. Traditional Cryptocurrency Trading

If one were to compare traditional casino games like slots or blackjack with BC.Game Crypto Trading, it is easy to conclude that this game has much more to do with real-time cryptocurrency market data than with the RNG. In other words, users effectively wager on simulated market direction.

However, although BC.Game’s crypto trading feature mimics the mechanics of real-world trading, there are significant differences to consider.

Simplicity vs. Complexity

It is safe to say that the platform simplifies trading by reducing it to a binary bet—up or down. Therefore, players don’t need prior knowledge of crypto charts, technical analysis, or trading strategies. Conversely, actual trading requires understanding market trends and technical indicators and often involves complex decision-making.

Timeframe

While engaging with BC.Game’s feature, trading happens over extremely short timeframes (we are talking about seconds up to a minute). This is more akin to gambling rather than investing. On the other hand, traditional traders operate over longer periods, ranging from hours to months, to achieve sustainable returns.

Market Influence

Players have no real influence on market conditions while wagering on Crypto Trading. The outcome depends entirely on market price fluctuations within the chosen timeframe, and it is pre-set for every 24 hours. As opposed to this, experienced traders can use strategies to minimise risks or even manipulate outcomes to some degree in illiquid markets.

Risk and Rewards

With BC.Game’s trading feature, the risk is fixed, i.e., players know their potential loss upfront (the wager). Moreover, every reward is capped based on the casino’s payout rates. In contrast, traditional trading carries the risk of significant losses, especially for unskilled traders, even though it is potentially way more lucrative.

Should You Give Crypto Trading a Go?

BC.Game’s crypto trading feature is ideal for players looking for quick, engaging gameplay without diving deep into the complexities of traditional trading. This makes it a perfect fit for crypto enthusiasts who are also casual gamers. However, we believe that this game won’t appeal to players who are experienced traders.

Nevertheless, BC.Game’s introduction of crypto trading to its platform is a bold and innovative move that reflects the evolving nature of online gaming. Overall, it’s a fun way to experience the thrill of crypto markets in a simplified, gamified format.