The Ultimate Guide to Crypto Slots: How Do Blockchain Slots Work

The world of iGaming has undergone a radical transformation in recent years, especially with the introduction of blockchain technology. Today, online casinos based on this technology offer a more transparent gaming experience while enhancing users’ security and privacy.

One of the innovations introduced by blockchain-based casinos are crypto slots. Like casino sites, these games integrate blockchain technology and let you enjoy them using cryptocurrencies. But there is more to them. Our guide to crypto slots will cover all the intricacies of these games, including how they work and differ from traditional online slots.

What Are Crypto Slots and How They Work?

Crypto slots are RNG-operated slot machines that let players use cryptocurrencies, such as Bitcoin, Ethereum and others, to place bets. Essentially, these slots don’t differ from traditional online slot games: you place a bet and spin the reels, hoping to create a winning combination. However, the underlying technology makes crypto slots different.

Based on blockchain technology, crypto slots ensure fairness and transparency. In addition, they let you check the fairness of each round. Keep reading to learn how they do it.

What Makes Blockchain Slots Unique?

While you won’t be able to tell the difference between standard online slots and their crypto counterparts at first glance, the latter has mechanics that differ in several key areas. Here is a lowdown of all the features that make so-called blockchain slots unique.

Cryptocurrency Bets Accepted

The most apparent thing about crypto slots is that they allow players to make cryptocurrency wagers. So, to play them, you should deposit using one of the virtual currencies supported by the casino. If you get lucky and win, you will be able to cash out the same cryptocurrency. Some of the best crypto casinos, like Genie Jackpot Casino, let you use popular options like Bitcoin and Litecoin, as well as Ripple, Tether, and Cardano, to play crypto slots.

Built on Blockchain Technology

As mentioned earlier, crypto slots use blockchain technology, which operates on a decentralised network, unlike traditional online casinos, which use centralised databases. Hence, every transaction, bet and result is registered on a public ledger, ensuring that outcomes are transparent and can’t be altered.

Provably Fair Results

This is probably the most significant innovation in the world of online gambling. Crypto slots belong to so-called provably fair games. This concept is another legacy of blockchain technology, which enables players to verify that the outcome of each spin is random and unbiased.

Thanks to the fully transparent algorithm behind the game, players can access the cryptographic data to check its fairness, round by round. If you worry whether online slots are rigged, crypto slots are the perfect fit for you.

Smart Contracts Manage Games

You must have heard of smart contracts if you are familiar with Ethereum. These self-executing contracts, whose terms of the agreement are directly written into code, can automate certain actions without the need for an intermediary. For instance, they can ensure jackpot prizes are paid out smoothly once the conditions are met. This can further reinforce trust between the casino and players.

Tips to Make the Most Out of Crypto Slots

Enhanced privacy and transparency are the biggest advantages of playing crypto slots. But you need more than that to enjoy the gameplay entirely. Here are some tips that can help you up your crypto slot game:

• Choose high RTP and low volatility slots: This is the best combination if you are a newbie to crypto slots and online gambling in general. Although payouts may be smaller when playing low volatility slots, they will come more frequently. At the same time, an RTP higher than 96% ensures better returns in the long run.
• Always keep an eye on your bankroll and play responsibly: No matter how much money you have in your account, start small. Set your limits and never wager more than you can afford to lose.
• Don’t chase losses and know when to quit: This goes hand in hand with the previous tip. Sometimes, you may be on a losing streak, and the only way out of it is to call it a day and resume playing your favourite crypto slot another time.
• Use bonuses and promotions: The best crypto casinos offer bonuses and promotions for new and existing players and you should take advantage of them. They will enable you to play longer and have more opportunities to win. However, make sure to read and understand T&Cs to ensure each offer is worth your while.

Now that you are equipped with knowledge about crypto slots, you can start playing these thrilling games. Good luck!