So far, we have covered everything you need to know about crypto slots games, from finding brands, to how they work and how to play them, but is there anything you should be cautious of? Here are 4 tips to remember.
Crypto Volatility
Erratic price volatility is what people have linked crypto with. For gambling, this means that your bankroll can have mild fluctuations in value depending on the price of your chosen coin. If you plan on holding the coin for a long time, this is not a problem, but if you want a smoother experience, consider the following options.
Stablecoins are cryptocurrencies just like Bitcoin or Ethereum but keep their value steady at $1. USDT, USDC, BUSD and DAI are great choices for anyone wanting an unchanging bankroll while holding the advantages of crypto. Lastly, hybrid casinos that convert your balance to a local currency can also be a tool to keep in mind while doing your due diligence.
Transaction Fees
Every time a transaction with cryptocurrencies occurs, the sender has to pay a network fee for the payment to be completed. Some gambling sites might cover the fee for withdrawals, while others will state the amount before proceeding.
To keep that number as low as possible, try finding coins with low fees, such as Solana, BNB or XRP. Avoid Ethereum if you have a moderate budget, as it has significantly higher fees than its competitors.
Moreover, third-party crypto payment options featured on banking sections pose additional fees. On the contrary, on-chain transactions require only the network fee, so we recommend them for payments.
Chasing Losses
A common pitfall for gamblers is chasing losses after a bad streak of games. It is important to never go overboard with your gambling expenses and always stop once things go south. At the end of the day, slots are entertainment and should remain fun like that.
Therefore, setting limits once registering, controlling your budget and stopping when needed are three essential rules every avid player should follow.
Not understanding Bonus rules
Bonuses keep the adrenaline high during sessions because there’s an additional prize to be won, which is always exciting. Not all of them are worth grabbing, though, as their rules might be hard to complete, albeit the grandiose rewards.
So, take the extra time, read the fine print before triggering an offer, and ensure the rollover terms are decent. The last thing you want is to stay in an endless wagering period that limits your bankroll and enjoyment.
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