The popularity of cryptocurrency is growing every day. News about the use of digital money for different purposes, for example, to buy a business or real estate, already seems to be quite commonplace. Therefore, it is not surprising that representatives of the gambling business have begun to introduce the most popular cryptocurrency, bitcoin, into their establishments. This is how the bitcoin casino appeared .
A bit of theory
A Bitcoin casino is a gambling club where the only or additional means of payment is BTC. This is its main difference from an ordinary institution, which accepts only classic money.
For a bitcoin casino to work, both parties (visitor and operator) must have special wallets – all payments are made from / to them. It is also necessary to integrate systems that will support transactions using cryptocurrency. These are the basic requirements if an operator wants to launch a bitcoin casino.
Benefits of Bitcoin for the gambling business :
- anonymity – only cryptocurrency wallet numbers are required for interaction between the player and the operator;
- no additional payments – a third party (bank) does not participate in transactions, accordingly, there are no commissions;
- efficiency – if a regular bank payment can take several days, the BTC payment will take place in a few minutes;
- security – it is much more difficult to carry out any fraud with bitcoin, it is almost impossible: the technology simply does not allow it.
The nature of bitcoin is such that it makes it an ideal solution for almost all industries, including gambling.
How to create your own Bitcoin casino?
First of all, you need to answer the question of how much it costs to open a bitcoin casino. Obviously, you won’t be able to start a business without start-up capital. The investment required depends on how you do it: the script and ordering a turnkey bitcoin casino will cost completely different amounts. Below we will tell you about the main ways to launch a casino, their pros and cons, so that you can choose the right one and calculate the budget.
Do it yourself
The entrepreneur himself performs all the numerous necessary actions, meets with potential partners, concludes contracts. All preparatory work and post-launch activities rests on his shoulders.
The stages of self-opening a bitcoin casino do not differ from the launch of an ordinary casino:
- Analyze the market and draw up a business plan.
- Execute all documents.
- Get a license.
- Order website development.
- Buy bitcoin casino software.
- Choose slots and conclude agreements with providers.
- Launch the site.
- Promote the casino.