Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, DeFi, Blockchain News

6 Important Tips for Playing Crypto Slots Online for the First Time

Crypto-powered casino games are all the rage right now, and slots are one of the most popular ways to gamble with digital tokens for early adopters of this trend.


If you’re looking to get started with crypto slots, take a moment to read the following tips so that you can have the best possible experience as a newcomer.

Find reputable crypto slot casinos

You shouldn’t rush into playing crypto slots until you’ve found a site that’s reputable and respected. This is because there are plenty of phishing sites out there that target novice crypto gamblers.

Thankfully there are a lot of high quality cryptocurrency slot casinos to choose between, and you can read independent reviews if you’re still uncertain of which one to select.

Check up on which currencies are supported

Not every crypto casino accepts all of the possible assets you might own, so if you’ve got a particular token you want to gamble with, check to see if it’s supported in advance.

Bitcoin and Ethereum are the most widely compatible currencies, as you’d expect, but there are also sites which accept a whole cavalcade of altcoins. It’s really a case of matching your own portfolio to the site you play with.

Browse games and take them for a test run

Slots are usually straightforward in design; spin the reels and, if the symbols align in your favor, enjoy a payout.

However, there are titles which have other features and functions involved, such as wilds, scatter symbols, mini games and much more besides.

Before risking any of your hard-earned cryptocurrency, see if a demo version of a slot is available to play. That way you can work out what you need to do before real tokens are on the line.

See if new player deposits are offered

Like standard online casinos, crypto sites incentivize new customers with the offer of bonuses when they make their first deposit and start playing.

When it comes to slots, you should look out for the offer of free spins as a new player incentive. This will let you spin the reels and potentially secure a win without needing to make a wager.

Welcome bonuses which add coins to your account are also available, although be sure to read the small print. Sometimes there are wagering requirements in place, meaning you can’t just withdraw this ‘free’ bonus right away.

Check the deposit details carefully

As with any crypto transaction, you’ll need your own wallet and also the address of the receiving wallet into which you’ll deposit your tokens that can then be used on slot games and many other gambling activities.

The key here is to make sure that you have the correct details of the receiving wallet, and that you enter them correctly. If not, your crypto could end up lost in the ether.

The same goes for withdrawals; you need to enter your own wallet address in its entirety, with no mistakes, to take out any winnings unhindered.

Understand volatility

Volatility is at the heart of what makes a slot winnable. Low volatility games pay out more often, but have smaller prizes. High volatility games boast massive jackpots, but the odds are stacked against players to balance this out.

There’s also the matter of the volatility of the value of crypto assets themselves. If you put your coins into an online slot and win, but the price of the asset dips, it might not be worth as much when you withdraw it.

With all that in mind, you’re ready to start enjoying crypto slots and exploring the potential of this up and coming pastime.

Lundi 12 Septembre 2022




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