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How Crypto Has Helped the Rise in Social Gaming

by BSC News

February 10, 2024

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Social gaming is on the rise — and crypto has played a big part in it.

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article.

The social gaming industry is always searching for new ways to provide players with fun, exciting, and social gaming experiences. Over recent years, one of the best innovations has been the introduction of crypto-friendly casino games. Now, countless social casinos and sweepstakes sites accept cryptocurrencies, with some of the most popular examples being: 

🪙 Bitcoin (BTC)

🪙 Ethereum (ETH) 

🪙 Dogecoin (DOGE) 

As a crypto investor, this is great news. What it means is that you can now play in your favourite social and sweepstakes casinos using crypto instead of other currencies, which is pretty sweet. After all, there are lots of benefits that come with using crypto, which you can dive into in a second. 

Which Social Casinos Accept Crypto? 

There are hundreds of different social casinos and sweepstakes casinos, with a growing number of them becoming crypto-friendly. According to this site, there are now many operators accepting crypto to make deposits, including the biggest names. The way this works is that you (the player) deposit crypto in exchange for Gold Coins and Sweeps Coins. You then play the different social casino games on offer, try to win as much as possible, and then exchange your coins for real cash prizes. 

Are Sweepstakes Casinos Legal? 

You’ll be happy to learn that sweepstakes casinos are 100% legal. Through the nifty and innovative sweepstakes model, these casinos are able to get around real-money gambling regulations, which is why sweepstakes casinos are legal almost everywhere. Essentially, because you’re playing with Gold Coins and Sweeps Coins, it’s not classed as real-money gambling. Having said this, though, sweepstakes casinos still have to be licensed and regulated by relevant authorities, such as the Malta Gaming Authority

Why People Enjoy Crypto Social Games 

Recently, because so many social casinos and other platforms have started accepting crypto, it’s led to an influx of crypto investors looking to play — but why is this? The truth is that people love crypto social games because they’re a nice alternative to real-money games. Plus, playing with crypto is fun, whether you’re playing slots, roulette, or video poker. 

What Can You Win in Social Casinos? 

Prizes vary depending on the social or sweeps casino that you use, which is why it's recommended you take a sneak peak before creating an account so that you know what’s up for grabs. Generally, it will be one (or multiple) of the following: 

💰 Real money prizes 

💳 Gift cards 

🏷️ Merchandise 

For example, if you were to play Book of Dead, one of the most popular crypto slots, and you went on a winning streak, you’d be able to get your hands on some prizes and redeem them (providing that you had enough winnings). Before you start playing, though, you’ll need to have Bitcoin, Ethereum, or another accepted crypto which you can then exchange for Gold Coins and Sweeps Coins

Conclusion: The Future for Social Gaming and Crypto 

Now that cryptocurrencies have become a key part of the social gaming world, the future is definitely bright for social and sweepstakes casinos. With crypto gaming being in such high-demand, this will influence more people than ever before to play social games online. Best of all, the vast majority of online casinos, including social ones, will eventually start to become crypto-friendly, providing players with even more choice. 

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

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