The feeling of excitement about a new start-up helps a novice entrepreneur a lot during the project launch. It is especially vivid in the world of online business due to its innovativeness and convenience. The entertainment sphere has become a particularly demanded niche, and venturers try to diversify it for matching the needs of the audience.
Cryptocurrency and gambling have been successfully combined into a single concept around 2012. Since then, Bitcoin casinos are extremely popular and globally accessed by all holders of tokens. But how is it to start a crypto gambling platform in 2022? What Bitcoin casino solutions are there on the market?
Let us break down the main criteria for launching a crypto-based start-up with more details.
Understanding a Bitcoin Casino
The comprehension of digital assets requires the clarification of its core — Blockchain. An innovative technology implies the possibility to transfer data in a form of tiny nodes rather than as a unity. All chunks are then combined and decrypted at the destination point which guarantees the integrity and safety of all information.
A BTC casino utilises this feature during the transfer of tokens and sharing of personal data. As a result, the safety of the information is guaranteed since it is impossible to intercept, change, or steal data as the transaction is in process. Besides the top-level security, BTC casinos also bear other impactful advantages for operators and visitors.
Favourability Criteria of Crypto Gambling Platforms
An inexperienced entrepreneur may ask about the reason to wager in digital tokens since fiat currency is much more spread around the world and is easier to get. Crypto funds have already been entitled as the money of the future. In comparison to regular assets, especially in online casinos, it introduces unique benefits for both sides of the gambling process.
Crucial advantages of wagering with BTC and other tokens:
- Decentralisation. Cryptocurrency is highly appreciated for its absence of relation with any official authority. This means that all transfers go from a sender to a receiver without any intermediaries. It opens a lot of prospects in the online world.
- Anonymity. The absence of any banking representation on the way of sending funds allows for keeping both sides of the transaction confidential. It is only necessary to specify the number of an e-wallet and mention an e-mail for confirmation.
- Speed. Decentralisation of crypto does miracles in the iGaming industry. While deposits in fiat money to online casinos are usually quick, it can take days to withdraw such winnings. However, digital tokens travel in both directions almost instantly.
- Transparency. Even though no names are mentioned during operations, all sending processes are available for an overview. It is possible to see what user transfers the assets (e-wallet number) and where they are delivered.
- Licensing. Online casinos that utilise fiat cash (transactions involving bank facilities) must be registered. A BTC platform does not need a working permit, yet it allows combining both methods and increases the appeal of the audience on a legal basis.
These are the main benefits of utilising cryptocurrency on gaming sites. The understanding of the essence of digital funds is the main criteria for launching the project. However, there are still important steps to take to ensure a successful operation.
Bitcoin Casino Setup Stages
Apart from orienting on Blockchain, an entrepreneur should also prepare other crucial elements of the web-based gambling business. Only the combination of all core steps will guarantee a wholesome iGaming environment that can function with the help of crypto.
Stages of online casino development:
- Business plan composition. The success of a project depends a lot on a structural outline. An operation scheme of an online casino will ensure the understanding of wholesome platform development and risk minimisation.
- Site design. Even though Bitcoin is available throughout the world, it is most beneficial to focus on a single destination. The portal should be oriented for a certain region that has a common appeal for easier acquisition.
- Software integration. The programming support of a crypto casino involves cooperation with proven providers. Their products work with Bitcoin and other tokens, alongside processing wagers with fiat money.
- Brand registration. The combined transaction acceptance (fiat and crypto) ensures a wider scope of the audience. For this, a licence obtainment is an obligatory and beneficial step to cover.
- Security setup. A traditional way of establishing a safe gambling environment for players is integrating a foolproof firewall against poor and suspicious connections. In addition, 256-bit SSL encryption will protect against most hacking attempts.
- Gateway installation. The more payment systems an operator introduces to the platform, the bigger and more convenient selection visitors will have. It is also important to analyse which gateways are popular in the region and focus on the top ones.
- Casino management system. The analysis of users’ behaviour and the enhancement of their playing experience can be achieved only with the dedicated software.
After the platform is ready for launch, an operator should also take care of its promotion. Using social media, search engine optimisation and affiliate partners guarantee a steady growth in the number of visitors. Constant loyalty programs and bonuses work as a nice incentive for punters to continue visiting the site.
Professional Assistance in Launching a BTC Project
On paper, it all seems understandable and easy to implement. But the lack of proper industry experience can become a substantial problem for a smooth elaboration. This is where help from an expert company can solve this problem.
An aggregator Online Casino Market is a long-standing market participant, offering various gambling solutions. Bitcoin platform development is among the most popular services organised in recent years.
More information on the cooperation and additional offers can be found via:
- Skype: slotsmarket
- Telegram: @spinwin
- e-mail: [email protected]