If you’re a fan of bingo and you’re curious about cryptocurrencies, or an avid crypto investor and an enthusiastic bingo player, then stick around to know the ins and outs of crypto bingo and crypto bingo sites.
We’re going to cover a lot from the basic definition, to the pros and cons, to the most popular bingo games online, and what the future holds for this industry.
What Is Crypto Bingo?
Crypto bingo is like regular bingo but played with cryptocurrencies like bitcoin (BTC) or Ethereum (ETH). The cryptocurrency way to play bingo is new, especially compared to its traditional counterpart. It’s new and you can play it online. Just check out one of the reputable sites on our list and try your luck if you feel lucky.
There are other games too! Yes, there are other games too. If you’re not doing so hot on bingo, these casinos that run on cryptocurrency have other casino games too. But if you want to stick with bingo then there are always a few options ready for most players:
-
European 90 ball bingo
-
American bingo games (35,45, 55, 75, 90, 80, and speedy 30 balls)
-
Bingo-based slot games
Other games can include blackjack, roulette, baccarat, classic poker, etc. Players can enter by relying on some free spins or paying an entry fee. This is the typical setup. There are also options for VIP players who purchase a VIP membership.
The only difference between classic bingo and crypto bingo is that it’s digital, so there’s global and instantaneous access to myriads of online players, and what you’re winning is crypto like Bitcoin or Ethereum. Some casinos convert your crypto to fiat (dollar, euro) before a game and you can convert it back to crypto once you’re done. Some of them directly work with crypto without conversion.
Crypto bingo usually comes with many advantages. Online promotions and bonuses are ready for players to take advantage of. The classic physical bingo cards are now on your screen. There’s not much difference apart from the fact that everything has been digitized.
How Cryptocurrency Bingo works?
It’s simple. You choose one of the casinos on our list that you feel is right for you. Firstly, get informed on the rules, games, and the system that specific casino works with. Then you get your crypto ready. You choose a game with the relevant cryptocurrency then you play for the win.
Crypto bingo doesn’t differ that much from regular bingo, it’s just digital. The cards, the ball, and you’re playing to win cryptocurrency in the end. Pay-ins and payouts are with crypto, but privacy is mostly taken away when you have to fill in personal details when you withdraw. However, some casinos don’t necessarily ask for identity or address information.
And of course, you can choose which subtype of bingo you want to play. Where it differs is where the balls get called out. A lot of crypto casinos skip the process of picking balls from a pit since it’s all online. So, all in all, you just need to imagine playing classic bingo. The same rules and concepts apply, there are only minor differences in gameplay, but the core concept remains the same.
Pros and Cons of Crypto Bingo
Let’s weigh the advantages and disadvantages of crypto bingo.
Pros
-
Massive Player Base
Since crypto bingo operates online, it can be accessed by players from around the globe. This means a larger player base with a larger payout.
-
Accessibility
The games are accessible anytime, anywhere.
-
Fair
There is no favoritism in crypto bingo and the game is based purely on luck. The bingo game involves the process of random number generation and the drawing of random numbers so it’s completely fair. If you’re lucky, you are lucky. If you’re not, then you lose.
-
Cheaper Fees, Quick Transactions
Crypto bingo sites process transactions faster than their traditional counterparts because of the nature of cryptocurrencies. Since everything is recorded on the blockchain immediately, transaction periods are shorter than with traditional online casinos. It takes between a few minutes and a few hours. Transactions in traditional bingo casinos take much longer.
They usually don’t charge extra fees besides the entry fee as well, or the fees are kept reasonably low to entice more players to join the game.
-
Multiple Currencies Supported
These crypto-based casinos usually support many cryptocurrencies as well as fiat money, that’s why they remain popular and are growing.
Cons
-
Glitches
If your internet cuts off it could be problematic. You have to ensure you have reliable internet that is fast. Glitches may result in financial loss, data loss, and other types of disruptions. This won’t be a problem if you’re accessing the game from a secure place, and if you’re playing on a reliable website.
Most Popular Cryptocurrency To Play Crypto Bingo Games Online
So, what are the most popular cryptocurrency bingo games? There are a few to consider, and they’re all using the most popular and circulated tokens on the market. Here are your options:
-
Bitcoin bingo: American and European subtype bingos based on bitcoin, the most popular crypto token globally.
-
Ethereum bingo: The same thing except you win Ethereum.
-
Ripple bingo: The same thing except you win Ripple.
-
Solana Bingo: Solana is an upfront competitor of Ethereum and one of the popular tokens as well.
Future Of Cryptocurrency Bingo
The projected growth rate of cryptocurrency bingo casinos is estimated to be valued at almost $200 billion by the year 2030, so there’s no way but up for this industry.
Are there restrictions on cryptocurrency Bingo sites?
Winnings can only be legally collected if the country you reside in allows crypto bingo sites to operate legally. We can’t stress enough how important it is to check if the crypto bingo site you’re playing on is legally allowed in your country or not. Be sure to know if your region is supported so you can collect your earnings without problems.
As for restrictions, currently, there are not that many regulations imposed on crypto casinos, but heavier regulations might probably be imposed in the future.
FAQ
Is Cryptocurrency Bingo Legal?
Yes, it’s legal. Do thorough research on the website you plan to choose. There are fraudulent sites online which you should also make sure you avoid.
Can I Win Real Money Playing at Cryptocurrency Bingo Sites?
Of course. However, if you want to win fiat money (euro, dollar) then it’s better to play on a fiat online casino. Cryptocurrency is its own currency but it’d be simpler to play on a fiat site.
Do I Have a Better Chance of Winning If I Buy More Cards?
You tend to get luckier if you have more cards, so yes, the more cards you buy, the higher chances you get.
