How to Start a Crypto Casino

The recent times the world of online gambling has witnessed a revolutionary shift with the cryptocurrencies coming into space. Traditional casinos rapidly adapt to this digital disruption, creating the space to make a crypto gambling website that offers unparalleled benefits to both – its operators and players.

Therefore, along with the current “greening” of the crypto market and growing interest in web3.0 casinos, the question of how to start a Bitcoin casino is gaining more popularity. In this article, we would like to share our experience in crypto casino development and  showcase our work for the Moonwin project. Based on this practical experience we will give the information about how to make a bitcoin casino for mobile, mention the main steps you need to go through and a pro-tips for developing a crypto casino.

Why Make a Bitcoin Gambling Website

The primary advantage you might notice if you start your Bitcoin casino is that it attracts many players who appreciate the unique benefits of cryptocurrency. These advantages include but are not necessarily limited to the following: 

• Low or no transaction fees – Some casinos offer no transaction fees but those that do offer lower fees than those associated with traditional payment methods. The fact is that there are no financial institutions involved, so there is no need to pay higher commissions for making deposits or withdrawing money.
• Lower deposits – players can make bets much lower than traditional minimum deposit limits.
• Near-instant payments – You can deposit and withdraw cryptocurrencies quickly, with little or no waiting.
• Global access – cryptocurrencies are available worldwide, so players all over the globe who use them can play at any crypto casino at any time of the day or night. And it is possible to convert them into any existing currency.
• Anonymity – another great advantage of crypto casino development in particular, is the anonymity blockchain technology offers to its users. It can be beneficial for many reasons, some include: players’ privacy, secure fund transfers but at the same time transparency of them, and more. 

However, with all those advantages, let’s not forget  that in order to make a crypto gambling website you need to ensure legal and tax compliance. Thus, we will talk about this and other aspects you need to pay attention to as in the next parts of our article. So keep reading!.

What to Consider Before Start Your Own Bitcoin Casino

Now let’s move on to the main aspects you need to know to successfully start Bitcoin casino that provides revenue. Generally, the stages are not very different from starting a traditional gambling platform, but there are some aspects to pay attention to. They include:

• Legal and regulatory compliance. As the crypto market develops, so does the regulatory coverage for the crypto related businesses. In order to stay compliant, we highly recommend to stay up-to-date with at least the main cryptocurrency regulations around the world. Check SEC and the IIJA for US;  Markets in Crypto-Assets for Europe; FATF and FCA for crypto regulation in UK.
• Security measures. One of the mane things to remember, is that your crypto gambling website should be a safe platform for user to come and operate with his funds. Therefore, do not neglect audits of your blockchain and back-end parts integrations, as well as secondary audits even for the small feature implementations or architecture changes.
• Cryptocurrencies and blockchain part integration. While integrating the blockchain part (especially smart contracts) you and your team need to pay attention to architectural aspects in order to make a smooth connection between blockchain and “non blockchain” parts. This is a complex task which requires previous experience with both blockchain and back-end infrastructure building. So, first of all, consider working with the team who had successfully conducted such work in the past. Second of all, we highly recommend to engage into discovery phase prior to development in order to eliminate future unpredicted adjustments and final overall cost increasement. 
• Fund management. Effective fund management in crypto casino development involves risk management that encompasses maintaining game fairness, mitigating cryptocurrency price volatility, and preventing fraud. At the same time, it should focus of effective revenue management that requires (as one of the options) integration of multiple cryptocurrency payment gateways,transaction fees management, and strategical usage of funds for promotions and marketing. 

The development of a solid software for crypto gambling website is a complex task, so choosing an experienced blockchain development team is crucial here. Make sure you hire crypto casino developers who know all specifics of the industry and can implement your idea with the best ratio of price and quality. To do this, check the company’s portfolio, talk to the tech specialists and CTO who will work on your product, and find out if they have experience in implementing such projects.

After selecting a crypto casino software development team, the next key point is to choose the features that your blockchain casino will have. 

All Must-Have Features for Crypto Casino

The choice of functions for a casino is a separate detailed issue since their number and complexity affect the development process of your gambling casino platform. In addition, the features selected determine the value of your platform to users, the experience they will get when using it, and hence popularity in the market

We have prepared a list of the most popular and useful features if you want to make a  successful crypto gambling website. They include but are not necessarily limited to the following:

• Cryptocurrencies support – Build a financial infrastructure with an integrated cryptocurrency system that allows users to make deposits using Bitcoin and other popular crypto payments.
• Fiat multi currency acceptance and convenient payment options. Platforms with fiat multi currency convenient payment options enable users to facilitate transactions without any frets. However, when you start a bitcoin casino, you should keep in mind that usually introducing fiat money into casinos requires registering a casino and obtaining a gambling license.
• Anti-fraud system. The anti-fraud system enables you to prevent breaches and keep a platform safe and secure.
• Real-time chats. Real-time chats boost engagements and enable players to interact with each other, exchange ideas, and socialize better.
• Live dealer games. Live dealer games are in high demand as they create a real casino atmosphere and make the casino even more enjoyable for users.
• Random number generator. A random number generator system helps to remove biases and maintain reliability and fairness in the ongoing games.
• Multi-lingual support. Multilingual solutions provide easy access and enable players to access platforms in the languages they prefer and are fluent in.
• KYC system. The KYC (know your customer) system is designed to store comprehensive information about players, thereby ensuring the platform’s security. You can implement KYC if you don’t plan on making anonymity your killer feature.
• Cross-browser and cross-platform compatibility. Cross-browser and cross-platform compatibility offer a smooth gaming experience to the players irrespective of the browser or device they are using (desktop, mobile, and tablet).
• Leaderboards and achievement badges. Leaderboards and achievement badges boost player enthusiasm by showing the ranks of the best players and helping players recognize each other by their achievements.