Question 1

What are blockchain casinos?

Accepted Answer

Blockchain casinos, also referred to as crypto casinos, are online gambling platforms that use blockchain technology digital ledgers to record and verify transactions, allowing for a more transparent and secure way of gambling. They often use cryptocurrencies like Bitcoin or Ethereum to make transactions, which allows for faster and cheaper transactions.

Question 2

What is a decentralized casino?

Accepted Answer

Decentralized casinos are similar to blockchain casinos, ensuring a secure, fair, and safe space for gamblers to enjoy. Decentralized casinos usually also have provably fair games available, avoiding a centralized casino and their results, allowing players to verify the fairness and legitimacy of their game results.

Question 3

How do blockchain casinos works?

Accepted Answer

In their most basic form, blockchain casinos are simply casinos that accept cryptocurrency. But with more innovative casinos coming forward, blockchain casinos can range from accepting crypto to creating casino cryptocurrencies to metaverse locations and loads more.

Question 4

What is NFT gambling?

Accepted Answer

NFT gambling usually works by having players purchase or win NFTs through a game or lottery, and then use those NFTs to play other games or participate in other forms of gambling. NFT gambling can also include using NFTs as representations of in-game items, which can be used in other games or sold in a marketplace.

Question 5

Is blockchain gambling legal?

Accepted Answer

The legality of blockchain gambling depends on where you live and the laws of your country. In some places, online gambling, including blockchain gambling, is legal and regulated, while in other places it is illegal. It is important to note that some blockchain casinos allow you to stay anonymous, as well as using VPNs, could allow you to gamble from anywhere in the world.

Question 6

Is blockchain gambling anonymous?

Accepted Answer

Blockchain gambling can offer a higher level of anonymity compared to traditional online gambling because transactions on the blockchain can be made without the need to provide personal information. But some casinos may require KYC or account creation for regulations, so finding a blockchain casino to bypass these personal details is important.

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