There are 1000s of casinos around the world today. Many of them except bitcoins as a payment method. Here on the page, we distinguish between true bitcoin casinos and hybrid casinos.
A true bitcoin casino let you deposit bitcoins, and then you use bitcoin on the platform for as long as you want without converting them to US dollars. When you want to withdraw
money, you can easily do that in bitcoins. It means that there are no currency fees, and you don’t need to take into account any changes in the valuation of BTC vs USD. Since the value of bitcoin has high
fluctuation, it’s a gamble by itself to convert it to another currency for gambling. On a true bitcoin/crypto casino remove on dimension of the gambling.
A hybrid bitcoin casino has another strategy. In reality, it’s not a bitcoin casino. It’s a casino that has bitcoins as a payment method. As soon as you deposit BTC to your account, it will be exchanged for USD.
All betting and gambling are done in USD or Euro. If you win, or get bored by the casino, you need to convert back your USD to bitcoins before you can withdraw your money. You have double risk in other words.