The prevalence of gambling with cryptocurrencies like Bitcoin have skyrocketed in recent years. In fact, from January 2021 to December 2021, the share of bets placed in cryptocurrencies increased from 23% to over 40%. What enables online casinos operators to let their players make deposits, place bets, and withdraw in Bitcoin? The answer is Bitcoin casino software.
Bitcoin casino software or Bitcoin sportsbook software is the underlying technology responsible for the rise in online cryptocurrency gambling. As the popularity of cryptocurrency and bitcoin grows, it makes sense for iGaming operators to want to offer the ability for players to wager in Bitcoin on their platforms. With a total market cap of over $775 billion USD at the time of writing, it’s easy to see why iGaming operators want a platform that supports casino bets in Bitcoin.
There are many iGaming technology platforms that provide Bitcoin casino software for people who want to start their own Bitcoin casino or sportsbook. One thing that potential Bitcoin casino owners need to consider is whether they want to offer their players the ability to accept bets in other cryptocurrencies as well as Bitcoin. Since the total market cap for cryptocurrency exceeds $2 trillion USD at the time of writing, iGaming operators could be leaving a lot of revenue on the table if they only choose to accept Bitcoin rather than other cryptocurrencies as well. Fortunately, white label crypto casino providers like Lion Gaming can give online casino operators a fully functional platform that can accept wagers in virtually every cryptocurrency or token on the market.
Features of Bitcoin casino software
There are many things to look for when evaluating software providers for a Bitcoin casino. Three of the most important things that online casino operators look for is how quickly they can launch a Bitcoin casino, affordability of the platform, and strength of the technology.
A betting technology provider like Lion Gaming can allow you to start a Bitcoin casino (or a casino that accepts fiat as well as crypto) in a fraction of the time and cost it would take to develop your own software. In fact, our white label casino software allows us to launch a Bitcoin casino in as little as two weeks. You can learn more about our white label casino solutions here.
Affordability of Bitcoin casino software is also an important consideration for online casino operators to look at. We wrote previously about the reasons why iGaming operators should outsource their betting technology in an article here. The price of developing your own bitcoin casino software can range from hundreds of thousands of dollars to millions of dollars when you account for the thousands of hours required from software engineer and the legal fees involved hiring lawyers to make sure the technology is compliant. White label bitcoin casino software is much cheaper than developing the technology in-house.
White label Bitcoin casino software
A white label product is something that one company develops or manufactures and then licenses to another company to put their own branding on to use or resell. Online casino software is something that is commonly white labelled in the iGaming industry. If you want to start your Bitcoin casino, then a white label solution is right for you. As previously mentioned, white label solutions come at an attractive price when compared to developing your own software, can launch quickly, and are already pre-packed in a powerful solution.
Our white label Bitcoin casino solutions come with everything you need to start a Bitcoin casino including a website, branding, advanced iGaming technology, secure payment gateways, a customer relationship management system, analytics, bonus systems, affiliate management, and of course a suite of casino games built for crypto bettors. Our software also allows online casinos to accept a variety of payment methods in addition to Bitcoin. You don’t have to pick between accepting wagers in Bitcoin, other cryptos like Ethereum or Dogecoin, or fiat currency. Our advanced Bitcoin casino platform lets you can accept wagers in all of them.
Another feature of Lion Gaming’s white label Bitcoin casino software is our suite of Provably Fair table games. Provably Fair technology integrated into online casino software means that a player can independently verify that the outcomes of casino games are not rigged against them. It’s important that you include Provably Fair games in your Bitcoin casino operation because of the popularity that Provably Fair shuffling mechanisms have with players that like to gamble with cryptocurrency. When evaluating Bitcoin casino platform providers, make sure to ask them if they can provide Provably Fair games. A lot of white label casino platforms will allow you to accept wagers in Bitcoin, but there are many that don’t offer Provably Fair casino games.
Want to learn more about how you can start a Bitcoin casino? Send us an email at [email protected] or contact us here.