How To Build A Crypto Casino To Complement Your Live Casino?
Building a crypto casino and taking your land-based live casino online will generate new income streams for you and also uphold your brand reputation. Learn how.
Planning to build a crypto casino and expand your casino business beyond boundaries? Your timings could not be better! With the technological advancements going on in the online gaming sector, including iGaming, more and more people are feeling interested in exploring online gambling. If you happen to have one or more land-based casinos already, it’s time to conquer new territories with online crypto casino platform development. Keep reading to learn more.
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Why Add A Crypto Casino To Your Live Casino?
Adding a crypto casino along with your live casino offerings will give you numerous benefits. For example, you can create an omnichannel experience for players with single registration for both modes. Further, you can also allow online chips and winnings to be used in the live casino, and vice versa.
Below we’ve discussed some more advantages if you decide to build a crypto casino.
1. Reach Out To A Global Audience
Traditional fiat currencies have geographical limitations, and normal payment gateways can generally process only a few of them, not all. Building a crypto casino where players can pay with bitcoins and other cryptocurrencies, your live crypto casino development will support a global audience.
2. Enjoy Faster And Safer Transactions
Cryptocurrency transactions are fast, secure, and anonymous. It doesn’t use any intermediaries like banks, and all the transactions are completely anonymous, rarely cause a failed transaction, and cannot be traced back. So, players who are extra cautions about financial safety prefer paying with cryptocurrencies when you integrate crypto in live casinos.
3. Get New And Innovative Features
Crypto casinos are powered by blockchain technology. Hence, they can leverage several advanced blockchain-based features like provably fair games, smart contracts, NFT-based rewards, and more. As a result, you can expect a surge in player onboarding and player retention rates, since it will help you deliver unique user experiences that traditional casinos cannot offer.
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How To Build A Crypto Casino: A Step-By-Step Analysis
Building a crypto casino to complement your live, physical casino involves a number of carefully-planned steps. Here we’ve discussed the live crypto casino development process in detail.
1. Market Research
Venturing into any new business should start with meticulous planning and research. Conduct thorough market research to study ongoing and emerging trends, learn about your target audience and their preferences, discover competitor strategies, and more in this stage. Use the data effectively to design your business plan for the crypto casino.
2. Legal Compliance & Licensing
Online casinos require special licenses and registration processes to operate legally. The compliance process varies significantly from one jurisdiction to another. However, you must acquire a standard international gambling license to start with, such as Malta, Curacao, or Anjouan gambling licenses. Also fulfill all other legal requirements before setting up your crypto casino business.
3. Choosing A Software Provider
Next up, you need to select a trustworthy and reputable casino software developer who can develop cutting-edge, unique, and smooth crypto casino software for you. Choose one that offers enough customization options, scalable infrastructure, multiple language support, etc.
4. Select Games For Integration
Once your crypto casino is built, it’s time to fill it with popular and chart-topping games from reputable providers. Select a bunch of different game types such as slots, table games, card games, lottery games, and more.
5. Integrating Crypto Payment Options
At this stage, integrate multiple payment gateways to offer flexibility to players. Don’t forget to add crypto-enabled payment gateways and crypto-wallet integration options.
6. QA & Testing
Once your crypto casino is ready and functional, perform thorough testing and quality analysis to identify any bugs and glitches, and fix them instantly.
7. Set Up A Customer Support Team
Before going live, you should also set up a customer support team to help players with issues. You can add an AI-powered chatbot for quick resolution of simple issues.
8. Launch & Promote Your Crypto Casino
When all of the above steps are done, you’re then ready to go live. Promote your crypto casino on multiple digital channels to develop interest among the target audience.
9. Ongoing Maintenance And Updates
Don’t forget to keep in touch with the developer team, and update your casino software regularly for a bug-free, smooth player experience.
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How Will The Crypto Casino Complement Your Live Casino?
Live crypto casino development alongside your existing live casino will offer a number of complementary benefits, such as:
1. Expand Your Audience
Land-based casinos, no matter how famous or how gigantic they are, always have a limitation in visitors, even if you include a steady flow of tourist visitors. Online crypto casinos, however, have no such limitations, and you can onboard players from worldwide.
2. Appeal To A New Segment Of Audience
Traditional casinos have a niche audience, especially middle-aged or older people. Very few youngsters feel interested in live casinos. But when it comes to iGaming, you’ll find a completely untapped market among tech savvy, young people from around the world. So, leverage this new-found follower base and grow your business.
3. Provide Them Variety
With online crypto casinos, you can add hundreds of new casino games and activities, which is not possible in live casinos. When you integrate crypto in live casino, it will also facilitate a number of blockchain-based features and attract a lot more players to your platform.
Key takeaways:
- Deciding to build a crypto casino will complement your live casino in many ways, by attracting new demographics of audiences, offering a variety of games, and generating extra revenue streams for you.
- Before delving into developing your crypto casino, do a thorough market research, ensure legal compliance, and choose the right casino software developer for optimum business success.
- Keep your crypto casino in good shape with regular updates and upgrades.
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Frequently Asked Questions
TRUEiGTECH is the best crypto casino development company in the USA.
If you choose bespoke development, then it might takes a few months. However, if you go with a ready made solution like turnkey or white label ones, then your platform will be ready within just a few weeks.
Yes. Scaling up is easier with online casinos because it doesn’t require expanding real estate, infrastructure, or manpower. A simple software upgrade from TRUEiGTECH will prepare you for scaling up.
Written by: Prish K
Prish K, Head of Marketing at TRUEiGTECH, holds an experience of more than 10 years in the iGaming domain. Starting from strategic planning and digital marketing to team leadership and cross-functional collaboration, he is a master of his domains. For more than a decade, he has shown a promising commitment to fostering result-driven and creative work outputs. Beyond guiding newcomers and established iGaming operators with the right software solutions for their business needs, Prish also wants to share his industry expertise and knowledge through insightful blogs and articles
