Cryptocurrencies with Norwegian gaming companies

As the Norwegian government continues to make it difficult for Norwegian players to deposit money at Norwegian online casinos , cryptocurrencies have become a very popular alternative. This solves many problems for players. Among other things, you can expect higher anonymity, no transaction fees and fast withdrawals. But which cryptocurrencies can you actually use with Norwegian gambling companies? We will clarify this in this article.

Different cryptocurrencies that work in casino and betting

A gambling company that offers cryptocurrencies tends to have many different options. We will go through the different options below.

Bitcoin

Bitcoin is the world's most valuable cryptocurrency and by far the most commonly used option in Norwegian betting. It was in 2009 that Satoshi Nakamoto founded Bitcoin with the primary goal of providing a decentralised solution for digital transactions without relying on traditional banks. Bitcoin uses blockchain technology to record every transaction ever made.

Litecoin

Litecoin was launched in 2011 and operates on the same principles as Bitcoin. The difference is that it uses a different algorithm that speeds up transactions. Litecoin has grown to become a very popular alternative among gaming companies and crypto platforms.

Ethereum

Founded as recently as 2015, Ethereum is today the second most valuable cryptocurrency after Bitcoin. As well as being a digital currency, Ethereum also provides a platform for others to create their own cryptocurrencies, while also offering smart contracts and decentralised applications.

Dogecoin

Dogecoin started as a joke based on a popular meme. Billy Markus and Jackson Palmer decided to make a cryptocurrency out of the meme and in 2013, Dogecoin was launched. Interestingly, it has become one of the larger cryptocurrencies in terms of market capitalisation. Many have tried to launch so-called "meme coins", but none have succeeded as well as the original.

Bitcoin Cash

Bitcoin Cash was founded in 2017 as an offshoot of Bitcoin to handle more transactions faster. This is possible because Bitcoin Cash has increased the block size. In a short time, Bitcoin Cash has become a very popular option among Norwegian gaming companies.

Cryptocurrencies can provide exclusive bonuses

Many gambling companies prefer Norwegian players to make deposits and withdrawals with cryptocurrencies. Therefore, there are casinos that offer specific bonuses for those who use cryptocurrencies. These can be higher deposit bonuses. Some even offer bonuses as high as 100% up to 1 BTC, which is an insanely large amount.

In addition, the casino may offer loyalty points for those who play crypto games. Other bonuses that can be offered are free spins when depositing with cryptocurrencies, reload bonuses and other promotions. Always make sure to read through the terms and conditions before accepting a bonus.

Provably Fair Gaming attracts many

One concept that is getting many people to discover cryptocurrencies at casinos is Provably Fair Gaming. This was introduced with the advent of cryptocurrencies at online casinos. Provably Fair Gaming is a technological solution that guarantees transparent and fair results.

At a regular gaming company, you as a player must trust that the gaming site is not manipulating the results. Thanks to the technology behind provably fair, players can verify the fairness of each game round themselves.

An algorithm is activated to prove that the result was fair and thus not manipulated. This algorithm consists of a cryptographic seed between the casino and the player. When a round has been completed, the player can use these seeds to check that everything has gone correctly. Should the casino try to change the outcome, it would be immediately noticeable as the final result would be affected.

Play responsibly

Finally, we would like to appeal to you to always play responsibly. Whether you are placing bets or playing at the casino, there are risks involved. Therefore, you should set a budget and play with reliable betting companies.