The crypto iGaming industry is proliferating. Young and tech-savvy bettors prefer privacy, safety, and convenience. According to a report, in 2021, digital currencies made up almost 8.5% of gross gaming revenue (GGR) for sports betting. The report also shows an increasing demand for crypto casino solutions, as more than 4% of online gambling searches are related to this.
Hence, it’s the ideal time for iGaming operators to build blockchain-based platforms that facilitate betting with cryptocurrencies.
However, you need to consider certain factors while creating robust crypto iGaming platforms. We have curated a complete guide here comprising technical and overall key considerations.
What are crypto iGaming platforms?
A cryptocurrency iGaming platform is a ready-to-deploy solution built for a seamless online gaming experience. Such platforms include multi-crypto wallet support and enable fast and secure transactions using widely accepted digital coins like BTC, ETH, DOGE, etc. Using these platforms, you can launch your own crypto casinos, sportsbooks, and other ventures integrating thousands of engaging games.
How do you build a successful crypto iGaming platform?
To build a successful crypto iGaming platform you need to consider a handful of factors. These factors contain technical and overall aspects of your iGaming software. The developers take care of the technical aspects and online casino operators manage the other key aspects.
Key considerations for crypto iGaming developers
iGaming developers ensure the platform is lag-free, scalable, meets business requirements, and offers enhanced user experience with thousands of game choices, as well as secure and fast transactions. If you opt for a white label crypto iGaming solution, all the following technical aspects will be taken care of.
Select a reliable tech stack
Choose the technology that will help you build a scalable, secure, fast crypto iGaming platform. Evaluate the best programming languages, suitable frameworks, and databases for handling high surge of traffic, transactions, and user data.
Multi-crypto wallet integration
Design user-friendly secure multi-wallets on the platform that support different types of digital coins. You must integrate secure storage solutions and payment methods for easy crypto deposits and withdrawals.
Smart contract development
Build a system using smart contracts to automate payouts, game outcomes, and bonus distribution. Test the contracts for relevance and security before you implement them.
Consider scalability
Right from the planning phase, consider platform scalability. Make sure the crypto iGaming platform can handle huge traffic, user data, and game/feature additions without any performance degradation. Continuously optimize database performance, use scalable cloud solutions, and integrate fast data processing methods to ensure scalability.
Security protocols
Advanced security measures like SSL encryption, 2FA, and players’ KYC help you protect user data and funds from cyber threats.
Regulatory compliance
Ensure the platform is designed to comply with the crypto gambling laws and regulations in the functional regions.
Intuitive UI
Create an intuitive and engaging user interface that helps the user easily navigate through the cryptocurrency iGaming platform. It should also load properly on different types of devices, e.g., monitors, smartphones, tablets, etc.
Payment gateway integration
Integrate reliable payment gateways that support fast and secure transactions through multiple cryptocurrencies.
Technical support
Keep Q&A sections in your crypto iGaming platform. Include easy Help buttons on your website so users can quickly reach your support team.
Multi-lingual website
For all the crypto iGaming platforms operating globally, it’s important to have a multi-linguistic feature to change the entire website into regional languages.
Bonus management system
Develop a flexible bonus management system that can handle various types of bonuses and incentives for individual players.
Player Account Management (PAM) system
Creating a comprehensive Player Account Management PAM system to manage player data, transactions, and activity tracking.
Key considerations for crypto iGaming operators
iGaming operators consider the following aspects from the planning phase to throughout the development life cycle, and while launching the cryptocurrency iGaming platform.
Licensing and legal compliance
Obtain necessary licenses for your platform and ensure compliance with crypto gambling laws in various jurisdictions.
Marketing and promotion
Once your platform is ready to launch, develop strategies to attract and retain players through various marketing channels. Make sure the marketing efforts align with your brand voice.
3. Customer support
Establish a responsive customer support system to assist players with their issues.
Game variety
Offer a diverse range of games to cater to different player preferences from across the globe.
User experience (UX)
Enhance the overall user experience with your brand to increase player satisfaction and retention along with more organic traffic.
Responsible gaming
Implement measures to promote responsible gaming and prevent addiction.
Financial management
Manage funds efficiently, eliminating the risks involved with payouts and reserves.
Affiliate programs
Develop affiliate programs to expand reach and acquire new players. Affiliate partners are the ideal marketers for online casino operators.
Data analytics
Use data analytics to understand player behavior, most played games, etc., and improve your platform’s offerings.
Table arrangement
For table games, optimize the physical or virtual arrangement of tables to enhance player flow and safety.
Technology integration
Incorporate advanced technologies like e-tables to increase earnings and provide slot-like analytics for table games.
Betting limits
Set appropriate betting limits to manage risk and serve different types of players.
Bonus management strategy
Design bonus schemes that exclusively incentivize player activity and loyalty while ensuring financial sustainability.
Go Live!
Once you consider everything required for building a crypto iGaming platform, the next step is to launch it. Depending on user feedback, keep improving your platform. If you have limited development resources, reach out to our crypto white label iGaming solution providers for a quick market entry.
FAQ
How to start a successful online casino business?
To start a successful online casino business, first, acquire the best white label solution in the casino industry. Next, customize it to match your brand voice and launch your casino.
What are the key features of a crypto iGaming platform?
Cryptocurrency iGaming platforms leverage blockchain technology to offer transparency and anonymity. Some crucial features of such platforms are, wide gaming catalog, PAM, multi-crypto wallet, robust security measures, fast gameplay, intuitive UI, etc.
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