Crypto gambling has increased a lot worldwide as more and more people turn to crypto casinos. As in the rest of the world, the trend is quickly catching on in Europe, including in Germany, where a growing number of traders see the current government regulations as overly restrictive and unacceptable.
Why More and More Players Are Choosing Crypto Casinos
The increase in crypto casino players is largely due to the introduction of a new gambling law, which simply did not work.
For example, the revised State Treaty on Gambling, which has been in force since July 1, 2021, provides for a maximum bet per game round of € 1. Although there are many Online casinos without this €1 limit, but they do not have a German license. For local casino operators, the law brings with it many more restrictions that cause players to look elsewhere:
Operators are obliged to forward the gaming behavior of players, including their deposits and wagers, to a central federal database. This surveillance has pushed many into crypto casinos – offshore casinos, whose business operations are based on exotic islands such as Curacao where you can play pseudo-anonymously.
To make it easier for new players to get into crypto-casinos who have little experience with the sector and cryptocurrencies, the software giant for online casinos, SoftSwiss, is helping.
SoftSwiss – The Software for Crypto Casinos
SoftSwiss was founded in Belarus in 2008 and originally developed software for auction houses. However, since 2021, the company has been focusing mainly on online casino software. The company’s technology offers modern, highly flexible solutions that casino operators can easily integrate into their platforms.
SoftSwiss has over 800 employees worldwide and its technology is currently integrated into hundreds of online casinos.
Managing Fiat and Cryptos with CoinsPaid
As the acceptance of crypto increased rapidly and its use in online casinos became more and more popular, SoftSwiss began to integrate virtual currencies into their payment modules. The team also decided to develop a wallet – CoinsPaid.
Key features of the CoinsPaid wallet
Compatibility: The wallet is designed so that the interfaces between the payment module and the casino are 100% compatible.
Multi-currency support: CoinsPaid is a hot wallet that currently supports 25 virtual currencies and 40 fiat currencies.
No fees: Users do not pay any fees for transactions to and from casinos, with the exception of miner fees of the respective coins and tokens.
Built-in replacement: The wallet also has a built-in crypto exchange that allows the exchange of all supported currencies with one click.
Getting Started with Crypto Made Easy
For all online casino visitors who are dealing with virtual currencies and crypto casinos for the first time, SoftSwiss offers the perfect one-stop solution.
Of course, there are no problems with most other wallets either. Here, however, most become the “German Michel” again and prefer to have everything from a single source. In this case, SoftSwiss offers a great one-stop shop for everything that concerns online casinos.