Crypto slots

Crypto Slots: From Coins to Crypto

Last updated: June 11, 2024


Written by CryptoCasino — Cryptocurrency Specialist with extensive knowledge in blockchain technology and digital currencies. Skilled in analyzing market trends and offering insightful perspectives on crypto currency investments and developments.

Slot machines have a long and storied history in the world of gambling. What started out as a physical machine that took coins has evolved into one of the most popular forms of online casino games that accepts all forms of payment from debit and credit cards to cryptocurrencies. In this article, we’ll take a look at the history of slots and how they have continued to adapt with the times to eventually become the crypto slots that we know today.

The origins of slot machines

The original gambling machine dates all the way back to 1891 Brooklyn, New York. Sittman and Pitt were responsible for creating this revolutionary machine which, in exchange for a nickel, would spin its five barrels and give the player a chance to win a prize. At this time, the machine didn’t have a direct payout and so the prizes were determined by the establishment in which the machine was placed. This was most commonly a bar or public house, so prizes tended to be free drinks or cigars.

The reels consisted of 50 card faces and the game predicated on poker, with the player earning a prize based on the strength of their ‘hand’. With so many possibilities, it was impossible to build a mechanism into these early machines that allowed for an automatic payout based on the various possible combinations. Recognising this, Charles Fey of San Francisco, California designed his own version between 1887 and 1895.

This newer version reduced the number of reels from five to three and the number of symbols from 50 to just five. This, in turn, significantly reduced the number of possible outcomes which enabled the machine to read a win and therefore trigger an automatic payout from the machine. This was a significant step forward in the creation of what we now recognize as a modern slot machine, which is fascinating in that the basic set up and even the symbols used are still similar to this day in online crypto slots than they were back in the late 19th century.

The online slots revolution

In 1996, Microgaming released the world’s first online slot game. It took the concept of a video slot game, which had been massively popular in brick and mortar casinos since their introduction in 1976, and brought that experience online. This wasn’t just a straight adaptation, either. WMS Industries developed their game, titled ‘Reel ’Em In’, to be the first in the world to feature a second screen that opened up for the bonus round. This is something that online gaming developers continue to utilize to this day in the more modern bitcoin slots that they create.

The same company was also responsible for the development of the first online jackpot slot game titled ‘Cash Splash’ in 1996. The massive wins that players have enjoyed playing this particular slot game remain among some of the largest jackpots ever won to this day. Online slots were played almost exclusively on computers and laptop devices from that point up to the introduction of smart internet phones, which were revolutionized by Apple iOS and Android devices.

These mini, handheld computers completely changed the online casino landscape and created a massive shift in gambling operator and gaming developer priorities, who began to put much more emphasis on the mobile casino experience. What we have now is an online casino landscape that is very much mobile-first, with the vast majority of its customers accessing the most popular online games on mobile devices and the newest game releases clearly being designed with this in mind.

Introduction of crypto slots

The emergence of cryptocurrency in the mainstream market led to the introduction of cryptocurrency casinos. These new online casinos were specifically tailored to target those who prefer to use crypto to fund their online btc gambling activities. This, in turn, led to the development of crypto-exclusive casino games and the most popular among those is no doubt crypto slots.

These new crypto slots provided casino enthusiasts with the opportunity to play some of their favourite titles such as Big Bass Splash, Dragon Reels and Wild Wild Riches Megaways while using crypto as a valid form of payment in place of traditional fiat currency. Online casino players love crypto slots because they provide so many more benefits when compared to regular online casino slots.

Some of those benefits include:

  • Anonymity - playing crypto slots provides you with the ability to play online with complete anonymity, meaning you can rest assured that you and your information are safe.
  • Faster withdrawals - you can also benefit from speedier transactions when you play at Cryptocasino, so you can get your winnings back into your account quicker and easier.
  • Security - as with all crypto transactions, when you play crypto slots online, you can enjoy a much more secure experience thanks to the enhanced encryption that is used to process Blockchain transactions.
  • Bigger bonuses - a great benefit to playing online casino slots with crypto is that you can land yourself even bigger bonuses compared to regular casino and slot games.
  • Lower fees - playing casino games with crypto also means you pay lower fees than you would using traditional fiat payment methods such as credit or debit cards.

When it comes to crypto gambling, online slots are certainly the most popular games for fans to enjoy and it’s not difficult to see why.

The future of crypto slots

Online cryptocurrency slots have been around for around a decade, however their popularity has only increased over the last few years. More and more players are realizing the extensive benefits that crypto slots offer and that’s why Cryptocasino continues to grow exponentially. It is, however, an ever-changing market and with some countries potentially fighting for centralization of cryptocurrency casinos, it’s something that could continue to evolve as time goes on. For the time being, crypto slots and other cryptocurrency games remain the most secure and anonymous way to enjoy all of the benefits that online casino games offer.

Whether it’s megaways slots, online roulette, blackjack or baccarat, you can play all of your favourite crypto exclusive casino games with us here at Cryptocasino.