The iGaming world today is increasingly relying on the values of quick speed, reliability, and transparency, and it is precisely due to this reason that we are seeing the rise of two major iGaming trends – crypto casinos and turnkey iGaming platform solutions. Both of these offer speed, innovation, and flexibility in their own ways. Crypto gambling is now being favored as a payment and betting option due to its speed, global accessibility, privacy, and transparency. On the other hand, we see the rise of turnkey crypto-ready casino solutions as a robust, quick-launch solution system with added freedom for customization.
Let’s get a deep dive into what a turnkey crypto casino really is and how it has reduced operational difficulty in iGaming.
Turnkey Crypto Casinos: A Basic Introduction
Turnkey crypto casinos are basically pre-made online casino software solutions that support cryptocurrencies for player deposits and withdrawals. They can be customized during the development stage as per the operator’s wishes.
Crypto casino solutions usually have a set of basic features that include
How Turnkey Crypto Casinos are Tackling Common Operational Challenges?
Here is the list of the common things that an operator is doing to tackle operational challenges of a crypto casino:
• Creating a Robust Software Platform Structure
One of the basic complexities that operators face in their iGaming journey is building a unified platform that seamlessly supports various basic crypto casino functions in a single, unified interface. Operators frequently need solutions that can easily handle various critical functions together, like security checks, crypto support, and game content management, so that they can focus on business aspects like marketing, player base expansion, and collaborations.
Turnkey crypto solutions basically eliminate this issue by offering dynamic, tested solutions that can handle the basic technical functions required of casino platforms. This eliminates the need for the operator to focus on the technical functions of the casino platform, allowing the operator to easily focus on business-related aspects.
• Managing Crypto Support
A dedicated crypto payment integration for casinos is a major operational complexity that operators face. A basic crypto casino should be able to have the technology that can handle crypto transactions in a transparent form and imprint them onto blockchains for secure records. In addition, they must also have an efficient crypto conversion system, secure multi-currency casino wallet systems, and crypto storage facilities.
A turnkey crypto casino system already comes embedded with extensive and dedicated crypto support facilities, which enable operators to seamlessly carry out crypto transactions.
• Challenges in Scalability and Innovation
A major difficulty that operators face is the incapacity of the platform software to further scale up or further innovate. This can be seen mainly in operators with white label software platforms, which do not have scalable crypto casino platform architecture – this hampers the long-term growth on the side of the operators. Furthermore, technical rigidity also means that the latest innovative technologies cannot be applied to the software platforms.
A crypto turnkey casino software resolves these problems through its property of flexibility – turnkey platforms are designed in such a way that they can be quantitatively upscaled, customized, and technically upgraded according to the operator’s wishes.
• Hassles in Regulatory Compliance
Regulations are also one of the leading causes of hassles for operators. Operators constantly deal with the struggle to adapt to the regulatory compliance requirements of the regions that they are targeting – this is important too, as they may face the risk of closure or legal action in case they get anything wrong.
However, with the technical flexibility of a turnkey crypto casino platform, it becomes really easy to install technical mechanisms related to regulatory compliance. In addition, many crypto casino software provider companies have now also been providing licensing and regulatory consultancy, making operational experiences easy.
• Difficulties in Software Provider Collaboration
Collaboration and partnerships are an important part of the iGaming business. You need to connect with multiple partners to obtain various assets like game content, backend management systems, and analytical systems. This results in a hectic schedule for operators, who have to deal with and accommodate various partners, and this results in a lot of energy wastage.
This complexity is also reduced with turnkey casino solutions because they have pre-built integrations enabling inclusion of the major features and games – this results in a pre-built solution according to the preference of the operator. It helps in reducing the operator’s workload in dealing with various partners, increasing operational efficiency in iGaming.
• Dealing With Security Threats
Security is another major aspect of iGaming operations that needs to be addressed on an urgent basis. The operator needs to be able to be equipped with the technical knowledge and the means to fight off various kinds of attacks and scam attempts, like denial-of-service attacks, scam attempts, and money laundering attempts. Furthermore, they must also stand guard against the new and evolving threats posed due to technological changes – this is especially true for crypto, where monetary transactions are usually irreversible.
A turnkey crypto casino platform offers pre-made security features, which enable it to successfully fight off the latest security threats efficiently, and also give relief to operators. Crypto solutions are also equipped with extra security features like encryption and two-factor authentication.
• Handling Customer Support
Talking to players and addressing any grievances that they might have boosts player trust in the iGaming operations. Operators usually need to hire a team that can interact with players and help them resolve their issues promptly.
However, this issue is greatly resolved in turnkey crypto casinos with the help of CRM (Customer Relationship Management) software found in the turnkey software, which helps in segmenting players and reaching out to them with messages, support, and even marketing offers. In addition, AI-based chatbots and iGaming automation tools also play a powerful role in reducing operational workload in customer support.
• Dealing with Marketing Affiliate Networks
Affiliate networks are basically used for promoting casinos and ensuring the inflow of new customers. However, this task can be daunting as operators frequently struggle to manage new affiliates and assign them a proper marketing strategy, while also guarding against potential scams and affiliate abuse.
Turnkey Crypto casino software solutions offer a unified and robust affiliate management system that enables operators to manage, guide, and expand their affiliate network smoothly.
• Issues in Player Data Storage and Analysis
Analyzing player data ensures that you can run targeting marketing campaigns based on segmentation, single out troublesome players, and analyze the casino operations as a whole. However, studying, organizing, storing, and analyzing large parts of such data can make things burdensome if you don’t have a proper reporting and management tool.
Turnkey crypto casino software solutions offer excellent reporting and management systems that can properly analyze data and present operators with detailed and actionable reports, reducing operational hassles.
Future of Turnkey Crypto Casinos
Combining the elements of turnkey in crypto iGaming solutions makes the operational burden light. However, it is a trend that has been meeting with some resistance – the volatile value of cryptocurrencies, the quick launch provided by white-label casino models, and the lack of knowledge regarding turnkey casinos among operators are just some of the things that are making the adoption of this type of solution slow.
However, with the passage of time, newer innovations are coming up that are making operational choices more diverse and interesting, further expanding the playing field for operators – how will turnkey crypto casino solutions adapt to this? Let’s wait and see.
