Complete guide to using cryptocurrency and online casinos

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cryptocurrency

Cryptocurrency has revolutionized online gambling. Today, bitcoin casinos are more popular than ever before, offering many advantages over traditional online casinos. These are-

  1. Fast deposits and withdrawals
  2. Low or no transaction fees
  3. Probably fair games
  4. High level of privacy and anonymity
  5. Available worldwide
  6. Unique games and bonuses

There are a couple of things to know and to do before making your very first cryptocurrency casino deposit. Two gambles with Bitcoin acquire a bitcoin wallet-a software in which Bitcoins can be saved. Buy Bitcoin at a digital currency exchange, where customers can convert Fiat money to other types of digital currencies and vice versa.

Cryptocurrency wallets:

Cryptocurrency wallets are used to store and trade coins. There are many different types of wallets to choose from, based on one’s personal needs regarding security, privacy, ease of use, and order-integrated features. Today, most exchanges provide their wallets for faster and easier trading.

Most crypto wallets are free to use. However, each deposit, trading, or withdrawal transaction incurs a fee based on current network conditions and custom fees to advanced users, who can customize transaction fees at their own risk.

Why cryptocurrency for online gambling?

There are many reasons for why cryptocurrency has become famous among gamblers, some of them are mentioned below;

  • Security

When a transaction for a deposit is done using cryptocurrency, the record for the same is stored. Hence, the receiving party cannot take your money and take it off. There will be a digital record of every transaction done.

  • Rate of exchange

Cryptocurrency is like any other currency. It holds a worth in terms of traditional currency. However, this value keeps on fluctuating on a daily basis.

What are the steps to gamble with cryptocurrency?

There are several sites that allow a person to gamble with cryptocurrency. Here are the steps on how to use cryptocurrency for gambling,

  • Cryptocurrency wallet

Firstly, you are required to have a crypto wallet to play games in a casino. Hence, create one from so many options available for crypto wallets by simply registering for an account. After this, you will be provided with a digital address which will be tied to the account.

  • Buying coins

After creating an account, you are supposed to buy coins. Buying coins is the same as buying stuff online. You can just select the type of currency and how the small amount of cash you want to purchase, and in seconds, your account will be funded.

  • Picking a site to play

After getting your account funded, you have to choose a site of your choice to play and spend your currency. You have to look for a place that has everything you are looking for, like casinos, sports, etc.

  • Make the deposit

The transactions at gambling sites do not take long and can be done within seconds, many websites offer credit till the funds of people get settled.

  • Pick your game

Now pick a game you are interested in and choose the table and the level of stakes. Read the rules and instructions of the game for a higher possibility of a win.

  • Keep in mind the value

When gambling in cryptocurrency, keep in mind the rate of exchange of the local currency. To maintain your bankroll in cryptocurrency, the value of every bet is a good start.

Here are a couple of cryptocurrency services-

  • Blockchain crypto wallet:

Blockchain is relatively secure, trusted, user and beginner friendly, and available on mobile and desktops. A Blockchain wallet can be created in just a few easy steps:

  • Go to Blockchain.com
  • Click on the get started button to sign up
  • Register a free account
  • Enter your email address and password
  • Verify the email address and log in to your newly created account.

In this way, you can easily create an empty Blockchain account before buying some Bitcoin. You need to complete the sign-up process to the Blockchain exchange, verify your account on mobile, link your credit or debit card and send money in exchange for BTC.

Since Blockchain offers conversion to traditional currencies, you can also use the wallet to make casino deposits in Fiat money.

  • Exodus crypto wallet:

Exodus is a beginner-friendly desktop and mobile wallet with an intuitive interface, supporting over 70 digital assets. Unlike, Blockchain, it does not require account registration to use, as it is stored and encrypted on your hard drive. It is a crypto-to-crypto platform and does not interact with the traditional financial system.

Here’s how to create an Exodus wallet:

Visit the official Exodus website to download and install the app for windows, Mac, Linux, Android, or iOS. Then follow the successive steps to complete the backup process, create a password and receive a 12-word secret recovery phrase. The 12-word phrase should be safely stored offline, as it is a master key to all your assets used to access your balance, transfer funds, and recover your wallet in case you lose the password or your computer.

Banking with cryptocurrency may seem intimidating at first, yet season gamblers will find it surprising just how easy and fast it is to deposit BTC at an online casino.

How to make a casino deposit using Bitcoin:

While individual Bitcoin deposits across the online casinoInstant Online Casino Withdrawals: Fact or Myth? market may differ slightly due to interface properties, the process itself is essentially the same. Before choosing a crypto-friendly gaming site, make sure it is reputable steps for creating a casino deposit:

  • At first login to your BTC-friendly casino
  • Open the Casier section
  • Pick the Bitcoin and deposit option
  • Choose how much you would like to deposit

Complete the payment by sending the desired amount to a specific deposit address provided by the casino or by scanning the QR code for mobile app payments.

Then go to your Bitcoin wallet, click on the send option and enter the address to authorize the payment. Simply anyone can make a casino deposit using cryptocurrency.

Best cryptocurrency mobile gambling sites:

There are more and more online casino sites that are accepting cryptocurrency these days, but that does not mean that they are all of the same quality. Here are some of the top gambling sites that accept cryptocurrency.

  • 22 Bet: this site began in 2018 and quickly gained popularity. Today this is one of the best online casinos in the gambling industry.
  • Betway: this site began in 2005. It is best known for its impressive collection of over 500 slot games.
  • Europa: Europa was begun in 2003. It is with a huge arsenal of slots and table games.
  • Spin casino: This was launched in 2019 and features a great selection of online games and a wide variety of banking options to choose from.

Frequently asked questions:

  1. Is crypto gambling legal?

Gambling at crypto casino sites is legal in most countries. However, a few have outlawed it, and some even go as far as to prosecute people who gamble with this type of currency.

  1. Can you earn from crypto-playing games?

Play-to-earn crypto games are not only for fun, but they are also profitable. These games allow you to make real money from your gaming exploits in the crypto space.

  1. How many cryptocurrencies exist?

At the time, over 2100 different cryptocurrencies were available.

  1. What was the first cryptocurrency?

The first ever cryptocurrency to make it to the market was Bitcoin, launched in January 2009.

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