Cryptocurrency Guide - Online Casino Payment Methods

All right, here come several crypto casino reviews together with the description of crypto casino bonus system and other advantages of this payment method. Go on reading to miss a thing!

Using Cryptocurrency at Online Casinos

Actually, crypto slots exist for ages. Since the online projects are operating, of course. And no wonder as cryptocurrency and online gambling are ‘best friends’ and regular players know about that. First of all, you will hardly ever find an iGaming site that won’t accept a crypto deposit. And in addition, dozens of satisfied players are already using the method. So if you are a newcomer or just want to get acquainted with a new method to pay for your games (and withdraw your prizes as well), here’s a detailed guide of making deposits/withdrawals at the best crypto casino sites on the web.

The Telegraph

Cryptocurrencies use decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders.

telegraph.co.uk

How does Cryptocurrency work?

When it comes to using this money, you don’t notice the difference as it’s all quick and convenient. Though some gamblers face the fear of the unknown at first. Actually, there is nothing to worry about. If you are already an owner of any cryptocurrency and a wallet to keep it, you can exchange it for any other currencies and pay for the spins you make on the sites on the crypto casino list.

These funds are virtual, but it doesn’t mean that they are available only on the web. The winnings you withdraw can be spent on numerous other sites and at some real-life shops as well. Actually, it looks like using an e-wallet, but safer and much faster.

Interesting to know: there are over 7000 kinds of cryptocurrency in the world. And the most popular ones are BTC, LTC, ETH, NEM, Dach, Monero, and so on.

Cryptocurrency billing methods

If you are going to join a crypto online casino, it’s important to understand how to use this method properly and where to get money of this kind. And there are several ways to go.

Actually, you can visit any exchange sites and open a wallet there. You can also buy the necessary amount of the currency you are going to use exactly on that site.
If you are a more advanced customer, you can download the necessary software to install it on your computer/phone. This way, you have an independent wallet.
And a bit more complicated method, but safest, is to buy a special drive that will serve as an independent tool to keep your money.

Of course, newcomers find the first method most convenient. And as soon as the wallet is opened via one of these ways, players can use its address and the password to make transactions on various sites, including the crypto games casino platforms.

How to Deposit with Cryptocurrency

If you are ready to use your digital money in order to start a game, here’s a detailed guide on how to do that.

Create a cryptocurrency wallet and buy/exchange as much crypto as you need.
Visit the online casino you find reliable and sign up.
Go to the Cashier section and select an option of depositing.
Choose the currency you want to use and provide an amount to pay.
Provide the details of your payment system and confirm the transaction.

That’s all: now you can activate a bonus and start playing. In addition, you can grab a crypto no deposit bonus or any other promotion that the gambling site you choose offers. It can be a welcome package, a regular gift, etc.

How to Pick a Cryptocurrency Casino

Actually, it works the same way as when you choose the site with any other payment system: the main things to consider are honesty (valid licenses), a good range of games (types and their amount), a pack of promotions (the more the better), and tiny details, such as an interface, a mobile app, and so on.

And, as we are discussing the following method, it’s important to check whether the casino you like is working with cryptocurrency and has a good selection of its types. When it’s a BTC casino, it’s great. But it’s much better when the operator can offer transactions via ETH, LTC, and others. And alternative fiat solutions will also be a plus.

Safe Cryptocurrency Casinos

Any iGaming site, regardless of whether it’s working with crypto or any other currencies, should be safe. And a range of tools, including licenses, RNG certificates, and reliable vendors that supply the software can all prove it. That’s why casino Monte Cryptos, Edgeless crypto casino, Crypto Thrills (no deposit bonus), and other brands are so popular.

All the Best Cryptocurrency Casinos

To choose the best sites with the following option, remember to check the project’s features in general. For example, if you can count on a crypto casino no deposit gift, it’s a big plus. And remember that sometimes operators can work with this currency but accept fiat money as well. That’s even better as players always have a choice. And here are the projects that are rather popular among gamblers: bitStarz, 7Bit, Mr Bit, JVSpin, and so on.

Advantages of Cryptocurrency

This payment solution is becoming more and more popular, and here are several reasons for that:

loads of online casinos accept the method;
the range of cryptocurrencies is really wide;
these transactions are safe and extremely fast;
players can get bonuses in crypto;
anonymity for casino customers is guaranteed.

Disadvantages

As for the weak points, they aren’t in majority. But you still should be aware of them:

you need time to get a cryptocurrency wallet and exchange money;
these transactions can’t be called off: you have to be very attentive when making a payment;
some sites may not support the currency you are using.

Deposit Limits

This factor, in most cases, depends on the casino you visit. But in general. cryptocurrency payments don’t have any limits and that’s a great advantage of this solution.

FTC

Cryptocurrency values change constantly. The value of a cryptocurrency can vary rapidly, even changing by the hour. It depends on many factors, including supply and demand. An investment that’s worth thousands of dollars today might be worth only hundreds tomorrow. And, if the value goes down, there’s no guarantee it will go up again.

Cryptocurrency Security Seal – How to Avoid Scams?

As well as in any other industry, you, first of all, have to be attentive as your mistake can cost you a lot. Remember to check whether the number of your wallet is right when processing withdrawals. And as for the security tips in general, here they are.

Only official sources	It’s about both casinos and the sites to exchange cryptocurrency. Make sure that you can trust the platform before sharing your details.
Avoiding emails from scammers	When the email you get is not from an official source and you are required to provide your password or any other personal details, cancel and delete this email as it’s from scammers.
No offers for free	If you find an offer to hack your wallet or a casino to get more money, never accept it. If only it’s not a promotion of the official casino where you play (but these offers usually have wagering requirements and are not completely free).

Frequently Asked Questions

How long will the transaction take?

One of the benefits of these payments is that they are all instant, including withdrawals.

Do all casino sites accept pay by cryptocurrency?

In fact, not all of them, but the majority. And even if the platform doesn’t accept this method, it will definitely add it soon. By the way, a crypto casino no deposit bonus is a common thing that many operators provide.

Is pay by cryptocurrency accepted in my country?

In most cases, operators don’t check your country as cryptocurrency payments are international. Just keep in mind that the laws can change and you should be attentive.