Using Cryptocurrency at Online Casinos
Cryptocurrency is the latest trend not just as a global alt currency, but as a way of funding your online casino account as well.
Register for a Crypto Wallet
These wallets can be a device, service, physical medium, or programme which stores the public and/or private keys for your cryptocurrency transactions. It can also encrypt and sign information in some cases. Do your research and find the crypto wallet that does what you need it to.
Once you have found one, you will need to register for it by sharing some personal information. After this, you will get a digital ID assigned and this is how you will unlock your account in the future.
Fund Your Wallet
Naturally, you will need to buy cryptocurrency once you’ve registered for a wallet. If you are doing this purely to fund an online casino account, find out which alt currency the site supports. The most popular are Bitcoin, Ethereum, Litecoin, NEO, and Ripple XRP, but there are many more to choose from.
Then you will use your traditional currency in the form of a credit or debit card or wire transfer, for example, to fund your new crypto wallet. Your balance will reflect the purchase you’ve made at the market value for each altcoin, which, like fiat currency, are subject to fluctuation.
Pick an Online Casino
Now you need to find a respectable, trustworthy online casino that has the games you most enjoy available for real money play.
Find a Bonus
The biggest drawcards for online casinos are the fabulous bonuses they offer new and returning players, so have a good look at these offers. Several make it possible for cryptocurrency users specifically to get a little something extra back.
Make a Deposit
Head to the Cashier section of the online casino you’ve chosen and look for their cryptocurrency options. Select your preferred one and you’ll receive the address for the site operator’s wallet. Now you’ll need to enter this information into your own wallet and indicate how much money you want to transfer.
The whole process takes seconds, and your new online casino account will reflect it almost instantly. Be aware that the amount may be converted back into the fiat currency of the region the online casino account you’ve selected caters to, however.
Withdraw Your Winnings
When it’s time to request a payout for your slots or other winnings, you once again simply have to head over to the Cashier section of the site. Follow the instructions there for withdrawals and indicate the amount you wish to be paid and which cryptocurrency you prefer. You’ll then be asked to provide the online casino with your crypto wallet address and, once you’ve shared this information, the process will kick-off. The transaction is very often instant, but there may be a pending period in place at the site, so make sure you read all the Terms & Conditions applicable before you start. In most cases, you’ll see your wallet reflecting the new balance at once, but you may have to wait for it in others.