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Crypto deposit in Online Casinos

Posted at: 12/10/2021

Reading time: < 5min


Nowadays with crypto currencies are getting more popular and more widely used every single day. Always being in pace with latest technologies and trends, reputable online casinos do offer the option for their customers to deposit in crypto.

It’s understandable that users feel insecure whenever there’s something “new”, especially when it is related to payments. To pay in crypto may be exotic for some, but the truth is millions of users do it on daily basis and are happy with the security and transparency of the blockchain. This is one of the reasons why the prices of the currencies themselves have gone through such a drastic raise in the last years.

How does it actually happen?

Let’s have a dummies look at the process of paying with something using crypto. First step would be to have crypto funds available. For this we need to create an account with some of the hundreds exchanges/wallets out there. Once created we can buy the currency of choice and that’s it. For the buying itself credit card or wallets like paypal can be used in most cases.

According to Investopedia these are the best crypto wallets, especially if we are talking about Bitcoin.

The process of buying usually takes minutes and users can see the requested amount in their balance.

What currency to buy?

It’s mostly a matter of personal preferences and beliefs and the reasons behind the purchase. Is it for investment, is it for just fast and smooth exchange of funds, etc. There are tons of literature online on this topic. According to most of the sources nowadays the most popular and commonly used currencies are:

  • Bitcoin (BTC)
  • Etherium (ETH)
  • Cardano (ADA)
  • Tether (USDT)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Binance Coin (BNB)

Once we have made a decision what to buy and have crypto available, it’s very easy to use it to buy something online, pay for services and everything else.

Including depositing to an online casino.

How does the deposit actually happen?

Assuming you already have an account with some online casino. To load your cashier and play for real money, you need to deposit first. Upon clicking deposit usually, you will be redirected to page where all depositing options available for your country are listed. Credit and debit cards, Skrill , Neteller, Paypal, Interac, Webmoney and probably many more, among which you will see some crypto currencies as well.

Clicking on the currency of your choice will generate an address

This address is actually a long combination of letters and numbers. All that must be done is to copy this address and go to your wallet where you keep your crypto assets. Once there you choose the respective currency (for example Bitcoin) and select withdrawal or transfer. Then you will be invited to enter an address and this is where you paste the copied one from the casino. Select desired amount, click confirm and that’s it. The funds are now sent to your casino account and usually appear there in a couple of minutes.

Almost always the address is additionally displayed as a QR code, for convenience. Instead of copy-paste you can just scan the code and proceed.

The advantage?

Crypto payments are fast, secure and transparent. There are a lot of websites where one can independently track the way of a payment from its source to its final “destination”. Along with many other pros all this make crypto depositing in online casinos a preferred way to deposit among millions of users every day.

No matter how you opt to deposit, if you are on your way to playing for real money, never forget to spend as much as you are comfortable with. The only way to fully enjoy online casino games is to play responsibly and only for the fun of it!