Over 30,000 people play blockchain casino games every week, and over 4,000 bet with crypto daily. Gambling is obviously moving towards digital assets with more than 300 online casinos accepting cryptocurrency payments.
Crypto-based casinos have gained a lot of popularity since they are secure, can pay out fast, they charge a low fee and all their records are opened.
Before you could start crypto gambling, you must top up your wallet. We’ll take you through the whole process so that you can start safely.
Setting Up a Crypto Wallet: A Quick Guide
In order to deposit crypto in an online gambling site, you must have a crypto wallet. There are a variety of option available when it comes to the wallet such as:
- Software wallets: They’re perfect for frequent transactions.
- Hardware wallets: Great for holding large amounts safely and securely.
- Mobile wallets: Good for on-the-go users.
Step-by-step wallet setup
There are three easy steps to set up your wallet:
- Choose the right wallet: Begin by measuring what you will need. Where you consider security, preference is given to hardware wallets. If you are a convenience person, choose a mobile or software wallet.
- Download and install: Follow the wallet's setup instructions. Followed by the setup, create a secure password and place your backup recovery phrase in a secure and private place.
- Fund your wallet: Click through one of the options listed in this guide to fund your wallet.
How to Buy Crypto for Gambling
A strong wallet guarantees safe funds and your mind is always intact when it comes to potential thievery. Protect your coins by taking the following easy security measures.
- Enable 2FA: Making wallet more secure by means of a technique that requires a detailed verification of each transaction.
- Back up your wallet regularly: Continual backup of your wallet is a smart security measure in case technical hitches occur.
- Use cold wallets: If you have fewer of your crypto exposed online, then you are less likely to get hacked.
- Private key protection: Make sure your recovery phrase is never accessible to anyone, under any circumstances, and keep it absolutely confidential.
- Avoid public Wi-Fi: Make only your transfers via secured internet to protect your money.
- Update the wallet software: Regular updates of the software on your wallet means that you are protected against security holes.
Step-by-Step: Depositing Crypto into an Online Casino
Below is a step by step guide on how to make crypto deposits at online casinos:
- Enter your account and click the cashier or financial transaction tab.
- Choose to make a deposit with your favorite cryptocurrency.
- Copy the deposit address: Review and write down the address for the crypto wallet of the currency you are choosing before copying. This address is unique for your account, so that you can always feel certain that your money is transferred properly and securely.
- Open your crypto wallet
- Go to your wallet’s send function. Do the deposit address for the casino in the recipient’s box.
- Enter the amount: In case, you may as well easily change the deposit amount to match your preferred spending limit.
- Double check that the address and the money are correct before going on.
- Double-check your information, after which confirm the transaction. Be ready for your wallet to ask for password or verification code for its transaction to be secure.
Crypto Transaction Fees and Speed
Generally, the transaction costs are lower than 1% and even lower than credit cards and bank transfers that carry 3-5%. For example, crypto deposits are usually handled in real time and withdrawals will be available within 24 hours compared to the usual 2-5 day gap in traditional banking.
Key Factors for a Reliable Gambling Site
Check out the casinos operating with established MGA or Curacao licenses, a wide range of games combined with stop-off bonuses. Make sure that the platform is known for timely cashouts and that offers secure gameplay. Express that customer support is always available in high praise that is steady positive feedback. Ensure that there is a variety of accepted crypto coins, so that you can enjoy the flexibility that you need.
Top Online Gaming Platforms and Deposit Options
Listed among the most common recommendations about these Bitcoin-compatible gaming sites are:
| Casino | Features | License | Bonus | Minimum Deposit |
|---|---|---|---|---|
| Bizzo | High limits, quick registration | Curacao | Up to 1000NZD + 150 FS | None |
| PlayAmo | Loyalty program, multiple cryptos | Curacao | 100% up to $125 + 100 FS | $10 |
| Stake | No minimum deposit for crypto | Curacao | $75,000 weekly giveaway | None |
| 7Bit | 24/7 support, fast withdrawals | Curacao | 80 FS for $5 | $5 |
| CasinoDays | Extensive game selection | Curacao | €300 welcome bonus | $10 |
Essential Advantages of Gaming with Crypto
Crypto-based casinos offer you a number of benefits which will enhance your experience when gaming:
| Advantage | Crypto Casinos | Conventional Online Casinos |
|---|---|---|
| Transaction Speed | Fast transaction speed with the use of blockchain technology | Withdrawal delays are possible, and some deposits and withdrawals may take a few days |
| Fees | Low or minimal transaction fees | Basically much higher costs, particularly when processing credit card or bank transfers |
| Security | More assurance against fraud through such procedures as encryption and anonymous transactions | Classic security procedures exist, but numerous online casinos ask for user data to prove the identity |
| Privacy | Greater anonymity; do not request any personal information for deposits | Verification usually entails forwarding personal and financial information to be used in identity verification |
| Transparency | Blockchain ensures fairness and transparency | Limited transparency; there is no apparent way to verify the fairness of each game |
| Access to Cryptos | Is supportive of various digital currencies such as Bitcoin, Ethereum, etc | Mainly uses famous payment systems such as debit or credit card and e-wallet |
| Bonuses and Promotions | Though provides unique crypto bonuses as incentives | Although there are normal bonuses, there are not many exclusive crypto bonuses |
| Global Accessibility | Global, especially in regions where crypto has favorable rules | The service may or may not be available in specific areas due to the legal prohibitions |
Helpful Tips for Responsible Gambling
All set, even if crypto provides extra anonymity, it is crucial for a responsible gambler to watch his digital wallets. Here are some ways:
- Decide on a budget: It is advisable that you mark your own spending limit before you start to avoid overspending.
- Track your spending: Transfer your gaming money into a new account. In this manner, it is easy to observe how much you are betting.
- Understand the games: Learn from the game’s instructions and the pays out, which will help you make intelligent bet decisions.
- Don't chase losses: If you run into a setback, refrain from trying to recover your losses by making one big bet. Take your time and then come back and play. Consequently, you will be unlikely to play from desperation or frustration.
- Use casino tools: Some websites allow the users to set time or amount limits to their actions. Use these controls in order to be able to control a realistic gambling budget.
Final Thoughts
If privacy, convenient transactions and low-cost fees are one’s top priority, then a crypto casino is the best option. It is necessary to consider responsible habits when coming to gambling. Stick to the proven sites and play responsibly ensuring a safe and enjoyable gaming environment.