An online casino with cryptocurrency option is a gaming platform where users can deposit, bet and win in BTC, ETH, USDT and other cryptos.
Modern online casinos strive to provide their customers not only with a wide range of bonuses, but also with convenient conditions for crypto currency transactions. To make deposits and payments on the iGaming sites, players have a choice not only of international currencies such as the EUR or AUD, but also local currencies, particularly the USD. To maintain anonymity, many players prefer a cryptocurrency casino. What is more, such casino type can also be much more profitable with the right approach.
What is a crypto currency casino?
The attractiveness of cryptocurrency casinos lies in the fact of involving of intermediaries in the transactions that allows you to make all your purchases and payments very secure. All payments are made with minimal fees, and regulatory agencies cannot track players' income from gambling activities. In such casino with cryptocurrency in a selection, there are often interesting promotions, implemented with increased anonymity and security of transactions. All these features are the main strengths of crypto currency casinos.
What you need to know about the withdrawal of money at cryptocurrency casinos?
Features of receiving a prize in cryptocurrency should be dealt with separately, but it is necessary to take into account the peculiarities of payments at online casinos in general. There may be a commission in most cases. So, it is better to ask the support service about detailed information about fees.
Cryptocurrency casino varieties
In the Internet you can find universal gambling clubs where you can use Bitcoin and more usual fiat money (CAD, EUR, USD, etc.). But there are institutions where the main game currency is only digital coins, such as Bitcoin, Ethereum, Litecoin, etc.
Crypto currency casinos that use exclusively BTC (or other cryptos) are establishments where players can deposit and withdraw their earnings only with the help of Bitcoin. Typically, such casinos have simplified verification procedure. It means they have increased protection of transactions and high anonymity, making it difficult to trace money transfers for government bodies and other people.
Anonymous crypto casinos with no verification procedure at all, use only cryptocurrency for gambling. It helps to protect reliably all transactions from regulatory authorities (BITFIRING is one of those crypto currency casinos).
Criteria for choosing a crypto currency casino
When you select a crypto currency casino, it is important to consider several additional factors:
- ability to play without investing;
- method of verification and the degree of protection of confidential data;
- absence/presence of regional restrictions;
- reliability and safety of the club;
- availability of bonus and loyalty programs;
It is the best decision to prefer proven and reliable gambling establishments that have all necessary conditions for a comfortable and safe game.
Things you need to know about regional restrictions of crypto currency casinos
Gaming clubs that want to operate in the US officially must pay prizes to bank cards. Thus, the state wants to control taxes, while the cryptocurrency itself has an uncertain status. Only a few countries in the world have decided this question on their legality that makes it difficult to get a license for crypto currency casinos. Most of these institutions in the US are blocked by the Internet service providers. The use of VPN or a mirror of the gaming site will help eliminate this problem, but there are a number of difficulties.
The first point is a need to look regularly for a new working copy of the site. Mirrors of illegal casinos are blocked quite quickly - often within a few days. The second problem is in the user agreement. There can be some restrictions for players from some countries. Regional restrictions may apply to the entire platform or individual bonus offers.
Some US platforms accept users from around the world, but do not allow withdrawal of prizes received with no-deposit FS. It is necessary to study carefully the user agreement of the chosen crypto casino.
How to deposit and withdraw in crypto currency?
The rules of financial settlements when you use cryptocurrency do not change. Users should deposit and withdraw funds in accordance with the requirements of the established limits.
The very sequence of making a deposit using BTC or other crypto looks something like this:
✔ In the deposit section, a special form is filled out and the amount of the deposit is specified.
✔ After completing and confirming, the form is automatically redirected to the Bitcoin payment page (a unique QR-payment is created).
✔ Having scanned the QR code, the user is directed to the wallet page, where it will be necessary to confirm the payment.
✔ After confirmation, it is necessary to wait for the status of the payment to change to "Confirmed/Successful/Paid".
✔ Usually the deposit is processed within 10 seconds. You can withdraw funds to a BTC e-wallet by going through a simplified verification procedure beforehand and filling in the box with your personal account number. You can create a wallet for Bitcoin on any service, for example - blockchain.info. To top up your wallet you need to use exchange services like Binance or others.
How to exchange Bitcoins in USD or other fiat currency?
To exchange Bitcoins in the USD, you need to turn to third-party exchangers. You can find actual services for exchanging Bitcoins in the USD on the official monitoring site BestChange, where the best exchangers for transactions with the lowest commission losses are presented.
Residents of the USD can use Binance exchange that offers some of the best conditions for exchange to the Americans, and to carry out the exchange you only need to register an account and be verified by passport or ID-card.
Features of the game at crypto currency casinos
To get the most out of playing at the top crypto casinos, players need to understand the main principle of the market. Generally speaking, the cryptocurrency has a high volatility. Moreover, the rate is unstable and can change greatly depending on a variety of factors.
When you gamble with BTC (or any other crypto), it is important to keep a close eye on the exchange rate in order not to go broke. The high "floatability" of BTC rates is a minus, but at the same time it is a plus, because players can get much more from the exchange, having managed to pick the most suitable moment.