More people than ever are shunning traditional online payment methods and fiat currencies when paying for products or services at the digital checkout on eCommerce websites and turning to cryptocurrencies and blockchain technology instead.
Online casinos are also now more popular than ever, but do they allow players to deposit and withdraw using cryptocurrencies like Bitcoin and Ethereum? Let’s dive in to find out.
Can I deposit and withdraw using cryptocurrency at online casinos?
Yes and no. A growing number of reputable operators have helped make online casinos more globally accessible by accepting cryptocurrency as a viable payment solution.
This means that online casino players around the world can now play their favourite online casino card games and slots in the real money mode. They can use the cryptocurrency balance that’s held in their crypto wallet to top up their online casino accounts.
Players can also withdraw their winnings back onto that same crypto wallet, which is fantastic for players who don’t like having to use their Visa or Mastercard credit or debit card online and those who don’t like using PayPal, Neteller, Skrill, Paysafecard, or any other traditional online payment solutions.
How do I deposit with cryptocurrency at an online casino?
First, you need to find an online casino that accepts your preferred cryptocurrency. Fortunately, the dedicated team of researchers on the globally renowned dappGambl iGaming review site have found several of the world’s best crypto gambling sites for you.
Each site is free to join and has been expertly reviewed before being recommended. After comparing a few of their crypto casino reviews to decide which one to join, you can register your free account in under a minute. Now, follow this simple step-by-step guide for depositing with crypto:
- Step 1: Open a reputable crypto wallet if you haven’t already from a reputable crypto trading platform, and then deposit funds into your crypto wallet so you can start purchasing crypto
- Step 2: When you sign up and log in to your new account, head to the cashier section and then choose your preferred cryptocurrency to deposit
- Step 3: Enter the amount that you wish to deposit and then confirm the amount is correct
- Step 4: Follow any other onscreen instructions that appear on the screen to complete the transaction. Your online casino account should now have available funds to play your favourite games
What are the benefits of depositing with cryptocurrency at online casinos?
Depositing with cryptocurrency is perfectly safe. In fact, crypto deposits and withdrawals are considered more secure than traditional online payment methods because of the higher levels of encryption across the blockchain network.
Crypto transactions are also faster than traditional payment methods like Visa and PayPal, and paying with crypto is much cheaper. The other benefit is the anonymity that cryptocurrency offers.
The decentralised nature of cryptocurrency means that no central governments or banking institutions are monitoring your every payment. Some players like this anonymity, which is why they choose cryptocurrency over traditional payment methods and fiat currencies.
What kind of cryptocurrencies are commonly accepted at today’s best crypto casinos?
Some crypto-accepting online casinos may only accept Bitcoin (BTC), whereas others also accept many others, such as Ethereum (ETH), Tether (USDT), Litecoin (LTC), and DogeCoin (DOGE).
It’s also starting to become more common to see online casinos accepting Ripple (XRP), Solano (SOL), Tron (TRX), Avalanche (AVAX), Binance Coin (BNB), Cardano (ADA), US Dollar Coin (USDC), and Polkadot (DOT), to name a few.
Final note
Before depositing any cryptocurrency you have into your new online casino account, perhaps start by setting yourself a reasonable budget. To ensure you don’t overspend, gamble responsibly and remember to cash out some of your winnings every now and then.
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