How to Use Cryptocurrency (Bitcoin) at Casino 2021?

Cryptocurrency to play in online casinos 2021

On many eSports gambling platforms, it has become impossible to make payments via Yoomoney and with bank cards.

This upset the players, and they wondered how now to make deposits and withdraw winning funds at online casinos. Various answers can be found on forums on the Internet, but the simplest and most effective solution is to use cryptocurrency (Bitcoin, Litecoin, Ethereum, Dogecoin, Tether) and various cryptocurrency platforms.

What cryptocurrency should I use to play in the casino?

  • Bitcoin: A decentralized digital currency that is increasingly used during various types of online transactions on gambling platforms. Moreover, this does not require intermediaries. In this cryptocurrency network, the player will have to pay high commissions (6 USD and more) when making payments in an online casino.

Since Bitcoin is not regulated by any financial authorities, it is impossible to find out who made payments on the Blockchain network. By using bitcoin wallets, you can completely hide your identity from everyone and be sure that no one can track your transactions, but their delays can be more than 24 hours. No third parties can obtain information about your account and balance.

Bitcoin for online casino games is in this photo.
Bitcoin for online casino games

Bitcoin payments at online casinos are processed instantly, but the transaction speed slows down if you want to charge less than the recommended commission. This applies to both methods: withdrawals and deposits. Withdrawing cash from a casino account and approving it by the payment department takes a few seconds, but it should be borne in mind that significant fluctuations in the rate can occur, both upward and downward.

Bitcoin is independent of legal and economic regulations. This payment service provides the customers of gambling establishments with independence since it is difficult to track whether a player is playing at an online casino or not.

  • Ethereum: The main advantages of this cryptocurrency are security and anonymity. The transaction fees on this platform are lower than on the bitcoin network (2 USD per transfer of any amount). If the commission is adequate, then transactions with this cryptocurrency are instantaneous. The disadvantages of paying with Ethereum in online casinos are the rapidly changing ETH exchange rate, as well as the need to set up a wallet for cryptocurrency and convert an ETH deposit into casino currency.

 

  • Litecoin: This cryptocurrency system offers the following impressive benefits for online casino players:
  1. Anonymous gambling with Litecoin. The players’ personal data is not disclosed – only a unique crypto wallet address is required for transfers;
  2. Fast online casino deposit: With traditional transfers, you will have to wait many times longer. With LTC, your funds are transferred almost instantly;
  3. Evidently fair principle: Online casinos that use Litecoin are certified, licensed and known for fair games that can be checked after every hand or spin of the roulette wheel;
  4. Low commissions (on average 0.05 USD) when depositing and withdrawing funds using the Litecoin cryptocurrency. You can spend the saved money on something else.

Where to buy a cryptocurrency for a casino deposit?

There are plenty of ways to purchase tokens. This transaction is paid using a bank card or e-wallet.

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Most often, players use cryptocurrency exchange offices, which have their own advantages:

1. Withdrawal is possible to bank cards, as well as to cryptocurrency wallets Qiwi, YooMoney, Skrill without commission.

2. You can exchange the most popular currencies: Bitcoin, Litecoin, Ethereum, ZCash, Dash, Bitcoin Cash, Ethereum Classic.

3. Orders are processed almost immediately (high transaction speed). Large selection of exchange directions. Cumulative discounts apply.

Also, exchangers have their disadvantages:

1. High commissions.

2. Verification of a payment card.

Buying cryptocurrency on a crypto exchange

If you want to purchase digital coins, use the services of a cryptocurrency exchange. An example of such a platform is the Binance exchange. You will find various tokens on it. Transactions on the exchange are carried out with low commissions.

Binance - Best Cryptocurrency Exchange of 2021 is in this photo.
Binance – Best Cryptocurrency Exchange of 2021!

You need to verify your account if you are going to make transactions from $ 150.

Acquiring cryptocurrency on a cryptocurrency exchange has its advantages:

• Convenient interface;

• Low commissions;

• Using an account on the exchange to pay for online casino services;

• Using a bank card for transfers.

Cons of buying tokens on a crypto exchange:

• Funds can be frozen;

• There is not always access to methods of withdrawing funds or making a deposit.

Buying digital coins with a cryptocurrency wallet

With a bank card, you can purchase cryptocurrency using a cryptocurrency wallet. In this case, you will pay a commission of 5-10%. To buy cryptocurrency, indicate the required amount and type of tokens, then make a payment.

This method of buying digital coins has its drawbacks:

1. You need to specify the card details.

2. It is necessary to go through the verification process.

3. You will need to pay high commissions.

However, this method has its own merits:

1. You will immediately have your digital currency at your disposal.

2. Cryptocurrency will never be frozen in your account.

How to save the purchased cryptocurrency?

A cryptocurrency wallet is where private keys are stored. The key gives you access to funds accumulated in the form of bitcoins or other digital currency stored at specific addresses on the Blockchain network. Remember that losing or stealing your private key will result in the loss of all funds in your digital account.

Hardware wallets are also used to store tokens. These are external USB devices (for example, the TREZOR for 100 USD) that resemble a regular USB flash drive. They store data offline, so you need to connect them to your computer before making a transaction.

Trezor - a device for storing cryptocurrency is in this photo.
Trezor – a device for storing cryptocurrency

Browser wallets are also a very handy solution that works with web browsers. The browser wallet resembles traditional internet banking. Your best bet is to download the wallet to your PC or smartphone. It’s better than keeping tokens on a cryptocurrency exchange.

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Summary

Major casino brands and gambling companies now accept cryptocurrency as legal tender for their registered customers so that they can fund their gaming accounts and play online games. Accounts funded by customers with cryptocurrency for gaming are easily identified and verified by the online casino platform.

If you decide to use tokens for online casino transactions, do the following:

1. Install the downloaded crypto wallet on your computer or smartphone.

2. Transfer money from the card to the Qiwi or Yoomoney wallet.

3. On the Bestchange portal, choose a cryptocurrency exchange point and make an exchange of funds.

4. Customers of gambling sites can now request that their winnings while playing at online casinos be deposited in cryptocurrency into wallets provided by customers for withdrawing their cryptocurrency winnings. Therefore, go to the gambling platform and transfer money to the cryptocurrency address that you specified in the deposit method.

5. After winning at the online casino, withdraw the winnings to the specified crypto address.

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1xSLOTS - Best Crypto Casino of 2021 is in this photo is in this photo.
1xSLOTS – Best Crypto Casino of 2021 is in this photo.

 

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How to Use Cryptocurrency (Bitcoin) at Casino 2021?
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How to Use Cryptocurrency (Bitcoin) at Casino 2021?
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Cryptocurrency to play in online casinos 2021 On many eSports gambling platforms, it has become impossible to make payments via Yoomoney and with bank cards. How to Use Cryptocurrency in a Casino (2021) A Player's Guide!
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