Cryptocurrencies At Online Casinos

Cryptocurrencies At Online Casinos
Cryptocurrencies At Online Casinos

Cryptocurrencies at online casinos are used by many punters. This does not mean that casinos that use cryptocurrencies do not have other banking methods. They do however many players choose to use cryptocurrencies.

There are many reason why players choose to use cryptocurrencies and in this post we will look at some of those methods. And for those Aussies who wish to start using cryptocurrencies at online casinos this is the best place to be. This as we will look at what cryptocurrencies are as well how to use them at online casinos. We will also the advantages and the disadvantages of using cryptocurrencies at online casinos. Lastly, we will also cover the best cryptocurrencies at online casinos.

How to use Cryptocurrencies at Online casinos

Using the traditional banking methods at online casinos is very similar to using cryptocurrencies at online casinos. The only difference however is when it comes to the actual process of depositing and withdrawing your funds.  When using cryptos at gambling sites you will also need to have a wallet where your funds are stored.

Deposits With Cryptos

  1. Go to the online casino where you want to play and navigate to the banking methods page.
  2. Look for and select the cryptocurrency that you want to use
  3. You will then to provide your crypto wallet
  4. Enter the amount that you want to deposit
  5. You will then receive a code.
  6. Use this code to redeem your wallet and the transaction will be initiated
  7. Your funds will appear at the casino and you can begin your real money gameplay.

Crypto Withdrawals

Making withdrawals with cryptos is just the same as making the deposits. But you need to got the withdrawal section of the page.  Follow the same steps as before and you will see your withdrawals appear in your account within juts a few minutes.

Getting Cryptocurrencies to Gamble With

Cryptocurrencies need to be mined or they can be bought. The easiest way however to get them is by buying them. Mining takes some time, however you will still be able to get them. You can also use exchanges like Coinbase to get cryptos as well.

Cryptocurrencies at Online Casinos: Pros and Cons

Like any other manmade item, there will be the good and the bad that come with using cryptocurrencies at online casinos.

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Pros

  1. Speed: Transactions are instant when you use cryptos at online casinos
  2. Security: It I impossible to hack a cryptocurrency. As such they are very secure
  3. No third Parties: Using crypto’s when you are gambling, its juts you and the casino, there is no middle like when you use other traditional methods.
  4. Anonymity: They are impossible to trace
  5. Convenient: An online currency for an online market

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Cons

  1. Value Fluctuation: The amount if crypto can change any time depending on the market.
  2. Anonymity: Should you send to the wrong casino, it is impossible to trace your funds. In other words, there is no refund.
  3. Legal Status Remain Unknown: The best online casinos can use cryptos at the same time even rogue online casinos can use them as well.

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Choosing A Cryptocurrency

Each online casino will choose a cryptocurrency that best suits their needs. This does that mean that that crypto is the best, it just mean that specific online casino feels it is the best for their site. Below we will look at some of the major cryptocurrencies at online casinos.  

  1. Bitcoin: This is the most popular currency as it is the first to be invented. As such, this currency is widely used and accepted at most online casinos. Abbreviated as BTC
  2. Litecoin: Very similar to BTC but it is has faster transactions and relatively cheaper. What makes it faster than BTC is that new blocks are created every 10 minutes. Abbreviated as LTC.
  3. Dogecoin: Very secure and the value is very stable. However, it is smaller than BTC and is bets used for small transactions. Abbreviated as DOGE.
  4. Ethereum: This is Bitcoins main rival. And it has a larger supply that BTC. It is a very versatile currency and can be used to make applications, programs and software. Abbreviated as ETH.

Conclusion

More and more people are starting to use cryptocurrencies at online casinos. This is as they are very fast. Use cryptocurrencies at online casinos Australia today to enjoy fast and unlimited transactions.

Cryptocurrencies At Online Casinos FAQs

[accordiongroup id=”299″][accordion group=”299″ title=”Which cryptocurrency can I use at online casinos?” active=”true”]This depends on which crypto is offered at that casinos. However most real money casinos that use cryptocurrencies as banking method are most likely to have Bitcoin and Ethereum.[/accordion][accordion group=”299″ title=”How do I make transactions with cryptocurrencies at online casinos?” active=””]To make deposits you need to follow these steps: Deposits

  1. Go to the online casino where you want to play and navigate to the banking methods page.
  2. Look for and select the cryptocurrency that you want to use
  3. You will then to provide your crypto wallet
  4. Enter the amount that you want to deposit
  5. You will then receive a code.
  6. Use this code to redeem your wallet and the transaction will be initiated
  7. Your funds will appear at the casino and you can begin your real money gameplay.

And for the withdrawal you follow the same steps, but go to the withdrawal methods.[/accordion][accordion group=”299″ title=”Is it safe to use cryptocurrencies at online casinos?” active=””]Yes, it is very safe. These are the safest options to use when doing any online transactions.[/accordion][accordion group=”299″ title=”Do all online casinos accept cryptocurrencies?” active=””]No, not all online casinos use and accept cryptocurrencies. As such you need to make sure that you check if the casino accepts them before you start playing there. That is if you want to use cryptocurrencies at online casinos.[/accordion][accordion group=”299″ title=”If I deposit in cryptocurrency will I get my wins in cryptos as well?” active=””]Yes, you will. This is actually one of the reasons many players choose to use them at online casinos.[/accordion][/accordiongroup]