Using crypto wallet: Online casinos’ fastest payment option
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A crypto wallet helps you hold and use coins like Bitcoin (BTC), Ethereum (ETH), and other altcoins. These coins are not physical coins you can hold in your hand, because they’re only available online. You can send, buy, or keep your coins safe with this wallet. Think of it like a bank, but it’s not a place, it’s more like a small app or file on your phone or PC.
Some wallets are easy to use; you have to log in, send coins, and you’re done. Others are a bit hard to set up. But in both cases, you get a password consisting of a long mix of letters and numbers.
Why do online casinos use crypto wallets?
Online casinos like Bitcasino io support crypto wallets as they are fast and safe. When you pay with a bank or card, you wait for hours or days for the transaction to complete. But with crypto, your funds come in seconds or a few minutes, and it costs less.
Moreover, paying with a card typically comes with fees compared to crypto where the fee is small or none at all.
How to use a wallet to play
Now that you know what a wallet is and how it works, look at how to use it in real play. Here’s how to go from coin to casino fun in just a few taps.
- Choose a wallet: Many players use mobile ones like Trust Wallet or MetaMask. Once you have one, buy some coins. You can do that from apps like Binance or Coinbase. Then, send your coins to your wallet.
- Select a casino that accepts crypto: When you want to play, go to the cash page. Pick ‘crypto’ or the coin you use.
- The casino will show a code: Open your wallet, scan that code, and press send. In just a bit, the coins will land in your game balance.
- Start playing: You can play slots, table games, or sports games with ease.
How safe is using a crypto wallet?
Your wallet is secure as long as you keep your key safe by not sharing, posting, or saving it in places where others can get it. Some people write it down on paper and hide it.
You must also choose a known wallet and a fair casino. Read reviews to learn about other users' experiences. If the casino has poor support or late cash-outs, avoid it. Watch out for scams; if a site tells you to send coins with no promise or asks for your password, don’t trust it, as it might steal your funds.
Explore the types of wallet
Not all crypto wallets are the same. Some are fast to use, and others are made to enhance safety. It helps to know their differences below:
- A hot wallet is linked to the web which you can use on your phone or PC. It can be an app or a site, perfect for players who play a lot and move coins often. They’re easy to use and work well for new users. But since it’s online, it is prone to hackers if you're not careful.
- A cold wallet can be used offline and is in a form of a flash drive that stores your coins. These are more safe from hacks, as no one can get in unless they have the device. But if you lose it, your coins are gone too.
Good bits of using crypto in casinos
With crypto wallets, you get your payouts swiftly at a cheaper fee. Most of all, it allows you to play in peace, and some casinos are giving bonuses like Bitcasino.io bonus that reward their players for signing in or depositing funds. You don’t need to wait for banks to open as crypto is accessible 24/7, so you can play when you want, and your cash out when you need.
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