Thank you for choosing our crypto casino guide for beginners. Before getting to play at an online casino with cryptocurrency we'll start with a brief introduction to crypto. Since its advent in the early 2000s, cryptocurrency has slowly but surely taken a stronghold on the world's economy, creating a niche for crypto casinos. The promise of making financial transactions without the need for a middleman was surely a plus, but its ability to seamlessly synchronize with several organizations has been its higher point and Crypto casinos have now become the new "thing".
WHAT ARE CRYPTO CASINOS?
Cryptocurrencies have been on making headlines on a regular basis and Bitcoin the most popular cryptocurrency in the world has managed to spread its tentacles even into the casino business. Crypto casinos are casinos that exclusively utilize cryptocurrencies, and even might be built on blockchain technology. Lots of online casinos have chosen to accept Bitcoin and other digital currencies as additional payment methods. Some crypto sites might even go as far as creating their own token, these casinos are referred to as blockchain casinos.
STEP-TO-STEP GUIDE TO GAMBLING WITH CRYPTO
The process involved in joining the Bitcoin casino bandwagon is a straightforward one, you can start using bitcoin casinos after these four(4) easy steps:
1. Choosing a crypto exchange
Before you can do anything, it is highly recommended to open your exchange account. You can get bitcoin and crypto tokens by exchanging your FIAT currency for crypto. There are a few exchanges like Binance, Coinbase, Bitstamp, and Kraken that would be a good start for you.
If this looks like a lot of hassle for you you can go straight to step 3, where you can choose from sites where you exchange your old-school money for cryptocurrency for a small exchange fee.
2. Choosing a reliable crypto wallet
Choosing a bitcoin wallet is not a tasking job, but still very important as this is where you store your coins, receive your earnings, and make your deposits. So after acquiring your Bitcoin, as a beginner, it is advisable to pick trusted wallets like Metamask or the Binance wallet. We recommend the following hot wallets to transact your coins.
- Binance Wallet
- Trust Wallet
When you've chosen to use Binance you can use the Binance wallet in step 2, if you opt for Coinbase we recommend the coin base wallets. For all exchanges and casinos, you can use Metamask.
3. Choosing from Crypto Casinos
This is the stage where all you need to do is select your preferred choice of casino. There are three types; regular casinos that accept crypto through e-wallet solutions which add an additional step to your journey. We recommend going for highly rated Crypto casinos like BC Game, and Fairspin Casino which are crypto-only casinos that we would recommend for safety reasons.
4. Depositing into and Withdrawing from the Casino
This is a fairly simple process that makes use of your wallet address and the casino's wallet address. The process takes less than 5 minutes to confirm and then you can start playing immediately. All of crypto bonuses above will be valid for new players only.
Cryptocurrency has been expanding its horizons for over a decade now and Casinos are taking advantage of that, helping you to make payments and receive your earnings without the need for a centralized authority. This of course increases the risk involved so ensure to do your due process when selecting your preferred casino, wallet, and exchange as they all handle your Crypto.