Before getting to play at an online casino with cryptocurrency we'll start with a brief history of Since its advent in the early 2000s, cryptocurrency has slowly but surely taken a stronghold on the world's economy, creating a niche of 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?
Bitcoin being the most popular cryptocurrency in the world has managed to spread its tentacles even further into the casino business. Some casinos exclusively utilize Bitcoin as their payment currency and others add it as a choice of payment methods, these casinos are referred to as Bitcoin casinos.
STEP-TO-STEP PROCESS OF USING CRYPTO CASINOS
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 Bitcoin exchange
Before you can do anything, you need to, first of all, obtain some bitcoin. You can get bitcoins by exchanging your currency for Bitcoin. There are a few trusted bitcoin exchanges like Binance, Coinbase, Bitstamp, and Kraken that would be a good start for you.
2. Choosing a Bitcoin 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 BRD, Mycelium, and Jaxx, this would be a good start.
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 like LeoVegas Casino and Mr Green Casino, provably fair Bitcoin casinos like Wild Tornado Casino and Slotvibe Casino & Crypto-only casinos which we wouldn't 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.
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 tour preferred casino, wallet, and exchange as they all handle your Crypto.
Also, check out our guide to best bitcoin casinos page.