Cryptocurrency gambling has become a real trend recently. Blockchain technologies in online casinos open many advantages and opportunities for players. Today, we will talk about how to start playing for cryptocurrency in an online casino.
Benefits of Using Cryptocurrencies in Online Casinos
Why are cryptocurrency payments so standard in online gambling? This is due to several advantages that this payment method has. Among the main ones are:
- Possibility of instant replenishment of the account and withdrawal of funds won.
- All payments using cryptocurrency are made without additional commission.
- The ability to avoid other checks and verification when creating an account in an online casino.
- Complete anonymity of payments.
- Blockchain technology eliminates the possibility of canceling, changing or deleting a payment that has already been sent.
Blockchain technology also provides provable fairness in casino games. In simple words, each player can check how the random number generator works independently. This will help ensure that the casino is not cheating during the draws.
Before you start playing for crypto, we advise you to read all the poker rules here; https://www.ignitioncasino.eu/poker/how-to-play. Choosing a reliable casino that operates under a license and complies with all regulations and agreements when serving customers is also essential. Let's take a closer look at the process of starting a game for a crypt.
Step by Step Guide to Playing Crypto Poker
Step 1 – Create an Account on a Cryptocurrency Exchange
You can only skip it if you already have enough bitcoins in your cryptocurrency wallet to replenish.
Currently, there are several leading exchanges selling and exchanging cryptocurrencies. Before registering, make sure that the platform supports the token you need. Now crypto casinos work with Bitcoin and other coins, such as Litecoin, Dogecoin, LBLOCK, etc.
Some crypto casinos now have their tokens. But they are often used only as an internal currency on the platform. We advise you to first study this issue to know which coins to buy on the exchange.
Cryptocurrency exchanges are exchanges where you can exchange US dollars, euros, or other fiat currencies for tokens. Most reputable exchanges check their clients – when registering, be prepared to send scans of your passport or driver's license for verification.
Step 2 – Buy Cryptocurrency
Once your account has been verified, you can buy cryptocurrencies. In most cases, it is enough to deposit a certain amount of fiat into the account by bank transfer from a credit or debit card.
It is preferable to use cards. With them, the transfer will take a couple of minutes. But from a bank account, money can go within 1-4 business days.
Step 3 – Create a Cryptocurrency Wallet
Some exchanges already have their crypto wallets, so this step may only sometimes be required. A little advice – even if the exchange has its wallet, we advise you to create a separate one. So, you provide additional security for your assets.
Now there are several categories of crypto wallets:
- online;
- mobile;
- desktop;
- hardware;
- paper.
Online and mobile cryptocurrency wallets are more suitable for working in a poker room. The most popular option is the Metamask wallet. You can use it as an extension for your browser on your computer or download a separate mobile application to your phone.
We suggest you write down and save the secret phrase. It will help you restore your wallet if access is lost for one reason or another.
Step 4 – Transfer Your Cryptocurrency to the Wallet
The easiest step is to enter your wallet address on the website of the selected crypto exchange, indicate the required replenishment amount, and make the transfer. Tokens will go to the crypto wallet within a few minutes. For the safety of your assets, the transfer is carried out only after passing two-factor identification.
Step 5 – Create an Account in a Poker Room
If you don't have an account on a poker site yet, it's time to create one. Make sure the site is licensed. It is also worthwhile to first study the "Terms and Agreements" section to know about all the principles of the poker room.
You will need to enter personal and contact details during the registration process. Also, after completing the account creation, some sites request verification. You will need to send a passport photo, payment receipts, a picture of a bank card, and other necessary data.
Step 6 – Depositing Account with Cryptocurrency
If you have already played in an online casino, the process will not cause any difficulties. It practically does not differ from replenishment using other payment methods. You need:
- Go to the "Wallet" or "Bank" section, select the "Deposit" tab and choose the appropriate cryptocurrency from the list.
- Copy the crypto address of the poker site, and paste it into the payment submission form.
- Specify the transfer amount and click on the "Submit" button.
Then you need to update your poker balance and start playing for real money.
Some Tips for Using Crypto in a Casino
- Choose your poker room responsibly – Explore the license, and read independent reviews and testimonials from users.
- Do not store large amounts of bitcoin in your wallet and poker room account.
- For payment anonymity, you can use a new address for each transaction. In some wallets, this feature is available automatically.
- Check the transfer before sending – It cannot be canceled after confirmation.