How to Pay with Crypto at Online Casino

Cryptocurrency takes away the dependence on banks to verify every transaction. This, in turn, allows anyone, entity, or organisation to send and receive payments without regulations or restrictions.

  • Pay with Crypto
  • Crypto at Casino
  • Crypto Casino Payments

Cryptocurrency is a completely new category of digital assets. It is a digital or virtual currency that is secured by cryptographic technology, making it impossible to make counterfeit or double spend. Blockchain is the technology that supports cryptocurrency; it collects information together in groups known as blocks (a block holds sets of information).

Blocks have a limited ability to store data and so, when its storage becomes full, it closes and links to the previously filled block, which becomes an intricate and intertwined set of data called a blockchain. There are 4 main types of blockchain and for every transaction made, a record is made publicly available on a ledger called the blockchain. The first cryptocurrency, Bitcoin, was created in 2009 and it has since experienced mega growth in popularity and market value.

Over three hundred million people currently own and use cryptocurrency on a daily for transactions, with almost 18,000 businesses incorporating it as a method of payment, including large businesses like Microsoft, and retail outlets like Starbucks. This means that cryptocurrency might be an alternative to fiat currency in the near future and the importance of understanding how to make use of this digital currency cannot be over-emphasised.

Making payments through payment getaways

step 1

right step

Create digital invoice

The recipient issues a digital invoice and accepts payment using a payment gateway of their choice. This invoice usually comes as a QR code with the recipient’s wallet address and required amount.

The recipient issues a digital invoice and accepts payment using a payment gateway of their choice. This invoice usually comes as a QR code with the recipient’s wallet address and required amount.

step 2

right step

Scan the QR code

You (the sender) then scan the QR code using a barcode app and make the required payment using crypto.

You (the sender) then scan the QR code using a barcode app and make the required payment using crypto.

step 3

right step

Finalize Transaction

The cryptocurrency is then transferred to the receiver’s digital wallet.

The cryptocurrency is then transferred to the receiver’s digital wallet.

Best Crypto Coin Casino Sites

bc.game

BC.Game

4.8 /5

780% Welcome Package + $5 No Deposit Bonus

  • Crypto-friendly Site
  • Modern Casino
  • Games from leading suppliers
BTC

18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply

Betpanda Casino

Betpanda

4.8 /5

1BTC Bonus + 10% Weekly Cashback

  • VPN Friendly
  • Weekly Cashback
  • Crash Games
BTC

18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply

rocketpot

RocketPot

4.5 /5

Get 110% Deposit Bonus + 50 Free Spins.

  • Crypto-friendly Bonuses
  • Daily Cashback Available
  • Live Dealer Games
BTC

18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply

Coins.Game Crypto Casino Review

Coins.Game

4.5 /5

1000% Welcome Bonus + 100 Free Spins

  • Big Crypto Bonuses
  • VIP Bonuses
  • Daily Rewards
New

18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply

Metaspins Casino Review

MetaSpins Casino

4.8 /5

1 BTC Bonus + 60% Rakeback - Wager Free

  • New Crypto Casino
  • Super Rakeback Offer
  • Casino Community
New

18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply

How to own cryptocurrency

Before making payments with cryptocurrency, the first step is to understand the process of owning the currency. One of the major ways people own crypto is by purchasing it. Depending on the method and exchange platform you used to purchase your cryptocurrency, the process can be quite easy and stress-free. The safest way to buy your cryptocurrency and avoid fraudsters is to purchase it from an exchange platform directly into your crypto wallet.

How to Make Payments Using Cryptocurrency

Crypto Payments are becoming widely recognised and accepted by individuals, retailers, businesses and organisations. This means cryptocurrency can be used in place of fiat currency to make a purchase at the grocery store, pay bills, etc. Crypto Payment is fast becoming a cheaperquicker, and faster alternative to traditional transfer funds, either locally or internationally. There are three known methods of making payments using cryptocurrency: manual transfer, payment gateways, and a crypto debit or credit card.

1. Making payments through manual transfer:

A manual crypto payment is a transfer of digital currency from one crypto wallet to a different wallet. To make a manual transfer, you’ll need the receiver’s public wallet address. Log into your wallet, paste the recipient’s wallet in and transfer the funds.

This process sounds easy, it can be risky, especially for those unfamiliar with this process. This is because transactions cannot be reversed, and so any mistake made cannot be altered. So when using a wallet-to-wallet transfer method, ensure every minute detail is correct so you don’t lose your money.

Payment Gateways, just as its name implies, are used to transfer cryptocurrency using third-party software. It’s considered the preferred option to Manila transfers since it’s faster and the chances of there being any errors, are extremely low, so you don’t have to bother about sending the wrong currency to the right address. Depending on the platform, the steps differ, but the universal method listed above applies. And just like that, you’re done and the whole process is completed in a couple of minutes. It’s also more convenient and secure than the manual process.

2. Making payments through credit or debit card:

Paying for cryptocurrency can be done via a credit or debit card directly linked to your crypto wallet. This helps you make payments using cryptocurrencies, even if the receiver accepts only fiat currency.

To use this method, you’ll first need to have coins or tokens deposited a wallet with your card provider. When you purchase a good or need to make a payment, the crypto exchange automatically sells your virtual currency, converts it into the exact amount of good you purchased in fiat currency and sends it to the receiver.

Conclusion

Cryptocurrency is fast becoming acceptable by financial institutions, businesses and companies. However, before proceeding to make payments, ensure you understand the rudiments so you don’t end up losing your money.

Taking the time to research the basics of cryptocurrency, how it works, why it works, and the various coins and payment methods is what anyone with an interest in crypto should do before jumping in.

Pros

  • Cryptocurrency is protected from government regulations and bank interference, protecting you from the differences in exchange rates.
  • Cryptocurrency transactions are often faster than a bank transfer and considerably cheaper since it comes with little transaction fees.
  • Crypto payments gateways usually have 24/7 customer support that can help with any problem or questions you may have.
  • The Cryptocurrency payment gateway is usually beginner friendly and saves the stress of having to manage a virtual wallet.
  • There is less control over your crypto when using a payment getaway since it adds an intermediary into the process, which defeats the initial purpose of zero third-party influence.

Cons

  • The prices of cryptocurrency in fiat could have high volatility, making it harder to plan your finances and even lose money. This is one of the major reasons for the rejection of cryptocurrency in many businesses and organisations.
  • Fees are often charged by some networks for their service.
  • Crypto is still not widely accepted as a payment method, nor legally recognised as an acceptable tender for transactions.
  • Crypto can be used for illegal or criminal activities, hence the rejection by many governments around the world.

FAQ

Crypto casino players buy their currency from providers. It can also be purchased from other individuals who own crypto coins using normal fiat currency.

A crypto wallet is a virtual or digital account created for holding, sending, and receiving virtual currency.

Yes. Some casinos offer free crypto when you sign up or play subsequent games in the same way as fiat casinos offer welcome or sign-up bonuses.

For an online casino to be considered valid and legitimate, a recognised body or institution must license it.

They are relatively safe. The servers hosting the casinos are secure. All crypto transactions are also anonymous and are not subject to any third-party intervention.

profile - chris
profile - chris

Chris GrandContent Publisher

Hi everyone, I’m a huge slots fan. I’ve been spinning for over a decade and have plenty of experience when it comes to slot machines. My other passion is writing, and I combine the two to give you clean and transparent guides and reviews that I hope you find helpful.

Best EU Casinos

JustBit Casino

JustBit Casino Info

€750 Welcome Bonus + 75 Free Spins

Visit site

18+ New Players Only. Min. Wagering Requirement. Valid until Further Notice. Full T&C's Apply