We are committed to introducing players to a safe online gaming site where you can feel secure in knowing your privacy and money is safe. One of the safest ways to play online on a casino, poker, sportsbook, or esports betting site is using cryptocurrency. Many people have reservations about getting into cryptocurrency. Cryptocurrency can help facilitate your ability to get money on and off an online site. The fees tend to be much lower, very fast, and incredibly secure. Most online sport betting sites prefer players use cryptocurrency for all the deposits and withdrawals. If you have never used it and/or have no understanding, allow us to walk you through it.
Cryptocurrency, colloquially referred to as ‘crypto’, is a digital currency. You are able to access, transfer, use, and check the prices from any device connected to the internet. It is similar to a bank wire transfer in ways. Crypto is held in a wallet. Wallets on your phone or computer are software wallets. You can also store your crypto offline for even greater privacy and control in ‘cold storage’ using a hardware.
A bank account has an account number. Your crypto wallet has an address. This address is exclusive to you. It can be accessed in many wallets and devices by entering your passcode. The passcode is a 12-16 random word key that you enter if you get a new wallet or want to access your account from a different wallet. If you want to send money to someone, you ask for their crypto address. Note, each crypto currency has its own address. Bitcoin, most popular crypto, has a different address than Ethereum does. If you want to send a friend $100 worth of bitcoin, you ask them for their wallet address. Open your wallet, tap bitcoin, then send, enter the amount you want to send, then paste their address into the appropriate space. Double check the address is correct, confirm, and then hit send. A few minutes later, the bitcoin is now in their wallet. This is the same process you would use to deposit or withdraw money from a gaming site.
To purchase or sell your crypto into USD, you need to open an account at an exchange. Coinbase, Kraken, and Gemini are examples of crypto exchanges. You open an account on one the the exchanges, verify your identity and address. These are required as per the KYC/AML regulations. KYC is Know Your Customer/AML is Anti Money Laundering. You then attach your bank information, PayPal, or one of the other options to send money to the account. You click on “Buy”, then click on the crypto you want to purchase, enter a dollar value, confirm, and send. In a few minutes, you will receive confirmation that your purchase has been completed and you now own that crypto. You can hold it as an investment, send it to someone, your private wallet, a website, make purchases, etc….
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