Crypto Wallets Casinos: How to Gamble with Digital Assets
Rachel Elam | November 24, 2023 | Updated on: November 30th, 2023
ryptocurrency wallets play a pivotal role in the realm of digital currencies, serving as secure and essential tools for individuals engaging in the decentralized world of blockchain technology. These wallets, both hardware and software-based, function as digital repositories for cryptographic keys, allowing users to store, manage, and transact with their digital assets.
In an era where financial landscapes are evolving rapidly, crypto wallets provide a gateway to decentralized finance (DeFi) and empower users with control over their funds, fostering the principles of autonomy and financial sovereignty. As the popularity of cryptocurrencies continues to grow, understanding the significance of crypto wallets becomes paramount for those navigating the dynamic and evolving landscape of digital assets.
Casinos that Accept Crypto Wallets
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24/7 live chat and telephone customer service
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Play on any mobile and desktop device
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Bitcoin supported
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90% Cost coverage, no annual limit
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Easy, straightforward claims process
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No annual or lifetime limits
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Great selection of casino games
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Wide variety and selection of bonuses
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All licensed vets are covered
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Up to 90% reimbursement
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VetConnectâ„¢ 24/7 helpline
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Save 40% for eligible multiple bets
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Great range of RTG slot machines.
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Reliable and experienced gaming operator.
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Networked RTG progressive jackpots.
Benefits Of Online Gambling with Crypto Wallets
Anonymity: Cryptocurrencies allow you to gamble with privacy, as you do not need to provide any personal or financial information to use them. You can also avoid geo-restrictions and censorship from governments or regulators.
Security: Cryptocurrencies are secured by mathematical algorithms and distributed networks, which make them immune to hacking, fraud, and manipulation. You can trust that your transactions are transparent and verifiable and that your funds are always safe and accessible.
Speed: Cryptocurrencies are faster and cheaper to transfer than traditional fiat currencies. You can deposit and withdraw your funds in minutes without intermediaries or fees.
However, to use cryptocurrencies for online gambling, you need a crypto wallet, which is a software or hardware device that allows you to store, send, and receive your digital assets. Crypto wallets do not actually hold your coins but rather your private keys, which are secret codes that prove your ownership of your coins and allow you to access them on the blockchain.
Factors We Consider When Choosing A Crypto Wallet For Online Gambling
Compatibility: How many cryptocurrencies does your wallet support? How well does it integrate with the online casinos that accept them?
Usability: How easy is it to use your wallet? How fast and cheap are the transactions? How many features and functions does it offer?
Security: How safe is your wallet from hackers, thieves, and human errors? How can you recover your funds if you lose your device or forget your password?
Cost: How much does your wallet cost to buy or use? Are there any fees or commissions involved?
Best 5 Crypto Wallets For Gambling
Top choices for crypto wallets tailored for online casino payments include platforms such as:
- Coinbase:
Features: Allows the purchase of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin through Bank Transfers, Visa or Mastercard Cards, and various E-Wallets.
Accessibility: Available for use on both computers and mobile devices.
- Electrum Wallet:
Features: Ideal for users who prefer downloadable apps for computers or mobile phones; currently supports Bitcoin payments only.
Purchases: While it doesn’t facilitate cryptocurrency purchases within the app, you can utilize services or exchanges like Binance for acquisition.
- Binance:
Features: Though primarily an exchange, it includes wallet functionality and supports over 100 cryptocurrencies.
Additional Services: Built-in P2P service for buying and selling cryptocurrencies with fiat payment systems.
Platforms: Accessible through both web and mobile apps for iOS and Android.
- BitPay:
Features: Supports several popular fiat currencies for payments; functions as a crypto wallet and enables cryptocurrency purchases.
Supported Cryptocurrencies: Bitcoin, Ethereum, Litecoin, DAI, Polygon, and more.
Purchases: Limited to Payment Cards for buying cryptocurrencies.
Platforms: Web version for browsers and a mobile app.
- com:
Features: Streamlined cryptocurrency purchase process with support for over 20 cryptocurrencies using Visa and Mastercard.
Dual Functionality: Serves as both a crypto wallet and a platform for acquiring cryptocurrencies.
Accessibility: Available through both a web version and a mobile app.
How To Buy Cryptocurrency Using a Wallet
Once you’ve chosen the crypto wallet that suits your needs, purchasing cryptocurrency on Bitcoin.com is a straightforward process. Register and undergo the mandatory verification process using your email, Google account, or Apple account. Install the mobile app, scan the QR code, and access your wallet.
After identity verification, you can buy cryptocurrency with your preferred fiat currency. Allow some time for payment processing. Once your funds are credited to your Bitcoin.com account, the specified amount of cryptocurrency will be available in your embedded wallet.
From there, you can easily transfer your Bitcoins to any online casino account, such as crypto casino 7bitcasino.com, with a quick and cost-effective transaction.