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Guide to Crypto & Bitcoin Gambling

One of the reasons people love crypto currency is the sense of freedom and privacy at the same time. All the advantages of digital money greatly benefit online gambling. For clients who are new to crypto gambling, learning through reputable gambling sites is a smart choice. The detailed information all in one place, offers the clients everything they need to know to enjoy the games in the safest way possible.

Once the players experience crypto gambling, they play with much more confidence. Blockchain technology with its high-tech software, enables admirable security, speed, trust and simplicity. When using crypto, transactions are faster, and no bank account details are needed. Private information sharing and cashing out is much quicker. No one is able to control or trace the transactions, everything is carried out between peers.

The most popular cryptocurrency, with the highest value is Bitcoin, but in crypto casinos other cryptocurrencies are also accepted: Ethereum, Dogecoin, Ripple, Litecoin, etc. If you are not familiar with crypto gambling these articles will help you understand and enjoy your game, and experience a whole new digital world.

What is crypto gambling?

The online gambling industry is one of the fastest growing industries nowadays. Crypto gambling has become available to millions of customers and is much more convenient and a safer choice than old-fashioned gambling.

If online casinos use cryptocurrency as a payment method, players are involved in crypto gambling. There are many reasons to consider gambling this way. The privacy of each player in crypto gambling is protected. Anyone can easily open an account in digital currency and also cash out their winnings.
What attracts users to crypto gambling as well, is that the whole process of gambling is always secured because blockchain technology provides the safest encryption software. This means that blockchain technology gives clients their much appreciated freedom and clarity. The transactions are completed strictly between a client and a gambling provider and there is no third party involved in the process. No bank account or specific approvals are required, which is necessary with credit card payments. Anyone can easily see that in crypto gambling transactions are a lot faster and safer. Crypto gambling sites invest in the latest software available, and build their trust with customers based on up-to-date technology.

Thanks to blockchain technology, the whole gambling process is completely revolutionized. Anyone can start playing, from any place in the world. Players need to provide three simple things:

• a wallet with cryptocurrency
• a crypto casino account
• their smartphone, tablet or computer.

Using a crypto casino account, each deposit or withdrawal can easily be completed within minutes.

Why is crypto gambling so popular?

People enjoy gambling when they are not limited or restricted by lots of rules. In the crypto world there are as few restrictions as possible. In many countries, standard casinos with credit card payment methods are not available to its citizens, because of bank legislatures or simply because gambling online is outlawed.

While using crypto casinos, everything is designed for fast and relaxed gaming and that’s what attracts more and more users. They become regular players, because the industry has established very simple rules which regular casinos can’t have. What people prefer in crypto gambling and highlight as its great advantage is the privacy. They don’t need to use banks nor credit cards, and certainly do not need to disclose any financial or private information. All that is required is their crypto wallets and an account at the crypto casino.

Players can choose a place and time, play from anywhere in the world, as long as they have a smartphone or a device with an internet connection. The whole process is safe and secure, thanks to blockchain technology. When someone uses a crypto payment method, the funds are transferred directly to crypto casinos. Crypto technology is highly sophisticated and advanced, and it’s the ultimate way for completely independent and secure transactions.

Everything is designed for fast, fair and anonymous gambling. The gambling fairness is highly provable, which is also a benefit of blockchain encrypted algorithms. When people realize that they can check the outcome at any time, their confidence is at the highest level. This is why they recommend crypto gambling to other users and leave extraordinary reviews on gambling sites. These sites enable anyone who isn’t completely informed to understand how to enjoy and engage in crypto gambling.

Is crypto gambling legal?

People enjoy gambling when they are not limited or restricted by lots of rules. In the crypto world there are as few restrictions as possible. In many countries, standard casinos with credit card payment methods are not available to its citizens, because of bank legislatures or simply because gambling online is outlawed.

While using crypto casinos, everything is designed for fast and relaxed gaming and that’s what attracts more and more users. They become regular players, because the industry has established very simple rules which regular casinos can’t have. What people prefer in crypto gambling and highlight as its great advantage is the privacy. They don’t need to use banks nor credit cards, and certainly do not need to disclose any financial or private information. All that is required is their crypto wallets and an account at the crypto casino.

Players can choose a place and time, play from anywhere in the world, as long as they have a smartphone or a device with an internet connection. The whole process is safe and secure, thanks to blockchain technology. When someone uses a crypto payment method, the funds are transferred directly to crypto casinos. Crypto technology is highly sophisticated and advanced, and it’s the ultimate way for completely independent and secure transactions.

Everything is designed for fast, fair and anonymous gambling. The gambling fairness is highly provable, which is also a benefit of blockchain encrypted algorithms. When people realize that they can check the outcome at any time, their confidence is at the highest level. This is why they recommend crypto gambling to other users and leave extraordinary reviews on gambling sites. These sites enable anyone who isn’t completely informed to understand how to enjoy and engage in crypto gambling.

Where can I gamble with crypto?

A decision on where to gamble can easily be made, when visiting specialized web sites which provide extensive information. Since the blockchain technology ensures maximum security in online gambling, all that crypto users have to do is follow the guide.
There are many trustworthy and reputable crypto casinos, and listing the most popular and most credible ones is always the first step before playing carelessly. Each list contains detailed descriptions of crypto casinos and it includes the following:

• a crypto casino website
• a variety of digital currencies accepted
• a provably fair concept
• payment terms and conditions
• some welcome bonuses
• a games portfolio
• minimum payouts
• deposit and withdrawal fees
• bonuses and promotions
• mobile compatibility
• customer support
• a license which proves that the casino is genuine and recognized by a gambling authority

When ranking crypto casinos, there are many factors included. The concept of provably fair games is on the top of the list of requirements for prestigious positions. That means that casinos operate with maximum fairness thanks to the encryption as a base of blockchain technology. Also that gives security both in gambling and transactions, and it’s the quality everyone is opting for.

For many people the most valuable information are the reviews made by other gamblers in the crypto gambling world. They are passionate about sharing useful data and using their knowledge and opinions to round off all the areas of online gambling.

If you are new to the crypto industry, the best way to decide where to play, is to explore websites which cover everything, and give you a safe and easy guidance. Also, you can chat online with casino operators, who are ready to present you all the options and explain in details what you’re interested in.

What we concluded so far is that the users are highly interested in casinos which offer the best bonuses and promotions, who provide broad customer support, and are compatible for smartphones and tablets.

Highlights

Our suggestions for the best crypto gambling experience:

• choose easy to navigate and play casinos
• check the casino’s license, and make sure that it is issued by the authority which regulates and controls online gambling, such as the Malta Gaming Authorities, Curacao eGaming, and the UL Gambling authorities
• use casinos which provide an online chat and have excellent customer support
• explore game portfolio and provably fair concept
• search for promotions and bonuses
• check for mobile apps
• check payment methods and
• minimum payouts

How does crypto gambling work?

The gambling industry is smartly taking advantage of broadly implemented digital money transactions. Crypto gambling is a type of online gambling at casinos which accept crypto currencies as a payment method. In this article you’ll find out how crypto gambling works and understand how to play safely and easily.

What is necessary to be part of the game?

• a wallet with cryptocurrency on it
• an account at a chosen casino
• a computer, tablet or smartphone

Buying crypto

Anyone can use their traditional currency to buy digital money. Conversion to crypto currencies is enabled through different platforms and providers. One of the most popular and easiest ways is through exchanges such as Coinbase and Binance. These transactions are safe, fast and very easy to perform. Choosing which crypto to use depends on personal preference. When playing at online casinos, you are advised to select the specific crypto currencies which the casino is offering.

Creating and funding a wallet

After buying a digital currency, it’s necessary to send it to your personal digital wallet. Those funds have to be stored in crypto (digital) wallets, you must not deposit the funds directly to the casino. Creating a wallet is very easy, thanks to well organized and simple navigation, which is possible throughout the internet.

Once you have the crypto currency in your wallet, you’ll be able to enjoy crypto gambling.

Choosing a casino and creating an account

The ways of choosing crypto casinos are different, our advice is to check a list of the most reputable and provably fair casinos.
A huge amount of time and experience has resulted in strongly reliable reviews, so it’s quite a good reason to follow the list when deciding where to play.

When you have chosen a casino, next step is to register and create an account. Having your account open at the casino and your funds stored in your crypto wallet, you are ready to transfer your funds to the casino’s wallet. You get the casino’s wallet address and make a deposit.
The entire process is simple and you can do it in a matter of seconds. First you have to select the currency, and then transfer the specific amount to the casino.

Withdrawals

Withdrawing your winnings is also very fast and easy to do.
You just have to visit the withdrawal section and enter your details, providing your wallet address, the amount and the crypto currency you wish to transfer.
If everything is in order, your winnings should be in your crypto wallet promptly.

There are some differences in the terms and conditions between the casinos, so please check the best options for you. Using information through websites which provide tons of details and recommend the best gambling sites gives you many advantages.
You can find everything you need in one place, learn all the possibilities and advantages of crypto gambling, but most importantly, earn different kinds of bonuses.

Highlights for first time users

• Download a crypto wallet app
• Purchase a cryptocurrency at an exchange app
• Transfer the crypto to your personal wallet
• Create an account at your selected crypto casino
• Deposit the chosen amount from your wallet

Advantages of crypto gambling

Since the creation of digital currencies, some people have been sceptic and haven’t put their trust in “virtual money”, while others have seized the opportunity and have earned a fortune. It is understandable that everything revolutionary and new in technology, especially regarding finances and investments demands thorough analysis and basic knowledge. After so many successful years, digital currency proved its significance and multi-purpose usage. We may say without a doubt that the crypto world now is an extremely powerful field with so many opportunities, possibilities and advantages.

What about gambling with crypto?

Is there any industry which could have gained more from crypto than the gambling industry? Hardly, because it has smashed the competition immediately since its implementation in online gambling.
Everything that was difficult for gamblers suddenly became history. The benefits were not only visible to the users, but also to everyone in the gambling industry. Not to mention that it has ignited a brainstorm throughout the IT community. In that respect, gambling online using crypto is a dream come true for millions. If you’re not sure why that is, let’s take a look at the greatest advantages of crypto gambling which has enabled its high position and respect.

1. Privacy

So many people couldn’t engage in online gambling due to restrictions imposed in their countries or simply because old-fashioned online casinos were nowhere near respecting users’ privacy. Anyone who wanted to play had to disclose all their private and financial information.

Then came crypto, with completely opposite requirements.
No banks are involved in the process, no credit cards are needed, no personal data is required from users.

If someone wishes to play at crypto casinos, their nationality, status, bank account(s), residence, and other private information are completely irrelevant.
All they have to do is to have a crypto wallet created and digital money on it.

For those who are new to crypto, we have explained in our previous article how fast and simple this process is.

Users have digital IDs, they transfer their funds using the apps and there is no third party involved. Everything is performed between the users and the casinos only.

What advantages for the gamblers are initiated this way?

• anonymous gambling
• no banks or third party involved
• no restrictions typical for traditional online casinos
• no private information requirement

2. Fast, secure, and easy to perform transactions

Crypto can be purchased via exchange apps or directly from other people, and is available to anyone.

Users have to store their funds in crypto wallets which are also created by the apps. The simplicity and high tech security of the procedure is a great advantage to users. All transactions are made through crypto wallets, which gives users a safe environment and everything is performed in a matter of seconds.

So, who wouldn’t wish for the possibility to get their funds transferred safely and quickly? Each time a user wants to collect their winnings, withdrawals are performed in the same manner. Few steps are needed.

3. Playing safely

When visiting online gambling sites, players get all necessary information on how to play safely. It’s always advised to play at reputable crypto casinos, and it’s easy to make a right choice thanks to websites which analyze and present the list of high ranked casinos. The list is based on thousands of reviews and is very detailed and reliable. The users’ satisfaction and confidence in fairness and safe playing is undoubtedly one of the most important things in online gambling.

Once the players realize that it’s simple to check the outcome thanks to algorithms and encryptions they become confident and carefree. Trust in casinos formed through positive experiences provide the most valuable recommendations and is important for both players and casinos. There’s many information on programs and the technology used for safe online gambling and we’ll explain it thoroughly in one of the next articles.

4. Wide gambling possibilities

Crypto gambling is possible from anywhere in the world, you just need an internet connection and your computer or smartphone/tablet. Players are not limited to rules and restrictions which exist in traditional online casinos. Using the technology which defines and facilitates crypto transactions, crypto casinos have achieved what matters the most. They have set up an incredible high tech environment and have made possible that anyone can participate in the game, no matter where they are located.

Highlights

Crypto gambling has attracted thousands of gamblers who were restricted and didn’t have a choice.
The complete nature of gambling is transformed and revolutionized.
The gambling industry catches up with all the important innovations which guarantee upgrades in every part of the game.

If the casino uses blockchain technology and provably fair concept, it defeats the competitors easily. Actually all the advantages stay on crypto casinos’ side.

Our advice: if you are looking for reliability, safety, privacy in gambling, fast and secure transactions and the entire experience on the highest level possible, join a crypto casino.

Staying safe while crypto gambling

Since the creation of digital currencies, some people have been sceptic and haven’t put their trust in “virtual money”, while others have seized the opportunity and have earned a fortune. It is understandable that everything revolutionary and new in technology, especially regarding finances and investments demands thorough analysis and basic knowledge. After so many successful years, digital currency proved its significance and multi-purpose usage. We may say without a doubt that the crypto world now is an extremely powerful field with so many opportunities, possibilities and advantages.

1. Create a credible crypto wallet

Creating a credible wallet is the first step for all basic activities regarding transactions, and choosing the right one is very important. Most users prefer Coinbase or Binance, which are reliable and have positioned themselves as highly secure. It’s useful to study the information by yourself and learn how to recognize what the best option for you is. Engaging in crypto transactions is a process based on the latest technology, encryptions and algorithms and using a crypto wallet app with maximum protection is very important.

2. Check for high ranking casinos

It’s in great interest that casinos get the best reviews and receive a ranking based on factors which guarantee credibility, safety and great customer service. If everyone involved wants to be happy, trust and credibility are the most important things. Creating a list of high ranking casinos, we give you priceless information, explaining to you every step in the process and giving you a full description of the rules, requirements and options available. Our recommendation depends on testing and analyzing the best crypto casinos and it’s always a great source for finding the most trusted gambling sites.

What interests users the most are the criteria for concluding that a casino is safe. They use a method to encrypt users’ data into codes. Having codes is your guarantee for safety in performing all the activities online.

3. Use a safe web browser

A safe web browser is one which restricts a third-party from collecting your private information. In general it prevents unauthorized programs and activities, which may compromise your safety. Everyone tends to protect their data and limit browsers’ access to sensitive information. Tools like cookies are often used to misuse your data. They are made to intrude your privacy all in the name of “a better online experience”.

Secure browsers warn the users of malicious websites, and halt the cookies and pop-ups. In that respect, it’s strongly advised to use a browser which takes extra measures to prevent private data harvesting, and avoids security breaches. It’s important whenever you log in to a gambling site, whether it’s from your computer, phone or tablet.

In order to avoid different websites from getting hold of your password and username, we recommend that you check whether you have enabled cookies.
Finally, never allow your browser to save your passwords.

4. A password is your safeguard, make it complex

No matter what, never save your password on your phone, and make sure you don’t use phrases or specific dates and names which are significant to you or your family. A strong password is considered one with at least 12 characters, with a combination of lower and upper case letters, special cases and numbers. Also a good way for protection is two-factor authentication. It requires two steps and usually the second step is a one-time verification code, valid for a short period of time.

5. Play on a safe device

Whenever we use our computers or phones, we must be certain that we do it in the safest way possible. Especially when financial transactions and confidential information are involved. We’re sure you’re already aware of the significance of having reliable devices, considering the fact that hackers use advanced methods to rob the unprotected. With that in mind, play only on reliable and protected devices.

6. Beware of scams

It’s not rare that phishing sites try to steal everything they can. They might use false notifications or e-mails, demanding your personal information. You must know, that real casinos would never ask you to disclose your login credentials via message or e-mail. Since the hackers may act as customer support and usually clone the original website, you should pay attention to anything unusual, especially to demands which threaten your most confidential data. If you come across these scammers, contact the casino and report fraudulent activities.

7. Extra protection with VPN software

For complete online safety, many users opt for a VPN (virtual private network) service. It is a software which hides users’ online identity by masking their devices’ IP addresses. VPN enables protection by encrypting users’ data and routing it through secure networks to servers they are dealing with. Our recommendation is to invest in a VPN which will significantly improve all aspects of your online gambling.

Most popular cryptocurrencies at gambling sites

In online gambling players choose crypto casinos by searching for the best ranked ones. When analyzing the reasons for the popularity and high position of a casino we must emphasize the payment methods. It is important for customers to determine whether cryptocurrencies are accepted, which ones casinos offer and other details regarding safety, privacy and withdrawal options.

As crypto transactions have enabled completely new ways in financial procedures, all the advantages of these procedures are incorporated in casinos. Every cryptocurrency has its pros and cons. In this article we’ll define what the most popular ones are for gambling. The more flexible a casino is with payment options, the more likely it is for the casino to gain the high ranking score.

Bitcoin (BTC)

Since Bitcoin is the first digital currency introduced and implemented in the world, it ranks higher among others, and its value, popularity and trading is by far unmatched.
The main advantages of bitcoin are:

• Decentralized environment: there are no regulations, control, nor interference from a government or central bank. This means total independence from any authority
• Anonymity in transactions: when buying BTC, basic private information is needed. But the cryptography and codes used in every step of the process enable much of the privacy, because of the digital ID which every user gets. Also, anyone can have as many public key addresses as they wish.
• Liquidity and accessibility: thanks to numerous exchanges worldwide providing easy access to trading, BTC is widely accepted and available.
• Blockchain technology, which is the most advanced technology when it comes to security.

Bitcoin Cash (BCH)

Bitcoin Cash was created in order to get more effective scale and accelerate transaction processing time. Because of the high volume of BTC transactions, the confirmation time had extended, which was inconvenient for many users. Bitcoin Cash wanted to shorten the confirmation time, and lower the fees. The improvements that were made, significantly changed the weakest part of BTC transactions, its prolonged time and high fees.
In that respect BCH has accomplished the following:

• the block size was increased to 8MB, which provided much faster and cheaper payments.
  At the moment, the BCH network supports up to 32MB blocks, and is expected to increase upon demand.
• the faster the processing time is, the lower the processing fees are, hence the easier decision

Ethereum (ETH)

Ethereum was quickly implemented at online gambling because of the advantages which are of great importance to players.
Analysts say these are the main factors for Ethereum’s popularity:

• its liquidity, which is positioning Ethereum at the highest places in crypto casinos. There are widely developed exchanges and trading platforms which enable easy transactions with Ethereum.
• when cashing out at casinos, users can convert ETH into cash, Bitcoin, gold or other valuables.

Litecoin (LTC)

Litecoin is a cryptocurrency with many similarities to Bitcoin.
It is popular especially in crypto gambling for the following:

• it’s a decentralized, peer-to-peer currency, without any influence or control of a third-party (a bank or a government). Managing and trading is a matter of supply and demand. Being one of the oldest cryptocurrencies, it has created trust among investors and users, thanks to specific blockchain technology.
• compared to BTC, the Litecoin has improvements in algorithms which were appreciated by many. Especially when it comes to speed of transactions. The average time needed for verification of a transaction is around 2.5 minutes, which is more than 3 times faster than BTC.
• its advanced software is a guarantee for security
• its liquidity.

Dash (DASH)

Dogecoin was accepted and popularized at crypto casinos thanks to its speed and simplicity in transactions.

• the verification time is approximately one minute which is really attractive for online gambling and places Dogecoin on the list of preferred currencies at crypto casinos
• the simplicity of transactions, thanks to advanced technology, which also provide security and privacy.

Ripple (XRP)

When playing with Ripple, players don’t need to make a conversion from other currencies.

• as a result, the transaction speed is excellent.
• Ripple doesn’t calculate fees, which gives this cryptocurrency an important and outstanding role in crypto gambling.

Monero (XMR)

When casinos offer Monero to their customers, it’s mostly because of its specific advantages:

• Monero uses technology which gives the most privacy to users. This is the reason why this cryptocurrency is highly accepted when anonymous gambling is preferred. It’s hardly possible to trace a transaction, so it’s understandable choosing Monero over other currencies.
• other things that make Monero attractive to players are the same ones that put crypto casinos on the high spot in the gambling industry: safety, decentralization and a customer-friendly environment.

Bitcoin & crypto wallets

When we buy and store cryptocurrency it is necessary to operate with a crypto wallet. This digital wallet represents a program or hardware in which crypto is stored, and from which transactions are performed. Technically, cryptocurrencies are bits of data, to which we can gain access using a wallet. Whether we use an app or a device, there are always 2 types of keys, i.e. cryptographic codes: a private key and a public key. A private key is similar to a key to a safe deposit box. A public key is obtained from the private one, and is the second part required for transactions. It’s an address which enables crypto to be sent to the specific wallet.

It’s important to understand that any person who has the private key, controls the assets. Having that in mind, one has to be responsible to protect its data.

In order to start with crypto trading, a couple of basic things must be considered:

• A blockchain is a public ledger, consisting of blocks in which data is stored. It records all the transactions, balances, and keys to the funds. Everything obtained exists on the blockchain and is accessable with confirmation through the private key.
• The private key is proof that a user is the owner of the cryptocurrency, and it’s the first condition for accessing the funds.
• Basically the wallet provides an interface for access and keeps a passkey required for the transactions.
• Transactions are defined by unique cryptographic addresses, created by the wallet, which allows sending and receiving.
• Using an application, sending and receiving crypto, means that we know the receiver’s wallet address, while defining the amount and paying the transaction fee.

There are different types of wallets, with specific features, and all of them provide sending, receiving and storing of the funds.

Software and hardware wallets

Software wallets are programs installed on a computer or a mobile phone, or browser extensions which provide transactions and store digital money. They access the blockchain network via internet connection.
This means that data and its security depend on the security of an individual’s computer and its programs. Also, everything private demands a high level of security. In that respect, many advise investing in hardware wallets, which are devices that have to be plugged into a computer/laptop.

Opposite to software wallets, with hardware wallets many operations are performed offline. By plugging in the hardware wallet, users can complete transactions, without requirements for entering the key. This means that transactions are done automatically.
Because they give a higher level of security, these wallets have become a better choice for users. When users store the key, they can remove it from the device and save it somewhere else.

Custodial wallets

If a third party stores keys for a user, it’s a custodial wallet. There are specialized companies, or crypto exchanges which provide wallets to customers.
When we don’t use a third party, meaning we use an app or a device to enter a wallet, it’s a non-custodial wallet. Preferences depend on one’s needs and trust of the third party.

Typically the terms HOT and COLD wallets are used to emphasize which way connections are performed. Using a hot wallet requires an internet connection, through an app or a device that has a connection. Software wallets are considered HOT wallets, because users’ data are stored online.
COLD wallets don’t have a connection on their own, or a connection to a device with internet access. We usually refer to hardware wallets as cold wallets, specifically because they are not active before plugging them in.
Ledger and Trezor are among the most popular in the crypto world.

Safety measures

• The first advice for all users is to remove the private keys from wallets and place them elsewhere. The keys can be stored in a traditional safe, or in a cold wallet.
• Also, classic measures which include: encryption of the wallet with a unique, strong password, applying two-factor authentication when involved in transactions, and storing offline large amounts of funds.

Highlights

• A cryptocurrency wallet is a program or a device designed for storing cryptocurrencies, through cryptocurrency keys (cryptographic codes) as a base to any crypto transactions.
• In order to sign cryptocurrency transactions, wallets demand a public key (the wallet address) and a private key. The security of the private key is a must, in order to have control of the assets
• The best type of wallet for customers depends on the features and levels of security of each one
• Transactions are simple to perform; First, a holder has to enter the wallet with its own key, and then to retrieve a public key from its wallet, meaning to obtain an address. This is an address to which a senders transfer their cryptocurrency.
• For maximum safety it’s advisable to invest in hardware wallets.

Depositing and withdrawing funds

The first step in crypto trading is creating a crypto wallet. In the previous article we explained which types of wallets exist and how to use each of them. After creating a wallet, you buy the crypto through exchange places, or directly from other users. In order to perform transactions, two keys, or addresses are needed. When users want to deposit at an online casino they need a private key, which demands an address where tokens are sent to. When users receive a payment in crypto, they need a public key, or a receiving address, where the funds have to be transferred.

Depositing

No matter which wallet is used, digital coins are stored in the wallet. Every transaction is made from and to the wallet, and in order to deposit your crypto at the crypto casino of your choice, you need the casino’s wallet address. First, users have to create an account with the casino. As in standard registration, it’s a short and easy process where users have to provide some personal information and an email address. Most casinos give a welcome bonus, when making a first deposit. After you log in, you go to CASHIER or BANKING, and then click the tab to choose the deposit options. The minimum deposit amount will be displayed, if the casino has this policy. The next thing is to transfer the desired amount to the casino’s wallet. You do it via the casino’s public key, displayed as a string, or as a QR code for scanning, if the wallet is an app on your smartphone. After completing all these steps to send the funds to the casino wallet, the whole process will finish in a short period of time.

Withdrawing

Cashing out your winnings also includes wallets and the options of payment methods. You click on CASHIER or BANKING tab, and then WITHDRAW. You’ll be asked to select how you want to receive the winnings, meaning in which currency. After that you have to provide the information regarding your receiving address, which is your public key. In this way, the casino is transferring the funds from their wallet to your private wallet. Usually, you may expect that the funds are available to you within 48 hours.

Provably fair crypto gambling sites

When selecting trusted crypto casinos provably fair gaming is one of the main criteria.
Provably fair systems ensure users are not cheated by the casino nor involved in rigged games. You certainly want to be sure that casinos are playing fair, by giving you random cards or numbers. How will user check provable fairness depends on a technology implemented at a gambling site. There are many ways to create provably fair gambling.

If casino is provably fair by design then its games use blockchain technology. Alternately, with non-blockchain casinos users can analyze and verify randomness by checking the particular round.
With this concept, for example, casinos cannot know or choose the card or number before they are dealt.
It uses cryptography, typical for cryptocurrency, but it’s not necessary to use blockchain in order to get provably fair games. If any interference appears in the game, or an error in the payout, the hash can’t be verified.

When casino provides provably fair games, players can verify fairness of every game thanks to the hash function. This is how it works:

First we’ll explain HASHES.

These are long strings of characters which are derived from other data. Created as a mathematical puzzle, when solved, it gives the data it hashes. Knowing the solution, it can be tested for accuracy.

SEEDS: additional strings of characters applied to the hash modifying what it hashes.

Example for card dealing:

• the casino is shuffling the deck
• the user gets a hash for the shuffle from the casino
• while a card is being dealt, the user chooses a random seed which is unknown or unpredictable to the casino. This can be done manually or a browser could provide it for the users
• the user’s seed changes the card which is unknown to both the casino and the user
• the card is dealt
• after playing a hand, the deck is laid out
• the user can check the authenticity of the deck, which means checking that the hash provided at the start is identical
• then the user checks whether the seed they used to change the cards is the same (that the cards are modified according to the seed that the user provided)

If everything is in accordance, then the game is played in a provably fair manner.
All reputable casinos are motivated to maintain maximum secured game, to provide transparency of the process and ensure that players can enjoy safety gambling.

How to get started at a crypto gambling site?

The crypto world offers fantastic opportunities when it comes to gambling. We already mentioned all the essential information on how this industry operates. Due to numerous advantages of crypto gambling, there are thousands of sites that offer competitive gambling experiences.
Here we’ll inform you on the basic steps needed for playing at crypto casinos.

Buying cryptocurrency

You should choose which cryptocurrency to buy, based on a selection of currencies offered by the crypto casino you wish to play at. Crypto transactions are possible via providers and platforms throughout the internet. For many users Coinbase and Binance are the favorites.

Create a crypto wallet

All cryptocurrencies have to be stored in user crypto wallets. These are digital wallets which enable storing of digital currencies and from which transactions are performed. The whole process is based on using keys, which are cryptographic codes. When gambling at crypto casinos, users have to send deposits to the casino wallets from their private keys. In simple words, a private key from the user and a public key from the receiver are necessary to complete the transactions. Safety measures, such as storing a private key in a deposit box are advisable, in order to maintain the security of one’s assets. In that matter investing in hardware wallets is the smartest way for secured gambling and protection of the assets.

Choose a gambling site

When deciding which casino you want to play at, it’s advisable to explore reviews from reputable sites. In this matter, users can discover all they need to know in one place. Since the safety and discretion are often the main reasons for choosing a casino, counting on other people experiences, advice and technical details and easy to follow instructions are always the best ways to start.

Depositing funds to crypto casino

After creating an account with the casino, you proceed to transfer the funds. Usually, you visit the CASHIER or BANKING tabs and choose the amount you wish to deposit. Transactions require the casino’s wallet, and you perform it through the casino’s public key, which may be a string or a QR code. Everything will be completed in a short amount of time.

Choose a game

Everyone has their own favorite game. At crypto casinos you’ll find the options you’ve been given, regarding the rules of play for each game, the stakes of the game etc.

Withdraw your winnings

You select the CASHIER or Banking tab and then WITHDRAW. Then you select which currency you would like to get your winnings in. The casino will ask for your public key, i.e. your receiving address. Then, the casino will transfer the funds from their wallet to your private wallet. Based on our experience, the winnings will be available to you within a few minutes.