How To Gamble With Crypto

If you use crypto, you’re likely aware of many ways to leverage it. Crypto can be traded for profit, used to buy goods and services, used as a store of value, and so on. Did you know, however, that cryptocurrency can be gambled with? Humans have been betting for centuries, and up until now, fiat currency was the only form of money you could use.

However, as cryptocurrency has become more prominent, many avenues exist to gamble with it. Here are the steps to take if you’d like to get in on the crypto gambling action.

Find A Casino

Naturally, you’ll first need to find a casino that accepts cryptocurrency for its services. While they were a novel concept several years ago, they are much more common now. The best way to go about this is to look up guides. Guides will not only list casinos like Stake that accept cryptocurrency but will also give an in-depth review of each casino, highlighting their strengths and flaws. 

Ideally, you want to choose a casino that offers the games that you want. Some casinos offer only slots, some have every gambling game you can imagine, and some have all sorts of themes. You also want to choose a casino that accepts the specific token you want to use. If you aim to gamble with dogecoin, for example, you should choose a casino that already accepts dogecoin.

Register

After you choose a casino to gamble with, you’ll need to register your account on it. The level of information you need to provide depends on the specific casino. Some crypto casinos require the same level of information as traditional ones, including your government ID, your name, your address, and so on. Other cryptocurrency casinos are more privacy-centric, meaning you only need to connect your crypto wallet to the sites to begin playing. If you’re someone who’s looking to protect your privacy as you play, you might want to choose one of these.

Claim Bonuses

One of the benefits of gambling with cryptocurrency is that many new crypto sites offer all manner of bonuses to new and existing customers. These include match deposits, free spins, VIP programs, and so on. Claiming a welcome bonus means that your first foray into the sites can be much more profitable, and your money can go much further. Ideally, you would have chosen a casino with a healthy bonus selection, and you should make sure you claim these.

 Play

 Go ahead and play your favorite casino games, and hopefully, you just might win.

Initiate a Withdrawal

If you are lucky enough to win whatever game you play, your next step will be to withdraw your funds. Crypto casinos offer different ways to claim funds, as some will let you withdraw tokens directly into a crypto wallet, while others give the option of conversion to fiat currency. Depending on your preference, initiate a withdrawal through your payment method and confirm that it is received. As you use cryptocurrency to gamble, always take advantage of customer service channels. If anything is unclear to you, whether that’s about registration, payment, or anything else in between, make sure to reach out and ask. If your payment is delayed for any reason, make sure to inform the casino. As you use your crypto wallet to receive and send funds to the casino, make sure you practice good wallet safety, including having a strong password and recovery phrase and avoiding dodgy links online that could be phishing schemes.