Crypto Casino payment methods
The main crypto casino payment method is obviously...yup, you guessed it right - cryptocurrencies!
The most commonly accepted cryptocurrencies are Bitcoin, Ethereum, Litecoin, Stellar, Dogecoin, Tether, Bitcoin Cash, Dash, Ripple, Binance Coin.
These are obviously not the only crypto payment methods - some crypto casinos might actually easily offer 20 - 50 different crypto payment options.
Although cryptocurrencies is what crypto casinos are all about, that might not be their only payment option.
Other payment options offered by crypto casinos can include:
- Credit & Debit Cards
- Skrill
- Neteller
- Google Pay
- Apple Pay
- Jeton
- Payz
- ...and many others
Making payments in crypto casinos
Whether you want to make a deposit in a crypto casino or you want to withdraw money from a crypto casinos, what should you know about making payments?
First of all, if you have chosen crypto casino for its crypto payment method, then in most cases you don't care about any other payment options, so I won't talk about them.
But how would you make a payment in crypto casino using cryptocurrencies?
Prerequisites
- You need have a crypto wallet or account in a crypto exchange
- You need to have cryptocurrencies in there that you can use for the payment
Step by step guide of making crypto deposits in a casino
The exact steps can obviously vary, but here's sort of the default version.
- Create an account in a crypto casino and log in
- Choose amount you want to deposit
- Choose the cryptocurrency you want to deposit
- Crypto casino will now give you the address to deposit to
- You copy that address to the crypto withdrawal page in your crypto wallet or exchange account.
- You make the payment to that address
- Normally you also need to confirm the payment using your email, google authenticator, or your mobile. That depends on the requirements of your wallet.
- And now you just wait for the funds to arrive on your casino account
Step by step guide of making a crypto casino withdrawal
Crypto casino withdrawals work exactly the same way, just sort of the opposite.
- Go to crypto casino withdrawal page
- Choose amount & cryptocurrency
- Go to your crypto exchange or wallet and copy the deposit address for that cryptocurrency
- Paste that address to crypto casino withdrawal page
- Confirm the payout & wait
- The money will be sent normally within minutes or within couple of days, depending on the casino
Things to pay attention to when making crypto payments in casinos
Now, while in general, making deposits & withdrawals in crypto casinos is simple enough, there are several things you should keep in mind when making both deposits & withdrawals.
- Choose the right cryptocurrency. While Bitcoin might be the most popular cryptocurrency in the world, it might not be the best for making small deposits & withdrawals. Simply because the transaction fees might be quite high. In the past I have myself made a $60 Bitcoin withdrawal from a crypto casino, only to pay $30 for transaction fees. Transaction fees tend to be way lower for altcoins like Litecoin, Stellar, Tether, etc.
- Pay attention to network. When crypto casino gives you the deposit address, they should also tell you the correct network for that address. That same network needs to be chosen in your crypto wallet when making the deposit or withdrawal. Sending money to the wrong network can result in loss of funds.
- Pay attention to memo. Transactions for some cryptocurrencies can require also MEMO. So make sure to fill in that field as well if it's required.
- Pay attention to minimums & maximums. Casinos have normally different limits, different minimum deposits and withdrawals for different cryptocurrencies.
- Pay attention to available cryptos. Not necessarily all casinos, but often you need to withdraw money the same way you made the deposit. So if you have only made deposits using Ethereum, you can withdraw money only to your Ethereum address as well.
