Cryptocurrency on its own can seem like unknown territory and be overwhelming for a first-time user. We’d like to dispel the myths and banish the rumours, so you feel comfortable exchanging your new currency for some entertainment with the best crypto casinos out there! Let’s dive into what exactly crypto is and how your can get your (virtual) hands on some!
Cryptocurrency – What is it?
Simply put, cryptocurrency is a form of currency that exists digitally or virtually and uses cryptography to ensure that transactions are secure and recorded. This means that you could own one or more of the cryptocurrency options out there, by purchasing it using your country’s money at a fluctuating value. At the time of this being published, the 5 most popular cryptocurrency coins worldwide included, Bitcoin, Ethereum, Tether (USDT), US Dollar Coin (USDC), and Binance.
Cryptocurrency – How to Buy
To get your hands on Crypto coins, all you need to do is select a broker or Crypto Exchange – which you can find online or through your mobile device’s App store. Create and verify your account with the necessary identification documents, and make your cash deposit into the App.
In the App you’ll see various coins on offer, make your selection and purchase either a percentage/part of a coin or the entire coin. You’ll now be able to see the value of your purchase in your currency selected and will be able to use your App (or virtual wallet) to make deposits on many e-commerce websites. Your App will act the same way other payment platforms do such as PayPal and Neteller, giving you options to transact.
You can read more about the available crypto payment methods in our Winner’s Guide.
Cryptocurrency & Casinos
With the boom of this new form of payment, some of the best crypto casinos have started opening, so that players in locations where their country’s local currency is not accepted, can now use cryptocurrency to gain access to casinos. This helps both the player and casino to reach each other using crypto in a safe and secure way.
And there you have it, cryptocurrency is like having money that you can’t touch because it’s all stored online through applications and e-wallet-type payment platforms that allow users to make payments at verified crypto businesses, or service providers online. With the option to now use crypto with online casinos, means you have faster withdrawals, and possible access to crypto casinos in your country, where traditional currency casinos don’t operate.