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Beginner’s Guide for Cryptocurrency Gambling

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2021-07-06

Eddy Cheung

The iGaming industry has always been quick to embrace recent technologies. Today, the industry is awash with innovations like mobile casinos, VR casinos, live casinos, and cryptocurrency casinos. But of course, even the most experienced players will need some help to get started with cryptocurrency gambling. So, before you begin playing the best mobile casino games with digital coins, read on to learn a few tips to improve your crypto gambling experience.

Beginner’s Guide for Cryptocurrency Gambling

How cryptocurrency casinos work

Contrary to beliefs, getting started with cryptocurrency gambling isn’t that complicated. Typically, you should set up an account in minutes and start enjoying your favorite mobile casino games. And if you encounter any issues, the best mobile casinos offer 24/7 support. Below is how to get started:

Step 1. First of all, you should create a cryptocurrency wallet and purchase some digital coins. You can do that using a credit card or e-wallets like PayPal. And yes, Bitcoin (BTC) is a good option.

Step 2. Next, select a mobile casino that supports crypto gambling. The casino you choose should support at least two or three digital coins.

Step 3. After creating a casino account successfully, deposit crypto to begin gambling. Usually, the transaction is instant.

Step 4. Choose a casino game to play and enjoy yourself. If you’re lucky to win something, go to the cashier section and ask for a payout.

Things to know about mobile cryptocurrency gambling

Apart from learning how to place your first crypto bet, there are a few other things to remember before you start playing.

Currently, there are many digital coins out there. But while having a lot of options is a good thing, this can make choosing the right currency somewhat confusing. Therefore, stick to the most renowned options such as Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, and Ethereum. These coins are usually accepted on any gambling site, and they offer better investment security.

Check your country’s regulations

As you may already know, cryptocurrencies are universally accepted. However, some jurisdictions outlaw this banking method. While governments and authorities can’t prevent cryptocurrency ownership, they can block all investment channels in their jurisdiction. So, be a step ahead by learning a few things about the local laws.

Crypto payments are irreversible

Surprisingly, you can’t reverse a crypto payment once you complete the transaction. Why? No one oversees crypto transactions. In other words, there is no PayPal staff here to correct a transaction mistake. Therefore, ensure you double-check the address carefully before confirming the transaction. Any wrong Bitcoin move can cost you $36,000 at the time of writing this article. Now that’s a lot of money.

Be on the lookout for offers

Most mobile casinos love it when players use digital coins to play. That’s because the operator doesn’t face substantial transaction costs like they would with traditional currencies. As such, these casinos offer bonuses such as cashback, free spins, matchups, and other promotions. So, keep your ears wide open for a free lunch.

Casino security

Finally, only use cryptocurrencies on regulated mobile casinos. Ensure that the gambling app holds a valid operational license from your local government or watchdog. If it’s an offshore casino, it should be licensed by bodies like the UKGC, Kahnawake Gaming Commission, MGC, and the Government of Gibraltar. In short, licensing should be your irreducible minimum before joining any real money gambling app.

Conclusion

You see, all stories you hear about cryptocurrency gambling scams are merely hot air. Just use a reputable wallet to store your coins and play on a regulated mobile casino. Doing this will ensure your gambling sessions are as smooth as butter. Remember, your online casino safety begins with you.

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AUTHOREddy Cheung

I remember the first time I saw Kai Tak, Hong Kong's gambling city, I thought I was in a fairy tale. All the lights blinking, the music and the monumental buildings, what 9-year-old wouldn’t think they’ve come to a magical place? It was my father who brought me, dragging me along and when inside I was hit by the smell of frying duck. As soon as I hit 21 I returned to Kai Tak, A bit nervous to see if my mind had embellished the memory, but it hadn’t. Kai Tak was still a magical place. I decided I wanted to spend as much time as I could at this place, so I did. For the next coming years I lived and breathed Kai Tak. Now I am married with kids, and they have become a part of my life too. That’s why I started exploring online casinos to create a better work-life balance and I couldn’t be happier!

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