How to Buy Crypto at Online Casino Sites?
As many understand by now, cryptocurrency is not just a fad – it is here to stay. In light of that, many people started using crypto to finance their day-to-day activities, including entertainment and gambling. In response to that, online casinos adjusted and started offering crypto options like BTC, ETH, and LTC for deposits and withdrawals.
Casinos are known to be able to adjust easily to attract more players. As soon as the need for it arose, they adjusted to save their valued customers time and started offering crypto exchange directly on the casino sites. This is done through third-party exchanges that allow crypto purchases using fiat currency directly on the site. In our guide below, we’ll go over all the steps needed so that all novice crypto players will know how to buy crypto at online casino sites safely and securely.
What are Third-Party Exchanges
Before we go into our guide on how to buy crypto at any casino site, we deem it important to explain how the service works. Unlike traditional crypto casino payments that require players to have a set-up wallet and transfer funds to the casino, third-party exchanges are services integrated into a casino, allowing players to purchase cryptocurrency on the site using their credit/debit cards or bank wire transfers.
Using third-party exchanges, players can play at their favourite crypto casino, and if they want to top up their account, they can do so without even leaving the casino site. These exchanges bypass the use of traditional crypto exchanges and are considerably more convenient – especially for casino players who enjoy live betting where every second of your time counts.
Third-Party Exchange Options
Modern online casinos allow the use of several exchange options. We’ll highlight the most popular and most widely used:
- MoonPay
- Simplex
- Banxa
- Wyre
These services are an excellent way for players who are new to crypto because they are very intuitive and beginner-friendly. Additionally, these platforms ensure security and speed, making the whole experience smooth and completely safe.
Step-by-Step Guide to Buying Crypto at an Online Casino
After you’ve done your research and found a casino that allows you to buy cryptocurrency on-site from some of the renowned third-party services, you need to log in at the casino. If you’re not a member yet, you’ll need to create your account using the general guidelines. Make sure to review the terms and conditions carefully. The next steps are as follows:
- Go to the banking section of the casino or your wallet. Here, you will find various options for managing your banking.
- Choose the “Buy Crypto” on the site. If a casino offers only one crypto, this option can be renamed into “Buy BTC/ETH” or something similar.
- Choose a third-party service provider. Some online casinos will have more than one service provider, so make sure to choose one that pairs your needs and offers the crypto you wish to play with.
- Enter the fiat payment details. This process is very similar to making a deposit at a casino. You will need to enter your credit card or bank transfer details and other relevant info that the casino requires.
- Select the cryptocurrency you want to buy. Some casinos will offer a longer list, including Bitcoin, Ethereum, Tether, etc, while some will only have one option if they are a one-crypto exclusive casino. This trend is slowly diminishing, though.
- Confirm the transaction. After clicking Confirm, follow the next steps. Sometimes, you will need to approve and verify the transaction using your banking app.
When you finish all these steps, you have your desired cryptocurrency and can play your favourite games at the chosen online casino. You can play slots, blackjack, roulette, poker, and other crypto-friendly games, like Aviator or Aviatrix.
Which Cryptos Can You Buy at Online Casinos
According to different statistics, over 10,000 cryptocurrencies are currently live. There are so many digital coins on the market because any individual who knows how to write a program on a blockchain can technically create a cryptocurrency. However, not all of these are available at casinos. Most crypto online casino sites will offer a list of the most popular cryptos, such as:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Tether (USDT)
- Ripple (XRP)
- Bitcoin Cash
- Binance Coin
- Cardano (ADA)
- Stellar (XLM)
All these are valid options and available at many casinos, especially the top part of the list.
How to Choose a Crypto Casino
Online sites offering the “buy crypto” casino option are very similar to traditional fiat-currency casinos. However, you must check several factors before you pick the site. We’ll help you with this by sharing the factors we deem relevant when reviewing and selecting online casinos for you:
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Reputation
Although the number of crypto casinos is smaller than the number of standard online gambling sites, these platforms are booming. It is important to choose a site with good reviews that is fair and transparent in its operation.
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Available currencies
The more cryptos the casino accepts, the better. This gives you the freedom to choose the coin you prefer most.
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Games
Depending on your gambling style, check if the site offers the games you like.
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Bonuses
To get your money’s worth, make sure to find a casino that offers an ample selection of crypto bonuses. These can be either welcome bonuses, reload bonuses, VIP programs and so forth.
Why Is Buying Crypto Directly at Casinos Better?
Although getting a crypto wallet is a viable option, it might not be the easiest and most convenient for some players. Removing a few steps can be helpful, especially for limited-time bonus offers that match your first deposit. Also, buying directly at the casino means you can start playing immediately without waiting for blockchain confirmations.
Another argument supporting this is the fact that the crypto values are volatile. Instead of owning a wallet and monitoring the markets carefully, players can buy as much crypto as they need without the additional financial responsibility.
After all, wallets require users to manage private keys and recovery phrases and understand the process of sending and receiving crypto, which can be overwhelming for players just starting to use cryptocurrency.
Lastly, we should mention that the increased convenience and speed don’t negatively affect safety. Most third-party exchanges at reputable online casinos have integrated built-in fraud protection, making them an extremely safe choice for players.
Bonnie Gjurovska
Crypto Expert
Bonnie Gjurovska has been a gambling enthusiast since 2017. Her crypto journey began in 2019 when she first read a Twitter post. She then purchased Verge and Bitcoin as her first cryptos and developed a deep interest in blockchain, DeFi, NFTs, altcoins and protocols, scouring forums and communities for sharing knowledge. She is a strong believer in decentralization and digital economy, which stems naturally from her legal educational background.