Crypto gambling is here to stay! There’s no doubt that gambling and crypto have created strong ties in the last couple years. This, thanks to the technology behind it that allows anonymous, safe, fast, and global transactions. For all those who are new to this, here’s everything you should know!
Crypto gambling exploits the technology behind cryptocurrencies. In other words, the blockchain. This allows casinos and betting places to use cryptocurrencies such as BTC or ETH and take the most of attributes such as speed, safety, affordability, global access, transparency, etc.
First crypto gambling steps
Go for reputation
Select a reputable platform before engaging with it. Looks for reviews, licensing, and game repertoire.
Select a Wallet for your cryptos
In order to store cryptos you need a wallet. There are different types, including software, hardware, and paper wallets. The first ones are the easiest to set up.
Buy your favorite crypto
Using a renowned crypto exchange such as Binance or Coinbase you can buy the cryptocurrency of your preference. Take a look at the fees involved and the reputation of the coin.
Fund your gambling account
Get the crypto address of your gambling platform and send your funds. This step usually takes only a few seconds.
Start playing
Go to the gambling platform of your choice and have fun interacting with its game catalog. Most reputable platforms have alliances with renowned game providers and offer a vast variety of games.
Final recommendations
Ensure going for platforms with strong security protocols such as double-factor authenticator, or SSL encryption. Use safe wallets and always be on the lookout for potential scams.
Similarly, keep in mind gambling is an activity that naturally carries with it some risks. And in the case of crypto gambling, there’s an extra layer of risk related to the volatility of the crypto market. Play safe, and make sure you always bet on the money you’re ok with losing.Happy gambling!
