So, you want to play slots with crypto but don’t know where to begin? Luckily, you’ve landed on a resource that’s going to explain how to do so from start to finish.
Crypto has changed the way people gamble forever. There are pros and cons to playing crypto slots, but we’ll consider those in another article. Today, we’re going to show you how to play slots with crypto.
Step One: Buy Your Crypto
If you already have a stash of cryptocurrencies, you can skip this step. If not, you’ll need to set up an account with Coinbase or Binance and buy some cryptocurrency. Make sure that the exchange you choose sells crypto for your national currency.
Some of the best cryptos to play slots with include:
- Tron (TRX)
Obviously, Bitcoin is the most valuable of these. However, almost all of the others offer superior transaction speed. Monero offers total privacy and anonymity, while TRX has its own native casinos.
Decide what crypto you want to play with. You can buy Bitcoin, Litecoin, or Ethereum on Coinbase with USD, GBP, AUD, and other major currencies. All you’ll need is a credit or debit card. For a beginner, Coinbase is the easiest crypto exchange to use.
Step Two: Fund Your Crypto Casino
There are two types of crypto casinos.
(1) There are regular online casinos that accept cryptocurrencies. You’ll usually find that they accept at least three of the cryptocurrencies mentioned above.
(2) There are crypto casino apps. These are often specific to the token. For example, there are lots of casinos on the Tron and Ethereum blockchains.
Log into your chosen crypto slots site and find out your wallet address for the cryptocurrency you’re going to deposit. It’s extremely important that you don’t send your crypto to the wrong address. If you do, you’ll lose it forever. For example, never send Bitcoin to an Ethereum wallet. Also, you’ll want to triple check every digit of the casino wallet address.
Once you have your casino wallet address (copy and paste if possible), navigate to your regular crypto wallet and enter it. For example, log into Coinbase and click “send,” and then enter your casino wallet address along with the amount of crypto you want to move. If it’s your first time gambling with crypto, do a small test transaction first.
Once you’re certain that the wallet address is correct, confirm the transaction and wait. How long will the deposit take? It depends on what cryptocurrency you’re using. Bitcoin can take hours if the network is busy. Tron, Litecoin, and Ethereum are much faster.
Step 3: Play Crypto Slots
Once your deposit lands in your crypto casino account, it’s time to have some fun. You’ll notice that in most cases, your balance appears in two formats; the crypto value and the USD value. This can help you keep track of how much you have won in “real terms.”
Browse the game library and pick any crypto slot you like the look of. When the game loads, you can set your bets limits as usual. Decide how many paylines you want to play, how many coins you want to wager per line, and the coin value.
When you’ve done all that, just hit spin as you normally would. You’ll notice the wins and losses displayed in crypto on the screen. You’ll also be able to view your balance diminishing and growing in real-time as you win and lose.
Final Step: Withdraw What You Win
If you’re lucky enough to win a crypto slots jackpot, you’ll want to withdraw it and cash it out as quickly as possible. Unless you’re a long-term crypto holder, you should be aware that the value of cryptocurrencies fluctuate wildly. Your 10 BTC jackpot could be worth $100,000 one day and worth $70,000 or less a few days later. It could also go the other way, but that’s a gamble.
To withdraw your crypto jackpots, reverse step two above. This time, head to the casino cashier section and enter your wallet address from Coinbase or wherever you plan to store your winnings. Also enter the amount you wish to withdraw and confirm your transaction.
It may take longer to get your winnings than it did to deposit them. Usually, jackpot winnings have to be verified by a casino cashier. At some casinos, this can take up to 48 hours. However, if you play at the best crypto slot sites, they’ll be processed instantly.
The Advantages of Cryptocurrency Slots Apps
So far, we have talked about how to make deposits and withdrawals at regular crypto casinos. However, we also mentioned that there are crypto casino apps. These casinos only accept cryptocurrencies, and they are usually token-specific. That means they only accept one crypto.
Tron has the best casino apps by a long way. However, you’ll also find Bitcoin slots apps, and Ethereum has a solid casino selection, too.
The biggest advantage of these is that you never make deposits and withdrawals to them directly. Instead, you connect your crypto wallet to these apps, and you play on your phone or tablet. Every bet is settled instantly. That means if you lose, your wallet is debited, and if you win, your wallet is credit. This eliminates long withdrawal times.
Another major advantage is that these Bitcoin slots apps are provably fair. Since every transaction is logged forever on the blockchain the casino runs on, cheating is impossible. You’ll be able to check that every bet is truly random and that it has been settled there and then.
Crypto slots apps are decentralized. There is no central casino that holds the money and processes transactions. Everything runs on the crypto network you’re playing on. Transactions are instant, and they are also totally safe and secure.
It’s worth downloading and trying some of these cryptocurrency casinos. These are the casinos of the future, so you might as well get a head start and get used to them now.
Frequently Asked Questions
Q. Are there any disadvantages of playing slots with crypto?
There are two. Cryptocurrency prices are unstable and can both gain and lose value very quickly. You can’t leave your crypto lying around unless you’re prepared to watch it drop in value. The other is that playing crypto slot machines involves a steep learning curve for many people.
Q. What’s the best crypto slots site?
We recommend visiting all of the casinos listed on this site. Pick the one that suits your needs best. There’s no such thing as the best crypto casino for everyone.
Q. Do crypto casinos offer welcome bonuses?
Plenty of them offer generous welcome bonuses as well as reload bonuses and free spins. Crypto slots bonuses are often bigger than the ones you’ll find on regular casino sites.
Q. Do I have to download crypto casinos?
Not always. Many of them work in the same way as normal online casinos. You can log in, make a deposit, play, and withdraw without downloading an app unless you want to.
Q. Do I have to pay taxes on crypto jackpots?
That will depend on where you’re playing. If you win a large amount of money, it’s always best to take professional advice on that. If they caught Al Capone for tax evasion, they will catch you.