Cryptocurrencies are truly changing everything we do online, including the way we pay for goods and services. Many industries have started to accept cryptocurrency as a form of payment, with one of the most prominent ones being the online casino industry.
And now, there are over 25,000 cryptocurrencies in the market, each with its own unique features and benefits. One of these is CoinsPaid, and in this guide, we will introduce you to CoinsPaid and its safety and explain why using CoinsPaid in online casinos is a smart choice.
What is CoinsPaid?
CoinsPaid, which has its parent company base, Dream Finance OU, established in Estonia, was launched in 2014 in Tallinn, Estonia, and has developed into a full-fledged „crypto-financial ecosystem.” The core purpose of this platform is to link cryptocurrency solutions with existing economies. The company also provides a secure exchange wallet that holds Bitcoin as well as other coins, supporting a range of tools for users’ activities. In its continuous efforts to be active within the blockchain ecosystem, CoinsPaid has also introduced a payment gateway, a hot wallet for the business, and a trading platform that incorporates an OTC desk.
As it highlights efficiency and a perfect balance of costs and integrated services for clients, the company’s core area is online business, including the specific area of online gaming. Through its cooperation with SoftSwiss, one of the reputable European iGaming Solutions providers, CoinsPaid has developed a dedicated crypto payment solution or payment gateway for online casinos, which has changed aspects. It facilitates business operations with customers and transactions and offers transactions supporting several cryptocurrencies, including Bitcoin, Ethereum, and Cardano, among others.
As a payment processor, CoinsPaid enables casinos to accept and manage cryptocurrency payments with ease. Online casinos accepting CoinsPaid can offer their players a secure and efficient way to make transactions, amplifying the user experience. Not only does CoinsPaid work as a reliable Bitcoin or Ethereum payment processor, but it also opens up opportunities for other businesses to enter the realm of digital currency transactions.
Using CoinsPaid in Online Casinos
CoinsPaid casinos truly offer a hassle-free experience when it comes to transaction fees, timeframes, and limits, making them a top choice for crypto enthusiasts.
Most notably, the best CoinsPaid casinos don’t levy any fees on deposits or withdrawals. This means your funds go directly where you want them without pesky charges nibbling away at your balance. For businesses, however, there is a small processing fee below 1%, which is quite competitive, especially in the domain of digital transactions.
As for the speed of transactions, players can expect CoinsPaid payments to be processed instantly, although slight delays might occur if the casino itself imposes a pending period or if your account verification isn’t complete.
Deposit and withdrawal limits vary across different casinos. At some, the minimum deposit can start at 0.0001 BTC, while at other casinos, we’ve seen it go as high as 0.0003 BTC. Since CoinsPaid is an intermediary, these limits are ultimately set by the online casinos themselves.
Are CoinsPaid Casinos Safe?
As always, when you gamble online, your safety is always the top priority! Let’s talk about why CoinsPaid might be the best choice for you.
First off, CoinsPaid operates as both a payment gateway and a crypto wallet. Imagine this: you’re sitting at your computer, ready for an intense round of slots, and you want to deposit funds securely. With CoinsPaid, you can make swift deposits without handing over your personal information, thanks to QR codes that protect your privacy.
How reassuring is that? Plus, you’ve got the added layer of 2-factor authentication.
In a 2020 Medium post, CoinsPaid revealed that their security setup—audited by Kaspersky Labs, with no vulnerabilities detected—sets a high standard in the industry.
Its hot wallet system uses the latest encryption algorithms, making it a reliable and secure option for businesses looking to accept cryptocurrency payments.
Why Use CoinsPaid in Online Casinos?
CoinsPaid has partnered with many leading crypto casinos, ensuring players enjoy a fast, reliable, and secure payment process for deposits and withdrawals. What are all the benefits of using CoinsPaid in online casinos?
- Simplicity: When you use CoinsPaid as a casino payment method, you’re choosing an intuitive service that simplifies your gaming experience. No need to stress over complex transactions—everything is straightforward for you!
- Minimal Fees: By using CoinsPaid in online casinos, you save significantly on fees. This means more of your stake contributes directly to your gaming joy—fewer deductions, more play!
- More Bonuses: Many CoinsPaid casinos offer extra generous bonuses when you deposit with crypto. That’s more gaming value simply because you’re savvy enough to use CoinsPaid!
- Enhanced Security: With CoinsPaid, your transactions are secured with blockchain technology. So, you can enjoy games knowing your funds and information are protected against fraud.
- Global Gaming Community: CoinsPaid casinos let you become part of a worldwide player base without worrying about exchange rates or international protocols. It’s a global adventure!
- Speedy Access: CoinsPaid helps you enjoy faster transaction times. Your deposits and withdrawals are quicker, offering you immediate access to your winnings and gameplay!
How to Use CoinsPaid in Online Casinos?
To start playing at online casinos that accept the CoinsPaid payment method, you first need to set up your CoinsPaid account. Here’s how:
- Create your CoinsPaid account: Visit their site, click “Sign Up,” and choose a personal account type. You’re in!
- Download the app: Grab the CoinsPaid wallet app from the App Store or Google Play to make managing easy.
- Verify you’re human: Complete the security check by selecting options to confirm you aren’t a robot.
- Enter your details: Select your country, provide your email and strong password, and agree to their terms.
- Enhance security: Complete 2-step verification using Google Authenticator for extra protection. It’s simple and effective!
- Fund your account: Add funds or trade cryptocurrencies to get ready for CoinsPaid-supported online casino fun!
- Find your casino: Choose an online casino that accepts CoinsPaid as a payment method and register with them.
- Launch the deposit page: Log into your chosen CoinsPaid casino and head to their cashier or banking section.
- Choose CoinsPaid: Look for the option to add funds through CoinsPaid, select it, and click on “Deposit.”
- Scan QR code or copy address: Open your CoinsPaid wallet app, scan the QR code displayed by the casino (or enter the address provided), specify how much you want to deposit, and confirm.
- Wait for confirmation: After submitting the transaction, wait for confirmation from both the casino and CoinsPaid servers before beginning your game.
- Enjoy your games! Once you get the green light, start playing and betting to your heart’s content!
So, Should You Be Using CoinsPaid in Online Casinos?
In the end, the decision to use CoinsPaid in online casinos is ultimately up to you. However, with its simplicity, security, and benefits like minimal fees and speedy transactions, it’s certainly worth considering.
Plus, with a growing number of crypto casinos accepting CoinsPaid as a payment method, it’s becoming an increasingly popular choice among players.
So why not give it a try and see for yourself how CoinsPaid can make your online gambling easier?
