By Mitch Rice
Everybody nowadays has jumped onto the cryptocurrency wagon. It’s the best thing since sliced bread in the online gambling industry. Online gambling operators are accepting crypto as a means for customers to fund their online casino accounts. These online gambling sites also give customers very lucrative bonuses when they fund their accounts with crypto.
So how do you get in with the action and start earning some of those crypto bonuses for yourself? We’ll give you some pointers to start you off on your crypto journey. Shall we begin?
Understand Everything About Crypto
Before starting with anything, you must first understand what cryptocurrencies are, where they come from, know the risks, and how to buy and sell them. We’re going to briefly discuss these factors to get you up to speed:
Where Do Cryptocurrencies Come From
Crypto comes from a process named mining. Think a bit more out of the box. It’s not the physical process like you’re mining for coal. Mining is a decentralized process that takes place in the digital sphere. Individuals use highly sophisticated hardware to solve very complex mathematical equations. These individuals are then rewarded in coins once they resolve these equations. Miners then circulate these coins on the blockchain network.
Know the Risks
Crypto is highly volatile. Prices can surge or plummet in a single day. This volatility is significantly due to supply and demand. When the price drops, it means that the demand is low, and there are too many unwanted coins floating around in the blockchain network. However, if you’re willing to put some money into crypto, it’s good to know that analysts predict the price of some cryptocurrencies to surge in 2022 as demand will increase.
How to Buy and Sell Crypto
You can purchase crypto through any crypto exchange platform. The most popular are Coinbase, Gemini, and Kraken. Once you register with an exchange, you’ll be given a crypto wallet which you can fund with your bank card. From this crypto wallet, you’ll be funding your online casino account, buying worldly goods, you’ll be able to sell your crypto, and you’ll be able to play live roulette online at an online crypto casino.
Register With an Online Crypto Gambling Site
Once you’ve filled up your crypto wallet, you can start looking for online crypto gambling sites. Don’t just settle for any site. Don’t get tricked even if a site has the best crypto welcome bonuses with all the bells and whistles. Here are some factors a site must-have. These factors are non-negotiable to ensure that you have a trouble-free online gambling experience.
Security and Licence
The site must have a valid operating licence from a reputable gambling authority or commission.
Bonuses and Promotions
Go over the site’s bonuses and promotions section. Scrutinize the wagering requirements of each bonus carefully. Verify the wagering requirements are fair and non-exploitative.
Check the game selection and see if the site has all the games you like to play. If you’re an online gambler that likes playing slots, check how extensive the slots library is. If you enjoy live casino games, you can check if the site has a live casino lobby.
Verify if the site has an FAQ section and see if it’s thorough. Check when the customer support team is available. Ideally, they should be available 24/7 on at least two contactable methods like live chat and email. If the site offers phone support, it’s even better.
If you intend to expand your crypto wallet with more cryptocurrencies, it may be good to check how many cryptos the site caters for. Also, it’s imperative to check the site’s deposit and withdrawal limits and withdrawal times. If you’re a high roller, you may want higher withdrawal limits.
Keep an Eye on the Value of Crypto
You need to keep an eagle’s eye view on your crypto investments in the near future. Due to the volatility of the cryptocurrency market, you can lose a lot of money if you don’t keep your eyes on the ball. Be sure to read analytics and financial news reports daily to keep on top of your investments.
Also, be sure to check on your local news and laws regularly. Some countries have started to regulate Bitcoin, and some have outrightly banned it. It’ll protect you in the long run.
We trust that you have enough information to start your crypto journey. Once you have your crypto wallet, you can start enjoying all the perks at online crypto casinos. Happy investing and playing!
Data and information are provided for informational purposes only, and are not intended for investment or other purposes.