The First Steps To Gambling with Crypto

The First Steps To Gambling with Crypto

Crypto has offered us many ways of winning digital assets, and this is probably why many of us adjusted our investment plans. With a new industry in town, things changed. Now, you can buy things with crypto instead of fiat. This is a significant change, if not even an update.

But how do you earn crypto? Of course, there is always the possibility of buying crypto with fiat, but are there other ways to get more such digital assets?

Well, another option would be to trade crypto. There are many types of crypto trading, and most specialized platforms are developed for both beginner traders and experienced crypto users. But there is also crypto gambling, an activity that not only does offer you great rewards but is also pretty fun to conduct.

Thus, let’s talk about crypto gambling and how you can start earning crypto this way.

What Is Crypto Gambling?

Crypto gambling is pretty similar to traditional online gambling. Basically, users who aim to gamble with crypto are required to go on specialized websites called crypto (or Bitcoin) casinos.

About Crypto Casinos

Crypto casinos are online platforms that offer users the opportunity to gamble online with cryptocurrencies. Crypto casinos are pretty popular thanks to their high levels of transparency, safety, and security. These are some of the most important features users are looking for, and when they find platforms that provide them, it is highly possible that they will consider using those platforms.

And while experienced crypto gamblers have pretty much to win from crypto casinos, it is quite easy for beginners to start their gambling experience.

Crypto Gambling Step-by-Step

Research Crypto Casinos and Choose a Platform

Once you decide to start gambling on a crypto casino website, the first step you should complete is to research the crypto casinos available in your area. Keep in mind that not all platforms are available to worldwide users, as some countries have regulations that keep crypto casinos from including them among their accepted countries.

Other features you should take into consideration are transparency, safety, security, the games offered and whether they are provably fair, and the bonuses, promotions, rewards, and special events. Furthermore, you can check if the crypto casino you find the most profitable and suitable for you offers a VIP program. Usually, VIP programs offer many opportunities for crypto gamblers, and they are available to all users. A crypto casino that offers a VIP program will provide more rewards, promotions, and benefits to the users who compete in various challenges and events.

Create a Crypto Wallet

After choosing the crypto casino you will use, it is time to create a crypto wallet (if you do not have one yet). And even if you do have a crypto wallet, keep in mind that some crypto casinos accept only some crypto wallet providers; thus, you should check if your wallet is compatible with the platform you chose.

Creating a crypto wallet is a pretty simple process. After you choose the wallet provider, you will be required to sign up, and you will receive the public and private keys, as well as the recovery phrase, in most cases. The public key will be visible to anyone, while the private key will allow you to confirm transactions. The recovery phrase should be kept somewhere safe and never shared with anyone.

Purchase Crypto

Once you create and set up your crypto wallet, it is time to purchase crypto in order to start gambling. And to do this, it is important to research the cryptocurrencies supported by the crypto casino you chose. Usually, crypto casinos allow users to gamble with some of the most popular cryptocurrencies, such as BTC, DOGE, LTC, ETH, and many more.

Still, some Bitcoin casinos also accept fiat deposits, so you might not need to purchase crypto, depending on the platform used.

Start Gambling

After you purchase crypto (if needed), it is time to start gambling. Sign up on the crypto casino website you decided to use, deposit fiat or crypto, depending on the platform, and choose the games you find the most profitable. Usually, crypto casinos offer the most popular games, such as slots, roulette, poker, or blackjack. Furthermore, such platforms also offer some variations, sports betting, live poker tables, and other intriguing games.

To better understand how profitable certain games are, it might help you to note that the classics (slots, poker, dice, blackjack, roulette) have an average RTP (Return to Player) of over 95%. This means that if you bet $100 in a game, a minimum of $95 will return to you.

Final Thoughts

The crypto industry has come up with surprising updates, and increasingly more users have started to consider investing in crypto.

If you are intrigued by crypto and blockchain technology and want to increase your earnings through crypto, you can consider crypto gambling.

Crypto gambling is similar to traditional online gambling but requires gambling with crypto instead of fiat. Crypto casinos provide high levels of transparency, security, and safety, and the rewards you can get as a crypto gambler are pretty significant.

To start gambling with crypto, you should choose a crypto casino that meets your needs, create a crypto wallet, purchase crypto (if needed), choose the games you want to play, and start your gambling experience.