CoinsPaid
CoinsPaid is a cryptocurrency wallet and payment gateway that enables users to store and exchange multiple cryptocurrencies and convert them into fiat currency. The online casino sector has recognized the significance of this innovative platform, and it has now become a popular payment method accepted by various casino websites.
What is CoinsPaid?
CoinsPaid is a software designed to simplify cryptocurrency transactions in the online casino industry, which has seen significant growth in recent years due to the popularity of cryptocurrencies. Players can now quickly deposit and withdraw money from online casinos using cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and Litecoin through a crypto wallet. With CoinsPaid, users can easily convert between various cryptocurrencies and fiat currencies, allowing for direct debits, subscriptions, and other types of payments. Unlike fiat currencies, which are subject to government control, cryptocurrencies are decentralized and not affected by human interests. CoinsPaid serves as a gateway that links your CoinsPaid account with online casinos, enabling direct deposits and withdrawals via the casino’s payment platform. Furthermore, you can convert your cryptocurrency into fiat currency to fund your online casino gameplay.
CoinsPaid casinos offer numerous advantages for players that far outweigh any potential drawbacks. One of the primary benefits is the use of blockchain technology, which ensures fast and secure transactions. CoinsPaid is no exception in this regard, providing a reliable payment platform for users.
Moreover, CoinsPaid offers built-in conversion systems that facilitate seamless localization. This makes it easy for players to switch between different cryptocurrencies and convert them into fiat currencies with ease. Overall, casinos that accept CoinsPaid provide players with a convenient, user-friendly, and secure payment option.
How to Claim Casino Bonuses at CoinsPaid Casinos
CoinsPaid casinos offer various bonuses, including special incentives for users who deposit with cryptocurrencies. Most recommended CoinsPaid casino sites provide a welcome bonus to new players, such as a deposit-match bonus or free spins. Some sites also offer a “no deposit” bonus that provides free cash to wager on your favorite games.
However, it is essential to be aware of any wagering requirements associated with these bonuses. These requirements dictate how many times you must play through the bonus before you can withdraw it and which games you can use it on. It’s crucial to read the terms and conditions carefully before claiming any CoinsPaid bonus to ensure that you get the most out of it.
Quick Deposits and Withdrawals with CoinsPaid
Using CoinsPaid as a payment method at online casinos allows for rapid deposits and withdrawals. With this option, players can start playing their favorite real-money games like roulette or blackjack almost immediately after finding a CoinsPaid casino.
CoinsPaid offers instant and free transfers, which means that players do not have to wait for long periods or pay extra fees for Bitcoin transfers to be processed. This ensures that no time or money is wasted in the transfer process, and players can focus on enjoying their gaming experience.
CoinsPaid deposits are a simple process. To get started, head to the Banking or Payment Methods page on the CoinsPaid casino website. From there, select your preferred payment option and follow the instructions provided.
If you’re using cryptocurrency, you’ll typically be provided with a QR code or a unique crypto address to input. The QR code serves as a transaction code between your CoinsPaid wallet and the online casino. After inputting the deposit amount, you can simply scan and confirm the transaction.
Here are the steps to make a CoinsPaid deposit:
- Go to the Banking or Payment Methods page on the CoinsPaid casino website.
- Choose your preferred deposit method, either CoinsPaid itself or a cryptocurrency that CoinsPaid supports.
- Scan the QR code or copy the crypto address provided.
- Scanning the QR code will redirect you to the CoinsPaid portal, where you can input the deposit amount.
- If depositing on a desktop, copy and paste the unique address and input the deposit amount.
- Click send after inputting the deposit amount. The transaction should be processed within minutes, and you’re ready to start playing!
Drawbacks of Using CoinsPaid in Online Casinos
Although CoinsPaid offers several benefits, there are still a few downsides to keep in mind when using this payment method at online casinos. Cryptocurrency is a relatively new technology, and this lack of familiarity can sometimes result in negative experiences. Below are some potential drawbacks:
1. Cryptocurrency Value is Volatile
Just like the stock market, the value of cryptocurrencies can change rapidly. This volatility can impact the value of your cryptocurrency, as well as any conversions to fiat currency that you may need for funding your online play. As a result, it’s essential to consider the potential risks associated with using CoinsPaid and other cryptocurrencies.
2. Limited Availability of CoinsPaid Casinos
Although cryptocurrencies are becoming increasingly popular, not all online casinos accept them as a payment method. This could be due to their volatility or lack of understanding about how they work. Nevertheless, the number of CoinsPaid casinos is growing, and more casinos are beginning to recognize the advantages of cryptocurrency in terms of security, privacy, and speed.
3. Initial Withdrawal Limit for CoinsPaid Accounts
When you first open a CoinsPaid account, there is a withdrawal limit of €1000 that you must adhere to. However, after completing the account verification process, you can overcome this limitation.
Advantages:
- Instant and secure transactions
- Capability to convert various cryptocurrencies and fiat currencies within the same platform
- Exclusive bonuses for users who deposit using cryptocurrencies
- Confidentiality of transfers
- Immediate deposits and withdrawals with no fees
Disadvantages:
- Cryptocurrency values can be volatile
- Limited availability of online casinos that accept CoinsPaid
- CoinsPaid withdrawal limit of €1000 initially until account verification is completed.
Steps to Get Started at a CoinsPaid Casino
To start playing at a CoinsPaid casino, you must first verify your identity by registering with CoinsPaid.
Here’s a step-by-step guide to the process:
- Visit CoinsPaid website and click on the “Sign Up” button located on the top right-hand side of the page.
- Choose an email address and create a new password for your account.
- You will receive a verification email. Open it and follow the instructions to confirm your account. This will lead you to a new browser window.
- Complete the second step of authentication using Google Authenticator, which can be downloaded from the Google or Apple Play Store. Scan the QR Code on the screen and enter the code provided by the authenticator.
- Input your personal information, including a government-issued identification card such as a driver’s license, passport or identity card, and a clear photo of yourself for biometric verification.
- Prove your address by submitting a utility bill, bank statement, or your identity card if it lists your current address. Ensure the document is not more than three months old.
- Once you have provided all the necessary information, CoinsPaid will verify it quickly. Once approved, you will be redirected to the main lobby, where you can buy and sell cryptocurrencies. You can also store regularly used address keys in the address book, which is crucial for cryptocurrency transfer.
- Load your CoinsPaid account and begin the deposit process at any CoinsPaid casino of your choice.
Accepted Cryptocurrencies at CoinsPaid Casinos
Since the creation of Bitcoin in 2009 by Satoshi Nakamoto, numerous other cryptocurrencies have emerged, and many online casinos have adopted these digital currencies as payment options. Below are some of the cryptocurrencies accepted at CoinsPaid casinos:
Bitcoin at CoinsPaid Casinos
Bitcoin was the first cryptocurrency and remains the most popular and widely used digital currency in the online casino industry. Even if an online casino does not accept CoinsPaid, most casinos allow Bitcoin deposits and withdrawals. Moreover, CoinsPaid Bitcoin casinos offer exclusive bonuses for Bitcoin deposits. The popularity of Bitcoin is expected to increase the number of sites offering this payment option in the near future. A list of the best Bitcoin casinos is available to assist in selecting a site.
Ethereum at CoinsPaid Casinos
Ethereum was introduced only five years ago, but has since become the world’s second-most popular cryptocurrency. Unlike Bitcoin, Ethereum is a platform designed to run applications on its own Ether code. Due to its increasing popularity, Ethereum has become a significant competitor to Bitcoin in value and a major player in the cryptocurrency industry. Many CoinsPaid casinos now accept Ethereum deposits and payments.
Litecoin at CoinsPaid Casinos
Although Swiftcoin and Namecoin were founded alongside Litecoin in 2011, Litecoin is the only one that has gained popularity and recognition comparable to Bitcoin. Over the past decade, Litecoin has become more stable, making it more widely accepted as a payment option at CoinsPaid casinos.
How to Withdraw and Use CoinsPaid at Online Casinos
Withdrawing funds from CoinsPaid casinos is a simple and speedy process. To begin, locate your desired withdrawal method, making sure that the casino allows CoinsPaid withdrawals. Then, input the amount you want to withdraw and connect your unique crypto wallet address.
CoinsPaid has no registration or usage fees, and there are no transaction fees between CoinsPaid users. Players can enjoy the benefit of unlimited withdrawal limits for quick and hassle-free payouts, though deposit and withdrawal limits may vary at individual CoinsPaid casinos.
CoinsPaid casinos offer a wide variety of classic slots, just like other online casinos, and often feature special bonuses for using CoinsPaid to make deposits. Take advantage of these bonuses, including deposit match offers and weekly giveaways, while playing popular games like Gonzo’s Quest and Book of Dead.
Live Dealer and Table Games at CoinsPaid Casinos
In addition to the popular slot machines, CoinsPaid casinos offer a variety of table games including roulette, poker, blackjack, and craps. With the help of software pioneers like Evolution Gaming and Playtech, players can experience live casino games as if they were in a physical casino.
CoinsPaid casinos provide live dealer games such as blackjack, poker, and baccarat, where real-life dealers deal cards or spin the roulette wheel in a studio. Multiple camera angles allow players to watch the action from various perspectives and immerse themselves in a realistic casino atmosphere. Some CoinsPaid casinos also enable players to communicate with other players and the dealer, adding to the excitement of the experience.
About Security
CoinsPaid casinos prioritize player security and take measures to protect player data, particularly with the use of encryption technology. These online casinos obtain licenses from reputable sources such as Curaçao, Malta, and Gibraltar, and must adhere to strict regulations to maintain their licensing. Before registering with a new casino, it is important to verify that their license is up-to-date, as legitimate licensing ensures compliance with regulations and heavy punishment for any violations. Additionally, CoinsPaid casinos must be regulated by an external authority to ensure fairness in their operations.
Verification Process at a CoinsPaid Casino
Ensuring player safety and security is of utmost importance for online casinos, and they are taking measures to further improve this aspect. One such measure is the introduction of no account casinos, which require no registration or identity verification and eliminate the need for sharing sensitive information. This change is subtly altering the online gaming landscape, making it not only safer but also more accessible, thus improving the overall player experience. However, for most online casinos, including those that use CoinsPaid, registration is required, and account verification is necessary before playing for profit. This verification process is a legal requirement and serves as an indication that the operators are legitimate and trustworthy.
SSL Security at CoinsPaid Casinos
To ensure your private information is secure, CoinsPaid casinos use Secure Sockets Layer (SSL) technology. This creates a digital barrier between the casino’s server and your internet browser, encrypting any information you provide to prevent it from being accessed by unwanted third parties.
While CoinsPaid transfers of Bitcoin have their own encryption security, legitimate CoinsPaid casinos provide an additional layer of protection through SSL. You can identify if a CoinsPaid casino is encrypted by checking for the padlock symbol and the prefix of “https://” in the address bar of your browser. If these components are present, you can trust that the website is secure.
Conclusion
CoinsPaid casinos are a relatively new addition to the iGaming industry, but they have the potential to become more widespread due to two key factors. Firstly, the increasing popularity of cryptocurrencies has created a demand for CoinsPaid technology to facilitate transactions in online casinos. Secondly, the speed, convenience, and cost-effectiveness of CoinsPaid deposits and withdrawals make them an attractive option for players seeking to avoid unnecessary expenses.
However, one significant drawback is that there are currently limited CoinsPaid casino sites available compared to other cryptocurrency payment methods in the online gaming market. Despite this, we anticipate that CoinsPaid will become more prevalent in the industry as it gains popularity.
We acknowledge that some may still be skeptical about cryptocurrency due to its volatility and uncertainty. Nevertheless, given the widespread acceptance of other cryptocurrency payment methods in online casinos, it is likely that CoinsPaid will soon establish itself as a trusted and reliable payment option for players.
