Crypto casinos, like other online casinos, require money for gambling. In this case, you need cryptocurrencies of various sorts rather than ‘real’ fiat money. Because of it, the systems of processing and handling money on these websites are naturally different. You can’t have the usual banking algorithms, for starters.
There are different solutions and rules to these places. So, if you’d want to play a dice Bitcoin game here, you’d need to adhere to these rules. They differ from provider to provider, but the general picture is the same throughout. Here’s how you place, handle and extract money on such platforms.
Depositing
After creating an account on a crypto casino of choice, you’ll need to make a deposit to start gambling.
To do this, you’re required to have a crypto wallet with some number of crypto coins on it. You can’t just deposit anything, but most casinos also don’t limit you to BTC and ETH. There is usually a thorough list of such cryptocurrencies available somewhere in the visible spot.
To deposit this money, you’ll need to connect your wallet to this place, then select the method of depositing (a type of wallet you connected), specify the amount and wait for the transfer to happen. It’s usually near-instant, and the commission fees are minimal if any at all.
Now, you can also deposit fiat money, like Euro or Dollars, into some of these platforms, but it’s not always a possibility. It depends on whether or not the casino offers games that support these currencies. If there are fiat games on offer, then you’ll be able to deposit. But then, you’ll only be able to play these games.
Don’t forget that these casinos often provide a welcome bonus on your first deposit. As such, if you want to play a specific game, like cardano dice, you can deposit just a handful of Cardano and receive the rest as a bonus.
Managing
As mentioned, there are many games on these platforms, even if they support different cryptocurrencies. At least, that’s how it is on most crypto gambling websites. On others, games on offer are selected to support all the cryptocurrencies the website deals with. In short, you’ll need to look into this.
You can keep your funds on the casino balance for as long as you want; they won’t take from it. You should, however, keep an eye on the coin’s current market price. Even if they aren’t used, the coins can still lose value over time. You don’t want the winnings to be lower in price than the original deposit.
Withdrawal
To withdraw the funds, you’ll again need a wallet. You can typically select another wallet app different from the original solution, but it’s not a big deal. If you’ve already deposited the money, you can withdraw it the same way.
There may be commission fees, but casinos often do without them. It somewhat contradicts the principles on which crypto is built, and it’s generally a good way to attract customers. The transfers from the casino may take longer, but nowhere near as long as regular online casinos have you wait.
