In recent years, cryptocurrencies are preferred by many for their online purchases, including deposits and withdrawals at online casinos. Nowadays, it is common to find many virtual casinos that support payments in various cryptocurrencies. To be able to handle your cryptocurrency payments, you can resort to the service of the CoinsPaid crypto wallet.
CoinsPaid allows its customers to pay for various goods and services in their preferred cryptocurrencies and meet no surcharges for the payments. The crypto wallet will store your funds with the utmost care and will provide a very secure way to handle your payments. If you decide to use CoinsPaid for your withdrawals from interactive casinos, you will have the chance to keep your winnings in your chosen cryptocurrency or exchange more than 50 cryptocurrencies and over 20 national currencies.
|Available in||Accepted in most countries except for banned and high-risk countries|
|Connecting bank card/account to CoinsPaid||fee varies|
|Withdrawal balance from CoinsPaid to your bank card/account||fee varies|
|Pay to online merchants||Free|
|Available for deposit||Yes|
|Available for withdrawal||Yes|
|Usual deposit time in online casino||Instant|
|Usual withdrawal time from online casino||Instant|
Using CoinsPaid for your deposits and withdrawals at online casinos is extremely easy and many players will have the chance to make use of this payment method. Transactions via this solution are processed in an extremely fast and secure manner. This allows players to handle their casino payments with ease and enjoy their online bets at any time and place.
Using CoinsPaid for Gambling Transactions
To be able to use CoinsPaid for your casino payments, you will need to open an account with the service and upload funds to your crypto wallet. The registration process is extremely easy and it requires only a few simple steps. To open your CoinsPaid account, you will be asked to provide your country of residence, email address and choose a password for your crypto wallet. Once you proceed to the next step, you will be sent a verification email, which will allow you to continue with the registration.
Whenever you verify your email address, you will be redirected to a webpage that will provide a QR code that needs to be scanned via a QR Authentication app. Use the app on your mobile device to scan the code and you will be provided with a unique code that needs to be entered on the registration page of CoinsPaid. This is the last security check step that you need to take before your CoinsPaid wallet is ready for use.
Once your crypto wallet is ready, you will need to provide a copy of a document that will verify your identity. Once you do that, you will be able to choose from more than 50 cryptocurrencies for your wallet and future payments. Once you verify your account, you will have access to all wallet features and pick from the supported cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dogecoin, and many more.
When you want to deposit to an online casino via CoinsPaid, you will be able to top up your gaming account instantly, without exposing any type of sensitive information. Since the crypto wallet supports many of the most popular cryptocurrencies, you will have no issue depositing via the cryptocurrency you prefer.
CoinsPaid for Gambling Transactions Additional TipsThe depositing process is both fast and very secure if you decide to fund your casino account via CoinsPaid. Whenever you initiate a payment via CoinsPaid, you will be asked to log into your crypto wallet account. The details that you provide, however, will not be shared with the casino and your personal information and money will be properly protected.
Withdrawals via CoinsPaid are also extremely easy for online casino players. The payment process is similar to the deposit one but it is possible for the funds to be withdrawn a bit slower. This depends on the cashout approval policy of the casino itself and the total withdrawal time may take anywhere between a couple of hours and up to a few days.
CoinsPaid users who have verified their accounts will be able to modify their wallets and choose the limits of their hot wallet (main account). They will also have the chance to determine the minimum transaction total to transfer their funds into a cold wallet. Separate cold wallets are used to store the money that you do not need in your main account for crypto payments or currency exchanges.
When you head to the Balance section of your CoinsPaid account, you will be able to view your crypto balance as well as your fiat currency balance. Thanks to this section of your crypto wallet, you will also be able to view the deposits you have made into your preferred online casino and the winnings you have withdrawn.
|CoinsPaid Gambling Transactions|
|Supported transactions||Deposits and withdrawals|
|Deposit pending time||Instant|
|Withdrawal pending time||Up to 48 hours|
|Additional security||two-factor authentication|
Advantages and Disadvantages of Using CoinsPaid as a Payment Method
If you are not certain whether CoinsPaid is the right payment solution for funding your casino endeavors, you might want to compare the positive and negative sides of the service. Like any other payment solution, CoinsPaid has its advantages and disadvantages and it is entirely up to you to decide whether this method is suitable for you.
Virtual casinos that support cryptocurrency payments have become easier to spot. With more casino operators accepting payments via different popular cryptocurrencies, it has become an easy task to find a trustworthy online casino where you can deposit and withdraw via your CoinsPaid wallet. Currently, more than 300 gaming operators have decided to join forces with CoinsPaid and accept payments via cryptocurrencies.
Another great advantage of CoinsPaid is that your money will be transferred in an extremely secure manner. The reason for that is the advanced safety measure that the fintech company is taking to protect the personal information and funds of its customers. Even when you open your account at CoinsPaid, you will be asked to go through a two-factor authentication process, ensuring that this is a very secure payment service.
Thanks to the decentralized nature of crypto payments, no authorities can block payments carried out via CoinsPaid. This is great news for players who may have limited access to convenient payment solutions they can use at online casinos.
Additional Advantages and Disadvantages of CoinsPaidWhenever casino players are looking for a method to help them manage their online casino payments, they are always considering the fees that one solution may impose. The good thing about CoinsPaid is that most online casinos will not charge any fee neither for deposits, nor for withdrawals via the crypto wallet. This makes CoinsPaid a very budget-friendly payment solution.
One more advantage of using CoinsPaid for your casino transactions is that you will be allowed to choose from more than 50 cryptocurrencies, including the most popular ones like Bitcoin, Litecoin, Bitcoin Cash, Dogecoin, and more. What is more, you will have the chance to exchange cryptocurrencies and manage your funds in the cryptocurrency you prefer. But that is not all, your CoinsPaid waller will also support more than 20 fiat currencies and you will be able to exchange your cryptocurrencies for fiat currencies. This is a great way to enjoy the casino winnings you have cashed out via CoinsPaid.
It can be said that CoinsPaid offers plenty of advantages that many casino players might enjoy. There are, however, some things that may not be appreciated by some gaming enthusiasts. Before you can proceed with your cryptocurrency payments, you will need to register on CoinsPaid’s website and create your crypto wallet. Although the process is not that long, it does require some additional steps to ensure your security.
If you do not have the QR Authentication app on your mobile device, you will not be able to go through the two-factor authentication during the registration process. Once you create your wallet, you will not be granted access to the wallet’s features before you verify your identity. To do that, you will be required to provide a copy of a document that can prove your identity. Needless to say, some players do not appreciate the different steps they need to go through when they wish to pay via cryptocurrencies.
One significant disadvantage of this payment service is that both fiat currencies and cryptocurrencies have a flat rate value and it cannot be raised higher when you decide to trade assets such as gold. At the end of the day, you can decide whether CoinsPaid is the right service for you by taking into consideration the types of payments you want to make via your crypto wallet. If you are looking for a convenient and safe way to handle your online casino transactions, this crypto wallet is definitely a good option.
|CoinsPaid Pros||CoinsPaid Cons|
|Plenty of online casinos support CoinsPaid payments||Requires registration|
|Extremely secure payment system||New users need to verify their identity to use the crypto wallet|
|Instant exchange of cryptocurrencies and fiat currencies||Cryptocurrencies and fiat currencies have a flat rate value|
|Low or no fees|
|Supports more than 50 cryptocurrenies and 20 fiat currencies|
Fees for CoinsPaid Gambling Transactions
As mentioned above, one of the positive qualities of CoinsPaid is that it allows budget-friendly gambling payments that often cost no surcharges. Most interactive casinos that accept deposits via cryptocurrencies will allow their members to top up their accounts via their crypto wallet by CoinsPaid and pay no fees for the transactions. This means that players will be able to instantly fund their casino accounts and it will cost them no surcharges.
When it comes to withdrawals from virtual casinos, in most cases, using CoinsPaid will not incur any additional fees. It should be noted that this may not be the case in all online casinos that support payments via cryptocurrencies. This being said, most gaming sites will allow their members to enjoy all of their winnings in their crypto wallets, without having to pay any fees for the transactions.
If there are any fees that will apply for your transactions from and to your crypto wallet, you will be able to see the amount of the surcharge before you initiate the payment. The applicable fees are charged in the cryptocurrency that applies to the specific service CoinsPaid users make use of. Every type of cryptocurrency is subjected to a specific mining fee which is charged by its respective blockchain network.
|Gambling deposit fee||Free|
|Gambling withdrawal fee||Free|
|Bank account deposit fee||Varies|
|Bank account withdrawal fee||Varies|
|Credit/debit card deposit fee||N/A|
|Credit/debit card withdrawal fee||N/A|
Processing Times with CoinsPaid
One of the best features of CoinsPaid as a payment solution at virtual casinos is the speed of transactions. No one wants to wait to play their favorite games online, which is why every player is looking for a fast and convenient way to top up their accounts.
If you have set up your currency wallet, then you will be ready to manage your casino balance. Deposits via CoinsPaid are instant, allowing you to quickly boost your gaming balance and place bets on your favorite games right away. The payment process itself does not require providing any card or banking details, which means that the transaction will be processed even faster.
In addition to fast deposits, CoinsPaid also allows pretty quick withdrawals from online casinos. Compared to other methods, this crypto wallet can help you enjoy your winnings in no time. This being said, the entire processing time depends on the casino’s withdrawal policy. Whenever you initiate a cashout, the casino will have to approve your request before you can enjoy your winnings. The approval may take a few hours or up to a couple of days. Once your withdrawal request is accepted, however, your funds will be transferred to your crypto wallet in just a few minutes.
|CoinsPaid Processing times|
|Gambling deposit time||Instant|
|Gambling withdrawal time||Varies|
|Bank account deposit time||N/A|
|Bank account withdrawal time||N/A|
|Credit/debit card deposit time||N/A|
|Credit/debit card withdrawal time||N/A|
Mobile Payments via CoinsPaid
CoinsPaid allows its users easy management of their crypto wallets even when they are on the go. Thanks to a dedicated crypto wallet app, one could easily handle their cryptocurrencies and fiat currencies with just a few taps on the phone screen. The CoinsPaid wallet app can be installed on both Android and iOS devices. In fact, the mobile version of CoinsPaid is easily accessible by almost any smart device.
As long as you have a stable Internet connection, you can load the website of CoinsPaid and log into your account via your mobile device. Even though you will be managing your payments on the go, you can be sure that your money will still be protected since the fintech company is utilizing advanced security tools.
If you have decided to play your favorite casino games on the go, you will be able to initiate crypto payments via your mobile device. This will allow you to handle your gaming balance with ease even when you have switched to a handheld device.
CoinsPaid also offers a dedicated Explorer application that can be downloaded from the Google Play Store and Apple’s App Store. It allows CoinsPaid users to handle their internal transactions and view their cryptocurrency and fiat currency balance. This is a wonderful app for off-chain transactions that many CoinsPaid users might appreciate.
|CoinsPaid Mobile Payments|
Security at CoinsPaid Online Casinos
Whenever you are looking for a convenient way to handle your online casino payments, you can rely on CoinsPaid. The crypto wallet will allow you to make gambling deposits and withdrawals in a hassle-free manner. In addition to that, the service enables casino enthusiasts to manage their casino payments in an extremely secure manner.
The company that is in charge of the services provided by CoinsPaid is Dream Finance OÜ and it has been licensed by the Financial Intelligence Unit of Estonia. To comply with the regulations imposed by the licensing authority, CoinsPaid is required to verify the identity of all of its customers. To do that, the crypto wallet required its new customers to go through a two-factor authentication when they are opening their accounts. In addition to that, once the wallet is created, new customers are required to provide a copy of a document that will serve as identity proof.
Online casino enthusiasts who have decided to handle their payments via CoinsPaid can be sure that their funds will always be properly protected. To ensure a higher level of security, the company stores the funds of its customers in an offline cold wallet, which means that the money is protected from any cyber attacks. Since account holders can set up a limit for the amount that will be stored in their hot wallet, any funds exceeding the limit will be automatically stored in the cold wallet. This adds another layer of protection and gives CoinsPaid users peace of mind.
CoinsPaid Casinos FAQs
What is a 2FA and how to use it when opening a CoinsPaid account?
When you decide to register at CoinsPaid and you verify your email address, you will be redirected to a page that will ask you to enter a code that you will receive after going through the two-factor authentication process. To do that, you will need the Google Authentication app that will allow you to scan the QR code on the page and will provide the code that will allow you to proceed with your registration.
Can I test the service of CoinsPaid?
Yes. Before you start paying with cryptocurrencies or exchange cryptocurrencies and fiat currencies, you can have a trial period with your crypto wallet by CoinsPaid. Before you do that, however, you will need a testnet Bitcoin wallet to get testnet coins. After you receive a confirmation that you can use your testnet coins, you can proceed to try the features of CoinsPaid and get familiar with the crypto wallet.
Can Cryptocurrencies Be Converted into Fiat Currencies?
Yes. The great thing about CoinsPaid is that it has a built-in currency exchange system that will allow you to convert cryptocurrencies into more than 20 fiat currencies. If a merchant has chosen a certain fiat currency, the payments their customers make in different cryptocurrencies will be automatically converted into the chosen fiat currency.
Can CoinsPaid Users Withdraw Their Fiat Currencies to Their Bank Accounts?
Yes. To be able to withdraw your fiat funds from your crypto wallet, you will first need to add your bank account to your CoinsPaid merchant account. Before you are allowed to initiate a withdrawal, however, the CoinsPaid team will need to approve the bank account you have provided. The withdrawals are confirmed via a 2FA code, making the payments very secure.
How Can I Deposit Into My Fiat Balance?
If you want to deposit to your fiat balance, you will need to choose the “Top Up” options which can be seen near the respective fiat currency. The next step is to choose either a SEPA of SWIFT payment solution, choose the bank, and enter the amount you would like to deposit. Once you verify the transaction, a bank invoice will be formed and you will have the chance to make the payment.