This article discusses the various payment options crypto gambling sites offer.
Crypto gambling sites have grown in the past few years because of their brilliant idea of combining crypto investment with huge returns. Cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Dogecoin continue to rise, and online crypto gambling sites are integrating these digital currencies into their payment options. Ethereum Gambling is seen as the most popular crypto-gambling site because of its special advantages, like smart contract options.
Payment Options on Online Crypto Gambling Sites
Online cryptocurrency gambling sites offer payment options other than crypto wallets, like credit/debit cards and e-wallets.
Cryptocurrencies
- Bitcoin (BTC): Bitcoin is always the preferred option for crypto enthusiasts due to its speed and lower transaction fee. They are used on almost every online gambling site.
- Ethereum (ETH): Ethereum is mainly used in Ethereum gambling sites and is in second place as the most preferred cryptocurrency for online gambling. Eth gambling has become increasingly popular, mainly due to the smart contract options enabling interactive gaming. Compared to Bitcoin, ETH gambling sites charge a lower fee.
- Litecoin (LTC): Transactions carried out using Litecoin are secured by robust blockchain technology, providing a safe environment for their users. They also offer anonymity, helping people conduct their transactions without revealing personal information.
- Dogecoin (DOGE): Dogecoin, which has Shiba Inu as its symbol, is known for its lower transaction fees and has some other features that are easier for gamblers to use.
Other Payment Options
Even though crypto payments are widely used, online crypto gambling sites offer traditional payment methods for players not well-versed in the world of digital currencies.
- Credit and debit cards: Not everyone is a crypto investor; thus, online gambling sites have credit and debit card options for depositing and withdrawals to make it easier for non-crypto users.
- E-wallets: E-wallets are also accepted at crypto gambling sites. They accept e-wallet options like PayPal, Skrill, and Neteller, which offer a secure and user-friendly way to transact at online gambling sites.
- Prepaid cards: These sites accept other payment options like AstroPay and Paysafecard. Players use these cards to add a layer of security and anonymity to their transactions.
Fees Chart
| Payment method | Deposit fee | Withdrawal fee |
| Bitcoin | 0.1% | 0.1% |
| Ethereum | 0.1% | 0.1% |
| Litecoin | 0.1% | 0.1% |
| Visa | 2.5% | 2.5% |
| Mastercard | 2.5% | 2.5% |
| American Express | 3.5% | 3.5% |
| Discover | 2.5% | 2.5% |
| PayPal | 2.9% + $0.30 | 2.9% + $0.30 |
| Skrill | 2.5% + $0.10 | 1.45% |
| Neteller | 2.5% | 1.45% |
| Paysafecard | 5% | Not allowed |
| AstroPay | 5% | Not allowed |
| Bank wire transfer | 0.1% | 0.1% |
*Note: Please note that these fees are just estimates and may vary depending on the online crypto-gambling site.
How to Deposit and Withdraw Funds From Online Crypto Gambling Sites
Depositing and withdrawing funds are easier with crypto gambling sites.
To Make a Deposit
To make a deposit, the user must choose any reliable and trustworthy cryptocurrency gambling sites.
- Go to the deposit section on the gambling site and select the preferred cryptocurrency or payment method.
- Now, provide the number of the amount that is needed to be deposited, and then follow the instructions provided on the screen.
- Once the transaction is done, a confirmation message will be sent to the user’s device.
To Make a Withdrawal
- The user must log in to their respective gambling site account and then reach the withdrawal section.
- Now, they should check their winnings or the amount in their gaming wallet.
- Then, they must enter the amount less than or equal to their available amount and provide any additional information requested on the site.
- Now, click on the “Confirm” option, which will be provided for withdrawing the funds from the account.
Tips for Choosing a Payment Method
Choosing a payment method can be done by considering several factors on the online site.
- Fees: Fees are a significant factor that must be considered when choosing a gambling site. Some sites offer lower fees, and others charge different fees for different modes of transactions.
- Processing time: The processing time of transactions is another factor to consider. When compared to other payment methods, cryptocurrencies offer quicker transactions.
- Security: Security also plays a key role in transactions, so a player must choose their gambling site based on the level of security provided by them.
- Anonymity: Anonymity is another one of the highlights that will attract more players to a particular gambling site.
Conclusion
It is essential to choose such a site because the deposit might be at risk if there are glitches or unreliable sites. As long as the player knows the risks associated with their transactions and methods for having a great game online, they are all set to use online gambling sites without any hassle.