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Online Gambling Crypto Wallets - Best 2024 Options
Online gambling at crypto casinos becomes all the more enjoyable when using a cryptocurrency wallet. These wallets securely store online or private keys, the passwords that give you access to your cryptocurrencies, for online gambling crypto sites. In turn, this makes for smoother, faster payment processes.
Keep reading to learn more about the best crypto wallets and how they’re used at online casinos!
Top 5 Crypto Wallets for Online Gambling
Let’s take a look at the five best cryptocurrency wallets you can use for online gambling:
1. Coinbase Wallet
Coinbase is a leading crypto exchange, offering three different crypto wallets. It supports the Coinbase Wallet, the Coinbase dApp Wallet and the Coinbase Exchange. Coinbase supports hundreds of thousands of crypto assets, but there are some flaws such as Bitcoin which is only supported through the wallet’s mobile app.
The Coinbase Wallet supports Bitcoin, Ethereum, Solana, Dogecoin and every ERC-20 from Aave to ZRX. It is a platform that provides layers of security and is compatible with several decentralized crypto exchanges (DEXes).
2. Crypto.com Wallet
Much like Coinbase, Crypto.com is another leading crypto exchange. Their DeFi Wallet was designed specifically for storing decentralized finance (DeFi) assets. One of the many features of the Crypto.com Wallet is the ease of service for buying and selling crypto.
The main benefits of the Crypto.com Wallet are users of Bitcoin, Ethereum and USD Coin (USDC). It is one of the best crypto wallets for online gambling, with over 700 types of crypto assets, including the top 20 cryptocurrencies by market capitalization.
3. SafePal Crypto Wallet
With more than 6 million users across over 190 countries, SafePal is one of the best cryptocurrency wallets for online gambling. SafePal supports over 30,000 crypto assets, including all major cryptocurrencies and popular stablecoins like Dai (DAI) and TrueUSD (TUSD).
The hardware cold wallet of SafePal is relatively inexpensive, costing around $50. It offers the best of both worlds, with cold and hot crypto storage. The drawback of this crypto wallet is the customer support, which is not as efficient as other alternatives.
4. Exodus Crypto Wallet
Exodus Crypto Wallet is a fantastic option for those of you who are new to using crypto wallets for online gambling. It supports more than 250 cryptocurrencies and offers plenty of educational materials and explanatory 101 videos of making the most of your cryptocurrencies.
With the Exodus Crypto Wallet, you can trade and stake cryptocurrency using a built-in exchange, functioning as a DEX. The common characteristic of DEXes compared with centralized exchanges is that it tends to be less regulated with lower liquidity.
5. Ledger Crypto Wallet
The Ledger Crypto Wallet is renowned for its user-friendly interface. It supports over 5,500 crypto assets, from well-known e-currencies Ethereum and Polygon (MATIC) to lesser-known cryptos like Ark and Casper.
The hardware Ledger Wallets range in cost from $79 for the Ledger Nano S Plus to $149 for the Ledger Nano X. The online gambling crypto wallet offers seamless integration with other software wallets, such as Crypto.com. However, one drawback of this wallet is its limited customer support.
What is a Crypto Wallet?
The function of crypto wallets is to store your private keys (the passwords that give you access to your cryptocurrencies) safe and accessible. Crypto wallets allow you to send, receive, and spend cryptocurrencies easily and securely.
Crypto wallets keep your private keys safe and accessible. They provide crypto users an easier solution for storing their passwords and shifting their e-currencies. There are three main types of crypto wallets to choose from, including:
- Paper wallets: This is the primary old-school method of keeping your keys safe. Writing your keys on a piece of paper and storing it in a safe place. The only issue with paper wallets is that because it is digital money, you will only be able to access it via the internet.
- Hardware wallets: This method of storing your keys is by purchasing a thumb-drive device and keeping it in a safe place. You will only connect the thumb drive to your device when you want to use your crypto. This method balances security with convenience.
- Software wallets: This method stores keys in an app or online software, most of which will require a two-step encryption. When using this method, sending, receiving and using your crypto is just as easy as any other online banking action you take with a regular or virtual bank card. Online wallets are the best option as they are the most convenient and incredibly safe, with other features as well.
Why Use Crypto Wallets for Online Gambling?
Every year, online gambling becomes more accepting and beneficial to cryptocurrency users. The iGaming industry provides several cryptocurrency gambling benefits, such as exclusive games and bonuses, instant withdrawal transaction processing, and the ability to play anonymously without providing any personal and financial information.
If you are a regular casino game player, there are plenty of reasons to make the switch to playing with crypto using an online crypto wallet. The main cryptocurrency gambling benefits include:
- Enhanced security: Playing at crypto casinos provides players the ability to avoid providing their financial details. This means removing the possibility of having your financial information compromised.
- Play with anonymity: Beyond financial details, when using crypto, you do not need to provide any personal information either. This means you can access the site anonymously and remove any risk of exposing your personal data.
- Lower transaction fees: Online crypto gambling has many perks and one of them is the lower transaction fees for depositing and withdrawing. In fact, at most online gambling crypto sites, there are no fees attached to any transactions.
- Faster withdrawals: Using crypto wallets for online gambling is a superb option as you are able to complete transactions from your casino account to your crypto balance within a matter of seconds. When using standard currencies, casinos tend to payout your funds within 2-3 business days.
- Greater selection of games and bonuses: Crypto casinos tend to offer exclusive games that can only be played with Bitcoin or another crypto. More notably, casinos have more lucrative bonuses to players depositing with cryptocurrencies that are not available to standard payments.
How to Choose the Right Crypto Wallet for You
There are many crypto wallets to choose from, that is why it is crucial to select the best cryptocurrency wallets for your gaming preferences. One of the most important factors to consider is choosing a secure crypto storage for gambling online.
This requires some research into factors such as security, compatibility, ease of use, and support for different cryptocurrencies.
Tips for Finding the Best Cryptocurrency Wallets
Below, you will find numerous factors to consider when choosing your optimal crypto wallets for online gambling:
- Pay special attention to security: The best cryptocurrency wallets are the ones that have greater security protocols in-place. Crypto wallets act as your first line of defense if your device falls into the wrong hands. Therefore, a PIN or facial recognition would be an effective way of protecting player security.
- Seek reputable crypto wallets: The reputation of a crypto wallet is priceless, as the leading ones in the industry are there for good reason. Reputable crypto wallets are less likely to suffer potential risks as they are well-monitored and used by millions.
- Ease of use: The primary reason to use crypto wallets is to create a safe and easier method of accessing your e-currencies. Crypto wallets are set-up to provide players with a more convenient method to their online gambling activities.
- Review the supported cryptocurrencies: The cryptocurrencies that crypto wallets support is a massive part of it. If a crypto wallet does not provide your preferred coin, it defeats the whole element of using a crypto wallet.
- Backup and recovery options: The backup and recovery options provided by cryptocurrencies are crucial in any unfortunate event such as losing a device or application failure. This feature ensures that you can regain access to your funds.
Crypto No Deposit Bonuses to Boost Your Bankroll
The most popular cryptocurrency gambling benefits are found as a new player signing-up at a crypto casino. When doing so, you will typically discover no deposit bonuses that allow you to start playing with a boost as soon as you create an account.
Some of our favorite crypto no deposit bonuses include:
| 1 |  | Claim bonus |
| 2 |  40 Exclusive Free Spins BITGATE | Claim bonus |
| 3 | | Claim bonus |
| 4 |  50 Free Spins for $1 1BIT | Claim bonus |
| 5 | | Claim bonus |
Conclusion
When playing at a crypto casino, acrypto wallet acts as a secure crypto storage for gambling activities and an easier option for completing your transactions. To ensure a comfortable experience, it is important to choose one of the best cryptocurrency wallets for online gambling. By following our advice, you will have a greater chance of enjoying all of the cryptocurrency gambling benefits offered at crypto casinos.
Frequently asked questions
A software crypto wallet is a method of keeping your keys safe by using a platform that provides users with an easier method for accessing their internet currencies.
A hardware crypto wallet is a method of keeping your keys safe by storing them on a thumb-drive.
A paper crypto wallet is a method of keeping your keys safe by writing them down on a piece of paper.
The three main types of crypto wallets are paper wallets, hardware wallets and software wallets.
The best crypto wallets are ones that are used worldwide and provide safe and easy to use access to crypto users, such as the Coinbase Wallet or the Crypto.com Wallet.
A crypto wallet is a device which stores the public or private keys for cryptocurrency transactions.
