USD Coin is considered a stablecoin in the world of cryptocurrencies. This refers to the fact that 1 USD coin will always have the same value as 1 US dollar, so it has a stable price and not a volatile one like many crypto coins. This form of digital currency is managed by Coinbase and Circle. It launched in 2018 so it’s still young in the crypto domain and for that reason, it’s not as widely used as many other virtual currencies. There are some other similar cryptocurrencies to this stablecoin including TrueUSD and Tether.
Casinos with USD Coin
- USD Coin
USD Coin transactions work just like any other digital currency-backed payment method. The tokenized US dollar has excellent security and can be transferred instantly, beating its fiat counterpart in many aspects. USD Coin is yet to catch on and be used widely across online gaming sites.
The cryptocurrency world is still fresh, and many digital coins are playing catch up to the likes of Bitcoin and Ethereum. Since the USD Coin is regulated and maintains its value there are a lot of conveniences that will appeal to casino players. One of the things holding back this currency is the marketing, when more people are educated on how the crypto space works and the features of USD Coin we can expect popularity to rise. We are more than likely to see new and old online casinos accept USD Coin.
Making a deposit using USD Coin will not restrict you from claiming a deposit bonus. You can still grab a welcome bonus, match bonuses, cashback offers and free spins when you fund your account using USD Coin. The process of claiming a bonus remains very similar to claiming a bonus through a standard banking method.
You should always take some time to look at the bonus terms and conditions and make sure you understand the requirements of converting bonus money into withdrawable cash. There are several core terms you should pay attention to, including the wagering requirements, max win amount and games contribution.
Users of USD Coin can enjoy plenty of conveniences when making deposits and withdrawals. Cryptocurrencies have rocketed in recent times thanks to the advantages they offer. Let’s take a look at some of the perks to using the USD Coin crypto coin.
Great protection: USD Coin is built on the blockchain network and therefore near impossible to penetrate. You can make money transfers through the USD coin with high levels of security. On top of that, you will not need to share any banking information or personal details to execute the transfer.
Larger deposits: The blockchain technology does not impose limits on the amount you can transfer so you are able to make bigger payments and withdrawals using the digital USD Coin currency.
Faster withdrawals: The outstanding benefit of USD Coin is that transfers take a few seconds so you will have to wait days for your money to reach your account.
No fees: USD Coin’s blockchain technology doesn’t take a fee for moving money through the network.
As with any online payment method, there are always drawbacks to go with the perks. Let’s look at some of the disadvantages you may find when using USD Coin as a deposit option.
Availability: USD Coin is not widely used as many other crypto coins and as a result, is not hosted on many gambling sites.
Privacy: USD Coin is a regulated stablecoin which means you need to verify your identity to hold and transfer the coin. USD Coin does not offer the privacy and anonymity that many other cryptocurrencies do.
The USD Coin has been built to remove transfer costs, allowing you to move money around for next to nothing. Cryptocurrency is famously more cost-effective than using the likes of eWallets to fund your account. You should be aware that many online casinos will add a small fee to each deposit and withdrawal you make. This fee is nothing to do with the payment method but just something the operator adds on as an extra revenue stream. You can check if your casino imposes transaction fees by contacting the customer support service.
Creating an Account
You do not need an account with the USD Coin currency, but you will need an account with a crypto exchange. There are many reputable crypto exchanges available. You will need to register your personal details and verify your identity by providing a copy of some government-issued ID. Once you have an account with a crypto exchange you can purchase USD Coin, store it and transfer it.
You can ramp up the reels and enjoy the best casino games in no time when you deposit through USD Coin. Getting money into your online casino balance is swift and simple. Here are the steps to transfer funds into your real money casino balance.
- Choose USD Coin as your payment option.
- Enter the amount of your deposit.
- You should then be presented with a USD Coin wallet code.
- Head over to your crypto wallet and transfer USD Coin to the provided wallet code.
- Confirm the transaction and Your payment should be sent.
- Once the funds display in your casino balance you can start enjoying the games!
Getting your money out of your casino account into your account is also very simple and incredibly speedy. Here are the steps to get hold of your casino winnings.
- Head over to the casino cashier.
- Choose the USD Coin withdrawal option.
- Enter the amount you wish to withdraw and confirm.
- You should then be able to enter your USD Coin wallet code.
- Then the casino will confirm the transfer.
USD Coin is powered by the Ethereum cryptocurrency and considered an Ethereum token. This brings with it the hardened security that goes with the wildly popular Ethereum coin. The advanced blockchain technology means your transfers cannot be compromised when making global transactions. You will never need to input any banking or personal information that may put you at risk when making USD Coin payments.
There is a ton of information on the USD Coin cryptocurrency on the internet. You can find enough info to satisfy any quest for knowledge. The crypto exchange will also have various support options and an in-depth FAQs page for a general question. You can also reach out to the customer support service that the online casino operator offers. You can contact a support agent through live chat, email or consult the FAQs for any general queries.
The USD Coin has a lot of appeal and advantages, although they are not as widely known as some other digital currencies. This stablecoin offers all the security, speed and efficiency of top cryptocurrencies but without the volatility, making it an ideal choice for casino players.
At the moment there isn’t a huge number of operators that accept this digital currency but has new crypto-friendly casinos enter the market and existing casinos realise the potential and convenience of crypto we are seeing USD Coin hosted across gaming sites.
Can I make withdrawals using USD Coin?
Yes, you can send money back to your USD Coin account. Withdrawals are usually sent back in a matter of hours.
Are there fees involved with USD Coin?
No, there are no fees attached to the crypto chain when making USD Coin deposits. However, the online casino operator may have their own deposit and withdrawal fees, independent of any payment method.
What is the best USD Coin casino?
We have researched for you so you can view the best casinos that accept USD Coin payments and make a choice yourself. We have listed the top-rated USD Coin casinos here.
Which online casinos accept USD Coin?
Use the list of USD Coin casinos to see all online casinos that accept USD Coin payments. We filter the casino top list to only show USD Coin casinos that accept players from your location.