How Crypto Wallets Work At Sweepstakes Casinos

Recently, cryptocurrencies and crypto casinos have become increasingly popular. Cryptocurrency gambling may seem a bit intimidating at first, but in reality, it simplifies much of the online gambling process.

First, bettors must open a crypto wallet, which is similar to setting up an online bank account. There are three main types of crypto wallets: hardware wallets, software wallets, and paper wallets. At the same time, there are many different types of cryptocurrency; only a single crypto wallet is needed as it will hold every kind of crypto.

Then, it’s as simple as picking your crypto casino of choice. Finding a reputable online casino with good reviews, such as Yay Casino, is essential. From there, players must then deposit their crypto into the casino’s digital wallet and can then begin playing and betting.

How Crypto Withdrawals Work

Many bettors prefer using crypto when it comes to online casinos for multiple reasons: more privacy, better security, lower fees, and, best of all, faster withdrawal time. Withdrawals on online casinos are fairly similar for both fiat money and cryptocurrency. In both cases, winnings are deposited into the player’s account.

To withdraw winnings, the player must simply transfer them from the platform’s wallet to their bank account. In the case of cryptocurrencies, players will move their winnings into their crypto wallet instead, using their crypto wallet’s address. While traditional fiat money can take a few days to process, cryptocurrency transactions can be processed within hours to mere minutes.

Which Cryptocurrencies Are Available In The US

A handful of cryptocurrencies are currently available in the United States. Some of the most popular cryptos are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Solana (SOL). Bitcoin and Ethereum are by far the most popular cryptocurrencies and are accepted in most online crypto sweepstakes casinos.

However, it is also important to consider which U.S. states do not have access to certain sweepstakes casino apps or platforms.

While Yay Casino, for example, works in most U.S. states, its services are unavailable in Washington, New York, Nevada, Idaho, Kentucky, Michigan, and Vermont.

How To Play At Crypto Sweepstakes Casinos

Playing and betting with crypto is identical to playing and betting with traditional fiat money. The only difference is the currency used to bet and reward players. After setting up a crypto wallet and finding a crypto sweepstakes casino, players can transfer their cryptocurrency to their digital wallet on the casino’s platform. Certain crypto sweepstakes casinos, like Yay Casino, will allow players to buy cryptocurrencies directly from the platform/app.

After loading up the digital casino wallet, players can buy gold coins and receive sweep coins as a bonus. Gold coins can be purchased and hold no monetary value. They are mostly used for playing games and betting. However, sweep coins can be earned and exchanged for real prizes.

After purchasing coins, players can use their digital currency to play the hundreds of games Yay Casino offers, including their slot machines, jackpot games, and fish games. Once the player earns more sweep coins, they can redeem them for the chosen cryptocurrency of choice.