Despite the fact that cryptocurrencies are popular among internet casino players, their value varies, making them unpredictable. You’ll get the best of both worlds with USDC: a fiat currency’s stability and the benefits of a cryptocurrency.What exactly does this signify?
It means that it’s a stablecoin that combines aspects of both traditional and digital finance, such as being cheaper and faster than traditional banking options while also reducing the volatility associated with cryptocurrencies.
About USDC
In 2018, CENTRE, a non-profit focused on open source technology, co-founded Coinbase and Circle in order to create a reliable cryptocurrency (like Tether or USDT), called USDC. The objective of this initiative was to connect people, businesses, currencies, and financial institutions all around the world. The USD Coin was created with one goal in mind: to make it easier and faster for people all around the world to conduct business via the internet.
Its aim, as defined by Coinbase, was to develop an open financial system that would allow everyone on Earth access to the stability of a fiat currency-backed asset. It’s a cryptocurrency that has the same value as a US dollar. As a result, you may always exchange one USD Coin for one US dollar. As a result, it maintains a consistent value, which eliminates the volatility associated with cryptocurrencies like Bitcoin.
According to CoinMetrics, more than $20 billion in USD coins have been created as of August 2021, making the stablecoin the world’s second-largest after Tether.So, it’s no surprise that the secure currency is already becoming well-liked across the online gambling sector. Online casino customers adore using bitcoin for online gaming transactions, and with this solution providing a stable value, they’ve discovered their ideal virtual money.
So, if you’re interested in utilizing it across online casinos, stick with us to learn how to get started and what benefits and drawbacks come with using Bitcoin when making transactions in gambling.
Getting Started
You may acquire as many USD Coins as you want using US dollars, for example, Coinbase, Binance, BitFinex, and Poloniex.So, there are two crucial steps you’ll need to complete, and after that you can utilize it all over the world for immediate and inexpensive transactions. If you already haven’t, the first thing you must do is establish your Coinbase account.Simply sign in using your credentials if you already have one.
Convert your coins at a ratio of 1 US dollar for 1 USDC on the exchange page, with no costs to you. After you’ve purchased your USDC, they’ll be available in your account and can be used for payments and purchases anywhere else or immediately converted back to dollars via the same Coinbase account.
We should also emphasize that you may get bonuses for keeping USD Coins in a Coinbase account. Rewards are available to all US residents (with the exception of Hawaii residents) who have at least one US dollar worth of USD Coin and have established a verified Account Level 2 Coinbase account.
You are automatically enrolled in the Rewards program as soon as you satisfy the requirements. The more money you have, the bigger the rewards you earn and receive in your account over the first five business days of the following month.
Step two begins with downloading any Ethereum-compatible wallet on your smartphone, creating an account, and saving your stablecoins. After that, you may begin using your coins to deposit at online casinos.
How to Make Deposits
To make a deposit using USDC, follow these steps: Go to the casino’s Banking/Cashier/Payments page. Click or tap on USDC’s logo. Enter how many coins you want to deposit.
How To Withdraw
If you will playing at online casinos, you are ready to cashout your balance. You will most certainly be able to move your casino earnings to your wallet quickly, as long as you were able to make an deposit with the solution at your selected online casino.
The process will be similar, although this time, you’ll need to provide your wallet address to let the casino know where to send your cash. The greatest thing is that, in contrast to other withdrawals utilizing which take days, with this method, the coins will arrive in your wallet within a few minutes.
Fees
We’ve established that obtaining a stablecoin would be a cinch. But you should be aware that there are no fees associated with moving your money to USD Coins.
However, the Ethereum blockchain has been handling an increasing number of transactions in recent years, resulting in increased costs and making the stablecoin genuinely pricey to utilize.
Country Restrictions
There are no country restrictions on who can use it, given that it’s still a cryptocurrency. You’re ready to go as long as you have US dollars to convert into USD Coin.
Sure, US residents are preferred since they may earn Coinbase Rewards for using the stablecoin, but that doesn’t imply you can’t utilize it if you’re from a different nation.
Bonus
Although Betsoft has made its name in the online gambling world, it is also well-known for supporting USDC. You may even convert your deposit to USDC and play with it if you’d want to play and deposit in USD instead of Bitcoin.
This is without a doubt the greatest bonus available, and we don’t expect it to be bettered for some time.
The SportsbetFury USD Coin faucet should also be mentioned, not only because it’s functional, but also because it offers small amounts of money to try out the casino.
Advantages And Disadvantages
Is it your first time visiting a cryptocurrency casino? If that’s the case, USDC may be a wonderful alternative for you.
Cryptocurrencies are comparable to gambling in that they involve a certain degree of risk and luck.
Add the unpredictability of sports competitions and casino games’ random outcomes, and you’ve got a cocktail of uncertainty tailor-made for adrenaline junkies!
Of course, if you’re a seasoned investor with a deep knowledge of cryptocurrency price fluctuations and the financial market, that’s even better!
USD Coin, like other cryptocurrencies, can be used to gamble with over fiat currencies. There are several advantages to playing with USD Coin rather than fiat currencies, including:
Very Safe transactions
Payment Anonymity
Decentralized Payments That Are Fast
UFAQ
Are USD Coin casinos safe?
To ensure that you’re joining a safe casino, look for a reliable casino with a valid online gambling license and a large presence on the internet gambling market, just as you would in any other situation. In this way, you’ll know your money and private information will be secure with it.
Which cryptocurrency-to-cryptocurrency trading options are available?
USD Coins can be exchanged for Ethereum and Bitcoin.
Where to Buy USD Coin?
Create an account on Coinbase. The easiest way to acquire USDC is to use Coinbase. You may easily change USD or other cryptocurrencies into USDC if you already have an account with Coinbase. Look for “USD” and pick the “buy option.” After you’ve received your USD, you can send the tokens to any Ethereum wallet.
Are USD Coin Casinos Legal?
Depends on where you’re from, of course.
In most countries where internet gaming is not prohibited or highly regulated, gambling with USD Coin is no different from gambling with fiat currencies since there are few regulations that pertain specifically to cryptocurrency casinos. You should be able to play at any online casino from your country of residence, therefore USDC casinos should as well.
However, keep in mind that several USDC casinos restrict play to persons who reside in jurisdictions that have been authorized by the UIGEA.
If you’re in this situation, some non-personal information Dapps (such as your address) are a better option – but always check the casino’s rules before playing.
Brian Jeacoma is the owner of PlaySlots4RealMoney.com,is an investor, SEO specialist, and digital marketer with a diverse professional background. He started his career in real estate, becoming an award-winning agent before transitioning to investing in real estate and the stock market. He was an early investor in major tech and crypto assets, including Twitter, Bitcoin, and Ethereum.
He is the founder of Brian Jeacoma Inc., focusing on SEO and affiliate marketing. Brian also produces videos and is involved in digital marketing and YouTube SEO. Beyond business, he holds black belts in Tae Kwon Do and Hapkido and trained in Brazilian Jiu Jitsu with UFC Champion Matt Serra. Follow Brian on X and Linkedin.
