USD Coin Casinos
With new and bolder online casinos propping up at a phenomenal rate, none of them are as captivating and exciting as the rising USD Coins breed of casinos. If you are used to playing at Bitcoin and crypto casinos, you already have one foot in the door to make a seamless and winning transition into casinos that support USD Coins. But what exactly are USD Coins, and how can you win with them? Keep reading to let the spinning reels roll.
What Are USD Coins?
The best way to grasp USD Coins is to understand why they were created. The CoinBase founders began building their own version of highly popular cryptocurrencies like Tether and DodgeCoin. After some trial and error, the fruits of that labor are USD Coins. The ultimate aim of USD Coins is to help the everyday consumer make quick and seamless purchases, including financial transactions.
The name USD Coin is to note that it has the same value as the US Dollar. By maintaining the 1:1 ratio with the dollar, USD Coin users can avoid the variance and unequal rations between Bitcoin and similar cryptocurrencies. Despite the better dollar conversion to Bitcoin, USD runs on Ethereum blockchain technology. So, if the online casino accepts Ethereum, it should be a shoo-in for accepting USD Coins. Furthermore, the same Ethereum crypto wallet you use should also be able to accept and help you mine for USD Coins.
As more banks and other financial institutions accept USD Coins, the number of available crypto wallets that support them is expected to continue growing to meet the demand. With roughly $20 billion of USD Coins in circulation, it didn’t take long for online gamblers, especially those used to crypto gambling, to gravitate toward them.
Getting into USD Coins
Use your dollars to purchase USD coins at a 1:1 ration at exchanges like CoinBase, or others like Binance. An Ethereum wallet is configured to accept USD Coins alongside Ethereum.
Making Deposits with USD Coins at Online Casinos
The safe bet is choosing a licensed, reputable online casino. That way, any deposit you make is guaranteed to go through. Many of the top Bitcoin casinos accept USD coins. To know for sure, the casino cashier should have a logo letting you know it accepts USD Coins. There is usually a universal minimum for most online casino deposits, but there might be one specifically for USD Coins.
With your USD Coins successfully deposited, the next move is to determine which casino games qualify for betting with USD Coins. Fortunately, many top developers like Betsoft and Habanero design their games to accept USD Coins. When you’re ready to cash out, the particular online casino might have processing fees for using USD Coins.
As USD Coins take off, look for many online casinos that offer exclusive promotions to encourage members to use them. Online casinos that accept Bitcoin offer Bitcoin boosters for making deposits, so it makes sense for them to do the same with USD Coins. However, please be careful of con artists and scams. Again, it is strongly recommended that you only work with licensed online casinos with a proven track record and a successful history of paying out.