Cryptocurrencies are here: in banking, stock markets, personal digital wallets, and online casinos are not excluded. Decentralization, security, enhanced privacy, and lighting-fast transactions are things that resonate with online casino gamblers worldwide, making cryptocurrencies like Bitcoin a valuable asset to pay attention to.

In this article, we’ll speak about how to gamble with Bitcoin and other cryptocurrencies in steps. You'll learn what things you need for a start, how to set up a wallet and buy the first crypto, and how to start gambling.

Let’s get started!

Crypto Gambling 101 — First things you need to know

You can gamble Bitcoin and other cryptocurrencies in crypto casinos USA or any other country where they are available. It is safe, as Bitcoin and other cryptocurrencies are based on blockchain technology, which presupposes a high level of security by its nature. Also, it allows keeping your transactions anonymous, which is an extra benefit for online gamblers. Finally, the whole process is not hard, even for beginners, and can be taught in several simple steps, which we can discuss further.

Step 1. Get a wallet

Crypto wallets are the first thing associated with cryptocurrency. To buy, keep, and sell bitcoins, you need to have a place to hold them. Your crypto wallet is your personal digital safe, where you keep your keys—the codes that give you access to your cryptocurrencies. The interface of most wallets is similar to that of PayPal or Skrill.

To select a wallet, you need to decide on its type. There are online wallets available as apps or websites. These are also known as so-called hot wallets. They are easier to get and, therefore, preferred by starters. You don't need any special knowledge to use a wallet like this, but it is less secure due to its limitations. The most trusted ones are MetaMask, Exodus, Mycelium, and Electrum.

You may also buy a hardware or cold wallet, a separate digital device. These are super secure and preferred by pros. However, they are also a bit more complicated compared to hot wallets. The most popular ones are the Ledger Nano S Plus, Trezor Model T, and Cypherok X1.

To start with a wallet, you need to:

• Download a wallet or buy a device

• Generate a personal wallet using the instructions

• Write down your private key and store it in a safe place

Step 2. Buy crypto

As you have a wallet set up, fill it with cryptocurrencies. The most popular ones are Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and Tether. Here’s how to purchase the coins:

(1) Go to an exchange: the most reputable sites are Binance or Kraken

(2) Create an account: you need an email address and a strong password.

(3) Verify your identity: this step requires an identification document like a passport or driver’s license.

(4) Fund your account: To transfer money from your bank account or credit or debit card to your exchange account.

(5) Buy crypto: Go to the trading section of the website and buy the cryptocurrency you need.

(6) Transfer crypto to your wallet.

As you have cryptocurrency in your personal wallet, you can move on to gambling.

Step 3. Select a reputable crypto-gambling website

At this step, you have to select a secure crypto-gambling website. To do so, check if the casino has the license information. Usually, you may find it on the footer or the margins of their website. Also, don’t forget to read the reviews. If the casino has a lot of issues, people will definitely leave complaints. It is also helpful to check if the website has good SSL encryption. 

At the same time, try to avoid casinos with unclear terms and conditions or suspicious promotions. The best crypto casinos in the USA are BC Game, Empire Casino, and Rakebit.

Step 4. Make a deposit

While gaming, you must send and receive coins and transfer tokens from your wallet to the casino.

So, you start by sending your money to the casino wallet. You must go to your online gambling account and find the "Deposit" or "Cashier" option. There, you can find and copy a unique wallet address for your chosen cryptocurrency.

Then, access your cryptocurrency wallet and select the "send" option. In the wallet's recipient field, paste the copied wallet URL to send assets to the online casino. Specify the number of coins you want to sell to the casino as you confirm the transaction by entering a PIN code or reentering the password.

Note: The transaction confirmation may take several hours, depending on your chosen cryptocurrency and the network's load. You can't start gambling until the transaction is over.

Step 5. Place bets!

Now it's time to do what you've come for! You must browse the game selection, pick and load the one you like, and take your chance.

As a first-time player, you may also receive welcome bonuses. You should develop a strategy to decrease the risk of failing.

When done, exit your game and withdraw your funds if lucky!

Final words: Remember, responsible gambling

Although gambling is purposed to be fun and relaxing, for some people, it may turn into an addiction and cause a problem. Reputable gambling websites usually provide responsible gambling constraints, but it's up to a player to take care of their safety.