USD Coin Online Casinos
Modern times tend to require modern solutions, and this applies to the banking industry too. While countless new payment options launched in the last decade, no other seems to be at the level of innovation of cryptocurrencies. These digital token has quickly become a worldwide phenomenon, capturing the attention of millions interested in what they bring to the table. Unfortunately, cryptocurrencies haven’t always been on everyone’s tongue for the right reasons. They’re volatile, many have a bad reputation linked to criminal activities, and the technology behind them is still a big mystery for most. USD Coin aims to change all of that! This digital currency is a unique contender in the crypto space, offering a different approach to the category many are praising. If you want to learn more about it, keep reading!
About USD Coin
USD Coin is one of the few cryptocurrencies that stand out from the bunch. Unlike many of the other contenders in the category, this token is missing one of the biggest issues users have with cryptos – volatility. As the name of this coin suggests, it’s pegged to the US dollar. This makes it a stablecoin, giving it a massive advantage with users seeking stability. Unlike other cryptocurrencies, this one’s price doesn’t fluctuate wildly. Sure, this means that trading it is a much less exciting option, but it also means the chances of you losing money with this token are very slim.
As far as cryptocurrencies go, USD Coin is a more recent addition to the space. It launched in late 2018, operated by Circle, a fintech company with a solid reputation. While pretty new to the scene, this token is already a big success. It’s grown exponentially in a short amount of time, amassing an impressive number of users and maintaining about 55 billion USDC in circulation. What’s more, the token has established a partnership with none other than banking giant VISA, which now allows the use of the token to settle transactions on its payment network.
The appeal of USD Coin is easy to see. With this coin, users get the best of both worlds. On one end, the token is a stablecoin pegged to the US dollar, allowing it to keep a relatively stable price akin to most traditional currencies. On the other, it’s still a cryptocurrency at its core, fostering all the perks that come with the title! As you can imagine, this includes incredibly speedy transactions, a user-friendly online network that puts convenience at the forefront, anonymity while transacting, and of course, transparency through the crypto ledger!
This mix of rare traits makes USD Coin an excellent contender in the online casino space. Unlike traditional currencies, this token is accepted in many crypto casinos, granting users access to premium titles and bonuses that can only be acquired through tokens like Bitcoin, Ethereum, etc. It also makes for an overall pleasant user experience, thanks to its anonymity and security. Unfortunately, scams are still a common gripe in the online gambling world, and using an anonymous payment method ensures your private data remains private.
Unfortunately, there are some cons to using this method. While USD Coin has picked up traction quickly, it’s still a novel entry into the online gambling world. Not many casinos support the token yet, so users might be limited to a few venues at best. While this is undoubtedly bad news, there is a silver lining. Most of the operators accepting the token are crypto casinos. These venues tend to feature tons of crypto-exclusive content that comes with excellent win potential and exciting features. It’s a small victory, but it’s not one to be taken lightly.
How to Start Using USD Coin
Using USD Coin isn’t all that different from using any other cryptocurrency. If you’re a part of the crypto world, you should already have all the tools needed to get started with this token, or at least know a few methods how to obtain it. Of course, if you’re a complete newbie to all things crypto, we’ve got you covered. Getting started with cryptocurrencies like this one might seem like a hard task on the surface, but it’s pretty easy in practice. Before we explain what you’ll need to start making transfers with this coin, we’ll say a few words about how you can get it.
One of the most important things to note about USD Coin is related to crypto mining. This activity is popular among the crypto community, but it’s not always a viable option. Crypto mining these days isn’t a worthwhile investment in most cases. It requires tons of expensive equipment and additional monetary investments to get things started. While this is a disadvantage for casual users, it’s not the issue USDC has with the activity. This particular token can’t be mined. A new one is minted with every purchase, as it works on a different concept. If you run into websites, apps, or people claiming you can mine this cryptocurrency, they’re likely trying to scam you.
Now that you know what to avoid, here are a few legitimate ways to earn USD coins. If you’re looking for a more laidback option, crypto gaming is a trend you might want to hop on. The name gives everything away. Essentially, crypto games give players cryptocurrency as a reward for completing various tasks and quests while playing. These payouts tend to be on the small side, so it can take a long time before you amass a worthwhile amount. Another option is crypto freelancing. The gig economy is in full bloom, and many freelancing websites offer payments in cryptocurrencies. Depending on the tasks you choose, you can earn anything from small sums to massive paydays!
While the previous options can be interesting forays into the crypto world, the easiest and most common way to obtain this token is through crypto trading. Crypto trading might sound scary, but it’s a simple process. You can visit one of the many supported USD Coin exchanges, such as Binance, Coinbase, and Bitfinex, and trade in different crypto or fiat currencies for it. It’s that easy! Of course, you’ll also need to get your hands on a top-tier crypto wallet to store your tokens. While many of the supported exchanges for this coin also work as crypto wallets, we suggest choosing a dedicated app. They tend to have better security and additional features you might benefit from.
Now that you’re done with the hard part, it’s time to get to the best part – using the USD Coin you’ve accrued. To make a purchase using this token, all you have to do is select it at checkout and log in with your crypto wallet or ID. In some cases, you might need to scan a QR code through your crypto wallet app as an alternative. When this step is completed, you’ll get a confirmation notification. Check if everything looks correct and confirm the transaction. That’s all there is to it! The transfer is made instantly, so your payment will go through in no time.
Depositing and Withdrawing With the Solution
Depositing with USD Coin might be a bit of a struggle for some casino fans. While using the token is relatively easy, finding a casino that supports it isn’t always as simple. Since the option is still pretty new to the online casino world, it’s only supported in a handful of venues. Furthermore, most of these operators are Crypto or Bitcoin casinos, so they can be a bit harder to reach. When you do find a casino that accepts this cryptocurrency, don’t forget to ensure it’s safe. You can do this by checking its licenses and reading expert reviews online. Once you’re sure a venue is a good option, here’s how to deposit with the token:
- Head to the casino’s Cashier/Banking/ Payment Methods page and find the USD Coin logo.
- Click on the logo, and once prompted, enter your wallet ID or scan the QR Code.
- Enter the desired deposit amount and confirm the transaction.
- The money will be transferred to your online casino balance in seconds!
If an operator accepts USD Coin deposits, it also likely accepts withdrawals through it. Thankfully, we only have good news on this front. The process of withdrawing through the token is nearly identical to depositing. Here, you’ll need to enter your desired withdrawal amount when you get to that step. There’s even more good news about USDC withdrawals. Much like deposits, withdrawals are instant too! Once your chosen casino approves your withdrawal request, the money will arrive on your balance almost instantly.
Coverage and Restrictions
With the divisiveness surrounding cryptocurrencies and crypto technology, it’s hard to talk about the coverage and restrictions of USD Coin. Cryptocurrencies like this one are still a topic of debate in most countries. While some parts of the world are more accepting of these digital coins and hope to use them in their favor, others are against them. Because of these opposing views, crypto’s legality varies from territory to territory. When exploring the nuances of crypto and crypto gambling legislation, it’s best to do so on a country-to-country basis.
For example, countries like China and Egypt represent one end of the spectrum where crypto is disliked. They’ve banned the use of cryptocurrencies completely and imposed harsh punishments for those caught using them. Malta and El Salvador are the complete opposite! Both have welcomedcrypto in various ways, using it to help boost their economies and innovate with new creative solutions. Naturally, these are the outliers. Most countries, like the UK and the US, are somewhere in the middle. They don’t ban crypto and crypto gambling, but they do impose strict guidelines to keep things in check.
Fees and Additional Charges
As is common with cryptocurrencies, there are no fees attached to USD Coin itself. Of course, this doesn’t mean users won’t experience any additional charges when using it. During the process of obtaining the token, players will likely be charged a fee from the crypto exchange they visit. These fees can vary depending on the chosen platform, so it’s best to investigate beforehand and find one with lower charges. In some cases, transaction fees may apply from the crypto wallet you’re using. These fees are generally on the smaller end, but they’re still something to consider.
With USD Coin being a currency itself, this part may seem a bit redundant. Of course, since we can’t discuss any direct currency support from the token, we’ll cover how currencies can affect the process of obtaining it. Exploring the currency support on most cryptoexchanges is a good idea. Most of these platforms support popular options like the euro, US dollar, Canadian dollar, and many others. Unfortunately, they don’t support some local currencies, which means you’ll be charged additional conversion fees if you try to buy USDC through them.
USD Coin is operated by Circle, so if you wish to get in touch with Customer Support, you can contact the company through its available channels. Unfortunately, this only includes one channel at the moment. You can reach out to the Circle team via a ticket submission through the company’s official website. As you can imagine, these responses take around 24 hours, but they can take longer depending on how busy the server is. On the bright side, the replies are detailed and helpful, so you should have a fix for your issue soon.
USD Coin is one of the best cryptocurrency options online gamblers can choose right now. The token is the perfect mix of traditional and crypto banking, offering a stable price point while gracing users with all the privileges of using a cryptocurrency. Transfers are lightning-quick, the platform is user-friendly, transactions are anonymous, and it’s as safe as can be! Of course, there are some drawbacks to using this token too. Its novelty is still holding it back, especially in the gambling world. The digital coin is only available in a select few casinos for the time being, which limits your options.
Is USD Coin safe?
Yes, USD Coin is safe. Since it’s pegged to the US dollar, users don’t have to worry about volatile price changes. The token also offers anonymity, ensuring private player data remains private.
Can I buy USD Coin?
Yes, you can. You can buy USD Coin by trading in fiat or cryptocurrency at one of the exchanges that support it. These include Binance, Bitfinex, Coindesk, and others.
Is the token legal?
That depends on the country you’re in. While some places allow the use of cryptocurrency, others have banned it completely. Before using USD Coin, check the crypto and crypto gambling legislation in your country through official government resources.
Are transfers instant?
Yes, they are. Like most cryptocurrencies, USD Coin allows instant transactions. This applies to deposits and withdrawals alike.
Does USD Coin have fees?
While the token itself imposes no fees, you’ll likely run into fees when trying to obtain it and while using it. These fees are usually imposed by the crypto wallet and crypto exchange you use.