5 Reasons to Bet with Crypto
It’s no secret: here at Ignition Casino, it pays to play with crypto. For one, we offer incredible promotions and bonuses for crypto betters – including an enticing Poker & Casino Welcome Bonus. Plus, when you play with crypto, you’ll have the chance to score tickets to epic weekly freeroll tournaments.
As a proud crypto casino, playing with crypto is what we do best. Whether you’re a seasoned pro or a newbie, diving head-first into the world of crypto betting can be intimidating at first. We totally get it. But don’t stress – in this crypto betting guide, we break down everything you need to know to feel confident in taking the plunge.
Here, you’ll learn:
- How to play with crypto at Ignition Casino
- The benefits of playing with crypto
- Things to keep in mind when depositing with crypto
How to Play with Crypto at Ignition Casino
First things first – before we talk about the perks and drawbacks of crypto betting, you’ve gotta learn how it all works! Currently, Ignition Casino is compatible with the following cryptocurrencies:
- Bitcoin
- Bitcoin Cash
- Bitcoin SV
- Ethereum
- Litecoin
- Tether (USD)
When it comes to depositing with these currencies, our Crypto Deposit Guide is an awesome starting point. But don’t worry, we’ll still explain the steps for you here:
- Open a digital wallet – If you don’t have one already, get a digital wallet. This is where you’ll store your crypto once you buy it. Hot tip: download a wallet app on your phone that uses QR codes. Trust us – it’ll make your transactions a breeze.
- Register for an exchange account – Make sure you’ve got a crypto exchange account. Want our not-so-humble opinion? Go with a registered exchange platform, not a peer-to-peer exchange. The peace of mind is priceless.
- Purchase some crypto – Next comes the fun part: buying some crypto using your exchange account!
- Send your crypto to your e-wallet – Once you’ve purchased some crypto, send it to your digital wallet by copying and pasting your wallet address into your exchange platform. Then, enter the amount of money you’d like to send. After you confirm the transaction, you’ll see the funds show up in your e-wallet!
- Deposit your crypto to your Ignition account – Now, you’ll want to transfer your crypto from your digital wallet to your Ignition Casino account. Y’know, so you get in on the crypto betting fun. To do this, log in to your Ignition account and click Deposit. Select your desired crypto and copy the address you see. Open your digital wallet and hit Send. Paste the address you copied, type in the amount you want to deposit, and confirm the transaction. Back in your Ignition account, you’ll see the money appear, usually within a few minutes.
The Pros of Playing with Crypto
Now that you’ve gotten an introduction to how our crypto casino works, let’s discuss the best benefits of crypto betting.
- Sweet Promos & Bonuses
We wouldn’t be able to call ourselves a crypto casino if we didn’t spoil our members with jaw-dropping crypto promotions and bonuses. From the Poker & Casino Welcome Bonus to the Weekly Boost to the Tell a Friend Bonus, there’s endless excitement (and bonus cash) to enjoy.
- Low Transaction Costs
No third parties, no hidden fees, no hassle – that’s the promise of crypto betting! Because no external parties are involved in crypto transactions, you don’t have to pay as much per transaction as you would with other payment methods, such as credit cards.
- Wicked-Fast Withdrawals
We’ll be the first to admit it – waiting for your funds is no fun. When you play with crypto at Ignition Casino, crypto withdrawals are quick as lightning. Once you’ve pasted your digital wallet’s address and confirmed your withdrawal, you’ll get the funds before you know it (usually 15-20 minutes after the payment has been processed!). Way better than waiting a week for a certified cheque, right?
- Privacy
Very little personal information is attached to your digital crypto wallet, meaning it’s near impossible for anyone to tell that it’s you who made a given purchase.
- Extreme Security
Again, because very little personal information is required to make crypto transactions, you’ll enjoy heaps of protection from identity and monetary theft. Plus, crypto transactions can’t be reversed or changed once they’ve gone through and been recorded in the public ledger. As a result, you’ll enjoy a lower level of risk.
The Reality of Playing with Crypto
Here, we’ll outline some of the most notable downsides of crypto betting – and more importantly, why they shouldn’t dissuade you from giving it a shot!
- Varying Levels of Volatility
Much like stocks, the value of cryptocurrencies fluctuates. If you track them closely, you’ll often see the values going up and down seemingly at random. While this can seem uncertain, there’s an important upside to keep in mind: when you play with crypto at Ignition, we convert every deposit into USD before we add them to your account. Better yet, we do the exact same thing when you make a withdrawal! With our help, you won’t have to worry about wild crypto fluctuations.
- Decentralisation
Cryptocurrency is completely decentralised, meaning there’s no central authority figure surveying or controlling the transactions. Instead, you’re in the driver’s seat, and transactions are recorded on a public ledger. While this is a huge part of crypto’s appeal, this level of anonymity and de-regulation is also a little bit risky. That said, as long as you follow our recommendations for keeping your funds secure, you should be good to go!
- Ever-Changing
Cryptocurrencies (and crypto betting) are still a very new concept and, as the times change, they are constantly evolving. These kinds of rapid changes can be tough to keep up with, especially if you’re new to playing with crypto. Lucky for you, Ignition Casino is an expert crypto casino, meaning we keep our members up to date on the most important changes in the industry.
Ready to get started? Play with crypto and reap the rewards today!