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How To Get Started With Cryptocurrency: From Wallets to Gambling

How To Get Started With Cryptocurrency: From Wallets to Gambling

It’s all good and well knowing that cryptocurrencies are the future of online gambling, but it’s no help to you if you do not know how to move forward with the fun. The digital world is constantly expanding, becoming more prominent and bolder than ever, and this is all thanks to the iGaming industry. 

Since the online gaming world paired up with cryptocurrency, this demand has increased tenfold, making it by far one of the most lucrative ways to increase your profits. Cryptocurrencies brought about higher levels of safety and anonymity and fast transaction times, changing the industry’s outlook for the better. 

To make the most out of any online experience, The Bitcoin Strip would highly recommend dabbling in cryptocurrency. With immense gambling benefits and a great way to up your income, digital monetary funds are a great way to stay on top of your game. In this article, you will find out the steps to getting started with cryptocurrency. 

Can We Get A C-R-Y-P-T-O

Cryptocurrency seems to turn everything it touches into gold, so why not get involved! Since the start of the digital financial world took off, there has been an overflow of the number of options available. Still, out of all 4,000, there is a handful that has managed to stand out, paving the way to their success, these being Bitcoin, Ethereuem, Litecoin, and more. 

To make your pick the most beneficial crypto for you, check out the article ‘Bitcoin V.s Ethereum: What Is Your Best Bet?’, where you will find out how to make your pick on the best cryptocurrency for you! Once you have made your choice, it’s time to get the transfers in action. Here is how to make sure that goes smoothly. 

Step By Step: How To Exchange Fiat For Crypto

There are many different crypto wallets on the market, and to make your pick, you will need to look at what you want to get out of it. No matter what wallet you choose, users can expect a smooth and straightforward digital experience. Before committing, make sure the wallet you choose has a good reputation, uses reliable technologies, beneficial backup features, and multiple Cryptocurrencies to choose from. To get you started in the right direction, here are the top 4 crypto wallets to use;

  1. Coinbase
  2. PointPay Banking Wallet
  3. Binance chain (BNB)

Now that you have made your pick let’s get the crypto show on the road by learning how to set up your crypto wallet and get funded. 

Step One: Download the chosen wallet

Choosing a wallet all comes down to personal preference. As long as the wallet is legit and offers the necessary safety and security, gamblers cannot go wrong. When making your choice make sure to do your research, as there are many options out there. The first question to ask yourself is desktop or mobile.

Step Two: Set up your account.

Ensure that all information you use is correct because any incorrect details could lead to an unsuccessful transaction. To ensure success, use a valid email address and a password of your choice. Once all filled in, users will need to verify their email addresses. Head over to your inbox and hit the link sent to you. Follow the prompt and get your wallet into action. We would recommend setting up two-factor authentication (2FA) to help up the security of your wallet.

Step Three: Buy Some Bitcoin

Although there are many cryptocurrencies on the market, there are only a few that increase your chance at better returns, thanks to their high levels of demand. Making sure your gamble is profitable comes down to more than just your skills and the cryptocurrency you choose. With Bitcoin being the most popular, it is the best option to go for if you are looking for a wide range of casinos to choose from. Buying crypto is easy, and whether you select Bitcoin or any of the other popular options, you can credit your account in no time, simply by following the prompts on your preferred wallet. 

It’s A GO For Gambling! 

Now that your wallet is stacked, it’s time to boost those balances. Scroll through the web and be in awe of the incredible selection of crypto casinos to choose from. Depending on the cryptocurrency of choice, players have a whole range of casinos to get involved in. From front runners such as Bitstarz to new fresh faces such as Roobet, the crypto industry has taken off, and with so much promise held, it doesn’t look like it’s planning on slowing down anytime soon. 

As mentioned above, cryptocurrency is all about convenience and speed, and with the evolving world of technology, these digital coins can keep you ahead of the game. Take advantage of the safety and anonymity that come along with crypto, and enjoy online gambling like never before.

Last updated by Jen Van Lier on May 7, 2021

About the editor

As website manager, Jen contributes reviews and updates to The Bitcoin Strip on a daily basis. Jen worked in the casino industry for 9 years before focusing on Bitcoin in 2016. She writes on subjects ranging from traditional slots all the way through to unique Bitcoin games, provable fairness and Ethereum smart contract gambling.

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