A crypto wallet enables you to hold and make use of such currencies as Bitcoin (BTC), Ethereum (ETH), and other altcoins. They're not actual coins that you can physically hold in your hand, since they only exist in the online world. You are able to send, buy, or hold your coins there. It's like a bank, but it's not a bank, it's really a small app or file in your phone or computer.

There are wallets that are easy; you log in, send coins, and you're good. Others take some trouble to set up. But in both cases, you are given a password that is a long sequence of numbers and letters. Here you can check out best crypto payment casinos.

What do online casinos use crypto wallets for?

Internet casinos support crypto wallets because they are fast and safe. When you pay with a card or bank, you take hours or days waiting for the transaction to be processed. But when you use crypto, your money gets to your account in seconds or minutes, and it's less expensive.

Also, paying with a card typically comes with charges compared to crypto whose charge is negligible or zero.

How to play with a wallet

Having learned what a wallet is and how it works, observe how to use it in real play. Below is how to go from coin to casino entertainment in just a few touches.

• Choose a wallet: The majority of players use mobile wallets like Trust Wallet or MetaMask. After getting one, buy some coins. You can do so via apps like Binance or Coinbase. Then, send your coins to your wallet.
• Choose a crypto-accepting casino: When it's playtime, go to the cash page. Select 'crypto' or the coin you use.
• The casino will show you a code: Open your wallet, read the code, and send. In a matter of moments, the coins will be in your game account.
• Begin playing: You can play slots, table games, or sports games without any issues.

How safe is to use a crypto wallet?

Your money is secure if you hide your key from others by not posting, sharing, or storing it where others may find it. Others write it down on paper and hide it.

You also have to choose a good wallet and a fair casino. Read reviews to know other users' feedback. Don't join a casino with a bad customer service or slow cash-outs. Don't fall for scams; if an establishment requires you to transfer coins with no guarantee or your password, don't join, as it might steal your funds.

Research the wallets types

Not all cryptocurrency wallets are created equal. Some are quick to use, and others are designed to add security. It is helpful to be aware of their differences below:

• A hot wallet is linked to the internet that you can access from your phone or computer. It could be an app or a site, best for players who play often and move coins frequently. They're easy to use and are best for new players. But since it is online, it is exposed to hackers if you're not careful.
• A cold wallet is not online and is a flash drive with your coins. They are more secure against hacks since no one can touch it unless they have the device. But if you lose it, so do your coins.

Good things about crypto in casinos

With crypto wallets, you get your payouts promptly at reduced charges. Most importantly, it allows you to play in comfort, and casinos are providing rewards like Bitcasino.io bonus that reward their players for depositing or simply logging in. You do not have to wait until banks are open as crypto is open 24/7, thus you can play at any time you desire, and your cash out when you need.