Those who’ve caught the cryptocurrency wave need no introduction to the fact that many online casinos today allow you to deposit funds and cash out winnings in crypto.
Crypto and online casinos are here to stay, and BTC has become the quintessential coin. But if you want to utilize the currency of the future at online casinos, you’d naturally want to know, what is the best Bitcoin wallet for online gambling? So whether you prioritize ease of use or security, read on to discover which Bitcoin wallet may be the best choice for your online gambling needs.
Few Thoughts on What Crypto Wallets Are
Before we delve into the matter of which is the best Bitcoin wallet, let’s consider how casino players are utilizing them and what they can do for you. First and foremost, crypto wallets, including Bitcoin wallets, are digital wallets that users of cryptocurrencies rely on to hold and transact with the supported coins.
Crypto wallets are a cross between a leather wallet you can keep in your pocket and an online banking platform your bank provides. The obvious difference is that crypto wallets are digital and can work as online apps. In this case, they embody a host of encryption and so-called public and private keys to keep your assets secure.
The private key is the password that lets you access and manage your cryptocurrencies. These are kept offline to protect your assets from hackers. The public key is your account number, which you provide when getting paid in crypto funds.
Best Bitcoin Wallets for Online Casinos
A crypto wallet should provide security and an intuitive user experience. Not everyone is an expert in this field, so these two elements must be impeccable, allowing you to easily make Bitcoin transactions.
The following suggestions for the best Bitcoin wallet for online gambling are available as iOS and Android mobile and tablet apps, as well as desktop web browsers. The following wallets allow you to receive your casino winnings in Bitcoin.
Blockstream Green
Founded in 2013 and acquired in 2016 by Blockstream, the present wallet is in lockstep with the highest standards for crypto wallets. Blockstream Green is a multisig wallet, meaning its users must provide two or more private keys before logging in and managing their Bitcoin. Additionally, Blockstream Green has 2FA authentication, so it is quite security-minded.
A fascinating feature is that this wallet only supports BTC and doesn't exact a universal fee on your transactions. Thanks to using SegWit, Blockstream Green offers three-speed levels to process your transaction: fast, medium, and slow, which go in descending order regarding the fee. The key takeaway about Blockstream Green is that it shouldn't be the first consideration for a Bitcoin wallet for new users. The reason is, it takes a bit of attention to detail and knowledge of crypto to set up.
In terms of use, certain aspects of it may deem it a tough nut to crack. For example, you can't apply more than one mnemonic seed in one move – because it isn't a safe thing to do for someone new to crypto. Therefore, we tried another option: BRD.
BRD Wallet
The present option lets you store different cryptocurrencies, unlike the one above. But since we are talking about playing on gambling sites with Bitcoin, BRD does an excellent job with BTC. First, BRD (Bread, not Bird) is all about simplicity. The user experience offers a clean-cut app and navigation. Second, it is so because the company intended it as part of its identity.
The company, BRD, has noted success in the crypto world, and its founding team was acquired by Coinbase, where they contribute to the development of wallets and functionalities.
BRD is an open-source thing that programmers can access to test and challenge. Meaning BRD has been tested, like its open-source counterpart Blockstream Green. Security-wise, setting up your BRD requires a lock screen on your device if you want to use the app. Like other Bitcoin wallets, it requires a recovery phrase and a six-digit PIN.
The Bread Wallet is free to download and use, but there is a grey zone. Transaction fees are applied, and these vary depending on the amount you are transferring.
How to Use Bitcoin Wallets for Online Gambling?
The first order of business is to have BTC in your wallet. You can buy Bitcoin on a crypto exchange, like Binance and Coinbase. Good crypto and Bitcoin wallets also work as an exchange market. Next, find an online casino that supports Bitcoin, and there are plenty of reputable, trusted venues online. Locate the cashier’s page and select Bitcoin from the available cryptocurrencies.
In the Bitcoin wallet, navigate to where you can find your Bitcoin address – an alphanumeric blockchain. Copy the address and enter it on the cashier’s page along with the amount you wish to deposit. And that’s it; you have deposited Bitcoin into your online casino account and are ready to play!
Our Verdict
To help you answer the question, what is the best Bitcoin wallet for online gambling, you need to ask yourself, are you willing to read up on crypto wallets as you go?
If not, then BRD may be the easier option. But if you prefer security over ease and like a good learning curve, then Blockstream Green should be a pleasure to work with for online casino deposits and withdrawals in Bitcoin.
