Before you start, you’ll need:
- Government-issued photo ID
- Mobile phone (to receive SMS verification codes)
- A photo of yourself (to verify your identity)
As a leading online casino, we know that Bitcoin and other cryptocurrencies are the way of the future. That’s why you can now deposit funds and withdraw winnings using your favorite cryptocurrency.
This guide will give you everything you need to know to use crypto to play - from creating an account with Coinbase (one of the most widely-trusted and easy-to-use trading platforms) to cashing out your winnings in an instant.
Follow this tutorial and you will be making smooth crypto transactions in no time!
In order to meet KYC requirements and to protect your privacy, financial regulators require personal information when creating an account with Coinbase. Don’t worry, your information is safe - Coinbase is entirely secure and government-trusted. These rules are in place to protect both parties, so go ahead and enter the requested information:
It is important that the information you provide is correct. You will be asked to verify your identity in the form of a driver’s license, passport, or photo ID, so be sure that all the information you enter matches the information on your ID.
You can send this document by uploading a PDF or high-quality scan or taking a photo of it using your webcam or mobile device.
After submitting your ID, you’ll be asked to take a picture of yourself for further verification and security.
If possible, find a blank background for this photo. Once your photo is submitted, it’ll take 2-5 minutes for the verification process to complete.
After your identity is verified, you’re ready to start trading and making transactions on Coinbase!
Before you start, you’ll need:
First, you need to choose a payment method. You will have the option to link your bank account, your credit/debit card, or PayPal.
In order to use crypto at our casino, you must first have Bitcoin or Litecoin in your Coinbase account, which you can easily buy directly through Coinbase. Here’s how:
Coinbase charges a small fee for purchasing crypto through them. The amount varies depending on how much you buy.
Review your transaction to ensure everything is correct, then click “Buy Now.”
A box will pop up confirming that the purchase was successful and your Bitcoin will be on its way to your Coinbase crypto wallet. You can begin making transactions immediately.
Now that your Coinbase account is up and running, you can begin playing with crypto! Log in to the casino like you always do, then head to the cashier. Choose the amount you wish to deposit and select “Bitcoin” or “Litecoin” for your payment method.
You’ll see a crypto address - it’s a long combination of numbers and letters. Click “COPY”.
Great! You have the crypto address. Now you’ll go to Coinbase and click “Portfolio” on the Menu Bar, and select either “Bitcoin” or “Litecoin” to be taken to your Wallet. To start your transaction, click “Send”.
You can put your winnings straight into your pocket in as little as 15 minutes with Coindraw! If you qualify for Coindraw, you’ll see it as one of your withdrawal methods in the cashier.
The criteria is simple - your last 3 deposits have to be with crypto and a minimum of $100; all playthrough requirements must be met as usual; and you cannot have made a Coindraw withdrawal in the last 24 hours.
Once you’re ready to cash out, here’s what to do:
Select “Withdraw with Coindraw” as your withdrawal method
Copy and paste your personal crypto-wallet address into the designated text box
Click “Withdraw to Wallet” and receive your winnings in about 15-30 mins!
You can only make 3 Coindraw withdrawals per week and the maximum withdrawal limit is $2500 at a time - but with withdrawal times as fast as these, you’ll have ALL your winnings in no time.
And that’s everything you need to know to get started with crypto! It’s a safe, reliable, easy-to-use way to manage your bankroll. Remember to check back on this page to stay updated on MORE crypto coins you’ll be able to play with soon.
Palaceofchance is in no way affiliated, administered, or endorsed by Coinbase.