Your Guide to Playing With Crypto

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!

Creating a Coinbase Account

Create Your Account

Purchasing Bitcoin on Coinbase

Purchase Crypto

Depositing Bitcoin at Our Online Casino

Deposit With Crypto

Receiving Casino Winnings Through Coinbase

Making Withdrawals

Creating a Coinbase Account

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)

Step 1:

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Step 2:

  • Enter your first and last name, email address , and create a password . For security reasons, we recommend choosing a complex password with numbers, letters, and special symbols. Accept the Terms and Conditions, then click “Create Account” and follow the instructions.
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Step 3:

  • An email will be sent to the email address that you used to create your account. The link in the email will redirect you to a page where you’ll verify your phone number.
  • Enter your number and click “Send Code” to get a seven-digit verification via SMS.
  • Enter the code and click “Submit”.
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Step 4:

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:

  • First Name
  • Last Name
  • Date of Birth
  • Street Address
  • Postal Code
  • Country
  • Unit
  • What You Will Use Coinbase For
  • Your Source of Funds
  • Current Occupation
  • Employer

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.

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Step 5:

  • Choose a form of identification you would like to submit to verify your identity.
  • 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.

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Step 6:

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!

Purchasing Crypto Through Coinbase

What You’ll Need

Before you start, you’ll need:

  • Debit/credit card OR
  • Bank account information

Step 1:

First, you need to choose a payment method. You will have the option to link your bank account, your credit/debit card, or PayPal.

  • If you link your Debit/Credit Card,, you can only purchases - you cannot sell, withdraw, or deposit.
  • If you link your PayPal account, you can only withdraw - you cannot sell, deposit, or buy.
  • Linking your bank account is the only way you can buy, sell, deposit, and withdraw your funds; however, it will take 4-5 business days for the transaction to be finalized.
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Step 2:

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:

  • Click the “Trade”button in the top-right corner.
  • In the pop-up that follows, select “Buy” and enter the amount (in USD) you would like to purchase.
  • Choose which method of payment you would like to use, and click “Preview Buy.”
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Step 3:

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.

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How to Make a Deposit With Crypto

Before you start, you’ll need:

  • Mobile phone (to receive SMS verification codes)

Step 1:

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”.

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Step 2:

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”.

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Step 3:

  • You’ll see a pop-up box asking for the recipient's name - this is where you put the crypto address that you copied earlier. Click “Continue.”
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Step 4:

  • Review the details of the transaction and confirm it is correct by entering the seven-digit code you receive via SMS. For security reasons, it will take 3-10 minutes for Coinbase to complete its chain of confirmations and for you to see the deposit reflected in your balance at the casino.
  • Once it’s approved, you can immediately begin playing your favorite games using crypto!

Take Your Winnings Home With Coindraw

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:

Step 1:

Select “Withdraw with Coindraw” as your withdrawal method

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Step 2:

Copy and paste your personal crypto-wallet address into the designated text box

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Step 3:

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.

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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.