Since the beginning of the 2nd decade of the 21st century, crypto gambling sites have started popping up. The timeline is very important because that’s when it all started. With Bitcoin, we mean. Since then, over 6,500 cryptocurrencies based on various generations of blockchains have seen the light of day.
Throughout the process, crypto wallets have been an integral element. We’re about to review one of them today. Coinbase. For what purpose, you ask? To play at online casinos! So, let’s get started with the Coinbase online casinos without any further ado.
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Story Behind Coinbase
Coinbase is one of the crypto industry pioneers, starting operations in 2012. Back in the day, very few people in the world were aware of the existence of Bitcoin. But Coinbase founders decided it was the perfect time to get a head start.
Today, Coinbase is one of the world's most used, if not the most used, crypto wallets. With over 98 Million verified users and over $309bn trading every three months, there’s no room to question the company's credibility.
At the time of writing, Coinbase allows users from over 100 countries. And to cater to this massive consumer base, Coinbase employs over 4900 people all over the world.
The mission statement on the Coinbase website says that "increasing economic freedom in the world" is its primary goal. Thanks to the massive team of professionals, Coinbase has managed efficient operations worldwide.
Speaking of the operations, they include buying & selling crypto, borrowing crypto, exchanging, the Coinbase wallet, and lots of other things. Today's focus of our review is the Coinbase wallet that you can use for deposits and withdrawals at online casinos.
How to Deposit Using Coinbase Wallet
Using the Coinbase wallet is one of the easiest things you can do to get started. All you have to do is download the app on your phone or computer and sign up. As the whole idea behind the crypto paradigm is to decentralize everything, you don’t have to deal with verifications."
When the time comes to deposit into your Coinbase casino account, you can’t follow the same steps as, say, a PayPal casino. The process for deposit is a bit different. Just follow our step-by-step instructions, and you’ll be good to go.
- Once you download the Coinbase app and sign up, you’ll need to add a fiat currency method. However, if you’re supposed to receive crypto tokens from another wallet, you can reserve this step for later.
- Once you open the app, you’ll see five buttons on the bottom section. The middle one (2-way arrows) is the one you need to use for a deposit. When you click that button, you’ll get the options to "Convert", "Send", and "Receive".
- Get the wallet address for the online casino you’re playing at and tap on "send" on the app. Enter the casino’s wallet address, enter the amount in BTC or fiat currency, and authenticate it.
- The crypto tokens should show up in your account within a few minutes.
Coinbase Deposit Fee
One of the drawbacks of using cryptocurrencies over fiat currencies is the recurring fees. Most fiat methods don’t impose any fees other than maybe an annual fee. But for crypto wallets, you have to pay fees for pretty much every service you want to take.
It’s no different for Coinbase online casinos. Every time you do a transaction, you have to pay a 1% fee. Thankfully, it’s a flat rate that goes for all kinds of transactions on the Coinbase platform. For tokens on the Ethereum Blockchain like DAI, ETH, USDC, etc., you immediately pay the fee when you do the transaction.
Coinbase Withdrawal Fee
Unlike many fiat currency methods, there are no withdrawal restrictions when using cryptocurrencies. It simply means you can withdraw using the same Coinbase wallet you used for the deposit.
Similar to bank transfer casinos, you have to pay fees for withdrawals. You pay the fee when you withdraw from the commerce account for tokens like BTC, LTC, BCH, DOGE, or any other ERC-20 tokens.
Fastest Paying Coinbase Wallet Casinos in 2022
Overall, Coinbase is a very renowned payment method. The fact that it has operations in over 100 countries proves that it’s credible. Also, did you know that withdrawals with crypto methods are instant?
Most of the crypto wallets that you can download are pre-approved. It means the "pending period" online casinos impose for processing the payment is no longer there. But it’s not literally "instant". It takes a few minutes for the casinos to process the payment. Here’s the list of the fastest Coinbase online casinos in that regard.
|No.||Online Casino||Coinbase Deposit||Coinbase Cashout|
|1||Fortune Jack Casino||Yes||Yes|
Advantages and Disadvantages of Coinbase Wallet
PayTM is popular in India, and there are many perks to using PayTM casino sites. That said, there are still some drawbacks. Here are the pros and cons of using PayTM to gamble:
- One of the largest portfolio platforms for crypto investors
- All in one exchange, store, buy, and sell platform
- Flat 1% fee for all the transactions
- Mobile apps for both Android and iOS
- Protected by FDIC insurance up to $250,000
- Assets are stored in offline servers
- You can buy crypto with fiat currency
- A great platform for earning free crypto
- Transactions fees can stack up over time
- Bad customer support reviews
Special Casino Bonuses Using Coinbase Wallet
Most modern online casinos have different types of bonuses designed for the players. The bonuses are more associated with player accounts and their activities rather than what payment method they’re using.
Indeed, some methods like Skrill and Neteller don’t qualify for bonuses at some online casinos. But crypto wallets like Coinbase are never restricted. At least, we haven’t seen it happen.
Customer Support at Coinbase
On the Coinbase website, scroll down to the footer section and locate the "Contact Us" page. It’ll take you to the Coinbase help centre. The first thing we’ll see is the "Support FAQ".
Right below that, there’s the live chat button. All you have to do is type your message, and an agent will join to help you out. You may also call the support team. There are four regions and four different phone numbers. All of these channels are active 24/7. The phone numbers are as follows:
Lastly, you can email email@example.com to elaborate on any issues you’re facing with the services.
Payment Methods Similar to Coinbase Wallet
Right now, Coinbase has over 98 million active accounts. The figure is enough to draw you to the service and open an account for yourself. However, there are many other options in case you want to expand your horizon with
Security of Coinbase Wallet Online Casinos
Coinbase has always been a strong advocate of clear communication and efficient execution. It’s written right on the mission statement page of the website. Complying with these mission statements isn’t possible if the developers don’t design a safe platform.
Coinbase takes extraordinary measures to ensure your safety as well as its own. For starters, you can’t use your wallet without verifying it. Then, you can pay for Hardware keys and the Coinbase Vault to increase the layering of security on your account.
Coinbase also boasts of "never being hacked". All of the assets are stored in offline servers and monitored 24/7 for any suspicious activities.
License and Address of Coinbase
Coinbase is an international corporation. It didn’t become one without licensing its services in all the jurisdictions. In all the 100+ countries the company has operations right now, the subsequent government regulates it. Also, the "Licenses" section on the Legal page of the site shows that Coinbase is licensed across all 50 US states.
The headquarters of the company is based in San Francisco.
Using Coinbase Wallet to Gamble
Go ahead and select an online casino from our list of operators. All of them will accept Coinbase, even if It’s the largest casino in the world. The only prerequisite is that the casino has to accept cryptocurrencies as a valid payment.
Coinbase Wallet Casinos FAQs
Haven’t you found what you’re looking for yet? Then, check out our answers to the frequently asked questions about Coinbase casinos below.
Can I use Coinbase at online casinos?
Surely you can. Any online casino that accepts cryptocurrencies is going to accept Coinbase. It’s because the casinos are more concerned about the token you’re using and not the wallet it comes from.
Is Coinbase free to use to gamble?
No, it’s not. You need to pay a 1% processing fee every time you do a transaction. It goes for sending, receiving, buying, selling, and exchanging crypto. There might be additional fees if you’re doing something that doesn’t come under Coinbase’s scope.
Which countries accept Coinbase?
According to the Coinbase website, it operates in 100+ countries all over the world. While the number of countries is not as high as some other wallets like BitPay, the total number of users is among the highest.