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Coinspaid Casinos

CoinsPaid CasinosCoinsPaid is one of the leading crypto payment providers in the world. The company has been operating since 2014, which is the early days in terms of cryptocurrency. They help the traditional and crypto worlds meet by offering an intuitive payment system that supports 30 types of coins and 20 standard currencies.

CoinsPaid strives to offer global payments without borders and operates in 100’s of countries around the world. Their unique payment system has helped people pay for goods & services online securely when traditional banking options aren’t available. This convenience and focus on digital payments have seen the company experience strong growth, as more people use crypto for daily expenses.

For online casinos, it’s the perfect payment solution. The gaming site can accept deposits from players worldwide in crypto, and through the CoinsPaid platform, receive payouts in their traditional local currency. These features and a strong partnership with SoftSwiss have caused a significant rise in CoinsPaid casinos, and now you can find 100’s of excellent choices online.

The company provides a full suite of products & services within its online ecosystem. Customers can access cryptocurrency wallets, payments, and conversion exchanges. They’re the ideal solution for anyone looking to use crypto to play at online casinos in 2021.

A Brief History of CoinsPaid

CoinsPaid is located and licensed in Estonia and has more than 100 employees. The parent company is Dream Finance OU. Their revenue details aren’t publicly available, but some experts predict the brand is responsible for handling as much as 5% of global bitcoin trades. These figures mean CoinsPaid would be making substantial revenue from their gateway, with the company earning fees on every transaction.

Some key employees are Ekaterina Palianova, the PR Manager, Dmitry Ivanov, the head of marketing, and Ilya Savitski, who’s in charge of Development & IT. Alex Kuzniatsou has a crucial role covering Finance, Payments, Accounting, and Legal. Ivan Montik, the founder of iGaming giant SoftSwiss, was an Adviser & Mentor for CoinsPaid, and his experience and contacts have helped CoinsPaid connect with the iGaming world.

Thanks to Ivan’s help, SoftSwiss selected CoinsPaid to be the cryptocurrency payment processor for their platform. This deal represented a huge opportunity, with 100’s of online casinos operating on the SoftSwiss platform.

In June 2021, they announced they’re releasing their IDO, offering a Defi/Utility token for sale to the public. Investors can use it in the online ecosystem for staking and other Defi protocols. This move shows the company’s belief in the crypto industry and the potential of blockchain & Defi technology.

CoinsPaid – Pros and Cons

Pros

  • 30 types of cryptocurrency supported
  • Simple QR Code payments
  • No fees for users
  • Fast transactions
  • Used by 100’s of online casinos to accept crypto

Cons

  • Not all types of cryptocurrency are accepted

How to use CoinsPaid at Online Casinos

The first step to using this payment option is to take your pick from the best CoinsPaid casinos and sign up for an account. Once you verify your email, you can click on Deposit. Select CoinsPaid or pick the individual crypto coin option.

Casino sites that use CoinsPaid focus on the most popular crypto tokens. The main ones that sites use are Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. As time goes on, this list will grow, but if you’re looking to play at the top sites, these are the most used crypto coins for convenient banking.

Once you’ve selected the cryptocurrency you wish to deposit, enter the amount, and you will receive a unique wallet ID and a QR Code. This page shows the address that you use to send your crypto to. Either scan the QR Code or Copy and paste the address into the send field of your online wallet, enter the amount you wish to deposit, and press Send.

Once the transaction arrives on the blockchain, CoinsPaid will monitor it until it’s confirmed. This timing will vary depending on the type of token you deposit. Your casino account balance will be updated automatically, and you can then start playing your favourite slots, table, and live dealer games with your crypto.

Many casino sites that use this gateway will convert your balance into a traditional currency like EUR/USD while playing and making bets. When you request a cashout, the site converts the dollar value to determine how much crypto to send to your withdrawal address.

Conclusion

CoinsPaid is one of the leading cryptocurrency payment processors and is the perfect solution for the online casino industry. Gaming websites can accept payments in crypto from around the globe and receive fiat funds locally to operate their business.

Casino players can benefit from accessing more gaming sites, deposit using various tokens, and enjoy fast, private, & secure online transactions when playing online at casinos in 2021.

 

  • BitKingz Casino
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    125% UP TO €150 / 0.005 BTC & 100 FS
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    New players only. (18+) The minimum deposit is 20 EUR. Max bonus is 125% up to 150 EUR. The wagering requirement is 45x the bonus. Bonus expires in 14 days once a deposit is made. Full T&C’s apply.

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    United StatesRestricted in United States

    For new players only, (18+) The minimum deposit is €20. The wagering requirement is 40x the deposit bonus plus the winnings of the free spins. The bonus is valid for 5 days starting from the date the is received. Full T&C’s apply.

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    New players only on the 1st deposit. (18+) The minimum deposit for this bonus is €20. 60x wagering requirement and must be completed in 2 days (48 hours). Players will receive 20 free spins daily for 5 days. Full T&C’s apply.

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  • QueenSpins Casino
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    Only 1 person per household can claim this bonus. The minimum deposit is 20 EUR and the maximum be is 5 EUR. All deposits must be wagered 50x the deposit. Full T&C’s apply.

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    UP TO $1,000 BONUS & 100 SPINS
    United StatesRestricted in United States

    You must enter the bonus code (GC100) before the deposit. 18+ to play & the minimum deposit is AUD 30 / EUR 20 or above. The maximum bonus is  AUD 1,000 & the number of winnings obtained after the completion of the free spins. Full wagering requirements is 40 times the amount of the bonus received: (deposit bonus & winnings from free spins). Full T&C’s applies.

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  • Spinfinity Casino

    250% WELCOME BONUS UP TO $2,500
    United StatesAllowed in United States

    Qualified for the first 5 deposits with minimum deposit of $35 or higher while it is only a $10 minimum deposit with Bitcoin. Players have to be 21 and over or the legal of age of your jurisdiction. Wagering requirements of 40x the bonus must be complete before withdrawals can be done. Having said that, additional T&C’s apply.

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  • King Billy Casino
  • King Billy Casino

    UP TO $1,000 BONUS & 200 SPINS
    United StatesRestricted in United States

    Valid for the first 4 deposits only, Must be 18+ to play with a minimum deposit of €20. Subject to 30x times wagering requirements. The maximum bet is €5 per spin. Full T&C’s apply.

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  • Surf Casino
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    100% BONUS UP TO €100
    United StatesRestricted in United States

    For new players on the first 4 deposits. 18+ to play, a minimum deposit of $30 (first & second bonus) minimum deposit of $60 on third & fourth bonus. Wagering requirements of 3x on the first & fourth deposit, and wagering of 20x on the second & third deposit. Full T&C’s apply.

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  • 3.6
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Coinspaid FAQ

  • Is CoinsPaid safe to use at casinos?

    Yes. CoinsPaid operates a payment gateway used by 100’s of casinos to accept deposits in cryptocurrency. Transactions are recorded securely on the blockchain. Once confirmed, the system will automatically update your casino balance, and you can start playing.

  • What is CoinsPaid?

    CoinsPaid is a global cryptocurrency payment solution provider based in Estonia. They’ve been in business since 2014 and work with 1000’s of merchants worldwide. They allow companies to accept payments in crypto and receive the funds in over 20 fiat currencies.

  • What types of cryptocurrencies does CoinsPaid support?

    Currently, CoinsPaid supports over 20 Crypto Currencies. These include Bitcoin, Bitcoin Cash, Litecoin, Cardano, Ethereum, Dogecoin, Neo, Ripple, Augur, XIN, Binance Coin, Bitcoin SV, TRON, EURS, DAI, XED, USDC, and four USDT pairs.

  • Are there any fees for using CoinsPaid?

    One of the great things about using CoinsPaid to deposit at online casinos is there are no fees on the customer end. The casino site has to pay transaction fees to the company for using the gateway. The only costs involved will depend on the network fees for the coins you are sending.

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