CoinsPaid 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
- 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
- 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.
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.
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Is CoinsPaid safe to use at casinos?
What is CoinsPaid?
What types of cryptocurrencies does CoinsPaid support?
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