Play with up to 6 BTC + $25 Free Chip

Play Aviator Today

Play

Deposit with USDT

Bitcoin casinos future - featured image.

Bitcoin Casinos – Is the Future of Online Casinos Here Already?

October 8, 2022

Bitcoin Casinos – Is the Future of Online Casinos Here Already?

October 8, 2022

Blog » Posts tagged "Crypto" (Page 5)

Bitcoin casinos are the future, and here’s why

Bitcoin’s been making boss moves since its inception in 2009. It is literally the OG of cryptocurrencies.

This blockchain-based decentralized digital currency was created by Satoshi Nakamoto (a pseudonym for one man or a group of individuals – no one actually knows). He/they saw a need for a decentralized currency following the 2007 – 2009 global financial crisis.

During this time period, people were hella suspicious of governments and banks, and bitcoin presented the perfect opportunity to move away from a financial management monopoly that left little room for autonomy, and provided even less transparency. Of course, bitcoin took off with a bang, paving a path for over 19,000 other cryptocurrencies, or altcoins – to follow.

With its surge in popularity, many companies began adopting bitcoin-based transactions. The first online crypto casino was established in 2013 – providing all of the same benefits of an online casino, but with better security, faster payouts, and total anonymity. Naturally this proved to be a hit with players, and soon, other casinos followed suit.

Packed with perks – 4 reasons why bitcoin casinos promise a better overall casino experience

Bitcoin casinos are all the rage, and it’s really not that hard to see why when you consider the plethora of benefits that are part and parcel of playing at a crypto casino. Let’s take a look at some of these benefits in detail below. For more, read this blog.

Lightning-fast withdrawals

Bitcoin technology is crazy efficient, and allows for instant deposits and withdrawals at Punt Casino. This is because bitcoin has completely removed the need for third party payment providers, allowing transactions to take place in mere minutes – giving players access to their favorite crypto games instantly, and allowing them to enjoy their wins within no time at all – taking a fraction of the amount of time it usually would at a traditional online casino.

When you think about how long fiat casinos take to pay out (a few days on average at minimum), it’s crazy to think that casino players haven’t kicked up a fuss sooner, demanding quicker payouts. Fiat casinos have their hands tied, however, as they can’t really influence the time it takes for a bank to process payments.

Most fiat casinos advise that payments usually reflect in 1-3 business days – and this is primarily due to the fact that they’re going off of how long it takes a debit card, debit card, or bank transfer to approve the funds before the payment actually reflects on the player’s side. Crypto eliminates this waiting period significantly – with winnings being paid out within a few minutes, to a few hours, max.

It’s global, baby

Bitcoin is ubiquitous. You can transact with it anywhere – as long as you have an internet connection. Compare this to many fiat payment methods that are geo-restricted, and therefore limiting – and you have a clear advantage. Zero geographical limitations means unfettered fun!

It’s oh-so cheap

Transactions with bitcoin are über cheap. This is because of the low fees associated with bitcoin gambling, and the fact that Punt doesn’t add any additional charges to your transaction, either. When you play with bitcoin, you’re automatically doing away with those pesky bank fees.

Security is airtight

Playing at a bitcoin casino means that you’re benefiting from some super strong security measures. As a baseline, Punt casino makes use of airtight SSL digital encryption. Then, every transaction on the blockchain is fortified by secure cryptography – which means that your funds are doubly protected.

It’s all completely private

You want to gamble online anonymously, and you have every right to! Luckily for you, gambling with cryptocurrency makes this a breeze. All crypto transactions are 100% anonymous, so you can enjoy the peace of mind that comes with knowing that when you gamble at a bitcoin casino, it’s all kept completely under wraps.

The future of bitcoin (and other cryptos) in online casinos

The future is here, and it’s pretty clear to see that casino’s that haven’t adopted a crypto offering will have to do so sooner rather than later.

Bitcoin could become the norm at online casinos

The world is changing rapidly, and new technologies are being adopted in the blink of an eye. Those that don’t adapt will surely fall behind! And all of this is very seriously changing the way that we behave, and even share money, online. With that said, it’s reasonable to assume that the future of online casinos is based in crypto.

What makes us so sure?

Well, just look at the list we shared above. The benefits are persuasive, and cryptocurrencies such as bitcoin, bitcoin cash, ethereum, tether and bitcoin are becoming the currency of choice for many existing and new online casinos. Additionally, players are always looking for casinos that offer convenience of play, and safety.

Plus, it all comes down to what’s best for business. If casinos know what players want, why wouldn’t they give it to them? Crypto casinos have pioneered convenient, safe, and anonymous gambling – giving players more control over how they experience their entertainment online. It’s only natural that casinos that want to draw the maximum number of players would follow suit.

So – is crypto the next logical step for online casinos? We think so, and we know that many casino players agree.

If you’re not part of the movement, join today – and get a brilliant BTC bonus while you’re at it. Sign up here.

Create Account

The Best Casinos Online to Withdraw Without Sending Any Documents

October 7, 2022

The Best Casinos Online to Withdraw Without Sending Any Documents

October 7, 2022

Blog » Posts tagged "Crypto" (Page 5)

Want the Best Casinos Online to Withdraw Without Sending Any Documents?

Scenario: you’ve just bagged a blazing jackpot playing your favorite casino games, and now it’s time to withdraw your winnings – but as you get to the Cashier to request your withdrawal, you’re bombarded with identification requirements and requests to submit your personal information – ugh!

We all know this can be a pain, but is it really necessary to go through this traumatic experience? Okay, perhaps “traumatic” is a little far-fetched, but you get the picture. Well, there are very valid reasons why some casinos require this information (photo IDs, driver’s licenses, proof of residence, etc), but fortunately, not all casinos require it – at least not for all players.

What are the best casinos online to withdraw without sending documents? Since you’re reading this, it won’t take you long to find a casino that does not require documents when withdrawing your winnings, but let’s first look at why this rule is set in place.

Why do casinos require identification documents?

There are many reasons why casinos require players to provide identification, so here are a few of the main reasons:

1. Responsible Gambling

Yes, believe it or not, casinos do look out for their players when it comes to problem gambling – the good casinos, at least. Requesting documents from players is one way of identifying players who may have restricted themselves from playing in the past due to irresponsible gambling, and identifying those who may be abusing the casino’s terms and policies in a self-destructive way.

2. Fraud Prevention and Anti-Money Laundering

Gaming operators must adhere to strict anti-money laundering and fraud prevention policies set by authorities in the jurisdictions in which the casino operates. This is to protect both the player and the casino from fraud and to keep the industry clear of illegal activities such as laundering money.

3. Player Protection

Reputable online casinos are normally licensed with official online gaming authorities, such as Punt Casino, which is licensed and authorized by the Government of Curacao. This helps with dispute resolution and ensuring that players’ interests are protected at all times when playing online. Always make sure you play with a licensed and reputable online casino – credentials matter!

4. Underage Gambling

Of course, this goes without saying. It is true that some casinos do experience underage gambling on their platforms, and requesting identification from a player helps prevent this.

5. Non-Compliance with Casino Terms and Conditions

Casinos put terms and conditions in place to prevent players from abusing bonus offers, free spins giveaways, multi-account registrations, playthrough requirements, maximum cashouts, and more.

These rules protect both the player and the casino and Know Your Customer (KYC) requirements in the form of providing identification help casinos combat the abuse of rules and regulations when playing online.

Best casinos online to withdraw without sending documents

Who wants to struggle with unnecessary restrictions and identification when gambling online? Nobody. Unfortunately, that includes those who are breaking the law or looking to bypass government restrictions and the casino’s terms and conditions.

However, if you’re looking for the best casinos online to withdraw without sending documents, there are a few reputable casinos out there that either allow players to deposit and withdraw with KYC requirements, or some that require minimal information, or have set a withdrawal limit where KYC information may be required.

If you’re on the hunt for a KYC-free casino, here’s what you should look out for:

1. Check licensing and reputation

Make sure the casino is licensed, regulated, and still has a good reputation among online players and casino review sites. Even if the casino offers online gambling without registration, you still want to make sure you’re safe and protected while playing.

2. Check bonuses and promotions

Take bonus offers and welcome packages into consideration. Bonuses and promotions are one of the most important things to consider when picking a new casino to play with. Of course, not all players claim these offers, but it’s good to know that you can still get value for money when playing at a casino that does not require identification.

Punt Casino’s Welcome Package, for example, offers up to 6 BTC and a $25 Free Chip across your first 3 deposits.

3. Check maximum withdrawal amounts

Check the maximum cashout requirements. Some casinos may only require KYC information once a player reaches a maximum threshold when cashing out. For example, Punt Casino does not require any information other than your email address when withdrawing funds below $10,000 – that’s huge.

Other casinos may have a lower threshold than this, or might not even allow players to make any withdrawals without providing documents – so take this into account (you never know when a life-changing jackpot might come your way).

4. Check withdrawal methods

Take the deposit and withdrawal methods into account when picking the best casinos online to withdraw without sending documents. You want to make sure that deposit and withdrawal methods are not restricted, and that you will be able to receive your funds via the available withdrawal methods, regardless of whether or not documentation is required.

Any player can withdraw funds up to $10,000 in Bitcoin at Punt Casino without needing to provide documents, unless you have taken up no-deposit offers, which do require identification to withdraw the winnings.

You’ll need to create a safe and secure bitcoin wallet first though, after which you can take advantage of faster withdrawals at Punt casino using Bitcoin and Coindraw.

5. Game selection

Look out for the games – you want only the best of the best, don’t you? The game selection offered when finding the best casinos online to withdraw without sending documents is important, because even though you can withdraw without docs, you still want to know you’re playing quality games that are fair, or else you won’t have any funds to withdraw after playing.

Punt Casino has just been revamped with a whole new selection of premier casino games from providers such as Reevo, Dragon Gaming, Fugaso, KA Gaming, and Spribe, with many more on their way.

You can now choose from hundreds of quality games on our menu – slots, table games, crash games, specialty games, keno, and more, with new titles added frequently. Not only that, but our games offer generous Return to Player (RTP) percentages and fairness is guaranteed.

More Games

6. Check the terms and conditions

Okay, so you find one of the best casinos online to withdraw without sending documents, but what are the other terms and conditions like?

Are you limited to how much you can withdraw? Are wagering requirements on bonus funds and deposit amounts fair and in line with industry standards? As mentioned, bonuses and promotions are important to consider when choosing a casino.

Only play with casinos that offer fair terms, and are transparent with their conditions of play. If there is information you can’t find in the FAQ or terms, and you don’t have the option to chat live with support representatives to answer your questions, the casino may be hiding valuable information.

However, you can rest assured that Punt Casino offers fair terms and conditions that are in line with industry standards, if not more advantageous for the player. Also, we keep everything out in the open with blog posts such as these, our extensive FAQ at Punt, as well as our Terms and Conditions and Privacy Policy.

Best casinos online to withdraw without sending documents? Look no further than Punt!

To register with a new player account at Punt Casino, all you’ll need is a valid email address and a password. Our registration process is very simple and takes only a few seconds.

You also have the option to use our registration and deposit window in the lobby to register, make your first deposit using any of our accepted cryptos (BTC, LTC, BCH, XRP, USDT, BNB, DOGE, and ETH), and claim the first bonus in your 3-stage welcome package – an astonishing 125% bonus up 3 BTC and a $25 Free Chip, to be precise.

And withdrawals? If you’re a depositing player, you can withdraw up to $10,000 in Bitcoin without needing to provide any further identification or KYC documents. However, when withdrawing winnings from no-deposit bonuses such as the 10 free spins for 10 days OWENX10 promo, further KYC information may be required.

Take advantage of anonymous gambling at Punt today

As you can see, Punt Casino ticks all the boxes when you’re looking for the best casinos online to withdraw without sending documents. With over 1,000 mind-blowing casino games, exciting bonuses and promotions, and the power of crypto packed into a game experience that cannot be matched, it’s the best place to take advantage of anonymous gambling – with withdrawals up to $10,000, of course. ?

Twitch bans online gambling streaming on the platform.

Twitch Bans Gambling Streamers: Why? And What Does It Mean?

October 4, 2022

Twitch Bans Gambling Streamers: Why? And What Does It Mean?

October 4, 2022

Blog » Posts tagged "Crypto" (Page 5)

Are Online Gambling Streamers Really Banned From Twitch? Let’s Dig a Little Deeper!

Surely you’ve heard about the popular live-streaming platform called Twitch – the Amazon-owned powerhouse that sees millions of users logging on each day? Well, a new scandal has unfolded – one that will see the streaming of casino games (specifically slots, roulette, and dice games) from unlicensed gambling sites in the US banned on the platform.

However, there’s more to it than this, as not all forms of online gambling are being given the boot. And what does this mean for all those popular streamers promoting casino content, the platform itself, and all the users who feel that this move is yet another unnecessary constraint on their right to access age-appropriate content online? Let’s dig up the dirt!

How casino streaming works on Twitch

Twitch is an interactive online streaming platform that allows users to live-stream content (mainly gaming, IRL, music, and creative content) for the site’s visitors to view. Casino gaming content has been available to view on the platform for several years now – of course, with many mixed views and opinions from the site’s users as well as its streamers.

But why do these popular streamers choose to broadcast their casino gaming activity? It’s because online casinos pay them to – simple. Of course, this started out with casino gaming enthusiasts simply just streaming online while they play, but casino content quickly caught on and has become one of the most popular genres available on the site – especially slots.

Streamers would post their own referral links to the casino site on their channel, which directs users to the casino’s site with the streamers either receiving a commission on the user’s gaming activity on said sites, or they would earn a fixed monthly salary for their efforts.

In most cases, the live streaming of casino gaming content would see streamers visit a casino, exchange real money or cryptocurrency for casino credit, and start betting on the casino’s games as a form of promoting the casino. Sounds like a great job, doesn’t it?

Well, it all seems to be coming to an end, as Twitch recently announced that from the 18th of October, it would prohibit content that included “slots, roulette, or dice games that aren’t licensed either in the U.S. or other jurisdictions that provide sufficient consumer protection.” But why?

How did this casino content ban come about?

Okay, so one of the main reasons why gambling content is soon to be banned from Twitch, is said to be the concern of underage users viewing and acting on the content they view on the platform. But, surely there is a way around this – age restrictions put in place for certain content, perhaps?

Okay, maybe something a little more elaborate than the picture above, but you get the picture. Twitch stated that nearly 75% of its viewers are between the ages of 16 and 34, and according to the National Center for Responsible Gaming, about 6 to 9 percent of the youth struggle with gambling addiction, compared to only 1% of adults.

But that’s actually NOT the reason why this looming ban on gambling content has come about – not the reason that forced Twitch to pull this bold move, at least.

One popular casino streamer known as ‘Sliker’ on the Twitch platform, had reportedly scammed his followers out of hundreds of thousands of dollars, leading to some of the site’s top influencers such as ‘Pokimane’ threatening to boycott Twitch unless gambling content takes a hike.

Of course, the other side of the spectrum had a lot to say about this too, with a renowned gambling streamer/enthusiast, ‘Trainwreck’, voicing his opinion about the matter in a very… Uhm… let’s just say he sounded SUPER upset.

However, apart from his creative use of the English language, Trainwreck did make a very good point. Let’s backtrack really quick and look at Twitch’s official Twitter post that caused the uproar:

Did you notice that bit about “We will continue to allow websites that focus on sports betting, fantasy sports, and poker,”? So, at this point, it’s difficult to say what’s what. Of course, Sliker (the accused scammer on Twitch) has definitely committed a serious offense.

However, is this enough to constitute an industry-wide ban on Twitch? And why do sports betting and Poker get to stay in the game? Hey, don’t get us wrong – we love our poker games. But something does smell a little fishy here, and it seems that Twitch has an itch that only sports betting can scratch.

But what does this MEAN?!

Well, only time will tell, for now. It’s hard to say what the actual reason behind the ban could be – is Twitch giving in to the pressure imposed by other streamers who are opposed to online gambling, or could there be legal repercussions down the line that could see Twitch fall through the gaps of unlicensed and uncensored content that may influence its viewers in a negative way?

The truth is (in our opinion, at least) that the streaming of casino content and gambling-related entertainment will continue as long as there are viewers to watch, and streamers to broadcast it. It might not happen on Twitch, but where there’s a will, there’s a way.

Now go ahead and enjoy some 5-star casino entertainment in our best casino games at Punt – you might as well have some fun amidst all this chaos.

Bitcoin Cash Casinos: They’re Worth the Hype (and Here’s Why)

October 4, 2022

Blog » Posts tagged "Crypto" (Page 5)

Bitcoin Cash Casinos – The Step-By-Step BCH Guide

Ever tried your hand at bitcoin cash betting before? Curious, but just don’t know where (or how) to get started? You’re in luck! Here at Punt, we love any excuse to put a good ol’ crypto gambling guide together. Plus, the more tools we can give you to get started on your bitcoin cash casino journey, the better.

Bitcoin Cash casinos are on the rise

Bitcoin cash casinos have a TON of pros, and, once you know what they are, it’s pretty clear why they’re in such demand.

Since the first crypto casino emerged in 2013, there’s been a steady stream of incredible crypto casinos that offer a plethora of perks that traditional online casinos just can’t match. And while we are not bashing online casinos as a whole, we need to give credit where credit is due. Let’s take a look at what the advantages of bitcoin cash casinos entail.

7 reasons why players prefer Bitcoin and Bitcoin Cash casinos

Withdrawals are processed much faster at bitcoin cash casinos than they are at casinos using fiat
There are absolutely no banking fees. Bitcoin is decentralized, which means there are no banks involved whatsoever
It’s a global currency – which means you can play from anywhere in the world
It’s counterfeit proof
Bitcoin cash makes use of secure cryptography to keep your digital assets safe
It’s anonymous
It prevents identity theft

Now that you’re familiar with the benefits of bitcoin cash betting (and there are tons more!), we’re sure you’re itching to know how to get started on your bitcoin cash casino journey.

In the next few paragraphs, we’ll give you a brief overview of the history of bitcoin cash, how to purchase bitcoin cash using a secure web wallet, and how to deposit bitcoin cash into your Punt Casino player account. Happy reading!

The History of Bitcoin Cash

The first decentralized digital currency (no banks involved) was bitcoin. Established in 2009, it has had a profound effect on the future of money, and has changed the way that we transact online – giving individuals more power, more anonymity, and has provided more transparency than government-produced money ever has.

The 2007 – 2009 global crisis saw a rise in the distrust of governments and banks, and subsequently an opportunity presented itself for a decentralized digital currency that removed any need for governmental or third party involvement. Upon bitcoin’s success, many altcoins followed over the years – with a whopping 19,000 other cryptocurrencies in circulation at the time of writing.

Where does Bitcoin Cash fit into all this?

We’re glad you asked! After the release of bitcoin in 2009, and many years of running smoothly, bitcoin hit a bit of a rough patch between 2016 and 2017, with its dominance in the market plummeting from 95% to 40%. However, the original vision of bitcoin still remained strong, and, in 2017, bitcoin cash was born. It accommodates a larger block size than bitcoin, which means that it allows more transactions in a single block, formulated as a solution for bitcoin’s scalability problem.

Where can I get Bitcoin Cash?

Everything is that much easier when you have Punt in your corner!

First, you’ll need to set up a web wallet

Getting bitcoin cash is easy – and you can purchase it from your preferred crypto exchange. We’ve done all of the research – and have a digital wallet recommendation – Coinbase. However, it’s totally up to you which crypto wallet you go with.

Buying and storing your Bitcoin Cash – How to create a crypto wallet

Coinbase is a trusted crypto wallet that is highly recommended by many in the cryptosphere. It’s a digital wallet that you will need to use to store your bitcoin cash, and to make deposits into your Punt Casino account.

Our crypto wallet recommendation – Coinbase

If you’ve never used a virtual wallet before, don’t stress. It’s really super easy, and it can be set up in mere minutes! Simply download the Coinbase app to your mobile phone, add your details, link your bank account (this is optional), and you’re good to go!

For alternative crypto wallet recommendations, click here.

How to buy Bitcoin Cash

Purchasing your bitcoin cash has never been easier! Here’s how to do it using Coinbase:

Sign up with Coinbase
Once your account has been verified, you’ll be able link your chosen payment method to your Coinbase account. Remember – to buy, sell, deposit and withdraw, you are required to link your bank account.
Now that you’ve added your payment method, you can purchase bitcoin cash! Simply click on the Buy option, and then enter the amount of USD worth of bitcoin cash you’d like to buy
Click Buy Now to confirm your transaction details and to finalize the purchase
For a comprehensive, step by step guide, click here.

Why Should I Gamble with Bitcoin Cash?

Honestly, why wouldn’t you? There are so many reasons to do it! Let’s take a look at the benefits of bitcoin gambling:

BCH casino transactions are fast

If you’ve gambled with crypto before, you’ll know just how fast deposits and withdrawals are. Deposits reflect instantly, and you’ll be able to cash out your wins in minutes. This is a massive improvement from the 1-3 business days that many fiat currencies pay out.

Bitcoin Cash gambling is cheaper

Another perk of playing at bitcoin casinos is the low fees! You pay zero bank fees (which add up), and you’ll never have to worry about Punt adding any extra fees to your transactions.

Bitcoin Cash casino betting is safe

All of your transactions are protected by cryptographic methods to keep data secure, and to ensure the safe transmission of your information. Plus, Punt Casino is fully encrypted with a 256-bit SSL Security certificate, which is an added layer of protection to ensure your peace of mind.

What are the best Bitcoin games?

Dragon Gaming, Fugaso, KA Gaming, Reevo, and Spribe – these are just some of the excellent software providers that power your favorite bitcoin cash games – with more coming your way very soon. The best bitcoin cash casinos such as Punt never compromise on game quality, and work tirelessly to bring you the most exhilarating titles that span categories such as slots, progressives, tables, and more!

Transacting at a Bitcoin Cash casino

Playing with bitcoin cash is über convenient, packed with perks, and super seamless! It’s low cost, and offers faster transactions – what’s not to love?! Plus, depositing bitcoin cash is incredibly easy – and we’ve included a basic breakdown below:

How can I deposit Bitcoin Cash?

Now that your Coinbase account is up and running, you’re all set to start depositing. Whoop! Here’s how:

In the casino:

Log in and navigate to the casino’s Cashier
Select Bitcoin Cash as your deposit option
Click Deposit
A QR code and crypto address will appear.
Scan the QR code, or copy the address link into your crypto wallet

On Coinbase:

Log in to your Coinbase account
Click Portfolio, select Bitcoin Cash, and click Send
A pop up will appear. Paste the crypto address from Punt into the pop up
Enter the amount you’d like to deposit
Click Continue
A seven-digit confirmation code will be sent to you via SMS. Enter this code and click Confirm
Once your deposit has been approved, you’ll be able to claim your welcome bonus, and can get started exploring the thousands of games at your disposal
Want a bitcoin bonus? You’ve got it!

As soon as you sign up at Punt Casino, you automatically become eligible to receive a jaw-dropping bitcoin bonus. Over your first three deposits, you’ll unlock a three-tiered welcome package: up to 6 BTC and a $25 Free Chip on our best slots.

Here’s how your Punt Casino Welcome Package works:

Make a first deposit of at least $10 and get a 125% bonus up to 3 BTC and a $25 Free Chip – use the bonus code POWERUPNEW to claim the bonus, and the bonus code UNLOCK25 to claim the Free Chip.
Make a second deposit of $20 and get 75% up to 1 BTC – use the bonus code POWERUP2 in the Cashier to claim.
Make a third deposit of $20 and get 75% up to 2 BTC – use the bonus code POWERUP3 in the Cashier to claim.

Happy Punting!

Tornado Cash Saga: Does This Mark the End of Privacy in Web3?

September 29, 2022

Tornado Cash Saga: Does This Mark the End of Privacy in Web3?

September 29, 2022

Blog » Posts tagged "Crypto" (Page 5)

What Is Tornado Cash and Why the Sanctions? We Explain

The crypto community may be divided when it comes to choosing the ideal blockchain or NFT collection. But if there’s one thing everyone agrees on without a second thought, it’s protecting privacy. It is the core ethos that led to creating the first blockchain and is now well adopted across the Web3 space.

Unfortunately, access to privacy is now being limited by the sanctions introduced by the US Treasury’s Office of Foreign Assets Control (OFAC) on Tornado Cash. Anyone who interacts with the platform or even receives cryptocurrency through the mixer will have their wallets banned.

On the other side, crypto supporters and industry leaders unite to argue Tornado Cash is a neutral software tool based on smart contracts. Further, the crypto community echoes the sentiment of the government misusing its authority by banning a software program, which is basically a code.

This brings us to an important question — can Web3 ever be censorship-free? To have a legitimate answer, we must first dive into why the OFAC took such a harsh stance and understand its impact on the wider crypto ecosystem. Before that, let’s quickly cover what Tornado Cash is and its inner workings.

What is Tornado Cash (TORN)

Founded in 2019 by Roman Semenov and Roman Storm (yes, that’s 2 Romans), Tornado Cash is an Ethereum-based mixing service for democratizing access to financial privacy. It was aimed to disrupt the digital trail left on blockchains.

When you do an on-chain transaction using a hot wallet (wallets connected to the internet), it is easier for third parties to track your crypto holdings and activity. To offset this breach of privacy, Tornado Cash provides a medium where users can deposit from one address and receive withdrawals to a different address.

Preserving the decentralized footprints, Tornado Cash also adopted a DAO model to distribute complete control back to the users. The core team decided to launch TORN tokens to allow community members to vote and make proposals.

Along with governance, Tornado decided to also have a mining facility, and that too came without compromising privacy. The Decentralized Autonomous Organization (DAO) came up with a mechanism where you can gain Anonymity Points for interacting with the protocol. And later, after collecting enough points, you get to exchange them with Tornado Cash (TON) tokens.

How does (or did) Tornado Cash work?

Tornado Cash adds a privacy layer for users to transfer Ethereum ERC-20 tokens by using shielded transactions that are essentially based on “zero-knowledge proofs”.

First, the user will deposit funds into Tornado Cash’s liquidity pool before receiving a secret key. When it’s time to withdraw, the key must be entered and a new wallet address must be generated to receive money. Ethereum is used as the primary transfer asset as other ERC-20 tokens can be censored and reveal the on-chain identity of users.

Tornado also suggested using VPN services to steer clear of third parties recording your browser history. Moreover, you have to delay your withdrawal for at least 24 hours. If you withdraw immediately after depositing, it becomes easier for on-chain trackers to establish a link and uncover your identity.

Why OFAC took such harsh action

Tornado cash has both positives and negatives. It can help you protect your financial privacy and allow you to transfer money without anyone watching over you. The most notable use-case of late has been donations. In fact, Ethereum co-founder, Vitalik Buterin, donated millions in ETH to Ukraine using Tornado Cash.

Sadly, the OFAC believes this upside is not enough to offset the damages facilitated by Tornado protocol. In the press release, the OFAC mentioned virtual currency mixers like Tornado are a national security threat. Further, their research concluded that $7 billion worth of crypto assets had been laundered since its inception in 2019.

The commentary continues by saying that the rise of crypto hacks has directly impacted the usage of mixers. In 2022 alone, DeFi hacks accounted for more than $1.5 billion in losses. The majority of money stolen in these hacks was flowing through Tornado.

For example, the Lazarus Group of hackers stole over $615 million from Axie Infinity’s Ronin blockchain and used Tornado to transfer nearly $455 million funds to somewhere outside the US. There were many more attackers looting protocols like Wormhole and Nomad Bridge and following similar cash-out plans.

OFAC felt Tornado Cash has not integrated “effective controls” to identify malicious actors and freeze their balances. They believe the hacks will continue in the uncharted crypto territories, and banning the usage of Tornado is the right way to protect US citizens.

While the ban was a gut punch to many privacy advocates, the ripple effect caused more worries for the crypto community. Soon after the sanctions were imposed, a developer working on Tornado Cash was arrested and sent to jail. Banning software is one thing, but arresting developers? That’s a whole new ball game.

This incident had developers building open-source projects worried (for good reason), and the community felt it was unfair for innovators to get arrested while criminals who used the software got away with zero punishment. You would be wrong if you thought this was the end of the Tornado saga. This ripple effect lasted much longer than one would think.

What happened next was straight-up DeFi chaos!

On the 8th of August, the OFAC started imposing sanctions, and on that same day, the global fintech company, Circle, froze $75,000 linked to 81 smart contract addresses. It immediately showed that almost every company would be willing to comply with the US Treasury and ban the addresses associated with Tornado Cash.

In the next few days, the Discord server and Github accounts of Tornado Cash developers were removed. It was more apparent for centralized companies to act faster and eliminate the digital footprint of Tornado Cash. But who knew the decentralized ones would also follow suit? However, Tornado Cash has recently been put back on Github.

Aave, Uniswap, and Oasis are some of the top DeFi protocols to block addresses on the front end that were previously associated with the smart contract of Tornado Cash.

This only requires user interface changes and not governance-level changes, so users can still access the protocol in a permissionless way by directly interacting with the blockchain.

Similarly, the infrastructure providers who fuel the development of Web3 also complied with the sanctions. Infura and Alchemy blocked Tornado Cash users from using their Ethereum API.

While we can still access various DeFi services, the problem arises when attackers start taking advantage of the situation. For example, one can easily create a fake front-end for Aave by doing DNS hijacking and draining funds from wallets. So the level of usability has gone down after introducing sanctions for many DeFi users.

The crypto community is concerned – to say the least!

The Tornado Cash ban indicated that the regulators could go to any length to install sanctions to make protocols work on their terms, ultimately killing the larger vision of decentralization.

With the recent Ethereum Merge, the crypto community is concerned that the validators of the PoS chain will introduce sanctions and reduce the degree of decentralization. Lido, Coinbase, Kraken, and Binance are some of the biggest validators who own more than 70% of the staked ETH on the Beacon Chain.

So if the regulators wanted OFAC-banned transactions to be removed, the companies wouldn’t have an option but to comply. This will lead to censorship on a block level. Further, if the users decide to have a separate chain that doesn’t follow OFAC rules, we may even see a fork take place.

While the uncertainty is still in the air, it will be incredibly difficult to filter transactions beyond the interface level and disempower innovators to build on top of blockchains, including OPAC-banned transactions.

What comes next?

The fight is not over without a battle. Many people felt OFAC imposing such harsh sanctions on technology was not warranted, and necessary legal steps had to be taken. Some individuals who have previously used Tornado Cash have filed a lawsuit to rise to the occasion.

And the surprise here is that Coinbase is funding the lawsuit. Crypto communities did not expect it because Coinbase could lose a giant chunk of its revenue if it didn’t comply with regulators on the staking business. We have to wait and watch the legal battles to see if Tornado Cash can make a comeback or not. It will take time, but as long as it’s a fight for privacy, it will be worth it.

Will DeFi ever be the same again?

The open finance movement is always evolving. Over the last two years, we witnessed parabolic growth in every aspect, including user growth, locked value, and technical capabilities.

We see rapid adoption right in front of our eyes. So it’s obvious that regulators will step in and try to introduce various consumer protection frameworks. As we are still in the early stages, the changes can seem counterproductive to the bigger goals of Web3. But, eventually, laws will adapt to favor the users and only eliminate bad actors – hopefully!

Anyway, on a lighter note, try out some of our crypto-friendly casino games – we’ve got everything you need to brighten up your day with a few eye-popping payouts ?

Ripple Gambling: All You Need to Know About XRP Casino Gaming

September 26, 2022

Ripple Gambling: All You Need to Know About XRP Casino Gaming

September 26, 2022

Blog » Posts tagged "Crypto" (Page 5)

XRP Casino Guide – How to Get Started With Ripple Gambling at Punt

So you want to get in on the Ripple gambling game? We don’t blame you – with all the advantages of crypto intact and more, who doesn’t want to send a few whopping wins rippling down the reels with this groundbreaking crypto?

The good news is that Punt Casino now accepts XRP as a payment method. The even better news is that you can take advantage of all the exciting benefits that XRP gambling offers, including huge casino bonuses, blockbuster casino games, and speedier transactions with lower fees. Sound good? Let’s see how good it really is.

What is Ripple XRP?

Before you kick off the Ripple betting action at Punt, it’s important to know that Ripple and XRP are actually 2 different things. Ripple is a real-time gross settlement (RTGS) system and payment processing service, whereas XRP is the native crypto token used to settle transactions on the XRP Ledger network. So XRP is to Ripple almost like Ether is to Ethereum – almost.

Ripple was initially designed as a replacement for SWIFT, one of the top payment processing services in the world, and to remove the settlement layer between major financial institutions. Ripple’s XRP token works differently from most others, as it doesn’t run on a traditional blockchain where validators need computing power to solve mathematical equations to verify a new block.

However, it does work similarly to a blockchain, as transactions are still processed by multiple nodes. This does not really make a big difference when it comes to Ripple gambling, but it’s good to know if you’re looking to do more with XRP than just gamble.

Also, XRP cannot be “mined” like other cryptos, as there is a set limit of 100 billion coins that will ever exist, which have already been “minted” and are released systematically. There are around 45 billion coins in circulation right now.

Ripple’s blockchain, the XRP Ledger (XRPL), uses the Ripple Protocol Consensus Algorithm to verify transactions on the network, instead of the traditional Proof of Work (PoW) or Proof of Stake (PoS) protocols – this DOES affect XRP gambling, as we’ll soon explain.

How are transactions verified on the Ripple network?

For a transaction to be verified on the XRPL network, all nodes (validators) must agree on the details and parameters of the transaction – almost like a vote. Once a consensus is reached by the nodes, the transaction is verified and settled.

This is why the Ripple network can process around 1,500 transactions per second, compared to Bitcoin’s 5-7 transactions per second and Ethereum’s 15 – that means instant deposits at Ripple casinos!

But is XRP still a real crypto? Well, it isn’t exactly seen as a “decentralized” currency – not in the same way as Bitcoin is, for example. The Ripple organization is able to decide which servers can access the network (to prevent fraud and malicious attacks), making it a sort of central authority in turn. But XRP still offers all the benefits of crypto, and with its lower transaction fees and almost instant verification time (3-4 seconds), Ripple gambling is definitely a way to go.

The history of Ripple XRP

Ripple was initially named Rippleplay and was founded by a Canadian software engineer, Ryan Fugger in 2004. That means Ripple is even older than the Bitcoin blockchain. But as we mentioned, Ripple is the company, and XRP is the crypto, so it doesn’t get the “genesis block” credit.

The original Rippleplay had nothing to do with crypto or blockchain technology at all. However, it did start with a similar vision – to create a secure and efficient way of sending funds between users around the world. Little did they know that XRP casino gaming would one day dominate the online gambling scene.

Eventually, Fugger wanted out and sold Rippleplay to 3 visionaries who planned to use it to create a digital currency network. Jed McCaleb, Arthur Britto, and David Schwartz purchased Rippleplay in 2012 and later named it OpenCoin.

The re-branding frenzy continues as OpenCoin was renamed to Ripple Labs in 2013 – a name still heard today, and changed again in 2015 to what we all now know as Ripple. The company received its BitLicense from the New York State Department of Financial Services in 2016, allowing it to operate with cryptocurrencies and create crypto projects legally in the United States.

Ripple is now one of the most popular cryptos among users around the world and offers some excellent perks when it comes to Ripple gambling. Want to know what they are? Then let’s finally move on to the good stuff.

Benefits of XRP gambling

Playing at Ripple casinos instead of traditional fiat currency casinos offers a few perks, most of which apply to cryptos in general. However, many of these benefits are slightly enhanced with Ripple, such as the transaction speed, for example. XRP casino deposits are virtually instant thanks to the network’s ability to process around 1,500 transactions per second.

And let’s not forget that XRP deposits at a Ripple casino come at a fraction of the cost that fiat currencies and even most other cryptos can offer, with a current fee of around $0.0002 per transaction on average – does that minuscule amount even exist?

One also cannot dispute the fact that XRP is a very stable and prominent crypto in the digital currency market, producing very high daily transaction rates. This shows that XRP is one of the favorites among crypto users, and you can’t argue with the masses.

XRP daily transactions 2021 | Source: CryptoCompare

The Ripple network is also very versatile. Not only can it process XRP transactions, but it can also be used for other fiat currencies and cryptocurrencies. And to top it all off, Ripple gambling generally offers bigger casino bonuses than traditional fiat casinos, which in our opinion, is one of the best perks of crypto gambling.

Ripple casino bonuses at Punt

If you’re wondering if you can claim all our casino bonuses at Punt by depositing XRP, the answer is yes – you can have them all! To start off, our Welcome Package offers bonuses up to the value of 6 BTC or the XRP equivalent over your first 3 deposits, and it goes like this:

1st Deposit – 125% Bonus up to 3 BTC or XRP equivalent and a $25 Free Chip ($10 minimum deposit in XRP to claim)
2nd Deposit – 75% bonus up to 1 BTC or XRP equivalent ($20 minimum deposit in XRP to claim)
3rd Deposit – 75% bonus up to 2 BTC or XRP equivalent ($20 minimum deposit in XRP to claim)

All these bonuses come with a 40x playthrough requirement and there’s no max cashout amount. That means you can take your XRP betting to the next level with more bonus funds popped into your bankroll than anywhere else.

But this is Punt, and we don’t stop you at the front door – we let you all the way in! This is why we also provide unbeatable Ripple gambling bonus offers and free spins top-ups on the regular. Our Promotions menu is crammed with value, and if you’ve signed up at Punt, it’s all yours for the taking.

You’ll find many online Ripple casinos out there, but the truth is, they’ve got nothing on us. Our bonuses and promotions offer some of the most attainable wagering requirements you’ll find, and we’ve maxed out the rewards so you can get the best value for money when spinning the reels and topping the tables at Punt.

What are the Best Ripple Casino Games?

Best XRP casino games? We’ve got plenty because, at Punt Casino, you can take your pick. All our casino games can be played after making an XRP deposit. Our games are supplied by some of the best creators in the world, with the likes of Fugaso, KA Gaming, Dragon Gaming, and many more top providers present on the menu.

With slots, table games, jackpot games, specialty games, crash games, and much, much more, our game menu brings shame to all other Ripple casinos on the web. You can also play them all using mobile devices such as smartphones or tablets – gambling on the go has never been this easy!

How and where can I get Ripple XRP?

Like any other major crypto, XRP can be purchased at many prominent crypto exchanges, which means you can start playing Ripple casino games with ease. Doing a little research to find a trusted crypto exchange is important, as you want to make sure that your information is safe and secure, and that your funds are protected at all times.

The easiest and most trusted way of purchasing XRP is at a major exchange such as Coinbase, Binance, or eToro, but there are many more such as Uphold, BitStamp, KuCoin, Kraken, and Huobi.

The next thing to consider before you start XRP gambling is how to store your crypto funds. You will need to create a new crypto wallet to manage and store your XRP tokens and make your crypto deposit to start playing our top XRP-friendly casino games at Punt.

How to deposit Ripple XRP and start playing

Deposit bitcoin and other cryptos at Punt is simple. But before you do, you’ll need to sign up with a Punt Casino account. All you need is a password and email address, and you’ll be ready to start Ripple betting on our reels and tables with the best games backing the fun.

You can use the deposit window in the Punt lobby to register and make your first deposit at the same time, and we’ve even thrown in the option to claim your welcome bonus, so this method of depositing XRP is highly recommended.

Alternatively, you can make an XRP deposit after registering by clicking on the “Deposit Now” button in the top-right corner of the screen after logging in to your account. If you want to deposit crypto for XRP gambling, remember to select the “Ripple” payment method when making your deposit.

Ripple gambling: key takeaways

Ripple is the company, XRP is the digital currency, and the XRP Ledger (XRPL) is the network.
Ripple’s XRP doesn’t run on a traditional blockchain that requires computing power to solve mathematical equations and verify transactions. Instead, validators must reach a consensus on the Ripple network for the transaction to be verified.
It can be purchased, sold, and traded on exchanges just like other cryptocurrencies can.
XRP cannot be “mined” like other cryptos. There is a maximum limit of 100 billion XRP tokens which have been pre-mined and are released systematically, with around 45 billion coins in circulation at the moment.
XRP offers one of the fastest transaction speeds out of all the cryptos at around 3 to 4 seconds (perfect for depositing at Ripple casinos), with the network processing around 1,500 transactions per second.
Deposits at an XRP casino are extremely cheap, currently sitting at around $0.0002 per transaction on average.
Ripple betting offers all the benefits of crypto gambling, such as faster, safer, cheaper, and anonymous transactions.

Get started with Ripple gambling at Punt Casino

If you’re looking for the best Ripple casino games, bonuses and promotions, and overall gaming experience, look no further than Punt Casino. All our games can be played to win real money by simply depositing XRP using our quick and easy deposit method. Time to take advantage of XRP gambling at Punt, so reload that account, snatch your Welcome Package, and get ready to Ripple!

Crypto Wallet Guide: How to Create a Crypto Digital Wallet

September 25, 2022

Crypto Wallet Guide: How to Create a Crypto Digital Wallet

September 25, 2022

Blog » Posts tagged "Crypto" (Page 5)

Learn How to Secure Your Crypto With Our All-Inclusive Crypto Wallet Guide

How and where do you store crypto? Crypto wallets are the answer. These digital purses are where you will, ideally, store the cryptocurrency you buy, and if you’re playing casino games at Punt, store those big-money crypto wins.

Given that crypto wallets form such an integral part of your crypto experience, from staking coins to engaging with DeFi and NFTs – not to mention depositing cryptos to play online, it’s important to know what variations of crypto wallets there are, the differences between them, and how to set them up.

This crypto wallet guide will break down what kind of crypto wallets are out there and what you can expect when getting started. Now let’s show you how to set one up and fill your newly-created wallet with a whole bunch of crypto payouts at Punt.

What is a Crypto Wallet?

Before we begin with this crypto wallet guide, it’s important to know that your coins are never actually ‘in’ your wallet, not in the same way that cash is. Moreover, when cryptocurrency is sent to you, it is sent to a part of the blockchain that only you can access, with the wallet being the gateway to that specific part.

This means that if you ever lose access to your wallet, or the wallet itself, you haven’t actually lost the coins, merely your access to them – let’s see traditional cash wallets pull THAT on off!

You can simply get a new wallet, import the details, and voila – you have your coins back. It is also important to remember that crypto wallets can hold many different types of cryptos at once.

Before we compare crypto wallets, we need to cover some very important terms that define what type of wallets there are.

Types of crypto wallets

There are three main types of crypto wallets – software wallets, paper wallets, and hardware wallets. However, we discourage the use of paper wallets (this ins’t the 90’s anymore) and suggest you go for either a hot wallet or a cold wallet.

Both of these options can be used for online gambling, but it’s important to know the features and characteristics of each. Before we continue, here’s a quick explanation from the top crypto exchange in the world, Binance.

Software wallets / hot wallets

To recap, these crypto wallets take the form of a cryptocurrency wallet app on your phone, computer, or web browser. They are also referred to as ‘hot wallets’ because they are connected to the internet. Software wallets are less secure but more practical than hardware wallets – but don’t get us wrong, for crypto gambling, these will do just fine.

Hardware wallets

These are physical devices, generally in the form of a USB stick, that offer better protection for your assets. This is because they are stored offline and are only connected to the internet when the owner performs a task such as sending coins. To this end, they are also referred to as “cold wallets”, and are less practical but more secure than software wallets.

Custodial and non-custodial wallets

Something else you need to know before choosing between the different types of crypto wallets, is how the coins will be stored. Wallets can either be custodial or non-custodial, so let’s take a look.

Custodial wallets

These are wallets where the wallet maker holds your coins in its own pools, commingling them with other customers’ funds and only taking them out again when you want to withdraw them. This is very similar to holding them on an exchange and means that you are relying on the security of the wallet maker as well as your device to protect your coins.

Non-custodial wallets

These wallets allow you full control over your coins. You are given a private key that is essentially a master password to the contents of your wallet, meaning the safety of the coins is entirely down to you.

With those important terms in mind, let’s crack on with our crypto wallet guide and compare crypto wallets.

Software wallets

With software wallets coming in all different shapes and sizes and on multiple platforms, the process for setting them up, in most cases, is slightly different for each type. However, the ethos is broadly the same, so in this crypto wallet guide, we can look at them as a collective.

The most popular type of software wallet these days is a mobile crypto wallet app, with dozens of products available to choose from. Many of them don’t cost anything upfront, essentially giving you a free crypto wallet, although many make the cost back in transaction fees.

Installing a software wallet

Assuming you have done your research and chosen the right cryptocurrency software wallet suited for your needs, making sure you download the wallet from an official website or your device’s app is important

The first step will be to see if you need to register and prove your identity. Some software wallets, such as NearPay, will need you to register and confirm your identity through a KYC process before you can start using them.

This will begin the moment you run the wallet application, with government-issued identification required as well as a selfie, so be prepared for that.

If you don’t need to register, as is the case with popular software wallets such as Metamask and Trust Wallet, your wallet will be live as soon as you’ve created it. You can then begin sending and receiving coins right away – that means you can make a deposit using our quick and easy deposit window almost instantly at Punt!

Some non-custodial software wallets will supply your private key or a multi-word passphrase which you should definitely write down and keep very safe and secure. Others will produce it if you request it in the app. If you lose your phone, accidentally delete the wallet, or otherwise lose access to it, you can bring the wallet back to life with this magical passphrase code.

Using a software wallet

Receiving your first crypto is very easy with a software wallet. Simply head to the “Account Details” section, find the coin you want to deposit, and hit “Deposit”. This will give you the choice between a long alphanumeric code or a QR code, depending on how you are sending the coins.

Choose the most appropriate sending method for you, follow the instructions on the platform you’re sending from, and the coins will arrive as quickly as the blockchain allows. The process is similar for sending coins – click ‘send’, enter the address or scan the QR code of the recipient, confirm, and away they go.

Securing a software wallet

There aren’t that many steps you can take to keep your cryptocurrency wallet app more secure than it already is. Obviously, you should never reveal your private key or passphrase to anyone, and ensure you have all the protection features the wallet offers (2FA, fingerprint, withdrawal confirmation, etc.). Other than that, a cryptocurrency software wallet is only as secure as the device on which it is installed.

Hardware wallets

A hardware crypto digital wallet takes a little more setting up, and using them takes a little more work. However, they are more secure. In this crypto wallet guide, we’ll cover the process required by the most common types of hardware wallets.

Installing a hardware wallet

Once you have bought and unboxed your hardware wallet, you’ll need to make it ‘live’. The instructions for doing this will be included in the box, and some of the newer models even allow you to carry out the setup online. Older models will require everything to be done on the device initially, using buttons or a touch screen.

The first step will be to record your private key. Again, note this down and keep it very safe, along with any other passwords you are asked to create. You will be asked to provide the password each time you want to use the device, but NEVER the private key.

No legitimate app, platform, or program, will ever ask for your private key, not even the wallet maker – remember that!

Using a hardware wallet

Once this basic setup is done, you will be asked which coins you wish to send to your wallet. This is because you need to install apps for each coin on the device so you can receive and store them. Thankfully this process is easy and is done online, usually through a dedicated program.

Once you’ve chosen a few coins, the process for depositing is very similar to software wallets – in the program, select ‘deposit’, select the address or QR code, send the funds, and await their arrival.

Sending coins is a little different, and proves why a hardware crypto digital wallet is more secure. Once you enter the address to send your coins, you will have to physically confirm the transaction on the device before the coins will be sent. This is to make sure that coins can’t be sent from your wallet remotely.

Securing a hardware wallet

When you’re not using a hardware wallet, disconnect it from your computer and store it somewhere very safe. Remember, if someone steals your hardware wallet, they can’t use it without the password. They also can’t send any coins from your wallet without having physical access to the device and ensuring that it is connected to the internet.

Conclusion

As this crypto wallet guide has shown, setting up and securing the different types of crypto digital wallets that exist is largely a straightforward process these days, meaning that the only tricky thing is deciding which to use.

Many people make use of both – having the core of their holdings on a hardware wallet and keeping a little on a cryptocurrency wallet app or hot wallet for regular use. This approach is probably the best balance for most users, but of course, only YOU know which is the right option for YOU.

We hope you found this article helpful, and once you’ve set up your wallet and you’re ready to make your first deposit and start playing our epic casino games at Punt, don’t forget to claim your 6 BTC and $25 Free Chip Welcome Package – that should get your wallet filled in no time!

USDT Gambling: 5 Reasons You Should Gamble with Tether

September 24, 2022

USDT Gambling: 5 Reasons You Should Gamble with Tether

September 24, 2022

Blog » Posts tagged "Crypto" (Page 5)

USDT Gambling Lets You Win Big at Punt Casino

Unless you’ve been living under a rock (apologies if you have!), you’ll know that cryptocurrencies have seen major adoption across the globe.

As a result, crypto has become an acceptable method for exchange and payments for multiple organizations, including right here at Punt Casino.

Among the thousands of cryptocurrencies that exist today, Tether (USDT) is becoming an increasingly popular choice. Reason being that it is reliable, safe, and convenient, even if it has experienced a little controversy over the years.

In this article, we are putting our cards on the table when it comes to USDT. Here are five reasons why Tether is your best bet for crypto gambling transactions and playing casino games at Punt.

Why Should You Gamble with USDT?

While there are far more popular cryptocurrencies — and good old fiat — many gamblers still prefer Tether instead, and it’s easy to see why due to availability But, accessibility and availability isn’t the be all to end all when it comes to your gambling currency of choice.

Fast transaction processing speed

This is the foremost criterion that sets Tether apart.

Unlike traditional fiat, which could be subject to organizational lapses, bureaucratic restrictions, and network downtimes, getting USDT into your casino account takes just seconds.

With Tether and most cryptocurrencies, you do not have to rely on third-party organizations to process your transactions. This ensures that you enjoy faster transactions with lesser fees – it’s a win-win! Plus, you can use our handy deposit window in the Punt Casino lobby to register, make your first Tether deposit, and claim your 3-stage welcome package of up to 6 BTC (or USDT equivalent) to get started right away!

Additionally, in certain countries, the speed of debit or credit card transactions depends on banks’ operating hours, as money transfers have to be approved at different levels by different parties. In our experience, it can be pretty slow.

With USDT, your funds are accessible round the clock, as the crypto markets never sleep. Also, transactions are processed on the blockchain at breathtaking speed, meaning you don’t need multi-party approvals or regulatory checks before transacting.

Reliable security

Using USDT for your online gambling is safer than most cryptos, as the stablecoin is backed by real assets owned by Tether.

As we saw in May with Terra USD (UST), certain stablecoins issued by some protocols are susceptible to collapse, de-pegging, or hacks. With Tether, you are gambling using one of the most backed and most popular coins in crypto, meaning that the proceeds from your wins are – as the British would say – as safe as houses.

Compared to fiat, gambling with cryptocurrencies like USDT eliminates the risk of data theft in case of a personal attack. This is because you do not have to provide important information to transact using USDT.

Stable value

One key drawback of cryptocurrencies that can’t be overlooked is price volatility. With cryptos like BTC, the proceeds from your gambling wins may be eroded with dips in price, such as we have seen over the last few months.

With the ongoing chaos and the bearish sentiment in the markets, it would be wise to opt for a more stable option, and as far as stability goes, it doesn’t get more stable than USDT.

Tether (USDT) is one of the most popular stablecoins. It is backed by (and pegged 1:1 to) the US Dollar, so you do not have to worry about fluctuating prices, as the Dollar is one of the most stable currencies in the world.

So, while you may worry about fluctuation in the prices of other cryptocurrencies, that of USDT remains fixed over time.

Gambling Rewards

Gambling with cryptocurrencies like Tether lets you enjoy several bonuses and rewards – bonuses and rewards that you won’t get elsewhere.

Many online casinos (like Punt Casino, of course!) use bonuses, promotions, and loyalty programs to attract online gamblers into using cryptos for gambling.

Casinos that allow crypto gambling are especially generous, as they offer amazing rewards and mind-blowing promotions that usually do not apply to gamblers who use fiat for their crypto transactions.

A Wide Range of Games to Choose From

There is a wide range of games available to you when you play using Tether, especially at Punt Casino. You can enjoy our games, ranging from online slots to table games down to more skill-based games such as blackjack and roulette.

Kicking open the door to the biggest and best casino action, USDT can be your ticket to life-changing jackpots.

How to Gamble with Tether on Punt Casino

Getting started with gambling with Tether should not be difficult. In fact, it is super easy!

To begin your USDT journey, just follow these steps:

Step 1 – Open a cryptocurrency wallet

For a list of the best wallet options for you, check this list. A crypto wallet is a digital tool wherein you store and manage your crypto assets. Through your crypto wallet, you can access your crypto, send it to others and receive crypto.

Wallets are great for transacting at Punt Casino, as they are what replace the accounts you would use in a fiat transaction.

Once you’ve chosen a preferred wallet, you can read this guide on how to set up a crypto wallet.

Step 2 – Buy USDT

Buy the USDT coins you intend to use for gambling via any crypto exchange of your choice. Don’t worry, it’s a super simple process that your chosen wallet or exchange should make clear to you.

Step 3 – Pick a casino of your choice

There are thousands of casinos out there, but Punt Casino remains a great choice. If you’re new, you can create a player account here (it will only take a few minutes). Plus, you’ll get to grab yourself up to 6 BTC (or Tether equivalent) and a $25 Free Chip when joining the world’s top-ranking crypto casino!

Step 4 – Deposit

Now that you have chosen your wallet, purchased your USDT coins, and signed up at a casino (preferably Punt Casino), it is now time to deposit. Usually, a casino offers you a welcome bonus (which you may decline, your choice!).

At Punt Casino, we offer you a generous bonus of up to 6 BTC and a $25 Free Chip to get your started. Don’t say we don’t treat you!

Should you gamble with Tether?

The answer to that is a resounding yes!

This stablecoin has proven to be one of the most reliable and effective digital assets to use for online gambling.

In addition to the stable value it offers, its utility as a currency with fast transaction times, as well as the numerous available games makes it a no-brainer for online casino gambling.

What’s more, it offers the best of both fiat and crypto, combining what both have to offer, while eliminating their drawbacks. Gamble with USDT now and enjoy your favorite games while winning amazing prizes with Punt Casino!

How to use Coindraw at Punt for instant crypto withdrawals.

What Is Coindraw? Your Ticket to Lightning Withdrawals at Punt

September 23, 2022

What Is Coindraw? Your Ticket to Lightning Withdrawals at Punt

September 23, 2022

Blog » Posts tagged "Crypto" (Page 5)

How to Use Coindraw for Faster Crypto Withdrawals at Punt

If there’s one outstanding benefit to using crypto for playing online casino games other than cheaper transactions and increased security, it’s the speedy deposits and withdrawals. But now, thanks to the Coindraw crypto withdrawal system, they’re even faster.

But what is Coindraw exactly, how does it work, and how can this revolutionary Bitcoin withdrawal method benefit the player? Let us explain.

What exactly is Coindraw and how does it work?

Let’s start with the basics. At Punt Casino, there are 2 withdrawal methods. You can cash out using the regular Bitcoin withdrawal method, which usually takes about a day to be paid out as all transactions are verified by actual humans – yes, real people, just like you.

Then there is the option to use the Coindraw wallet withdrawal option. It’s an in-house payment system that could deliver your crypto winnings within 3 minutes – yes, 3 minutes, people. This means you can pocket those winnings from our new and improved Welcome Package at lightning speed.

Claim Now

Not only will it deliver your winnings faster than before, but it will also make your withdrawal process a little easier. When requesting your withdrawal in the cashier menu, the option to withdraw funds using the Coindraw crypto option will appear below. However, you’ll need to meet the withdrawal requirements to be eligible for this payment method.

Coindraw crypto withdrawal requirements:

To qualify for a Coindraw Bitcoin withdrawal, there are a few requirements that need to be met first. As we mentioned, this withdrawal option will appear when requesting your cashout. But if the requirements are not met, you won’t be able to use it. So, what is Coindraw calling for when it comes to withdrawal requirements? Let’s take a look.

Your last 3 transactions must have been made using crypto. However, since this is Punt, and crypto is the name of the game – that should be an easy one.
Your deposits over the last 6 months must total at least $100 or more.
If your last transaction was claiming a free chip or no-deposit bonus, the Coindraw wallet withdrawal option will not be available.
Playthrough requirements on bonus funds must first be met before requesting Coindraw Bitcoin or other crypto withdrawals.

Here’s an example of what your crypto cashout could look like when requesting your withdrawal in the Cashier menu using the Coindraw payment method:

Are there withdrawal limits?

Withdrawal limits generally apply to all withdrawal methods no matter where you play. Fortunately, the withdrawal limits for Coindraw Bitcoin withdrawals and other cryptos are more than reasonable, and leave enough room to cash out those hefty wins from our payout-packed slots and table games at Punt.

More Games

Every player is entitled to 3 Coindraw wallet withdrawals over a 7-day period (168 hours). The maximum withdrawal amount per transaction is $1,500, which means you can cash out up to $4,500 over 7 days.

You will also need an active Bitcoin wallet, so make sure you’ve set one up before playing at Punt (you’ll need it for deposits too). As for topping up your account, if you don’t know where or how to purchase your crypto, our handy Bitcoin Guide has that covered too.

Take advantage of speedier withdrawals at Punt Casino

The days of waiting for your casino withdrawals to reflect in your wallet are over. Using the Coindraw crypto withdrawal method at Punt is the fastest way to receive your funds than anywhere else – just another way we’re changing the game for the better at Punt.

Coindraw FAQ

What is Coindraw?

It’s an in-house crypto payment system that can be used at Punt Casino and many other casino brands from the same group. All regular crypto withdrawals are first analyzed and approved by operators from the casino, but Coindraw’s automatic payment system streamlines the process and makes it much faster . It can speed up your withdrawals when cashing out your winnings from Punt Casino.

How does Coindraw work?

When requesting your withdrawal in the Cashier menu, the Coindraw crypto withdrawal option will appear as a payment method along with the regular Bitcoin payment method. This option can only be used if you meet the requirements mentioned in the guide above, and will allow you to withdraw your funds faster than using the regular payment methods.

Simply select the Coindraw option provided, insert your withdrawal amount, and provide your wallet receiving address. You must have an active Bitcoin Wallet if you want to cash out using the Coindraw Bitcoin or other crypto payment method.

Where do I sign up for a Coindraw casino withdrawal?

Right here, at Punt Casino. If you’re looking to withdraw funds at lightning speed using Coindraw Bitcoin withdrawals, sign up with Punt Casino and start winning big on our massive selection of mega-money jackpot slots today.