How to Buy Crypto

There’s a big problem with the majority of crypto casino review sites. They wrongly assume that everyone knows how to deposit crypto. We’re here to show you how to do it, with a step-by-step guide (including pictures) that even beginners can follow.

Why You Should Buy Crypto

Buying crypto is an essential step if you want access to all the best online crypto casinos.

It’s true that some accept both fiat and crypto. For the uninitiated, ‘fiat’ basically means normal (or traditional) money such as GBP, USD and EUR.

However, there are hundreds of excellent crypto casinos which exclusively deal in crypto. If you aren’t willing to change funds from fiat to crypto, you’re cutting off a massive portion of casinos right away.

The Future of Casinos

It’s not just that, either. Crypto is being touted as the future currency of all casino gaming, and it’s easy to see why.

• Instant withdrawals. When you cash out, it happens right away. Well, almost right away. You’ll need to wait for it to be confirmed on the blockchain. But this takes minutes, rather than days.
• Transparent results. The addition of provably fair titles is a game-changer. Even if you’re not super tech-savvy, you can learn how to look up the randomness of results quite easily. No more blind reliance on these casinos just promising everything is fair.
• Traceable transactions. As much as people associate crypto with anonymity, it’s actually incredibly easy to trace any transaction from one wallet to another. This means you can check out a casino’s history before deciding to invest, and make sure they pay players on time.

How to Buy Crypto: Step-by-Step Guide

We’re going to assume most of you who are still reading are either looking to make your first-ever crypto deposit, or that it’s been long enough that you’re a little rusty, and want to go through the basics again.

With this in mind, our guide on how to buy crypto will use Coinbase as an example. This is a really simple app (and website) which is aimed at beginners. The fees are a little higher than some exchanges, but it’s worth it at first in order to use such a safe, straightforward system.

By the way, we don’t earn a penny if you sign up to Coinbase. We’ve simply chosen these guys because we think they make a good choice for beginners. We do make a little commission when you join a crypto casino through us, though. So, if you appreciate this guide on buying bitcoin, we’d love if you signed up to a site through one of our crypto casino reviews.

We’ve also had to blur out a couple of sections on our screenshots, to make sure no swindlers get their grubby paws on the Moonshot Slots millions. Or thousands, as it were. These are legit instructions from our own experience – nothing generic here.

Enough talk – let’s get stuck into a step-by-step guide on how to buy crypto.

1. Sign up to Coinbase. You can do this through the website, or by downloading the app. We’d recommend the app, but it depends on which one you’re going to use most. For this guide, we’ll assume you’re using the Coinbase app.
2. Open the app. Here, you’ll see an overview of your portfolio, which includes all the coins you currently own and their value in your local currency.
3. Tap ‘Buy & Sell’. This will open a small menu of options at the bottom of your screen.
4. Choose a coin. Next, you’ll see a list of coins. The top few spots represent those which are most commonly used, such as bitcoin and ethereum. You can also type the name of your coin into the search bar. When you’ve found it, tap it.
5. Input your total. At this stage, you need to choose how much to deposit. You’ll automatically be on the ‘Buy’ tab, but double check just in case. You can enter the amount in your local currency, or the total number of coins. Use the small double-arrow symbol to flick between the two.
6. Choose payment method. To buy a crypto, you need to deposit some fiat funds. Choose the payment method which suits you from the list provided, such as a debit card or Apple Pay.
7. Click ‘Review Order’. This is the penultimate step before you confirm your buy. It’ll show you how much you’re paying for the coins, how much you’ll pay in fees, and how much you’ll receive.
8. Take extra steps, if needed. If you’ve gone for a bank transfer, for example, you’ll be given bank details and told to manually transfer the funds afterwards. Some deposit methods will simply skip this step.
9. Click ‘Buy Now’. Hit this button, then wait for the confirmation email. Your funds will often be ready within a couple of minutes, at which point they’ll show up in your account overview.

Other Ways to Buy Crypto

Our example walks you through the steps of how to buy crypto using Coinbase, but there are many other ways to get the funds you need to play for real money at crypto casinos.

Here are some other ways to buy crypto.

• At a full-blown crypto exchange. If you feel ready to face all those scary graphs and limit buys, you can join a more advanced crypto exchange such as Binance. It’ll give you more freedom and usually lower fees, but requires a bit more experience to make sure you don’t mess up.
• Through a crypto casino. As you’ll have seen in a bunch of our crypto casino reviews, many sites let you buy crypto straight through the cashier. A lot of the time, this will redirect you to a third-party site such as MoonPay – so it’s kind of through them, but not really.
• Via your wallet. Depending on the wallet you use to store your crypto coins, there may be an option to top up directly. For example, MetaMask was originally created just for the storage of coins, but later added a feature which allows you to buy certain coins and have them deposited right into your wallet with no faffing around.

How to Stay Safe When Buying Crypto

It’s really important to take precautions when buying crypto. But this is also true of regular online banking. Because we’re so used to it, it feels safe. Once you’ve used crypto long enough, it should be a similar experience.

Our experts have put together a few simple tips to stay safe when making a deposit for a crypto casino. Stick to these – even when you’re more experienced – and your funds will thank you.

• Double check EVERYTHING. The strings of code used for crypto, like the one for your wallet, are really long. It can be tempting not to bother checking these thoroughly, but make sure you do. If you enter the wrong wallet address, or use the wrong network, your funds can get tied up or even lost entirely. It’s worth the extra few minutes to double check things.
• Only use official links. Don’t use links from sources like Reddit users or random tweets. Instead, only follow the official website or a very trusted source. You don’t want to open a link and have your crypto passwords compromised.
• Store your coins safely. The easiest option is to leave your coins in the cashier of a crypto casino, but it’s not the best one. The safest way to store your coins is in cold storage. Failing that, you should at least have your own digital wallet set up.
• Print out passwords. It’s really tempting to just take a photo of your seed phrase and leave it at that. But what if your iCloud is hacked? Or you lose your phone? Instead, either print it out or write it out manually, then store it in a safe place that nobody knows about.
• Keep track in a portfolio. What starts as a single purchase can quickly build up over time to a complex web of transactions. To keep an eye on your funds, add them to an online portfolio like CoinGecko. You can add in the exact number of coins you own and it’ll show you the running total value in your local currency.

Choosing the Right Cryptocurrency

There’s no one-size-fits-all answer when you’re looking for the best crypto casino currency. Bitcoin is an obvious starting point, as it’s the most widely used and therefore works at a high number of online crypto casinos.

But there are drawbacks to bitcoin which other tokens can overcome. For example, the bitcoin network can become slow and congested at times. This is especially true if the price is tumbling, and lots of people are trying to sell. It leads to a high number of transactions all happening at once, which slows down the process.

There are different fees to consider, too. Some networks are much cheaper than others – almost free – while others can cost you upwards of £50 per transaction at peak times. To tackle this, it’s a smart move to have several different coins at once, rather than putting all your eggs in one basket.

Here are some of the top coins you can use at online crypto casinos.

• Bitcoin (BTC). The original, the G.O.A.T, Big Daddy B (to close friends and family). This is a good choice for beginners who want one coin which can be used at a wide range of crypto casinos.
• Ethereum (ETH). The slightly younger, edgier sibling of BTC. It’s not the newest kid on the block, but has more versatility and is usually cheaper to move around.
• Dogecoin (DOGE). We don’t want to promote this out-of-control meme coin, but it’s just too powerful at this stage. The Elon Musk-promoted token is widely used at many crypto casinos.
• Ripple (XRP). A fast and reliable option, Ripple has some solid relationships in place with banks around the world, having overcome its own lawsuit with the US Securities and Exchange Commission (SEC). This places it in a pretty sweet position for the future, as it seems unlikely that any governments will crack down on XRP again.
• Tether (USDT). One example of a common stablecoin, with its value tied to the US dollar. In theory, this means it’s less likely to jump up or shoot down in price. It’s worth noting USDT in particular has been removed from many exchanges around Europe, but there are plenty more stablecoins out there.

Where to Store Your Crypto

You have a few options when storing your crypto. Here are the main ones.

• Digital wallet. You can create an online wallet in minutes, for free, and keep your coins there. Only you will have access to this wallet.
• Crypto casino. If you prefer, you can simply leave your coins in the crypto casino. But, if anything happens to the site, your coins will be at risk.
• Cold storage. If you want extra brownie points, you can store your coins offline using special hardware.

You can find out more in our guide on how to store crypto.