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Best Bitcoin Wallet for Online Gambling in 2022: Top 5
June 16, 2022
Best Bitcoin Wallet for Online Gambling in 2022: Top 5
June 16, 2022
The Best Bitcoin Wallet for Online Gambling? Here Are the Top 5!
Have you been wondering what the best bitcoin wallet for online gambling is? Well, so have we. So much so that we’ve put them all to the test to see which bitcoin wallet trumps the rest – here are the top 5 best of the best!
What is a bitcoin wallet?
A bitcoin wallet is either a digital or physical tool used to store and manage your cryptocurrency. It doesn’t actually store your bitcoin, per se, but rather your private and public keys used to access, send, or receive your crypto funds.
There are 2 main types of bitcoin wallet for gambling:
Hot Wallets / Digital Wallets
A hot wallet is any type of crypto wallet that comes in a digital form, for example, mobile apps, desktop apps, or web wallets, which are accessed directly from a desktop or mobile device. Most of these wallets are free to use and are generally very user-friendly, making them perfect for an on-the-go bitcoin gambling wallet.
However, these are not always the safest option, as they do require internet access, and along with the internet, comes its long-fingered hackers. But as a bitcoin gamblers wallet, these will do just fine – if you’re not gambling with your house or life savings, that is – don’t you ever!
Cold Wallets / Hardware Wallets
Cold wallets, or hardware wallets, are physical devices, many of which resemble a USB flash drive, that store your private and public keys securely without connecting to the internet. This is not the easiest route to take and not necessarily the best bitcoin wallet for online gambling, but it’s certainly the safest.
Why use a bitcoin wallet for gambling?
If you’re a Punt Casino player, then you already know that gambling with bitcoin and other cryptos gives you many benefits, including faster, safer, and cheaper deposits and withdrawals.
But to make use of these benefits, you’ll need a bitcoin gambling wallet to store your crypto and receive your winnings after scoring big in our best online casino games.
Pro Tip
Always send your cryptocurrency from a private crypto wallet instead of directly from the exchange. Many online bitcoin exchanges have strict policies regarding online gambling, and may suspend your account as a result.
Best bitcoin wallet for online gambling – top 5
Okay, now for the moment you’ve been waiting for – the best crypto gambling wallet top 5 list! Now you may be wondering if we have gone for hot wallets, or cold wallets, but the answer is both. We’ve also chosen wallets that are compatible with all our accepted cryptos at Punt.
If you’re using a bitcoin wallet for gambling only, then a hot wallet should do just fine. But if you’re storing larger amounts of crypto and you’re familiar with how cold wallets work, then both hardware wallets mentioned below would make a great gamblers wallet.
Top Hot Wallets / Software Wallets
Trust Wallet
Trust Wallet is one of the most convenient and user-friendly crypto wallets on the market, making it a perfect bitcoin gambling wallet. It supports over 1 million cryptos, and you can buy and sell cryptos and NFTs directly from the wallet app. Plus, it also allows you to access various DApps (Decentralized Applications) directly from the Trust Wallet app.
You can download the open-source, decentralized mobile app for free from iStore or Google Play to start depositing your cryptos right away. And if you’re into sports, Trust Wallet is also one of the best bitcoin wallet for sports betting.
Guarda Wallet
The Guarda Wallet supports over 50 blockchains and 400,000+ digital assets and it’s totally free to use and can be downloaded from both iStore and Google Play for mobile devices, but it comes in a desktop version too.
Guarda is known for its high-security levels and excellent customer service. You can stake, earn, exchange, and buy thousands of digital assets on the platform, and it’s also compatible with cold storage devices. So if you’re looking for the best bitcoin wallet for online gambling, Guarda Wallet has you covered.
Electrum Wallet
Electrum Wallet is a non-custodial crypto wallet, which means you have total control over your private keys. This open-source wallet has been around for over a decade and has been popular among crypto users because there are no KYC (know Your Customer) requirements, which allows higher levels of privacy.
The wallet can be downloaded for free on both mobile and desktop devices, and it’s also compatible with hardware wallets for increased cold storage security. The user interface is not as user-friendly as the other apps, but once you get the hang of it, Electrum makes for a great gambling wallet.
Top Cold Wallets/Hardware Wallets
Trezor Model T
It’s not exactly the cheapest option when it comes to hardware wallets, but the Trezor Model T is one of the best cold storage devices you can get. Using a hardware bitcoin wallet for gambling is also not the most practical, but if you’re storing a lot of crypto, the Trezor is what you need. You can also go for the cheaper Model One, but it offers less features and coin compatibility.
The Model T has a USB Type-C connector making it easier to connect to both desktop and mobile devices. It also has a MicroSD card slot that can be used to encrypt the pin.
Plus, the onboard touchscreen means you won’t have to enter sensitive information with your phone or desktop, as it can all be done directly on the device. It’s not necessarily the best bitcoin wallet for online gambling, but its security features are unparalleled when it comes to cold storage.
Ledger Nano X
The Ledger Nano X is one of the most popular crypto hardware wallets on the market and comes with a price tag over $100 shy of the Trezor Model T. If you’re choosing to go with a hardware bitcoin gambling wallet, the Ledger Nano X is probably the best choice. The Nano X is sleek, easier to use, and even comes with Bluetooth functionality.
It also seems to have better compatibility with online wallets and exchanges than most of its competitors. It does not have a touch screen like the Trezor, but still offers an LCD screen with buttons to perform actions.
With its slick design, wireless connectivity, and increased security, the Nano X is the best bitcoin wallet for sports betting and online gambling if you’re leaning toward a hardware wallet.
Fill your wallet at Punt today!
So, what’s the best bitcoin wallet for online gambling? We’ve given our two cents, and we’re leaving the rest up to you. The top 5 bitcoin gambling wallet options mentioned above are all outstanding, and you would do well choosing any 1 of them. Now bulk up your wallet and start winning big in our best crypto casino games at Punt today – don’t forget to claim your bonus!
