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Crypto Espresso – The Top Crypto News Weekly at Punt Casino!

March 20, 2023

Crypto Espresso – The Top Crypto News Weekly at Punt Casino!

March 20, 2023

Blog » Posts tagged "Crypto"

What is Changelly?

Changelly is the future of crypto casino banking. It is a non-custodial cryptocurrency exchange that acts as an intermediary between top crypto exchanges and the user. Changelly allows you to buy crypto online using a credit card, with over 500+ cryptocurrencies available at some of the best rates the market has to offer.

Changelly aims to create a seamless and effortless way for users to purchase crypto online – cutting out the need to register with various crypto exchanges and putting all you need in 1 place. And now, this exciting crypto casino exchange can help YOU take advantage of all the benefits of bitcoin gambling at Punt, and it’s super easy to use.

How to buy crypto using Changelly at Punt Casino

If you don’t want to use the regular crypto deposit option at Punt, then using Changelly to buy cryptocurrency with a credit card is the answer. The option is located in the Cashier menu when making your deposit. All you need to do is select your deposit amount and choose Changelly as your deposit method before proceeding.

Deposit Now

Once you’ve selected Changely as your deposit option and chosen your preferred deposit amount, a new window will pop up to confirm your crypto purchase amount in your native currency, along with the BTC value you will receive in your Punt Casino account.

You can also view the terms and conditions as well as the privacy policy before agreeing to them by ticking the box provided. Click “Exchange” to proceed with buying crypto for gambling online with Changelly.

A crypto deposit address linked to your Punt Casino account will then automatically be generated. DO NOT change this address in any way. Simply click “Continue” to proceed to the next step.

Check out with MoonPay

A window will then pop up with a message to redirect to the MoonPay site (linked to Changelly) or to start a new transaction. If you have entered all your details to buy crypto using Changelly correctly, click on the redirect button and you’ll be taken straight to MoonPay to complete your card-to-crypto transaction.

Here, you will be required to provide your email address for verification before clicking ‘Continue”.

Now it’s time to check your inbox for a verification code sent from MoonPay. Copy the code and paste it into the field provided to continue to buy crypto casino credit using Changelly.

Once your code is inserted and you’ve agreed to the terms and conditions for MoonPay, click “Continue”. You’ll need to choose whether you want to use a debit card to buy cryptocurrency for online gambling or link your bank account to your MoonPay profile.

After selecting “Debit card” as your payment method, you’ll be required to enter a few basic details. This is to protect you and your funds from fraudulent activity when buying your coins. These details will be saved so you won’t have to add them every time you use this crypto exchange casino feature at Punt. Plus, there is very little info required – bonus!

Deposit Now

After entering a few of your basic details, you’ll be asked to insert your credit or debit card details to proceed. Once that’s done, follow the few remaining prompts and you can start playing casino games within minutes as you’ll have a topped-up Punt Casino account – voila!

What are the benefits of using Changelly to buy crypto?

If you’re looking to streamline your deposits with the easiest way to buy crypto using a credit card, then look no further than Changelly at Punt. This will cut out the need to register with various crypto exchanges and look for the best exchange rates on the web, as Changelly does this for you.

All you need to do is follow the steps above and you can benefit in various ways, including:

Benefits of Changelly:

A choice from a wide range of cryptocurrencies (over 500+)
Low card-to-crypto and crypto-to-crypto exchange fees
The service integrates with various wallets (including your Punt Casino account)
Very little personal info required
No need to register with various crypto exchanges to find the best rates
It’s easy to use and can have you gambling with crypto in minutes!

On top of this, you still get UP TO 15% CASHBACK ON ALL DAILY DEPOSITS at Punt.

Choose Changelly for easy card-to-crypto deposits today!

As you can see, buying crypto using a credit card with Changelly for online gambling is very simple at Punt. Not only will you benefit from some of the best exchange rates you will find, but you’ll also have your deposits added to your account much faster.

And don’t forget, you can still claim Punt Casino bonuses and promotions when using Changelly to make your deposit. Just claim the relevant bonus code in the Cashier menu under Coupons and make sure you buy crypto in the required amount for claiming the bonus.

That’s it for now. Enjoy this stylish new feature at Punt. And remember to look out for more exciting features and crypto casino news – we’ll keep changing the game for the better as long as you’re playing it!

How to Secure Cryptocurrency and Protect Your Digital Assets

February 26, 2023

How to Secure Cryptocurrency and Protect Your Digital Assets

February 26, 2023

Blog » Posts tagged "Crypto"

How to Store and Secure Cryptocurrency

One of the biggest benefits of cryptocurrency is also one of its slippery banana peels – when it comes to crypto storage, the buck stops with you. This means you need to take extra care when deciding how to store and secure cryptocurrency safely, which isn’t as simple as buying a nice leather wallet and popping them in there for safekeeping.

For this reason, it is important you have a crypto security checklist. There are many different ways to store cryptocurrency – each with varying pros and cons. So, in this article, we’ll examine the various ways you can store your coins so you can work out which is the best cryptocurrency storage method for you, and avoid cryptocurrency security issues.

Let’s Talk About Secure Cryptocurrency

The first thing to know when discussing cryptocurrency storage is to know what exactly you are storing. To understand this, we can compare a blockchain to a railway network. Imagine the trains on the network being the coins themselves, constantly moving around it.

All coins share the same network and must remain on it at all times. This means you can’t simply lift your coins off the rails and hide them somewhere or store cryptocurrency in your sock drawer.

Since you can’t physically remove your coins from the tracks, you need a secure place where you can lock them away until you need them. Of course, you’ll also need to know what and what not to do when using a crypto exchange.

When creating a cryptocurrency wallet of any kind, you are given a ‘digital address’ for each blockchain you want to use (e.g. Bitcoin, Ethereum, XRP). These addresses act as the depot on the network, keeping your coins in a separate track away from the main line.

So, if the address is where your coins are kept, what does the wallet do? The wallet protects the addresses from intruders, preventing cryptocurrency security issues or someone else from accessing the depot and removing the coins.

It also allows the legitimate owner to move their coins in and out, or interact with various crypto platforms, with different wallet types offering different levels of security and practicality to secure cryptocurrency safely.

With that understood, let’s get into the key aspects of cryptocurrency storage for the next point in this crypto security checklist.

Public Keys vs Private Keys

When you create a new crypto wallet to store cryptocurrency, there will be a few things to note down during the setup process. One of these will be the various public keys, while another will be the single private key. This is very important to prevent cryptocurrency security issues.

The public key is simply the address for each coin you want to add, so you won’t need to record this, but the private key is another thing entirely. The private key is the master password to your entire wallet, which is about as important as it sounds. Anyone who has your private key can import it into their own wallet and simply ship your coins out.

It’s for this reason that you should be 100% clear on who holds the private key to your wallet when you create one, which we’ll cover next.

Custodial vs Non-Custodial Wallets

When we talk about ‘custody’ in this manner, we’re not talking about custody of your coins, but rather of your private key. Custodial wallets are those that you typically find in an app store, including all secure cryptocurrency exchange apps, and are wallets over which you have limited or no control when you store cryptocurrency in these wallets.

The private key is stored on a server belonging to the company running the service, which means you must put your faith (and funds) in the security of the company in question. You will also have to hand over personal information to comply with local regulations when setting the wallet up.

Non-custodial wallets on the other hand are those that allow you to retain the private key, putting you in full control of your funds. Many non-custodial wallets will not require you to hand over personal information during setup, another reason why they are favored by the cryptocurrency community, which is something to consider for your crypto security checklist.

Hot Wallets vs Cold Wallets

Something else to factor into your decision-making when it comes to cryptocurrency storage is whether you want a hot wallet (software wallet) or a cold wallet (hardware wallet). This essentially refers to whether the wallet is connected to the internet or not, which can impact how you store cryptocurrency, and how secure cryptocurrency really is.

As you would expect, wallets kept on mobile devices and computers are considered to be hot wallets because they are almost always connected to the internet when the device is turned on.

This goes for all custodial wallets too. These are connected to the internet through the servers of the operator at all times. Hot wallets are usually used by people who want quick and easy access to their cryptocurrencies, for example, if they want to spend them in a shop or gamble with bitcoin online.

But hot wallets usually come with more security concerns – anything connected to the internet is at risk of being compromised. This means that these wallets are only as secure as the device on which they are installed.

Cold wallets, on the other hand, are wallets that are kept offline at all times. This makes them ideal for a long-term means to secure cryptocurrency. However, they are not the most convenient way to store cryptocurrency if you want to access your funds instantly.

Different Types of Cryptocurrency Wallet

Now we know the key terminology, let’s take a look at the different types of cryptocurrency wallets out there, and who they are suitable for.

Mobile Wallet

As we’ve already discussed, mobile wallets come in the form of apps and are usually custodial, although non-custodial mobile wallets are out there, and all are considered hot wallets. Here is a look at the Coinbase custodial mobile wallet.

Mobile wallets are great for keeping small amounts of cryptocurrency as a backup form of payment. They’re also perfect for crypto gambling and other forms of online entertainment as you can seamlessly make deposits and withdrawals on mobile-friendly sites. Even though the technology has improved to make them more secure than ever, they are not suitable to store cryptocurrency in large amounts.

Desktop Wallet

Similar to a mobile wallet, desktop wallets are considered hot wallets, although there is a bigger choice of non-custodial desktop wallets to choose from to secure cryptocurrency.

These include the core client of a blockchain (for example the Bitcoin Core client), which allows the computer in question to act as a node, helping to confirm transactions and secure the network as well as send, receive, and store coins.

As with mobile wallets, a desktop wallet is only as secure as the device on which it is installed and should not be considered suitable for high-value or long-term storage – an important point for your crypto security checklist.

Decentralized Web Wallet

A decentralized web wallet is a hot wallet that allows the user to engage with the Web 3.0 world while storing cryptocurrencies and digital assets. These wallets are typically non-custodial and can be accessed through a browser plugin or mobile app, which puts the onus on the user to download the correct software in each instance.

Decentralized web wallets have become extremely popular with the growth of Web 3.0 and are much safer and help to prevent cryptocurrency security issues far better than the original type of web wallet, which is now largely defunct.

Hardware Wallet

A hardware wallet is the safest way of storing cryptocurrencies that exists today. Rather than being wallets themselves, these are physical devices that are needed to confirm every single cryptocurrency transaction the user wants to make.

The wallet part is typically a non-custodial mobile app that acts as the front end, with the hardware device used to confirm any transaction requested by the wallet. Put simply, no one can get funds out of the mobile wallet without confirming it on the hardware wallet first. Think of it as dedicated two-factor authentication for your crypto wallet to store cryptocurrency safely.

Hardware wallets are stored offline – ideally in a secure environment, such as a home safe (not your sock drawer) when not being used. This means they cannot be remotely compromised. Some are also ‘air gapped’, meaning they simply don’t have the functionality to connect to the internet in the first place.

Which Crypto Wallet Is the Best?

There’s no simple answer to the question of which crypto wallet is best to secure cryptocurrency, because all wallets fulfill different functions. The ideal solution is to have the bulk of your cryptocurrency protected by a hardware wallet, and have a small amount on a mobile app for trading or spending.

This way, you have the practicality and flexibility of the mobile app and the long-term security of offline storage.

Oh, and never, ever, give your private key out to anyone. 😑

The Future of Bitcoin Casinos and Online Gambling

February 18, 2023

The Future of Bitcoin Casinos and Online Gambling

February 18, 2023

Blog » Posts tagged "Crypto"

Is Bitcoin the Future of Online Gambling?

The relation between bitcoin and online gambling, and what the future of bitcoin casinos may look like, is a trending topic due to the fast-growing adoption of cryptocurrencies in the online gambling sector.

Since as early as 2013, online casinos have been making the move toward accepting cryptocurrencies as payment, not only for player deposits but also player withdrawals. This brought about an entirely new breed of online casinos, and with them, a revolution that has changed online gambling forever.

But will this fast-growing trend last? Does bitcoin have a future in online gambling – or is bitcoin the future of online gambling? And if not, will other cryptos or forms of digital currency emerge as the go-to choices for crypto gambling?

Well, we have a few theories – backed by crypto market research and valuable information that may give you some insight into what the bitcoin casino future might look like. But first, let’s look at what bitcoin gambling is doing in today’s world.

The Current State of Bitcoin Gambling

Straight off the bat – recent events in the crypto space have only proven that crypto gambling is here to stay and that the future of bitcoins casinos is a healthy one. Markets have been on the brink of crashing, massive crypto exchanges have been shut down due to unlawful practices, and the crypto community finds itself in uncertain times as a result.

Don’t get us wrong, crypto is not failing – not by a long shot. But of course, growing pains do apply, as with any emerging market.

BUT! Even though cryptocurrencies have been facing these challenges of late, crypto gambling, specifically, has been on the rise. But why? Well, according to research, the industry shows a considerable growth rate of just under 11.5% a year.

This is said to continue throughout 2023 all the way to 2030, with predictions pointing at even larger growth beyond.

The latest bitcoin gambling statistics released by casinosblockchain.io in early 2023 state that since the inception of crypto gambling, around 4% of all gambling activity is crypto-related, and players have wagered over $4.5 billion in bitcoin since – that’s only bitcoin, and the majority of this is only in the last few years.

So what does this positive growth for crypto gambling, in specific, mean when comparing it to the not-so-positive growth that crypto markets have experienced lately? Yes, investing in crypto is a volatile game and not for the faint-hearted, but it seems crypto gamblers, in general, are not too phased by current or past events. Let’s find out why.

Why Players Are Choosing Bitcoin Casinos Over Regular Online Casinos

Bitcoin gambling and crypto gambling in general offer various benefits for the player. Yes, the crypto casino also enjoys a few perks, which is another reason why crypto adoption among online casinos is growing at this rate.

But to understand why crypto casino players still prefer using bitcoin and other cryptos for online gambling in such unpredictable times in the crypto market, we should look at the benefits these players enjoy.

Benefits of Bitcoin Gambling

Instant deposits and much faster withdrawals than fiat currencies
Cheaper transaction costs than fiat currencies (sometimes only a fraction)
Improved security when transacting online
Convenience of payment methods and integrated payment technologies
Higher levels of anonymity

What this essentially comes down to, is that crypto players know that they can take advantage of these gambling benefits without needing to ‘invest’ in crypto. They are simply using it as a rejection-free, low-cost, safer, and instant payment method, rather than getting stuck in the red tape around centralized currencies issued by central banks and governments.

A player can simply deposit and withdraw using crypto with very few KYC requirements (if any) or restrictions from third-party payment providers. And the best part of all of this is that the gaming experience at crypto casinos is just as good as in traditional online casinos, if not better.

Which bitcoin casino games do players enjoy most? Here’s a look at the most popular bitcoin casino games in the US:

So now that we know why players prefer bitcoin gambling, which games they’re playing, and that crypto gambling is indeed on the rise, let’s take a look at what the future of bitcoin casinos might look like.

The Future of Bitcoin Gambling

Due to the nature of the business, online casinos have always been ahead of the game when it comes to technological advances and online security, finding innovative ways not only to entertain players but also to create a safe and user-friendly environment to do so.

But as the internet and online entertainment world evolved, online casinos needed to keep improving and find new ways to entertain players and ensure that their experience is as unique and seamless as possible, which is a never-ending cycle.

Now, you can imagine this is a very competitive market with new online casinos sprouting up left, right, and center, almost every single day. So if they want to last, they’ve got to get with the program.

And the new program is without a doubt, crypto. Blockchain and cryptocurrencies are almost certainly the future of online gambling – if not playing a very big part in it. The world is going digital, especially when it comes to finance, and in a digital world, digital currencies reign supreme – hell, even governments are looking into creating their own forms of digital currency.

With the benefits that the technology offers, including security, transparency, cost-effectiveness, and decentralization, it’s easy to see why both players and online casinos are steering in the direction of crypto.

In the US, for example, GamingAmericas.com reported that research conducted by Newzoo shows “around 73.9 million US residents are active users of online and bitcoin casinos. Among them, 52% gamble for real money, and 2.6% are high rollers.”

Now this includes both fiat and crypto casinos, but the ratio will most likely fall in crypto’s favor in coming years, and here’s why we believe why.

Crypto Gambling Trends Shaping the Future of Online Gambling

Blockchain technology and cryptocurrencies are not only becoming prevalent among online casinos but the entire e-commerce sector as well. Putting the current volatile markets aside – the benefits of blockchain tech are starting to creep into every corner of the internet, from gaming to buying goods and services online, and even building decentralized apps and entire Metaverses.

This is good news for crypto gambling and further proves that the bitcoin casino future looks promising. As blockchain technology improves, so do the use cases, which have resulted in numerous trends that will shape the future of online gambling.

Online casino trends in 2023 are one thing, but crypto gambling in particular has its own, unique trends thanks to the nature of the technology behind them. Let’s take a look at a few of the really interesting ones that will most definitely play a big part in the future of bitcoin casinos.

Metaverse Casinos

You may have heard of Decentraland and The Sandbox, which are probably the 2 most popular Ethereum-based metaverse and gaming ecosystems that allow users to share, create, and monetize digital assets and gaming experiences.

In short, they are basically digital worlds that players can access online and interact with each other, buy and create NFTs, purchase digital real estate for advertising, and play games. What if we told you that these digital metaverses also offer casinos? Well, they do.

This is still fairly new in the online gambling world, but you can imagine what a big part metaverse casinos will play in the future of bitcoin casinos. They offer an immersive and interactive casino gaming experience that simulates a real-world casino environment (apart from the frog dealing a poker game, of course).

The key factor to consider here is that all goods, services, and activities in these metaverses are paid for using the in-world digital currency, such as the digital assets token for Dentraland called MANA, or SAND in The Sandbox.

Decentralized Gambling

With the creation of decentralized applications, casinos can offer games on a downloadable platform that can be played using cryptos and can even calculate the outcomes of the games using blockchain technology, which we’ll get to soon.

Decentralized gambling can also be defined as crypto gambling, as you’re using decentralized currencies to wager in casino games. As mentioned, crypto gambling offers many advantages, including safety, anonymity, and cost-effectiveness, and we can certainly see how this would appeal to players, and play a big part in the future of online gambling.

Seamless Payment Methods

Crypto technology has also improved the ways in which players deposit and withdraw from a casino. By using a mobile crypto wallet, players can seamlessly deposit their funds straight to their casino account, without delay, and without extra costs incurred by third-party payment providers.

Crypto wallets also offer a few unique features that can be integrated into payment methods using the blockchain. In Deccentraland, for example, you can connect your crypto wallet to your player profile by scanning a QR code via your crypto wallet, allowing you to easily pay for goods and services without lengthy deposit and withdrawal processes.

Punt Casino also offers a similar approach – no more credit card details and deposit forms here, buddy. You can simply scan a QR code via your crypto wallet to make a deposit, and insert your wallet receiving address when making withdrawals with very little identification and none of your personal banking details required.

Of course, user-friendliness is very important to players, and technology such as this is really changing the game and continues to improve. With seamless payments and improved security (not to mention it’s cheaper), crypto payment methods are going to play a big part in the future of online gambling, which means the future of bitcoin casinos looks promising.

Provably Fair Games

What if we told you that players can now prove the fairness of the outcome in casino games using blockchain technology? The days of hoping that you are playing with a fair online casino are over because now, you can prove it.

“Provably fair” refers to an algorithm based on technology that offers a higher level of fairness and transparency in online casino games. The algorithm uses blockchain tech to produce random outcomes when the game is played, for example, shuffling the decks of cards in a blackjack game or generating random reel-stops in a slot to produce an outcome.

The provably fair algorithm generates an encrypted key, which looks similar to a crypto deposit or receiving address with the results of the outcome. The player can access this key along with a secondary key that allows them to verify the fairness of the outcome at the end of each round.

Games on our menu from the provider Spribe, for example, are all provably fair games and will allow you to verify the outcomes of each round when playing.

Provably fair casino games will most probably have a big impact on the future of bitcoin casinos and that of the online gambling industry as a whole, especially with this technology improving and with casinos finding new ways to use it.

Bitcoin Casinos: The Future of Online Gambling

With all the technological advancements in the crypto space, the bitcoin casino future looks more than promising. Bitcoin and other cryptos will most likely shape the future of online gambling with massive breakthroughs in user-friendliness, payment methods, security, and even the games themselves and how we play them.

What the future of bitcoin casinos holds exactly, we can not say. But if you want to start experiencing the many benefits of crypto gambling, the Punt Casino is the place to do it.

With over 1,00 crypto-friendly casino games, massive crypto bonuses and promotions, and a state-of-the-art crypto casino platform, you can take a peek at the future of bitcoin casinos, right here.

Bitcoin Casino FAQs

What are Bitcoin casinos?

Bitcoin casinos are online gambling platforms that use the cryptocurrency, Bitcoin, for transactions. They offer the same types of games as traditional online casinos but with the added benefit of using a decentralized currency.

Are Bitcoin casinos legal?

The legality of Bitcoin casinos varies by jurisdiction. Some countries have fully embraced the concept while others have placed restrictions or banned it entirely. It is important to research the laws in your specific country before engaging in any form of online gambling.

Are Bitcoin casinos safe and secure?

Bitcoin casinos can be safe and secure if they follow proper security protocols and have a good reputation in the industry. However, it is important to do your own research and only play at reputable and trustworthy casinos.

Can you win real money at a Bitcoin casino?

Yes, you can win real money at a Bitcoin casino. The games offered are similar to those at traditional online casinos and are designed to be fair and provide a random outcome.

How do you deposit and withdraw money at a Bitcoin casino?

To deposit money at a Bitcoin casino, you will need to have a Bitcoin wallet and sufficient funds in it. You can then send the funds to the casino’s Bitcoin address. To withdraw, you will follow a similar process in reverse, sending the funds from the casino to your personal Bitcoin wallet.

What types of games are offered at a Bitcoin casino?

Bitcoin casinos offer a wide variety of games, including slots, table games, and live dealer games. The specific selection of games offered can vary between casinos, so it is important to check before signing up.

What are the advantages of playing at a Bitcoin casino?

The advantages of playing at a Bitcoin casino include the use of a decentralized currency, faster and cheaper transactions, increased privacy, and access to a wider range of games.

The Do and Don’ts of Using a Crypto Exchange

The Do and Don’ts of Using a Safe Crypto Exchange

February 15, 2023

The Do and Don’ts of Using a Safe Crypto Exchange

February 15, 2023

Blog » Posts tagged "Crypto"

The Do and Don’ts of Using a Safe Crypto Exchange

Cryptocurrency exchanges are vital to the continuation of the ecosystem. But, for a first-timer, or even someone who thinks they know their way around them, there are a number of golden rules you should follow in order to make your time on a safe crypto exchange a happy, profitable, and secure one.

Here’s our list of crypto exchange dos and don’ts to ensure you don’t fall foul of the taxman, hackers, and more.

What you should do when using a safe crypto exchange (Dos)

1. Do conduct research before registering

You will probably be handing over your identity documents to any exchange you intend to use more than once, so you need to know they’re trustworthy. Of course, you’ll never be 100% sure (FTX anyone?), but 9 times out of 10 you get a feel for how reputable they are when using them.

It’s not quite the wild west out there anymore, in that very few exchanges are intentionally out there to pull a fast one, but some online sleuthing prior to signing up will help you get an idea of whether or not your potential exchange is a truly safe crypto exchange.

2. Double-check your transactions

If there’s one truism about crypto which applies at all levels, it is that you are in control of your own money. This goes for storage but also for trading, because if you make a mistake when buying or selling then there are no ghostbusters to call.

There are many horror stories of traders who have put in an extra zero by accident, or tapped ‘buy’ rather than ‘sell’, and have decimated their holdings in a split second.

To avoid this fate, double-check each trade before you execute, and don’t rush anything. A slow hand might cost you a few cents, but a ‘fat finger’ could cost you a whole lot more.

3. Do use all available security protocols

There are several things you should do to minimize the chances of a hack. First, use a brand new, complex password of at least 16 characters that you haven’t used anywhere else.

Okay, it doesn’t have to be THAT complex, but you get the picture…

Second, use two-factor authentication and ensure that you have email withdrawal verification turned on. This means no one can withdraw funds without having physical access to your phone, and you will be alerted if anyone ever tries to take money out.

4. Do use tax software to record your activities

No one likes to pay tax, but the chances are you will have to do so on your crypto gains. There are some great crypto tax software packages out there nowadays that do all the calculating for you and spit out a handy report at the end of the tax year.

It’s well worth adding each exchange to your tax software before you use it. This is as simple as creating an API, and it will save severe headaches down the line.

5. Do keep a whitelist of addresses

It’s a good idea to add addresses you regularly use to a whitelist on your safe crypto exchange of choice. This means that you don’t risk entering it wrong each time you need to, while some exchanges have an option that means you can’t withdraw to a non-whitelist exchange, further increasing security.

What you shouldn’t do when using a crypto exchange (Don’ts)

1. Don’t be greedy!

Unless you’re an experienced or professional trader, you shouldn’t touch the various options that many exchanges throw your way these days, such as leverage, margin, or options trading.

If you really want to learn how to use these functions then dedicate the time to learn how they work before trying them and be judicious with your spending – selling at a loss is one thing, getting liquidated is quite another.

The crypto market is volatile enough without turning it up to 11, so most people should stay away from these temptations.

2. Don’t keep all your funds on there

You should only keep funds you intend to trade with over the next few days on an exchange, with the rest stored safely in an offline wallet. This is to reduce the chance of your account getting compromised in some way or the exchange going offline.

Exchanges are intended to be a place where you can swap one cryptocurrency for another, not where you store your coins long term.

3. Don’t publicize your success

You’ve just made a life-changing amount of money – congratulations! If you want to keep it that way, don’t boast about it on social media. You will soon find yourself attracting the wrong sort of attention, such as social engineering or phishing attacks aimed at getting into your exchange account and swiping your earnings.

Hackers are clever than ever, and they will play the long game if they suspect you of having a great deal of money in your account, so don’t give them the opportunity to find out.

4. Don’t be wedded to one safe crypto exchange

While some crypto exchanges are certainly better than others, you shouldn’t limit yourself to just one or two – doing that will mean you miss out on the best gains.

Projects generally don’t launch on the likes of Binance straight away; instead, they find homes at smaller exchanges and grow from there.

If you’re looking for the best gains, you’re going to have to go farther afield and register with some smaller exchanges, which is absolutely fine, providing they fulfill your criteria of trustworthiness.

5. Don’t download more apps than you need to

Most reputable exchanges have an app these days but don’t install it on more devices than you will use on a regular basis. Each app you install it on is another potential security risk if you don’t check it very often, so just keep it to the one or two devices you use most often.

Also, make sure those devices have a fairly good malware and antivirus program on them.

Start using safe crypto exchanges today!

As you can see, some of these rules are common sense and some are specific to the crypto world, but all of them will make your use of crypto exchanges a much smoother process.

We wish you happy, and safe, trading.

New to Crypto? Here’s How to Start Using Cryptocurrencies

February 12, 2023

New to Crypto? Here’s How to Start Using Cryptocurrencies

February 12, 2023

Blog » Posts tagged "Crypto"

3 Easy Steps to Start Using Cryptocurrencies

So you want to get in on the crypto game but don’t know how to start using cryptocurrencies? We got you! As cliché as this may sound, everybody needs to start somewhere. And hey, good on you for taking the first step in your crypto adoption journey today.

Getting started with cryptocurrency is actually very easy, believe it or not. Many new users are deterred by the digital nature of these coins, often under the impression that you need to be some sort of digital whizz-kid to understand how crypto works, and how to use it.

We’re here to tell you that is NOT the case – everyone can use crypto. And once you’ve discovered the many benefits of using cryptocurrencies over traditional fiat currencies, there’s no going back.

What exactly are cryptocurrencies

Cryptocurrencies are essentially just a digital form of traditional currencies. Yes, there are many different types of crypto created for various purposes, but today, we’re keeping it simple to get you started with the basics of using these digital coins.

Cryptocurrencies are created using cryptography, which is coding used to keep data between a sender and a receiver secure. Furthermore, many cryptocurrencies are not issued by central authorities or financial institutions such as banks, but rather exist on a digital public ledger known as a blockchain.

By using blockchain technology, cryptocurrencies cut out the need for third-party payment providers and create a secure means for the sender and receiver to transact. The best part is, transactions are almost instant.

A blockchain “Node” refers to independent moderators that build and maintain the blockchain network. Nodes are rewarded in crypto for validating transactions and “mining” new coins on the blockchain. Do you need to understand all of this to start using cryptocurrencies today? No.

Without getting too technical, cryptocurrencies are simply an alternative to traditional currencies and allow you the opportunity to invest, purchase goods and services online, or simply use them as a means to avoid high transaction fees and lengthy processing times associated with government-issued currencies and banks.

Why use crypto?

Cryptos offer higher levels of security than traditional currencies.
You can take advantage of lower fees when transacting online.
It’s private. None of your personal info is attached to your transactions, only your crypto deposit or receiving address.
Crypto transactions are much faster than fiat currencies thanks to the use of blockchain technology.

3 steps to start using cryptocurrencies today

As mentioned, getting started with cryptocurrency is very easy. You can become a full-fledged member of the crypto community today if you follow these 3 easy steps to start using crypto.

1. Do your research

If you want to get started with crypto, you’ll need to do a little research first. Fortunately, learning about crypto is actually quite a bit of fun. We’re a quirky bunch in the crypto community and love using acronyms, memes, slang, and funny explanations to teach others about crypto.

Read up on the latest trends, crypto news, and new coins coming into the market, especially if you want to stay ahead of the game. Reading articles such as How bitcoin reached $1,000 for the first time can help you understand the history of bitcoin, and how this applies to the future. You can also visit crypto forums such as bitcointalk.org to get your finger on the pulse of the crypto community.

If you’re looking to start using cryptocurrencies for online gambling, for example, finding out what the best and worst cryptos for gambling are will also be advantageous. You have to understand that the cryptocurrency market is a volatile one, and keeping up to date with what is happening in the crypto space can only do you good.

2. Find a means to store your funds

Once you’ve researched the coins you’d like to get into, it’s time to get your hands on them to start using cryptocurrencies as soon as possible. However, you can’t exactly withdraw crypto and put it in your pocket. You’ll need a digital crypto wallet to store your funds.

Now, this may sound like some techy mumbo-jumbo at first. But setting up a crypto wallet is pretty much just as easy as creating an account with an online store. All you need is a mobile device and a few minor details, and you’re ready to go.

Click on the image above for a full explanation of how crypto wallets work, which types of crypto wallets there are, and how you can set one up today. And please, when getting started with cryptocurrency, make sure you choose a safe and trustworthy wallet to store your funds.

3. Choose a trusted crypto exchange

The final step to get started with crypto is to find a safe and trusted crypto exchange to purchase your coins. This goes hand-in-hand with the first step, research. How to find a safe crypto exchange?

You’ll need to shop around and find out which crypto exchanges offer the best terms with a decent amount of cryptos to choose from. But at the same time, you’ll also need to take user-friendliness and accessibility into account.

Some top crypto exchanges:

Most of these trusted exchanges also offer mobile apps which include crypto wallets. This makes the process of purchasing and storing your crypto seamless. In most cases, all you’ll need to do is download the app, sign up, and you’re ready to start using cryptocurrencies today.

Take advantage of crypto gambling at Punt Casino

If you’re wondering what to use your crypto for, why not take a shot at a jackpot to increase your crypto returns tenfold in any of our payout-packed casino games at Punt?

Yes, that’s right. You can get started with crypto gambling too, with all those exciting benefits we mentioned helping you take advantage of faster, safer, and cheaper deposits and withdrawals at Punt.

We have over 1,000 crypto-friendly casino games with the world’s top bitcoin casino games and game providers available on our menu.

But it’s not only our casino games that see you scoring big returns on your crypto. We also offer all our players bankroll-boosting bonuses and free spins promos that could see you double your deposit (or more) instantly when you sign up at Punt.

Take a look at our Welcome Package for example, where you can get 150% EXTRA on your deposit, and get 15 FREE SPINS on one of our hottest slots, Gods vs Titans.

But it doesn’t end there. Visit our Promotions page today to find out about the newest offers at Punt. We also have exciting tournaments and competitions running frequently with big money on the line.

Start using cryptocurrencies and take advantage today

Congrats, your crypto adoption journey is officially underway. As you can see, getting started with cryptocurrency is fairly easy. We hope you’ve learned a thing or two about using cryptos in this article. But remember, we have tons of articles on the Punt Casino Blog that’ll give you an even deeper insight. But for now, welcome to the party, and may the force be with you.

Sam Bankman-Fried facing criminal charges in court.

Will Sam Bankman-Fried Go To Jail?

February 8, 2023

Will Sam Bankman-Fried Go To Jail?

February 8, 2023

Blog » Posts tagged "Crypto"

Sam Bankman-Fried Jail Saga: Will SBF Go to Jail?

The collapse of the FTX empire in November 2022 was shocking both in its speed and scale, and now, a Sam Bankman-Fried jail sentence may be looming. On the surface, it appeared to be a well-run cryptocurrency exchange that offered a range of attractive services and barely any downtime.

However, as we now know, under the surface it was at best a disorganized mess and at worst, a criminal enterprise.

Former CEO Sam Bankman-Fried is now famous across the world as the face of the collapse and has had multiple criminal charges leveled at him from various U.S. regulators and law enforcement agencies. The question is, however, is a SBF jail sentence inevitable, or, as with another famous face who presided over a crypto exchange collapse, could he escape?

The Ghost of MtGox

When MtGox collapsed in February 2014, many instinctively thought that CEO Mark Karpeles was behind the loss of 745,000 bitcoins from the exchange.

When evidence emerged that someone had been using a trading bot to buy up hundreds of thousands of bitcoins in MtGox’s last days and that the accounts using those bots could only have been accessed by Karpeles, the writing was on the wall.

Karpeles was arrested in July 2015 and went on trial two years later for the use of trading bots. He was found guilty, but the judge believed Karpeles’ story that he was doing it to try and repair a hole in the company books and that he never stole the bitcoins.

Karpeles’ claims were backed up by convincing evidence not available at the time of his arrest, and he escaped with a four-year suspended sentence, much to everyone’s surprise, beating Japan’s 99% conviction rate.

A similar situation appears to be happening with the Sam Bankman-Fried jail sentence, albeit on a much more serious level.

Sam Bankman-Fried jail sentence and criminal charges

On December 12, 2022, Bankman-Fried was hit with eight charges by U.S. federal authorities:

Securities fraud (multiple cases).
Wire fraud (multiple cases).
Money laundering.
Conspiracy to avoid campaign finance regulations.
Conspiracy to commit wire fraud.
Conspiracy to commit securities fraud.

He was also hit with multiple other charges by the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, but these would only result in financial penalties rather than putting Sam Bankman-Fried in jail.

Bankman-Fried’s Alleged Criminal Behavior

Bankman-Fried’s charge sheet is 13 pages long, so we won’t go into much detail on the alleged offenses. But what we can say, is that it all makes for a heady cocktail of financial skulduggery that would make even a mafia godfather wince.

In short, Bankman-Fried is said to have masterminded an operation designed entirely to enrich himself and his closest associates, chiefly by swapping funds at will between his various entities and giving his companies an unfair advantage over its customers, whose money he was taking as he exacted this advantage.

Even without the benefit of seeing the evidence, the odds seem stacked against Bankman-Fried from the outset. Each one of the eight charges against him might see SBF jail-birding with a prison sentence of multiple years.

If he were to be found guilty on all accounts, he could, theoretically, be looking at hundreds of years in prison.

We don’t yet know what argument his counsel is going to put forward in his defense, but it is going to have to be spectacular to get him off all the charges.

A Plea Deal Won’t Save Him

What is more likely is that the litany of charges has been put against him in the hopes that he cooperates as part of a plea deal. This would see the lesser charges get dropped if he agrees to help in the ongoing cases against Caroline Ellison (Alameda Research CEO) and Gary Wang (FTX co-founder).

The problem for Bankman-Fried is that he has already pleaded not guilty to all charges, whereas Ellison and Wang have taken the deals offered to them. This means that they are already opening up on everything they had to do with Bankman-Fried and FTX.

Of course, we don’t know the full scale of the evidence that federal prosecutors will use to put Sam Bankman-Fried in jail – the collection of which is going on right now. However, we have some great insight from John Ray III, who commented on what he found at FTX in the days after he took over:

“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.

From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented.”

Ray also revealed that high-ranking individuals at FTX had taken steps to “conceal the misuse of customer funds” and also referenced the “secret exemption of Alameda from certain aspects of FTX.com’s auto-liquidation protocol”, which meant that Alameda could not get liquidated if its trades went south when regular customers did.

Small nuggets like this give us an insight into where the activity at FTX crossed the line from mismanagement to illicit activity.

Writing on the Wall for Bankman-Fried

Excerpts like those from Ray allow us to see this case in a different light to MtGox. Karpeles may have (and did) make some bad decisions during his tenure, and he was terrible at communication, but from what we know since its collapse, there was much more nefarious activity going on at FTX.

Of course, everyone should be presumed innocent until proven guilty, but the sheer weight and severity of the crimes leveled at Bankman-Fried mean that, even if he changes his plea to guilty, a Sam Bankman-Fried jail sentence may still be imminent and he will almost certainly face decades in prison.

For example, just one count of conspiracy to commit wire fraud carries a maximum of 20 years in prison, and he is facing much more serious crimes than that.

The only way that SBF can avoid jail is by winning on every single charge or hoping the government’s case falls apart completely in the interim. While not impossible, the odds of either of these are remote, and it is much more likely that Sam Bankman-Fried’s jail sentence may see him spending the bulk of his adult life behind bars.

How to Deposit at a BCH Casino in Under a Minute

December 22, 2022

How to Deposit at a BCH Casino in Under a Minute

December 22, 2022

Blog » Posts tagged "Crypto"

Your super simple BCH casino deposit guide

Love playing with BCH? Then this step by step guide on BCH Casino deposits is just what you need.

If you’re a crypto novice, or a first time player at a crypto casino, the idea of making a BCH casino deposit might be daunting.

You may worry that it’s a complicated process. Or perhaps you’re worried about the safety of your personal and financial information. Whatever your apprehensions, we’ll put them to rest in this easy to follow BCH Casino deposit guide.

In this blog we’ll cover the simple to follow steps on how to make a BCH casino deposit. We’ll also briefly cover why BCH casino deposits are super secure. Then, we’ll list some of the best BCH games to play as soon as you’ve made your deposit.

Let’s jump right in.

How to deposit at a BCH Casino

We’ll have you making that first deposit in no time – and claiming that epic welcome bonus, too.

Deposit BCH in 10 steps or less:

Set up a crypto wallet – here’s how
Purchase your bitcoin cash from a safe and reputable crypto exchange – this guide tells you what to look for
Register your Punt Player Account
Head to the Cashier (top right of your screen)
Select your deposit amount from the options available (or enter it manually)
Choose Bitcoin Cash as your crypto payment method
Click Deposit
Copy and paste the crypto web address into your crypto wallet
Complete the transaction within your crypto wallet – ensuring that your deposit amount matches the deposit amount you entered in the Punt Cashier
Your deposit will reflect within a matter of minutes (if not instantly)

It’s really that easy!

What makes BCH casino deposits safe?

If you’re worried about the safety of your personal and financial information, we’re here to assure you that BCH casino deposits are protected by airtight security measures.

4 reasons a BCH casino deposit is safe:

With any blockchain transaction, there are several layers of encryption that protect your data
Transactions are completely anonymous – which means that your privacy is guaranteed
Crypto transactions don’t contain any of your personal info, unlike third-party providers (such as banks), which makes you less prone to being hacked or becoming a victim to identity theft
Crypto wallets make use of a unique private key that only you have access to

See? Super safe. Plus, Punt Casino is fully encrypted with a 256-bit SSL Security certificate, adding another layer of protection to your BCH casino transactions.

The best BCH casino games to play right now

Thousands upon thousands of insanely epic titles are right at your fingertips. At Punt Casino, we go big when it comes to our game offering, and you can expect some of the best crypto games, powered by the industry’s biggest providers.

These software providers currently include:

Spribe
BetSoft
Reevo
KA Gaming
Tom Horn
Dragon Gaming
Fugaso

We say ‘currently’ because we’re constantly adding new providers. This means that you’ll always have the most innovative games to choose from.

Discover More Games

What are you in the mood for? A sensational slot, with tons of thrilling themes to choose from? How about a slow-burning tables game, where you’re required to use wit, skill, and strategy to beat the house? Looking for something different? Try any of our specialty games.

Whatever you’re looking for, Punt has it. And we’re adding new titles on the regular – so remember to keep your eyes peeled for our hottest new slot drops.

Deposit and claim your welcome bonus instantly!

Woohoo! You know how to deposit, and that means that you’re eligible for Punt’s super epic, brand-spanking-new Welcome Bonus

Make your deposit and boost your bankroll with a fabulous 150% Welcome Bonus and 15 Free Spins on Reevo’s slot, Atlantis Warriors.

Deposit Now

How to Deposit at an XRP Casino

December 20, 2022

How to Deposit at an XRP Casino

December 20, 2022

Blog » Posts tagged "Crypto"

Playing at an XRP Casino? This is how to get started

In case you didn’t know by now, Punt Casino is big on depositing guides. We have one for pretty much every cryptocurrency on offer, and now we’ve added XRP to the mix!

We’ve put together this insanely easy to follow step by step guide on depositing at an XRP casino. Plus, we’ve advised you on where to purchase XRP if you don’t yet know how to do so.

Transacting at a XRP casino

If you’ve ever gambled at an XRP casino before, you’ll know just how advantageous it is. Faster deposits and withdrawals, cheaper and safer transactions, and complete anonymity are just some of the epic benefits of XRP betting.

We’ve provided a basic breakdown of how to deposit and withdraw at XRP casinos below.

How do deposit at Punt

But first! Watch this super comprehensive video below. Our resident Punt expert, Abby, walks you through the process of depositing bitcoin step by step. Depositing XRP is pretty much exactly the same – the only difference being the cryptocurrency you’re using.

XRP casino deposits

You won’t need to take notes – it’s really quite simple.

Find a crypto exchange: where to purchase XRP

Remember that before you are actually able to deposit into your Punt Player Account, you’ll first need to set up a crypto wallet. And, you’ll need to find a trustworthy crypto exchange site with which to purchase your Ripple.

If this is Greek to you, don’t stress. We’ve outlined this for you below.

With hundreds available, deciding on a crypto exchange site isn’t as clear cut as it may seem. There are crucial considerations such as safety, trustworthiness, and reliability. So, how do you go about choosing the right one?

Do your homework

Research, research, research! Read reviews, find out what people are saying, and get a clear overview of the user sentiment behind the various crypto exchanges before committing to one. Some people opt to make use of more than one crypto exchange, preferring to diversify to lessen risk, or to make the most of the different advantages associated with each. This is totally up to you.

Popular crypto exchange sites based on user volume:

Binance
OKX
Coinbase
Gate.io
Huobi
Kucoin
Crypto.com

Our recommendation: Coinbase

Ripple is available on most cryptocurrency exchange sites, such as Coinbase. You can find out everything you need to know about finding a safe and reliable crypto exchange in this blog.

Making your XRP deposit at Punt Casino

Step 1 – create your Punt Casino Player account

If you don’t have a Punt Player account yet, it only takes a few seconds to enter your details and create your account.

Play at Punt

You can either make your first deposit when signing up by making use of the quick-deposit window, or by going through the cashier.

If you opt to deposit through the quick-deposit window, you’ll be able to create your account, deposit, and claim the first part of your welcome bonus simultaneously. We’ve created a guide for you on how to claim your welcome bonus.

If you prefer to deposit through the cashier directly, the depositing process is pretty much the same. This also allows you to deposit when you’re ready, instead of right away.

Here’s how to sign up and deposit:

Click on Sign Up
Enter your information (email address, password and preferred currency) in the pop up that appears
Click on the orange Sign Up button on the pop up window
Verify your account via the email address you used to sign up
Once your email address has been confirmed, you are an official Punt member

From here, you’ll be directed to the Promotions page, where you are able to claim any of the available bonuses that Punt has created just for you. This is where the depositing happens.

Step 2 – Making your first deposit

This part is really easy! Select your deposit amount from the options available to you in the cashier menu, or enter your own amount.

Remember that the minimum deposit at Punt Casino is $9. If you want to redeem a promotional offer, keep in mind that each promotion has its own minimum deposit amount.

Next, choose your crypto payment method. Here. you’ll obviously choose Ripple.
Once you’ve done this, click Deposit.

Copy and paste the crypto address that appears into your web wallet – or scan the QR code for quick access.

Complete the transaction within your web wallet by entering the amount that you have chosen in the Punt Cashier deposit window.

Once your transaction has been verified and approved, your funds will reflect within 15 minutes (or immediately).

Now that you’ve got a few bucks in your bank, it’s time to go wild – exploring the thousands of thoroughly absorbing games that Punt has on offer.

What are the best XRP casino games?

One of the wonderful things about XRP gambling is the sheer volume of exceptional games at your fingertips! At Punt Casino, for example, there are thousands of top titles to pick from, powered by the finest software developers the industry has to offer.

Play Now

These games include sensational slots that will keep you spinning and winning, and thrilling table games where you can finesse your skills and hone your strategy. Plus, win mega amounts when you try your hand at a progressive slot, or wind down after a long day with a simple game of keno. The options are endless when you’re playing at an XRP casino such as Punt.

Don’t forget to claim your welcome bonus, either! You’ll get a brilliant bonus boost: up to 6 BTC and $25 free chip.

Play at Punt

Top Crypto News Stories Last Week – Get the Full Scoop Now!

Crypto News Headline: Voyager Bankruptcy Judge Calls for Proper Crypto Regulation

Judge makes his case

What does it mean?

Headline 2: ChipMixer Service Shut Down After CIA “Honeypot” Rumors

About ChipMixer

ChipMixer CIA “honeypot”?

Crypto News Headline 3: Signature Bank Closure Leads to “Anti-Crypto Bias” Claim

Trending Crypto News Stories:

Want to Know More About Crypto Gambling?

Changelly – The New Onboard Crypto Exchange for Seamless Deposits at Punt

What is Changelly?

How to buy crypto using Changelly at Punt Casino

Check out with MoonPay

What are the benefits of using Changelly to buy crypto?

Benefits of Changelly:

Choose Changelly for easy card-to-crypto deposits today!

How to Store and Secure Cryptocurrency

Let’s Talk About Secure Cryptocurrency

Public Keys vs Private Keys

Custodial vs Non-Custodial Wallets

Hot Wallets vs Cold Wallets

Different Types of Cryptocurrency Wallet

Mobile Wallet

As we’ve already discussed, mobile wallets come in the form of apps and are usually custodial, although non-custodial mobile wallets are out there, and all are considered hot wallets. Here is a look at the Coinbase custodial mobile wallet.

Desktop Wallet

Decentralized Web Wallet

Hardware Wallet

Which Crypto Wallet Is the Best?

Is Bitcoin the Future of Online Gambling?

The Current State of Bitcoin Gambling

Why Players Are Choosing Bitcoin Casinos Over Regular Online Casinos

Benefits of Bitcoin Gambling

The Future of Bitcoin Gambling

Crypto Gambling Trends Shaping the Future of Online Gambling

Metaverse Casinos

Decentralized Gambling

Seamless Payment Methods

Provably Fair Games

Bitcoin Casinos: The Future of Online Gambling

Bitcoin Casino FAQs

What are Bitcoin casinos?

Are Bitcoin casinos legal?

Are Bitcoin casinos safe and secure?

Can you win real money at a Bitcoin casino?

How do you deposit and withdraw money at a Bitcoin casino?

What types of games are offered at a Bitcoin casino?

What are the advantages of playing at a Bitcoin casino?

The Do and Don’ts of Using a Safe Crypto Exchange

What you should do when using a safe crypto exchange (Dos)

1. Do conduct research before registering

2. Double-check your transactions

3. Do use all available security protocols

4. Do use tax software to record your activities

5. Do keep a whitelist of addresses

What you shouldn’t do when using a crypto exchange (Don’ts)

1. Don’t be greedy!

2. Don’t keep all your funds on there

3. Don’t publicize your success

4. Don’t be wedded to one safe crypto exchange

5. Don’t download more apps than you need to

Start using safe crypto exchanges today!

3 Easy Steps to Start Using Cryptocurrencies

What exactly are cryptocurrencies

Why use crypto?

3 steps to start using cryptocurrencies today

1. Do your research

2. Find a means to store your funds

3. Choose a trusted crypto exchange

Some top crypto exchanges:

Take advantage of crypto gambling at Punt Casino

Start using cryptocurrencies and take advantage today

Sam Bankman-Fried Jail Saga: Will SBF Go to Jail?

The Ghost of MtGox

Sam Bankman-Fried jail sentence and criminal charges

Bankman-Fried’s Alleged Criminal Behavior

A Plea Deal Won’t Save Him

Writing on the Wall for Bankman-Fried

Your super simple BCH casino deposit guide

How to deposit at a BCH Casino