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Crypto Espresso – The Top Crypto News Every Week

June 5, 2023

Crypto Espresso – The Top Crypto News Every Week

June 5, 2023

Blog » Posts tagged "Ethereum"

Biggest Crypto News Last Week

Last week in the crypto world we saw the launch of the biggest stablecoin on the Bitcoin blockchain (but not the first), EA and Nike signed a groundbreaking NFT agreement, and concerns over the impact of a Grayscale victory over the SEC.

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US Stablecoin Launched on Bitcoin

The Bitcoin world celebrated the launch of the network’s first stablecoin last week thanks to crypto platform Stably, which has utilized the new BRC-20 format to bring a dollar-backed cryptocurrency to the network.

According to Stably, the USD token will be backed 1-to-1 with actual US dollars held by a US-regulated custodian and will require full KYC/AML verification. However, while Stably is certainly the only stablecoin on Bitcoin right now, its claim to have been the first is disputed.

Stably has been able to launch USD on Bitcoin thanks to an upgrade that took place on the Bitcoin network in 2021 called Taproot. Taproot allowed smart contracts to be deployed on Bitcoin, allowing Bitcoin to be used in the same way as Ethereum, which is used for everything from NFTs to DeFi lending platforms.

It has taken a while for developers to make use of Taproot but this year they have with ‘ordinal inscriptions’, a system which has opened the door for Ethereum-like projects on the ultra-secure Bitcoin blockchain.

The introduction of ordinal subscriptions means that we can expect a development boom on Bitcoin much as we have seen with Ethereum over the years, and stablecoins are a natural part of this.

However, Stably’s claims that its USD coin is the first stablecoin on the Bitcoin blockchain aren’t entirely true; when Tether first launched back in 2014 as Realcoin, it did so on Omni Layer protocol, a platform for creating and trading custom digital assets and currencies on the Bitcoin blockchain. Stably can claim, therefore, to be the first stablecoin to run on the ‘pure’ Bitcoin blockchain, which is an impressive enough accolade in itself.

EA and Nike Sign Groundbreaking Partnership

Sportswear giant Nike and videogame maker Electronic Arts last week announced a groundbreaking deal that will see NFTs from Nike’s .Swoosh collection make their way into future EA Sports releases.

EA said that the partnership will “look to build new immersive experiences and unlock brand new levels of customization” within its ecosystem, with exclusive .Swoosh “virtual creations” made available to players to allow “unique new opportunities for self-expression and creativity through sport and style.” While this deal isn’t the first between videogame makers and NFT creators it is by far the biggest yet and could mark a turning point in the relationship between gamers and NFT fans.

Nike’s exposure to the crypto/blockchain world dates back to April 2019 when it filed a trademark for Cryptokicks, which it turned into a popular NFT collection three years later. This launch presaged a deep dive into the NFT world, with the launch of Nike Virtual Studios coming in 2022 following its acquisition of NFT studio RTFKT in late 2021.

Nike Virtual Studios developed its in-house platform, .Swoosh, throughout 2022 and launched it in November, with its first collection earning the company $1 million in sales last month.

While Nike, EA and NFT fans might be looking forward to the prospect of in-game NFTs, one group that isn’t is gamers themselves. Gamers have threatened boycotts of gaming studios that add NFTs to games ever since the idea was first mooted in 2021, and last week’s announcement was a continuation of the theme, with many criticizing EA for prioritizing profits over customers. However, if the collaboration can prove a success it could end up being the moment when the tensions finally ease.

Grayscale Victory Would Not Guarantee Bitcoin ETF

The Securities and Exchange Commission (SEC) could still reject Grayscale’s Bitcoin ETF proposal even if it loses its legal battle with the fund operator, according to Bloomberg analyst James Seyffart.

Seyffart expressed his concerns during an interview last week where he emphasized that the SEC would search for other grounds on which to deny the conversion from the Grayscale Bitcoin Trust to a fully operational Bitcoin spot ETF were it to lose, thereby nullifying any potential victory on Grayscale’s part.

Grayscale initiated legal proceedings against the SEC in June of last year after the agency rejected its application to convert the Grayscale Bitcoin Fund into a Bitcoin ETF. This conversion is crucial for Grayscale’s customers to access their investments, which currently total some $17 billion worth of bitcoin, although GBTC shares are trading at a 43% discount to this value.

Bloomberg analysts were initially skeptical of Grayscale’s chances of success, but the situation changed in March of this year when oral arguments were presented. Following the hearing, Bloomberg changed its stance and now predicts a 70% probability of a favorable outcome for Grayscale.

Despite the optimistic outlook, Bloomberg analyst Elliott Stein cautioned that the court’s decision might not be conclusive and binding. Stein suggested that the judge could potentially allow room for the SEC to continue opposing a Bitcoin ETF rather than making a definitive ruling, a view Seyffart reiterated, emphasizing that a victory in the legal battle would not guarantee the establishment of a Bitcoin ETF because the SEC could still deny the conversion for other reasons.

Such an outcome would be the worst possible outcome for the struggling GBTC shareholders, as it would eliminate their best opportunity in years to liquidate their investments.

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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 "Ethereum"

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.

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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.

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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.

Learn about HODL and what it means at Punt Casino.

What Does HODL Mean? Looking Back at Bitcoin’s Most Famous Term

December 18, 2022

What Does HODL Mean? Looking Back at Bitcoin’s Most Famous Term

December 18, 2022

Blog » Posts tagged "Ethereum"

What Is HODL? The History of HODL and Meaning Explained

What is HODL? Before we dig into that, there is 1 thing you should know. Memes and slang words play a big part in communication between members of the crypto community. It’s almost as if knowing the lingo makes you part of the club, and to some extent, it’s true (as juvenile and totally ridiculous as it may sound).

But hey, if you want to join the club, there’s enough room for all. And getting to know the lingo around Bitcoin and other cryptos can be one of the most entertaining, and in the case of today’s article, interesting stages of your indoctrination into the world of crypto. And with that, welcome to the club.

So, what is “HODL”, or “Hodling” all about?

The meme “HODL” is something that you’ll without a doubt come across while dabbling in the world of cryptos. It has become rather synonymous with the crypto space and is an entreaty to hold your bitcoin through bear markets with the expectation that prices will eventually recover.

In modern times, the phrase ‘diamond hands’ has come to replace it in some areas, mostly with the amateur stock market trading crowd. However, “HODL” is the original call to stand firm. But what is HODL? And where did it come from? Let’s find out about the history of HODL.

Surprise, surprise! HODL is NOT an acronym

Many believe that the term HODL stands for ‘Hold On for Dear Life’. This belief refers to the ups and downs of the cryptocurrency markets. It was perpetuated by TV show host John Oliver, who referenced this explanation in his evisceration of the cryptocurrency space in March 2018. However, the real history of the term is much different, and funnier.

The history of HODL starts on December 18, 2013 – two weeks after Bitcoin had broken its all-time high of $1,124 that was achieved only four days earlier. Since hitting this figure on December 4, Bitcoin had experienced a 54% decline. This caused many to believe that Bitcoin had topped out and that the bull run was over. It was a prophecy that turned out to be true.

By December 13, Bitcoin was hovering around $520, with sentiment turning decidedly sour since it was last climbing that level in November. So, what is HODL? Well, at 10:03 AM, BitcoinTalk user, GameKyuubi, who had been a member of the forum since June 2011, wrote and published a now infamous post. This post contained a key misspelling in the title – ‘I AM HODLING’.

That last line is an absolute classic! The post, a helping of word soup that contained mixed capitalization, typos, invective, accusations, regrets, and the not-so-subtle use of language, was written after GameKyuubi had consumed “some whiskey”, which he also acknowledged was misspelled. This, is how the history of HODL began.

“not part of that group”

GameKyuubi informed readers that he was planning to hold bitcoin rather than try and sell at the right time to maximize profit. The reason? “I’m a bad trader and I KNOW I’M A BAD TRADER.” He went on to explain how some traders knew exactly when to buy and when to sell. He also that they were trading on the emotional reactions of other, less experienced souls.

When referring to these expert traders, GameKyuubi asserted that he was “not part of that group”. This is a realization that comes to many newcomers in the crypto space when the Bitcoin price comes down the other side of the mountain having thought they were geniuses on the way up. He crystallized this point at the end of his rant.

“You only sell in a bear market if you are a good day trader or an illusioned noob. The people in between hold. In a zero-sum game such as this, traders can only take your money if you sell.”

A meme is born

If it wasn’t already clear that this would be a post for the ages. One respondent’s simple reply of “HODL!” guaranteed its immortality, with responses such as “WE OL SHAL HODL!” and “Spartans Hodl” coming thick and fast.

One visionary suggested that, “I could see a meme coming from this post with (a) bit of creativity.” He wasn’t wrong. No one needed to ask ‘what is HODL?’ anymore. The notion was immediately clear to all those with any exposure to Bitcoin.

The thread quickly gained popularity. Hundreds of people jumped on board the HODL bandwagon. Although, the message behind it was sorely tested as Bitcoin endured a near 2-year bear market which saw prices plummet as low as $360.

However, comments from the time support the notion that people were indeed HODLing and waiting for the market to rebound, rather than abandoning the principle. This, of course, proved to be the right play.

The last few posts on the HODL thread were made in July 2016 as Bitcoin’s price approached $700 again. This proved the concept was still holding strong:

“Holding is the only thing that makes sense now. Just think about selling now and the price going to 2k in a couple of years.”

Little could this poster have imagined that Bitcoin would hit ten times that figure in a little over half the time. And that, is the history of HODL.

What is HODL today? A solid message

So what is HODL all about these days? The HODL meme has only grown over time as the space has increased in size, valuation, and the number of participants. For obvious reasons, it is particularly prevalent during bear markets when the temptation to sell after having held a loss is increased for fear of further downside.

Along with the general message to hold Bitcoin for the long term, the actual content of the post, which is often forgotten, is also a great lesson for newcomers. Trading in cryptocurrency markets is something that very few people are cut out for. For the inexperienced, doing so is an easy way to lose your bitcoin. Don’t get “rekt”.

Only those who have experience of trading in other markets, or are trying to learn the ropes and are happy to lose money while they do so, should be involved in multiple acts of buying and selling during a bear market.

The vast majority of people, as GameKyuubi says, should simply HODL and not try to outsmart those that are more efficient traders than they are.

HODL is more than a meme

Today, HODL is more than a meme, and certainly more than just a typo – it is almost a franchise. You can buy HODL t-shirts, hoodies, caps, mugs and more. Leaders in the crypto world frequently use the term in their online discussions, and for some, it has come to embody a way of life rather than just a way of preserving wealth.

HODL is becoming a symbol for perseverance and hope, for holding on through the hard times and not giving up, as remembered throughout the history of HODL.

HODL is slowly becoming a 21st-century continuation of the stoic philosophy that dates to around the third century BC. Assuming that it continues to do so, it would be quite something if a drunken typo from a Bitcoin bear market survivor acts as the catalyst to an entire philosophical movement.

The history of HODL is something that those outside the crypto space won’t be aware of. Many will assume, as John Oliver did, that it is a thought-out acronym, rather than a near decade-old misspelling.

Now, however, if you hear anyone trying to make such an outrageous claim, you will be able to proudly explain what HODL stands for – none of that “What is HODL” business anymore – you’re part of the club now.

What Happened to FTX? Here is Everything You Need to Know

November 12, 2022

What Happened to FTX? Here is Everything You Need to Know

November 12, 2022

Blog » Posts tagged "Ethereum"

Everything that happened to FTX and what you need to know

Last week witnessed the biggest crypto story of the year, and one of the biggest of all time – the swift and astonishing collapse of FTX. The story, which is a Netflix documentary in the making, saw the unraveling of an empire that was seeking investment just two months ago that would have valued it at $32 billion, but which, after a whirlwind 10 days, became bankrupt, losing customers everything.

What happened to FTX? Let’s find out.

The FTX Empire Grows

FTX was founded by Sam Bankman-Fried and Gary Wang in May 2019 and quickly made a name for itself as a steady and trustworthy derivatives exchange. In a world where people were used to the shady antics of BitMEX, FTX presented a more professional face, with Bankman-Fried appearing to be one of the new breed of more legitimate and law-abiding operators.

As FTX grew, Bankman-Fried became entwined in the political element of the crypto scene, funding groups to lobby Washington on crypto’s behalf, although his public allegiance to the political left alienated a huge swathe of the crypto Twitterati.

By the middle of this year, FTX had grown into the second biggest derivative trading platform in the space, tentatively valued at over $32 billion dollars in September, with big-name sponsorships and bailouts of bankrupt crypto exchanges giving the impression it was still actively pursuing expansion and hoping to challenge the market leader in the derivatives field – Binance. With one million active users, it was well on the way.

Coindesk Cries Foul

The problems for FTX began on November 2 when Coindesk alleged that Alameda Research, the trading firm that made up the other half of the FTX empire, held much of its $14.6 billion balance sheet in the FTT token issued by FTX. As Coindesk pointed out, this meant that Alameda was resting on “a foundation largely made up of a coin that a sister company invented, not an independent asset like a fiat currency or another crypto.”

This revelation caused Changpeng Zhao, the founder and CEO of Binance, to declare that Binance planned to liquidate its own holdings of FTT tokens, which it had received when it sold $2.1 billion worth of FTX equity back to FTX in 2021. Zhao didn’t reveal how many FTT tokens Binance would be liquidating, but when a $584 million FTT transfer into Binance from an unknown wallet was spotted later that day, he admitted that this was just “part of it”.

Zhao said the sale would be completed with “minimal” disruption to the market, but just hours later, on Monday afternoon, the value of FTT plummeted from $23 to $15 due to sudden massive sell pressure.

Here Comes the Run

The aforementioned selloff prompted further fears that Alameda, and in turn FTX, was at risk of facing liquidation on $3.4 billion worth of its FTT holdings due to the price collapse, stoking fears that it would soon be insolvent.

These fears began the event that every exchange fears – a run. FTX users frantically began requesting their funds from the exchange, with around $6 billion of withdrawals submitted in the 72 hours before Tuesday morning. This caused an inevitable backlog, which in turn led to further fears that FTX was not actually able to fulfill the requests. Bankman-Fried tweeted that “FTX is fine” and that all assets were covered. He then instantly deleted the tweet, which only served to cause more panic.

Bankman-Fried Reaches Out

Unbeknownst to the public, while he was busy deleting reassuring tweets, Bankman-Fried had realized that the drop in the value of FTT had indeed lost the company billions of dollars or user funds, and worse could be to come. He approached Seychelles-based cryptocurrency exchange OKX for help in funding the billions needed for customer withdrawals. When OKX couldn’t help, Bankman-Fried realized there was only one person left he could call on – Binance CEO Changpeng Zhao.

Bankman-Fried approached Zhao for the money, but Zhao, not one to miss an opportunity, turned the request massively to his advantage – on Tuesday afternoon he tweeted that Binance was looking not just to bail out FTX, but to acquire it. The revelation sent shockwaves through the crypto space, and led many to suggest that Zhao had been planning for such a result all along.

Nevertheless, customers were suddenly hopeful that they could be made whole. Bitcoin leapt $1,000 as a result, and even the FTT token managed a small resurgence. However, not everyone was convinced, offering reminders that Binance hadn’t looked at FTX’s books yet, and no one knew what horrors lurked in there.

Binance Pulls Out

While Binance was looking over the books, allegations emerged that FTX had been using customer funds for its own money making activities, such as collateral for loans and lending Alameda billions to trade with. This was followed by suggestions that U.S. authorities were looking into FTX’s collapse, with particular focus on the alleged misuse of customer funds.

The following day, Wednesday 9th, it was revealed that the U.S. Securities and Exchange Commission and the Justice Department had been looking into the affairs of FTX’s American arm, FTX US, for potential securities violations for months already.

These revelations acted like an air raid warning for Binance, and on Wednesday night it stepped away from the deal, citing “corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations.” This left the cryptocurrency industry with its very own Lehman Brothers situation; FTX was at the center of a huge lending and borrowing web, a web that had already been severely tested in 2022 by the collapse of Celsius, Three Arrows Capital and TerraUSD. The scale of its involvement with other crypto companies as known to be vast, but no one knew quite how vast yet.

FTX Can’t Fill the Hole

To avoid ultimate catastrophe, FTX was left on Thursday morning needing to fill an $8 billion hole of its own making, or face bankruptcy. Bankman-Fried tweeted an apology thread on Thursday in which he took responsibility for the errors made, reinforced the need for funding if customers were to get any of their money back, and announced that Alameda Research was being wound down.

Later on Thursday, the Securities Commission of The Bahamas, where FTX is registered, called for all company assets to be frozen, suggesting that any prospect of users getting withdrawals out from the exchange were now doomed to failure. However, a loophole was spotted by some Twitter users who offered to pay FTX staff up to $1 million to change their residency to Bahamian in order to get their funds off the exchange. Some, apparently, succeeded in their quest.

By Friday it was clear however that the hole was just too big to be plugged, and at 2:14pm on Friday, FTX filed for Chapter 11 bankruptcy, bringing the curtain down on a disastrous, and thoroughly unnecessary, episode of devastating drama.

Damage Will Take Months to Come Out

To put the size of the FTX collapse into perspective, Bankman-Fried’s personal net worth at the start of last week was thought to be in the region of $15 billion, tied up in FTX and its assets, including FTT tokens.

At the time of Bankman-Fried’s resignation, Bloomberg put this figure at just $3. This was a little over the value of one FTT token, which had peaked at $80 in September last year.

The fallout of the FTX collapse has only just begun, with people asking what happened to FTX only being the beginning. The full damage will only be known months down the line. The initial concern is for the million or so customers who have lost all their funds. They have no protection, and their only recourse will now be joining the long list of creditors all fighting for the scraps that remain, a battle that is likely to be long and largely fruitless.

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ETH Casino US: How to Deposit Ethereum at Punt Casino

November 11, 2022

ETH Casino US: How to Deposit Ethereum at Punt Casino

November 11, 2022

Blog » Posts tagged "Ethereum"

How to Deposit Ethereum at Punt to Play ETH Casino Games Online

On the hunt for the best Ethereum casino in the US? You’ve just found it! Depositing with an ETH casino such as Punt holds many benefits over using outdated fiat currencies, and you’ve just taken the first step in using these benefits to your advantage to play Ethereum slots and table games at Punt.

ETH deposit casino sites have revolutionized online gambling with faster, safer, easier, and cheaper transactions, and if you’re looking to max out these powerful perks, there’s no better place than right here at Punt – especially with a Welcome Package such as this.

(6 BTC OR ETHEREUM EQUIVALENT)

Why gamble with Ethereum?

Decentralization – Unlike fiat currencies, cryptos are decentralized and are not regulated by central authorities, meaning you have complete control over your funds and nobody can access them without your private keys.

Enhanced Security – Wondering what makes online casino deposits and withdrawals safe? Well, cryptos such as Ethereum are known for higher levels of security, as your personal information is not connected to decentralized casino Ethereum deposits. Your transactions cannot be intercepted and your funds are kept safe from online theft.

Privacy – Even though crypto transactions are visible to all users on the blockchain, there is no information tied to them that can expose your identity. Only numeric crypto addresses are used, which means your privacy is protected at all times when depositing at an ETH casino.

Speed and Efficiency – Crypto transactions are much faster than traditional online fiat transactions thanks to the efficiency and decentralized nature of blockchain technologies. Crypto transactions are also borderless, which means you can deposit at the best Ethereum casino US players enjoy from anywhere in the world.

Ease of Use – Blockchain tech has made transacting online easier, and in most cases, you won’t even have to provide much identification when playing at an ETH deposit casino. Punt has made the Ethereum deposit process even easier with seamless transactions on our platform, as you’ll soon find out.

Boosted Casino Bonuses – And finally, decentralized casino Ethereum deposits will allow you to claim much larger casino bonuses than most fiat casinos can offer, with thousands of dollars in crypto up for grabs – check out our casino bonuses now to see why.

How do I gamble online with Ethereum?

It’s simple, and once you get started, you’ll be wondering why you never went this route before. But before you can make an ETH casino deposit, you’ll need to find a safe crypto exchange to purchase your crypto and create a crypto wallet to store, send, and receive your funds.

This is easily done and will not only give you access to the best Ethereum casinos US players can enjoy but will unlock a whole new way of banking online across many major industries. The 2 links provided above should have you sorted in no time.

Now it’s time to make your first ETH deposit to play Ethereum slots and table games, so let’s show you how to power up at Punt.

How to deposit Ethereum at Punt Casino

Make sure you have created your crypto wallet and topped it up with ETH before you decide to deposit. Once that’s done, it’s time for the easy part – making your first decentralized casino Ethereum deposit, so here are the quick and easy steps to follow.

Step 1: Create Your Punt Casino Account

Easier done than said, creating a Punt Casino account is your first step to gambling with Ethereum. All you need to do is proceed to the lobby and click on the blue “Sign Up” button to get started.

A signup window will then appear where you’ll need to insert your information. You’ll be happy to know that all Punt Casino requires from you to sign up for an ETH casino account is an email address.

Simply insert your email, create your password, choose your preferred fiat currency (account balances are shown in your native currency to make it easier for you to know exactly how much you have in your account), and click ‘Sign up”.

A message will then appear on the screen prompting you to verify your email address via a link or a verification code sent to your mail. Open your inbox and find an email from Inclave.

You can either click on the link to verify your account, or copy the code and paste it into the “Confirmation code” field provided in the window before clicking “Confirm my email” to proceed. All ETH deposit casino sites will require information such as this, but lucky for you, at Punt, we keep it to a minimum.

Congrats! Once your email is verified you’re a full-blown member of Punt Casino – welcome to where all the cool kids hang out. See how easy it is? Now for the next part, making your ETH casino deposit – just as easy.

Step 2: Depositing ETH to gamble online at Punt

Before you can start playing Ethereum slots and table games at Punt, you’ll need to top up your player account in order to fund your fun. Making your first Ethereum deposit to play online casino games is simple and all your deposits thereafter, as well as withdrawals, will be even easier.

First, log in to your newly-created Punt Casino account using the email address provided and your password. You will then be taken to the Punt Instant Play lobby where we keep all our chart-topping crypto games. To deposit, click on the green “Cashier” icon in the top right corner.

You will now find yourself in the Punt Casino Cashier. Here, you can view your recent transactions, check out your available bonus coupons, claim your coupon codes, request your withdrawals, and of course, make your decentralized casino Ethereum deposits.

Simply select your deposit amount from the options provided or insert your customized ETH deposit amount in fiat currency value. If you’re an Ethereum casino US player, for example, you’ll insert the amount of ETH you’d like to deposit in US dollar value.

Next, choose your payment method – in this case, Ethereum. If it doesn’t appear in the list provided, click on the “Other Methods” drop-down menu and select Ethereum before clicking “Deposit”.

You’re almost ready to start playing Ethereum slots and other exciting crypto casino games at Punt. The final step is very important, and you’ll need to pay attention for a few seconds while completing your ETH casino deposit.

An Ethereum deposit address will then appear on the screen, along with a downloadable QR code. You can use either method to perform your transaction.

To use the deposit address, which is the most common method, simply click the green “copy” icon to copy the address code. You can then paste the address in your crypto wallet to send your funds.

Using the QR code is just as simple, as you can scan the code directly from your mobile device wallet, or download it for later use when making your ETH deposit casino transaction.

Once the funds have been sent from your crypto wallet, they should appear in your Punt Casino account within minutes, if not seconds.

And that’s it, folks. You’ve just learned how to make your first ETH casino deposit, and from here on out it’s smooth sailing all the way. Now you can play Ethereum slots and table games to win real money online. Oh – wait! There’s 1 more important thing to cover – YOUR WELCOME PACKAGE!

Claiming Ethereum Bonuses and Welcome Package at Punt

The first thing you should know is that even though our bonuses and promotional offers are displayed in BTC, you can still claim the equivalent amount in ETH – this happens automatically depending on the cryptocurrency you have deposited.

All Punt Casino bonuses and promotional coupons can be claimed in the Cashier menu under “Coupons” when making your deposit, and you’ll need to insert the coupon code in the field provided to claim your ETH deposit casino bonus.

You will also find a list of recommended promotions to claim, all offering information on wagering requirements (which are outstanding at Punt, by the way), minimum and maximum deposits, coupon codes, and cashout limits.

To claim your 125% bonus up to 3 BTC and a $25 Free Chip with your first ETH casino deposit, insert the bonus code POWERUPNEW and make sure to deposit the minimum amount ($9) to qualify for the deal. You’ll also have access to loads of other exciting bonuses and promotions at Punt, so don’t miss out.

Play the best Ethereum slots and table games at Punt today

You’ve officially unlocked the power of crypto at Punt, the top Ethereum casino in the US. Now it’s time to hit the reels and tables for seismic payouts in our crypto-friendly games. With the best Ethereum slots, table games, jackpot games, specialty games, and much more on the menu, you’ll have access to only the finest ETH casino entertainment on the web. Good luck!

Are crypto faucets worth it? Find out at Punt Casino.

Are Crypto Faucets Worth It in 2022?

October 28, 2022

Are Crypto Faucets Worth It in 2022?

October 28, 2022

Blog » Posts tagged "Ethereum"

How to Use the Best Crypto Faucets in 2022 and Earn Free Bitcoin

Wait a second, free Bitcoin?! Yes, you heard it, free Bitcoin. 10 years ago, that statement would’ve fallen on deaf ears. But today, hearing “free Bitcoin” will have every Tom, Dick, Harry, and Sally scurrying to get a piece of the pie, with free crypto faucets serving them up fresh by the hour.

Crypto faucets are one of the easiest and most popular ways to get free crypto online for doing almost nothing – “almost nothing” being the key words there because when it comes to many of the crypto faucets 2022 has to offer, that’s pretty much what you can expect.

However, it’s still free bitcoin, or other free cryptos, for that matter. And considering the fact that there are actually people out there earning Bitcoin for free on crypto faucet sites, it might be worth a look. Ready to open the tap and find out if crypto faucets really are worth the hype? Let’s start with the basics.

What is a crypto faucet?

If you have no idea what crypto faucets are, have never heard of them before, and are wondering which DIY or hardware stores you can buy them from, then don’t tap out just yet, because we’re about to explain.

Crypto faucets, as misleading as the name may be to crypto newcomers, are actually websites or a crypto faucet app where users can earn free bitcoin online, usually by completing easy tasks such as solving captchas, playing simple games, or watching short advertisements, among others, receiving a small amount of crypto in return.

However, as we all know, getting something for free usually sounds too good to be true, and it also begs the question: what do free crypto faucets get out of the deal, and how does this all work?

How do crypto faucets work?

Many crypto faucets in 2022 are pretty much ad sites, displaying various advertisements on the screen or requiring users to view videos and other ads in order to earn free crypto – ads that the crypto faucet sites get paid for with every clickthrough by users.

What this means is that crypto faucets generate an income through advertising, generating website traffic, or exposing its users to certain information, mostly related to crypto. This is how they fund the “free crypto” that is paid to users for completing the tasks.

The first free crypto faucet was launched in 2010 by a Bitcoin Core developer by the name of Gavin Andresen, who sought to create global awareness of Bitcoin by giving users the opportunity to earn 5 BTC for solving a simple captcha.

Today, that quick and easy 5 BTC payout would be worth just over $100,000 – can you imagine? But, as we all know, it’s not 2010 anymore, and 5 BTC doesn’t just fall into your lap in 2022 – unless you’re claiming the 6 BTC Welcome Package at Punt, that is.

Earn free crypto on the best crypto faucet sites

Using a crypto faucet is very easy, as all you’ll need to do is sign up for an account with whichever trusted crypto faucet app or site you decide to use (we’ll mention a few good ones shortly).

In most cases, the crypto you can earn on free crypto faucets will be displayed in your account balance, and you’ll need to earn a certain amount before you can withdraw.

Remember, you’ll be paid small amounts with each task you perform, as crypto faucets in 2022 pay in Satoshis (1 Bitcoin = 100 million Satoshi), so it might take a while before you can withdraw, depending on the faucet’s threshold and hourly payout amount.

Many of the best crypto faucet websites, such as the original freebitco.in, offer various ways to get bitcoin for free, as well as the opportunity to win some incredible prizes.

After creating a crypto faucet account, you’ll have access to all the different ways to earn free Bitcoin or other cryptos with various menus and guides on the site or app on how to make the best use of a crypto faucet.

Let’s use one of the other top crypto faucets of 2022, Cointiply, as an example. Users can earn “Coins” by completing various daily tasks such as playing games, watching videos, referring other users, and completing surveys, among other ways of earning free crypto.

The primary method of earning Coins is the Cointiply Faucet “Roll & Win”. Here, the user gets a lucky roll after solving a captcha for a chance to win various Coin jackpots for free, which can be done only once every hour. Most crypto faucets and sites have a similar mechanic for the primary faucet method of earning free crypto.

“Coins” are the site’s native currency, and each Coin’s value is tied to the value of the US dollar – kind of like a stablecoin. With this site, in particular, you’ll need to earn a minimum of 50,000 coins before withdrawing Bitcoin in the equivalent US dollar value, or 30,000 coins for Dogecoin, Dashcoin, or Litecoin.

Once you’ve earned enough credits on whichever crypto faucet app or site you use and want to withdraw, you’ll need to provide your crypto wallet address for the payment to be made. If you don’t have a crypto wallet set up yet, we’ve got you covered on that front too with an all-inclusive guide for how to create a crypto wallet.

How to choose the best crypto faucet

Crypto faucets in 2022 may seem very similar to one another at first glance, but you’ll need to dig a little deeper to find the differences between them to decide which is the best crypto faucet for you to earn free crypto. Here’s what to look out for:

How frequently can you use the crypto faucet?

Almost every crypto faucet site where you can earn free crypto has a timer between claims – some sites require only five minutes, whereas others might have you waiting an hour before you can use the faucet again.

The best crypto faucet app or websites will only require a short period of time before you can spin to win free crypto again, but you’ll also need to weigh up the amounts you can win with each roll when taking this point into consideration.

Withdrawal minimums and maximums

Most crypto faucets will only pay a few Satoshis, and in many cases, these will not be paid directly to your crypto wallet. As we mentioned, you’ll have an account balance on the site or app, and you’ll have to reach the crypto faucet’s cashout threshold before you can withdraw. The best crypto faucet sites and apps will have smaller withdrawal limits.

Withdrawal methods and accepted cryptos

Although most crypto faucets will allow you to withdraw funds directly into your crypto wallet when you’ve accumulated enough credits, some may offer different payment methods which might not be as easy. Take the withdrawal methods into account when choosing a crypto faucet app or website to use.

Another important thing to consider is the different cryptos available to earn for free with crypto faucets in 2022. Of course, you want to earn cryptos that actually have value and are fairly prominent in the crypto space – avoid those shitcoins as best you can.

The Final Autoclaim crypto faucet, for example, allows users to claim up to 73 different coins automatically, all at once, on the same page.

How many ways can you earn crypto in the free crypto faucet?

Free crypto faucets might not always offer as many ways to earn crypto as some paid-subscription sites out there, but you will certainly find a crypto faucet app or an online site quite easily that offers many ways to earn Bitcoin for free. Research is key, especially when you want to find a crypto faucet that is worth your time and effort, as minimal as it may be.

Can you make a profit from crypto faucets?

It depends. Have you got the time to log in, watch advertisements, solve captchas, play mini-games, or complete surveys every few minutes for the entire day? The truth is, crypto faucets do offer the opportunity to earn free crypto, but it does take time and effort.

The problem with many crypto faucet users is that they don’t have the stamina to complete enough tasks to earn enough crypto and reach the cashout minimums. Many lose interest, give up, or simply just forget that they’ve signed up with crypto faucet sites in the first place, and never get to the point where they can actually withdraw free crypto.

Since it doesn’t really cost you anything to sign up and use free crypto faucets, then yes, you can certainly make a profit. But reaching the point where you can actually cash out free crypto is another story. But hey, you can always find a crypto faucet app or site with a low withdrawal minimum, earn free crypto, and come multiply your money in over 1,000 casino games at Punt!

More Games

Explore the world of crypto with Punt Casino!

If you’re new to the world of cryptocurrencies and you’re looking to explore, crypto faucets in 2022 are a good option if you want to earn crypto for free and discover what digital currencies are all about.

As the fastest-rising crypto casino in the world, Punt offers many ways to learn about crypto with loads of crypto guides and information packed into our site, so if you’re looking to learn, our blog is a great place to start – not to mention our five-star selection of crypto-friendly games that could see your crypto faucet earnings turn to jackpot payouts with a click of a button.

Claim your welcome bonus at Punt Casino.

The Easiest Way to Claim Your Punt Casino Welcome Bonus

October 25, 2022

The Easiest Way to Claim Your Punt Casino Welcome Bonus

October 25, 2022

Blog » Posts tagged "Ethereum"

Punt Casino’s Welcome Bonus – The Quickest Way to Kickstart the Fun

One of the perks of playing at an online casino such as Punt is the epic bonuses you’re guaranteed to receive. The first of which: an incredible casino welcome bonus! All new players at Punt Casino automatically qualify for a casino welcome bonus of up to 6 BTC and $25 Free Chip.

Use this bonus to explore the thousands of casino games at your disposal. These include a range of the finest crypto slots, table games, progressives, video poker, and more!

Our games are powered by the finest software providers in the industry – which means that you’ll not only benefit from fabulous promotional offers, you’ll be winning from the incredible bonus features in our providers’ slots, too.

But before you can get your hands on these dazzling rewards, starting with your welcome offer, you’ll need to follow a few steps first. Let’s get started!

How to claim your casino welcome bonus

Step 1: Log in (or sign up)

New to Punt Casino? Welcome! We’re thrilled to have you. Create your account now – it only takes a few seconds, and we require very little information from you to get started.

How to sign up at Punt Casino

Click Sign Up in the top right-hand corner
Enter your email address, Punt username, and preferred currency
Click on Sign Up

If you already have an account, simply log in.

Create Account

Step 2: Redeem your coupon

Once you log in / sign up, you’ll be redirected to the Punt lobby. This is where you can get started claiming your welcome bonus!

There are two ways to claim your welcome bonus in the Punt lobby:

Directly through the cashier
By clicking on the promotional banner

Claiming your welcome bonus directly through the cashier:

To get started, click on Cashier
Next, click on Coupons
You’ll see that there are a bunch of promotional offers available on the coupons page. Click on Redeem on the welcome offer promotion banner
A pop-up will appear, containing the details of your welcome offer, which includes the minimum deposit requirement ($9)

Once you’ve redeemed your coupon, you’ll be redirected to a page where you will see the following:

Click on Deposit

Step 3: make a deposit

Depositing into your Punt Casino account is really easy! We’ve put together a bunch of resources for you should you need the help. Read this guide for help on setting up a crypto web wallet, as well as how to deposit and withdraw. We’ve also written a blog on how to make a bitcoin deposit in 6 easy steps – give it a read!

Remember, before you can make a deposit, you’ll need to create a bitcoin wallet (if you don’t have one already). Find out how to do this here.

Getting started:

Deposit into your Punt casino account from your bitcoin wallet

A QR code will pop up, and a Crypto Address will be displayed. Copy the Crypto Address

Copy this address into your web wallet and follow the prompts within your web wallet
Once your deposit has been approved and verified, your welcome bonus will be active!

Start playing!

Now that your welcome bonus has been activated, the real fun begins!

What’s in the fine print?

There are a few nitty-gritty details that you need to be aware of when you claim your welcome bonus:

Your welcome bonus comes with 40x wagering requirements. Not sure what wagering requirements are? Find out here.
You are required to make a minimum deposit of $9 in order to claim the welcome bonus
Your $25 Free Chip also contains 40x wagering requirements, and comes with a maximum cashout of $100. This can only be redeemed after you have made your deposit.

In a rush? Use the quick-deposit method

At Punt Casino, we love to make your life easier. That’s why we’ve added the quick-deposit box on our homepage! Simply enter your deposit amount, your preferred currency, and your deposit method. You can then create an account AND claim your welcome bonus simultaneously using this method!

How to Deposit Bitcoin at Punt Casino

October 12, 2022

How to Deposit Bitcoin at Punt Casino

October 12, 2022

Blog » Posts tagged "Ethereum"

Bitcoin Deposits – Your Guide to Harnessing the Power of Crypto

The world is changing, and with it, the ways in which we go about our daily lives. No, this is not your weekly horoscope. It’s your guide to how to deposit bitcoin at a casino, as by depositing at Punt we put the power of crypto in the palm of your hand.

We’ll have you making your first deposit and claiming that jaw-dropping 6 BTC and $25 Free Chip Welcome Package that everyone is talking about in a few secs, so let’s get you topped up and ready to roll in our blockbuster casino games at Punt.

Why gamble using crypto?

Decentralized: The absence of regulatory authorities means that nobody can freeze your accounts or access your funds without your private pass keys. This allows you total control over your funds.

Safety and security: Crypto transactions don’t contain any of your personal information as traditional transactions that run through banks and third-party payment providers. This means you are better protected from identity theft and from hackers stealing your banking information when transacting online.

Privacy: As personal information is not linked to your crypto transactions, others cannot know who purchased, sent, or received the crypto. However, crypto is also transparent, as anyone has access to information on addresses and their balances in a public ledger – but still, no personal info is attached.

Speed and efficiency: Thanks to the efficiency of blockchain technology, crypto transactions are much faster than fiat transactions, and can be performed from anywhere in the world without affecting the speed of the transaction.

Bigger casino bonuses: Crypto casinos tend to offer much larger deposit bonuses and welcome packages than traditional online casinos – have you seen ours? You can claim up to 3 BTC and a $25 Free Chip on your first deposit at Punt, not to mention our other exciting bonuses up for grabs.

How to deposit Bitcoin at a Casino

Before you’re able to deposit Bitcoin at a casino, you’ll need to set up a crypto wallet and find a safe and reliable crypto exchange to purchase your funds from and top up your player account.

Setting up a crypto wallet and buying your crypto is quick and easy, and will not only give you access to playing at Punt but could change the way you do online banking for good. But for now, let’s focus on funding your account to start your winner’s journey at Punt.

1. Signing Up

There are 2 ways to sign up for a player account at Punt Casino. If you’re a new Punt player and you would like to make your first deposit when signing up, you can use the quick-deposit window in the lobby to sign up, make your first deposit, and claim a 125% bonus up to 3 BTC and a $25 Free Chip at the same time.

The second method allows you to register without depositing for the first time, which means you’ll have an active Punt Casino account when you’re ready to deposit and start playing. To register using this method, click on the blue “SIGN UP” button in the lobby.

You will then be presented with a signup window to complete your information – only an email address and a new password are required to sign up and make your first deposit to start playing at Punt.

You will also need to select your preferred cryptocurrency, as your account funds will be displayed in your selected currency to make it easier for you to know exactly how much you have available in your account.

Once your information is complete, click “Sign up”. You will then be asked to verify your account via the email address provided. Proceed to your email and click on the “Confirm my Email” link, or copy the code and paste it into the field provided when signing up.

Once your code has been pasted and you’ve clicked “Confirm my email” in the registration window, your account will be activated and you’ll officially be a member of the fastest-growing crypto casino in the world – congrats!

You will be taken straight to our promotions page featuring some of our latest bonuses and promotions – give them a browse to find out what’s hot and happening at Punt before clicking on either of the 2 Cashier tabs to make your first deposit.

2. Making your first Bitcoin deposit at a casino

You are now a full-fledged member of Punt – a “Punter” if you will, and ready to take the first step on your Punt Casino journey. Welcome to the Cashier menu, where state-of-the-art encryption technology safeguards your transactional and gaming activity at Punt.

To deposit, you’ll need to first select your deposit amount from those provided ($100+ will give you the best value for money if you’re claiming a bonus) or you can enter your deposit amount manually.

The 2nd step is to choose your crypto payment method from the list provided – we accept Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Binance Coin, Dogecoin, Tether, and Ripple. Once your deposit amount is entered and you’ve selected your crypto, click “Deposit”.

You will then be presented with a crypto deposit address that can be copied and pasted into your wallet to perform the transaction and a downloadable QR code that can be used to deposit if you’re using a mobile crypto wallet with QR code functionality.

Simply copy the code and complete the transaction within your crypto wallet, or scan the QR for a quick and seamless deposit. Remember to deposit the correct amount (the amount chosen in the deposit window) when depositing.

Your funds, along with your bonus funds from the Welcome Bonus (if you’ve claimed it) will appear in your account in a matter of minutes, if not instantly. You can then start betting with your favorite crypto in any of our exceptional casino games at Punt.

More Games

3. Claiming the Welcome Package and Casino Bonuses

Each of our bonuses and promotional offers at Punt, including the 6 BTC and $25 Free Chip Welcome Package, require a bonus code to be claimed in the Cashier menu.

You can find these bonus codes when checking the info on our best offers on the menu after logging into your account, or you view the suggested offers under “Coupons” in the Cashier menu.

Remember to read the terms and conditions of each bonus before claiming, and make sure you deposit enough funds to make the best of our stellar offers.

Top up and take charge at Punt Casino now!

You see? You can deposit Bitcoin at a casino like Punt with ease, plus you can take advantage of all the benefits of crypto gambling in our top online casino games in just a few easy steps. Well, what are you waiting for? Top up your new Punt account now and let the winning begin!

The Best (and Worst) Cryptocurrencies for Gambling

September 1, 2022

The Best (and Worst) Cryptocurrencies for Gambling

September 1, 2022

Blog » Posts tagged "Ethereum"

Want the Best Cryptocurrencies for Gambling? Check This Out!

Never gambled with cryptocurrency before, but are interested in the idea? Luckily for you, Punt Casino is the perfect place to start. Plus, this comprehensive guide on the best (and worst) cryptocurrencies for gambling with will boost your crypto confidence even more!

One of the harder parts is deciding which coin you want to gamble with – which is why having an overview of the best (and worst) cryptocurrencies for gambling is so helpful. But first, let’s cover the basics of how to gamble using cryptocurrency, including the advantages of gambling with crypto, and how to set up a crypto wallet.

Advantages of gambling with cryptocurrency:

Before we get into the best, and worst, cryptocurrencies for gambling, let’s delve into a few of the myriad benefits of gambling using crypto! It’s become an increasingly popular way to play, and it’s not hard to see why when you consider that:

It’s secure
Has lower fees
It’s private (no personal information is attached to your crypto wallet – all we need is an email address and a crypto receiving address to pay out your winnings)
It makes instant deposits and faster withdrawals possible (transactions are processed in a few minutes, unlike the longer wait time associated with fiat currencies). See more on the speediness of crypto withdrawals here

How to get started: open a crypto wallet, add funds, and deposits

Step 1 – Open a cryptocurrency wallet

We’ve outlined the best Bitcoin wallet options for 2022 right here. Not sure what a crypto wallet is? It’s a digital tool that is used to store and manage your cryptocurrency. Using a crypto wallet, you can access, send and receive crypto. Perfect for transacting at an online casino such as Punt!

Once you’ve decided on your preferred wallet, read our guide on how to set up a crypto wallet.

Step 2 – Buy your coins

Naturally, in order to gamble with crypto, you’ll have to buy coins first. Now that you’ve set up your crypto wallet, you’ll be able to purchase your preferred crypto using traditional (also called ‘fiat’) currency. Select the crypto coin of your choice, determine how much of it you want to buy, and, in no time at all, the crypto will reflect in your crypto wallet.

Step 3 – Pick your casino.

This is the easy one. If you’re new to Punt Casino, create your player account here (it only takes a few seconds).

Create Your Account

Step 4 – Deposit

Now that you’ve picked your wallet, have purchased your coins, and have signed up at Punt Casino, it’s time to deposit! Don’t forget to claim your welcome bonus: up to 6 BTC + 100 Free Spins.

This three-tiered welcome offer can be unlocked on each respective minimum deposit – outlined below:

Make a minimum first deposit of $10 and get a 125% match up to 3 BTC, as well as 100 Free Spins on Punt’s top slots!
Make a second deposit (minimum of $20 required), and unlock a 75% match up to 1 BTC
Make a third deposit (minimum of $20 required), and unlock a 75% match up to 2 BTC

Step 5 – Start playing!

This is where the fun really begins. You have thousands of the finest slots, tables, progressive and live dealer titles at your disposal. Go wild!

Now that you’ve got the basics down, let’s take a look at the best (and worst) cryptocurrencies to gamble with:

The best crypto coins to gamble with

To date, there are over 19,000 cryptocurrencies. This is a pretty overwhelming number, and this makes it especially challenging to discern between those that are the real deal, and those that aren’t. This guide on how to spot a shitcoin is a good start.

Let’s jump right in to the best cryptocurrencies to gamble with:

Bitcoin (BTC)

The first ever crypto, Bitcoin is, without a doubt, the most popular crypto. It’s also one of the most widely accepted cryptocurrencies at online casinos. It’s also a lot less volatile, one of the major factors contributing to its popularity. Plus, with a major focus on security, it’s the ideal coin to use when making larger transactions. Luckily for you, this crypto is supported at Punt! Find out how to make a casino bitcoin deposit right here.

Bitcoin Cash (BCH)

Bitcoin Cash is another popular crypto that we recommend – and of course, it’s supported at Punt! Bitcoin Cash is popular with players because it allows for faster and cheaper withdrawals – ideal if you’re making smaller transactions.

Tether (USDT)

Tether’s value is tied to the United States Dollar, with a relatively consistent value that hasn’t veered much away from the US dollar’s value. This coin is another popular cryptocurrency, and – due to its status as a stablecoin – is a lot less volatile than other cryptos.

Ethereum (ETH)

Ethereum is, like Bitcoin, one of the more popular cryptos – and those that don’t play using Bitcoin likely are playing using Ethereum. This coin is also one of the most supported cryptos at online casinos in general.

Other popular cryptos that are the best to gamble with include:

Cardano (ADA)
Dogecoin (DOGE)
Litecoin (LTC)
Ripple (XRP)
Binance Coin (BNB)

The worst crypto coins to gamble with

Now that you have an idea of the best cryptos to gamble with, we’re sure you’re itching to find out which ones to avoid. These are the worst cryptocurrencies to gamble with:

Shitcoins

There are some cryptocurrencies that are valueless, lack longevity, and should be avoided at all costs (for more on shitcoins to avoid, read this). These coins are notorious for capitalising on the naivety of those that are a novice in the crypto space, and who haven’t done the adequate research required, causing them to lose money in the process. And, although it may be tempting to purchase these, as they are generally cheaper, they provide little – if no – return on investment. They can actually lead to you lose money!

With that said, here are the worst coins to gamble with in 2022, based on performance:

Poor performing cryptos

These cryptos have failed to get in the green zone, with a poor return on investment. Strike them off your list right now!

Aave
Algorand
Arweave
Celsius
Filecoin
Hedera
Helium
Loopring
Stacks
Theta
THORChain
Paxos Standard
Zilliqa

Naturally, these are the coins you’d want to avoid. We don’t support these currencies at Punt, so there’s that. But, it’s helpful to know should you be considering investing in crypto, or wish to play at a casino that does offer these cryptocurrencies.

Feeling more confident? We hope so!

Now that you’ve done the research (the hard part), we reckon you deserve a crypto bonus. Luckily for you, Punt has tons of them!

Biggest Crypto News Last Week

US Stablecoin Launched on Bitcoin

EA and Nike Sign Groundbreaking Partnership

Grayscale Victory Would Not Guarantee Bitcoin ETF

Trending stories:

The World’s #1 Crypto Casino Awaits!

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

What Is HODL? The History of HODL and Meaning Explained

So, what is “HODL”, or “Hodling” all about?

Surprise, surprise! HODL is NOT an acronym

“not part of that group”

A meme is born

What is HODL today? A solid message

HODL is more than a meme

Everything that happened to FTX and what you need to know

The FTX Empire Grows

Coindesk Cries Foul

Here Comes the Run

Bankman-Fried Reaches Out

Binance Pulls Out

FTX Can’t Fill the Hole

Damage Will Take Months to Come Out

How to Deposit Ethereum at Punt to Play ETH Casino Games Online

Why gamble with Ethereum?

How do I gamble online with Ethereum?

How to deposit Ethereum at Punt Casino

Step 1: Create Your Punt Casino Account

Step 2: Depositing ETH to gamble online at Punt

Claiming Ethereum Bonuses and Welcome Package at Punt

Play the best Ethereum slots and table games at Punt today

How to Use the Best Crypto Faucets in 2022 and Earn Free Bitcoin

What is a crypto faucet?

How do crypto faucets work?

Earn free crypto on the best crypto faucet sites

How to choose the best crypto faucet

How frequently can you use the crypto faucet?

Withdrawal minimums and maximums

Withdrawal methods and accepted cryptos

How many ways can you earn crypto in the free crypto faucet?

Can you make a profit from crypto faucets?

Explore the world of crypto with Punt Casino!

Punt Casino’s Welcome Bonus – The Quickest Way to Kickstart the Fun

How to claim your casino welcome bonus

Step 1: Log in (or sign up)

Step 2: Redeem your coupon

Step 3: make a deposit

Start playing!

What’s in the fine print?

In a rush? Use the quick-deposit method

Bitcoin Deposits – Your Guide to Harnessing the Power of Crypto

Why gamble using crypto?

How to deposit Bitcoin at a Casino

1. Signing Up

2. Making your first Bitcoin deposit at a casino

3. Claiming the Welcome Package and Casino Bonuses

Top up and take charge at Punt Casino now!

Want the Best Cryptocurrencies for Gambling? Check This Out!

Advantages of gambling with cryptocurrency:

How to get started: open a crypto wallet, add funds, and deposits

Step 1 – Open a cryptocurrency wallet

Step 2 – Buy your coins

Step 3 – Pick your casino.

Step 4 – Deposit

Step 5 – Start playing!

The best crypto coins to gamble with

Bitcoin (BTC)

Bitcoin Cash (BCH)

Tether (USDT)

Ethereum (ETH)

The worst crypto coins to gamble with

Shitcoins