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How to Deposit Litecoin at Punt Casino.

LTC Casino: How to Deposit in 6 Easy Steps

November 14, 2022

LTC Casino: How to Deposit in 6 Easy Steps

November 14, 2022

Blog » Posts tagged "Litecoin"

LTC Casinos: Depositing Made Simple

Dubbed ‘the silver to bitcoin’s gold’, litecoin was one of the first altcoins in circulation – having been developed a mere two years after bitcoin.

Since then, LTC casino business has been booming – with a steady increase in the popularity of LTC casinos due to its many benefits, including the ability to gamble anonymously.



4 reasons why LTC casinos are so popular

If you’re interested in using litecoin to gamble, then you’ll be thrilled to know that this is a top choice for many novice and seasoned gamblers. LTC gambling is advantageous for myriad reasons, some of which we’ve outlined below:

  1. Deposit and withdraw using litecoin from anywhere in the world
  2. Enjoy lower transaction fees
  3. Have your deposits and withdrawals processed with super-speed
  4. Benefit from heavily fortified transactions thanks to secure cryptography

Now that you know how immensely beneficial LTC casinos are, it’s time to look into LTC casino deposits. Let’s get started!


How to deposit at an LTC casino

Not all casinos have litecoin deposits as an option – but you’ll never have to worry about that at Punt Casino, where multiple cryptocurrencies are supported, and you can deposit using bitcoin, bitcoin cash, ethereum, binance coin, and ripple!


Here’s how to get started depositing with litecoin:

If you’re new to the world of crypto, you most likely don’t have a crypto wallet set up yet. No sweat – it’s incredibly easy to set one up. We’ve outlined the steps you need to follow to create a crypto wallet here.

Open a crypto wallet to deposit your litecoin.

You will need to use this crypto wallet to purchase your litecoin, and to deposit into your Punt account.

Once that’s sorted, there are two ways that you can deposit litecoin into your account:


Option 1: By making use of the quick deposit window on Punt’s homepage

When you make a deposit using the quick deposit window, you’re able to create an account, make your deposit, and claim the first part of your welcome bonus (125% up to 3 BTC and $25 Free Chip) simultaneously.

Quick deposit window at Punt Casino.


Option 2: By logging in and navigating straight to the cashier

If you want to sign up at Punt Casino, but don’t want to make a deposit straight off the bat, you can do so through this method.

Simply click on the blue Sign Up button at the top left of your screen. Enter your details (email, password, and preferred currency). Once you’ve completed the sign up process, navigate to the Punt Cashier.

Next, select your deposit amount (or enter it manually). Choose Litecoin as your deposit method. Then, click Deposit.

Copy the web address and paste this into your crypto wallet. Alternatively, scan the QR code for even quicker access. Then, deposit the amount that you chose in the deposit window into your crypto wallet.

Once the deposit has been verified and approved, your funds will instantly appear in your account! If you’ve taken up your welcome bonus, that will appear in your account, too.


It’s that easy! Now, the real fun begins

Next – it’s time to explore the thousands of games at your disposal, and benefit from a premium litecoin casino experience from the moment you start playing.

Punt Casino game lobby.

Play at Punt


Why Should I Gamble with Litecoin?

Like, obvs.

Litecoin is a decentralised, peer-to-peer virtual currency that can be used to make payments anywhere in the world. It offers lower processing fees and faster transactions – ideal if you’re using it to gamble at an LTC casino.

There are myriad benefits to gambling with litecoin, which have been listed below. Let’s take a look:


LTC Casino Benefits


Litecoin can be used anywhere in the world

You can make litecoin deposits and withdrawals at any supporting casino, from anywhere in the world. Forget about the restrictions and limitations of traditional payment methods, which may be geo-restricted. With litecoin, you can deposit and withdraw at any time – no matter where you’re playing from.

Litecoin transactions are known for being super fast

You already know that transactions using cryptocurrency are processed much quicker than traditional (fiat) currencies. With litecoin, this is even more apparent. This means that you can get your winnings much quicker than if you were playing with a debit or credit card, for example. Litecoin is even faster than bitcoin – with the average transaction taking a mere 2.5 minutes to complete, in comparison to bitcoin’s 10 minutes.

Litecoin transactions are incredibly safe

All crypto transactions are protected by blockchain technology that uses secure cryptography. The blockchain acts as a digital ledger that records each and every litecoin transaction – making it impervious to being altered. Additionally, only the individual with the key and password can access their litecoin account – which means it cannot be accessed by anyone other than the account holder.

Litecoin has low fees

One of litecoin’s advantages is the low transaction fees. Litecoin is cheaper than fiat currencies. Plus, when you play at a casino such as Punt, there are no additional transaction fees.


LTC casino deposit recap

Now that you’ve got the 411 on depositing with litecoin, you’ll notice how incredibly seamless (and simple!) it is. For a quick recap:

  • Step 1 – Navigate to the quick deposit window on the Punt Casino homepage
  • Step 2 – Enter your deposit amount and select your currency (for example, USD) from the drop-down menu
  • Step 3 – Choose Litecoin as your payment method
  • Step 4 – Copy the web address into your web wallet
  • Step 5 – Deposit into your Player Account from your web wallet
  • Step 6 – Claim your welcome bonus: up to 6 BTC and a $25 Free Chip

Happy gaming!


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 "Litecoin"

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.

FTX fraud shoes how quickly a crypto giant can fall.

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.

Coinbase had longstanding issues with FTX.

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 won't save FTX from falling.

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.

The FXT collapse is going to be felt for months to come.

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.

Punt Casino games catalog

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 "Litecoin"

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.

The first free bitcoin faucet offered 5 Bitcoins for just 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, offer various ways to get bitcoin for free, as well as the opportunity to win some incredible prizes.

The Free Bitcoins website offers users the opportunity to earn free bitcoin in 2022.

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.

The Cointiply free crypto faucet in 2022.

“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 Free Bitcoins website allows users to earn free crypto using a crypto faucet every hour.

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.

The Final Autoclaim crypto faucet from Dutchycorp offers users the chance to earn 73 cryptocurrencies for free using a crypto faucet on the site.


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!

Games available to play using crypto at Punt Casino.

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.

Punt Casino games catalog

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 "Litecoin"

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.

Punt Casino hero image.

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.

Register an account at Punt Casino.

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)

Click Redeem in the cashier.

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

Click on deposit once you've redeemed your coupon.

  • 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

Click on deposit as your next step.

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

Copy the web wallet 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 "Litecoin"

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.


Some exciting casino bonuses to claim at Punt Casino.


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.


Punt Casino deposit window.


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.


Sign up at Punt Casino.


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.


Registration form at Punt Casino.


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.


Confirm email at Punt Casino.


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.


Making a deposit at Punt Casino.


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.


Finalizing a deposit at Punt Casino.


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.


Some of the casino games available to play using cryptocurrency at Punt Casino.

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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.


Claiming coupons and bonus codes at Punt Casino.


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.


Some of the bonus offers available to claim at Punt Casino.


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!

Punt Casino games catalog

Crypto wallet image.

Crypto Wallet Guide: How to Create a Crypto Digital Wallet

September 25, 2022

Crypto Wallet Guide: How to Create a Crypto Digital Wallet

September 25, 2022

Blog » Posts tagged "Litecoin"

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

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

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

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


What is a Crypto Wallet?

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

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

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

Crypto wallets can hold many different cryptos at once.

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


Types of crypto wallets

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

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


Software wallets / hot wallets

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

Trust Wallet software bitcoin wallet for crypto.


Hardware wallets

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

Top hardware wallets for crypto.


Custodial and non-custodial wallets

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


Custodial wallets

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


Non-custodial wallets

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

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


Software wallets

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

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

Trust Wallet mobile app.


Installing a software wallet

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

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

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

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

Depositing crypto is easy with Punt Casino's quick-deposit window in the lobby.


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


Using a software wallet

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

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


Securing a software wallet

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


Hardware wallets

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


Installing a hardware wallet

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

Setting up a hardware crypto wallet.

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

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


Using a hardware wallet

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

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

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


Securing a hardware wallet

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



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

Hot wallet vs cold wallet for storing cryptocurrencies.

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

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

Punt Casino games catalog

How to use Coindraw at Punt for instant crypto withdrawals.

What Is Coindraw? Your Ticket to Lightning Withdrawals at Punt

September 23, 2022

What Is Coindraw? Your Ticket to Lightning Withdrawals at Punt

September 23, 2022

Blog » Posts tagged "Litecoin"

How to Use Coindraw for Faster Crypto Withdrawals at Punt

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

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


What exactly is Coindraw and how does it work?

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

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

The Punt Casino Welcome Package offers up to 6 BTC in bonus funds and 100 free spins across the first 3 deposits.

Claim Now

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


Coindraw crypto withdrawal requirements:

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

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

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

Using Coindraw for instant Bitcoin withdrawals at Punt Casino.


Are there withdrawal limits?

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

Crypto games at Punt Casino.

More Games

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

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


Take advantage of speedier withdrawals at Punt Casino

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


Coindraw FAQ

What is Coindraw

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

How does Coindraw work? 

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

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

Where do I sign up for a Coindraw casino withdrawal?

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

Punt Casino games catalog

The best and worst cryptocurrencies.

The Best (and Worst) Cryptocurrencies for Gambling

September 1, 2022

The Best (and Worst) Cryptocurrencies for Gambling

September 1, 2022

Blog » Posts tagged "Litecoin"

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

How to create a crypto 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

Buy coins to use for gambling at Punt.

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

Deposit at Punt Casino.

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!

Over 200 handpicked titles are yours to explore! Play any of RealTime Gaming’s crypto titles right now.

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:


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!

Cold wallet storage is more important than ever in the cryptocurrency space.

Protect Your Crypto Like the Pros – The Complete Cold Wallet Storage Guide

August 23, 2022

Protect Your Crypto Like the Pros – The Complete Cold Wallet Storage Guide

August 23, 2022

Blog » Posts tagged "Litecoin"

Is Cold Wallet Storage the Ultimate Crypto Storage Option?

When it comes to storing your crypto, there are a few ways you can do with it, each of which strikes a balance between security and convenience. 

On the one hand, there is holding your crypto on exchanges, which offers you instant access to your funds for trading but carries the biggest security risk. 

On the other hand, there are ultra-secure air gapped hardware wallets that the army would use if it held crypto. Somewhere on this scale is a happy medium, and it is this happy medium, known as a cold wallet, that we will explore today through our guide to cold wallet storage.


Why Are Cold Wallets Better?

Regarding crypto storage, there are two types available – ‘hot’ wallet storage and ‘cold’ wallet storage.

Hot wallets are those that are almost always connected to the internet. These include mobile wallets, computer desktop wallets, and exchanges. These wallets are very convenient and are more secure than they used to be, but they still present several security risks.

On the flip side, we have cold wallets. A cold wallet is a wallet that is not connected to the internet, except when used to manage the wallet in question. These sit at the other end of the security/practicality spectrum due to the fact that there are more steps involved in using them, but they are much safer. 

Cold wallets often come in the form of hardware wallets such as Ledger or Trezor – USB devices that act as the gateway to your crypto holdings – and paper wallets, the kind that Bitcoiners have been using since 2011 to store assets offline. Especially during times of crypto market turbulence.

Wise heads in the crypto space will tell you that cold wallet storage is the way to go, so what exactly are the benefits of a cold storage crypto wallet over a hot wallet? Let’s find out.


Many consider Ledger to be the leading name when it comes to cold wallet storage.


How Are Coins Held on a Blockchain?

Before we learn about hot and cold wallets, we need to know how crypto is actually stored on a blockchain.

The key thing to remember about crypto wallets is that, unlike with a regular wallet, your crypto is not actually sent to the wallet. This is because of how the blockchain works. In many ways a crypto wallet, be it hot or cold, is like a banking app – the money is not actually in the app, it is in a bank account that you are accessing through the app. 

This is the same with a crypto wallet – your crypto is sitting on an address on the blockchain, and the only way to access it is through an app of some sort. So think of your cold wallet as a key to your safe, rather than the safe itself.

With that understood, let’s learn about cold wallet storage.


What is a Cold Wallet?

Cold wallets are simply crypto wallets that are not connected to the internet, apart from when coins are being sent or received. This is in contrast to hot wallets, such as a mobile wallets, which are connected to the internet whenever the device is – which is almost all the time. 

The window of opportunity for a hacker to do nefarious things is vastly reduced with a cold storage wallet option, although the risk is not mitigated entirely.

Another reason a crypto cold wallet is more secure than a hot wallet is that it is entirely in your possession, as are the coins within it. This means that the only way someone can gain access to the coins associated with the wallet is through physically accessing the device itself. 

Even if someone were to somehow get their hands on your cold wallet they would need a password or some other kind of login in order to do anything with the funds, representing another layer of security. This is different from a hot wallet, where access to your funds typically sits on a central server, a server whose security methods you have no idea about.


Trezor is also making a name for itself as a cold wallet storage creator that can be trusted.


Can a Cold Wallet be Hacked?

Along with this idea of personal security comes the concept of controlling your funds. This can be boiled down to a key mantra in the crypto space – not your keys, not your coins. 

This famous phrase refers to your private key, which is akin to the password of a banking app, allowing you to restore access to your cold storage wallet should you lose the device itself or it malfunctions. It is therefore very important, as anyone who has it can get into your Bitcoin cold wallet and take your funds.

When you are informed of your private key, write it down somewhere and keep it very safe (not online of course). If your cold storage wallet for cryptocurrency breaks or you lose it, don’t panic – as long as you have this private key or mnemonic you can restore access to your funds on another device. 

This is the advantage of having the coins stored on the blockchain and the cold wallet storage device being a portal, rather than it being the location of the coins themselves.

If you are very careful with your private key, the chances of your cold wallet USB device or paper wallet being hacked are extremely low. The only other risk you face is downloading rogue software, but if you download from official sources you will almost certainly have a hack-free experience with a crypto cold wallet.


How to Use a Cold Wallet

Using a cold storage crypto wallet is much easier than it used to be, which has helped drive their popularity. 

Cold wallet crypto devices now come with dedicated software, which is what you will use to manage the coins in the wallet. It’s simply a case of plugging the cold wallet into your computer and logging on to the program – once you’re there you can check your portfolio, send funds, and in some cases even stake your coins. 

If you generate a transaction you need to confirm it on the cold storage wallet itself before it will proceed. This is a security feature that ensures no one can remotely move the funds in your wallet.

Paper wallets are a little more complicated, but still worth exploring, seeing as they’re much less expensive than a cheap cold wallet – they’re completely free. When you send funds to a paper Bitcoin cold wallet address you will be left with a QR code and a private key to print out. 

The QR code is in effect your free hardware wallet and the private key is, as we know, the way you unlock it, so whatever you do, don’t store them in the same place.

When you want to check the contents of the paper cold storage wallet or send funds from it, you can use the QR code using a resource such as, enter the private key and you will have access to the funds in the wallet.


Paper wallets as a form of cold wallet storage is still as a reliable as ever.


Is a Cold Wallet Really Necessary?

Hopefully, this guide has left you with the firm impression that, indeed, cold storage wallets, whether a fancy USB hardware wallet or a piece of paper, are worth their weight in gold (or Bitcoin).

Most reputable crypto outlets, even exchanges, recommend holding the bulk of your crypto in a cold wallet for security purposes and only keeping a small proportion in a hot wallet for easy access. 

Cold wallet storage technology has come along leaps and bounds in recent years – almost like the casino VPN market – and prices have come down, making cold storage wallets much more affordable for the regular crypto user. You don’t even need the best cold wallet on the market – even a cheap cold wallet will keep your funds more secure than a hot wallet.

They each have their pros and cons, but what constitutes the best cold wallet for cryptocurrency is something only you and your budget can decide. However, with paper cold storage wallets still absolutely free and more secure than any hot wallet or an exchange, there’s no excuse for not taking the best care possible care of your crypto balance.

The Bitcoin market might be wobbling, but so is the wider economic space in 2022.

Don’t Panic! It’s Not Just Crypto That’s Feeling the Heat

August 16, 2022
Common casino game questions answered at Punt Casino.

Common Casino Game Questions Everyone Wants Answered

November 14, 2022