USD Coin Casinos

Bitcoin casinos provide one of the most popular ways to play online slots without having to share account numbers during a deposit or casino payout. They’re not the only option. One of the fastest markets has become the USD Coin casino. It’s just as secure and offers the same anonymity that draws players to cryptocurrency casinos.

The iGaming market just about doubled between 2019 and 2024. It’s a market worth more than $88 billion in 2024 per the Global Online Gambling Market report from Research and Markets. It’s also expected that it could easily double by 2030 and be worth well over $161 billion.

Sports betting accounts for almost half of the iGaming revenue around the world. What’s most important is that the crypto iGaming market has reached $250 million. Go back to 2021 and cryptocurrency accounted for just over 8% of the sports betting market. It’s growing at a remarkable rate.

However, Bitcoin isn’t the only player out there. USD Coin is gaining in popularity. Our guide to USD Coin casinos can help you figure out how to use it and where to play games using USD Coin.

The History of the USD Coin

The USD Coin is a type of digital currency that’s tied to the US dollar at a value of 1 to 1. One USDC is worth $1, making it very easy to use and understand. It’s regulated and reserved, so it’s safe to use it.

As of July 18, 2024, $33.6 billion USDC is in circulation and $33.8 billion are in financial reserves for immediate liquidity. Transactions with USDC are settled instantly, no matter what day of the week it is or if it’s on a holiday, which makes it more appealing for fast casino transactions.

Circle created the USD Coin in 2013. It’s the second-largest stablecoin with a market cap of close to $34 billion. Since its creation, Hong Kong, Japan, and Singapore all have laws in place that embrace and regulate USDC transactions. Circle Singapore holds Monetary Authority of Singapore licensing. In Asia, more than half of the population regularly uses stablecoin options. The same is true in Europe and South America. In the U.S. and Canada, 88% of foreign transactions involve USD, which makes the USD Coin highly valuable for casinos.

Using USD Coin: Deposits and Withdrawals Guide

Set Up a USDC Wallet
Create a wallet and purchase USDC from exchanges like Binance, Coinbase, Crypto.com, or Kraken. Coinbase offers over 5% for holding USDC.
Access Casino Cashier
Go to the casino cashier, select USDC option, and copy the casino wallet address.
Transfer USDC
From your wallet, send the desired amount to the casino address. Transactions are instant with minimal or no fees.

Request Payout
In the cashier, choose USDC withdrawal and enter amount, ensuring it meets minimums.
Enter Wallet Address
Provide your USDC wallet address.
Verify if Required
Complete KYC if needed with ID and proof. Funds arrive in minutes.

Are There Fees or Rules to Know?

It’s uncommon to find a casino charging a fee for a USDC deposit or withdrawal. As long as you have met any wagering requirements and cashout restrictions if you claimed a deposit bonus, you shouldn’t have a problem. The only other thing to watch is that you have met the casino payout minimum and not exceeded the maximum, which may keep your withdrawal from getting processed.

Casino help and support teams are a good source of information when it comes to USDC transactions. You can also reach Circle on their support page for guidance.

Pros and Cons of Using USD Coin in an Online Casino

One of the biggest cons to using USD Coin in an online casino is that U.S.-friendly casinos are limited. Most USDC casinos cater more to international players.

Because stablecoins are a trending technology, not all iGaming software developers have added crypto support to their games. Some of the big players have embraced it, including some of our favorite developers.

Not all casinos provide bonuses if you don’t use a credit or debit card. Because of these policies, you may not qualify for a welcome bonus or reload offer. This isn’t always a negative, however, as some players dislike high wagering requirements and cashout restrictions.

Protection of your PII is one of the best reasons to choose casinos that welcome stablecoins. You’re not having to upload your bank account information to a casino and hope for the best. You can also access transaction histories in the blockchain ledger before determining if you’re comfortable with a casino before adding funds.

USDC deposits take no more than a few minutes to complete. The speed is a definite pro.

Crypto-Friendly Casinos Accepting USD Coin

Many online casinos now support stablecoins like USD Coin for deposits and withdrawals. Here are some popular options filtered for crypto support:

Tips For Getting Started With USD Coins

If you want to sign up with USD Coins and a casino that welcomes USDC, make sure you read the full terms and conditions to ensure you’re allowed to play there.

Our recommendation for a wallet is Coinbase as it’s the largest and does offer a cash incentive for storing your coins there. It’s a lot like bank interest, and that makes it rewarding.

Once you’ve set up your wallet and purchased USDC, choose a casino, head to the cashier, click USDC, and add funds to start playing games. It’s that easy and so incredibly fast.

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