Not so long ago (2010), owning an e-wallet like PayPal gave you an incredible advantage in the casino space. An e-wallet allowed you to deposit and withdraw money fast, safely, and conveniently.
Today, digital wallets are no longer the only convenient means of payment at online casinos. Crypto is giving e-wallets and credit/debit cards a run for their money.
In this article, we’ll look at crypto gambling through the lens of Metamask crypto wallet.
What is Metamask?
Metamask is a mobile wallet used for storing cryptocurrencies built on the Ethereum network. ConsenSys, one of the largest Blockchain developers in the world, created Metamask in 2016.
As an Ethereum-centric crypto wallet, Metamask supports ERC-20 cryptocurrencies like Tether, Cardano, Polkadot, USD coin, Binance Coin, and Terra Luna.
Beyond storing crypto, Metamask has tools that allow you to do the following:
- Send and receive Ethereum or ERC-20 coins
- Swap Ethereum for other tokens
- Buy, sell, and swap Non-Fungible Tokens (NFTs)
- Play crypto games
- Access and use Ethereum Decentralized Apps
- Connect to different networks like the BNB Smart Chain
Metamask supports a wide variety of operating systems. You can use it as a browser extension on a PC or Mac. You can also download it on your iOS or Android device.
Metamask is a free cryptocurrency wallet designed for people who own and use Ethereum or ERC-20 tokens. It has more than 30 million users, a majority of whom love and rely on the wallet for securing their digital currencies.
Metamask in Gambling: How it Works
Metamask is no longer just a crypto wallet. It also allows you to buy and sell cryptocurrencies. If you’re a casino fan with a Metamask wallet, below is a short process on how you can use your wallet to gamble online.
Step 1: Find a Metamask Casino
Although the number of crypto casinos keeps growing, a significant number of them support Bitcoin only. Some support both Bitcoin and Ethereum but lack support for ERC-20 tokens.
In light of that information, find a Metamask gambling site. Look for the best Metamask casino sites and then choose one with your favorite slots and card games. Also, consider its payout speed, bonuses, and reputation.
Most Metamask casinos welcome you with bonuses. Choose a site with both welcome and loyalty bonuses. Also, factor in software providers. Many betting sites feature games from well-known providers like Evolution, NetEnt, and Microgaming.
But as someone who enjoys crypto, you need a casino with crypto games. Blockchain-based games are provably fair, meaning they’re safe to play.
Step 2: Setup Your Metamask Wallet
If you haven’t installed Metamask on your smartphone or laptop, set up the wallet. Install the browser extension if you spend a lot of time on your computer. Otherwise, get the mobile app for your iPhone or Android device.
Setting up Metamask takes at least five minutes. You need to create an account with a password. Additionally, you’ll receive a 12-seed phrase you must keep securely if you ever need to back up your account.
Step 3: Buy and Deposit Crypto into Your Casino Account
Now that Metamask allows you to buy crypto on its platform, you no longer need to visit a third-party exchange. Use your credit card or PayPal account to buy Ethereum, USDT, or another ERC-20 coin.
Keep in mind that Metamask does not support Bitcoin and other cryptocurrencies not created on the Ethereum network. If you own Ethereum or another supported coin at a crypto exchange, you can transfer the funds to your Metamask account.
Next, deposit some of your crypto into your chosen Metamask casino. You can deposit as little as 10 USDT coins at the best crypto casinos. The maximum you can deposit ranges from 10,000 USDT to 100,000 USDT.
Step 4: Claim a Bonus and Play
Bonuses spice up your casino experience. So, claim a first-deposit promotion to increase your bankroll. The best casinos match your deposit 100%. If you deposit 100 USDT, you’ll receive an extra 100 USDT as a bonus.
With a bonus and your deposit in your account, the next step is to select games to play. If you select Blockchain slots and table games, you don’t need to convert your crypto into fiat.
If you’re planning to play slots from traditional developers, you might need to convert your USDT/ETH into an-house currency. It’s free to convert to a casino’s currency. This currency only exists to make it possible to play popular slots using crypto.
Step 5: Withdraw Your Winnings Back to Metamask
If you’re like many casino players, you love to enjoy your winnings. You love to withdraw some of your profits and spend it on something fun. In that case, cash out your winnings into your Metamask account.
The best crypto casinos process withdrawals in less than 24 hours. The process might take longer if identity verification is required. But if you’ve already done this step, the withdrawal process can be much quicker.
Metamask versus other Crypto Wallets
Metamask is one of many crypto wallets in the world. What sets it apart from the rest? Is there a better wallet than Metamask?
While you can use tons of wallets to store cryptocurrencies, people love Metamask due to several reasons.
- Safe: Metamask keeps your crypto safe, which is the number one thing you should consider in a crypto wallet.
- Convenience: Metamask is a great wallet if you like to access your coins easily on a variety of devices. It is also easy to use.
- Versatile: this wallet allows you to buy and sell Ethereum-affiliated cryptocurrencies. You can also swap or store your coins. Additionally, you can buy NFTs through your Metamask wallet.
- Stores thousands of coins
Conclusion
If you’re a fan of Ethereum and ERC-20 tokens, Metamask is worth owning. You can buy it alongside a cold wallet. This way, you can store most of your coins in your cold wallet and some coins on Metamask.
If you like gambling, Metamask makes casino gaming fun and accessible. It supports all the major ERC-20 coins. It is fast, safe, and reliable.
