Coinpayments Casinos - Safe Deposit

CoinPayments is a wallet that allows you to pay using cryptocurrencies and other digital assets and funds. Because of its many features and compatibility with over 2,000 currencies and tokens, it has become a popular wallet among traders, investors, companies, and crypto users.

You may also take advantage of the PoS (point of sale) capability. Because of this, you may now accept individual payments via your sales channels.

Furthermore, CoinPayments offers a "shopping cart" connection option that is compatible with the majority of significant e-commerce platforms. This makes it easy for you to buy and pay in Bitcoin.

The CoinPayments wallet supports GAP600 confirmation, which, unlike conventional Bitcoin payments, provides instantaneous payments. There is also an automatic currency conversion option built in. This saves you time and money when calculating the conversion rate.

It is recognized as a sleek wallet with excellent mobile device compatibility, thanks to the Android and iOS apps that let you:

• Manage your account
• Get full support
• Access to exclusive software, services, and incoming payments

As you perhaps may have noticed, getting a deposit made isn't that hard. But what about the withdrawal? Well, luckily, the withdrawals using CoinPayment are also quite easy.

Basically, you just have to hear out what the casino has to say about the withdrawal process, and fulfill the steps. Here's what a withdrawal could look like:

1. From the moment you've won at the casino, there's just one way of making the withdrawal and that's to go to the cashier and choose withdrawal. As expected, CoinPayment should be in there as a withdrawal method.
2. Choose CoinPayment and decide how much you want to withdraw. Keep in mind that most casinos will tell you what the limits are for both the minimum and maximum.
3. Make sure that you confirm the transaction. Also, most casinos will have a KYC, meaning that you'll have to show them some ID before getting your money.
4. If you've previously shared your personal documents, then it will all come down if the casino has any additional waiting time, or if you can get the money instantly.
5. Now you'll just have to wait until the casino releases your money and until CoinPayment verifies its authenticity.

That's it, you're ready to enjoy your winnings!

We have listed the main advantages and disadvantages of CoinPayment Wallet for your convenience.

Pros

• Integration with ShapeShift: This feature allows for quick and easy coin conversion.
• Two-factor authentication increases the security of your digital assets, while it can protect your account and funds.
• A multi-signature system demands that each transaction be signed with a unique private key, splitting the network's responsibilities and increasing security.
• Available in multiple countries.
• Private coin market manager for each business owner and private users.
• A company with support wizard and the ability to offer the exchange to merchants, other companies, partners, services, and users that accept crypto-coin software.

Cons

• It does not use open source code since it is proprietary and cannot be updated by the broader public.
• Because the wallet does not implement the Hierarchical Deterministic (HD) feature, it cannot be classified as an HD wallet. This means it does not have a 12-word seed key that may be used to produce an endless number of private and public keys.
• You do not have access to the private key. Your private key is managed by the platform.
• Unauthorized Ripple withdrawals have already occurred as a consequence of major platform flaws.

It might occur that you don't fancy this payment gateway - perhaps because there's not the right casino that offers this method, or because you were simply looking for other features.

In this case, we've got some good news for you. The iGaming industry is filled with payment methods that make life easier for the players. Most of them specialise in deposits. However, finding the right method that fits both your deposit and withdrawal needs is also quite easy.

Here are our favourite alternatives, in case you want to choose another deposit method this year:

PayPal

Without a doubt, the most popular eWallet you'll find at online casinos is PayPal. This classic payment method has been around our internet community since the beginning of the millennium. It has Elon Musk written all over it, since it was also one of his first-ever projects. However, PayPal was initially created almost exclusively for the site eBay, although it's now a juggernaut among casino deposit methods.

Interac

US players have one huge advantage over nearly all other casino players, and that's the fact, that Interac is part of the iGaming payment community. Interac works wonderfully well as a deposit and even withdrawal method, having gained the trust of US players over decades now. That's why nearly every online casino offers Interac as one of the main payment methods this year.

Paysafecard

A completely different and innovative deposit method is Paysafecard. Paysafecard is nothing else than a pre-paid card, which you can buy anywhere in US, or online. The thing about Paysafecard is that it works by just using the code on the card, which you'll have to introduce in the deposit section. This means that there's no need to share extra bank details, which sometimes should remain anonymous.

Our Conclusion About the CoinPayments Company & Wallet

CoinPayments is the ideal wallet for anyone who wants to manage several crypto transactions on a single, convenient platform for merchants and users. The main advantages of CoinPayments are their simplicity, support for PoS, and availability as an iOS and Android app.

Unlike other wallets, the user, company, or private business does not own the private key. For certain types of merchants, this may not be perfect - although it's still worth trying out.