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The Best Crypto Wallets for Casino 2024

Cryptocurrencies are increasingly becoming a very popular payment method among online gamblers. They provide some practical benefits to casino players such as enhanced privacy, quick and cheaper transactions, as well as global accessibility. That said, to perform any crypto transaction, you need a crypto wallet.

crypto wallets

What is a crypto wallet?

A crypto wallet can be hardware (with embedded software) or a software service (online) that allows a user to store, secure and transact with their crypto. Every crypto wallet has public keys and private keys. A public key is your unique identifier on the blockchain and is what you share with others to receive payments, sort of like your PayPal email address. However, your private keys are like your password, and you will need to keep them secure to access or transact with your crypto assets.

There are generally two types of crypto wallets: custodial and non-custodial. The main difference between the two is control and ownership. A custodial wallet service involves a third party like a crypto exchange or even the casino holding your crypto for you. Users trust that the third party will implement proper security protocols to prevent unauthorized access to their crypto holdings.

On the other hand, non-custodial wallets (self-custody wallets) give the user full ownership and control of their crypto holdings. Users are responsible for securing their private keys.

With the above in mind, there is a popular saying in crypto circles that says, “not your keys, not your coins”, which essentially means unless you control your private keys, you do not have full control over your cryptocurrencies.

Getting started with a crypto wallet

Most new crypto users prefer custodial wallets. They are typically user-friendly, and users can recover their crypto assets if they lose their password. While using custodial services is more convenient, there have been many exchanges that have suffered hacks and bankruptcy.

It is recommended that casino players have full control of their crypto assets. If you are new to crypto transactions, take some time to understand how everything works and become comfortable with using your wallet before starting to play at a crypto casino. While there is a learning curve, it will be worth it.

With all of that in mind, let’s take a look at the various types of wallets and the best crypto wallets for casino players.

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Mobile Wallets

These are wallets (app) that you download and install on your mobile device (smartphone or tablet). They are very convenient for casino players because they can simply run them on the go and make quick and seamless transactions with their casino account.

In addition to convenience, mobile wallets also implement several security measures such as biometric identification, pin codes, and two-factor authentication. When getting started with mobile wallets, players should ensure that they download them directly from official app stores only.

Some of the best mobile wallets for casino players include:

 

 

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Mycelium Wallet

Launched in 2012, Mycelium stands out as one of the oldest non-custodial mobile wallets around. It is one of the most widely used crypto wallets, and thanks to its advanced security features, it is particularly popular within the crypto community.

Mycelium Features:

  • App compatible with both iOS and Androidmycelium wallet
  • Top coins supported (BTC, ETH, USDT, BUSD, ZRX, major ERC-20 tokens)
  • Free download, zero subscription fees
  • No KYC required
  • Hardware wallet support
  • IP address and location masking
  • Simplified payment verification to support quick transactions
  • In-app exchange and trading
  • Dynamic fee suggestions
  • Loyal community and comprehensive knowledge base

Trust Wallet

Founded in 2017, Trust Wallet is also one of the most popular crypto wallets around. The wallet is available as a mobile application as well as a browser extension. Trust wallet was acquired in 2018 and is the official decentralized wallet for the world’s largest crypto exchange. Trust Wallet supports over 70 different blockchain networks and boasts over 70 million users.

Trust Features:trustwallet

  • Mobile app (Android and iOS compatible) as well as browser extension
  • Free to download and use
  • NFTs supported
  • Web3 integrated
  • Over 70 blockchains and hundreds of cryptocurrencies supported
  • User-friendly interface
  • Built-in staking
  • Buy/sell crypto in-app

 

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Desktop Wallets

These are wallets that you download and install on your computer. They are designed theoretically to provide even better security than mobile wallets, and often support offline transactions.

Desktop wallets are most convenient for casino players who prefer to play using their desktop computers. Desktop wallet users are advised to regularly update the software and keep their computers free from viruses and malware.

Some of the best desktop wallets for gamblers include:

Exodus Wallet

Launched in 2015, Exodus is a common non-custodial desktop wallet that is very user-friendly. It is especially known for its real-time 24/7 support, something that will appeal to new users who are just getting to grips with the crypto world. It is feature-rich, secure and

Exodus Features:exodus

  • Easy-to-use interface
  • Windows, MacOS, and Linux compatible
  • Over 50 blockchain networks supported
  • Over 300 cryptocurrencies supported
  • Available as desktop software, mobile app, and browser extension
  • Hardware wallet integration (Trezor)
  • No KYC required (anonymity prioritized)
  • In-app exchange
  • Built-in staking
  • 24/7 support
  • Regular software updates
  • Fiat money purchases are supported
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Electrum Wallet

Electrum wallet has been around since 2011, making it pretty much a veteran in the crypto arena. It is free software and only supports Bitcoin. This straightforward wallet is very convenient for casino players because almost all crypto casinos support Bitcoin. It has a minimalistic interface and should be easy to navigate even for new crypto users.

Electrum Features:electrum wallet

  • Simple and straightforward installation (beginner-friendly)
  • Free software
  • Massive knowledge base
  • Multiple hardware wallets supported
  • In-app Bitcoin transfers
  • Android mobile app available
  • Open-source software that is continually being improved
  • Customized security (multi-sig and 2-factor authentication)

Lightning network support for quick Bitcoin transactions

Web Wallets

These web wallets are online and can be accessed by users via any device that has an internet connection and web browser. No software or application needs to be installed, making them easily accessible and very convenient. This can allow for quick casino deposits and withdrawals.

However, it is recommended that users regularly update their browsers as well as their passwords and any other relevant security measures. Furthermore, it is important to always ensure you are on the correct website URLs to avoid compromising sensitive wallet information.  For additional security measures, never use a web wallet on a shared computer.

Some of the best web wallets for casino players include:

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Blockchain.com Wallet

Blockchain.com (formerly blockchain.info) is one of the foremost exchanges in crypto. The exchange has a web based DeFi wallet that is fully non-custodial. When you create the wallet, an encrypted file will be generated that contains your crypto addresses, seed phrases and private keys. For further convenience, the wallet can be accessed from a secondary app that is compatible with both iOS and Android.

Blockchain.com DeFi Wallet Features:blockchain

  • User-friendly interface
  • Easy setup
  • Seamless integration within numerous DeFi platforms
  • Advanced security features
  • Recovery options available
  • Accessible via a mobile application compatible with both iOS and Android

Coinbase Wallet

Coinbase is a US-listed crypto exchange that offers both a custodial wallet (comes free with every Coinbase account) as well as a non-custodial web3 wallet for extra safe storage of crypto assets. Coinbase Wallet boasts advanced security features and can easily be linked with a Coinbase account. Accessibility is a key appeal for Coinbase Wallet, as it is also available as an app for both mobile and desktop devices as well as a browser extension.

Coinbase Wallet Features:coinbase

  • Free wallet
  • Easy to set up and navigate
  • Industry-leading security
  • Numerous blockchains supported as well as thousands of cryptocurrencies (all ERC-20 tokens)
  • NFTs supported
  • Wide accessibility
  • Explore Web3
  • Cloud backup and recovery options
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Hardware Wallets

Hardware wallets are small physical devices that store your cryptocurrencies. They typically have a USB drive that you connect to a computer when you want to send and receive cryptocurrencies. But apart from doing transactions, they keep your cryptocurrencies completely offline, away from any potential cyber risks.

For this reason, they are considered the safest way to store your crypto assets. However, these wallets are relatively expensive and you risk losing your assets forever if you lose the hardware devices. It is therefore important that you keep your hardware wallet safe, or even set up an elaborate backup so that you will be able to recover your cryptocurrencies in case the device gets lost.

Some of the best hardware wallets for casino players include:

Ledger Nano X

Ledger was founded in 2014, and the company has been at the forefront of developing hardware to secure blockchain assets. The Ledger Nano X has been their most successful product, and it is the most suitable for online casino players. The company has notably sold over 6 million of these devices, and it is reported that not even one of them has ever been hacked. The mobile-centric nature of Ledger Nano X makes it a very convenient hardware for on-the-go usage.

Ledger Nano X Features:ledger

  • Secured with the Ledger BOLOS Operating System
  • Easy set up
  • Bluetooth and USB-C connectivity
  • Compatible with Ledger Live on both Android and iOS
  • Over 5500 cryptocurrencies supported
  • NFTs supported
  • Backup and Recovery options
  • You can store over 100 different types of cryptocurrencies
  • Native staking supported
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Trezor Model One

Trezor was founded in 2013, with the company releasing the first ever secure hardware wallet in 2014 – the Trezor Model One. There are two other products from the company, but for casino players, the Trezor Model One remains the best option due to its price and time-tested excellence in security.

The wallet is designed for maximum security and features two buttons that allow for easier connection to the Trevor Suite so that you can interact with your crypto assets easily.

Trezor Model One Features:trezor

  • Micro-USB connectivity
  • Over 8000 cryptocurrencies supported
  • Compatible with Trezor Suite on both Android and iOS
  • Secured by PIN and Passphrase
  • Advanced privacy features
  • Verify every crypto transaction
  • Backup and Recovery options

Final Word

Crypto gambling is a great way of pursuing fun online. It provides a level of privacy and security that is not possible with other payment methods. However, it is important to ensure that you have the right wallet to have peace of mind when transacting to and from your casino account.

Security, convenience, reliability, and user-friendliness are some of the most important factors to consider when choosing a wallet that will serve you well. The above wallets are some of the best and will help you have a great crypto casino experience.

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