CoinsPaid at India Online Casinos
CoinsPaid is a leading provider of payment services for the iGaming industry. Its financial ecosystem is comprised of two types of digital wallets:
- a secure crypto processor with an exchange
- a white label solution for operators to receive crypto payments.
Its payment gateway allows online merchants to manage cryptocurrencies and fiat money in a secure environment.
The personal e-wallet allows users to send, receive, and store assets safely. Payments can be sent free of charge between CoinsPaid accounts.
This software-based system supports more than 30 different cryptocurrencies, including:
It also supports over 20 fiat currencies, such as the US Dollar and the Indian Rupee.
The wallet has a built-in exchange with some of the best rates that allows you to manage and convert your crypto or fiat money.
The CoinsPaid ↱ website is available in several languages and can be accessed from many countries. However, there are some geographical restrictions.
At present, there are roughly 200 companies affiliated with the platform and, among these, several online casinos. Not all of them, however, support the same cryptocurrencies as the wallet.
Top India casinos with CoinsPaid in 2022
CoinsPaid is a rising star in the cryptocurrency payment market. Several casino operators have incorporated its ecosystem into their platform.
When the user pays with crypto, the personal wallet acts a gateway connecting his CoinsPaid account with the online casino’s. This streamlines the transaction of digital assets.
Below you will find a list of the best casinos in India that accept CoinsPaid as a payment option.
These sites allow you to use the e-wallet for deposits and withdrawals in many crypto and national currencies.
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Table of contents:
How does CoinsPaid work?
The CoinsPaid financial ecosystem includes two types of digital wallets. One is aimed at businesses whose models require an expandable and secure environment. The other is a personal one designed for individuals to manage their assets.
Nevertheless, in this article, we will only cover the latter and explain how it functions. Business users have access to a different backend with other options and characteristics.
Now, to use the personal wallet, you must first register an account on CoinsPaid's website, which is free of charge.
For this, the system requires you to provide your email address and a new password. Afterwards you'll be sent a verification message.
You will then have to complete the second step of the confirmation by downloading an Authenticator app to your mobile device. You can find it in the App Store or Google Play. Scan the QR code displayed on the screen. Doing so generates a one-time passcode that lets you log into your account.
At this point, you will be asked to verify your personal information. For this, you need to send the operator:
- A clear scan or copy of your identification card, driver’s license or passport number.
- A selfie with your ID for biometric recognition.
- Proof of address with evidence in the form of a utility bill or a bank statement. Keep in mind that the documents cannot be more than three months old.
Once you complete the aforementioned steps, CoinsPaid will verify all your information. Upon doing so, it will redirect you to the wallet's main page, where you can start buying and selling cryptocurrencies.
It may seem like a cumbersome process. However, if you do not confirm your identity, you will be subjected to a maximum withdrawal limit of $1,000 per month. You also won't have access to all of the wallet's features.
Remember that the account verification is a requirement imposed on financial service companies by regulators. This helps to prevent money laundering and terrorist financing. Therefore, it is mandatory.
Once you are in your CoinsPaid account, select the "Portfolio" tab to activate either the crypto or fiat currencies. These can then be exchanged within the wallet.
Below you can find a list of the more than 50 currencies currently accepted by the wallet.
CoinsPaid also has an address book that contains the most used depositary addresses, speeding up payments.
These addresses are the equivalent of IBAN and BIC codes for bank accounts, so they are crucial for crypto transactions.
There is no CoinsPaid mobile app available yet (the company is currently working on one). You can access the wallet through your smartphone or tablet's web browser and use all its features.
Lastly, you can deposit funds into the CoinsPaid account by selecting the currency you want to transfer.
You can currently only make deposits with cryptocurrencies. The company has not yet implemented debit and credit cards for fiat currencies.
Advantages and disadvantages of CoinsPaid at online casinos
|✔||Quick and secure transfers|
|✔||Multicurrency accounts are available|
|✔||No fees are applied to transactions within the CoinsPaid ecosystem|
|✔||Many crypto and fiat currencies supported|
|✔||Integrated crypto exchange|
|✔||Recurring payments in crypto|
|✔||Compatible with Indian Rupees|
|✖||Few online casinos operate with this payment system|
|✖||Account verification is required to lift withdrawal and deposit limits|
|✖||Several countries are excluded|
|✖||Cryptocurrency has a volatile value|
Making a casino deposit with CoinsPaid
Some India online casinos accept crypto payments and even allow players to choose from different cryptos.
To deposit money into your player account with CoinsPaid, you can follow these simple steps.
|1. Register a player account at a trusted India casino with CoinsPaid.|
|2. Head to the "Cashier" section of the operator's website and select the wallet as the payment method.|
|3. Select the cryptocurrency you wish to use to deposit, such as Bitcoin, Ripple, or other type.|
|4. The casino provides you with a QR code, which you can scan with your smartphone, or a unique address key linked to your player account. You can copy and paste this code to make the payment.|
|5. Send your funds through the Coinpaid wallet to the hash address of the casino.|
|6. Payments made are credited to your user account, and will only take a few minutes to be processed. You can then start playing your favourite crypto slots.|
Withdrawals with CoinsPaid
Withdrawing your winnings from the casino using CoinsPaid is just like depositing with it. All you have to do is go to the "Cashier" section of the online casino and choose the wallet as the payment method.
However, instead of confirming the transaction with a QR code, you must enter your wallet's address, as well as the cryptocurrency you are using, and the withdrawal amount.
These withdrawals are usually quick, if not instantaneous. Although playing with bonuses means you will first have to meet the wagering requirements to free the credits. As soon as you do so, the casino will process the withdrawal.
Accepted currencies at CoinsPaid
CoinsPaid wallets supports the crypto currencies:
- Bitcoin Cash
- Ethereum Classic
- Tether USD
- Bitbook Gambling
- Binance Coin
- Osmium Investment Coin
- Infinity Economics
- Bitcoin SV
- Tether EUR
- Al Coin
- Stasis Eurs
- USD Coin
And the fiat currencies:
- US Dollar
- Indian Rupee
- Canadian Dollar
- Swedish Krona
- Kazakhstani Tenge
- Australian Dollar
- Chilean Peso
- Swiss Franc
- Russian Ruble
- Argentine Peso
- Chinese Renminbi
- Japanese Yen
- New Zealand Dollar
- Mexican Peso
- British Pound
- South Korean Won
- Thai Baht
- Vietnamese Dong
- South African Rand
- Indonesian Rupiah
- Norwegian Krone
- Malaysian Ringgit
- Peruvial Sol
- Ukrainian Hryvnia
- Czech Koruna
- Brazilian Real
- Polish Zloty
The rise of cryptocurrencies in the online gambling industry has led to an increase in the demand for crypto wallets such as CoinsPaid. With this wallet, crypto payments are fast and easy.
The security and convenience of CoinsPaid payments make it attractive to casino players from India and other parts of the world.
This particular e-wallet has shown great potential. Nonetheless, it will have to the stand the test of time to prove it is truly reliable.
Using the personal wallet to make payments within the CoinsPaid financial ecosystem or to affiliated casinos is free.
We recommend reading the operator's terms and conditions. Some casinos online charge fees for making deposits or withdrawals with this payment method.
Furthermore, transferring funds to other e-wallets may also incur fees and additional charges.
Sending funds through CoinsPaid is almost instant. However, withdrawals take more time, as the casino will have to verify your request before approving it. This can take a few hours or days, depending on the operator.
Several online casinos accept CoinsPaid as a payment method. But given that it is relatively new, the number is still low.
As the popularity of cryptocurrencies increases, so will the number of gambling operators that support this cryptowallet.
If you are interested in CoinsPaid, this guide explains how it works and includes a list of casinos that accept it as a payment method.
The minimum and maximum limits for each crypto transaction made wth CoinsPaid depends on the casino's payment policies.
The CoinsPaid wallet is a product of Dream Finance OU, a financial technology company registered, licensed, and regulated in Tallinn, Estonia.
Yes, in some casinos, it is possible to receive a welcome bonus for registering and depositing with CoinsPaid.
You can also receive a casino bonus if you activate the Plug and Play feature of the wallet. This allows you to top up your player account automatically.
The bonus amount will vary depending on the cryptocurrency you use. Remember that bonuses are subject to terms and conditions that you must meet before cashing them out. The bonus terms are valid regardless of the type of currency you wager with.
Yes. CoinsPaid guarantees the security of its product. Its entire financial ecosystem has been audited and certified by Kaspersky.
The personal wallet features two-factor authentication and SSL-encryption to shield transactions from cyber-attacks.
CoinsPaid supports more than 30 cryptocurrencies and 20 fiat currencies. It also has an intuitive interface and fast processing times. It's perfect to make electronic payments to casinos.
Moreover, deposits and withdrawals made with the wallet are free of charge if the casino also uses the CoinsPaid ecosystem.
Some sites even reward players with bonuses for depositing cryptocurrencies through CoinsPaid. It eliminates the overhead costs of other providers, such as credit card fees, for example.