Millions of people around the world play online casino games, poker, bet on sports, horse racing, esports, bingo, etc… Most of these operators use cryptocurrency in their cashier.
Cryptocurrency is the “go-to” method of playing on a safe online gaming site. As we discussed, crypto has monetary value, some fluctuate and other coins are tethered to the USD, meaning there is no real fluctuation. If someone plays online and wins money they want to withdraw, what are their options? You can send money to a “software wallet” like Exodus, MetaMask, or Trust Wallet. These are wallets downloaded to your phone, tablet, or computer. They offer safety of funds over the exchanges where you purchase your crypto. What is even safer, is a hardware wallet.A hardware wallet is a physical device that will store your crypto where you have total control over your funds. It is highly recommended throughout the crypto industry to store your funds on a private hardware wallet. There are many hardware wallets available on the market. There are various differences between them all. Some differences are appearance related, such as sizes. Other wallets have far more options, extra layers of security, styles from key fob, slim credit card, to palm sized. The companies we have worked with and recommend are below.
The Trezor wallet, above left, is a long standing wallet. It is user friendly and has been a go to wallet for several years now. On the right is the Cypherock Wallet and newer to the market. It has a small joystick to move about the screen and the first wallet to not use backup seed phrase.
Ellipal is an air gapped wallet that takes a little effort to be able to setup and use. As recently as 2023, Forbes rated it in the top 3 hardware wallets (more info on their website regarding this).
BC Vault is newer to the scene and has a very high confidence level in their security. They offer a 1 btc bounty if you can hack their wallet. For more information on that, please click the wallet above.
Keystone is one of the few wallets that are MetaMask compatible. Keystone offers a bounty program if you find any vulnerabilities in the device.
NGrave offers some of the latest state of the art security and technology and comes with the price tag. For people obsessed with needing the very latest of security, this is the one for you.
Let’s Compare the Crypto Wallets Side-by-Side:
Below we created a simple reference table of some of the differences in the wallets. They all offer very high level of security with no known security breaches as of this writing.
Look at the issues that are important to you before you purchase a wallet. There are many variables to consider, types of security, fees to swap in the wallet as well as costs to purchase, whether or not it is synced with mobile app, desktop, or both, etc…
In closing, cryptocurrency is a virtual necessity when it comes to online gambling, betting, poker, bingo, and other games. We purchase the crypto on exchanges, send to our intermediary wallet, and then on to the sites. Most players use a software wallet like Exodus, MetaMask, or Trust Wallet for that part. If you plan to hold onto your crypto as investment or for future use playing online, it is highly recommended that you invest in a decentralized hardware wallet where you control your assets. They are very safe, secure, and prevent outsiders from gaining access to your assets under almost all circumstances.
