Despite the growing use of cryptocurrencies, far from all bc casinos accept more than a few of the most popular altcoins, like Ethereum, Litecoin, Dogecoin, Bytecoin, and other much lesser known ones. And it’s not an exception when a gambling site with a high casino rating only accepts deposits made with Bitcoin. Although this does pose an inconvenience for many players who do not own the required currency, it should not stop them from enjoying crypto games at a certain blockchain casino they have already set an eye on. This is when cryptocurrency exchanges come to rescue. This Coinbase review is dedicated to one of the best services of this kind. Learn more about how it operates and do not limit the list of bc casinos you can play at.
Coinbase is a fairly new site, created by a group of software developers headed by Brian Armstrong. In 2017 the company received its first license allowing it to conduct retail operations. In 2018, Coinbase received permission from the Financial Conduct Authority to operate within the UK. Not long after that, the exchange became the holder of the New York BitLicense. It’s important to note, that before Coinbase only two online trading companies had such a license.
We’ve just emphasized that there are enough reasons not to consider Coinbase scam, but let’s concentrate on the services the company offers. You may have stumbled upon a crypto casino offering to exchange currency directly on the slot site. This is usually done with the help of a widget or some other tool incorporated into the Bitcoin casino’s site. Although it seems very convenient, it cannot offer the same range of options and freedom an online cryptocurrency exchange does. At the same time, Coinbase cannot substitute a blockchain casino; it only helps to obtain or sell cryptocurrency you have in mind.
The Coinbase site offers its services in 32 countries and has already served over 20 million customers, exchanging more than 150 billion USD. These figures indicate that the company is among the top cryptocurrency exchanges people go to. At Coinbase, casino members, traders, and entrepreneurs are equally welcome and get some of the best offers on the Web.
As you should have understood from the previous paragraphs of our Coinbase review, there are no games to be found here. However, once you get what you want on this site, you can check our casino rating and go somewhere like Fortune Jack, Betcoin, Funfair, BitStarz, or any other Bitcoin casino. There will be slots, sportsbook, poker, blackjack, lottery and all kinds of betting. For now, let’s move on to the features of Coinbase.
One thing Coinbase has in common with almost any gambling site or a blockchain casino is that you first need to create an account. The Coinbase sign-up could not be any simpler. All you need to do is write your full name and email address. That is if you are an individual. Business accounts have two options of the Coinbase sign-up to go through, Institutional Investing or Merchant Services.
It’s time to discuss the exchange’s design and interface. The site looks very modern and mobile-oriented, with blue and white as prevalent colors. Right from the main page, users are presented with the main tools like charts displaying current prices and overall dynamics. Once you complete the Coinbase sign-up and scroll to the bottom, you will also see your transaction history and wallets.
In 2018, Coinbase introduced mobile wallets, which made things much easier for owners of iOS and Android devices. Now, if you lack funds when playing at your favorite slot site via an app, you can solve that problem in no time wherever you are.
Despite the simplicity of the Coinbase site, there is naturally detailed information on the blockchain technology and crypto trading, which can be found in the Support section. And if you have any problems using the site, the company’s representative will help you whenever you contact the support by sending an email or calling the provided phone number.
We strongly advise not to overlook the blog, as it contains some precious tips and insight on the current situation and trends in trading Bitcoin and other virtual money.
Bonus Offers and Promotions
As it’s not a crypto casino, there are hardly any ways how a trading platform could have bonuses or promotions for its users. Nevertheless, there are ways to lower your fees or even earn some Bitcoin without paying with any other currency for it. One of such ways is getting Coinbase PRO. However, it takes time to figure out the structure of fees, so it’s probably best not to hurry with this option until you understand well how you can benefit from it.
Among the products offered by Coinbase, you will find Earn.com, offering users a chance to get crypto tokens for performing certain tasks. So if you were looking for a place to earn some virtual money without having to deposit any of your own funds so that you can start playing at bc casinos, this might be the answer.
There is also an affiliate program which could be considered a Coinbase bonus program. However, we came across a number of reviews claiming that they had a problem with getting this Coinbase bonus money. It’s hard to say whether these are real claims or someone’s campaign to make people believe in Coinbase scam actions. After all, it could be just users misunderstanding something and spreading their complaints without having tried to figure out how things work, which happens a lot.
The exchange cannot boast having a spotless online reputation because of some Coinbase scam claims. Nevertheless, we would not trust those right away, as even the best Bitcoin casino from our casino rating will have at least a few people on the Internet stating that it’s nothing but a fraud. However, you can check all the licenses in the Legal & Privacy section of the Coinbase site. Besides, the use of the blockchain technology also eliminated the risks of being tricked out of money due to its transparency and principles of operation.
Deposits and Withdrawals
At Coinbase, users can trade Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, USD Coin, Zcash, Ox, and Basic Attention Token. If you want to buy any of those using fiat money, the following payment methods are accepted: wire transfer, PayPal, Visa, and MasterCard. There are fees applied when buying with fiat money, but making cryptocurrency exchanges between the wallets is free of charge.
The Bottom Line
Upon seeing the title Coinbase, casino enthusiasts might have been baffled and thought this was some kind of a mistake. Unfortunately, you cannot go to a random crypto casino or a slot site and expect it to support the cryptocurrency you own. For that reason, exchange platforms are in high demand nowadays. This Coinbase review was aimed at exploring and introducing one of the most reputable and popular platforms for trading coins. It is easy to navigate, properly functions on mobile devices, and even offers some kind of a Coinbase bonus program. So, if the gambling site you have chosen has a limited number of supported crypto coins, do not despair and head to the Coinbase site.