+

Coinbase

An In-Depth Guide To Coinbase Casinos

Ready to enter the world of crypto gambling? You’ll want to know how to deposit and withdraw your crypto safely, and to do that, you’ll need a digital wallet and exchange like Coinbase. But can you gamble through the exchange and are there safe Coinbase casinos out there? We cover all of that right here.

  • Lindsay Cormick

  • Updated: May 12, 2023

    • Updated: May 12, 2023

    Jump To

    Best Coinbase Casinos

    The Best Coinbase Casinos Online

    10

    Introduction

    First Things First, What Is Coinbase?

    If you’ve looked into crypto investments, you’ve likely come across one of the most popular digital wallets out there, Coinbase. It’s a great starting block for beginners thanks to its safety and simplicity since Coinbase makes the crypto experience user-friendly, guiding you all the way.

    Having launched in 2012, Coinbase is considered a crypto exchange pioneer. Today, it’s the world’s most used crypto wallet with close to 100 million verified users and more than $3 billion trading every quarter. It also accepts users from 100+ countries and employs thousands of people around the globe.

    On the site, you can buy and sell cryptocurrencies, borrow crypto, make use of the Coinbase wallet and exchange a number of cryptocurrencies.

    A Secure Online Casino Wallet Option

    Coinbase is a strong advocate for efficient execution and clear communication – you’ll find this on the website’s mission statement page. The company goes to lengths to ensure your safety. You can use your digital wallet without verifying it and pay for hardware keys or a Coinbase Vault for additional layers of security. All that, combined with the safety measures at online casinos should make for an ultra-secure experience. What’s more, all of Coinbase’s assets are stored in offline servers that are monitored around the clock for suspicious activities.

    Coinbase Products

    Top Coinbase Products

    wallet

    The Wallet

    Coinbase wallets work the same as most other wallets. It secures and stores your crypto coins from viruses and hackers and allows you to effortlessly buy, sell and transfer cryptocurrencies with other uses. However, you can also exchange your digital currencies for fiat currency. It’s a one-stop shop in this sense.

    The Vault

    A vault stores your address and keys and Coinbase has created a separate vault to keep your coins in after developers noticed that virtual theft and hacking aren’t completely impossible. So, if you score a big win playing at Coinbase casinos, you can always move your coins to a vault, which is like a wallet but secured by a third party. You’re able to move as many coins as you like to share the vault with someone if you want to.

    API

    This is a service aimed at developers to help them build applications. It can help you enhance your skills and also accept payments in both fiat and digital currencies.

    online coinbase casinos

    Setting Up Coinbase

    How to Set Up a Coinbase Account

    Setting up your account to start playing at Coinbase casinos is as easy as a few quick steps.

    1. Visit the Coinbase homepage.
    2. Click on the “Get Started” button.
    3. Fill in the required fields, including your name, email address and password.
    4. Check the box to confirm you’re 18 years or older and agree to the exchange’s Privacy Policy and User Agreement and click the “Create Free Account” button.
    5. Validate your account.
    6. Navigate to the payment methods and pick one to fund your account with fiat currencies.

    Purchasing Coinbase Crypto

    Step by Step: Purchasing Crypto on Coinbase

    Once your account is set up, it’s time to buy the digital currencies you need to play at Coinbase casinos. Not all crypto casinos are created equal. Some accept more than 60 digital currencies, while others may only accept Ethereum and Bitcoin. Pick an altcoin that one of the top crypto casinos on our list accepts and follow these steps on Coinbase:

    1

    Click the “Buy/Sell” button in the top-right corner of your Coinbase account.

    2

    Enter the amount you want to buy and pick your favourite cryptocurrency. Popular cryptocurrencies accepted at Coinbase casinos include:

    • Bitcoin
    • Ethereum
    • Litecoin
    • Bitcoin Cash
    • Dogecoin
    • Tether
    • Ripple
    • Tron
    3

    Click on “Preview Buy.” You’ll be directed to another page where you’ll find all the necessary information and Coinbase fees.

    4

    Click “Buy Now” to add the digital currency to your Coinbase wallet and head over to your Coinbase casino to start playing.

    Coinbase Fees

    What You Need to Know About Coinbase Fees

    This is one area where the crypto wallet falls short; the high, and sometimes confusing, fees. In fact, there are several types of fees applied to transactions on Coinbase.

    Coinbase Fee

    This is the most confusing fee as there are plenty of factors at play. Users pay either a variable percentage of a transaction or a flat fee, depending on the preferred payment method, product and region.

    Spread or Margin Fees

    According to Coinbase, this is a service charge of 2% that’s added to the exchange rate on all transactions.

    There is also a 3.99% flat fee. In this case, the higher fee is the fee charged. Overall, the flat fee depends on the amount of your transaction.

    Coinbase Flat Fees

    Transaction AmountTransaction Fee
    $10 or less$0.99
    Over $10 and less than or up to $25$1.49
    More than $25 but less than or up to $50$1.99
    More than $50 but less than or equal to $200$2.99

    Limits and Fees

    Coinbase Exchange Limits and Fees

    Purchase and deposit limits on Coinbase depend on a few things, like your purchase history and whether or not you’ve activated your account. The longer you’re an active user on the exchange, the higher the limits are.

    Deposits can go up to as high as $250,000 per day, but of course, this will depend on the limits of the payment method you use.

    Withdrawal limits also depend on your payment method, with debit cards having lower limits than PayPal, for example. The Coinbase spread depends on market fluctuations but tends to be around 0.50% on all buys and sells.

    coinbase casinos 2022

    Coinbase Casino Deposits

    How To Make A Coinbase Casino Deposit

    Using your digital wallet to make deposits at Coinbase casinos is pretty simple. You simply need to register at one of the best Coinbase casinos on this page, verify your account and head to the cashier section. Then, you have two options to fund your casino account:

    1

    Copy the address and paste it into Coinbase’s “Send/Receive” section.

    2

    Use the QR code reader via the Coinbase app and follow the onscreen instructions.

    No matter which option you go for, the deposit is processed safely and within minutes so you can claim bonuses and play games at Coinbase casinos. Just remember to double-check the cryptocurrency before you process the transaction, or your crypto will be lost.

    Coinbase Casino Withdrawals

    How To Cashout from Coinbase Casinos

    Getting your hands on your winnings at Coinbase casinos is just as easy as the deposit process, and rather similar.

    1

    Head to the “Send/Receive” section of your Coinbase account.

    2

    Choose “Receive” and the digital currency you want to withdraw.

    3

    Copy the wallet address on the page and head to the casino’s cashier.

    4

    Choose the same cryptocurrency and paste the Coinbase address in the box.

    5

    Enter the amount you want to withdraw from the casino and complete the withdrawal process. Withdrawals from Coinbase casinos usually take a few minutes to process.

    Choosing Coinbase Casinos

    How We Rank Top Coinbase Casinos

    Variety of Games

    We prioritise online crypto casinos with a wide selection of crypto slots, table games and Live Casino options that are provably fair and varied. No matter how you prefer to wager, you’ll have plenty to choose from when you play at our recommended casinos.

    Bonuses and Promotions

    Coinbase casinos that offer generous bonuses and regular promotions get a higher ranking. We check out offers for fair wagering requirements and terms to make sure you get the best deals.

    Payment Methods

    The best digital currency casinos take more than just one or two cryptocurrencies. Our top recommended casinos accept a range of both crypto and fiat currencies and allow for secure, swift deposits and timely payouts.

    Customer Support

    The best-rated crypto casinos make it easy to reach the customer support team when you need them. We make sure the sites we recommend offer responsive customer support across email, live chat and phone options.

    Coinbase Bonuses

    Different Types of Coinbase Casino Bonuses

    BonusWhat It Is
    Welcome bonusThis is the most common type of casino bonus, designed to lure new players in to sign up and make a deposit. A welcome bonus can come in the form of a matched deposit bonus, free spins, cashback or a combination of these.
    Matched deposit bonusThis type of offer matches your crypto casino deposit by a specified percentage with bonus funds up to a certain amount. The match can range from anything between 25% to 200% or more and may be spread out over several deposits.
    No deposit bonusA rare but possible find, a no deposit bonus is usually awarded to players who simply register an account and comes in the form of bonus credits or free spins. You may be asked to verify your account or meet heavy wagering requirements before cashing out your bonus winnings.
    Free spinsWith free spins, the casino gives you a specified number of spins to play on one or more slots. It’s the perfect way to try out different titles without risking your own cryptocurrency.
    CashbackPopular in the cryptocurrency gambling realm, cashback bonuses are a fixed amount of cash given back to players on their losses during a promotional period.
    Loyalty schemesThe best Coinbase casinos have loyalty and VIP schemes that reward regular players and high rollers. Such perks may include larger bundles of spins, cashback, exclusive matched deposit bonuses and more.

    Pros and Cons

    Pros and Cons of Coinbase

    Pros

    • Buy, sell and transfer a variety of digital currencies
    • Fast ways to deposit and withdraw money
    • Smooth, secure transactions for casino players
    • Good for beginners
    • Instant buy is available
    • Available tips and tutorials

    Cons

    • High purchase fees
    • Only accepts debit cards for deposits

    Overall, gambling with cryptocurrencies is fun, fast and secure. Your identity remains anonymous as you don’t need to hand over personal details and you can use digital currencies from around the world. What’s more, cryptocurrencies allow for faster transactions since there is no middleman involved. In fact, crypto casino deposits and withdrawals are almost instantaneous from beginning to end, depending on the network and the operator.

    Further, when you use digital currencies for online gambling, you’re using one of the most secure ways to pay. The transactions are peer to peer, so the casino never gets access to your bank account or credit card, leaving you in complete control of your funds and responsible gambling habits. It also makes it near-impossible for hackers or malware to steal your funds as crypto transactions are encrypted and difficult to alter.

    Downsides of Coinbase Casinos

    The Downside of Playing at Coinbase Casinos

    One major downside of using Coinbase for online gambling is the exchange’s terms and conditions. Head to the site’s Prohibited Use section and you’ll see that the site prohibits sports forecasting or odds making, games of chance, lotteries, sweepstakes, bidding fee auctions, internet gaming and fantasy sports leagues with cash prizes.

    While Coinbase may not actively go after users who gamble with the Coinbase crypto funds, it can happen, so you might want to consider another cryptocurrency wallet if you’re worried about your account being shut down or the relevant authorities in your country catching on to your gambling activities.

    Coinbase Alternatives

    Cryptocurrency Wallet Alternatives

    Crypto WalletExplanation
    BinanceA well-respected crypto exchange, Binance has a wide offering of altcoins and offers similar services to Coinbase. The big difference is that Binance accepts transactions to and from online gambling platforms.
    KrakenAnother great option for online casino players who want to buy, sell and store their digital currencies. Kraken only accepts payments to and from legal, licensed casinos.
    MetaMaskMetaMask also accepts transactions to and from online casinos and is one of the safest exchanges out there, complete with user-friendly navigation.

    Conclusion

    Coinbase Casinos Have Their Place

    Coinbase offers an easy-to-use exchange that’s great for beginners. Many crypto fans start out on this platform, but unfortunately, it’s not the best option for online gambling.

    It goes against Coinbase’s T&Cs to send and receive money from online gambling sites. If you don’t want to risk it, you might want to use another cryptocurrency exchange. But they do offer an approved and safe space for fast withdrawals and the opportunity to exchange your digital currency for fiat money– just remember to familiarise yourself with the fee structure before you sign up and start buying, selling or trading crypto.

    FAQ

    FAQ

    • Is a Coinbase wallet free to use?

      Yes, Coinbase wallets are free, but there are various charges depending on your payment method and transactions.

    • How can I get money out of a Coinbase crypto wallet?

      It’s as easy as linking your wallet to a crypto-friendly bank account and choosing Bank Transfer as your withdrawal option.

    • Is Coinbase a safe crypto wallet option?

      Coinbase has a zero-hack history and uses first-class security measures to protect you and your investments.

    • Is Coinbase a good cryptocurrency wallet for beginners?

      Yes, this wallet is good for both beginners and crypto experts, and it accepts a number of digital currencies to suit different investors.

    • Can I make easy deposits at Coinbase casinos?

      You can make fast and easy Coinbase casino deposits either using the site’s app to read the QR code at the cashier or copy the address provided by the casino and paste it into the “Send” section of your crypto account.

    • Which are the best online Coinbase casinos?

      You’ll find licensed, regulated and secure crypto casinos right here on this page. These sites offer a variety of games, responsive customer support and accept a range of cryptocurrencies.

    • Is it easy to withdraw funds from Coinbase casinos?

      Yes, it’s as easy as navigating to “Receive” in your Coinbase account and copying the wallet address into the casino’s box. Choose the amount to withdraw and complete the transaction.

    • Can Coinbase be used at crypto casinos?

      In short, no. While there are online crypto casinos that do accept Coinbase transactions, tread with caution. The exchange prohibits gambling-related transactions so you risk your account being shut down.

    Lindsay Cormick

    View all articles by author

    Lindsay Cormick inspects all ins and outs of using cryptocurrencies at online casino, cryptowallets and exchanges depositing, and more.