A Look at Cryptocurrency Trading, iGaming & Regulation in South Korea
February 24, 2021
South Korea is among the countries at the forefront of cryptocurrency adoption. What is the current state of cryptocurrency in South Korea?
Online casinos that accept CoinsPaid transactions. CoinsPaid is a payment gateway that helps casinos accept cryptos. Check out the top CoinsPaid casinos.
With the boom of cryptocurrencies, more casinos are starting to accept digital assets for player deposits and withdrawals. In fact, some gaming hubs are formed to better suit to the needs of crypto holders.
But while a player can simply send and receive crypto coins to and from their wallets, there is still the issue of a casino managing its funds. Because of this, you will find betting sites using payment methods like CoinGate and Cryptonator for more efficient management of payments and cash-outs.
CoinsPaid is in association with SoftSwiss, a leading provider of casino platforms and software. As a result, you will find betting sites like BetChain, Jetspin Casino, and mBit using this payment gateway for their banking needs.
CoinsPaid CEO Max Krupyshev said in an interview with BestBitcoinCasino.com:
“We have a very rich feature set and competitive pricing. Among the most interesting ones are: Instant confirmations (we clear cryptocurrency deposits within just few seconds) and exchange to any fiat currency or any cryptocurrency.Wide cryptocurrency and fiat currency set. Built-in exchange Consumer wallet released in April 2020. Tight integration between B2C and B2B products which allow even recurrent payments. Built-in AML engine, constantly checking all incoming transactions and instantly informing our Business clients if funds arrived from illegal sources.”
There are reasons why CoinsPaid continues to be the top choice among the best Bitcoin casinos. Here are the three compelling features of the payment gateway:
CoinsPaid currently accepts deposits and withdrawals in 13 cryptocurrencies, including Bitcoin Cash, Bitcoin, and Litecoin. Even better is that the gateway allows new coin integration, giving casino operators a choice to integrate their own tokens as payments. So if you hold lesser-known cryptos, chances are there is a CoinsPaid casino accepting that coin.
This payment gateway is one of the many payment processors that boast minimal transaction fees. Crypto payments usually charge a very low fee to cover transactions on the blockchain. You will not even feel the deduction when you receive your withdrawn funds.
CoinsPaid boasts that it transfers crypto to and from its system at five times the blockchain speed. This is thanks to its flexible and scalable infrastructure, making it capable for them to hold capacity for numerous transactions at the same time. So when you send coins to your casino wallet, you can start playing right away. On the other hand, you do not need to wait for more than 24 hours to receive your cash-out request.
Security is highly important for crypto coins because there is no way to get them back should an attack occur in the casino. You can be sure that your funds are safe on CoinsPaid casinos because they implement high-security protection measures. The payment gateway gives operators both hot and cold wallets so that most funds will not be prone to theft. On the players’ side, they can activate measures such as two-factor authentication so that no one can access their casino account.