All Lotteries Are Rigged? Let True Flip’s Blockchain-Based Draws Change Your Mind
January 16, 2019
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If you are using Bitcoin to deposit into your casino, the first step is to get some of the crypto coin. This can be a struggle, especially if it is your first time venturing into crypto gaming. After all, not many payment methods offer ways to convert your fiat into Bitcoin.
In Europe, you can count on the Bitcoin platform called Cubits to help you buy and sell crypto coins. Launched in 2014, this platform claims to be all-inclusive, letting you buy, sell, and accept Bitcoin in an easy-to-use interface. This banking method has become so popular among European gamers that it now supports 17 fiat currencies and collaborates with different merchants.
To create your Cubits account, simply click Sign Up on the official website. After filling out the required information, verify your email address so that you could start topping up your account.
Cubits will not allow you to buy, sell, and accept Bitcoin until you verify your account. To do so, go to your account and click Verify Me. You then have to key in your country of citizenship and the government-issued ID you want to submit. The site will then redirect you to a website where you can upload a copy of your ID. After that, wait for 24 hours for the platform’s feedback.
Once Cubits verifies your identity, you can start buying Bitcoin. If you have fiat money in your funds, simply use one of the following payment methods to purchase crypto:
There is no required deposit amount for all payment methods. But depending on your chosen channel, processing times will differ. Visa, Mastercard, and Skrill payments usually take up to 24 hours. On the other hand, SOFORT and international bank deposits take up to three days.
The question remains, though: why use a third-party provider like Cubits when Bitcoin wallets provide the same (if not better) convenience and speed? Here are four reasons:
To convert fiat to Bitcoin, you usually have to sign up with a crypto exchange that has long processes. Even worse, these exchanges may not sell Bitcoin for your chosen currency, leading to additional conversion fees.
On Cubits, though, you will find that you can buy Bitcoin via around 17 fiat currencies in Europe. If you are a player in that area, you do not need to go to an exchange to sell your fiat. Even better, these conversions happen automatically, letting you receive your BTC right away. Plus, the platform is available worldwide, except in the US.
As mentioned, conversions occur on the Cubits network instantly. Even better, Cubits payments are one of the fastest among casino payment methods. You can expect the funds to reflect in your account instantly.
The Cubits team ensures that your money—both fiat and crypto—is safe in your account. They keep all users’ funds on cold storage so that it will be safe from hackers. Plus, the platform uses a multi-signature function. This means that two Cubits executives have to access the funds before the transaction goes through.
Some Bitcoin wallets are hard to navigate. Luckily, Cubits removes all the unnecessary features to give you a simple interface. The functions are simple, so you do not need to figure out what each control means. And if you run into difficulties, you can always go to its round-the-clock help center.