Page updated on: 16.06.2020

Coinspaid Casinos and Guide for Deposits and Withdrawals

CoinspaidCoinsPaid ↱ is a crypto currency wallet that can be used to store crypto currency and trade it with fiat currency or other crypto currencies.

The international website is available in many languages, including English, German, Chinese, Spanish and Portuguese. The wallet is available to users from most countries in the world, but there are some restrictions, as for example users in Germany cannot use the wallet. However, the operator is currently working on acquiring the necessary licence for the German market.

The wallet supports many crypto currencies, including Bitcoin, Litecoin, Dogecoin, Bitcoin Cash, Ethereum, Ripple and many more. The wallet also supports many fiat currencies (full list below).

There are currently over 200 partners using CoinsPaid services, among them also a number of online casinos.

However, not every casino also supports crypto payments in every currency that CoinsPaid supports, which they accept varies with the operators.

Advantages

  • No fees for users when sending within CoinsPaid ecosystem
  • Recurring payments can be set up
  • Multicurrency accounts supported
  • Crypto exchange
  • Many crypto and fiat currencies supported

Disadvantages

  • Account verification is needed to lift limits and deposit
  • Depositing funds only with crypto currency possible, cards payments are in development
  • Some countries are excluded

All Coinspaid Casinos:

This list gives you an overview of the best online casinos with CoinsPaid as a payment option. You can use it to deposit and withdraw different crypto currencies to your player account.

Name Highlights Rating Links
Bitstarz ✓ fast withdrawal within 1 hour
✓ many crypto currencies accepted
✓ 2500 games on desktop and 2000 on mobile
✓ Game Types: Casino, Live Casino
Visit
Oshi ✓ Withdrawals are processed very fast
✓ interesting bonuses with fair terms
✓ huge selection of games
✓ 3200 games on desktop and 2800 on mobile
✓ Game Types: Casino, Live Casino
Visit
Crypto Wild ✓ Payments are processed within 24 hours
✓ 24/7 Support
✓ Focus on Crypto Currencies
✓ 1000 games on desktop and 800 on mobile
✓ Game Types: Casino, Live Casino
Visit

How does CoinsPaid work?

To use CoinsPaid you first have to register a free wallet.

You can register for two different wallets, one is a personal wallet for individuals and the other for businesses to receive crypto payments. Business users have a different backend with other options. This article will cover the personal wallet and explain how to use it.

You will need to first verify your e-mail address, and then set up 2-factor authentication by scanning the displayed QR-code with an authenticator app on your smartphone, like Google Authenticator, which will then generate a one-time pass code allowing you to log in. If you haven't already, you can download the Google Authenticator for free in the Play Store and App Store.

For full use of the account you will need to verify your identity with the provider, and until you do so you will have a limited withdrawal limit of €1000 per month and won't be able to use all account features.

The account verification is a requirement of the regulator under which the company is licensed to provide financial services, and it has the aim to prevent money laundering and terrorist financing. You'll need to send the operator a scan or photo of a government-issued ID or passport, a selfie with you holding the identity document, and a proof of address. You'll only be able to use the account after it was verified.

In the account information tab 'Portfolio' you can activate fiat and crypto currencies, which will then appear in your wallets.

You can exchange currencies within the wallets, and for example buy and sell crypto currency for fiat or other cryptos. Find the list of all accepted fiat and crypto currencies below.

You can also store address keys in the CoinsPaid address book, which makes payments to the same address much faster and more convenient.

Although there is no CoinsPaid App available yet, you can login through the browser on your mobile device and use all functionality. The company is currently working on the development of a mobile App.

You can deposit money into the account by selecting the currency you wish to transfer. Currently, only deposits with crypto currencies are possible, the company is working on implementing the use of debit and credit cards for fiat currency.

You can send and receive crypto currency through the wallet. The two arrows in the menu allow you to exchange currencies and crypto currencies between the wallets.

Casino deposit with CoinsPaid

Some casinos accept crypto currency for payments, either as an account currency, or when the crypto payment is automatically converted into the chosen fiat currency of the account. To make a crypto payment with your CoinsPaid wallet, go to the depositing methods of the casino, and select your payment.

You will likely be presented a QR code that you can scan with your phone, or a unique address-key, which will be linked to your casino player account, which you can enter directly through copy and paste if you're using a computer.

A payment made to this key is credited to your casino account, and it will only take a few minutes to be processed.

Casino withdrawal with CoinsPaid

Since you can send and receive funds to your CoinsPaid wallet you can also use the payment method for the casino withdrawal. To initiate the withdrawal, enter the unique address shown in your CoinsPaid wallet in the respective crypto currency you're using, as well as the amount you wish to withdraw.

Remember, that bonus money cannot be cashed out, the wagering requirements of the bonus need to be fulfilled first. Once the funds are released by the casino, the transfer will only take a few minutes.

Conclusion

CoinsPaid is a convenient crypto currency wallet that lets you store lots of different currencies, not just crypto, but also many fiat currencies. Although you can currently only make deposits with crypto currencies, the company is working on making direct bank card payments available too.

We see a lot of potential with this wallet provider, but they still have to stand the test of time and prove that they are reliable.

FAQ

CoinsPaid wallets supports the crypto currencies Bitcoin, Litecoin, Dogecoin, Bitcoin Cash, Ethereum, Neo, Ethereum Classic, Ripple, Cardano, TBTC, GUSD, Augur, Leirel, WTS, PSQ, Barthor, Dealtex, Bitbook Gambling, TrueFlip, RubTether, Osmium Investment Coin, Infinity Economics, Tether USD, Tether EUR, Binance Coin, Azbit, Bitcoin SV, Al Coin, FunFair, Stasis Eurs and USD Coin, …

…and the fiat currencies US Dollar, Euro, Canadian Dollar, Swedish Krona, Australian Dollar, Norwegian Krone, Swiss Franc, Russian Ruble, Chinese Renminbi, Japanese Yen, New Zealand Dollar, Mexican Peso, Argentine Peso, Brazilian Real, British Pound, Indian Rupee, South Korean Won, Thai Baht, Vietnamese Dong, Indonesian Rupiah, Malaysian Ringgit, Peruvial Sol, Chilean Peso, Kazakhstani Tenge, Ukrainian Hryvnia, Czech Koruna, Polish Zloty and South African Rand

Using CoinsPaid to make payments for services or goods within the CoinsPaid ecosystem, or to online casinos using it, is free of charge. However, it is important that you take a look at the payment policies of the casinos, as they may charge a fee for making the payment or receiving it. Sending funds to other wallets will incur transaction fees.

Sending money with CoinsPaid is instant and the transfer is carried out within a few minutes. A casino withdrawal is subject to casino processing times, as the casino will check the withdrawal first. This can take a few hours or days, and depends on the casino's policies.

There are some online casinos that accept CoinsPaid, but since it's a new wallet, the number is still rather small. New casinos are added regularly. Find out how it works here, and also take a look at online casinos that accept CoinsPaid payments with crypto currencies Bitcoin, Ethereum, Litecoin, Dogecoin and more.

The minimum and maximum amounts of CoinsPaid crypto payments depend on the casino's payment policies.

CoinsPaid is a product from Dream Finance OU, a company registered and licensed in Tallinn, Estonia. Aside from the crypto currency wallet, they also have another product, Crptoprocessing.com, which is a service for B2B customers to process crypto currency payments.

Yes, provided that that you are resident in the country that is eligible to receive a welcome bonus or other bonus from the casino, you can also claim the casino bonus with CoinsPaid if you enable the Plug and Pay recurring payments option. The bonus amount will vary, depending on which currency you use.

Remember, that bonus terms and conditions apply when you play with bonus money, and this is no exception for crypto currency bonuses. We recommend reading the terms and conditions of the casino carefully.

CoinsPaid is a safe crypto currency wallet product that has passed the Kaspersky security audit and received a certificate. Making a payment is safe, and so is receiving it.

The wallet is protected, not only through a password, but also 2-Factor Authentication, making it extremely difficult to compromise. Payments are also encrypted through SSL.

Since the product is still relatively new on the market, it still has to stand the test of time. However, the license is a good indicator that the company is regulated and offers a trustworthy product.

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Mr Green
Mr Green

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