USD Coin (USDC) Gambling Sites

What is USD Coin?

USD Coin (USDC) is a stablecoin pegged to the fiat currency USD and was launched in 2018. 

USDC is built on the Ethereum blockchain and is fully backed by US dollars held in reserve. This means that for every USDC in circulation, an equivalent amount of US dollars is held in reserve.

USDC can be used to pay for goods and services, as well as being increasingly used as a store of value by individuals and institutions.

Benefits of USDC gambling

Like all cryptocurrencies, USDC allows you to make fast, cheap, and secure payments internationally without the need for a third party.

Advantages

Specifically, USDC can handle 1,000 TPS (transactions per second). This is especially powerful in comparison to cryptocurrencies like BTC, which can only maintain a TPS of 5-7. Because it is also a stablecoin, you generally do not have to worry about price volatility.

Disadvantages

While you will not be subject to price volatility, you will also not be able to enjoy the potential price appreciation of other cryptocurrencies that are not stablecoins. Fees may also be increased depending on the network you use and the current state of said network.

How to choose a USDC casino

When choosing a USDC casino, be on the lookout for a few key features to ensure that you are selecting a reputable and trustworthy platform. Here are some things to keep in mind:

• Licensing and Regulation
• Reputation and Trustworthiness
• Game Selection
• Payment Options
• Bonuses and Promotions
• Customer Support

Overall, each casino is unique and offers something you may be looking for. But it’s essential to make sure you are playing on safe and secure platforms. Once you have vetted the legitimacy of these casinos, you can look at things like game selection, payment options, promotions, and more. 

How to use USD Coin for gambling

Most casinos use a very simple deposit and withdraw mechanism, making it easy for you to transact in and out of these platforms. There are exceptions to these methods, but most likely you will be asked to follow these steps.

Depositing

1. You will first need to have a wallet containing USDC.
2. Then you will head over to your casino of choice and find your designated deposit wallet address.
3. From your personal USDC wallet, you will then need to paste your deposit wallet address and send funds.
4. Make sure you have looked at the minimum deposit amount and required fees. 
5. Your funds will then reflect in your casino wallet once enough network confirmations have been made. 

Withdrawing

1. Head over to your casino wallet and paste in the withdrawal wallet you would like to send your funds to.
2. Choose how much USDC you would like to withdraw and make sure it meets the required minimum withdrawal amount. 
3. Make sure you have enough funds to cover fees. 
4. Click send and wait to receive your funds.

Again, this process may differ but from our expertise, this is usually the method most casinos use. Please make sure you are sending and withdrawing your fees to the correct cryptocurrency and network, otherwise, your fees may get lost.