Our Gate.io Review Summarized

One of the biggest cryptocurrency exchanges in the market, Gate.io is known for its extensive number of offerings that make it popular among users to trade digital assets and take advantage of the vast opportunities.

Here is a list of features that Gate.io offers:

• Gate.io has its native token called GT, whose holders enjoy VIP privileges, discounts on trading fees, and access to platform activities.
• In addition to spot, margin, and derivatives trading, Gate.io also allows trading of ETF leveraged tokens that support automatic rebalancing and pre-market trading.
• Through the Convert feature, users can swap one crypto for another with just one click and without any fees. 
• Gate.io Startup, a token launch and airdrop platform for projects to gain exposure and users to get free airdrops. 
• A Web3 gateway that offers cross-chain swap, DEX trading, and access to 10,000+ trending dApps. 
• Its own blockchain, GateChain, focused on decentralized trading with a great clearing mechanism.
• Gate NFT, which offers free NFT minting as well as NFT storage, exhibition, and selling.
• Gate Pay, which supports online and offline crypto transactions and offers users the ability to convert between 1500 crypto. 
• Gate OTC for trading USD, HKD, AUD, CAD, EUR, GBP, JPY, SGD, and other fiat currencies.
• Gate Visa Debit Card that supports crypto spending with 1% instant USDT cashback on every purchase and supports ATM withdrawals.
• Gate Labs, which provides resources to entrepreneurs, and Gate Ventures to make investments in the space with its portfolio. Some of its portfolio companies are Woo Network, EthStorage, Sei, SEBA Bank, 1inch, Pyth Network, Wormhole, and Autograph.

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Where Gate.io Excels

The cryptocurrency exchange allows users to buy, sell, trade, and swap a wide range of crypto assets at a low fee. It regularly runs trading competitions and offers attractive bonuses to reward its users, while various earning opportunities will keep you entertained and grow your holdings.

Trusted by millions of users, Gate.io provides support for several payment methods and fiat currencies to make deposits, however, when it comes to withdrawal, crypto is the only way. Some may find its KYC process a bit hard, though.

At Gate.io, you can explore different flavors of the crypto sector, ranging from NFTs, airdrops, dApps, and DEXs to lending, startups, analytics, and research.

Gate.io is best for:

– Those who want to trade a large number of crypto assets while paying low fees

– Those looking for various opportunities to earn passive income 

Gate.io Exchange at a Glance

Which Cryptos does Gate.io Offer?

The centralized cryptocurrency exchange (CEX) supports more than 1,700 crypto assets, which is significantly higher than most of the top ten CEXs. 

For instance, Bybit has over 1,100 crypto listed, and Coinbase has 200 plus. This means Gate.io covers all kinds of categories and trends for you to take advantage of, including BRC20, AI, the Solana ecosystem, meme, RWA, DePIN, Base Eco, Blast Eco, ZkSync Eco, ETF, Layer2, Metaverse, DeFi, Storage, and NFT.

Meanwhile, Gate.io has close to 4,000 trading pairs, with the stablecoin USDT being its most popular asset for trading crypto. In terms of volume, the exchange manages billions of dollars daily, with BTC/USDT being the most active trading pair. It accounts for the most (over 20%) of Gate.io’s total trading volume, while ETH/USDT accounts for less than 10%.

Gate.io Fees and Costs Explained

When it comes to fees, Gate.io charges a pretty competitive rate for trading crypto assets. The platform supports a tiered pricing structure and utilizes the market-established maker-taker fees. 

The fees come down as the tier level rises, which means the higher your trading volume in the last 30 days, the lower you have to pay. Moreover, holding GT tokens grants you discounts on fees. Moreover, if you meet a VIP trading volume requirement, you get to keep the tier upgrade for 60 days without downgrading.

Spot trading

Fees at Gate.io start at 0.1% for both maker and taker fees for the lowest VIP level for trading volume below 60K. This is in line with the most popular exchange, Binance, which also charges 0.1%. However, the volume limit for the regular user is much higher at $10 million.

Futures trading

When trading derivatives, the fees start at 0.015%/0.050% with a 0.002% reduction in take fee at every tier. In comparison, Binance charges a 0.02%/0.05% for a 30-day trading volume below $1.5 million.

Gate.io Futures Trading

Gate.io Futures Trading offers a comprehensive suite of tools, from demo accounts to sophisticated bot strategies.

Demo Account

The exchange offers a demo account that allows beginners to trade using virtual funds to get an idea of the market before risking their hard-earned real money. This further allows them to get a better understanding of the platform.

Futures Trading

Gate.io’s cryptocurrency futures market covers perpetual contracts that don’t have a delivery date or delivery futures. As for leverage, the exchange offers up to 100X leverage for BTC and 20X or 50X for a dozen altcoins. 

Additionally, the platform offers USDT and BTC margin contracts, along with the option to use your spot BTC and ETH as collateral to borrow up to 100K USDT at zero interest. 

Copy Trading

Gate.io offers the ability to copy the trades of other traders for both spot and futures markets. You simply have to choose the trader you want to copy and select between the Simple and Advanced modes. Once you have transferred the funds and set the parameters of copy trading and risk control, you are good to go.

To help you make your decision, Gate.io gives you several options: Star Trader, High Return For Copiers, High AUM, Rising Star Traders, and Prudent Trader.

Bots

Here, you can also take advantage of trading bots to make sure you do not miss any opportunity. The bot strategies available for you include Spot Grid, Futures Grid, Spot Martingale, Smart Rebalance, Spot-Futures Arbitrage, Infinite Grid, and Margin Grid. Currently, there are over $3 billion in total bot funds on Gate.io.

You can either one-click copy through Bot Pool or create your own bot at zero cost without needing coding skills.

Gate.io Bonuses & Rewards

An attractive aspect of opening an account at Gate.io is the range of promotional activities it constantly runs. Currently, the exchange is giving new users the chance to win up to $6666 in welcome rewards. To get your hands on this prize, you simply have to register, and you can unlock a $6,666 mystery box as well as a discount on trading fees.

To sign up, input your email or phone number, set a strong password, enter a referral ID, if any, and then accept the user agreement and privacy policy.

But this is not all, as we have come across several more promotions running on the exchange while conducting our Gate.io exchange review. These include Trading Fair with a $50,000 prize pool, BRC20 Team Battle with a $25,000 reward, 150% APR for new users who lock their USDT, $40,000 worth of meme trading competition, 1 USDT cashback for every $200 USDT purchase via debit/credit card, and more.

The platform recently also concluded its Futures World Cup Trading Competition with a prize of $5 million. 

How Safe is the Gate.io app?

Gate.io’s app is available for mobile users on Google Play for Android and the App Store for Apple users. It boasts a 4.2-star rating in both the App Store and Google Play and has over a million downloads on the latter. 

The app’s design is clean and bright, which makes it easy to use, although it can be a bit buggy at times. Using its ‘Trade’ button, you can effortlessly navigate between the Spot, Futures, Margin, Copy trading, Trading bots, and Convert sections, all from one place. Meanwhile, its trading pair section allows you to switch quickly between your favorite markets, with different segments such as BRC20, AI, ETF, and others readily accessible. 

Earlier this year, the exchange upgraded its app and added the ‘Earn’ button at the bottom navigation bar. This button allows users to select from multiple earning opportunities. Conveniently located next to the Earn button is the Startup feature, which makes receiving free airdrops even more convenient.

Additionally, there’s a Gate MiniApp that consists of a variety of shopping and GameFi applications, along with crypto-enabled event ticketing currently under development. Through this feature, you can instantly access, order, and pay with crypto for a one-stop crypto lifestyle experience. Currently, Travala.com and Gamebox are featured merchants, with Shopping.io, UQUID, and Bitrefill set to join soon.

Gate.io Staking Features

If you’re looking for passing income, Gate.io has tons of options for you. Different products that you can take advantage of include:

Simple Earn: This one enables you to earn interest on your idle funds with principal and return guaranteed. This is achieved by matching unused user funds with loan demand. Under this product, Gate.io is currently offering 3% APR on USDT, 9% on USDC, and as much as 50% on AEVO.

HODL & Earn: Here, you can access various investment options, including loans where you pledge one crypto to borrow another; structured products that include assets linked to interest and derivatives; auto-invest, which gives a flexible portfolio and is redeemable anytime, and dual investment for short-term exposure to two cryptos.

Gate Wealth: This option, tailored for wealth managers and high-net-worth individuals (HNWI), includes features such as hybrid interest, anytime redeemability, and stable income. Gate.io offers products like Range Accrual, Double No Touch, SnowBall, and Quant under this category.

Staking: Lock your crypto for a certain period to get rewards. For ETH2.0 staking, Gate.io is charging zero fees and offering an estimated APR of 3.16%. To participate in ETH2.0 staking, you have to buy and hold ETH2. Rewards are distributed by the exchange from ETH2.0 Staking to EHT2 holders based on your average ETH2 holdings over a period of two weeks.

Gate.io Supported Payment Methods

To make crypto buying and selling a quick and seamless experience for users, Gate.io offers several convenient payment options. The trading platform supports about 100 fiat currencies via over 300 payment methods, including bank transfers and debit/credit cards. 

To enable the purchase and sale of crypto through debit and credit cards, Gate.io supports the following payment channels: Gate Connect, Banxa, Semplex, Mercuro, Moonpay, Volet, and Coinfy.

In addition to its other services, Gate.io also supports peer-to-peer trading, allowing you to trade crypto directly with other users. This feature supports a wide range of popular and commonly available payment methods, including Bank Cards, Alipay, WeChat, Western Union, PayNow, Perfect Money, Skrill, PayMe, Paytm, Google Pay, Apple Pay, UPI, Wise, ING, Monzo, Revolut, Zelle, Bank of America, Astropay, Line Pay, PayPal, ADVCash, and many more.

The wide availability of fiat currency and payment method support means Gate.io users can easily fund their accounts and buy crypto without jumping through hoops or using risky methods.

Minimum Deposits & Withdrawal Times 

There is no minimum amount required to fund your account at Gate.io, and depositing crypto is free of charge. 

For fiat currency deposits, the fees depend on the chosen payment channel. After selecting your payment method, Gate.io will redirect you to the third-party provider’s page to complete the payment. These service providers charge a trading fee, which differs from one platform to another.

For crypto withdrawals, a fee is applied for every transaction, irrespective of the amount you are taking out. The fee amount depends on the coin you are withdrawing. 

The withdrawal limit at Gate.io is 100,000 USDT per account every 24 hours. To increase your limit, you must complete your KYC ID verification. 

With stage one verification, the withdrawal limit increases to 2 million USDT; at stage two, it increases to 5 million USDT, and at stage 3, it reaches 8 million USDT. These limits apply to all withdrawal channels: on-chain withdrawal, Push transfer, and GateCode.

Fiat withdrawals are currently not supported at Gate.io, which means you, depending on your geographical location, will have to use other exchanges, such as Coinbase and Kraken, that support this feature.

Gate.io Customer Support

If you need assistance, Gate.io has several support options. You can email them at support@mail.gate.io or use the submit request and live chat features available on the platform. 

The platform’s Help Center is designed to answer most of your questions about its services. The search option right at the top of the website’s front page also comes in handy. The website further provides learning options, courses, future events, news, blogs, and a group to chat with other crypto traders.  

Gate.io’s social media presence covers a wide range of platforms, including Facebook, YouTube, Instagram, Twitter, Telegram, Medium, Reddit, Discord, Github, and VK, all available in multiple languages.

If we look at customer satisfaction, the platform has a poor rating of 1.8 on the review site Trustpilot. However, this isn’t much different from market-wide sentiments, with Binance having a 1.5 rating and Coinbase a 1.6.

Is Gate.io Legit?

Registered in the Cayman Islands, Gate.io is a legitimate crypto exchange. It operates legally, with Gate Group holding a service license in Malta and having applied for a license with the Securities and Futures Commission (SFC) in Hong Kong. In the United States, their entity is registered as a money services business with FinCEN and has secured money transmission licenses for its operations.

Not long ago, Gate.io started offering licensed OTC services after Gate MENA DMCC acquired a license from the Dubai Multi Commodities Centre (DMCC).

On the security front, Gate.io uses cold wallets to store user funds and guarantees 100% Proof of Reserves by employing an open-source Merkle tree solution in combination with third-party audits. Additionally, the Gate SAFU (Secure Asset Fund for Users), funded by transaction fee income, is set aside to protect users’ funds in an emergency scenario.

Moreover, the exchange utilizes SMS, Google OTP, IP address monitoring, withdrawal whitelist, login password, email address, Gate Ukey/Yubikey, security log, fund password, and anti-phishing code to maintain account security. However, it is important to note that Gate.io was hacked for $230 million in April 2018.

Our Review Methodology?

We are committed to helping our readers make better and more informed decisions when exploring the wild world of cryptocurrency, which is full of opportunities. In our reviews, we maintain the highest standards by evaluating the platforms and their various offers with a pragmatic and unbiased approach. 

Our team of professionals provides deep and actionable insights that you can trust and rely on to make your move in crypto. We further make sure that our reviews are up-to-date with the most relevant information to ensure the best experience. 

The Bottom Line on Gate.io 

Having established a name for itself over the past decade, Gate.io has emerged as a promising crypto exchange for trading a wide range of crypto. The exchange offers features like copy trading, bot trading, and leveraged tokens, making the trading experience even more fulfilling. Moreover, there are tons of crypto-earning opportunities, as well as access to DEXs, dApps, and NFTs. 

While it suffered a major hack over half a decade ago, the platform has improved its security and uses advances to ensure the safety of user funds. So, if you find yourself asking, “Is Gate.io trustworthy?” you can rest assured that it indeed is. So, to make the most of the crypto market opportunities, sign up on Gate.io!

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FAQs

Is Gate.io legit and safe?

Gate.io is a legitimate and secure platform licensed to operate legally in several countries. For security, it employs cold storage, 100% Proof of Reserves, Gate SAFU, IP address monitoring, withdrawal whitelist, Gate Ukey/Yubikey, and anti-phishing codes.

Is Gate.io a good trading platform?

Yes, Gate.io is a good trading platform for both beginners and professionals. It allows users to trade diverse crypto market opportunities and gain a better experience by utilizing trading bots, copy trading features, and a demo account. 

Is Gate.io a Chinese company?

Although Gate.io originated in China more than a decade ago, it has moved its base since then and now caters to users all over the world. Having obtained licenses in several markets, Gate.io is gradually establishing a legitimate worldwide presence.

Is Gate.io better than Binance?

Both Gate.io and Binance have their share of pros and cons. Binance is the leading crypto exchange in terms of trading volume and has been entangled in several legal disputes with regulatory authorities. Meanwhile, Gate.io is one of the top 10 exchanges with over 1,700 cryptos listed, offering trading bots, copy trading, and various earning options.

References

• Top Cryptocurrency Exchanges Ranked By Volume (CoinMarketCap)
• Fact Sheet on MSB Registration (FinCEN) 
• Virtual Asset Trading Platforms (Securities and Futures Commission) 
• Kim Steals Crypto to Make a Bomb (The Times) 
• Money Transmission Oversight Too Slow for Crypto (Bloomberg Law)
• Crypto Exchanges: Centralized, Decentralized or Hybrid? (CNBC18) 
• Complete Guide on Cryptocurrency Security (Blockchain Council)

The post Gate.io Review appeared first on Cryptonews.

In this MEXC review, we cover MEXC fees, its bonuses, payment methods, customer service, security, staking, and more to save you the time and effort of researching and comparing it with other platforms on your own. So, let’s get started!

Where MEXC Excels

Established in 2018, the Seychelles-based MEXC is a centralized cryptocurrency exchange (CEX) that caters to more than 10 million users around the world with localized language support. With billions of dollars in trading volume, the exchange offers deep liquidity to both spot and futures traders. MEXC’s multi-tiered, multi-cluster system architecture boasts a matching engine technology of up to 1.4 million orders per second.

Meanwhile, its wide range of crypto support ensures that traders will find their favorite and trendy coins to take full advantage of the crypto market. If users prefer, they can trade these vast varieties of altcoins on high leverage. In addition to trading, MEXC Global offers flexible and fixed crypto staking options to earn yield. Moreover, there are Launchpad and Kickstarter options for investors to make the most of their funds and join promising projects at an early stage.

MEXC is best for:

• Traders who want to trade a wide and wild variety of crypto assets at an extremely low fee
• Those who want to invest in crypto projects early on
• Those who want to copy trade other experienced crypto investors

An Overview of the MEXC Exchange

MEXC Supported Cryptos

With more than $1 billion in trading volume, MEXC offers deep liquidity, which makes it easier for traders to find the best prices and execute trades quickly. As for supported crypto, this exchange offers a wide range of cryptocurrencies for you to trade. Its total crypto count is close to 2,000, with more than 2,350 pairs available for trading. In this area, MEXC compares well with other popular options such as Binance, Coinbase, OKX, and Kraken, all of which have between 200 and 400 coins listed on their platform.

Similarly, in terms of MEXC crypto trading pairs, it offers far more options than these platforms, which support less than 1,000 pairs, except for Binance, which has over a thousand markets.MEXC’s spot market is pretty vast and diverse, comprising categories like BRC20, Bitcoin ecosystem, Solana ecosystem, Bitcoin inscription, meme coins, GameFi, ZK, RWA, SocialFi, POW, Web3, privacy, metaverse, innovation, Layer 1, Base Chain, stablecoins, NFTs, and more. The exchange also has a native token, MX, which hit an all-time high of $3.70 in early Dec. 2021. MEXC uses 40% of its profits to buy back and burn its exchange token, which is used across its other programs, such as Kickstarter, Launchpad, fee discounts, new token listing voting, and higher commission ratios.

MEXC Spot Trading Fees Explained

To compete in the fast-moving and highly competitive crypto market, MEXC has kept its trading fees considerably low. Both the maker and taker fees for the spot market are zero at MEXC. This zero spot trading fee promotion applies to all spot trading pairs on the exchange. In comparison, the largest crypto exchange, Binance, charges a 0.1% maker and taker fee to its regular customers. While the platform offers discounted fees via its exchange token BNB, its users will still incur a fee of 0.075%. Meanwhile, the publicly-traded Coinbase (COIN) imposes an even higher fee rate, starting from a 0.4% taker fee and 0.6% maker fee. Hence, MEXC users are clearly at an advantage here.

MEXC Futures

When it comes to futures trading, MEXC has two types of perpetual products: contracts that use USDT as collateral (USDT-M) and contracts that use the underlying crypto as collateral (COIN-M). As of writing, the centralized exchange is handling nearly $7 billion in volume and recording $1.75 billion in open interest. On MEXC, you can receive up-to-the-minute information on futures trades and position status, alongside insights on long/short balance and liquidation events.

Leverage & Demo Trading

MEXC offers the most amount of perpetuals at 399 pairs. Additionally, the platform offers leverage as much as 200x on both short and long positions that you can adjust freely. You can leverage trade anything from SOL, LPT, ENS, AR, DOGE, FIL, MATIC, INJ, SUI, ARB, RNDR, SHIB, TIA, APT, BNB, WIF, JTO, AI, PENDLE, and many more. At MEXC, you can take advantage of the demo trading before putting your hard-earned money into the market. Demo trading simulates real-life futures trading without risking real assets, allowing you to get the hang of the product, exchange, and market.

Futures Fees

MEXC charges no futures trading fees from markets. However, for those placing market or limit orders, MEXC will charge them a taker fee of 0.010%.On top of extremely competitive fees, MEXC offers its VIP members even more exclusive fee rates. Becoming a VIP customer grants users access to OTC deposits and withdrawals, exclusive privileges, and more.

Copy Trade

At MEXC, you can copy the trades of other successful traders. You simply have to pick the best trader you want to copy based on their performance. The platform provides a big list of professional traders with their respective 7-Day ROI, 7-Day PNL, 7-Day Win Rate, Total ROI, Total PNL, Total Win Rate, and Followers to make it easy for you to make your choice. While users can benefit from the experience and success of other traders via the Copy Trading feature, by allowing others to copy their trades, traders can earn up to 15% of their followers’ profits.

MEXC Bonuses & Competitions

When signing up with MEXC, the exchange offers a 1,000 USDT bonus to start your crypto journey. To claim the bonus, you just have to create an account and complete a series of tasks. However, it is important to note that the 1,000 USDT bonus is actually divided among 15 tasks, with each task offering between 5 to 500 USDT.

These tasks primarily include making a minimum transfer amount and maintaining a particular trading volume. Moreover, you also have to complete your first Flash Close, place a Take Profit & Stop Loss (TP/SL) order, use leverage, and invite new users to complete KYC. Besides the USDT sign-up bonus, MEXC also runs competitions regularly. Currently, the February futures competition is offering a 6 million USDT prize pool. Those with total futures account equity of more than 200 USDT are eligible for this competition.

Is the MEXC app safe?

MEXC is a multi-platform exchange that allows you to trade tokens on the go through its app. The app is available on iOS and Android for mobile devices, while its desktop app is supported for Windows.

Apple device users can download the app from the App Store, where the MEXC app has a rating of 4.0. The app supports iOS 12.0 or later. As for Android users, the app is available on Google Play, where it has achieved more than a million downloads and a rating of 3.8. During our MEXC app review, we found that the MEXC application is pretty clear and intuitive, with both dark and light modes available for users to choose from. On the app, you can easily choose to trade spots and futures, slide your leverage, and open long or short positions by simply clicking on buttons and then filling in the required details.

Moreover, Home, Markets, Trade, Futures, and Wallets options are available at the bottom of the page for easy access. Through this all-in-one digital services platform, you can manage your portfolio easily while enjoying high execution speeds and low fees. Here, you can instantly buy USDT with Visa and MasterCard or purchase crypto via P2P and third parties. You can further try its Launchpad, Kickstarter, PoS pool, MX zone, and other services on the MEXC app.

MEXC Staking Options

For those looking for yield-earning opportunities, MEXC has a few options for you. These staking options are available via MEXC Savings, under which two types of products are offered: Locked savings and Flexible savings. Under Locked Savings, you stake your crypto for a certain period, and for that specified duration, you can’t trade, transfer, withdraw, or use it in any way. So, those who wish to lock and hold their crypto for the long term can go with this option.

The other option is Flexible Savings, where staked assets automatically generate yield once activated. These locked-up assets can be traded, transferred, or withdrawn at any time. USDT, ETH, BTC, DOGE, SHIB, GALA, DYDX, SHIB, TRX, ETHW, and USDC are supported under flexible savings.

MEXC’s Simple Earn option meanwhile allows you to earn yields on USDC, USDT, ETH, and BTC at 1.25%, 0.95%, 0.55%, and 0.38% APR, respectively, for an extremely low minimum requirement. It has a mandatory minimum 1-day lock-up period. Furthermore, the exchange’s new product, MEXC Loan, allows you to collateralize one cryptocurrency to borrow another for trading or investing. Currently, you can borrow about USDT against TON for a 0.01% daily interest. You have the option to choose among three time periods (30, 60, or 90 days), with no partial repayments allowed.

Additional Earning Opportunities 

At MEXC, there are other ways to enhance your earnings. For instance, the platform offers exclusive MX events, where customers can use their exchange tokens to participate in exclusive airdrop events and win more rewards. This opportunity is available via Kickstarter and Launchpad.

Kickstarter offers an APY of 102.89% and Launchpad 2.44% APY. In the past 30 days, over 200 projects have launched via MEXC Kickstarter. However, during our MEXC Global review, we found that to participate in either of these events, users need to hold a minimum of 1,000 MX for at least 30 consecutive days.

What Payment Methods Does MEXC Offer? 

Crypto purchases are supported at MEXC via Express, P2P, and Third-party methods. For the Express option, the fiat services are operated by MEXC Estonia OÜ. Here, you have to select the buy tab, choose the currency to pay, crypto to buy, and the suitable payment method. The peer-to-peer method is supported for USDT, USDC, BTC, and ETH against VND, RUB, and KRW through bank account, MoMo, ZaloPay, and ShopeePay-SEA. MEXC supports P2P trades with zero fees. You simply have to choose the desired price and payment method, pay the seller, and receive your crypto.

Third-party payments are supported by Mercuryo, Banxa, MoonPay, and Simplex via Visa, Mastercard, Apple Pay, Google Pay, Bankcard, and SEPA. This option supports many fiat currencies like EUR, GBP, USD, VND, BRL, KRW, JPY, KZT, TRY, HKD, AUD, PHP, NGN, INR, TWD, EGP, THB, BDT, CHF, UAH, and IDR.

Minimum Deposit 

Deposits at the MEXC crypto exchange are free. When making deposits through a third party, the minimum required amounts are 29.46 EUR, 22 GBP, 50 USD, 60 AUD, and 50 CHF when buying USDT. 

For those opting for the Express option, the minimum amount will be 10 EUR, 8.5 GBP, 10 USD, 40,000 KRW, 6,000 JPY, 60 AUD, and 50 CHF when buying USDT.

Withdrawal Times 

You can withdraw both fiat and crypto from MEXC. Crypto withdrawals can be made to an external wallet, and fiat withdrawals can be made via P2P. However, bank transfer withdrawals are available only via SEPA for KYC-verified users in the UK and Germany. Meanwhile, P2P selling is available for KYC-verified users in Vietnam, South Korea, and Russia.

To make crypto withdrawals, visit the website, go to MEXC Wallet, select withdrawal, choose your crypto, fill in the withdrawal address, select the network, and input the withdrawal amount. After successfully entering the email verification and Google Authenticator codes, the withdrawal will be processed. The minimal withdrawal amount and fees differ for each coin.

MEXC Customer Service

Customer support at MEXC is available through various channels. You can explore its extensive Help Center, where you’ll find answers to most of your queries, ranging from platform usage, security, OTC, updates, and related information. If you wish to connect to a human for your questions, you can submit an inquiry or email them at service@mexc.com. Online support is also available via chatbot. Additionally, MEXC provides a form for reporting abnormal funds, which is for those who believe their stolen or defrauded funds have ended up at the exchange.

MEXC also maintains a presence on social media via Telegram, Twitter, Facebook, Instagram, YouTube, Reddit, Discord, TikTok, Line, LinkedIn, Medium, and TeleType. In terms of customer satisfaction, it has a rating of 1.9 on Trustpilot. This is in line with other top crypto exchange ratings, such as Coinbase, which has a 1.5 rating. However, MEXC does have a trust score of 8 out of 10 on CoinGecko.

Is MEXC a Trusted Platform?

When looking at the trustworthiness of any platform, it’s crucial to start with its location. So, where is MEXC exchange located? It is registered and headquartered in Seychelles, which is known for its less stringent financial regulations. In 2020, the platform obtained a financial service license issued by the AUSTRAC, which allows it to conduct digital currency exchange, wallet, and remittance services. MEXC also has an MSB license in the US as well as an Estonian MTR license to serve European clients.

However, amidst the changing crypto regulatory landscape, MEXC has received several warnings from authorities. In 2023, the British Columbia Securities Commission (BCSC) in Canada, the Austrian Financial Market Authority (FMA), and Germany’s Federal Financial Supervisory Authority (BaFin) issued warnings against the platform. Also, in Nov. 2023, the Estonian FIU revoked the license of MEXC Estonia OÜ. These events highlight the challenges crypto entities face. For security, the exchange uses 2FA and a combination of cold wallets and hot wallets for user fund safety. It has also published its proof of reserves.

Areas Where MEXC Could Improve

As noted in this MEXC review, while the exchange has several positives, there are a few areas where it needs to improve:

• Support for more fiat withdrawals would greatly benefit customers.
• Regulatory approval would help instill confidence in users.
• More customer satisfaction with quick responses and tackling customer withdrawals more efficiently.

Our Methodology

We are committed to assisting our users by providing them with deep insights that they can trust and rely on to make informed decisions when dealing with crypto assets. For our crypto exchange reviews, our team of professionals rigorously evaluates the platform and its various products and services with an unbiased approach. We further ensure that our reviews are research-oriented and up-to-date, providing crypto enthusiasts with the most relevant information for the best experience.

Conclusion

With so many cryptocurrency exchanges out there, it’s pretty difficult to find a platform that allows you to trade trending altcoins and new narratives while offering leverage to maximize but at a low fee. This is exactly where MEXC excels, offering new traders the opportunity to take advantage of altcoins’ volatility and copy-trade other professionals while providing experienced traders high leverage and the ability to earn rewards by offering their expertise.

On top of it all, MEXC users can also stake stablecoins, BTC, ETH, and other altcoins to earn yield. So, if you want to try the most exclusive opportunities offered in the crypto sector, sign up for MEXC and earn a 1000 USDT bonus!

MEXC FAQs

How do I trade with MEXC?

To trade with MEXC, just create an account, sign in, go to the trade tab, choose spot or futures trading, transfer funds, buy crypto, and finally sell.

Can you withdraw GBP from MEXC?

Yes, you can withdraw GBP from MEXC. However, bank transfer withdrawals are only available via SEPA for KYC-verified users in the UK and Germany.

Can I trade on MEXC without KYC?

Yes, you can trade on MEXC without KYC, as there is no mandatory identity verification. However, to increase your withdrawal limit, you have to complete the KYC verification, which is of two types: primary and advanced.

Is MEXC a good exchange?

MEXC is a decent exchange that offers demo trading, low fees, high liquidity, lots of crypto assets, high execution speeds, and several staking options.

Is it safe to keep crypto on MEXC?

You should never keep your crypto assets on any centralized exchange (CEX), including MEXC. If you do, only keep the funds you want to trade with.

Is MEXC better than Binance?

MEXC offers far more crypto assets to trade than Binance, and that, too, at highly competitive fees — zero fees for spot trading and only 0.010% taker fees for futures trading.

Is MEXC exchange safe?

Having operated in the market for six years now, MEXC is considered to be a safe exchange. It utilizes several security measures to assure user fund safety. However, there have been complaints from some of its users about difficulties in making withdrawals, so it’s always advisable to exercise caution when holding funds on a Centralized Exchange (CEX).

References

1. MEXC Statistics: Markets, Trading Volume & Trust Score – Coingecko
2. What is ‘Leverage’ – The Economic Times
3. Copy trading – a road to riches or risk? – Financial Times
4. What is a Demo Account? – The Balance
5. Cryptocurrency regulation: Rules are in development – Britannica
6. Express Check Out Element– Stripe
7. Staking Definition – CoinMarketCap

The post MEXC Review appeared first on Cryptonews.

Ellipal is a completely metal, airtight hardware wallet designed for mobile use but without network connections to ensure complete security against cyber and physical attacks. Today, in this Ellipal Wallet review, we will talk about the features that make it a great storage solution and how to set up your Ellipal Wallet. 

So, let’s see what Ellipal is all about and if it’s worth your time and money!

What is the Ellipal Wallet? 

Founded in 2018 during the bear market by David Tian and Tong Chen, Ellipal is a self-custodial, cold wallet that gives you exclusive access to your crypto funds. Developed to “create the ultimate hardware wallet,” Ellipal has established itself as the market-leading, large-screen air-gapped cold wallet that offers features like swap, staking, dApp support, a wallet app, and a better user experience.

Pros & Cons of Ellipal Wallet 

Here are the advantages and disadvantages of using the Ellipal Cold Wallet to secure your crypto assets, offering insight into whether Ellipal is a good wallet for your cryptocurrency needs.

Ellipal Wallet: Supported Coins

While conducting the Ellipal wallet review, we found that Ellipal supports 10,000 coins and tokens and 40 blockchains. These include Solana, Ethereum, Bitcoin, Hedera, Algorand, Cardano, Binance, Tether, XRP, Avalanche, XDC, Fantom, Polygon, Theta, Tron, Cosmos, Polkadot, Kusama, Zcash, and more.

As for the type of tokens that Ellipal supports, it has all kinds of categories, ranging from layer 1s, AI, gaming, meme coins, DeFi, metaverse, and more. It is also constantly adding new assets to keep up with the growing number of fresh projects launching every day. Ellipal is a one-stop solution for users to buy, sell, store, swap, and stake tokens.

The wallet further allows you to secure your non-fungible tokens (NFTs), protecting them from both online and offline threats. Ellipal supports NFTs on Ethereum and Polygon, offering robust compatibility. Additionally, the wallet can be connected to 50+ NFT marketplaces, enabling you to sell, buy, and trade NFT directly. You can also view your NFT collections in the mobile app.

Understanding Ellipal Wallet’s Pricing & Fees 

Now, let’s talk about the prices. Ellipal offers two types of products, each with a different price tag in line with its features. The more affordable option is the ELLIPAL Titan Mini Cold Wallet, priced at $99. This air-gapped wallet comes with a secure CC EAL5+ chip and support for QR codes. As for the physical device, this fully metal-sealed wallet weighs 112g, has a 2.4-inch screen, and has a 600 mAh battery with a standby time of 50 hours. 

The ELLIPAL Titan 2.0 Cold Wallet, on the other hand, will cost you $169. Much like the mini device, this one is air-gapped and has a QR scanner, CC EAL5+ security, a MicroSD card, and a fully metal-sealed body. Compared to the Ellipal mini, Titan 2.0 is bigger, weighing 140g, and has an IPS Display, 4-inch screen, and 1400 mAh battery.

When buying either of the devices, you’ll get a comprehensive package that includes a hardware wallet, a Type-C charging cord, one security adapter, one Micro SD Card, two seed phrase recovery sheets, and a user manual.

As for the transaction fees when using the wallet, you only have to pay the fees charged by the network you are using, such as Ethereum or Solana. You can manually select the network or gas fees to make sure that your transaction is successful. Swapping or buying coins directly inside the app or the device is also free of any charge. 

Is Ellipal Safe?

To ensure user fund safety, Ellipal makes use of several security measures, and in this Ellipal review, we will take a look at all of them:

Air-Gapped for 100% Security

Ellipal cold wallets protect your assets from online and remote attacks by ensuring complete isolation. Here, your private keys never come into contact with the internet, which is why Ellipal doesn’t provide support for any kind of wireless connection, be it cellular, Bluetooth, USB, WiFi, or NFC.

In crypto, air-gapped wallets represent the pinnacle of full online protection. They achieve this by completely separating your device from others, thereby shielding you from exploits, malware, hacks, or other types of cyberattacks. 

These wallets make use of QR codes or a Micro SD card to send or receive transactions from an outside wallet. Ellipal’s QR codes are offline, public, and verifiable. This way, air-gapped wallets like Ellipal give you full control over your coins and enhanced security, making them an ideal option to store your crypto fortune for the long term.

Even the firmware can be updated without an internet connection. This process involves downloading the latest software from Ellipal’s website and putting it on a microSD card. The card is then placed into the device, which will check and install the software.

Certified Security with EAL 5+

EAL, or Evaluation Assurance Level, is a grade given to an IT product following a security assessment based on Common Criteria. This level signifies the depth of testing the product has undergone. Under this internationally recognized standard, the lowest grade is EAL1, and the highest grade is EAL7. 

To achieve EAL5+, a product must demonstrate the highest possible level of security against penetration testing. In crypto, Ellipal is among the top hardware wallets like Ledger and Trezor that use secure element chips with an EAL 5+ certification.

Anti-Disassembly & Anti-Tamper

While many hardware wallets in the crypto industry claim to offer the highest possible online security, they may not always be fully secure from offline attacks. This is where Ellipal distinguishes itself by ensuring the product’s safety even before you get your hands on the device. 

Supply chain attacks pose just as much of a problem as hacks and phishing links, with popular hardware wallets like Ledger having actually experienced them. To safeguard your devices from a supply chain attack, Ellipan employs anti-tamper and anti-disassembly features.

Under the anti-tamper feature, the wallet automatically deletes its data in case a breach is detected, such as a hacker cracking open the wallet, making the device unusable. The anti-disassembly feature, meanwhile, is the wallet’s ability to resist being forced open by hackers. With these features, Ellipal ensures complete protection of your cryptocurrencies. 

Additional Measures

In addition to these security measures, Ellipal Wallet offers PIN and password protection whenever you use the device and your account. In case you forget your password, the recovery phrase will help you get back into your accounts.

Ellipal’s automatic self-destruction, meanwhile, ensures no one gets to your assets even if they steal your device by erasing everything on it if someone enters the wrong password 10 times.

Then, there’s an easy-to-use open-source private key generator called ELLIPAL Joy, which is equipped with a random number generator that produces 32-bit random numbers for absolute security.

Another security feature of Ellipal wallets that is a must to highlight in this Ellipal cold wallet review is the secret secondary wallet option, under which you can set up alternate accounts. So, if you are ever in a really dangerous situation, you can unlock an alternate account by using a different password.

Is the Ellipal Wallet Easy to Use? 

The Ellipal wallet is pretty sleek, simple, and easy to use. It has a big touch screen with a black background, so you can see everything clearly. There are no buttons here, just the touchscreen that allows you to perform all the actions such as creating accounts, adding coins, sending and receiving coins, staking tokens, and more.

The wallet also features a camera to scan QR codes, enabling you to connect with the mobile app and manage your assets. In the settings section of the wallet, you’ll find languages to select and a screen lock option to set your pattern and time for the same between 15 seconds and 30 minutes. 

The cold wallet is designed to be connected to the mobile app, which comes with a guide section to help you set up as well as use the wallet. Right on the main page, you’ll find your cold wallet option, along with the assets, markets, and profile options at the lower end of the screen. 

To move your assets, you simply have to click on the cryptocurrency you want to transfer, and you’ll find your crypto address and balance, as well as send and receive options. You’ll also find your transaction status in the history whether the asset has moved out, in, or failed.

Overall, it was clear to us during our Ellipal wallet review that it offers a user-friendly experience for managing your crypto holdings. As for the wallet’s reputation, on the customer review site Trustpilot, Ellipal has an average rating of 2.8, with primary issues around orders. While low, it’s in line with other providers like Ledger, which has a 2.3 rating, though Trezor has a higher rating of 3.6.

Key Features of the Ellipal Wallet

Now, let’s cover different features that you can access on Ellipal:

A Hot Wallet in Mobile App

For starters, you can download a mobile app on both Android and iOS devices. Both Titan Mini and Titan 2.0 support all mobile systems. Android users can download the app from Google Play, where it has a 4.0-star rating and 50K+ downloads. Meanwhile, Apple users can download it from the App Store, where it has a 3.7 rating and is compatible with iPhone (iOS 14.0 or later), Mac (macOS 11.0 or later), and Apple Vision (visionOS 1.0 or later).

The air-gapped setup of these cold wallets necessitates using the app to initiate transactions, as it serves as a proxy. You can connect your app to Titan Mini and Titan 2.0 using QR codes. 

On its own (separate from the hardware wallet), the app works as a hot wallet. Through the Ellipal mobile app, you can buy, sell, trade, and invest in crypto with ease, with the buying feature powered by Simplex, Bifinity, and Banxa. To make a purchase, you just have to complete KYC, and then you can use Visa, Mastercard, or Apple Pay to purchase crypto right from the app.

Moreover, the one-stop app not only allows swaps between two cryptos, a feature powered by Changelly and SWFT, but it also integrates with software wallets like Metamask. This integration allows you to connect to dApps and explore the vast and vibrant Web3 ecosystem. Recently, Ellipal even introduced the seamless linking of accounts with Metamask via a QR code.

Earn Passive Income with Staking

At Ellipal, you can also enjoy earning opportunities by simply locking up your tokens. For those unaware, staking is a popular way to earn passive income in the crypto world and is widely available across wallet providers. 

Staking on Ellipal is pretty easy to do. You can simply use the QR code scanner and directly stake from the wallet. However, the available options are extremely limited. 

We found during the Ellipal wallet review that you can only stake a total of just five crypto assets with Ellipal Titan Mini and Titan 2.0, which are as follows:

• Cardano (ADA)
• Cosmos (ATOM)
• Polkadot (DOT)
• Kusama (KSM)
• Tezos (XTZ)

Vast World of dApps 

With Ellipal wallets, you can enjoy a wide range of dApps—decentralized applications that are often free for anyone to use worldwide. These cover a diverse range of areas, including payments, gaming, metaverse, lending, social media, and much more.

Ellipal facilitates this through popular Web3 wallets like MetaMask and WalletConnect, enabling you to use more than 200 dApps. Here, you can swap, lend, borrow, game, and NFT on ETH, BSC, and Huobi’s HECO ecosystems.

To get started, just get to the Ellipal App, discover MetaMask to connect, scan the QR code, and start exploring.

Ellipal’s Customer Service 

Customer service isn’t crypto’s strongest suit due to the industry’s decentralized nature. With no single centralized authority in control, this makes sense. However, with mainstream, non-technical users getting in, it’s prime time for crypto products and service providers to offer prime assistance to their consumers. 

We found in our Ellipal titan review that the hardware wallet provider has a help center. This center provides a FAQ section, user manual, and information about order and shipping and warranty and refund policy. Its blog section, meanwhile, covers a wide range of industry topics to help its users stay informed and remain secure.

To contact the firm, you can write to Ellipal’s customer service at cs@ellipal.com. The company has also provided its Hong Kong address and other emails to contact. It further has a bounty program to fortify its wallet security.

However, there was no live chat or phone number. Ellipal’s social media meanwhile covers X (previously Twitter), Facebook, Instagram, TikTok, and YouTube.

How to Use Ellipal Wallet

In this section, we’ll help you get started with Ellipal Wallet:

1. Download the App

Once you have purchased the Ellipal Titan device, you first have to select the language. Then, it’s time to download the app. To do so, take your phone and scan the QR code from your wallet, or you can just go to the Apple Store or Google Play Store. You can also head to the Ellipal website to download the ELLIPAL App.

2. Create an Account

Next, tap on ‘Create Account’ on your device. This will require you to enter your name and password. 

3. Set Up a Recovery Phrase 

Now comes the most important part: writing down the 12 or 24 words that the device presents you. These random sets of words, called mnemonic phrases, are the backup for your private keys, and in no condition you could misplace them because if someone else gets to these words, they can get access to your crypto fortune. 

So, write them on a piece of paper. Do not write them on your phone’s notes app, the Google sheet, or take a picture because then they run the risk of being compromised as they are online. Once written, store them in a secure place. If you ever lose your device, these words will help you restore your wallet.

Your device will then ask you to confirm your mnemonics. You just have to select them in the correct order. 

4. Add Coin Addresses

Before moving your crypto to the wallet, you have to add them first. Just select the coins you want to store in this account. Once added, Ellipal will create an address for the chosen coins.  

5. Connect to the App

Now, to connect your account to the app, select your account. In the upper right corner of the screen, click on the icon. This will take you to ‘Connect to App.’

On the app, you can tap on ‘Connect to Cold Wallet,’ which will turn on your phone camera. Then, just scan the QR code. 

As your app and wallet connect and all your information is synchronized, you can add assets right from your app, check your balance, and transfer your assets.

6. Make the Transaction

On the Ellipal app, go to assets and select the crypto you want to use. Then, you’ll see three options: ‘Send’, ‘Receive,’ and ‘Exchange.’ Tapping on the send option will take you to a page where you have to fill in the amount of crypto and the address that you want to send it to. You can then choose the fees and submit the transaction.

On your cold wallet, go to your account, select the asset, and tap the ‘Sign’ icon. After entering the password, your camera will turn on. Use it to scan the QR code displayed on your app. 

Now, your wallet will generate a ‘Signed Data QR code’ that you have to scan on the app to finish the transaction. To check the status of your transfer, simply look at your transaction history on the app.

Is Ellipal Wallet Worth It in 2024? Our Verdict

Having been in the market for 6 years now, Ellipal boasts of a successful track record with its crypto cold wallet. Its air-gapped device ensures full protection from online threats, while its anti-tampering, anti-disassembly, and self-destruction features prevent any offline attacks. 

By using this cold wallet with the Ellipal mobile app, you can further enhance your security, buy and swap coins, manage thousands of tokens and NFTs, boost your holdings with staking, and explore the exciting dApp space.

Use the ELLIPAL&CRYPTONEWS coupon code for a $20 discount at the checkout. However, please note that while all cold wallets from the Titan series, including bundles, are eligible for this discount, accessories are not.

In short, it was clear to us during our Ellipal Titan 2.0 cold wallet review that Ellipal is one of the best cold wallets for storing and managing your Bitcoin, altcoin, and NFTs. So, to protect your crypto fortune, check out an Ellipal Wallet today!

FAQs

References

• What is Evaluation Assurance Level (EAL)? (TechTarget)
• Decentralized Applications (dApps): Definition, Uses, Pros and Cons (investopedia.com)
• What is Air Gap? Definition & Meaning (BitDegree)
• Mnemonic Seed | Source of Keys in an HD Wallet (Learn Me A Bitcoin)
• Anti-tamper Glossary (National Institute of Standards and Technology)

The post Ellipal Wallet Review appeared first on Cryptonews.

We want to analyze every aspect of Bitwin Casino to help you determine if it’s the right option for you. Our job is to cover all the most important details that gamblers need to know:

Bitwin Casino Review Key Takeaways

Here’s one of the most promising online casinos that’s attracting a ton of players. Bitwin is an incredible casino with everything you need in one place — classic table games, live dealer tables, slots, and more. There’s also a sportsbook that covers the NBA, NFL, and many European sports leagues. 

Bitwin is a reliable casino with many gaming options that cater to all types of players. The website is relatively new, but it’s a crypto casino that already has a loyal customer base. Also, the casino rewards you with 2.5 BTC in bonuses over three deposits when you join.

Bitwin

Website

Link

License

Curaçao

Parent Company

Dama N.V.

Has token

No

Payment Methods

Founded

2023

Software

BGaming, Eguzi, Kalamba Games, Quickspin, Evolution Gaming, BetSoft, Evoplay, Spinomenal, Platipus

Minimum Deposit

$20

Bitwin Casino Gallery

Bitwin Bonuses and Promotions

Below we review the various bonuses and promotions available at Bitwin.

Welcome Bonus

The welcome package at Bitwin is very generous — the online casino offers you one of the best Bitcoin casino bonuses. Here, 2.5 BTC is available over three first-time deposits, and you’ll receive 275 free spins. If you pay with fiat currency, the welcome bonus is worth $1,500, which is obviously less valuable. 

Bitwin Casino’s welcome bonus:

Cash Offers & Promotions

Active players can also take advantage of ongoing promotions at Bitwin Casino. Weekly reloads are there for the taking, allowing you to boost your bankroll significantly. Bitwin will cover 100% of up to $50 every Monday when you make a deposit. 

You can also claim 150 free spins every Friday. Deposit $100 into your account to play many slot games that’ll reward you handsomely if you get lucky. The offer expires 7 days after you activate it, so you should use those spins when you can.

VIP and Loyalty

There’s also a VIP program at BitWin that allows high-rollers to earn plenty of extra rewards. You can unlock additional perks by playing online slots such as Wild Cash and Floating Dragon. The casino will provide you with more and more free spins the more you gamble. 

Bitwin offers a VIP program with five different levels — Iron, Bronze, Silver, Gold, and Platinum. You can reach the Platinum level by accumulating over 30,000 points. The online casino will then reward you with $1,000 and 500 free spins.

Bitwin Promo Codes

Bitwin Casino doesn’t offer any promo codes that you can redeem. However, you can activate the welcome bonus regardless of any promo code.

You’ll receive extra funds to play Bitcoin slots and other games when you join Bitwin Casino. The promotions are available to every player, but if promo codes become a requirement, we’ll keep you updated. 

What Casino Games Are Available?

You can play games (a wide range of them) when you join Bitwin. We want to cover your options and provide you with an overview of what’s available. 

Slots

There’s a broad selection of slot games at Bitwin, with options ranging from jackpot titles to megaways and bonus buys. We’re not exactly sure how many slot titles are available, but it’s likely in the thousands. That means there’s no shortage of options for you to choose from. 

Many popular and exclusive titles are also available. Bitwin gives you access to some of the best online slots in the industry, such as Wild Cash and Golden Fishtank. You can also play the free version of every slot game to determine if you enjoy it or not. 

Bitwin also does a great job of organizing the entire slot collection. You can choose to play certain games according to different categories and software providers. There’s also a search tool that allows you to look up the names of the games.

Blackjack

Blackjack is very pervasive among gambling sites and online casinos. It’s a game that’s played universally, and Bitwin is no exception. Many Bitcoin blackjack games are available, including American Blackjack and 21 Burn. 

To find the blackjack games, you’ll click on the “table games” tab and explore all your options. You can also use the search tool to find a blackjack that may appeal to you. We guarantee that you’ll discover plenty of variants that you’ll enjoy.

Roulette

One of the most popular online casino games is roulette — it appeals to millions of players. We found that Bitwin carries over 150 roulette titles, including the European and American versions of the games. 

Evolution and Ezugi are the software companies that provide most of the roulette games at Bitwin. These are industry-leading developers that never compromise when it comes to gaming quality.

Poker

Bitwin Casino doesn’t offer a very huge selection of poker games. However, you can still select from several fun and exciting titles, such as American Poker Gold and American Poker V. We urge you to learn a basic video poker strategy if you’re new to the game. 

Live Dealers

There’s also an entire section dedicated to live dealer games at Bitwin. You can play all the classic table games (baccarat, roulette, poker, etc.) and other obscure options. For example, Bitwin offers you the live versions of Bac Bo and Crash Or Cash. 

Bitwin carries around 700 live dealer games, which is pretty extensive. You won’t find many other online gambling sites that offer that many live casino games. Furthermore, you never have to wait for a spot to open up because so many virtual tables are available.

Other Games

Many other high-quality casino games are accessible to new and active players at Bitwin. You can explore lottery games, variants of keno, and game shows such as Mega Ball and Mega Wheel. 

Overall, there are plenty of new and exclusive games that Bitwin provides. Could there be more variety? Sure, but the selection is pretty impressive and will satisfy anyone who’s new to online gambling.

Bitwin Casino Sports Betting

Many new players have also joined Bitwin because the sports betting coverage is phenomenal. In fact, we consider Bitwin to be among the best offshore betting sites for sports. You can wager on all your favorite competitions and athletes from around the world. 

You can explore over 35 categories of sports and thousands of markets when you join. Bitwin also covers non-sporting events — there’s a category dedicated to movies and TV shows. For example, you can bet on which movie will win Best Picture at the Academy Awards.

Some of the sports covered by Bitwin include the following: 

• Basketball
• American Football
• Soccer
• Volleyball
• Aussie Rules
• Tennis
• Boxing
• NASCAR
• Cycling
• Formula 1

Soccer will likely offer you the most opportunities to win from your predictions. Bitwin often offers over 800 markets at once involving the Premier League, Bundesliga, Series A, and many other leagues. You’ll also discover hundreds of matchups involving tennis that offer competitive gambling odds. 

We finally want to mention that the coverage of esports is seriously impressive. You can wager on top competitions involving video games such as League of Legends, Dota 2, and Valorant. Also, don’t forget about in-play betting, which allows you to wager as competitions are underway.

Odds

The odds determine exactly how much money you can earn with a winning bet. At Bitwin, you’ll discover that the odds are very competitive, allowing you to profit from your own knowledge of sports. Bitwin gives just as good a chance to maximize your earnings as any other bookie. 

Let’s say that you want to bet the moneyline on an NFL game. You’ll discover high odds for a team that actually has a high probability of winning. This allows you to use your knowledge to your advantage and outsmart the bookies. 

There are also many different types of bets that you can make when you join Bitwin. They include moneylines, spreads, totals, player specials, and more. Furthermore, Bitwin has a betting slip that makes it easy for you to track your wagers. 

Overall, Bitwin is an excellent option if you’re looking for a bookie with competitive prices. Sports betting can be a lot of fun, but you also want to earn as much money as you can. Furthermore, we urge you to learn more about how to bet on sports online before you get started.

Deposits and Withdrawals at Bitwin

You can pay with crypto and fiat currencies when you make deposits at Bitwin. However, players often prefer to use Bitcoin, Ethereum, and other altcoins. That’s because the withdrawals are much more efficient and faster with crypto. 

You can deposit by using a VISA baking card or eWallets such as Neteller, Skrill, and Neosurf. Traditional bank transfers are also available, and every deposit should show up in your account within minutes. 

The minimum deposit is $20 to get started, and you need only $20 in your account to withdraw. Keep in mind that withdrawal times will vary according to the method you use. For example, withdrawals using BTC will be processed within minutes. Bank transfers, however, can take several days. 

Keep in mind that bonuses involving fiat currencies are worth a lot less than Bitcoin casino bonuses. Furthermore, the most that you can withdraw per month is $15,000, which is on the lower side.

Payment Methods

Below is summary of the accepted payment methods at Bitwin.

• Accepted Deposit Methods: BTC, ETH, USDT, LTC, DOGE, VISA, Neteller, Skrill, Neosurf, Flexepin, Bank Transfer, and more
• Minimum Deposit: $20
• Minimum Withdrawal: $20
• Withdrawal Time: Instant

What Software Does Bitwin Casino Use?

Bitwin is powered by well-known software developers to provide you with the best experience. This ensures that you can entertain yourself for hours on end while also having access to many high-quality games. 

It’s very possible that you’ll recognize many of the software companies that work with Bitwin. They include BetSoft, Endorphina, NetEnt, Nucleus Gaming, Pragmatic Play, Red Tiger, and many more. Anyone who’s familiar with online gambling will know about these companies.

The games featured at Bitwin are also provably fair. Each software provider will test their games and use RNG technology to ensure that the outcomes are randomized. We promise you that everyone has an equal chance to win a huge payout. 

Finally, it’s also important to know that software developers will publish new games all the time. You should always keep an eye out for new releases and play them when you get the chance.

Interface and User Experience at Bitwin

The interface at Bitwin is what you’d expect from a well-respected casino site. All the elements on your screen are neatly organized, making it easy to navigate the website. The registration process is also very simple — you’ll be gambling online in a matter of minutes.

To create an account, you simply click the “Sign Up” button and provide any information the casino requests. This includes your name, address, email, and telephone number. You’ll also create a username and password. 

Bitwin also does a great job of offering you categories for all the games they carry. You can filter through them according to the types that you enjoy playing the most. Also, with thousands of games to choose from, there are plenty of new discoveries that await you. 

All the games run very smoothly and offer you a user-friendly experience. The graphics and animations are eye-popping, keeping you engaged and entertained at all times. Furthermore, the live casino at Bitwin is also incredibly robust, with plenty of action to go around.

Bitwin Regulation and Safety

Founded in 2023, Bitwin Casino is owned and operated by Dama N.V. and has an online gambling license with Curacao eGaming. Dama N.V. is based in Cyprus, and the license number is 8048/JAZ2020-13. This means that the government of Curacao is responsible for regulating Bitwin. 

Bitwin is very safe, utilizing multiple security features to protect your data. Encryption technology and KYC verification will safeguard your account from data breaches. Furthermore, Bitwin is ensuring fairness by featuring games from well-known software companies. 

There’s also a self-exclusion policy at Bitwin, which can protect you from problem gambling. You can contact the customer support team, and they’ll suspend your account for an indefinite amount of time.

Bitwin Casino Verdict

The final verdict of our Bitwin Casino review is that it’s an excellent option for all players. That’s because the welcome bonus is worth 2.5 BTC, which is incredibly valuable. Additionally, Bitwin offers you access to many unique games, and they have a sportsbook with competitive odds. 

Let’s also not overlook the fact that online banking is very easy and convenient at Bitwin. The casino accepts over 15 different deposit options, including crypto, eWallets, and bank cards. $20 is all it takes to get started, and withdrawals occur instantly when you use BTC, ETH, and other altcoins.

FAQs

Is Bitwin Casino legit?

Yes, Bitwin is a legitimate casino that allows you to play real money games. With a gambling license in Curacao, Bitwin is well-regulated and audited by an offshore gaming authority.

What games can you play at Bitwin Casino? 

There are a wide variety of casino games accessible to players who join Bitwin. The casino offers online slots, blackjack, baccarat, roulette, poker, live games, and much more. 

What is the welcome bonus at Bitwin Casino?

Bitwin has a lucrative welcome bonus for new players. The casino will reward you with up to 2.5 BTC and 275 free spins over three deposits when you join. 

The post Bitwin Casino appeared first on Cryptonews.

Are you concerned about the security of your crypto hardware wallet’s seed phrase? Many people entering the cryptoverse under the promise of being your own bank freak out when they realize they have to take full responsibility for the security of their crypto assets. 

Some suggest printing your seed phrase or laminating a piece of paper. But is it durable enough over the long haul? The last thing you want to experience is losing a substantial amount of cryptocurrency due to your seed phrase storage failure.

Worry not: extremely durable backup alternatives do exist, and CRYPTOTAG Thor is one of the best amongst those.

In this CRYPTOTAG Thor review, we will look at its qualities, usability, design, and whether it is worth your hard-earned money.

CRYPTOTAG Thor Review Summary

Watch our video review for a more complete view of what CRYPTOTAG Thor is, what it all looks like, and how you can use it.

Pros and Cons of CRYPTOTAG Thor

Pros

• A premium cold storage solution. CRYPTOTAG Thor lets you go beyond the technology and imprint your seed phrase on a nearly indestructible item. It’s fireproof, waterproof, and resistant to corrosion, erosion, and physical damage. It is one of the most durable backup seed storage solutions out there. Peace of mind guaranteed.
• Simple to use. Not everyone is a skillful engraver, but CRYPTOTAG ensures you will feel like one. The process of hammering your seed letters is made easy by the well-crafted plates and bits. Hence, the setup won’t take long even if you have no similar prior experience
• Great value for money. For EUR 350 (~ USD 370) you will get two titanium plates, 26 bits for engraving, an anvil, a hammer, earplugs, and a package of matches
• Attention to detail. The entire package and product presentation just scream “quality.” You’ll be delighted to get CRYPTOTAG and unbox it for yourself.

Cons

• Not suitable for everyone. CRYPTOTAG Thor is useful for advanced crypto enthusiasts who keep large stashes of bitcoin or other digital assets securely in their cold wallets. However, new investors might be more comfortable with keeping their cryptocurrency on exchange wallets, even though that is not recommended.
• You still have to keep your CRYPTOTAG secure. As a cold storage solution, CRYPTOTAG may be unhackable over the web. However, someone who knows about cryptocurrencies might recognize and take it. Therefore, you should keep it safe and away from everyone. A pro tip, in this case, would be to enable the 25th-word using Trezor or set up an extra passphrase if you use a wallet by Ledger. If the thief steals your CRYPTOTAG, he or she still won’t be able to access your funds.
• Not reusable. Initially, you get a pair of plates only which fit 48 words. If you need to make changes, or simply want to move funds and reset your hardware wallet, you will have to order more plates later on. Essentially, CRYPTOTAG designers had to make a tradeoff between security and reusability and chose the former instead of the latter.

What is CRYPTOTAG Thor?

CRYPTOTAG Thor is a titanium plate made for engraving your hardware wallet’s seed phrase. Designed by the Dutch namesake company located in Amsterdam, CRYPTOTAG introduces a whole new level of digital assets’ security. So if you’re keeping a significant portion of your crypto holdings in hardware wallets like Ledger or Trezor, a nearly indestructible storage method of backup phrases might be a thing of interest to you.

Essentially, Thor is a toolkit for engraving your seed phrase on titanium plates. It is designed following the BIP39 standard. As such, it lets you carve four letters of each seed word, which is enough to get the whole word and eventually the entire seed phrase.

The titanium plates are fireproof, waterproof, and bulletproof, and can withstand pneumatic hammers, profile bending, metal rollers, high pressure, and other stress. Your seed phrase will remain intact even if all hell breaks loose.

The Thor toolkit comes with a full set of tools to help you engrave your seed phrase. You will get an original CRYPTOTAG hammer and anvil, as well as other necessities required for the engraving process (even matches for burning your old paper seed). You get the instant feel of quality when you unpack it, and every tool is well-designed. The designed inspiration came from cryptographers, engineers, metal workers, designers, and aviation and racing industries.

CRYPTOTAG Thor Unboxing

Once you order the CRYPTOTAG, don’t be surprised to receive a large box of items. It includes:

• The hammer
• Two CRYPTOTAG plates
• 26 bits with letters
• Anvil
• Earplugs
• Matches

The unboxing itself is a delightful experience. You can tell the CRYPTOTAG team pays special attention to all the small details.

The CRYPTOTAG setup process is made to be easy for anyone and can take up to 30 minutes. Here is a short video on how to do just that.

CRYPTOTAG Thor Design

CRYPTOTAG Thor is a premium product with a premium design. Every piece, including bits, has either a CRYPTOTAG logo or name on it, which creates a truly premium look and feel.

Each titanium plate weighs around 94 grams and is rather pleasant to hold. On the front side, there is a CRYPTOTAG name and logo. On top of each plate is a WALLET ID checkbox where you can leave two signs to differentiate between the plates. A pro tip is to use half of each plate (1-12 or 13-24) for different wallets. This way, even if someone manages to obtain one of your CRYPTOTAG plates, he or she needs to get both of them to make up the entire seed phrase. Naturally, both plates should be kept in different locations.

The anvil and the hammer are more massive and contribute the most weight to the 3.6-kilo package. The hammer fits perfectly in one’s hand and is super pleasant to hold due to the rubber grip. Though it weighs 2 lbs (over 900 grams), it is useful even after the engraving is done (if you didn’t have a hammer before). It’s unlikely that you’ll find any other use for the anvil – it is explicitly designed to fit the titanium plates and make the lettering as easy as possible.

Each letter bit also has the name CRYPTOTAG engraved on one side of it (out of four). When engraving, always make sure the title faces you. This way, you won’t stamp the letter sideways or upside down.

In the end, there are even matches for burning your paper seed copy. Of course, you don’t have to burn it down, but it’s at the essence of the CRYPTOTAG experience.

Even the cypherpunk, developer and outspoken Bitcoin advocate Jameson Lopp admires CRYPTOTAG Thor design:

“I was impressed by the heft the moment I picked up the box and my opinion kept increasing as I worked my way through it.’’

All in all, CRYPTOTAG is the highest-grade security solution for your crypto seed words.

CRYPTOTAG Tests

One last thing on our mind when purchasing a seed backup solution (and the most important one) is how durable it is. It turns out to be the critical question that bothered the CRYPTOTAG designers, too. Hence, they prepared a testing facility page on their website where we can find out how enduring CRYPTOTAG can be.

CRYPTOTAG team shows that their device can endure the harshest conditions. These include:

• Blowtorch
• Blacksmith fire
• Open fire
• Closed fire
• Temperatures up to 1665 °C or 3029 °F
• Pneumatic hammer
• Profile bending
• Metal roller
• High-pressure testing
• Gunfire (shot from 10 meters with 9MM Barreta, Glock, and CZ Scorpion SMG).

In sum, you can be sure that your seed words will still be readable after 5, 10, or even 25 years.

CRYPTOTAG Thor vs Zeus vs Odin

Cryptotag Odin is a backup tool dedicated specifically to Shamir SLIP-39 backup schemes. Meanwhile, Cryptotag Thor and Zeus toolkits are designed for BIP-39 seed phrase storage, and the sole difference between the two titanium plates is the price and the number of wallets and seed words than can be stored via each kit.

You can read our full reviews of Cryptotag Odin and Cryptotag Zeus kits here.

Is CRYPTOTAG Thor Worth The Money?

CRYPTOTAG Thor is a premium seed backup solution for everyone serious about their crypto security. Currently, the starter kit costs EUR 350, and it allows you to back up two 24-word seed phrases. If you need to back up more wallets, you can get two extra plates for an extra EUR 159.

Ultimately, CRYPTOTAG Thor offers decent value for money, especially if you store substantial amounts of money in crypto. It is always better to be safe than sorry, and CRYPTOTAG lets do you precisely that.

The post CRYPTOTAG Thor Review appeared first on Cryptonews.

ArbiSmart is an EU-regulated crypto investment platform that lets you engage in automated arbitrage trading. Simply put, crypto arbitrage trading refers to buying crypto-assets cheaper in one place and selling them more expensively on a different trading platform. As such, automated crypto arbitrage is one of the best ways to profit from trading cryptocurrencies.

ArbiSmart Review: Key Features

ArbiSmart is an EU-licensed automated crypto arbitrage platform that lets you deposit fiat and crypto funds and employ them using the platform’s advanced AI-based algorithm to earn steady and reliable passive income.

Using ArbiSmart as an investing tool comes with the following benefits:

• No prior investing knowledge or experience needed
• Fast, effective, and automated trading platform with convenient management tools
• Safe and regulated broker
• High potential returns with low risks
• A steady source of passive income
• 24/7 customer support desk with the highest customer satisfaction standards

All in all, ArbiSmart simplifies arbitrage investing for regular, everyday people with little to none investing experience. All you need to do is sign up for the service, verify your identity, deposit an appropriate amount of funds, calculate your potential returns, sit back, enjoy and reap profits.

ArbiSmart History and Background

Established in Estonia in early 2019, ArbiSmart is operated by ArbiSmart OÜ, a company regulated by the Financial Intelligence Unit (FIU) of Estonia. The company is licensed to provide virtual currency exchange services against fiat currencies under license number FVR000773 and provide virtual currency wallet services under license number FRK000674. The company’s registered address is at Harju maakond, Tallinn, Kesklinna linnaosa, Pärnu mnt 158/2, 11317, Estonia, and operational addresses Tornimäe 5, 10145 Tallinn, Estonia.

The company was established using USD 50 million private investment, which is being used for the ongoing maintenance and development of the platform. The company’s team’s key members are its current CEO Mike Meyers, CTO Andrus Steiner, and Business Development Executive Dennis Muller.

Today, the company’s vision is to “democratize the arbitrage space by diverting power away from major financial institutions and placing it back in the hands of ordinary people.”

As a regulated service provider, ArbiSmart users must comply with know-your-customer (KYC) and anti-money laundering (AML) policies. As such, every user must register on the platform using his or her real name, address, jurisdiction, and other required information.

The signup process includes six simple steps:

• Enter your full first name and last name.
• Confirm that you’re not a citizen or resident of the United States.
• Provide your email and phone number. You will need to verify those later.
• Set a secure password.
• Agree to the service’s terms and conditions.
• Affirm that you’re above 18 years old.

The entire verification process can take up to three working days.

Working as a licensed and regulated platform, ArbiSmart has obtained guarantees that:

• It has adequate operational capital at all times.
• The platform adheres to strict AML policies and procedures.
• The service conducts regular internal and external audits.
• It has sound data protection and security measures.
• All ArbiSmart workers and related persons have clean criminal records.
• The product has been verified before obtaining the licenses.

At the time of writing this review, ArbiSmart permits investors from a wide variety of countries. However, when registering on the platform, one must confirm that they are not a citizen or resident of the United States.

The website is available in six languages: English, German, Spanish, Arabic, French, and Turkish.

How Does ArbiSmart Work?

ArbiSmart uses an intelligent automated trading bot programmed to take advantage of price differences occurring on different cryptocurrency exchanges. It scans for arbitrage opportunities across 35 top cryptocurrency exchanges and automatically executes the best possible arbitrage deals. Like crypto markets, the system works 24/7 and uses lightning-fast reactions to the market developments, which are ensured by ArbiSmart’s AI-based algorithmic software. The cutting-edge speed, power, and efficiency of ArbiSmart allow it to executive hundreds of trades across multiple markets in multiple exchanges.

The automated system carries out all the work for you, so as a user, all you need to do is sign up, get verified, and deposit funds (in either fiat or crypto). Once funded, your funds will be converted into the platform’s native RBIS tokens, which will be used to executive arbitrage trades.

All returns are calculated on a monthly and annual basis, and you can withdraw profits at any time, as they are calculated and disbursed daily, at 00:01 UTC.

You can use ArbiSmart’s profit calculator tool to estimate your earnings according to your investment level.

Besides, you can watch live arbitrage opportunities with ArbiSmart’s “Live Arbitrage.” Here, the platform displays all of the exchanges monitored by its tool, and you can observe price differences as they arise.

All in all, ArbiSmart comes with a professionally designed website that makes it easy to monitor and manage your investments with ArbiSmart. Using its “Investment Management” section, you can choose whether you want to put more funds into your savings account, perform internal exchanges, manage Compound Savings Account, or sell your well-earned RBIS tokens for profit.

Besides, the website works well if you open it on your smartphone, be it an Android or iOS device.

ArbiSmart Fees

ArbiSmart does not charge you fees directly but gets an undisclosed amount from the earnings it made using your capital. In general, there are five tiers of customers at ArbiSmart, each of which has three sub-levels.

As you can see, your level at ArbiSmart is determined by the amount of money you’re willing to invest with the platform. Based on your initial investment, commonly cited annual returns generated with ArbiSmart range from 10.8% to 45%.

For example, if you decide to employ EUR 25,000 of your capital, you can expect to make 24% annually, which equals EUR 6,000 in passive income per year, or EUR 500 per month.

When you start with ArbiSmart, you will have to determine how you want to receive your profits. You can choose between a regular EUR account or crypto wallet (BTC/ETH), and they can be withdrawn at any time. Alternatively, you can receive your earnings in RBIS tokens as a long-term savings account option. The RBIS tokens were listed on virtual currency exchanges like HitBTC at the end of 2021.

Asides from regular earnings, ArbiSmart also offers you an opportunity to earn extra commissions via referrals and a bounty program.

Is ArbiSmart safe?

ArbiSmart is a secure platform that is fully regulated in the EU. It means that the platform operators adhere to strict technological safeguards, rigorous data security protocols, and insurance funds to cover all of its operational costs.

To ensure your ArbiSmart account’s security, you can also protect it using a strong password, two-factor authentication via Google Authenticator or SMS, and other security measures.

Last but not least, ArbiSmart also offers unparalleled human support, which is active 24 hours a day via multiple channels, including:

• Website chat
• Email: support@arbismart.com
• Telegram: @arbismart_support
• Facebook: /arbismartplatform
• Twitter: @arbismart
• Instagram: /arbismart

Deposit and Withdrawal Methods

At the time of writing this review, ArbiSmart supports the following deposit methods:

• Swift Bank Transfer
• SEPA Bank Transfer
• Credit cards from Visa and Mastercard
• Bitcoin (BTC) deposit
• Tether (USDT) deposit
• Ethereum (ETH) deposit

The minimum investment amount is at least EUR 500, or it’s equivalent.

Again, you can harvest your arbitrage profits in either fiat currency, cryptocurrencies like bitcoin (BTC) or ether (ETH), or RBIS tokens.

ArbiSmart Review: Conclusion

ArbiSmart is a great investment option for busy investors seeking sources of passive income. The platform guarantees profits over the long-run and does not charge you extra commissions for using the service, meaning that it’s a great deal for people interested in automated crypto arbitrage.

The post ArbiSmart Review appeared first on Cryptonews.

What Is Sorare?

Sorare is an NFT-based fantasy football manager game where you can play, acquire, buy, and sell player cards as an immersive worldwide gaming experience. Here, you can build and manage your dream team and even sell your top players for money – just like in real football. However, it’s not only NFTs that make Sorare a special player-to-earn game.

In other words, Sorare cards aren’t just NFT collectibles on the Ethereum blockchain. Yes, these are cards that have been tokenized and can be traded on Ethereum, but these collectible cards are also used to play Sorare fantasy football. One of the main gripes that people have about NFTs is that many of them have no functionality outside of art or symbolic representation. Those who are more knowledgeable about NFTs know that the technology behind NFTs gives far more weight than mere JPEG pictures.

How To Play Sorare

Sorare in-game mechanics resemble those of other fantasy sports games. However, Sorare takes this tried and true formula and revitalizes it with innovative blockchain technology, thus adding real-world value aspect to the game.

Signing up on Sorare is easy. All you have to do is enter your email, username and password or use Gmail or Facebook to log in. After that, Sorare gives you lots of free collectible cards every step of the way and lets you construct a team with them.

First, you have to construct a team made up of 5 players, consisting of a goalkeeper, defender, midfielder, a forward and another player of your choice: be it a defender, midfielder, or forward. After constructing your team, you choose a captain from your group who might score extra points in every match.

Next, you can use your blockchain-based team to compete in competitions, which can be leagues in Europe, Asia, etc. By selecting a competition you deem worthy of competing you can win prizes, which come in the form of collectible cards and cryptocurrency. 

Your score can potentially reach a maximum of 100 and is based on the player’s real-life performance. Points will be granted from goals, assists, passes, interceptions, and other stats, according to actual football statistics.

Purchased Sorare cards are NFTs that come in different rarities, differing from the white common cards that are readily available. These purchasable NFT rarities come in the form of limited, rare, super rare, and unique. Limited edition cards only come at 1000 per season, rare cards are only minted at 100 per season, super rare cards at 10 per season, and unique cards only 1 per season. Usually, the rarer the card is, the more powerful it makes your fantasy football team.

Cards also have their own XP, which increases the power of your cards through tournament play, and encourages you to use them in order to increase their value. 

This way, the game ensures that you’re not doomed if you only have common cards. While it is easier to win with rarer cards, the right strategy can offset some specific disadvantages. Add this to the fact that Sorare gives you many free common cards to plug into your team if you’re missing a spot and the game becomes fun and accessible to many – unlike regular pay-to-win games. 

Besides, there are special competitions based on your team’s rarity. You need at least 3 limited cards to unlock the higher tier of competition, then 3 rare cards to unlock the next tier, and so on. As such, could choose to match up with players who have comparable rarity to you.

Being on the Ethereum blockchain can be expensive to most users, too, which is why Sorare distributing free cards is a great idea. It gets the ball rolling for players who are just starting out, giving them an opportunity to learn the in-game mechanics before investing money.

Once players are ready to purchase cards, there is a whole marketplace in which you can buy and sell cards on the platform, along with bundles and individual sales. This makes Sorare one of the most intriguing NFT games to date.

Conclusion

Sorare is one of the projects to watch out for at the dawn of the NFT revolution. With NFTs having already penetrated mainstream consciousness, widespread acceptance could be fast approaching. Sorare is ahead of the fantasy sports curve due to its innovative use of NFTs, and it has the potential of becoming an active collectible-based sports game similar to NBA Top Shots.  As such, Sorare is an exciting project that has already taken the crypto world by storm and still has massive potential to grow.

The post Sorare Review appeared first on Cryptonews.

So, is BetOnline the best place to wager in 2024? Find out in our complete BetOnline review.

BetOnline Casino Review Key Takeaways

BetOnline is an online casino and sportsbook that launched in 2001. It’s headquartered in Antigua and Barbuda and licensed in Panama.

BetOnline has offered online betting services to US players for more than 20 years, although as an offshore betting site it’s not licensed to operate in any US state. The platform was also one of the first online gambling sites to accept Bitcoin.

Players will find around 700 casino games and more than 35 sports betting markets at BetOnline. The site also has a racebook for wagering on horse races and hosts live online poker tournaments.

BetOnline General Info

Website

Link

License

Curaçao

Parent Company

Termas del Arapay Management S.A.

Has token

No

Payment Methods

Founded

1991

Software

BetSoft, Rival, BetGames, Nucleus Gaming, Fresh Deck Studios

Minimum Deposit

$10

BetOnline Casino Gallery

BetOnline Casino Bonuses and Promotions

BetOnline offers a range of attractive bonuses to encourage players to join the casino and return for more play. Let’s take a look at all of the bonus offers currently available.

Welcome Bonus

BetOnline offers welcome bonuses for its casino, sportsbook, and poker tournaments.

At the casino, players can earn a 100% deposit match worth up to $1,000 on each of their first three deposits. This BetOnline welcome offer requires a minimum deposit of $25 and comes with a 45x wagering requirement.

At the sportsbook, new players can earn a one-time 50% deposit match bonus up to $1,000. This BetOnline welcome bonus requires a $55 minimum deposit and includes a 10x wagering requirement.

For poker play, players receive a 100% deposit match bonus up to $1,000 along with 8 days’ worth of free tournament entry tickets. The tickets can be used to join entry-level tournaments that, if players win, can qualify them for a seat at BetOnline’s weekly $100,000 tournament.

BetOnline Existing Customer Promotions

Returning players will find a wide range of bonuses at BetOnline. Current offers include:

• 1st time crypto deposit bonus: Earn a 100% deposit match up to $1,000 when a player makes their first crypto deposit ($20 minimum deposit, 14x wagering requirement).
• Bitcoin bull refund: For a limited time, BetOnline is covering all Bitcoin network transaction fees for deposits of $100 or more.
• 25% sports reload bonus: Earn a 25% deposit match up to $250 when making a reload deposit of $100 or more for sports betting (6x wagering requirement)
• 30% crypto reload bonus: Earn a 30% deposit match up to $300 anytime players make a crypto deposit of $50 or more (7x wagering requirement).
• 10% crypto boost: Earn a 10% deposit boost on every crypto deposit with no minimums, no wagering requirement, and no BetOnline bonus code.

VIP and Loyalty

Casino loyalty programs can be very lucrative for players, and BetOnline’s program is no exception.

The BetOnline VIP program rewards loyal players with rebates, extra bonuses, priority payments, exclusive gifts, and more. It’s one of the most transparent VIP programs we’ve seen as well as one of the most generous.

Players are automatically entered into the VIP program at the Bronze level when they join BetOnline. This tier offers casino and racebook rebates, birthday free spins, and monthly reload bonuses.

Players can move up the program’s 7 tiers by betting consistently at BetOnline. The Silver tier requires a lifetime betting volume of $10,000, while the next Gold tier requires $50,000 in lifetime wagers.

BetOnline Casino Promo Codes

Here are the BetOnline bonus codes players need to claim their welcome bonuses and reload bonuses:

• Casino welcome bonus: BETCASINO
• Sports welcome bonus: BET1000
• 1st time crypto deposit bonus: CRYPTO100
• 25% sports reload bonus: LIFEBONUS
• 30% crypto reload bonus: CRYPTO30

What BetOnline Casino Games Are Available?

BetOnline has a wide range of casino games—around 700 in total. While this is far less than some other top crypto casinos, our BetOnline casino review found that the selection comes from widely respected software providers. We didn’t find ourselves lacking for gaming options.

Slots

BetOnline offers more than 620 slot games from providers like BetSoft, Rival, BetGames, Nucleus Gaming, and Fresh Deck Studios.

The slots library isn’t particularly organized—there’s no way to filter by software provider or slots type. In addition, players can’t try out slot games in demo mode before betting on them.

Blackjack

Players will find 22 virtual blackjack tables and 27 live tables at BetOnline. There are many variations available including multi-hand blackjack, European blackjack, super 7 blackjack, and 21 burn blackjack.

Roulette

BetOnline has 15 virtual roulette tables and 15 live dealer tables. Variations include European roulette, double ball roulette, and dragon roulette.

Poker

BetOnline is a leader in online poker play. At the main BetOnline casino, players will find 9 video poker tables for oasis poker, Caribbean poker, 3-card poker, let it ride, and more.

BetOnline hosts daily live poker tournaments that players must buy into to join. There are weekday tournaments with low stakes, nightly progressive tournaments with higher payouts, and Sunday Majors tournaments with prize pools worth up to $100,000. On weekends, new tournaments start every 15-30 minutes, so players have plenty of chances to play.

Live Dealers

BetOnline offers 71 live dealer tables from FreshDeck Studios and Visionary iGaming. Live dealer tables are available 24/7 and include blackjack, roulette, baccarat, Wheel of Fortune, and a lottery game.

There aren’t many live game show games at BetOnline. For example, players won’t find Monopoly, Deal or No Deal, Dreamcatcher, or Candyland.

Other Games

Other BetOnline casino games include craps, keno, dice, and scratch cards. The casino also has specialty video games such as Space Invaders. There are no crash games, like Aviator, available at BetOnline.

BetOnline Casino Sports Betting

BetOnline is one of the largest online sportsbooks available to US players. It offers an enormous range of markets and competitive odds, positioning it to take a major share of the $7.6 billion US sports betting market.

Let’s take a closer look at BetOnline’s sports betting options.

Available Sports and Markets

BetOnline offers betting on all the major US sports leagues along with popular sports like soccer, tennis, golf, rugby, auto racing, UFC, and more. It also carries odds for less common sports markets including:

• Volleyball
• Surfing
• Wrestling
• Biathlon

Bettors can also wager on US politics, entertainment events, and the outcome of the New York Lottery. In total, BetOnline offers more than 35 betting markets.

For esports betting, players at BetOnline can wager on:

• NBA2K
• Mobile Legends
• Counter-Strike
• League of Legends
• Valorant
• Rainbow Six

Players can even place futures wager on esports at BetOnline, which is relatively unusual among the best Bitcoin sports betting sites.

BetOnline has a large racebook where players can wager on horse races around the world. Bets are available on both thoroughbred and harness races.

Most markets are available for live betting. BetOnline updates odds in real time.

Odds

BetOnline offers fairly competitive odds, although they’re rarely the best in the industry. We noticed a slight premium across the board at BetOnline, which makes sense since this is a relatively large and well-established offshore sportsbook. For some less popular sports, BetOnline is the only place players can place bets on upcoming matches.

BetOnline offers a few ways to make sports betting even more interesting. Daily odds boosters offer better-than-average odds for particular wagers across popular sports leagues. The sportsbook displays odds boosts for the upcoming week so bettors can decide what to wager on.

The sportsbook also offers same-game parlays. These are featured parlay bets involving two prop bets from a single match. They typically offer very attractive boosted odds.

Deposits and Withdrawals at BetOnline Casino

In terms of banking, the minimum deposit is $20 for most cryptocurrencies, $25 for a credit/debit card, and $500 for a wire transfer. BetOnline is currently refunding players for Bitcoin network fees, but not for network fees for other blockchains.

Withdrawals are available by any of the same payment methods as the BetOnline deposit options except for credit/debit cards. Players can also request a check by mail.

The minimum withdrawal is $50 for person-to-person transfers, $200 for most cryptocurrencies, and $500 for check or wire transfers. Players can withdraw up to $100,000 in Bitcoin at once or up to $25,000 by wire transfer, so high rollers won’t have any issues getting their winnings back from BetOnline.

Crypto payouts are processed in minutes, while checks and wire transfers can take up to 5 days. Check our fastest payout online casinos list to find super fast fiat withdrawal casinos.

Payment Methods

BetOnline accepts a wide range of fiat and crypto deposit methods. Players can make a fiat deposit with a credit or debit card, person-to-person money transfer, money order, or wire transfer.

Crypto deposits are accepted for the following tokens: BTC, AVAX, BNB, BCH, ADA, DOGE, ETH, LTC, MATIC, XRP, SHIB, SOL, XLM, USDT, TRX, and USDC.

Interface and User Experience at BetOnline Casino

BetOnline offers an outstanding user experience. The platform is easy to navigate and offers well-organized menus to help players explore all the different betting options. The casino and sportsbook can be accessed from the same site, but are clearly separated so that the betting options are clear.

For poker play, BetOnline offers both a web platform and a downloadable desktop app for Windows and Mac. The tournament schedule is clear and easy to browse, although it would be nice if the site offered more information about the limits, capacity, and approximate duration of each tournament.

One of the few shortcomings we found with BetOnline’s player experience was in the casino. There are menus for different types of BetOnline games, like slots, blackjack, table games, and live dealer games. However, there’s no way to sort games by software provider or popularity. This makes it somewhat challenging to find slot games.

At the sportsbook, BetOnline ensures the bet slip is never more than a click away. Players can watch live streams of most esport matches and a virtual display that shows how other types of sports matches are unfolding.

The site is about to launch a new version of its sportsbook, which looks similar to the existing version but with a modern flair. The most noticeable upgrade is that players can always keep an eye on live matches as they browse other odds available at BetOnline.

BetOnline Mobile App

BetOnline doesn’t offer a casino mobile app for iOS or Android devices. However, players on the go can still access BetOnline using their smartphone’s browser.

The gambling platform is optimized for mobile, so players can access all of the features they’d find when using BetOnline on a computer. They can make deposits and withdrawals, play casino games, bet on sports, join poker tournaments, and more.

Overall, we found BetOnline’s mobile experience to be quite good even without a dedicated app.

BetOnline Casino Regulation and Safety

BetOnline has been offering online gambling for more than 20 years. It’s licensed in Panama, which has tight rules to ensure player safety. BetOnline has long catered to US players without any major incidents, despite the fact that the site is not licensed in any US state.

BetOnline reviews by current and past players are generally very positive. The gambling site has a 3.6-star rating on Trustpilot after more than 4,000 reviews, which is very good compared to other online betting sites.

BetOnline uses SSL encryption to protect players on its site. Players’ funds are kept in segregated accounts, ensuring that BetOnline never mixes customers’ funds with its own operating funds.

This site follows anti-money laundering rules and requires Know Your Customer (KYC) checks for all new players. This means BetOnline collects personal information and that it’s not possible to bet fully anonymously, even when using cryptocurrency. However, BetOnline has a strong and transparent privacy policy available on its site.

BetOnline Casino Verdict

Our BetOnline review found that this casino and sportsbook is an excellent place to bet. It offers a wide range of casino games, an even more impressive range of sports betting markets, and daily live poker tournaments open to anyone. On top of that, BetOnline is trustworthy thanks to its 20+ year history and licensing in Panama.

New players at BetOnline can claim a $1,000 casino welcome bonus and another $1,000 sports welcome bonus. Join today with promo codes BETCASINO and BET1000.

FAQs

Is BetOnline legit?

BetOnline is an online casino and sportsbook licensed in Panama. It has been operating for more than 20 years and offers games from respected casino software studios.

What game can you play at BetOnline?

BetOnline offers more than 700 casino games, including slots, blackjack, and roulette, and 35 sports markets, including horse racing and esports. Players can also join live poker tournaments daily.

What is the BetOnline welcome bonus?

BetOnline offers a 100% deposit match up to $1,000 on each of a player’s first 3 deposits at the casino. Players also receive a 50% deposit match up to $1,000 on their first deposit at the BetOnline sportsbook.

References

• Online sports betting in the United States (Statista)
• Internet Gaming in Panama (Pardini Law)
• BetOnline TrustPilot (TrustPilot)

The post BetOnline Casino appeared first on Cryptonews.

This Bovada Casino review reveals everything you need to know. We discuss safety, payments, bonuses, promotions, customer support, available games, betting markets, and more.

Bovada Casino Review Key Takeaways

Bovada is an online gambling site that was launched in 2011. It’s based in Costa Rica, meaning it’s an offshore casino. This enables Bovada to accept players from the US, with the exception of Delaware, Maryland, Nevada, New Jersey, and New York. Bovada is also available in other countries.

Bovada offers a wide range of casino games. This includes table games like roulette, blackjack, and baccarat. There’s also an extensive selection of slots, video poker games, and live dealer tables. Bovada is also a popular sportsbook. It covers pre-match and in-play odds on dozens of sports, including football, tennis, basketball, and baseball.

Bovada also offers live poker rooms and a fully-fledged horse racing book. Our Bovada Casino review found that the platform is popular with bonus hunters. It offers several welcome packages across its main gambling products, plus occasional promotions for existing players.

In terms of payments, deposit methods include debit/credit cards from Visa and MasterCard. It’s also considered one of the best Bitcoin casinos, with various cryptocurrencies accepted. Although Bovada is based in Costa Rica, it’s authorized and regulated by the Governor of Curaçao. Its Curaçao e-gaming license is held by Bovada’s parent company, Harp Media B.V.

Bovada General Info

Website

Link

License

Curaçao

Parent Company

Harp Media B.V.

Has token

No

Payment Methods

Founded

2011

Software

RealTime Gaming, Betsoft, Rival Gaming, Visionary iGaming, Makitone Gaming

Minimum Deposit

$5

Bovada Casino Gallery

Bovada Bonuses and Promotions

This section reveals each bonus and promotion currently available to Bovada players.

Welcome Bonus

Bovada offers welcome bonuses across its three main gambling categories; casino, sportsbook, and poker. Let’s break down each bonus type in more detail.

Casino Bonus

New players at Bovada will receive three casino deposit bonuses. However, the bonus amount depends on the deposit currency.

For example:

• If you’re looking to deposit USD, you’ll get a 100% matched deposit bonus of up to $1,000. This can be claimed three times, valuing the bonus at $3,000.
• If you deposit with cryptocurrencies like Bitcoin or Ethereum, you’ll get a larger welcome bonus. Each cryptocurrency deposit will be matched by 125% up to $1,250. This values the welcome bonus at $3,750.

Irrespective of whether you’re depositing USD or cryptocurrencies, you’ll need to enter a promo code. You’ll find these further down in this Bovada casino review.

Now for the important terms and conditions.

First and foremost, if you’re depositing USD, you’ll need to meet wagering requirements of 25x. This is based on the deposit and bonus amounts.

• Suppose your first deposit is $500
• Bovada matches it by 100%, so you’ll receive an extra $500
• Your deposit and bonus amounts total $1,000
• At 25x, this means you’ll need to wager at least $25,000 before you can withdraw the bonus funds

If you’re depositing cryptocurrencies, the wagering terms are slightly different. The first matched deposit comes with wagering requirements of 25x. Similar to the USD terms, this is based on the deposit and bonus amounts.

However, the second and third deposits need to be wagered at 50x.

• Suppose your second cryptocurrency deposit is valued at $500
• Bovada matches it by 125%, so you’ll receive an extra $625
• Your deposit and bonus amounts total $1,125
• At 50x, this means you’ll need to wager at least $56,250 before you can withdraw the bonus funds

So, while the cryptocurrency bonus is larger, the wagering requirements are less favorable. Another thing to note is that craps and live dealer games do not count toward the wagering target. What’s more, while slots contribute 100%, other games contribute less. Bovada doesn’t provide a bonus time limit within its terms and conditions.

Sportsbook Bonus

Bovada also offers a generous sportsbook bonus. Similar to the casino bonus, the amount you receive depends on the deposit currency.

• If you’re depositing USD, you’ll get a 50% sportsbook bonus of up to $250.
• If you’re depositing cryptocurrencies, you’ll get a 75% sportsbook bonus up to $750.

The key terms and conditions are similar across both bonuses. The wagering requirements are 5x when betting on sports or horse racing. However, this is based on the deposit and bonus amounts.

• Suppose you deposit $200 into the Bovada sportsbook
• You use USD, so Bovada matches it by 50%
• This gets you an extra $100
• Your sportsbook balance is now $300
• At 5x, you’d need to wager $1,500 before you can make a withdrawal

The sportsbook wagering terms are a lot more favorable than the casino bonus. What’s more, the terms state that “You may use your bonus on any sport, wager type, and odds.” This means you can bet on sports markets with low odds, giving yourself a greater chance of meeting the wagering requirements.

Poker Bonus

Bovada also offers a welcome package for first-time poker players. Unlike the casino and sportsbook bonuses, only USD payments qualify for the bonus.

• You’ll get a 100% matched deposit bonus of up to $500
• You’ll need to download the Bovada poker software to activate the bonus
• To convert the bonus funds to withdrawable cash, you’ll need to earn Reward Points
• $5 is released for 150 Reward Points earned
• You’ll earn Rewards Points every time you place a bet

There are no wagering requirements on released bonus funds.

Existing Customer Promotions

Although Bovada offers generous welcome bonuses for new players, there’s a limited number of promotions for existing accounts.

This includes the Free Spin Bonanza bonus, which offers 500,000 weekly free spins. The maximum prize per player is just 20 free spins. However, there will be 25,000 winners every week. To enter, simply deposit at least $10. In the same week, you’ll also need to wager at least $20 on any casino game.

The only other bonus available to existing players is the Parlay Booster. Put simply, this gives you enhanced odds on selected parlay bets. You’ll also earn Reward Points, which get you access to the weekly Parlay Booster draw. However, the draw only allows you to earn additional Reward Points.

VIP and Loyalty

Bovada offers a popular loyalty program that centers on Reward Points. You’ll earn Reward Points every time you place bets. However, the specific Reward Points earned per $1 depends on the gambling product. For example, you’ll get 40 Reward Points per $1 wagered on horse racing.

This increases to 60 Reward Points when betting on exotics and multiples. However, you’ll earn just 1 Reward Point when playing table games like roulette and blackjack. Slots are slightly better, with 3 Reward Points earned for every $1 wagered. You can also earn up to 15 Reward Points per $1 when playing live poker.

• As you accumulate more Reward Points, you’ll move up the loyalty ladder.
• There are six tiers, ranging from Starter to Hall of Fame. Some tiers have three levels.
• As you increase your tier, you’ll get more USD for your Reward Points.
• For example, the Starter tier requires 2,500 Reward Points for every $1 paid in cashback.
• You’ll only need 1,000 to earn $1 when you reach the Hall of Fame tier.

Ultimately, if you’re a seasoned player who gambles regularly, it makes sense to join the Bovada VIP program.

Bovada Promo Codes

The Bovada welcome bonuses all require promo codes. You’ll need to enter them before claiming a bonus.

Bovada Casino bonus codes can be found in the table below:

What Bovada Casino Games Are Available?

Now that we’ve covered bonuses, this part of our Bovada Casino review will explore what games are supported.

Slots

Bovada lists hundreds of slot games. The slots department is split between progressives, bonus buys, and ‘Hot Drop’ jackpots.

If you like playing slots with huge and fast casino payouts, Bovada has plenty of options. This includes 10 Times Vegas, currently paying $82,000. There’s also Deluxe 777, which has a jackpot of $29,000. That said, the Shopping Spree slot game is currently offering the largest jackpot at over $2.16 million.

However, we found that the Bovada slots department could be improved. For a start, it doesn’t enable players to filter slot games by the software provider. This is a feature offered by most online casinos. In addition, there isn’t a search bar. This means you need to manually browse each slot to find your preferred title.

Blackjack

Bovada offers 10 software-based blackjack games. This includes Classic, European, Single Deck, Double Deck, and Perfect Pairs.

Roulette

Bovada offers just five software-based roulette variations. This includes American, European, and Zoom roulette.

Video Poker

We found 10 video poker games when reviewing Bovada. This includes popular versions like Jacks or Better, Joker Poker 10, Aces and Faces, and Deuces Wild.

Live Dealers

Bovada also offers dozens of live casino tables. This enables you to play popular table games with human dealers. This includes 34 blackjack tables. Casual players can play from just $5 per hand. High rollers will find maximum table limits of $50,000 per hand.

Bovada also offers dozens of live casino tables. This enables you to play popular table games with human dealers. This includes 34 blackjack tables. Casual players can play from just $5 per hand. High rollers will find maximum table limits of $50,000 per hand.

There are also five roulette tables, covering both the American and European versions. We’d suggest opting for the European version, as the house edge is lower. In addition, Bovada offers two Baccarat tables and two Super 6 games.

Poker

Bovada is also a popular option for online poker players. Consider downloading the Bovada poker suite for desktops. This offers the best gaming experience. The desktop software is available for Windows and Mac. Bovada also offers a native mobile app for iOS and Android. This can only be used to play poker and not casino games or sports betting.

We found that Bovada supports the three most popular poker models:

• Cash Tables
• Tournaments
• Sit-and-Go

Each poker model comes with various minimum buy-ins, ensuring that players of all budgets are catered for. Bovada also offers anonymous poker tables. This allows players to hide their poker history from others.

Other Games

Other Bovada casino games include:

• Craps
• Specialty Games
• Scratchcards
• Keno
• Bingo

Bovada Sports Betting

Bovada offers one of the best sportsbooks in the market. Read on to find out why.

Available Sports and Markets

The Bovada sportsbook covers over 30 sports. This includes the most popular US sports, such as baseball, football, and basketball.

You’ll also find betting markets for soccer, tennis, cricket, and MMA. Less popular sports are also available, such as chess, badminton, and darts.

We found that Bovada also offers esports betting markets. Supported games include Rainbow Six, Call of Duty, Valorant, and King of Glory.

Furthermore, Bovada offers dozens of betting markets for each sporting event. For instance, there are 57 different available betting options on the upcoming Houston Texans vs Baltimore Ravens game.

This includes multiple spreads, totals, and the win-win market. You can also place half-time and quarterly bets, not to mention margins and point ranges.

What’s more, most sporting events are available pre-match and in-play. This ensures you can still place bets while your chosen game is being played.

Bovada also offers a fully-fledged horse racing book. Not only does this cover all US-based tracks but overseas markets too. This includes races in the UK, Ireland, and Australia. bets include the win, place, and show. Multiples are also supported.

Odds

Bovada offers some of the most competitive odds in the market – especially on major US sporting franchises like the NBA, MLB, and NFL. However, less popular sporting events like chess and badminton can be less competitive.

Deposits and Withdrawals at Bovada

Understanding how payments work is crucial before signing up with Bovada. Not only in terms of deposit and withdrawal methods but limits and payout speeds.

Let’s start with the deposit process.

Deposit Options

Bovada is one of the best credit cards casinos. Visa and MasterCard are supported but not American Express casino deposits or Discover. The minimum and maximum deposit amounts when using debit/credit cards are $20 and $1,500, respectively.

You can also make a direct bank transfer in USD. The minimum is just $50. However, bank transfers are capped at $450. If you want higher limits, Bovada also accepts some of the best cryptocurrencies. This includes Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Tether. The maximum deposit limit on these cryptocurrencies is $5,000.

In terms of deposit speeds, debit/credit cards are usually processed instantly. Cryptocurrency deposits take up to 15 minutes to appear. Bank wires can take several days.

Our Bovada Casino review found that deposit fees can also apply. Although the first deposit/credit card payment is free, you’ll be charged at least 15.9%. In contrast, Bovada doesn’t charge deposit fees when funding the account with cryptocurrencies.

Withdrawal Options

Not all deposit methods can be used to make withdrawals from Bovada. For example, while you can deposit funds with a debit/credit card, you’ll need to withdraw funds to another payment type.

This includes bank wires, check by courier, and cryptocurrencies. Bovada also stipulates withdrawal terms, including minimums and maximums.

• For example, the minimum bank wire withdrawal is $1,500. The maximum is $9,500 every 30 days. Bank wire withdrawals take 10-15 days on average.
• Cryptocurrencies come with a minimum withdrawal of just $10. Although the maximum withdrawal is $9,500, you can make another withdrawal 15 minutes later.
• The maximum weekly withdrawal limit for cryptocurrencies is $180,000 using Litecoin. This is reduced to $90,000 when withdrawing Bitcoin. Some cryptocurrencies are capped at just $2,500 per week.

Payment Methods

Here is a breakdown of the various payment methods offered at Bovada.

Interface and User Experience at Bovada

In general, Bovada offers a great user experience. The sign-up process is fast and straightforward. Simply enter some personal information and contact details to process. Depositing funds is also seamless. We like that the Bovada website is split between the main gambling categories; Sports, Casimo, Live Dealer, Poker, and Horses.

After clicking on your preferred category, you’ll have access to a user-friendly dashboard with additional filters. For example, clicking on ‘Casino’ allows you to choose from slots, blackjack, and roulette. The sportsbook also offers a great user experience. You can find betting markets by choosing your preferred sport or franchise.

You can also click on the ‘Live’ button to see which sporting events are currently being played. That said, the drawback is that Bovada doesn’t offer a search box. This makes it slightly cumbersome to find specific games. For instance, you can’t search for a slot title.

Bovada Mobile App

Bovada offers a native mobile app for iOS and Android. However, the app can only be used for playing poker. You can also play poker via desktop software for Windows and Mac.

If you want to play casino games or bet on sports, you can still use your cell phone. Simply visit the Bovada website from a mobile browser and log into your account. The user experience is still solid, as Bovada has optimized its website for smartphones.

Bovada Regulation and Safety

Considered one of the best offshore casinos for US players, Bovada is an established gambling site that was founded in 2011. Although Bovada is based in Costa Rica, it’s regulated by the Governor of Curaçao. Licensing is secured by Bovada’s parent company, Harp Media B.V.

With over a decade in the online gambling space, Bovada has a solid reputation with players. That said, we found that some players complain about slow withdrawal times when using a bank wire. However, Bovada is clear about withdrawal times, which average 10-15 days. The solution is to withdraw cryptocurrencies, which takes between 1 and 24 hours.

Bovada also offers secure payments. Its website is secured by Secure Socket Layer (SSL) technology, meaning that your payment details are encrypted. Bovada also complies with anti-money laundering regulations. This means players must upload KYC verification documents before withdrawals are permitted.

It’s also worth visiting the /Bovada Reddit group, which is home to over 14,000 members. This will give you insight into Bovada Casino reviews from other players.

Bovada Casino Verdict

In summary, Bovada is one of the best and safest online casinos and sportsbooks for US players. Established in 2011, it offers everything from slots and table games to live dealers and video poker. Not to mention fully-fledged poker rooms.

Although some payment methods come with slow withdrawal times, cryptocurrency payouts are usually approved in under 24 hours. What’s more, new players can claim multiple welcome packages and minimum deposits start from just $5.

FAQs

Is Bovada Casino trustworthy?

Yes, Bovada is considered a trustworthy casino site. Launched in 2011, Bovada is authorized and regulated by the Governor of Curaçao.

Does Bovada Casino pay out?

Yes, Bovada payouts are made via bank wires, cryptocurrencies, and check by courier. Withdrawal times vary depending on the chosen payment method.

What is the Bovada Casino welcome offer?

Bovada offers three matched deposit bonuses for first-time casino players. It also offers a matched deposit bonus in the sportsbook and poker departments.

What are the pros and cons of Bovada?

Bovada’s pros include an established and regulated platform, a wide range of gambling products, and top-notch customer support. The cons of Bovada include slow bank wire withdrawals and a mobile app that only supports poker games.

References

• Curacao Regulations (Curacao eGaming)
• Rival Powered Games (Rival Gaming)
• Governor’s Office of Curacao (Curacao Government)
• FINRA Rules (FINRA)

The post Bovada Casino appeared first on Cryptonews.

If you want to keep your cryptocurrency secure, a crypto hardware wallet is a way to go. But which one should you choose? In this article, we review Trezor Model T – one of the most advanced multi-currency hardware wallets out there.

Trezor Model T: Key Features

Trezor Model T is an advanced hardware wallet for true cryptocurrency holders and enthusiasts. Released in February 2018, Model T is the next-generation device that:

Supports more than 1650 coins and tokens. Store Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), various stablecoins, tokens, and other crypto assets. The complete list of Model T supported cryptocurrencies can be found here.
Advanced security measures. Put your assets in secure cold storage and back up your seed phrase with advanced security measures like Shamir backup.
Improved usability thanks to the integrated touchscreen. Unlike its predecessor, Trezor One, the Model T comes with a touchscreen, making it more convenient to interact with the device and its security features.
Mobile connectivity. Make payments with your phone by plugging-in the device to your phone via WebUSB.
Extra features for power users. Tech enthusiasts can get the most out of Trezor Model T by making use of its additional features like passwordless login, self-destruct PINs, universal 2nd-factor authentication (U2F), SSH login, GPG, and much more.

Overall, Trezor Model T is a top-notch device for the security of your crypto assets. Whether you’re a newbie or a pro, using Trezor is a smooth and wholesome experience.

What Is Trezor?

Trezor is a cryptocurrency hardware wallet brand by crypto-security firm SatoshiLabs. Established in 2013, SatoshiLabs has released two Trezor products to this day – Trezor One and Trezor Model T hardware wallets. The company is based in the Czech Republic, which is where it manufactures Trezor devices.

Aside from Trezor, other projects by Satoshi Labs include:

• Tropic Square: Open-source, transparent and secure chip solutions.
• Invity: a cryptocurrency rate comparison tool.
• Blockbook: an open-source blockchain indexer.

Perhaps the most important project of the above is the ‘Tropic Square’ initiative, which produces Trezor’s open-source element chip. Other popular crypto hardware wallet developers tend to use a closed-source secure chip, which means you have to trust the hardware manufacturer not to introduce back doors and other third-party-related security risks.

Today, Satoshi Labs remain one of the most reputable cryptocurrency hardware wallet developers. It has not experienced any large-scale hacks nor scandals, so its devices remain one of the safest options on the market to this day.

What’s In The Box?

A standard package of Trezor Model T wallet contains the following items:

• Welcome leaflet
• USB-C to USB 2.0 cable
• Two paper recovery seed cards
• Trezor stickers
• Magnetic dock

Additional Trezor Model T accessories like recovery seed plates, extended cables, or leather cases can be purchased at the Trezor shop.

Trezor Model T Design and Usability

Trezor Model T has a nice feeling to it – it is lightweight and easily portable yet durable. Unlike Trezor One, it has a touchscreen interface, which not only makes it look better than its predecessor but also makes it easier to navigate.

As a user-friendly device, Trezor Model T is used together with Trezor Suite, which can be downloaded here. The software stack makes it easier to interact with the device, while simultaneously protecting your private keys from exposure to the internet.

Trezor Model T Security

Cryptocurrencies are much different from traditional bank accounts, which are protected by passwords and other authentication techniques. Storing digital assets in your private wallet used to be no easy feat, but hardware devices like Trezor make it significantly simpler. So how does Trezor Model T secures your funds?

First and foremost, the device is used to store your private wallet keys, which are the only proof that your cryptocurrency holdings belong to you. Trezor allows you to sign cryptocurrency transactions without exposing your private key to external devices, making it a highly secure option for every crypto holder.

The device is equipped with a 168MHz AMR processor (Cortex-M4) and runs Trezor Core, a custom-developed system. All Trezor hardware and software is open-source, which makes Trezor one of the most transparent hardware wallet providers. Notably, Trezor Model T does not have a closed-source secure element and instead encrypts all data using a passphrase.

When it comes to supply chain attacks, it is good to know that all Trezor devices are manufactured and packaged in the Czech Republic. The company ships devices worldwide using its network of trusted supplies and Amazon. To further defend its devices from potential supply chain attacks, Trezor Model T is kept in a separate container and tamper-evident box sealed with a holographic sticker.

If any of the package’s components appear to be damaged, counterfeit, or tampered with, be sure to check if the device has already been set up or run the bootloader to check for a valid firmware signature. If a device from an official seller appears to be compromised, you contact Trezor and receive a replacement device.

Make sure to acquire the device either from Trezor’s webstore or via one of its official resellers. Trezor cannot guarantee the security and genuineness of devices that we’re purchased from unofficial third-parties.

A complete overview of the Trezor security scheme, as well as its open-source code, can be found here.

Recovery Seed

When setting up a Trezor device, you will be asked to generate a recovery seed, which is a secure, human-readable sequence of 12 or 24 words from a BIP39 word list. You will need it to restore your wallet if your Trezor device breaks down, is stolen, or you lose access to it. It is by far the most critical part of your security setup, so make sure to back it up safely and securely, where it will be outside the reach of potentially malicious actors like hackers or robbers.

It is not recommended to store your recovery seed online, and ideally, you should never enter it into any other device except your Trezor during the wallet recovery process.

Generating a BIP39 word list using a Trezor wallet means that you generate it completely offline, where no one else can access it. Statistically, it is impossible to brute force or guess it in any other way, so it remains secure as long as it hasn’t been copied or exposed to a digital network.

In case you’re wondering what’s the best way to secure your recovery seed, check out our CRYPTOTAG seed recovery plate review.

Alternatively, Trezor Model T is the only device on the market that lets you generate a split-recovery seed using a Shamir backup method.

Shamir Backup

Unlike other cryptocurrency hardware wallets, Trezor Model T also lets you back up your device’s recovery seed by splitting it into multiple unique shares. To recover the wallet, only a designated number of seed shares has to be collected and used – this is called a Shamir backup method, named after cryptographer Adi Shamir, the author of Shamir’s Secret Sharing algorithm.

In more practical terms, instead of generating a single BIP-39 seed phrase of 12, 18, or 24 words, you can generate up to 16 recovery shares consisting of between 20 and 33 words and set a minimum threshold of how many recovery sheets will be needed to recover the wallet. The minimum threshold for a full wallet recovery is at least two recovery shares.

Each share can be held in different places with different people and constitutes a truly decentralized security setup. As such, even if you lose a certain amount of shares, you will still be able to recover your cryptocurrency funds without an issue.

The most common Shamir backup setups use either 2-of-3 or 3-of-5 shares, but you can adjust it to your own individual needs as it is highly customizable.

Trezor PIN code

Trezor Model T lets you secure your crypto assets by setting up a unique PIN code meant to secure your device while it is in use. It is a sequence of numbers that you will need to enter into the device every time you’re connecting it to an external device in order to make transactions or generate new wallet addresses.

Unlike its predecessor, Trezor One, Model T allows you to enter your pin directly into the device using its touchscreen instead of typing the numbers on a randomized keypad generator on an external monitor, which makes using it smoother and more convenient.

Passphrase

Finally, it is recommended that you set up a passphrase in addition to your PIN code. It is an advanced security feature that can be used to protect your accounts against sophisticated physical attacks on your device.

Think of a passphrase as a way to extend your recovery seed. It consists of up to 50 case-sensitive characters and is chosen by you. Unlike entering a PIN, entering a wrong passphrase will generate you a completely new ‘empty’ wallet, meaning that it is impossible to access your funds without a correct passphrase. You can also use several passphrases to set up a ‘decoy’ wallet in case of a successful physical attack.

Trezor Model T: Supported Coins

Trezor Model T is a multi-currency crypto wallet, meaning that it supports bitcoin and more than 1650 altcoins. A complete list of supported coins can be found here.

Trezor Model T vs Trezor One

Trezor Model T is a second-generation Trezor hardware wallet released on February 26, 2018. Its predecessor, Trezor One, has passed the test of time and can be considered as a reliable budget alternative to Trezor Model T.

Here’s how the two devices match up to each other:

One important difference between Trezor One and Model T is that Trezor One does not yet support the wallets of following altcoins supported by Model T:

• Cardano (ADA)
• Ripple (XRP)
• EOS (EOS)
• Monero (XMR)
• Tezos (XTZ)
• Ontology (ONT)

How to Set Up Trezor Model T?

In order to set up Trezor Model T, follow these steps:

1. Examine the tamper seal to see if your package hasn’t been opened during the delivery process.
2. Unbox the package and connect your Trezor to the device.
3. Download and install the Trezor Suite.
4. Click the “Create a new wallet’’ button. The device will ask you to check if the wallet has been used before, so make sure you hit ‘Check Trezor’ to see if anyone interacted with the device before.
5. Install the latest firmware on your Trezor.
6. Choose your preferred backup method. You can choose between a standard seed and an advanced seed, which means using a Shamir backup method we described earlier.
7. Follow on-screen instructions to create a wallet.
8. Back up your seed phrase in a secure, offline location
9. Create a PIN code for your Trezor Model T.

Congratulations! Now you can use your device for receiving, storing, and sending your crypto assets in a highly secure manner.

Still confused? Here is a detailed video tutorial by well-known Bitcoiner BTC Sessions that you can follow along.

Trezor for Power Users

Asides from storing your crypto assets, Trezor power users can use Model T for the following tasks:

• Trezor Password Manager
• Passwordless login (FIDO2)
• Wipe code (self-destruct PIN)
• Encrypting the PIN with MicroSD card
• Two-factor authentication with U2F
• SSH login
• GPG
• Running your own Trezor wallet
• Running your own Trezor backend
• …and more cool custom things.

Better safe than sorry. If you’re going to store large amounts of value on your Trezor Model T, it is not recommended to use it as your password manager. Though this is feasible, it is not the most optimal strategy for one’s security setup.

Conclusion

Trezor Model T is an advanced cryptocurrency hardware wallet with improved usability and design. Produced by a top-notch security specialist, Satoshi Labs, it combines a variety of security features that empower you to create bulletproof security set up for your cryptocurrency holdings. As such, Model T by Trezor is the most advanced multi-currency wallet in the market.

The post Trezor Model T Wallet appeared first on Cryptonews.

If you’re looking for a crypto hardware wallet designed for Ethereum, ERC-20 tokens, and all sorts of NFTs, Keycard might be the right option for you. Designed to be used together with a Status app, it provides you with a higher level of security and ownership of your transactions and private keys. It can also be used as a two-factor authentication (2FA) key in the Status app to protect your personal account. This review examines the Keycard wallet, its usage, security, features, and more.

Keycard wallet is one of the best options for DeFi enthusiasts. Key features of the wallet include:

• Status app integration. When used with the Status app, Keycard delivers a seamless user experience unmatched by other hardware wallets. Besides, you can browse top Ethereum dapps, play games, send private messages, and make or receive payments directly from and to your Status wallet.
• Compatibility with all major cryptocurrencies. If you’re a developer, you integrate Keycard into other wallets or products using its Open API.
• Contactless transaction verification using NFC. Keycard enables you to carry your cryptocurrencies on your phone as it turns it into a reliable cold wallet. If you need to spend your coins, all you need to do is initiate a transaction and confirm it with your Keycard.
• Can be integrated with a Desktop Wallet. If you have a USB-contact reader, you can integrate Keycard and use it with a desktop application.
• Tap-To-Launch feature. Keycard can be set to launch a designated app or URL by simply touching it to your NFC reader.
• Familiar design. Unlike clunky hardware wallets, Keycard can fit into your physical wallet and be used on-the-go as it has a size of a standard Visa card.

When used with the Status app, Keycard does not support non-ethereum tokens, which means that you cannot store tokens like Bitcoin or Litecoin on it. However, it supports all ERC-20 tokens, and you can still store bitcoin on it by exchanging your BTC to ERC-20 compliant Wrapped Bitcoin (WBTC).

Nevertheless, more technically adept developers can integrate Keycard with their own products using the Open Source Keycard API and use it to store any other cryptocurrencies that use secp256k1 ecdsa signatures, which includes Bitcoin (BTC), Litecoin (LTC), XRP, Bitcoin Cash (BCH), and other crypto assets.

The Keycard wallet is a secure, open-source, contactless hardware wallet with open API, built as a part of the Status Network.

At the moment, Keycard can be used as a hardware wallet only, but its roadmap includes introducing physical payments with Keycard, where your phone acts as a universal digital wallet.

Currently, Keycard costs only EUR 29 or its equivalent, and can be purchased via this link.

How to Use Keycard

Setting up a Keycard wallet is relatively simple. Unlike its competitors Ledger or Trezor, Keycard was designed to be a mobile-first hardware wallet from the get-go.

Setting up a Keycard goes like this:

1. Download the Status app from the Google Play Store or App Store and follow on-screen instructions.
2. Open the app, tap your card to your phone’s NFC reader, and set up your Status account and wallet. Make sure that your phone’s NFC sensor is on.
3. Write down your recovery seed and passphrase and keep it in a safe place. The best practice is to keep your seed engraved on a durable material such as a metal plate like CRYPTOTAG; however, a simple sheet of paper may do it temporarily, too.
4. IMPORTANT: During the process, the Status app will also ask you to write down a pairing code and PUK. Much like your mnemonic (seed) phrase, it will not be presented to you again, so make sure to keep them secure if you ever forget your PIN code or want to use Keycard on another phone. It is possible to use one Keycard on several phones simultaneously, and one pairing code lets you set up up to 5 concurrent secure channels.

Here you have it! Your own Ethereum hardware wallet. The process of onboarding is an easy, clear, and smooth experience, so all you need to do is follow instructions received in the Keycard package and on-screen in the Status app. In fact, it’s so smooth that even your grandma could probably do it.

The Status App

At pixel time, Keycard can be used with the Status app, which is available on Android only. Nevertheless, the team is working on an iOS version, too.

Status is an Ethereum messaging app and web 3.0 browser startup that lets you explore other dapps and communicate with like-minded people privately using Ethereum blockchain. Besides, the app makes it easy to make crypto payments and browse your wallets, and Keycard lets you make contactless payments wherever you have your phone.

Keycard Security

Keycard wallet is entirely open-source and you can find its Github repository here. Technically speaking, it provides a hardware implementation of the BIP-32 HD wallet to support key generation, derivation and signing and exporting EIP-1581 keys.

The Status wallet is a non-custodial service, which has been audited by a third-party security firm, so you can recover your account with your seed backup even when you lose your mobile device.

The Keycard’s security is based on the applet software used on the card, which has been audited by a third-party security auditing firm, too. In more technical terms, Keycard is a SE secure element with a high degree of hardware protection and has passed CC EAL5+ formal testing.

If you have any further questions or want to contact the wallet’s developers, you can do so in its official communication channel here or in the official Discord channel.

Keycard Review: Conclusion

The Keycard hardware wallet is one of the cheapest and user-friendly crypto hardware wallet options on the market today. It can support many crypto assets, make it easy to interact with dapps, and most importantly, provide secure private keys storage in an offline environment. These unique qualities make Keycard a must-have for every Ethereum and DeFi enthusiast.

The post Keycard Wallet appeared first on Cryptonews.

Cryptotag Odin is the latest crypto wallet recovery seed backup toolkit dedicated to Shamir backup (SLIP39) users. It lets you split your wallet recovery seed into multiple distributed shares and store them on secure, immutable, and damage-proof titanium hexagons. Although most crypto wallets do not yet support the SLIP39 standard, it is an excellent option for Trezor Model T users as it is the first major wallet to support and popularize it.

Likewise, Cryptotag is the first recovery seed product designer to offer a dedicated product for Shamir backups. As such, Cryptotag Odin is a must-have for everyone who finds the Shamir backup scheme valuable and essential for their crypto security.

Cryptotag Odin Review: Pros and Cons

Cryptotag Odin is a premium wallet backup toolkit designed for wallets that use the Shamir Secret Sharing (SLIP39) seed recovery scheme. Although not as popular as the standard BIP39 recovery seed used by most wallets, SLIP39 lets you eliminate a single point of failure in your seed recovery process, and Cryptotag Odin is the tool that will keep your recovery sheets readable and intact even in the harshest physical conditions.

Some of the key advantages of Cryptotag Odin include:

• Extra security. If you find yourself thinking about how to improve your crypto security setup, adding an extra wallet or moving entirely to a Shamir backup scheme might be a great option. Add titanium hexagons into the mix, and you might finally grant yourself complete peace of mind.
   
• Extreme durability. Much like its predecessors, Cryptotag Thor and Cryptotag Zeus kits, Odin’s hexagons are made of high-grade titanium that is resistant to heat, water, and physical damage. It will make your Shamir backup shares capable of surviving even the most challenging physical conditions for lengthy periods.
   
• Easy to set up. Odin uses a familiar setup process adapted for SLIP39 seeds. You’ll still have to sweat to punch holes into titanium, but the Cryptotag team made this process easier than it sounds. The duration of the setup procedure also depends on the number of secret shares in your Shamir setup.
   
• Quick delivery. Cryptotag team pays special attention to its service design, which includes fast delivery service to most corners of the world. You can expect your package to arrive within 1 to 3 days after placing your order. More specific delivery times can be found here.

When it comes to the drawbacks of Odin, this is what comes to mind:

• Most major wallets do not yet support SLIP39. While Cryptotag Odin is designed explicitly with the Trezor Model T hardware wallet in mind, it is also compatible with other SLIP39 supporting wallets. Cryptotag also has Zeus and Thor backup options for most if not all BIP39-based wallets.
   
• Each Odin hexagon is limited to 20 words. While some of the Shamir Secret Sharing wallets let you choose to generate 33 words per share instead of 20, it’s worth keeping in mind that you’ll only be able to store 20 words per share with Cryptotag Odin.
   
• Criticisms of Shamir Secret Sharing. Some security experts claim that Shamir Secret Sharing introduces its own shortcomings into crypto security setups, while others highlight its benefits. Despite these differences in opinion, it is generally accepted that each crypto security scheme has its strengths and weaknesses. You should choose the option that fits your personal needs, wishes, and circumstances best.

What Is Shamir Backup?

In very simplified terms, Shamir backup can be deemed as a multi-signature scheme for your recovery seed. It splits your recovery seed into multiple seed shares that can later be used to recover your crypto wallet in case of its loss or device failure. But that’s not the best part.

Unlike BIP39 wallets, which require you to have the exact amount of recovery words in a particular order, SLIP39 lets you recover your entire wallet using a predetermined threshold of shares, meaning that you don’t have to have all of your shares for full wallet recovery. 

For example, Shamir backups let you create:

• 3 seed shares with a recovery threshold of 2
• 5 seed shares with a recovery threshold of 3
• 7 seed shares with a recovery threshold of 4
• Multiple other variations

The maximum number of seed shares is 16, while the recovery threshold can be set to anything from 1 to 16.

Such a method leaves extra room for error in case you lose access to certain parts of your recovery setup due to an accident or theft.

Here is a brief Shamir backup video explainer by Trezor:

What’s In The Box?

You can order three variations of Cryptotag Odin – Odin 3, Odin 5, and Odin 7. The only two differences between these packages are the number of titanium hexagons you’ll receive for your setup and their price.

Other than that, Cryptotag Odin shipment includes:

• 3, 5, or 7 titanium hexagons
• 3, 5, or 7 silicon sleeves for hexagons
• Center punch toolkit
• Cryptotag matches
• Earplugs
• A setup guide
• Conversion sheets (paper)
• SLIP39 word list

Package specifications:

Design and Durability

Unlike its predecessors Cryptotag Thor and Zeus, Cryptotag Odin is a unique hexagon shape. Each hexagon can store up to 20 SLIP39 words. However, you’re not going to store SLIP39 words directly on the hexagon – you’ll be using their corresponding list numbers instead. 

The SLIP39 word list contains a total of 1024 words (unlike the BIP39 word list, which uses 2048 words), each of which has its order in the sequence. For example, the alphabetical list starts with the word ‘abandon,’ meaning that its corresponding number is 0001. Meanwhile, the last word in the list, ‘zoo,’ can be easily replaced with the number 1024 and vice versa.

As a result, instead of punching in the entire world, all you have to do is punch in a corresponding four-digit number of the word. According to Cryptotag, using numbers instead of words is an easier and more reliable way to store recovery seed information into a titanium plate. 

A complete list of all SLIP39 words and their corresponding numbers that are punched on the hexagon and also can be found on the official Cryptotag website. Alternatively, Cryptotag dispatches a printed version of the SLIP39 word list for each Odin package.

When it comes to Odin’s durability, it remains one of the most robust backup products out there. It is made of high-grade titanium that is resistant to water damage, rust, heat (up to 1665°C or 3029 °F), and all sorts of physical damage. According to Cryptotag’s testing facility, it has been tested with:

• Blocktorch
• Blacksmith fire
• Open fire
• Closed fire
• Pneumatic hammer
• Profile bending
• Metal roller
• High-pressure
• Beretta 9MM (shooting distance 10m)
• Glock 9 MM (shooting distance 10m)
• CZ Scorpion SMG (shooting distance 10m)

As such, you’re virtually guaranteed to receive one of the highest grade cool storage tools available on the market today.

Compatible Wallets

Cryptotag Odin goes hand in hand with the Trezor Model T hardware wallet, which was the first major wallet to support the SLIP39 format. 

Besides, it is also usable with other SLIP39 supporting software and hardware wallets, namely: 

• Keystone
• Hermit
• Electrum
• Bluewallet

Some SLIP39 supporting wallets allow its users to select the number of recovery words required per share – either a 33-word or 20-word recovery sheets. Keep in mind that each of Odin’s shares can store up to 20 words only, so shares that exceed this limit are incompatible with Cryptotag Odin.

Setting Up a Shamir Backup Wallet

Creating a Shamir backup on your compatible wallet is much like making a regular BIP39 setup, except that you have to write down more seed words, select a number of shares, and their corresponding threshold.

For instance, here is a short video guide by Trezor on how to create a Shamir backup:

In case you’d like to get further guidance on how to create a secure Shamir backup with your Trezor Model T, here is a detailed video explainer by Vlad Costea from BitcoinTakeover.com. 

How To Set Up Cryptotag Odin Backup?

Setting up Cryptotag Odin is not so different from its BIP39 counterparts. You can upgrade your Shamir backup scheme from paper to titanium in six simple steps:

1. Get your recovery words. Bring all of your Shamir backup recovery sheets to a single place or set up a new Shamir wallet with a desired number of shares and write down their words (see the previous paragraph).
    
2. Convert your recovery words into their corresponding numbers. You can find them in a provided SLIP39 word list that came with your Odin package. Alternatively, you can find the digital version of the list on Cryptotag’s website.
   
   Important: if you’re using a digital version of the wordlist, do not type in or mark your seed words on your browser or other search mechanisms – it might introduce an additional attack vector in case your computer is compromised. It’s safer to use the analog version if possible in order to minimize risks.
    
3. Punch the numbers onto the titanium hexagons just as they appear on your paper recovery sheets. 
    
4. Burn your paper recovery sheets as keeping additional paper copies may only introduce additional attack vectors. You can use Cryptotag’s dedicated matches for a full Cryptotag experience.
    
5. Distribute and hide your titanium hexagons. Here you have it – your own secure Shamir backup. Take care and keep it safe!

In case this wasn’tCryptotag’sCryptotag’s sufficiently clear, here is an original 5-minute setup instruction video by Cryptotag:

Cryptotag Odin vs Cryptotag Zeus vs Cryptotag Thor

Cryptotag Odin is a backup tool dedicated specifically to Shamir SLIP-39 backup schemes. Meanwhile, Cryptotag Thor and Zeus toolkits are designed for BIP-39 seed phrase storage, and the sole difference between the two titanium plates is the price and the number of wallets and seed words than can be stored via each kit.

You can read our full reviews of Cryptotag Thor and Cryptotag Zeus here.

Cryptotag Odin Review: Conclusion

Cyptotag Odin is the best Shamir backup option on the market today and is an excellent addition to Cryptotag’s repertoire of quality backup products. If you’re using or thinking of using Shamir recovery seed backup, upgrading your paper seeds into titanium hexagons is a no brainer.

The post Cryptotag Odin Wallet appeared first on Cryptonews.

Cryptotag Zeus seed backup plate is a must-have for every serious hodler. If you are preparing to take your crypto coins out of exchanges or already store them in a private hardware wallet, the importance of a proper backup setup should not be underestimated. Too many people have made this mistake in the past – losing your recovery seed is one of the worst ways to part with your crypto holdings. No one is insured against unexpected accidents, and steel or sturdier seed backups are a no-brainer. Naturally, Cryptotag Zeus is the titanium insurance you might be looking for.

Cryptotag Zeus Review: Key features

Cryptotag is a handy tool for those who seek complete peace of mind for their personal custody setup. It is known for:

Durability. Cryptotag seed recovery plates are some of the most durable record-keeping tools in the market and can endure damage by a fire up to 1667°C / 3032°F, resist corrosion and erosion, and survive bullets without any loss of data.
Titanium quality. Cryptotag is made of titanium, meaning that it is a premium-tier product for companies and individuals who take their crypto security seriously.
Ease of use. Unlike its predecessor Cryptotag Thor kit, Cryptotag Zeus is even simpler and faster to set up. All you have to do is follow the instructions that come with the package and make sure you have a copy of the BIP-39 word list (included in the starter guide).
Non-reusable. Like most recovery seed backup solutions, it is non-reusable, meaning that if you have more than two hardware wallets or simply want to change wallets, you will need to order extra plates for every new setup.
Quick delivery. Although the delivery times vary based on your location, the product is shipped worldwide and will reach you within 1 to 3 business days.

All in all, Cryptotag is one of the most trusted brands when it comes to crypto seed backup and recovery. Although its price may be higher compared with competitor products, being frugal does not mean being cheap!

What Is a Cryptocurrency Seed Recovery Kit?

Unless you are a developer or a crypto economy worker who gets paid in crypto, most new cryptocurrency users get their first coins from cryptocurrency exchanges. Most popular crypto exchanges are centralized services that take custody of your crypto assets just like banks take custody of your cash – they have complete control over your assets and there are plenty of reasons why you shouldn’t keep your crypto coins with them. If you decide to custody your own coins, you will need to obtain a secure private wallet you can use on a daily basis, and hardware wallets (such as Trezor or Ledger) are considered to be some of the most secure options there.

Hardware wallets are specially designed devices that make use of top-tier cryptography to allow you to sign transactions without ever revealing your private key to an online device, meaning that you can significantly reduce the risks of using and safeguarding your coins.

In order to set up your private wallet securely, you will need to create a seed backup. A seed backup is a string of words that lets you recover your device in case of a loss or failure. There are many ways to create a secure seed backup for your device but engraving it on a titanium plate like Cryptotag ensures that it will endure even the most unexpected events like fire, flood, damage from pressure, bullets, and much more.

You still have to keep it safe and away from unauthorized access but encoding your backup words on the most durable material may help you to preserve your secret or even pass it forward as an inheritance to new generations.

What’s In The box?

Cryptotag Zeus comes as a small package of 14.5 x 12 cm / 5.7 x 4.7 in. It includes:

• 2 Plates
• High-Quality Center Punch
• Matches
• Earplugs
• Setup Guide

You can really feel that Cryptotag takes a special focus on the packaging of its products, as unboxing the package is always a delightful experience.

Other specifications:

Cryptotag Zeus Design and Durability

The first thing you’ll notice about the package is its weight and sturdy design. All tools that come with the package seem to have a nice extra touch to them, thus making it a wholesome experience. It even comes with ear plugs and a box of Cryptotag matches. The former is meant to protect the user’s sensitive ears during the punching process, while the latter is meant to burn your old paper backup seed.

In case you get lost in the process, the Starter Guide is here to guide you through. It explains all the steps and includes the BIP-39 word list. Two plates in the Zeus kit enable you to store up to 24 recovery words, which amounts to 1 or 2 hardware wallets (based on your setup).

Besides, you can add a personal touch to each of the backup plates by adding a personalized title.

According to the product website, the kit boasts of substantial damage tolerance, including but not limited to:

• Blocktorch
• Blacksmith fire
• Open fire
• Closed fire
• Pneumatic hammer
• Profile bending
• Metal roller
• High-pressure testing
• Beretta 9MM (shooting distance 10m)
• Glock 9 MM (shooting distance 10m)
• CZ Scorpion SMG (shooting distance 10m)

For more proof of the durability of the kit, see Cryptotag’s testing facility page or observe various tests conducted by independent third parties.

How to Set Up Cryptotag Zeus?

The process of securing your wallet seed with Cryptotag Zeus generally involves four steps:

1. Write down your recovery words on the Conversion Sheet.
2. Find the correlating numbers in the BIP39 word list.
3. Write down the numbers on the Conversion Sheet.
4. Puch the numbers in the titanium plate.

Here is a quick setup explainer video by the Cryptotag team:

Cryptotag Zeus vs Cryptotag Thor

Cryptotag Zeus is a starter kit for anyone who seeks a reliable way to store their seed backup. Meanwhile, Cryptotag Thor is a more advanced toolkit that comes with its own items like a hammer, stamping kit, and the capacity to store two seed backups instead of one. Hence, Zeus is best suited for beginners who are making their first crypto security setup, while Thor is better suited for more advanced security setups that may include multiple wallets.

Cryptotag Zeus Review: Closing Thoughts

Cryptotag Zeus is a premium tier backup device that might offer the best value-for-money in the market right now. A nearly-indestructible titanium plate, set up tools, nice packaging, and clear setup instructions make it a must-have for every top-tier crypto security setup.

The post Cryptotag Zeus Wallet appeared first on Cryptonews.

In our Nexo review, we’ll explore the pros and cons of Nexo as well as the exchange’s features that set it apart from other platforms.

Our Take on Nexo

By some measures, Nexo might be better described as a crypto lending platform than an exchange, but the addition of the Nexo Pro advanced trading platform makes Nexo competitive with well-known exchanges like Coinbase for crypto trading. Where the platform falls short is in its comparatively small selection of 65 cryptocurrencies. By contrast, Coinbase offers more than 250 tradable cryptos.

Nexo remains a popular choice for traders who want to earn a yield on their crypto holdings and fans of the Nexo card, which can act as a rewards credit card or as a crypto debit card.

Nexo’s Strengths

Considering the popularity of cryptocurrencies in 2024 there are thousands of crypto exchanges fighting to become household names. In this section we’ll examine the features that set Nexo apart from the competition.

Easy-to-use platform:

New and experienced users should feel at home on Nexo. The platform is well-designed and intuitive to use. Nexo Pro offers a low-cost trading solution for advanced traders, which brings an uncluttered interface and clear charts with over 100 available indicators.

Nexo card: The Nexo card offers the best combination of benefits compared to other crypto cards from providers like Coinbase, Crypto.com, and Gemini. Other cards work as credit or debit cards, with no possibility of switching modes. Nexo provides a two-in-one solution that lets you easily switch between credit and debit modes. Credit mode uses your crypto as collateral to borrow while earning up to 2% cashback. Debit mode lets you spend BTC and other crypto assets like cash, automatically converting your crypto to cash as needed. In debit mode, you also earn up to 14% interest, paid in crypto.

Crypto lending: While the Nexo card offers an easy way to access the value of your crypto, Nexo also offers crypto loans funded with cryptocurrency you can deploy on other protocols or on Nexo itself. Borrowers can repay according to their own schedule with instant approval. Lenders can earn up to 16%, with interest paid daily.

Who is Nexo Best For?

Is Nexo ideal for HODLers or short-term traders? Let’s explore who Nexo caters to:

• People who want to hold their crypto. Rather than needing to sell your crypto to raise capital, Nexo lets you borrow against your crypto. Use your funds for any purpose.
• People who want to earn a yield. Crypto yields for lending reach 14% or boost your yields by choosing interest paid in NEXO tokens. Stablecoins pegged to a fiat currency earn the highest yields, so you don’t have to risk volatility to earn a return.
• Traders outside the US and UK. Nexo is withdrawing from specific markets due to regulatory concerns.

Nexo at a Glance

Here’s a convenient table covering the key metrics users should keep in mind when researching Nexo in 2024.

Cryptocurrencies Available for Trading on Nexo

Nexo’s selection of 65 cryptocurrencies lags behind competitors like Kraken, with about 240 cryptocurrencies, and Coinbase, with over 250 cryptocurrencies. However, the platform supports the most popular cryptocurrencies and a number of perhaps surprising altcoins.

Top Cryptocurrencies on Nexo by Trading Volume

• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• BNB (BNB)
• Ripple (XRP)
• Avalanche (AVAX)
• Arbitrum (ARB)
• Cardano (ADA)
• Dogecoin (DOGE)
• Polygon (MATIC)

Although the selection on Nexo is smaller than other platforms, the exchange still offers several in-demand altcoins.

Altcoin Selection on Nexo

• Chainlink (LINK)
• Uniswap (UNI)
• THORChain (RUNE)
• Maker (MKR)
• Aave (AAVE)
• Hedera (HBAR)
• Synthetic (SNX)
• Osmosis (OSMO)
• Bonk (BONK)

Trading Fees on Nexo

Nexo offers two trading platforms, each with its own fee structure. Basic “swaps” come with no fees and include a cashback bonus of up to 0.5%. However, Nexo also uses a variable spread, which adds to the cost of swaps.

Swaps support trigger prices, so you can continue earning while waiting for a price you choose. You can also stack multiple swap orders to average out of a position or dollar-cost average when buying.

What Is Dollar-Cost Averaging in Crypto?

Identifying market lows for buying and highs for selling can be tricky business. Dollar-cost averaging offers an easy way to optimize your trades without needing to be a trading guru.

• Buying: When buying, dollar cost averaging works by buying a fixed dollar amount at a fixed interval, such as buying $100 worth of bitcoin on the first of every month.
• Selling: Some investors also use reverse dollar-cost averaging to exit a position, selling a fixed amount at a fixed interval to avoid the perils of timing the market incorrectly.

Nexo Pro, Nexo’s advanced trading platform, does not add a spread to trades. Nexo’s fee structure positions the exchange lower than Coinbase but higher than Kraken and Binance at base tiers. For example, Coinbase Advanced charges 0.6% maker fees and 0.8% taker fees at the base volume tier. By comparison, Nexo Pro charges just 0.3% and 0.4% maker and taker fees, respectively.

Maker Fees vs. Taker Fees

Many advanced trading platforms like Nexo Pro base trading fees on a maker/taker model.

• Maker orders “make” a market by providing liquidity in the form of fixed-price (limit) orders. Without limit orders, we’d have nothing to trade against. Imagine a training world with no prices.
• Taker orders “take” liquidity off the market by buying or selling against existing orders. These are often called market orders because you’re trading at market prices.

Trading fees on the Pro platform vary by 30-day trading volume.

Nexo Pro Trading Fees

Nexo Futures Trading Fees

Trading fees for perpetual trades are fixed at 0.06% for opening or closing a position.

Similar to other perpetual futures platforms, Nexo uses a variable funding fee, which helps the contract price track market prices. Funding fees can add to the cost of trades or may reduce overall trading costs.

Nexo Review: The Nexo Trading Experience

Few crypto platforms offer an interface as clean as you’ll find on Nexo. It’s as beginner-friendly as it gets.

Simple swaps, in which you exchange one crypto for another, work as smooth as butter. In a few clicks, you’ve rebalanced your portfolio. And swaps support triggers, a way to buy or sell at a price you set – and you can set multiple triggers, easing in or out of a position. That convenience comes with a cost, however: spreads.

Generally, a spread refers to the difference between the highest-priced selling order and the lowest-priced buying order in an order book. But it can also refer to a markup that allows an exchange to lock in a price on volatile assets. The latter is what Nexo uses for its no-fee swaps, and it can be costly in some cases. Some users report spreads of up to 2% or higher. Spreads vary based on market conditions, so check the numbers before confirming a trade to be sure the swap makes sense for you.

Boosters

Swaps also support “boosters,” which refers to borrowing against your crypto to trade larger amounts. This process can be completed manually using Nexo’s Instant Crypto Credit Lines, followed by a swap. But the booster option on the convert tab simplifies the process and lets you use up to 3x leverage with just a few clicks.

We’ll cover Instant Credit Lines in just a bit. Loan balances accrue interest but don’t have a fixed payment schedule.

Nexo Pro

To avoid the spread fees discussed earlier, you can instead use Nexo Pro, an advanced trading platform that’s easier to use than many competing platforms.

Nexo Pro starts out simple but offers more functionality with a few clicks. Notably, the advanced trading platform provides charts with over 100 indicators. Add MACD (moving average convergence/divergence), shown above, or any of 100+ other indicators instantly.

Advanced trading platforms can be notoriously tricky to use. Nexo bucks the trend, making Nexo Pro simple enough that newer traders can trade successfully. As a caveat, Nexo Pro doesn’t offer many of the features available on other platforms, such as automated trading bots or options trading. Less clutter translates to fewer trading tools.

Nexo Futures (Nexo Pro)

Perpetual futures let you bet on the future price of BTC and other cryptocurrencies without buying the crypto asset. Instead, you buy a contract that bases your profit or loss on the difference between the price when you open the contract and the price when you close your position.

Choose to go long (a bet the price will increase) or short (a bet the price will decrease) and amplify your earnings with leverage of up to 50x on 70+ crypto assets. Leverage trades use your crypto as collateral, with the highest leverage available for USDT collateral, which has the least volatility.

Due to the higher risk associated with leveraged perpetual futures, Nexo requires users to pass a quiz before they become eligible to trade futures. Availability also varies by region, with US and UK users restricted.

Nexo Web3 Wallet

Recently, Nexo added a Web3 wallet as a way to interact with decentralized applications to swap cryptocurrencies and earn yields. The wallet supports external wallets, like MetaMask or Coinbase Wallet, but can be used as a standalone app as well. Thus far, Nexo’s wallet is not supported on its mobile app, however.

What Is Web3?

Web3 refers to the crypto ecosystems that use your wallet address as your identity. In web 2.0, we use usernames and passwords. Web3 aims to return ownership of your identity to users, allowing you to transact or interact with relative privacy compared to web 2.0.

Currently, the Nexo Wallet supports five networks.

• Ethereum
• Polygon
• Avalanche
• BNB Smart Chain
• Fantom

Notably, Abitrum, which is the largest Ethereum Layer 2 network, is not yet supported.

Nexo Wallet offers several features that simplify web3 usage, operating much like a portal to the decentralized crypto world – but with guard rails to help users avoid deep ravines.

Nexo also adds some features not found with many other wallets.

• Batching: Execute multiple transactions at once to save on fees.
• Flexible gas payments: Crypto networks use cryptocurrencies to pay for transactions and computing power on the network. Nexo Wallet lets you use stablecoins or other supported tokens to pay for transactions.
• Optimized transactions: Nexo uses “smart transactions” to optimize and save money on transactions.
• Aggregated liquidity: Make swaps on decentralized apps without leaving your wallet. Nexo searches for the best value when making swaps, spreading your swap across multiple decentralized exchanges if needed.
• Aggregated wallets: See all your wallet balances and NFTs in one place (supported networks only).

Although a decentralized wallet, users from specific regions, including the US, cannot use the Nexo Wallet app.

Nexo labels its wallet as “beta,” suggesting that more features are on the way, including a “DeFi card,” about which no details have yet been provided. Our curiosity is piqued.

Nexo’s Mobile App

Like its desktop counterpart, the Nexo mobile app is well-designed, smooth-running, and easy to use.

Expect a scaled-down experience, however. Nexo Pro (including futures trading) was conspicuously absent from the mobile app, as was the Nexo Web3 Wallet.

Supported features center on swaps through Nexo Exchange, lending and borrowing, and the Nexo Card, which we’ll cover in more detail shortly. Swaps were not available in certain regions.

Nexo’s mobile app serves as a simple way to manage lending and borrowing on the go, with the ability to perform simple swaps from anywhere.

Nexo Loyalty Levels

Many of Nexo’s perks vary depending on your “loyalty level,” ranging from Base to Platinum. Loyalty tiers are determined by the amount of NEXO tokens held relative to the total account balance.

• Base: No NEXO tokens are needed. This level includes accounts with less than 1% of the portfolio value in NEXO tokens.
• Silver: At least 1% (up to 5%) of your total portfolio value in NEXO tokens qualifies for Silver Level.
• Gold: If your account has 5% up to 10% of its portfolio value in NEXO tokens, your account qualifies for Gold Level benefits.
• Platinum: Accounts with 10% or more of the portfolio value in NEXO tokens qualify for Platinum Level benefits, including the highest interest rates for lending and the lowest rates for borrowing.

Loyalty levels drive interest rates on Nexo, with higher tiers earning higher interest rates.

Nexo Lending Interest Rates by Loyalty Level

Minimum amounts apply, however. For example, you’ll need at least 0.001 BTC to earn interest on your BTC deposits.

• BTC minimum: 0.001 BTC
• ETH minimum: 0.01 ETH
• NETH minimum: 0.005 NETH
• NEXO minimum: 1 NEXO
• USDT minimum: 1 USDT
• USDC minimum: 1 BTC

Stablecoins like USDT have the lowest minimum deposit requirements and pay the highest interest rates in lending.

Staking Opportunities on Nexo (Smart Staking)

Nexo scaled down its staking support recently, now focusing on NETH, an Ethereum staking token that lets you earn staking rewards with as little as $1. Nexo calls it Smart Staking.

When staking ETH on Nexo, your staked ETH is converted to NETH, which earns rewards and can be used as collateral for loans.

Nexo Staked Ethereum (NETH) earns from staking rewards in addition to MEV (Maximum Extractible Value). MEV is a process in which transactions can be front-run, changing the order of transactions to earn extra yields. Nexo runs its own validators, making this possible.

The combination of mechanisms used by Nexo Smart Staking often results in higher overall yields for stakers.

Ethereum staking earns 4% to 8% annually, depending on loyalty tier.
Nexo Smart Staking earns 3.5% to 12% annually based on loyalty tier.

Nexo’s Web3 Wallet also supports several decentralized staking and yield protocols.

Nexo Lending and Borrowing

The Nexo platform remains better known as a lending and borrowing platform than as an exchange.

Lending on Nexo

Users can earn strong yields by buying or transferring assets to the platform. Increase your earnings by locking your funds for three months.

Nexo pays interest automatically. For example, if you buy or deposit USDT, you’ll earn 9% at current rates on the Base tier. Lock your funds for three months to earn an additional 3%. Higher tiers earn higher rates, boosted by a bonus yield paid in NEXO tokens.

Borrowing on Nexo

Nexo also lets you borrow against your crypto. No credit checks, no paperwork, and no required monthly payments.

Because borrowing on Nexo uses your crypto as collateral, loan-to-value (LTV) drives the transaction. With a low LTV of under 20% and Platinum level, you can borrow with 0% interest. As LTV increases, interest rates increase as well.

LTVs under 20% earn the best interest rates for borrowing when combined with Platinum and Gold levels.

Borrow as little as $50 using stablecoins like USDT or $500 in fiat, with a maximum of $2 million daily.

Generally, loans are instant but can take up to 1 day if Nexo needs additional information for Know Your Customer (KYC) or Anti-money laundering (AML) requirements.

Nexo Card

The innovative Nexo Card (Mastercard) is one of Nexo’s top features.

• Spend your crypto like cash in debit mode.
• Borrow against your crypto in credit mode.

Switch between the modes easily and on the go using the Nexo mobile app.

In credit card mode, your Nexo card taps into your instant lines of credit, borrowing against your crypto. Interest rates vary based on your loyalty tier, but unlike a traditional credit card, there are no fixed monthly payments.

Credit mode also earns cashback rewards paid in NEXO tokens or BTC.

In debit card mode, you can spend your crypto like cash. Conversion rates apply using Nexo’s spread, discussed earlier. Debit mode does not support cashback, but you can earn interest on the crypto you hold on the platform.

Nexo Review: Supported Payment Methods

Choose from several ways to fund your account. Available options vary by market.

• Credit cards
• Debit cards
• Apple Pay
• Google Pay
• SEPA – EUR
• Faster Payment Service (FPS) – GBP
• Wire transfer – USD
• Crypto deposits

Minimum Deposit

Expect to deposit at least $10, £10, or €10 when making a fiat deposit.

In general, Nexo does not have a minimum deposit for cryptocurrencies, with some exceptions.

• Tron (TRX): 0.09 TRX
• Bitcoin Cash (BCH): 0.0005 BCH
• Litecoin (LTC): 0.0005 LTC
• Polkadot (DOT): 1 DOT

Minimum Withdrawals

Moving your crypto to a self-custody wallet may require a minimum withdrawal on Nexo.

• Bitcoin: 0.001 BTC
• Ethereum: 0.01 ETH
• NEXO token: 1 NEXO
• Tether: 10 USDT
• US Dollar Coin: 10 USDC
• Ripple: 25 XRP
• Avalanche: 1 AVAX
• Polkadot: 1 DOT

Check Nexo’s help pages for additional minimum crypto withdrawal amounts.

Nexo’s Customer Support

Like many crypto platforms, help comes in the form of chatbots and a ticket system. Nexo’s chat is open 24/7 and serves up AI-powered questions and answers. Just ask for an agent to get live assistance.

Nexo reviews on Trustpilot earn the platform one of the highest TrustScore rating we’ve seen for crypto trading platforms. Nexo scores a 4.7 out of 5, which is higher than eToro (4.3 out of 5) and miles ahead of exchanges like Coinbase (1.5 out of 5) and Kraken (2.0 out of 5).

Rare negative reviews of Nexo on Trustpilot receive a response from Nexo within 24 hours on Trustpilot.

Nexo’s Security and Licensing

Nexo holds several licenses and registrations with major regulators, although tightening regulations have led the exchange to pull out of markets such as the US and UK.

Nexo Registration and Licenses

• US registrations and licenses: In the US, Nexo is registered with the Financial Crimes Enforcement Network (FinCEN) and has also obtained a BitLicense through the New York Department of Financial Services. Nexo is also licensed with the California Department of Financial Protection and Innovation. However, the company is phasing out operations in the US and already blocks access to many features, depending on location.
• Outside the US: Nexo is also registered with the Australian Securities and Investment Commission (ASIC), FINTRAC in Canada, Organismo Agenti e Mediatori (OAM) in Italy, and licensed with the Financial Services Authority (Seychelles).

Proof of Reserves and Security Ratings

As a lending platform, it’s essential to demonstrate that the platform has enough assets to cover its liabilities. The 2022 collapse of several crypto platforms, including Celsius, which shared a similar lending/borrowing business model, makes transparency essential.

As far back as 2021, Nexo provided proof of reserves to show assets exceed liabilities in real-time rather than using a snapshot. However, since then, fewer auditing firms have focused on crypto. Nexo replaced its auditing firm with TrustReserve, which briefly offered a proof-of-reserves attestation for Nexo but which is now gone.

CER, a leading cybersecurity certification platform, notes Nexo as having proof of reserves. However, we were unable to find an active link. Overall, CER currently gives Nexo a “D” rating and lists Nexo as “uncertified,” which could suggest incomplete data.

CER’s methodology considers the following:

• Server security
• User security
• Penetration test
• Bug Bounty
• ISO 27001 certification
• Funds insurance

In a Reddit post from 2023, NexoJosh indicated that Nexo had discontinued the arrangement they had with their auditing partner and is pursuing alternative ways to assure the community regarding reserves.

Reserves aside, Nexo implements several security measures to harden accounts, including two-factor authentication and biometric authentication with its mobile application. The platform also supports whitelisting, a method of restricting withdrawals only to addresses you approve.

Insurance

Crypto custody partners Bakkt and Ledger Vault provide secure storage while also offering limited insurance for crypto assets.

What Could Nexo Do Better?

• Document proof of reserves. Following the collapse of well-known crypto exchanges like FTX and crypto lending platforms like Celcius, it’s imperative to show users that the exchange has the assets it says it has and that it can cover its liabilities. Nexo offered proof of reserves in the past, but we were unable to find current proof of reserves.
• Offer a less complicated tier system. Nexo’s tier system uses loyalty levels to drive interest rates, staking rewards, and more on the platform. All these moving parts center on holding a token of little real-world value elsewhere, which has fallen in price dramatically from its highs. As the price of NEXO tokens falls relative to the broad market, users are forced to buy or earn more to qualify for the top loyalty levels.
• Provide limited services in regulated markets. Nexo recently pulled out of the US and is reducing services in other key markets like the UK. Many other platforms have found ways to offer some services based on location rather than blocking users from accessing the site. Nexo swaps, its web3 wallet, and Nexo Pro parallel services offered by competing platforms without significant restriction. However, these services are unavailable in the US and may be restricted in other markets.

Our Review Methodology

Cryptonews.com is committed to unbiased reviews of products and services to help readers make better-informed buying and investing decisions. We evaluate exchanges based on a wide range of factors, performing real-world transactions where possible and comparing advertising claims against real-world results.

We review exchanges using a point system that considers usability, fees, available trading types, tradable cryptocurrencies, and additional weighting factors. In addition, we examine regulatory oversight and licenses, where applicable, as well as security measures taken by the exchange to protect users.

Conclusion

Nexo’s strengths come from its lending and borrowing platform rather than from its exchange offerings. With only 65 tradable cryptos, investment options center on top assets.

However, as a lending and borrowing platform, Nexo excels. With the ability to earn up to 16% yields in just a few clicks, Nexo becomes an attractive option for investors who want to put their crypto to work. Borrowing rates as low as 0% make Nexo a viable alternative for crypto-backed loans. As a caveat, we’d like to see better transparency regarding reserves, assuring depositors that their crypto is safe on the platform.

FAQs

Is Nexo a trusted platform?

Nexo’s users on Trustpilot generally trust the platform, awarding Nexo with a 4.7 out of 5 TrustScore, which is among the highest scores for any crypto-related platform.

Is Nexo safe to use?

We’re not aware of any hacks or breaches with Nexo. The platform also offers two-factor authentication as well as biometric authentication for its mobile app.

Is Nexo better than Coinbase?

Nexo offers better borrowing terms compared to Coinbase, which only offers borrowing with BTC as collateral. By contrast, Nexo supports borrowing in dozens of cryptocurrencies as well as USD.

Can I use Nexo in the US?

Currently, most of Nexo’s services are blocked in the US.

The post Nexo Wallet appeared first on Cryptonews.

Ledger has been one of the prominent players in the hardware wallet space since 2014, and it continues to build and innovate. In our comprehensive Ledger Nano X wallet review, we’ll dissect the features and functionalities that make this a must-have cold wallet for any crypto enthusiast.

Our Take on Ledger Nano X

The Ledger Nano X hardware wallet is Ledger’s premium offering that supports over 5,500 coins, tokens and NFTs on various blockchains, including Bitcoin, Ethereum and Solana. One of its standout features is the Bluetooth connection; It allows you to wirelessly connect the hardware wallet to your mobile device, enabling you to approve transactions on the go.

With robust features like the secure chip CC EAL5+, its proprietary operating system, a PIN-protected interface, and an industry-leading companion app, Ledger Nano X offers everything you need from a hardware wallet. Read our Ledger Nano X review to find out more about this cold wallet.

Pros & Cons of Ledger Nano X

Ledger Nano X is the best crypto hardware wallet that will safeguard your digital assets. However, there are some downsides.

What Cryptos Does Ledger Nano X Support? 

The Ledger Nano X hardware wallet supports over 5,500 coins, tokens and NFTs on multiple blockchains, such as Bitcoin, Ethereum, Shiba Inu and Polkadot. But to add a blockchain on Ledger, you need to install that app first on your device via the Ledger Live app. If you only want to hold Bitcoin, you install the Bitcoin app, and that’s it — no need to add multiple blockchains if you won’t use them.

Depending on the coin, you could buy, swap or stake them within the Ledger Live app. For example, Ethereum, Bitcoin and Ripple are available for purchase and swapping in Ledger Live, while you can’t buy or swap Monero at the time of writing.

Some coins may not be supported directly in the Ledger Live app, though. But you can still store them on your Ledger Nano X device by using the supporting wallet of that particular coin. Terra (LUNA) and Internet Computer (ICP), for example, aren’t supported on the Ledger Live app, but they are supported on their wallets like Terra Station Wallet and NNS dapp. Simply connect your Nano X with these wallets, and you’re good to go.

Ledger Nano X Pricing & Fees 

Our Ledger Nano X wallet review found that this device comes with a slightly higher price of $149 apiece compared to the Ledger Nano S Plus which comes at $79. The main difference between the two is that the Ledger Nano X has a Bluetooth connection, while the Nano S Plus doesn’t.

This comes into play if you want to use your hardware wallet to connect to an iOS device where Bluetooth is the only way to connect. If you plan to use your device exclusively with a computer or an Android device, the more affordable Nano S Plus could be a better choice.

On the other hand, the Ledger Nano X cold wallet is slightly larger and it feels sturdier than the Nano S Plus. If you hold thousands of dollars in digital assets and you want to have a good-looking hardware wallet, the Ledger Nano X would be the better choice.

How Secure is Ledger Nano X?

As far as device security is concerned, our Ledger Nano X wallet review concludes that this is one of the best cold wallets you can get to protect your crypto investments because of its secure chip, PIN lock and many other safety features.

Secure Element Chip and Proprietary Operating System

At the core of the Ledger Nano X’s security architecture is its secure element chip CC EAL5+. This dedicated hardware component is designed to isolate transaction signing from other parts of the device. This minimizes the risk of potential points of failure.

The secure element chip has been independently certified by a third party after the chip has undergone rigorous testing and assessment. Another safety feature is the use of Ledger’s proprietary Blockchain Open Ledger Operating System (BOLOS). This allows you to install blockchain apps and turn a simple hardware wallet into a personal wallet with multi-chain support.

Physical Buttons and PIN Protection

The Ledger Nano X hardware wallet comes with two physical buttons used for approving transactions and navigating the BOLOS menus. This makes it hard for hackers to remotely steal your funds as every transaction will have to be approved by simultaneously pressing both buttons.

Ledger Nano X has a PIN combination lock as another protection layer. Every time you want to use your Ledger device, you have to unlock it first. To make things harder for hackers and fraudsters, when you unlock your device you select each number by pressing the buttons on your Ledger Nano X. After selecting the right number, the OLED screen will randomly move to another number, not the closest one. This makes it impossible for anyone close by who’s looking at how you press the buttons to guess the right number combination.

Bluetooth Security and Firmware Updates

Having a wireless connection of any sort in a hardware wallet could be a point of concern for some users. However, Ledger Nano X’s Bluetooth is encrypted end-to-end and the seed phrase, known as private keys, never leaves the device. This makes it almost impossible for an attacker to exploit Ledger Nano X’s Bluetooth connection.

Also, the Ledger Nano X hardware wallet constantly gets firmware updates to address potential vulnerabilities and add new features. Open the Ledger Live app and select your device. If there’s a new update, you’ll see a notification.This should permanently answer the question “is Ledger Nano X safe?”

Is Ledger Nano X User Friendly? 

The Ledger Nano X hardware wallet is acclaimed for its user-friendly design and intuitive setup process, which makes it appealing to both beginners and seasoned crypto investors. Users are guided through the initial setup with clear instructions and you can start protecting your digital assets within a few minutes after you open the box.

Once your device is up and running, you can easily navigate through the clear OLED display where you can see the details of each transaction before you sign it.A notable feature that contributes to Ledger’s user-friendly nature is its seamless integration with mobile devices via Bluetooth. This is the only way to connect to an iPhone or other iOS devices, whereas if you have an Android device, you can connect either with Bluetooth or a USB cable.

Adding to the user experience is the Ledger Live app, which is probably the best cryptocurrency hardware wallet companion app you can get. It’s useful for checking balances, making transactions, swapping coins and tokens, staking coins and tokens and even buying coins and tokens directly within the app.Still wondering, is Ledger Nano X worth it?

Key Features of the Ledger Nano X Wallet

Based on our detailed Ledger Nano X wallet review, buying this device is one of the best financial decisions you can make. That’s because the Nano X is packed with features that make your crypto investing experience safe and smooth.

These are Ledger Nano X’s key features:

Advanced Security

Ledger Nano X’s security architecture combines the secure element chip and a custom operating system. This gives the wallet an impressive combination of hardware and software to conduct transactions and other cryptographic operations while keeping your assets safe.

Because of that, your seed phrase is never shared online. Instead, it’s encrypted and remains safely stored on your Ledger Nano X device regardless of whether you’re connected to your computer or smartphone via Bluetooth.

On top of that, even if someone manages to hold your Ledger Nano X unless they know your PIN combination to unlock the device, it will be useless to them.

Seamless User Experience

Starting from the device setup process to its daily use, Ledger Nano X boasts a seamless user experience, which makes it easy to use even by crypto beginners.

Paired with one of the best companion mobile apps, Ledger Live, you get a full suite to manage your crypto portfolio, from buying crypto within the app to swapping and staking your coins.

The Ledger Nano X uses Bluetooth, which lets you wirelessly connect to your smartphone. Because of that, you can transact and manage your crypto portfolio on the go.

Ledger Card

Ledger lets you bank with your crypto assets via its CL Card. This card is provided by Baanx and is currently available only to UK and EEA customers. With this card, you can spend your crypto or use it as collateral with rates starting from 0%. There are also cashback rewards of 1% in BTC and USDT and 2% in BXX, depending on which assets you decide to spend with your card.

This could be an excellent choice for users who want to leave the world of traditional banking as you fully own the assets, meaning no central authority can freeze them or confiscate them. In the worst-case scenario, you won’t be able to use the card anymore, but the assets remain in your custody within your own Ledger Nano X wallet.

Integration With Third-Party Wallets

Some users may prefer crypto wallets that they are used to already, such as Ethereum’s MetaMask or Solana’s Phantom and Solflare. In this case, you can connect your Ledger Nano X wallet to either of these wallets and use the wallet interface to manage your crypto portfolio.

Based on our Ledger Nano X wallet review, we found that you can make this work by selecting the account tab in your MetaMask wallet, and then selecting “add account or hardware wallet”.

Plug in your Ledger Nano X to your computer and select “Ledger” from the options. Follow the instructions and you will have your Ledger Nano X connected to MetaMask in no time. Now you can manage your Ethereum-based coins and tokens, including layer 2s like Polygon (MATIC) directly from within MetaMask.

Customer Support

If we can choose one section where Ledger shines aside from its hardware wallets, then that is their customer support. Reach out to the team by email, social media or live chat, whichever you prefer.

There’s no option to call them by phone at this moment, however. But that isn’t a deal breaker as the team fixes your issues fast. And if there is a problem with your Ledger Nano X, for example, your battery no longer works, they will ship a replacement free of cost.

Ledger’s support team frequently hosts YouTube live videos where users can ask questions in the chat or provide feedback and the team will reply in real-time.

Reach out to the Ledger’s support team via:

• Ledger Support on Twitter
• Ledger on Reddit
• Ledger on Facebook
• Ledger on Instagram
• Ledger on TikTok

Getting Started with Ledger Nano X Wallet

Setting up your Ledger Nano X hardware wallet takes a few minutes. Here’s how to do it:

Step 1. Install the Ledger Live App on your Computer

Visit Ledger’s official website and download the companion app. Find it under “app and services”. Select “Get started” when you run the app.

Select the Nano X device and then “First time using your Nano X?”. Follow the prompts.

Step 2. Set up Your Ledger Nano X

Make sure you are alone or at least that no one can look at the OLED screen of your hardware device. Plug in your Ledger Nano X.

Navigate through the Ledger’s menu with the buttons until you find “Set up as new device” option. Press the two buttons at the simultaneously to select.Set up your PIN and confirm it. Your PIN can have between four and eight digits. If you plan to use your Ledger Nano X as a cold wallet that you will touch once or twice a year, go ahead and use eight digits and make it as secure as possible.But if you plan to actively engage with decentralized apps, to stake and swap coins and tokens, choosing four digits will save you from a lot of pain down the line.

Step 3. Write Down Your Recovery Phrase

Never take a screenshot of your recovery phrase and don’t write it on your computer. Use the recovery sheets that come in the Ledger Nano X box and write the seed phrase there. Make sure to store it in a safe place. If your Ledger Nano X is damaged or destroyed, you can purchase another and restore your assets with the recovery phrase. If you lose your seed phrase, you won’t be able to get access to your funds.

Verify the recovery words on the Ledger Nano X by scrolling sideways until you have the correct words. Confirm your recovery phrase by pressing the two buttons when the correct word is shown.

Open the Ledger Live app. Select “Check my Nano” to make sure it’s a genuine device. The app will prompt you to press both buttons to “Allow Ledger Manager”.

Step 4. Install the Apps you Want

Open Ledger Live again and select “My Ledger”. Confirm the connection on your Ledger Nano X. Install the blockchain apps you intend to use, for example Ethereum and Bitcoin.

That’s it. Congratulations!

 Is Ledger Nano X Worth it in 2024? Our Conclusion

Our Ledger Nano X wallet review concludes that this is one of the best cold wallets you can get this year. It can safely store over 5,500 coins, tokens and NFTs; it lets you connect to your smartphone via Bluetooth; you can use it with popular wallets like MetaMask; and it comes with the best companion app called Ledger Live.

As the next bull run starts to gain traction, scams and frauds will pop up at every corner of the Internet. Paying $149 for the Ledger Nano X is a small price to pay to keep your digital assets safe.

FAQs

How safe is Ledger Nano X?

The Ledger Nano X is one of the safest cold wallets you can get due to its secure chip and proprietary operating system that keep your seed phrase encrypted and offline.

Is Ledger Nano X reliable?

Yes, Ledger Nano X is reliable. But in case something happens to it, say the battery dies, contact Ledger Nano X support and they will send you a replacement free of charge.

What is the downside of Ledger Nano?

The only downside of the Ledger Nano X is probably its price, given you can get the same functionality with the Ledger Nano S Plus.

Is Ledger Nano X untraceable?

You don’t need to do KYC to use Ledger Nano X, which makes it anonymous.

What does a Ledger Nano X do?

Ledger Nano X is a cold wallet that keeps your seed phrase offline and safe. Moreover, for every transaction that you make, you have to physically press both buttons to approve it.

References

• https://station.terra.money/
• https://nns.ic0.app/
• https://www.trustonic.com/opinion/what-eal5-is-and-why-receiving-it-is-such-a-significant-achievement/

The post Ledger Nano X Wallet appeared first on Cryptonews.

With over 30 million users worldwide, MetaMask is known as a leading crypto wallet and describes itself as a “gateway to blockchain apps”. The cryptocurrency wallet has long been considered the go-to wallet for holding cryptocurrency and participating in crypto presales. 

How does MetaMask work and why is it so popular? What sets this software wallet apart and makes it so accessible to all? Get answers to these questions in this MetaMask Wallet Review. 

Do We Recommend MetaMask Wallet?

Whether you are a beginner looking to buy and store your first crypto asset or a veteran looking for full control of your tokens, MetaMask is a secure non-custodial wallet. Also, this wallet is easily accessible to all and completely free to use, with no maintenance charges or hidden fees. 

As we dove deep into its mechanics, we found it to be easy to use. And its compatibility is unparalleled, considering you can use it on your iOS and Android-based smartphones. Desktop users also won’t have any problem using the browser extension. The Chrome extension is lightweight and doesn’t encumber the web surfing experience. 

The only issue we found, however, was its pre-settings. Being designed to store Ethereum-based assets by default, you need to customize the settings yourself to add additional networks. There is however an online tutorial to help you understand how to set up a MetaMask wallet quickly. 

Bitcoin support is also not present on this wallet, and you can’t directly buy cryptocurrencies using it. It has partnered with third-party sites like MoonPay and Mercuryo to provide that facility. 

Despite these shortcomings, MetaMask’s support for decentralized applications makes it a great pick. We consider it one of the best Ethereum wallets for beginners. 

What are the Pros and Cons of MetaMask Wallet?

Pros

• Non-custodial wallet – you have full control over your assets
• Secures your assets using a passphrase and password
• Installable on mobile as an app and on the browser as an extension
• No maintenance fee required
• Suitable for multiple networks
• Helps interact with decentralized applications

Cons

• Does not support Bitcoin
• Only comes pre-installed with Ethereum Network – manual addition of other networks required
• Does not support Bitcoin
• Employs third-party apps to help users buy cryptocurrencies

What is MetaMask?

MetaMask first appeared in 2016 exclusively as an extension-based wallet to be installed on browsers like Chrome, Firefox, and others. But the app soon came on iOS and Android as a downloadable wallet, which enabled mobile-based crypto investors to store their assets. 

Being a non-custodial wallet, MetaMask gives complete control of the assets to users. Users need to remember their security codes – password and passphrase – in order to gain access to their holdings. 

The passphrase is an alternative to a private key, a 12-word phrase that investors must memorize or save. This passphrase isn’t recoverable, which means if the user loses it, MetaMask can’t help with the recovery process. 

These stringent security measures can be seen as minimalistic because the onus of security falls exclusively on investors. And since there are no inherent security guarantees that MetaMask provides, the wallet is free of cost. 

MetaMask was designed to support Ethereum-based assets since those were the exclusive cryptos that supported decentralized applications. But with time, when more alternative networks took the PoS route and had dApps of their own, MetaMask added support for them. However, these additional networks, which include Optimism, Arbitrum, Polygon, Binance Chain, and Avalanche, must be added manually, 

Speaking of decentralized applications and other blockchain-based assets, MetaMask can be used to store NFTs and interact with DApps. And the standard UI that MetaMask has gone with makes it easy for users to buy and store NFTs, store tokens, and earn interest by staking. 

When it comes to fees, MetaMask doesn’t charge any.  But the third parties that allow it to provide the ability to buy crypto assets, do. So, for every crypto asset a user buys or transfers using the MetaMask wallet, there is a 3 to 5% commission. It can be deemed high as compared to its competitors, such as Binance, which charges only a 0.1% fee (at most). 

What are the Cryptocurrencies Supported by MetaMask by Default

Here are the cryptocurrencies that users can store on MetaMask: 

Ethereum and Ethereum-Related Assets

As we already mentioned before, devs designed MetaMask to allow users to interact with the Web 3 ecosystem primarily. This is why by default, it can be used to store and buy Ethereum and Ethereum-based assets, which are based on the ERC-20 standard. 

Other Assets that it Supports

While MetaMask accepts Ethereum by default, it has made room to support other networks as well, such as Polygon, Arbitrum, Optimism, Avalanche, and also Arbitrum network. But these networks must be added manually by entering details such as Chain ID, Symbol, Network name, Block Explorer URL, and New RPC URL.

The lack of support for the new networks by default can be seen as a drawback for beginners. However, there are tutorials available.

Assets that MetaMask Does Not Support

MetaMask only supports a handful of networks at the moment, and it is only the assets available on those networks that one can store on this crypto wallet. Cryptos like Solana, Cardano, XRP, Litecoin, Bitcoin, Polkadot, and other top tokens by market capitalization aren’t available on MetaMask. And the reason is that none of them are EVM compatible. 

Simply put, for an asset to be supported on MetaMask, it must be compatible with the Ethereum Virtual Machine. 

If you want to store and transfer Bitcoin, check out our list of Bitcoin-only software wallets.

MetaMask Wallet – Decentralized or Centralized

MetaMask is not a centralized wallet. It is completely decentralized, giving users complete custody of their own assets. That means users are responsible for setting up their private keys during setup and never share them with anyone else for their own protection. 

Being decentralized, however, means that the responsibility of security only falls on the user. While that can encourage investors to be more careful, it also means that if there is a technical mishap that causes users to lose their keys or assets, MetaMask won’t share liability. 

That said, there are some aspects of MetaMask that are centralized, which are used by it to process fiat payments using third parties. These parties are Mercuryo, Sardine, and Transak. And if an investor is using fiat payments via MetaMask, providing KYC documents is a must. 

Check out our list of best-decentralized crypto wallets to use this year. 

What is the Fee Structure of MetaMask?

MetaMask doesn’t have any fee for incoming transactions. However, if a user is sending crypto via the wallet, they become subject to the network fee. 

Gas Fee

There is a gas fee they need to pay for transferring crypto – not to MetaMask – but to the network. And since the gas fee is directly proportional to network congestion, any slowdown during the transaction will result in an increased gas fee. 

However, users can preset to limit the gas fee they need to pay during the transaction process. But that makes transactions a matter of chance. For instance, if the network is especially congested and the gas fee increases beyond what the user has set in the systems, the transaction will be cancelled. 

Bridged Transaction Fee

If an investor is using a bridged transaction on MetaMask, a fee is levied. This fee is determined by the type of network used and how efficiently the bridge is working. According to the official website of MetaMask, the bridge fee will be reflected on the “return” figure that shows how much a user will receive minus the fee.

• The return figure takes the following into consideration. 
• The MetaMask transaction fee, which is 0.875%
• The gas fee on the destination network, which the bridge provider asks for
• Fee meant for the validators and liquidity providers
• And Price Impact, which depends on the liquidity available and will be impacted by the Bridge 

On average, the total fee comes out to be 3 to 5%.

What are the Security Features of MetaMask?

With MetaMask, users have complete control over their funds. While that can be daunting for investors, there are blockchain-powered security features that make MetaMask a safe wallet choice for both new users and seasoned traders. 

Password and Passphrase

The most crucial security features on MetaMask are the passcode and the “seed” phrase. The password encrypts the private keys, and the seed phrase helps with funds recovery in case a user loses their device. MetaMask has also enabled two-factor authentication for an added layer of security. 

Password

A strong password is a must to protect a user’s assets and identity. It is the key detail necessary for users to remember if they want to access their wallet. It is recommended that users create a password for each device type on which MetaMask is stored. For instance, if a user has a browser extension and a MetaMask mobile app, then passwords on both of them must be different. 

Passphrase

The passphrase, or the seed phrase, is the second piece of crucial information that users must be aware of. As we already mentioned, it is a 12-word keyphrase that will allow users to recover their funds if the device they stored their crypto assets in is lost. While a lengthy keyword can be too difficult to remember. Thus, we recommend that our readers note the passphrase on a clipboard or a device to which they know they will always have access. And the device must not be connected to the internet.  

This passphrase allows users to recover their passwords if they ever lose them. MetaMask doesn’t save it, so if the passphrase is lost, there is no way to recover it. 

Encryption Implemented

MetaMask has opted for a standard encryption model to protect a user’s assets. During wallet creation, MetaMask creates a unique key pair that it then uses to encrypt a user’s data. According to MetaMask, the data is encrypted to ensure that even if your device is stolen or hacked, your data remains confidential. MetaMask also stores the data locally so that users have full access to it, and that further reduces the chances of a data breach. 

Phishing Detection and Protection on MetaMask

The crypto industry is plagued by phishing attacks, which have increased during the crypto winter. MetaMask has thus implemented multiple security features to protect users against any type of phishing attempt. 

The main one among them is the warning message. Whenever it detects that a site is dubious and is attempting to steal a user’s data, it displays a warning message stating that the “site is suspected of phishing”. 

What are the Features of MetaMask Wallet?

Listed below are some of the key features of the MetaMask wallet. 

Token Swapping

MetaMask’s interface has been designed in a way that users don’t need to leave their wallets to swap their tokens. But MetaMask isn’t directly involved with the swaps. It does so with the help of liquidity pools it has partnered with. 

These liquidity pools have both perks and disadvantages. The crypto wallet claims that it can find the best liquidity pools for users in the market with the best speed and the least fees. Ideally, that would enable users to get the maximum out of swapping, as they won’t need to worry about enormous fees. 

But MetaMask does not support all the liquidity pools. That means it merely provides users with information about which liquidity pools are best without always providing them with the ability to use them. Furthermore, depending on the liquidity pool being used, you will be charged a fee. 

Smart Transaction

One of the latest features that MetaMask has implemented is smart transactions. Enabling it would allow users to minimize the transaction cost, reduce transaction failures, eliminate struck transactions, and prevent front running. 

According to the website, enabling Smart Transaction will prompt MetaMask to submit a user’s transaction privately and multiple times. If the transaction is unsuccessful, it will be publicly broadcasted. Users get the option to enable it when they are attempting to do their first swap, and it can later be disabled via the advanced settings. 

Staking

Users will also find an in-built staking facility on MetaMask. It allows users to put their idle crypto holdings to work and earn interest on them.

It is also a third-party facilitated service, and there is only one crypto that can be staked – Ethereum. Also, there are only two staking providers available at press time – Lido and Rocketpool. With Lido, users can earn an APY (Annual Percentage Yield) of 4.11%. And with Rocketpool, staking rewards are limited to 3.36%. 

Do note that this staking reward is what’s currently available presently. It can vary depending on how much stETH or rETH is available in their respective liquidity pools. 

Storing NFTs

MetaMask can also be used to store NFTs. However, there are only two standards available – ERC-721 and ERC-1155. And when it comes to transferring NFTs, MetaMask only facilitates the ones with the ERC-721 standard. 

Educational Resources 

For those who are new to the cryptocurrency space, MetaMask has got educational resources like articles and video tutorials. These explain everything from Web 3.0 to NFTs to self-custody and other topics related to blockchain.

Every section, whether it is Bridge, Buy, Stake, Swap, or Dashboard, all have a slew of articles connected to them that can be read at any time. 

And the platform itself provides a robust tutorial about how to use the wallet. While these explainers are good, we felt like these need to be simplified a bit more. See our own guide on how to set up MetaMask.

Customer Support

MetaMask offers customer support, but only through the help center and community forums. When we checked this feature, we also found some warnings that say MetaMask never asks for a secret recovery phrase. That indicates that there are several fake community forums and help centers created around MetaMask. Therefore, we recommend that our readers only go to the official website for that information. 

How is the User Experience of MetaMask?

MetaMask has mostly billed itself as a self-custodial wallet, which means everything is the responsibility of the user. However, that doesn’t mean only experts can access this platform. We found the UI of the platform to be fairly simple on both mobile and desktop.

Creating a wallet is easy. Users are first asked to pick a strong password and, upon submission, asked to provide a passphrase. While users are allowed to delay providing a passphrase, it is recommended that they choose the seed phrase right then and there. The platform then confirms the user’s identity by asking for certain missing terms from the passphrase; upon entering these terms, users get access to their accounts.

Upon entering the details, MetaMask shows a portfolio to the user. Here, they are asked to connect their other wallets to access the “full potential of this dapp”. There is also an option to watch any wallet, which requires entering an ENS name or wallet address. 

The Buy section is simple to access. It allows one to buy using fiat currencies. MetaMask first asks the user to enter their country of origin and then gives them access to the fiat options. For instance, those from India get to choose between UPI, IMPS, and Debit or Credit cards. 

The swap section is equally easy to understand. Users will also get info about the gas fee while interacting with it. 

The staking section is also simple, providing users to pick between two options. The rest of the settings are concerned with gas prices, the currency of choice, interface colour, settings, support, and FAQs. We chose the dark mode during our review because of its aesthetic appeal. 

These features are for the desktop extension. The mobile version is pretty much the same, providing the same features but in a more condensed manner. The UI is a lot cleaner, we would say, and both Apple and Android versions have received good reviews from users. 

How to Transfer Funds and Buy Crypto Via Metamask Wallet – Full Guide

Listed below are the steps one needs to take to buy crypto or transfer them via the MetaMask wallet

Transferring Crypto to Other Wallet

Let’s start with what we presume to be the more complex of the two. This process entails clicking the MetaMask wallet, picking up the token to send, and pressing the “send button”. The wallet will then ask the user to enter the wallet address, after which the gas fee that will be deducted from the transfer amount will be displayed. 

Click the “Next” button and proceed to review the info. If everything is correct, confirm the transaction. 

We recommend always having surplus tokens to send since transactions can fail when there isn’t enough crypto in the wallet to cover the gas fee and the transaction amount. 

Buying Crypto Using the Metamask Wallet

There are two ways to buy cryptocurrency using the MetaMask wallet. Users can swap their tokens, such as ETH, for other assets. Or, they can use fiat methods. For the fiat methods, they must choose the Buy option. 

Clicking on the “Buy” option will prompt MetaMask to ask for the user’s country of origin, after which fiat payment methods will be provided. Since fiat currency is involved, this process requires users to deposit a KYC document. 

How to Withdraw From MetaMask Wallet?

Withdrawal is also simple via this wallet. Users simply need to transfer their tokens outside the MetaMask wallet and then convert them into fiat. 

Customer Support on MetaMask

As we already discussed in the previous section, community forums, and help centres are the only two ways for users to access customer support. The support section is full of how-to guides that users can read to resolve their issues. And chances are that these articles would be helpful in solving most issues. However, if, in case, none of these tutorials pans out, reaching out to the community forum is another option. But as we scrolled down, there was another option we found that involved talking to the customer support team. The response times are quick. However, we recommend only asking them precise questions. 

How to Use a MetaMask Wallet?

Here are the steps you’ll need to follow to set up a MetaMask wallet:

Step 1 – Go to the Official Website of MetaMask

The first step is to go to the metamask.io website. Here, users will be prompted to download the version depending on their browser. By default, the download will be set to what browser is used to search for the wallet. But users can pick between iOS and Android versions as well. 

Step 2 – Creating a Password

After downloading and installing the wallet, users will be asked to pick a password. We recommend using a strong password with more than 10 alphanumeric characters and symbols. We tried it with eight characters, and it turned out to be an average password. 

Step 3 – Save the Seed Phrase

As soon as the user enters the password, they will be recommended by MetaMask to set the seed phrase. They can defer it, but it is not recommended. Click the “set the passphrase” button and copy the phrase to a clipboard. Upon clicking on the next button, users will be asked to enter the missing terms of the seed phrase. Enter the details and click on “Confirm”.

Step 4 – Add Crypto to the Wallet

Once users have set up their accounts, the time comes to add funds. There are two ways to go about it. For those who are buying cryptos for the first time, the buy option allows them to buy those assets using fiat. 

For those who seek to transfer their assets from other wallets to MetaMask, the process involves copying the wallet address to an external wallet and sending crypto from the external wallet. 

When buying new cryptocurrency assets, prior to their ICO, there is usually an option to connect your MetaMask wallet to the official site of the project and then swap ETH or USDT for the tokens.

The Verdict

We reviewed MetaMask after downloading it and performing the basic functions, and these are our findings:

• It has a good user interface. Even beginners won’t have any trouble buying and storing cryptos using it. 
• The security feature that involves private keys encourages users to be accountable. 
• It allows users to buy crypto not just using other cryptos but also using fiat, which is a plus, especially for a decentralized wallet. 
• Only the Ethereum network is supported by default on the platform. Adding other networks requires manual effort, which would be difficult for beginners. 
• Most of its utilities related to buying assets involve third-party support, which adds charges. 

Like most wallets, MetaMask isn’t perfect. But what it is capable of doing, it does well. 

See our complete list of the best crypto wallets of 2024. 

FAQs

What is a MetaMask wallet?

MetaMask wallet is a non-custodial, decentralized wallet that allows users to buy, store and transfer cryptos, store NFTs, and interact with decentralized applications. 

Is MetaMask a safe wallet?

MetaMask is a non-custodial wallet, which means that the onus of safety falls upon the user’s shoulders. However, it has provided some security features such as mild phishing detection, password and passphrase, encryption, and two-factor authentication to protect a user’s assets. 

Is it free to use MetaMask?

Storing and receiving crypto assets won’t come with any costs on MetaMask. However, using bridged transactions, buying and transferring cryptos do involve some fees.

References

1. https://metamask.io/download/
2. https://play.google.com/store/apps/details?id=io.metamask&hl=en_IN&gl=US
3. https://originstamp.com/blog/is-metamask-safe-what-you-need-to-know

Related

1. How To Use MetaMask Wallet on the Polygon Network
2. How to Use Binance Smart Chain (BSC) with MetaMask
3. How to Add Tokens to MetaMask Wallet
4. How to Link MetaMask to Uniswap
5. How to Deposit and Withdraw Tokens Through MetaMask

The post MetaMask Wallet appeared first on Cryptonews.

This Ledger Nano S Plus wallet review explores the advanced security measures, user-friendly interface and the combination of features that make this device the best crypto hardware wallet you can get. The way it works is it holds your seed phrase safe and offline, and every time you wish to make a transaction, you have to physically press the buttons to approve it.

Our Take on Ledger Nano S Plus

Ledger Nano S Plus is the upgraded version of the old Nano S, which now comes with a larger display and more storage capacity. This version offers the same functionality as its more expensive sibling, the Ledger Nano X but at a lower price.

The only thing that the Ledger Nano S Plus lacks compared to the Nano X is a Bluetooth connection.Other than that, you get to store over 5,500 coins and tokens and you get access to the industry-leading app called Ledger Live where you can stake coins, purchase coins, access dApps and more, making the Ledger Nano S Plus an excellent cold storage option. Read our Ledger Nano S Plus review to see why this wallet is one of the best.

Pros & Cons of Ledger Nano S Plus

The Ledger Nano S Plus hardware wallet is the best cold wallet that can keep your crypto and NFTs safe. That said, there are some drawbacks to consider.

What Cryptos Does Ledger Nano S Plus Support? 

The Ledger Nano S Plus cold wallet supports over 5,500 coins and tokens on various blockchains, including Bitcoin, Ethereum, Solana, Cosmos and more.

The way it works is simple. Whenever you want to add a certain coin, token or NFT to your device, you install an app for that particular blockchain, say Ethereum. You can now move all Ethereum-based coins and tokens to your Ledger Nano S Plus.

If you want to add Solana-based coins, tokens or NFTs next, install the Solana app. Repeat the process for any blockchain you want.

Ledger supports additional features for some coins and tokens. For example, you can buy and swap Bitcoin, Ethereum, Ripple and Polkadot within the Ledger Live app, but you can’t buy and swap Eos and Monero as of this writing.

Moreover, some coins and tokens aren’t directly supported in the Ledger Live app but you can still use Ledger by connecting it to the supporting wallet of that particular coin, say Monero via its GUI Wallet.

Ledger Nano S Plus Pricing & Fees 

Our Ledger Nano S Plus wallet review found that this device comes with a competitive price of $79. Similar wallets from other companies may cost the same or slightly more, but they lack the robust functionality of the Ledger Live app.

Moreover, the Ledger Nano S Plus hardware wallet is competitive even within the Ledger ecosystem. For example, the Ledger Nano X costs $149, and the main difference is that Nano X has Bluetooth support. Granted, this is a convenient way to connect your Ledger wallet to a smartphone – and it is the only way, so far, to connect to an iOS device.

If you plan to use the app frequently on your iPhone, then the Nano X would be the better deal. But if you plan to mostly use your Ledger Nano S Plus with your laptop or PC, you can use it out of the box with the USB cable. For Android devices, you will need to get the Ledger OTG Kit that comes with various USB cables to connect. If this is all you need, buy Ledger Nano S Plus.

Ledger recently employed something called Ledger Recover. This new feature can help you recover your seed phrase – which is the only way to get access to the coins in your Ledger wallet. However, this feature is optional and comes with a monthly subscription fee of $9.99.

How Secure is Ledger Nano S Plus?

Our Ledger Nano S Plus review found that this device is a robust crypto wallet that stores your seed phrase offline and is secure from tampering. On top of it, it has an extra protection layer via a PIN combination lock.

Physical Buttons and PIN Protection

All Ledger Nano S Plus hardware wallets come with two physical buttons that you have to press every time to authorize a transaction. This means that even if you use a malicious link and connect your wallet to a fraudulent website, the fraudsters won’t be able to steal your assets unless you physically press the buttons and approve the transaction. Moreover, if a hacker gains access to your computer, they won’t be able to transfer your funds without you explicitly approving it.

But before it comes to the point of approving transactions, you have to unlock your Nano Ledger S Plus cold wallet first. There is a PIN-gated access where you can use between four and eight digits to unlock your device. Every time you activate your Ledger Nano S Plus, the OLED screen is set to a different number from zero to nine, and you have to press the Nano S Plus buttons to select the right combination of numbers. Even if someone watches you press the buttons, they can never tell which numbers you press.

Secure Chip

The Ledger Nano S Plus cold wallet has a certified secure chip CC EAL6+. This dedicated hardware component is designed to handle cryptographic operations in a secure environment.

The way it works is it isolates sensitive operations from the main processor to prevent potential failure points. The same Secure Element chips are used for protecting data in credit cards, passports and SIM cards. The certification part is done by independent third parties who evaluate the chips’ security.

Proprietary Operating System

The Ledger Nano S Plus wallet uses the Blockchain Open Ledger Operating System (BOLOS). This OS has turned a simple hardware wallet into a personal security device where you can install applications and add new privacy features.

Upon doing the Ledger Nano S Plus wallet review we found that to combat growing threats, the device gets regular firmware updates via the Ledger Live app. These updates typically address potential vulnerabilities and introduce new features, which is why users are encouraged to constantly update their devices to keep them up to date. All of this puts to rest any questions like “Is Ledger Nano S Plus safe?”

 Is Ledger Nano S Plus User Friendly? 

The Ledger Nano S Plus cold wallet has a user-friendly design, making it accessible to both seasoned cryptocurrency enthusiasts and beginners alike. There’s a straightforward setup process with clear on-screen instructions. By using an OLED display on the hardware wallet, Ledger ensures that you can easily verify and confirm transactions.

Moreover, the Ledger Nano S Plus wallet prioritizes user convenience through its compact and portable design. You connect the devices via a USB port on your computer or your Android device. Since there is no battery, the Ledger Nano S Plus has to be connected to operate.

Additionally, the device comes with a companion app called Ledger Live, which is available for desktop and mobile devices. Through the app, you can monitor your portfolio, send or receive funds, buy cryptocurrencies, swap them or use popular dApps like Yearn and Lido.

Key Features of the Ledger Nano S Wallet

Upon doing a thorough Ledger Nano S Plus wallet review we conclude that this device is feature-rich and definitely worth buying. Here’s what you get:

Advanced Security Measures

The Ledger Nano S Plus boasts a range of advanced security features, including integration of a secure element chip and a custom operating system. This provides dedicated hardware and software integration that can handle cryptographic operations in a secure environment.

This is how your seed phrase, also known as a private key, is stored. Whenever you enter your seed phrase in your Ledger Nano S Plus, it never goes online, thus it can’t be exploited by hackers. The PIN protection adds another layer of security as no one can access your Ledger Nano S Plus cold wallet unless they know the PIN unlock combination.

User-Friendly Interface and Accessibility

In addition to its robust security, the Ledger Nano S Plus wallet prioritizes a user-friendly interface both on the device itself and through the Ledger Live app. The device itself is compact, allowing users to conveniently manage their digital assets on the go. The OLED display on the wallet shows all the transaction details, so you know what you’re approving.

Integrating the Ledger Live app makes the user experience even smoother as you can manage your portfolio, send and receive coins and tokens, swap coins and tokens, and even purchase coins via third-party providers from within the app. You can also use some decentralized applications such as 1Inch, Lido, Yearn, and more.

Integration With Third-Party Wallets

Another cool feature of the Ledger Nano S Plus wallet is that you can use it to connect to other wallets, such as Ethereum’s MetaMask and Solana’s Phantom wallets. Our Ledger Nano S Plus wallet review found that to make this work you have to select the account tab at the top of your MetaMask wallet and select “add account or hardware wallet”.

You then plug in your Ledger Nano S Plus wallet and select “Ledger” from the options. Follow the prompts and you’ll have your Ledger wallet connected with MetaMask. Now you don’t need to use Ledger Live to manage your Ethereum-based coins, tokens and NFTs – you can do so directly from MetaMask. However, occasionally opening the Ledger Live app is recommended as that’s how your device gets firmware updates.

Customer Support

Ledger’s customer support is top-notch. You can reach the team by email, social media or live chat. Unfortunately, there’s no phone support. However, Ledger’s support team typically finds solutions to your problems fast and if they can’t fix a device problem, they will ship you a new hardware wallet.

Often, Ledger’s support team will host YouTube live videos where you can ask questions in the chat and the team will reply. You can reach out to the support team on the following social media accounts:

• Ledger Support on Twitter
• Ledger on Reddit
• Ledger on Facebook
• Ledger on Instagram
• Ledger on TikTok

Getting Started with Ledger Nano S Plus Wallet

Setting up your Ledger Nano S Plus is a straightforward process. Here’s how it goes:

Step 1. Install the Desktop Ledger Live App

Visit Ledger’s official website and download the Ledger Live app under the “app and services” menu.

Install the app after it’s downloaded and click “Get started”.

Follow the prompts – select Nano S Plus device from the options and select “First time using your Nano S Plus?” Finally, select “Let’s do this!”

Step 2. Setting up Your Ledger Nano S Plus

1. Make sure no one around you can look at your Ledger Nano S Plus screen.
2. Connect your Ledger Nano S Plus to your computer with the USB cable.
3. Use the Ledger Nano S Plus buttons to navigate through the options.
4. Press the right button until you get to the “Set up as new device” option.
5. Press both buttons at the same time to accept the selected option.

Set up your PIN and confirm it. You can select from four to eight digits. If you plan to actively use your Ledger Nano S Plus, going with four digits will make it way easier later down the road. But if you plan to use your Ledger Nano S Plus as a Bitcoin cold storage that you touch once or twice a year, an eight-digit PIN is likely the best option.

Step 3. Write Down Your Recovery Phrase

This is the most important step.

• Take one of the recovery sheets that come in the Nano S Plus box and start writing down your seed phrase.
• Make sure no one is watching and never enter the seed phrase on your computer or take a photo of it.
• Store your seed phrase in a safe place.
• Verify the words on the Ledger Nano S Plus device by scrolling until you see the correct word.
• Confirm each word by pressing both buttons at the same time.
• Open the Ledger Live app and follow the prompts.
• Finally, select “Check my Nano” to make sure it’s a genuine device.
• Press both buttons on the Ledger Nano S Plus to “Allow Ledger Manager”.

Step 4. Install Blockchain Apps

Open the Ledger Live app and install the blockchain apps that you wish to use, such as Bitcoin, Ethereum, Solana, or any other app you want. Go to the “My Ledger” tab at the bottom of the navigation menu and click both buttons on your Ledger Nano S Plus device to approve the connection with the app. This is where you update your device’s firmware, but also where you install and uninstall the blockchain apps. And that’s it. You’re all set.

Is Ledger Nano S Plus Worth it in 2024? Our Conclusion

Our Ledger Nano S Plus wallet review shows that this is one of the best hardware wallets you can get in 2024. It can store over 5,500 coins, tokens and NFTs, it can integrate with popular wallets like MetaMask and Phantom and it comes with an industry-leading companion app called Ledger Live.

With scams and frauds in the crypto space becoming rampant, investing in a hardware wallet like the Ledger Nano S Plus could be the best decision you could make.

FAQs

What is Ledger Nano S Plus used for?

Nano S Plus is used as a hardware wallet to protect your coins, tokens and NFTs from hackers and fraudsters.

How do I set up my Nano S Plus wallet?

Setting up your Nano S Plus wallet is simple. Download the Ledger Live app for your desktop and connect your Ledger device. Follow the prompts.

How do I use Ledger Nano S Plus for Bitcoin?

Install the Bitcoin app within the Ledger Live app and you will get your own Bitcoin address.

Can you sell crypto from Ledger Nano S Plus?

You can swap your crypto for other crypto within the Ledger Live app but you can’t sell your crypto for fiat currency like USD.

Is Ledger Nano S Plus legit?

Yes, Ledger Nano S Plus is the upgraded version of the Ledger Nano S from one of the most popular and reputable hardware wallet companies.

References

• https://www.getmonero.org/downloads/
• https://www.coindesk.com/tech/2023/10/24/crypto-wallet-maker-ledger-officially-rolls-out-recover-unleashing-fresh-round-of-snark/
• https://www.eenewseurope.com/en/eal-6-certified-se-chip-promises-increased-mobile-security/

The post Ledger Nano S Plus Crypto Wallet appeared first on Cryptonews.

The restricted choice of games can be both a good thing and a bad thing: while the selection is limited, you also don’t have to spend too long figuring out what you want to play—all the basics are there. Since the games are simple, they also load very quickly, meaning you won’t be wasting any time waiting for it to fire up, which also means the subpar graphics and sound effects are not necessarily a dealbreaker.

Crypto.Games Casino Review Key Takeaways

Short, sweet, and to the point: these are the three words that best describe the Crypto.Games casino. At the casino you can sign up in less than a minute, deposit cryptocurrency, select a game, and play. This is arguably the best part about the casino – easy and instant access.

Additionally, Crypto.Games offers a simple interface, a handful of classic games, and no unnecessary complications, so gaming aficionados will have the perfect spot to kick back a little and enjoy a game or two. In case you run out of funds, Crypto.Games also offers a faucet so you don’t have to miss out on the fun.

Crypto.Games General Info

Website

Crypto.Games Website

License

Curaçao

Parent Company

MuchGaming B.V.

Has token

No

Payment Methods

Founded

2020

Software

Pragmatic Play, Evolution Gaming, Hacksaw Gaming

Minimum Deposit

$5

Crypto.Games Casino Gallery

Crypto.Games Casino Bonuses and Promotions

One of the most important questions in gambling is whether you can play for free. Many providers offer daily bonuses, promotions for new players, etc. Crypto.Games uses the Faucet Bonus model for this: traditionally used so users can familiarize themselves with the way a certain casino works by offering them a small amount to play with, in the case of Crypto.Games, Faucet Bonuses increase based on account age, amount wagered, referral commission, chat messages, and other factors. In other words, not only does the Faucet offer you a way to learn the ins and outs of playing, but you can also keep playing when you’re out of money once you’re already a veteran.

However, the Faucet Bonus is also subject to some restrictions. Faucet abuse is strictly prohibited and includes things such as constantly withdrawing from faucets, betting from faucets and depositing to reach the withdrawal limit, all-in bets at high multiples that are executed for as long as needed to reach the minimum withdrawal amount, creating a second account to claim referral bonuses, etc.

The most lucrative reward program is Crypto.Games monthly wagering contest, which starts on the first day every month at 0:00 UTC and lasts until the last day of the month, 23:59 UTC. Here, you can climb the leaderboard by simply playing games with your favorite coin, as well as follow respective rewards for each cryptocurrency.

Crypto.Games wagering leaderboard for ETH.

Besides, top spots from the monthly wagering contests (top five players from Bitcoin and Ethereum leaderboards, top 3 from Litecoin, and top players in the rest) win Crypto.Games VIP membership, which comes with a wide array of benefits, including, but not limited to:

• Lower House Edge on Dice
• Highest Bet Priority
• USD 100 of BTC worth birthday bonus
• VIP tag and chat room
• Free Lotto Entries
• Monthly voucher drops
• …and more!

Welcome Bonus

At the time of our review, the casino was not offering a traditional welcome bonus.

Crypto.Games Promo Codes

There are no promo codes offered or required at Crypto.Games.

What Crypto.Games Casino Games Are Available?

The online casino offers a diverse spectrum of crypto-themed games, underpinned by a commitment to transparency and fairness. By harnessing the power of blockchain technology, Crypto.Games provides players with an unparalleled gaming experience that prioritizes security, integrity, and user anonymity. As we delve into the world of Crypto.Games, let’s explore the array of gaming options it has to offer.

Slots

There is an assortment of engaging Bitcoin slots and other crypto slots at Crypto. Games. From classic fruit machines to modern video slots boasting stunning graphics and dynamic features, Crypto.Games has a ton of slot games featured.

Blackjack

Crypto.Games offers blackjack tables to suit every skill level and preference. With sleek interfaces and intuitive controls, you can immerse yourself in the several variations of blackjack.

Roulette

Whether you prefer the traditional elegance of European roulette or the heightened excitement of American roulette, Crypto.Games offers a variety of options to satisfy your craving for wheel-spinning thrills and crypto rewards.

Other Games

There are numerous other games at Crypto.Games but one that stands out is dice games. You will find a wide variety of crypto dice games available 24/7.

Crypto.Games Sports Betting

Currently, there is no online sportsbook at Crypto.Games. You can learn more about other crypto betting sites via our guide.

Deposits and Withdrawals at Crypto.Games

Crypto.Games only accepts cryptocurrencies with the following minimum deposit amounts:

• 0.0001 Bitcoin
• 0.01 Ether
• 0.01 Litecoin
• 0.02 Ether Classic
• 100 Dogecoin
• 0.01 Monero
• 0.001 Bitcoin Cash
• 0.01 Dash
• 0.02 GAS

In other words, any lower amount that you try to send to your Crypto.Games account will simply not be credited, meaning you lose the amount forever. You also need to double- and triple-check the address you’re sending to for the same reason: cryptocurrencies, once sent, have no built-in system of retrieval. A mistaken address means funds are lost. You will also have to wait until the transaction is confirmed before the funds are credited to your account.

A cool feature of Crypto.Games is that you can make deposits in more cryptocurrencies that are supported by the platform. This is due to its CoinSwitch integration, which automatically converts any altcoin deposit into Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Monero (XMR), Bitcoin Cash (BCH), Ethereum Classic (ETC), Dash (DASH), or NeoGas (GAS). CoinSwitch instant-conversion feature currently works with the following coins:

• 0x (ZRX)
• Ark (ARK)
• Augur (REP)
• Basic Attention Token (BAT)
• Binance Coin (BNB)
• Bitcoin Gold (BTG)
• Cardano (ADA)
• Chainlink (LINK)
• Cosmos (ATOM)
• Dai (DAI)
• DigiByte (DGB)
• Enjin Coin (ENJ)
• EOS (EOS)
• Holochain (HOLO)
• Icon (ICX)
• Komodo (KMD)
• Lisk (LSK)
• Maker (MKR)
• Nano (NANO)
• Nem (XEM)
• Neo (NEO)
• OmiseGO (OMG)
• Ontology (ONT)
• Paxos Standard Token (PAX)
• Peercoin (PEER)
• Qtum (QTUM)
• Ravencoin (RVN)
• Ripple (XRP)
• Stellar Lumens (XLM)
• Tether USD (USDT)
• Tron (TRX)
• TrueUSD (TUSD)
• USD Coin (USDC)
• VeChain (VET)
• Verge (XVG)
• Waves (WAVES)

Besides, Bitcoin players can make BTC deposits via the Lightning Network, which serves to reduce your on-chain fees.

When it comes to withdrawals, all of your deposits first need to have at least two blockchain confirmations before you can request a withdrawal. Additionally, the request needs to be confirmed via email as an added security measure; if you forget to do this, the link expires in 24 hours and the withdrawal doesn’t go through. You can choose your transaction speed with a handy slider—just keep in mind that quicker withdrawals mean higher network fees. The minimum withdrawal amount is 0.002 BTC or altcoin equivalent.

It must also be kept in mind that Crypto.Games does not offer refunds of any sort — for the same reason that the house does not request a refund when the player wins.

Payment Methods

Here is a complete list of eligible cryptocurrencies at Crypto.Games: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Monero (XMR), Bitcoin Cash (BCH), Ethereum Classic (ETC), Dash (DASH), or NeoGas (GAS).

Interface and User Experience at Crypto.Games

The overall look-and-feel of the casino is very simplistic. When you arrive on the main page, you will see direct links to the games and a place for you to sign-up. Overall, the casino leaves a lot to be desired in terms of the design but you do have everything you need to casino game online, which is the most important thing.

Crypto.Games Regulation and Safety

At Crypto.Games you won’t be able to open an account if you’re using a temporary email provider—you’ll have to enter a “real” address first, then confirm it. Aside from the usual password security (a combination of uppercase and lowercase letters, numbers, special characters, etc.), Crypto.Games also encourages their users to set up two-factor authentication.

In terms of game fairness, all Crypto.Games are provably fair. In simple terms, provably fair means that the games are open and verifiable with cryptographic signatures, so neither other players nor the house can cheat.

When it comes to protecting funds, Crypto.Games keeps the majority of their holdings in cold wallets with publicly visible addresses. This means that you can verify that they are able to pay out any winnings, but the funds themselves cannot be compromised, allowing for both security and transparency.

Crypto.Games Casino Verdict

Crypto.Games is the perfect place for those looking to relax and play a few games without the hassle of choosing between hundreds of them, but with the privacy and security of cryptocurrency. Here, less is more: the Crypto.Games team knows what they’re doing, and they do it well.

FAQs

Is Crypto.Games legit?

Yes, Crypto.Games is a perfectly safe and secure online casino. The casino is regulated and licensed out of Curacao.

Can I win real money playing at Crypto.Games?

Yes, you can win real money at Crypto.Games casino. You will need cryptocurrency to deposit. However, after withdrawing funds you can convert the cryptocurrency to your local currency within an external exchange.

What games are available at Crypto.Games?

Game types at Crypto.Games include table games, online slots, dice games, and more. There are thousands of top crypto casino games available 24/7.

The post Crypto.Games Casino appeared first on Cryptonews.

Read on to discover our Wall Street Memes Casino Review for 2024. We evaluate the casino for safety, payment speeds, anonymity, supported games, promotions, and everything in between.

Wall Street Memes Casino Review Key Takeaways

Launched in 2023, Wall Street Memes Casino is a new gambling site. It’s backed by the Wall Street Memes project, which had one of the best crypto presales this year. Raising over $25 million, Wall Street Meme’s native token, WSM, now trades on crypto exchanges. Not only does Wall Street Memes Casino accept WSM as payment, but many other cryptocurrencies.

This includes everything from Bitcoin, Dogecoin, Cardano, and Solana to Ethereum, XRP, and Tether. This Wall Street Memes Casino review discovered over 5,000 games. This includes thousands of slots, including fan favorites like Wild Coyote, Immortal Romance, and Queen of Alexandra.

Table games are also available, such as roulette, blackjack, and baccarat. These popular games can be played with software or live dealers. Wall Street Memes Casino also offers a sportsbook. This offers pre-match and in-play betting around the clock. We found that Wall Street Memes Casino is one of the best anonymous casinos.

Players can open an account without revealing their identity; only an email address is collected. Additionally, Wall Street Memes Casino automatically approves withdrawals. This means players will receive their winnings in minutes rather than days. Like many crypto-centric platforms, Wall Street Memes Casino is regulated by the Governor of Curaçao.

Another feature is that Wall Street Memes has a transparent buyback program. It uses casino and sportsbook profits to repurchase WSM tokens. This rewards existing holders, as the supply is reduced over time. Wall Street Memes Casino is also suitable for bonus hunters; the first deposit is matched by 200% up to $25,000.

Wall Street Memes General Info

Website

Link

License

Curaçao

Parent Company

WSM

Has token

No

Payment Methods

Founded

2023

Software

Smartsoft Gaming, Playson, Mascot Gaming, Lady Luck Games, Spinomenal, Kalamba Games, Habanero, Gaming Corps, Wazdan, Betsoft, Gamzix, Blueprint Gaming, Relax Gaming, Red Tiger, OneTouch, NetEnt, Pragmatic Play, Evolution

Minimum Deposit

$5

Wall Street Memes Casino Gallery

Wall Street Memes Bonuses and Promotions

Wall Street Memes is a new gambling site, meaning it offers generous bonuses to attract players. This section details everything you need to know about the welcome package. We also cover ongoing promotions available to existing players.

Welcome Bonus

The Wall Street Memes Casino welcome package is available to first-time players. The first deposit will be matched by 200% up to $25,000. To get the maximum bonus of $25,000, you’d need to deposit $12,500. All supported cryptocurrencies are eligible for the welcome package. The bonus amounts will be converted accordingly.

In addition, the welcome package also includes 10 free spins. These need to be used on the Wanted Dead or a Wild slot game. That said, new players can increase this to 200 free spins when depositing WSM, the project’s native token. Regardless of the cryptocurrency used, at least $30 needs to be deposited to avail of the welcome package.

Like many Wall Street Memes Casino reviews, we examined the bonus terms and conditions extensively.

First, the wagering requirements on the deposit bonus are as stated: “Every time you wager your initial deposit 6 times 10% of the bonus is released.”. This might be confusing for some players, so let’s elaborate with an example.

• Suppose you initially deposit $200 into Wall Street Memes Casino
• Your 200% deposit boost gets you an extra $400. This $400 is locked as ‘bonus funds’.
• To wager 6 times the original deposit ($200) you’d need to bet $1,200.
• So, every time you wager $1,200, 10% of the bonus is released ($40).

These wagering requirements come with pros and cons. The drawback is that to clear the entire bonus, you’d need to wager the original deposit 60 times. That’s $6,000 for every $100 deposited.

That said, even if you don’t clear the entire amount, you’ve still got a chance of releasing a portion of the bonus. This is because 10% of the bonus funds can be withdrawn every time you wager the deposit 6 times.

Any winnings made from the free spins will be converted into bonus funds. This means the same wagering requirements will apply. The deposit bonus and free spins must meet the wagering requirements within 14 and 7 days, respectively.

The terms also state that only slots contribute 100% to the wagering requirement. Live games and sports bets contribute 50%, while software and live roulette contribute just 5%. All other games contribute 20%.

Fortunately, Wall Street Memes Casino is one of the best crypto slots sites, so you’ll have thousands of titles to choose from.

Monday Reload Bonus

Existing players can claim a deposit reload every Monday. This works the same as the matched deposit bonus but with different terms.

• Deposits of between $500 and $1,000 will be boosted by 50%.
• This is reduced to 40% when depositing between $200 and $499.
• Deposits between $50 and $199 will be matched by 30%.

The Monday Reload bonus funds can only be used on casino games. The bonus funds must be wagered 35 times within five days before a withdrawal can be made. The maximum bet when targeting the wagering terms is just $5.

Pragmatic Drops & Wins

Wall Street Memes Casino has partnered with Pragmatic Play, which is considered one of the best casino software providers. Pragmatic Play has allocated $2 million in monthly bonus funds. Not only at Wall Street Memes but hundreds of other online fiat and crypto casinos.

Here’s how it works; Players can enter the tournament by playing an eligible slot game. A minimum spin size of $0.50 is required. Players accumulate points based on how much they win. This is based on the win multiplier and not the bet size, ensuring a fair playing field for all.

There are 10,000 cash prizes in total, ranging from $10 up to $25,000. No Wall Street Memes Casino bonus code is needed for this promotion.

VIP and Loyalty

Regular gamblers will like the Wall Street Memes Casino VIP program. There are 11 different loyalty tiers, which are based on the amount wagered. Wall Street Memes Casino also offers missions. This enables players to increase their loyalty points.

Some completed missions award 1 or more spins on the bonus wheel. This allows players to earn free spins on selected slot games.

Wall Street Memes Promo Codes

Looking for Wall Street Memes Casino bonus codes? None of the promotions discussed above require a code. Players simply need to meet the qualifying requirements as stated in the terms and conditions.

Wall Street Memes No Deposit Bonus Codes

All Wall Street Memes Casino bonuses require a deposit. The welcome package, for example, requires at least $30 to qualify. As such, there aren’t any no deposit bonuses at this time.

What Wall Street Memes Casino Games Are Available?

In this section, we’ll explore what Wall Street Memes Casino games are available.

Slots

Thousands of slots are listed on the Wall Street Memes Casino. Slots are provided by dozens of reputable developers. This includes Novomatic, NetEnt, Hacksaw Gaming, Pragmatic Play, Evoplay, and Wazdan. Not only does this ensure that slots are random and fair but interactive and packed with in-game features. Some of these slots have extremely high RTP rates which is why this casino earned its place in our best payout online casino list.

Slots are divided into three main categories. First, there’s a full suite of bonus buy slots. Put simply, these slot games allow players to ‘buy’ entry into the main bonus round. Some of the best bonus buys on Wall Street Memes Casino include Big Bamboo, Gold of Sirens, Europe Transit, and Juicy Gems.

There’s also a huge range of Megaways slots. These come with thousands of paylines. When a winning combination is landed, the winning reels are replaced with new reels. This can lead to multiple wins on the same spin. Some of the best Megaways on Wall Street Memes Casino include Wish Upon a Leprechaun, Wild Coyote, 4 Diamonds Values, and Cashpot Kegs.

Jackpots are also popular on Wall Street Memes Casino. These are higher volatility slots but with much larger jackpots. Popular jackpot slots include Queen of Alexandria, Mega Rise, and Mega Moolah. We found that most slots on Wall Street Meme Casino can be played in demo mode. This is a major benefit, as players can test a slot before risking real money.

Blackjack

Wall Street Memes Casino lists 98 blackjack games. This includes Azure, VIP, Lucky Sevens, Single Deck, Multihand, and Party. The most popular blackjack games are provided by Evolution.

Roulette

There are 55 roulette games on the Wall Street Memes Casino. This includes localized variations, such as European, American, Indian, Macao, and Romanian.

Other popular variations include Classic, Lightning, Mega, and Immersive. Each roulette game comes with unique rules and payouts.

Poker

Wall Street Memes Casino supports 25 video poker variations. This includes American Poker Gold, Caribbean, Turbo, Magic, Deuces Wild, and Oasis. Just remember that video poker is a fixed-odds game, meaning you’re playing against the dealer.

Wall Street Memes Casino doesn’t support player vs. player poker games.

Live Dealers

Wall Street Memes Casino offers an immersive gambling experience in the live dealer department. There are hundreds of tables operating 24/7. This includes roulette, blackjack, craps, and baccarat.

There are also more than a dozen live game shows. Popular examples include First Person Deal or No Deal, Crazy Time, Wheel of Fortune, Bollywood Stars, and Monopoly Big Baller.

Other Games

There are plenty of other gambling games to try on the Wall Street Memes Casino. This includes popular ‘crypto crash’ games like Aviator, Cricket X, Limbo Cat 2, and Cricket Crash.

There’s also a selection of Spribe games, which follow the provably fair model. This included dice, plinko, keno, and mines.

Wall Street Memes Sports Betting

Now let’s explore the Wall Street Memes Casino sports betting dashboard. This can be accessed from the same account.

Available Sports and Markets

We found nearly 50 sporting events on Wall Street Meme Casino. This includes soccer, ice hockey, cricket, tennis, American football, and basketball. There are thousands of betting markets every day. For instance, soccer games include semi-pro leagues from around the world. There are also youth games, including the u18s and u21s.

Wall Street Memes Casino also supports Gaelic football, speedway, futsal, snooker, golf, and wrestling. There’s also a comprehensive esports betting department. This includes StarCraft, Arena of Valor, Call of Duty, King of Glory, Dota 2, League of Legends, and other popular games.

There’s also a huge selection of betting options for each supported market. Players can place bets pre-match and in-play. The in-play dashboard operates 24/7 and comes with a ‘Cash Out’ feature on selected games.

Odds

Before getting started, players should choose their preferred odds format. Options include American, Hong Kong, European, Indonesian, and Fractional.

We compared Wall Street Memes with other crypto sportsbooks. We found that the odds align with the industry average. Although some markets offer slightly more competitive odds, others are less favorable. But overall, the odds are similar across the board.

Deposits and Withdrawals at Wall Street Memes

Wall Street Memes Casino accepts some of the best cryptocurrencies to buy. This includes Bitcoin, Dogecoin, Ethereum, XRP, Litecoin, and other popular altcoins. Deposits are processed automatically after a minimum number of blockchain confirmations. Bitcoin should arrive in your account in about 10 minutes. Consider using an altcoin for faster confirmation times.

The minimum deposit depends on the chosen cryptocurrencies. For instance, you’ll need to deposit at least 0.0001 BTC when opting for Bitcoin. Based on BTC/USD exchange rates today, that’s about $4. This is much lower than traditional online casinos, meaning Wall Street Memes is ideal for casual players.

The minimum withdrawal also depends on the cryptocurrency. Bitcoin withdrawals require a minimum of 0.0002BTC or about $8. There will be a slight reduction in the withdrawal amount to cover the blockchain network fee. This aligns with the actual network fee at the time of the withdrawal.

In terms of payout speeds, Wall Street Memes processes withdrawals between a few minutes and one hour. This is very fast, considering that most online casinos average 24-48 hours. After approval, the cryptocurrencies will arrive in your wallet in a few minutes.

Payment Methods

The below table is a recap of the available deposit and withdrawal methods at Wall Street Memes Casino.

Interface and User Experience at Wall Street Memes

Wall Street Memes is available on standard web browsers. We found its casino interface very user-friendly and well-laid out. There are several ways to find a suitable game. Some players prefer using the search bar. You can search for a specific title, such as Mega Moolah. Alternatively, you can type in a generic game like ‘Baccarat’.

This will bring all supported baccarat versions. There are also filters on the left-hand dashboard. For instance, clicking on ‘Live Casino’ will display all supported live dealer tables. Another option is to sort games by the software provider, such as NetEnt or Evolution.

The sportsbook is also user-friendly. Players can click their preferred sport to see a list of games and competitions. For instance, you can click ‘Tennis’ followed by ‘ATP’ or ‘WTA’. Regular sports bettors will like the ‘Schedule’ button. You can view games based on the start time, from one to 48 hours. You can then narrow your search by clicking on the preferred sport.

The account opening process is also seamless. Wall Street Memes Casino asks for an email address, username, and password. Nothing else is required. The only drawback is that debit/credit card payments require KYC details. However, this is due to anti-money laundering regulations, which Wall Street Memes Casino must comply with.

Wall Street Memes Regulation and Safety

Wall Street Memes Casino is a brand-new gambling site, so caution should be taken. That said, it’s authorized and regulated by the Governor of Curaçao, meaning it holds a valid Curaçao e-gaming license. Wall Street Memes Casino doesn’t collect personal data or ID verification documents.

This keeps your data safe and secure. You won’t need to hand any payment details over either. This is because deposits are made from a personal wallet. We also noted that Wall Street Memes Casino offers games from reputable and licensed software providers. This includes NetEnt, Evolution, and BetSoft, which are audited frequently by several regulators.

WSM Token Buyback Program

Before concluding our Wall Street Memes Casino review, it’s important to mention the WSM buyback program. WSM is a meme coin that backs the Wall Street Memes ecosystem. It also has utility, as WSM can be used to deposit funds into your casino account. Crucially, Wall Street Memes uses 10% of its casino and sportsbook profits to purchase WSM from public exchanges.

This is based on the Net Gaming Revenue (NGR). As you’ll see from the image above, Wall Street Memes is transparent on how much NGR it generates. It provides a breakdown every 24 hours. To date, Wall Street Memes has purchased over $1.5 million worth of WSM tokens. This increases the long-term value for WSM holders.

Wall Street Memes Casino Verdict

Our Wall Street Memes Casino review has left no stone unturned. Although this is a brand-new casino site, Wall Street Memes has secured regulation from the Governor of Curaçao. It also offers KYC-free accounts, meaning you can gamble on thousands of games anonymously.

We also like its 200% deposit bonus for first-time players. You’ll also get 200 free spins if you deposit funds with WSM. Overall, this is a top-rated casino and sportsbook for crypto gamblers.

FAQs

Is Wall Street Memes Casino legit?

Yes, although Wall Street Memes Casino was recently launched, it’s regulated by the Governor of Curaçao.  It doesn’t collect personal information or ID verification documents, so your private data is kept safe.

What games can you play at Wall Street Memes Casino?

Wall Street Memes Casino supports over 5,000 games, including roulette, baccarat, video poker, blackjack, slots, and crypto crash. It also offers a 24/7 sportsbook.

What is the Wall Street Memes Casino welcome?

New players receive a 200% deposit bonus up to $25,000, plus 10 free spins. Those depositing WSM tokens will get  200 free spins.

References

• Compliance Markets (Evolution)
• License Information (NetEnt)
• Bitcoin Quotes (CNBC)
• Gambling Compliance (PWC)

The post Wall Street Memes Casino appeared first on Cryptonews.

This review highlights everything you need to know. We explore supported games, safety, bonuses, customer support, user-friendliness, and how its sweepstakes coin system works.

Chumba Casino Review Key Takeaways

Launched in 2017, Chumba Casino is a sweepstake casino site. Otherwise referred to as a social casino, it offers an alternative to traditional online gambling. In simple terms, Chumba Casino doesn’t enable players to gamble with ‘real money’. Instead, it has developed two digital currencies; Gold Coins and Sweeps Coins.

Players receive both Gold and Sweeps Coins when opening an account. Gold Coins cannot be redeemed or exchanged. They’re used as a gambling currency, meaning wins generate more Gold Coins. In contrast, Sweeps Coins can be used to win real money. Players can redeem Sweeps Coins for US dollars, before withdrawing the funds to a bank account or e-wallet.

Sweeps Coins can also be exchanged for gift cards. There is no requirement to deposit funds at Chumba Casino. Players can earn Gold and Sweeps Coins in various ways, such as completing tasks or entering lotteries. That said, Chumba Casino allows players to buy Gold Coins with fiat money. Coin packages always come with bonus Sweeps Coins.

This allows Chumba Casino to sell Sweeps Coins while remaining compliant with US gambling laws. Chumba Casino offers over 150 gambling games. This includes blackjack, roulette, video poker, slots, and instant wins. Although there isn’t a Chumba Casino app, games can be played on desktop and mobile web browsers.

Chumba Casino General Info

Website

Chumba Casino Website

License

Malta

Parent Company

VGW Malta Limited

Has token

No

Founded

2017

Software

Pragmatic Play, Reel Play, Yggdrasil

Minimum Deposit

$5

Chumba Casino Gallery

Chumba Casino Bonuses and Promotions

In the next section of our Chumba Casino review, we’ll explore what bonuses are available.

Welcome Bonus

Chumba Casino offers a welcome bonus to players opening an account for the first time. Crucially, there is no requirement to make a deposit. Although you’ll need to provide some personal information, you won’t need to add payment details.

The welcome package consists of:

• 2 million Gold Coins
• 2 Sweeps Coins

To reiterate, Gold Coins do not have any value. They allow you to play Chumba Casino casino games and enter competitions. However, Sweeps Coins do have value, as they can be redeemed for US dollars. The exchange rate is 1 Sweeps Coin = $1. Therefore, the Chumba Casino online bonus is valued at $2.

Although this is insignificant when compared to the best Bitcoin casinos, this is a no deposit bonus. This means you’re receiving free casino funds without needing to risk any money.  Your 2 Sweeps Coins can be used on any supported game.

There are no wagering requirements on the Chumba Casino welcome bonus. That said, you’ll need to accumulate at least 10 Sweeps Coins to redeem a gift card. And 100 Sweeps Coins to redeem withdrawable cash.

Bonus Sweeps Coin Packages

Sweeps Coins are the sought-after currency at Chumba Casino. The easiest way to get Sweeps Coins is to buy a promotional package.

Due to legal restrictions, you can’t directly purchase Sweeps Coins. Instead, you’ll need to buy Gold Coins, which comes with a Sweeps Coins bonus.

Let’s dissect the above bonus table. For a start, purchasing a $1 and $10 package doesn’t yield any Sweeps Coins bonuses. What’s more, the $50 package should be avoided, as it offers fewer Sweeps Coins than the $20 option.

To get the largest number of free Sweeps Coins, you’ll need the $300 package. In addition to 120 million Gold Coins, you’ll get 315 Sweeps Coins. Valued at $1 each, this means you’ll get a $315 bonus.

Now, you won’t be able to withdraw your free Sweeps Coins straightaway, even if you’re above the $100 minimum redemption amount. You’ll need to play through the bonus at least once.

For example:

• Let’s say you purchased the $300 bonus package
• You receive 315 Sweeps Coins
• You’d need to gamble 315 Sweeps Coins before a withdrawal can be made

The Chumba Casino terms and conditions do not refer to eligible games when using bonus funds. With this in mind, you should stick with low volatility games like blackjack and video poker.

Free Sweeps Coins

If you don’t want to purchase Sweeps Coins, Chumba Casino offers several bonuses that are free to claim. The specific amounts change from time to time.

Nevertheless, here are some of the ways to get free Sweeps Coins:

• Daily Log-In: Logging into your Chumba Casino account each day will get you free Sweeps Coins. When the pop-up window appears, click the ‘Claim’ button. This offer doesn’t require any Chumba Casino login bonus codes.
• Send a Postal Request: Strangely, you can also get free Sweeps Coins by sending a postal request. US and Canadian residents will need to send the request to Portsmouth and Ontario, respectively. Even more bizarrely, the postal request must be handwritten.
• Email: Chumba Casino frequently sends promotional emails to registered players. These often include new ways to get free Sweeps Coins. Some emails are sent to specific players.
• Social Media: Sweep Coins bonuses can also be found on social media. Chumba Casino is on X (Formally Twitter), Instagram, and Facebook.

Chumba Casino Promo Codes

At the time of this review there are no promo codes available. We recommend you visit the casino for more information.

What Chumba Casino Games Are Available?

In total, Chumba Casino offers over 150 casino games. Let’s break down its gaming suite in more detail.

Slots

The majority of Chumba Casino games are slots. This covers many different slot categories. For instance, there are classic slots with old-school symbols, such as bells, cherries, and 7s. You’ll also find slots with over 1,000 paylines. These will appeal to players who like low-volatility games.

We also found ‘themed’ Chumba Casino slots covering the Wild West, fantasy, Egypt, and Aztec. That said, the most popular slots to play are progressive jackpots. These are linked with other casino sites, meaning the jackpot progressively increases. Some progressive slots pay 6 or 7 figures.

Blackjack

Chumba Casino also offers three blackjack tables. Two follow the standard payout rules. The third is ‘Back Blackjack’. If you hit a blackjack, you’ll get to roll a virtual dice. This allows you to win up to 264 times your stake.

Roulette

Chumba Casino offers just two roulette games. First, there’s ‘American Roulette’. This is the classic version with two green zeros. Second, there’s ‘American Roulette x2’. This offers a slight twist from the original game, as players can randomly win a double payout.

From an odds perspective, it’s a shame that Chumba Casino doesn’t offer the European or French versions. These come with lower house edges. Nonetheless, if you’re looking for a broader range of variations, check our guide on the best Bitcoin roulette sites.

Video Poker

Chumba Casino also offers one variation of video poker, Jacks or Better. This is a fixed-odds game against a software-dealer.

Put simply, if you land at least one Jack or higher (Queen, King, Ace), you’ll get your stake back. You’ll win higher multiples by landing a stronger hand.

Other Games

Players will also find a small selection of instant-win games. This includes Slingo, bingo, and solitaire. These games are aimed at players who want a fast-paced gambling experience.

Chumba Casino Sports Betting

Unfortunately, there is no sportsbook available at Chumba Casino and there are no immediate plans to offer one to casino players.

Deposits and Withdrawals at Chumba Casino

We’ve established that Chumba Casino is a sweepstake casino. This means that players cannot deposit and gamble funds like traditional casino sites. Instead, players can gamble with Gold Coins and Sweeps Coins.

Although many players prefer to play without risking any money, some will purchase a coin package. This gives players access to a much larger number of Gold Coins. In fact, most packages come with a Sweeps Coins bonus.

If you want to purchase a coins package, you can use one of the following deposit methods:

• Debit/Credit Cards [Visa, MasterCard, American Express, Discovery]
• E-Wallets [Skrill, Paysafecard]
• Online Banking
• Gift Cards [CVS Pharmacy Dollar General, Circle K]

There is no mention of any deposit fees in the Chumba Casino payment section.

Before making a withdrawal, you’ll need to redeem your Sweeps Coins.

The minimum redemption amount is 10 Sweeps Coins ($10) for gift cards. This increases to 100 Sweeps Coins ($100) when withdrawing cash. Under no circumstances will Chumba Casino process a withdrawal if the minimums are not met.

If you’re withdrawing cash, you can choose from a bank account transfer or Skrill. No other payment methods are permitted.

In terms of overall banking speed, deposits are processed instantly across all supported methods. Furthermore, we found that cash withdrawal requests are usually processed in 24-48 hours. Gift cards are faster, as they’ll usually be processed in under 24 hours.

That said, this is much slower than the best altcoin casino sites, which usually offer instant payouts.

Payment Methods

When it comes to the available methods there are only fiat options offered. In other words, you cannot use cryptocurrency at Chumba Casino. More specifically, you can use debit cards, credit cards, and bank transfers. There are a range of providers available including Visa, Mastercard, Discover, and American Express. Additionally, you can deposit using eWallets and gift cards.

Interface and User Experience at Chumba Casino

The main feature of Chumba Casino is its virtual currency system. It doesn’t allow players to gamble with dollars. Instead, players can only wager Gold Coins or Sweeps Coins. Unlike the best Bitcoin slots sites,  neither Gold nor Sweeps Coins can be withdrawn.

That said, Sweeps Coins can be converted to gift cards or cash. Crucially, there is no requirement to deposit or risk any money. Many players enjoy Chumba Casino in free mode, as there’s still a chance to win real prizes.

Other than that, there are no standout features on Chumba Casino. This will appeal to players who want a simple gambling experience without the threat of losing money.

Furthermore, we rate Chumba Casino highly when it comes to functionality. All features, games, and bonuses work seamlessness. Opening an account takes minutes, and the welcome package is credited near-instantly.

This means players can begin gambling straight away. Moreover, buying a coins package is simple and fast. Players only need to enter their preferred payment method and the purchase is credited immediately.

We had no issues loading games either. Even on a slower internet connection, we didn’t face any lagging.

It should come as no surprise that Chumba Casino is user-friendly. It offers a basic gambling interface that’s easy to navigate. However, the main drawback is that Chumba Casino doesn’t have a search bar.

This means you can’t directly search for a specific game. That said, games are divided by the respective category. For instance, ‘Table Games’ or ‘Slingo’. Considering there are so few games, this isn’t an issue unless you’re playing slots. After all, most games on Chumba Casino are slot titles.

Chumba Casino Regulation and Safety

In terms of safety, Chumba Casino is owned by VGW Malta, which is regulated by the Malta Gaming Authority. Although this is irrelevant to US players, it shows that the platform takes regulation seriously. Not only is Chumba Casino authorized to accept US players, but also those in Canada. No other nationalities are eligible.

Chumba Casino Verdict

In summary, Chumba Casino will appeal to a certain type of player. It enables casual gamblers to win cash prizes without making a deposit. As a sweepstakes casino, it specializes in Gold and Sweeps Coins. This means it doesn’t directly accept real money wagering.

Players are encouraged to claim bonuses and complete tasks to win additional coins. The majority of listed games are slots, although there’s also blackjack, roulette, and video poker. Overall, Chumba Casino is a solid gambling platform that’s worth considering.

FAQs

Can you win real money playing Chumba Casino?

Yes, but you’ll need to accumulate at least 100 Sweeps Coins ($100) to withdraw cash. This is reduced to 10 Sweeps Coins ($10) when withdrawing to a gift card.

Why is Chumba Casino legal in the US?

Chumba Casino is a legal ‘sweepstakes casino’, allowing it to operate in most US states. Players gamble Gold and Sweeps Coins instead of dollars, meaning it doesn’t fall under traditional gambling laws.

Is Chumba Casino legit?

Yes, Chumba Casino is a legit sweepstakes casino that was launched in 2017. Its parent company is authorized and regulated by the Malta Gaming Authority.

How do I withdraw from Chumba Casino?

If you’ve met the minimum redemption amount, you can withdraw to a bank account, Skrill, or a gift card.

References

• Malta Gaming Authority (MGA)
• Bank Secrecy Act (Fincen.gov)
• Sweepstakes FAQs (WSGC.gov)
• FINRA Rules (FINRA)

The post Chumba Casino appeared first on Cryptonews.