Coinbase Casinos | Can Coinbase be Used for Gambling?

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Updated: January 28, 2022

Those venturing into the world of crypto gambling might be wondering how they deposit and withdraw when gambling online. One of the simplest options for any online crypto transaction is to use a digital crypto wallet, such as Coinbase. 

But can you gamble through Coinbase? And are there any safe Coinbase casinos?

Coinbase is one of the most popular digital wallets in the industry, and there are plenty of reasons why. Firstly, it’s ideal for beginners due to its simplicity and safety.

Another excellent advantage of using Coinbase as your digital wallet is that it’s one of the easiest ways to deposit and withdraw money. This allows you to quickly and smoothly send payments with Coinbase and start your casino journey right away!

Below, we’ll give you some more information about Coinbase gambling sites and the pros and cons of using them.

Best Online Casinos Accepting Crypto Payments

About BC.Game Casino

Here at CasinosBlockchain, we have a soft spot for new, innovative brands, which is why BC.Game is now one of our favourite cryptocurrency-exclusive casinos. Its provably fair games deserve special praise, and so do the casino’s engaging and original promotions. With the chance to spin a rewarding wheel of fortune every day and rewarding tasks and challenges, you won’t even miss a traditional deposit bonus.

Overview

Websitebc.game

Established 2017

License

Bonus

Wagering Requirements

No Deposit Bonus Up to 1 BTC (Wheel of Fortune)

Live Chat Yes

Rating

4.8

Bonuses 5/5

Look & Feel 5/5

Licensing & Safety 4/5

Game Selection 5/5

Payment Options 5/5

Customer Support 5/5

About Stake Casino

Stake is more than just a Bitcoin casino. It’s got hundreds of odds on all the best sports, a fresh look, exclusive games, a top-notch VIP program, and no welcome bonus. That’s right: you won’t find a welcome pack at Stake, but you won’t miss it. Instead, you can take advantage of provably fair games across the board, a fully disclosed house edge, and a wide array of rewarding promotions, including a weekly giveaway where you can win $5,000.

Overview

Websitestake.com

Established 2017

License Curaçao

Bonus $5,000

Wagering Requirement

No Deposit Bonus

Live Chat Yes

Rating

4.8

Bonuses 4/5

Look & Feel 5/5

Licensing & Safety 5/5

Game Selection 5/5

Payment Options 5/5

Customer Support 5/5

Сustomer Reviews 4.5/5

About True Flip

True Flip is a unique blockchain casino. Besides its very own cryptocurrency, it offers original games developed by its own game studio. On top of these exclusive features, True Flip has over 1600 games from some of the world’s biggest brands, which you can play with a large selection of fiat money and cryptos. This is an impressive brand, although it could be improved with the addition of provably fair games and a VIP program.

Overview

Websitetrueflip.io

Established 2017

License Curaçao

Bonus 1 BTC + 150 Free Spins

Wagering Requirement 35x

No Deposit Bonus

Live Chat Yes

Rating

4.5

Bonuses 4/5

Look & Feel 5/5

Licensing & Safety 4/5

Game Selection 4/5

Payment Options 5/5

Customer Support 5/5

Сustomer Reviews 3.5/5

Now that you know what Coinbase is, you may be wondering how it comes into play in online gambling. The simple answer is that this is a tool you can use to make your payments swiftly and safely, whether it’s deposits or withdrawals. 

Unfortunately, one very important aspect about Coinbase is that its Terms of Service state that users can’t send or receive payments to or from any type of gaming platform. This means that although most online casinos accept deposits and perform withdrawals to Coinbase, by using it you will violate the wallet’s terms.

As such, you should be aware that Coinbase may shut down your account due to irregular use.

Crypto gambling sites accept a wide range of cryptocurrencies, but they don’t always accept fiat. To play there, you have to exchange your regular currency for altcoins. Only then can you make a deposit.

This is where Coinbase becomes a very useful tool, even if you decide not to use it to gamble directly!

1. Setting Up an Account on Coinbase

To start using Coinbase for online gambling, you can follow these steps:

  1. Follow our exclusive link to be redirected to Coinbase.
  2. Click on “Get Started” on the top right corner of the screen.
  3. Create an account with Coinbase by filling in the necessary information.
  4. Once your account is validated, click on the icon for your account and navigate to “Settings”.
  5. Click on “Payment Methods” and add a new payment method of your choice.
  6. You can now buy cryptocurrencies and store them on your Coinbase wallet-

2. Buying Cryptocurrencies on Coinbase

Now that your Coinbase account is all set up, it’s time to confirm which altcoins are accepted on the crypto casino you want to play. Once you confirm what are your possibilities, you can follow these next steps on Coinbase:

  1. Click on the “Buy/Sell” button that can be found on the top-right corner of the screen.
  2. Insert the amount you want to buy and select which cryptocurrency you want to purchase on the drop-down menu.
  3. Select the payment method you want to use and click on “Preview Buy”.
  4. On the next page, you’ll see all the necessary information about the transaction, including the Coinbase fee.
  5. Click “Buy Now” to add this cryptocurrency fund to your digital wallet.

You can use your Coinbase wallet to start playing! We’ll explain how to do that below.

3. Making a Deposit at a Coinbase Casino

Using a crypto casino Coinbase wallet is fairly simple, albeit quite different from using a regular payment method. 

To make a deposit at Coinbase casinos, you first must go to the cashier section of your account. You then have two options to make your deposit:

  1. Use the QR code reader on your Coinbase app and follow the instructions.
  2. Copy the address and past it on the “Send/Receive” section on Coinbase’s website.

Regardless of the option you choose, the deposit will be processed quickly and in a secure manner. Just make sure that you select the right cryptocurrency to send, as your funds might be lost if you send Ethereum to a Bitcoin address or vice versa.

Withdrawing Money From an Online Casino with Coinbase

The process to withdraw funds from your online casino account is also extremely simple and quite similar to making a deposit. Here’s how to do it:

  1. Go to Coinbase and click on the “Send/Receive” button at Coinbase. 
  2. Select the option “Receive” and choose the cryptocurrency you wish to withdraw.
  3. Copy the address that appears on the page and go to your casino cashier.
  4. Select the same cryptocurrency you chose on Coinbase. 
  5. Paste your Coinbase address in the respective box.
  6. Select the amount you wish to withdraw.
  7. Complete the withdrawal process.

Most Coinbase casinos will show the fee they will take from your withdrawal amount, so don’t forget to consider this.

Once you complete the process on the online casino, the funds will be transferred to your Coinbase wallet within a short instant.

One of the best aspects of crypto casinos is that you often have a wide range of altcoins to choose from when making payments. 

Although some smaller casinos only accept Bitcoin and Ethereum, other renowned brands tend to have a long list of accepted currencies. For instance, BC.Game accepts more than 30 altcoins.

You must always confirm which cryptocurrencies you can use at the casino you have chosen to play, as this will impact the exchanges you will have to make in your Coinbase wallet.

The most common cryptocurrencies accepted by online casinos are:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Litecoin
  • Tether
  • Dogecoin
  • Chainlink
  • Neo
  • Tron
  • Ripple

Top Crypto Casinos By Variety of Coins

About BC.Game Casino

Here at CasinosBlockchain, we have a soft spot for new, innovative brands, which is why BC.Game is now one of our favourite cryptocurrency-exclusive casinos. Its provably fair games deserve special praise, and so do the casino’s engaging and original promotions. With the chance to spin a rewarding wheel of fortune every day and rewarding tasks and challenges, you won’t even miss a traditional deposit bonus.

Overview

Websitebc.game

Established 2017

License

Bonus

Wagering Requirements

No Deposit Bonus Up to 1 BTC (Wheel of Fortune)

Live Chat Yes

Rating

4.8

Bonuses 5/5

Look & Feel 5/5

Licensing & Safety 4/5

Game Selection 5/5

Payment Options 5/5

Customer Support 5/5

About True Flip

True Flip is a unique blockchain casino. Besides its very own cryptocurrency, it offers original games developed by its own game studio. On top of these exclusive features, True Flip has over 1600 games from some of the world’s biggest brands, which you can play with a large selection of fiat money and cryptos. This is an impressive brand, although it could be improved with the addition of provably fair games and a VIP program.

Overview

Websitetrueflip.io

Established 2017

License Curaçao

Bonus 1 BTC + 150 Free Spins

Wagering Requirement 35x

No Deposit Bonus

Live Chat Yes

Rating

4.5

Bonuses 4/5

Look & Feel 5/5

Licensing & Safety 4/5

Game Selection 4/5

Payment Options 5/5

Customer Support 5/5

Сustomer Reviews 3.5/5

About Cloudbet

Having been around since 2013, Cloudbet is one of the oldest blockchain casinos. Following its establishment, it has grown into one of the leading Bitcoin casino platforms, even though you can now play and deposit with several other cryptos. It’s a very newcomer-friendly website, even offering a blog to introduce you to the world of Bitcoin gambling. Fans of sports can also join the fun: there is a comprehensive sportsbook product.

Overview

Websitecloudbet.com

Established 2013

License Curaçao

Bonus 5 BTC

Wagering Requirement 800 loyalty points per 0.01 BTC

No Deposit Bonus

Live Chat Yes

Rating

4.5

Bonuses 4/5

Look & Feel 5/5

Licensing & Safety 4/5

Game Selection 5/5

Payment Options 4/5

Customer Support 5/5

Сustomer Reviews 3.9/5

Fiat Payments at Coinbase Casinos

While cryptocurrencies are easily accepted by crypto online casinos, the same can’t be said about fiat currencies. More often than not, these types of casinos will only accept deposits and withdrawals of altcoins.

But if you want to make payments using fiat money, there are still some options that you can take advantage of. Casinos such as True Flip and Cloudbet offer players the possibility to make payments with both cryptocurrencies and fiat money.

In these cases, the deposits and withdrawals can be processed through a vast list of payment methods, including credit cards, Skrill, or even PayPal.

We have covered making deposits and withdrawals on online casinos with Coinbase, so the question that remains is: how can I send my money from Coinbase to other payment methods?

The first thing you need to do is convert your cryptocurrencies into fiat money. This can be done directly at Coinbase by:

  1. Clicking on the “Buy/Sell” button and selecting “Sell”.
  2. Select the amount you want to sell and the cryptocurrency you intend to sell.
  3. Choose the fiat wallet you want to use to receive those funds.
  4. Click on “Preview Sell” to see all the information about the transaction, including Coinbase fees.
  5. Select “Sell now” to have your crypto funds in the fiat currency you selected.

The final step of the process is to send your fiat funds from Coinbase to a payment method of your choice. You can do this by accessing your fiat currency wallet (e.g. USD Wallet, CAD Wallet, EUR Wallet) on the “Assets” page, and following these steps:

  • Select the option “Cash Out”.
  • Choose a card from the options available on the menu.
  • Complete the cash out process.

You should receive the transfer from Coinbase into your selected payment method within 30 minutes, however, the processing time might take up to 24 hours.

Pros and Cons of Coinbase at Online Casinos

✅Safety
✅Speed
✅Convenience

❌Against ToC

As with every other aspect of playing at crypto casinos, there are always some pros and cons to using tools like Coinbase.

The main advantages are clear:

  • It’s safe
  • It’s fast
  • It’s convenient

One negative aspect of using Coinbase at online casinos is clear from the platform’s terms and conditions. Under the Prohibited Use section, Coinbase states that the wallet can’t be used for “Gambling: Lotteries; bidding fee auctions; sports forecasting or odds making; fantasy sports leagues with cash prizes; internet gaming; contests; sweepstakes; games of chance.”

Although it’s not very probable that Coinbase actively goes after users who gamble with funds from this platforms’ wallet, the reality is that it might happen. As such, we cannot recommend using Coinbase at online casinos.

Let’s look into other cryptocurrency wallets that accept sending and receiving funds from online casinos.

Alternatives to Coinbase

In case you’d like to be safe when making crypto deposits into online casinos, you can choose one of the following options:

  • Binance: This crypto exchange is well respected in the digital currencies world, and has a wide offering in terms of altcoins. It offers very similar services to Coinbase, with the exception that it accepts transactions to online gambling platforms.
    You can, obviously, use Binance at any BNB casino.
  • Kraken: This is another excellent option for gambling lovers who want to buy, sell, exchange, and store cryptocurrency. The only important aspect to consider is that Kraken only accepts transactions to or from legal gambling sites, so make sure that you use a licensed casino to play at.
  • MetaMask: this crypto wallet works in the same way as the ones mentioned above, and also accepts transactions to and from online casinos. It’s one of the safest options out there, and also offers user-friendly navigation. Stake Casino is a great choice for MetaMask users.

Other digital wallets and crypto exchanges that might be worth considering include CoinMetro​, KuCoin​, and Luno​.

Best Binance Casinos

About BC.Game Casino

Here at CasinosBlockchain, we have a soft spot for new, innovative brands, which is why BC.Game is now one of our favourite cryptocurrency-exclusive casinos. Its provably fair games deserve special praise, and so do the casino’s engaging and original promotions. With the chance to spin a rewarding wheel of fortune every day and rewarding tasks and challenges, you won’t even miss a traditional deposit bonus.

Overview

Websitebc.game

Established 2017

License

Bonus

Wagering Requirements

No Deposit Bonus Up to 1 BTC (Wheel of Fortune)

Live Chat Yes

Rating

4.8

Bonuses 5/5

Look & Feel 5/5

Licensing & Safety 4/5

Game Selection 5/5

Payment Options 5/5

Customer Support 5/5

About True Flip

True Flip is a unique blockchain casino. Besides its very own cryptocurrency, it offers original games developed by its own game studio. On top of these exclusive features, True Flip has over 1600 games from some of the world’s biggest brands, which you can play with a large selection of fiat money and cryptos. This is an impressive brand, although it could be improved with the addition of provably fair games and a VIP program.

Overview

Websitetrueflip.io

Established 2017

License Curaçao

Bonus 1 BTC + 150 Free Spins

Wagering Requirement 35x

No Deposit Bonus

Live Chat Yes

Rating

4.5

Bonuses 4/5

Look & Feel 5/5

Licensing & Safety 4/5

Game Selection 4/5

Payment Options 5/5

Customer Support 5/5

Сustomer Reviews 3.5/5

About EarnBet

Calling itself the ‘first decentralized casino’, EarnBet is a casino Dapp where you can play an adequate range of provably fair games with different cryptocurrencies.

Unusually for a casino Dapp, you’re also getting a welcome bonus on sign up. But it gets better: play regularly and you can even win a part of the casino’s profit and lower the house edge!

Overview

Websiteearnbet.io

Established 2018

License Curaçao

Bonus $50

Wagering Requirement 50x

No Deposit Bonus

Live Chat Yes

Rating

4.5

Bonuses 4/5

Look & Feel 5/5

Licensing & Safety 5/5

Game Selection 4/5

Payment Options 4/5

Customer Support 5/5

Сustomer Reviews 4.1/5