What is CoinsPaid?
CoinsPaid is a cryptocurrency payment gateway that some online casinos build into their cashiers. It isn’t a wallet you use yourself: you still send crypto from your own wallet or exchange account, and CoinsPaid handles the payment on the casino’s side.
Which coins you can use depends on what the casino has switched on, not on CoinsPaid alone.
Supported Cryptocurrencies
CoinsPaid supports a range of cryptocurrencies. The casino’s cashier shows which ones it accepts.
Major Cryptocurrencies
- Bitcoin (BTC) — The original cryptocurrency.
- Ethereum (ETH) — Smart contract platform whose fees vary with network demand.
- Litecoin (LTC) — Known as the “silver to Bitcoin’s gold,” with faster block times than Bitcoin.
- Tether (USDT) — A stablecoin pegged to the US dollar, so its value in Australian dollars moves with the exchange rate.
- Dogecoin (DOGE) — Community-favourite cryptocurrency with minimal transaction fees.
Additional Options
CoinsPaid also supports numerous other cryptocurrencies including Bitcoin Cash (BCH), Ripple (XRP), Cardano (ADA), Polygon (POL), and other altcoins.
How to Use CoinsPaid at Online Casinos
Using CoinsPaid at online casinos is straightforward, as the payment system is integrated directly into the casino’s platform.
Making a Deposit
- Log in to your casino account and navigate to the cashier or banking section.
- Select CoinsPaid or your preferred cryptocurrency from the available deposit methods.
- Choose which cryptocurrency you want to use for your deposit (Bitcoin, Ethereum, etc.).
- Enter your deposit amount. The casino will display the equivalent in your chosen cryptocurrency.
- You’ll receive a unique wallet address or QR code. Send the cryptocurrency from your personal wallet to the provided address.
- Once the blockchain confirms the transaction, your casino balance is credited.
Making a Withdrawal
- Navigate to the casino’s withdrawal section and select CoinsPaid or your preferred cryptocurrency.
- Enter your personal crypto wallet address where you want to receive your winnings.
- Specify the withdrawal amount and confirm the transaction.
- The casino has to approve the withdrawal before it’s sent. That can take hours or days, and your first withdrawal usually waits until your ID check (KYC) is done.
Benefits of Using CoinsPaid at Online Casinos
- Multi-currency support — You’re not limited to Bitcoin if the casino has other coins switched on.
- Deposits after confirmation — Deposits are credited once the blockchain confirms them.
- No banking details — You don’t share card or bank details with the casino. The casino still checks your ID before paying out, so crypto doesn’t make you anonymous.
- Stablecoin options — USDT and other US dollar stablecoins avoid most crypto price swings, though their Australian dollar value still moves with the exchange rate.
Safety and Security with CoinsPaid
Crypto payments through CoinsPaid are ordinary blockchain transactions: they’re recorded on a public ledger and can’t be reversed. A payment gateway doesn’t make the casino itself any safer.
What the Blockchain Gives You
- Public record — Every transaction can be looked up on the blockchain using its transaction ID.
- No card or bank details — You never share credit card or bank account information with the casino.
Best Practices for Australian Players
- Always double-check wallet addresses before sending cryptocurrency — transactions are irreversible.
- Use a secure, reputable crypto wallet to send funds to CoinsPaid-enabled casinos.
- Start with smaller deposits to familiarise yourself with the process before making larger transactions.
- Keep records of your transaction IDs for reference in case you need to contact customer support.