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USD Coin (USDC) is a cryptocurrency payment method that has caught the attention of many players mainly because of its price stability. 1 USDC has always been equivalent to 1 US dollar, and vice versa.
I’ve compiled a USD Coin casinos guide detailing everything you need to know about it. This includes how it works, depositing funds, and withdrawing winnings using USDC. Currently, Stake.us, a sweepstakes casino we recommend, accepts USDC for Gold Coin purchases. With this in mind, I have reviewed this sweepstakes casino site and some of our recommended online casinos with suitable alternatives.
I’ll start this guide by reviewing Stake.us, which accepts USD Coin as a payment method. I’ll also review US online casinos featured here on theGruelingTruth.com with the best USDC alternatives.
Stake.us has taken the sweepstakes casino and the casino gaming industry, in general, by storm since its launch about two years ago.
This sweepstakes casino site is one of the few with such an extensive casino game selection. This operator has a wide range of games, including slots, live dealer games, table games, and scratch card games. And that’s not all; it also has a “Stake Originals” section with other casino games, like Plinko, HiLo, Crash, and the list goes on. Note that, as it is a sweepstakes casino, you won’t be able to play with real money. Instead you will receive two forms or virtual currencies that can be used to play on the site.
This sweepstakes casino platform is also known for its generous bonuses and promotions, especially its registration bonus package. When you sign up for an account, you get to receive 260,000 Gold Coins, 55 Stake Cash, and a 5% rakeback bonus.
Stake.us is a crypto sweepstakes casino. While purchases are not necessary to play on the platform, you can buy optional Gold Coin packages using USDC. In addition to USD Coin, Stake.us accepts other cryptocurrencies, such as Ethereum, Bitcoin, Tron tokens, and Litecoin.
Bet365 is one of the few “one-stop” gambling platforms that have managed to maintain a perfect balance when it comes to delivering great quality betting services in all its betting sections.
Like its sportsbook section, this operator’s casino game section is also impressively extensive. It has a great selection of games, from slots to jackpot slots, live games, and table games.
Bet365 also has some fantastic bonus and promotion offers for its casino players. New players are ushered into the platform with a 100% deposit bonus of up to $1000.
This online casino has yet to accept USDC as a payment method, but it has a couple of excellent payment alternatives. Among them are PayPal, Skrill, Skrill 1-tap, Visa and MasterCard debit/credit cards, Neteller, paysafecard, and bank transfer.
BetMGM is another one of our recommended betting sites with comprehensive betting sections, including casino gaming.
The site has an impressive selection of casino gaming, including slots, jackpot slots, live dealer games, and arcade games. It even has a dedicated poker section with a good number of poker game variations, which is an advantage if you’re a poker fan.
BetMGM’s bonuses, particularly the sign-up bonus, do not disappoint. New players get a $25 bonus after completing the account registration process. Then, they receive a 100% deposit bonus of up to $1000.
While this operator has yet to accept USD Coin as a payment method, it has other reputable payment options that work perfectly. These options include Apple Pay, PayPal, Discover, Visa, MasterCard debit/credit cards, bank transfer, and PayNearMe.
Next on this list is FanDuel. If you’re a sportsbook or daily fantasy sports fan, you might have heard of this betting site. Well FanDuel is also a household name in the casino gaming industry, and this is for a good reason.
Its casino game collection is quite decent, with most games being slots. It also has a number of live dealer games for more variety.
FanDuel is also keen on offering its players the best when it comes to bonuses. It has 200 free slot spins and a 100% bonus of up to $1000 in store for new players.
This platform has yet to include USDC among its payment methods, but the available ones are great alternatives. Among the payment options on this site include PayPal, Apple Pay, Venmo, Visa and MasterCard debit/credit cards, PayNearMe, and bank transfer.
Betrivers is another top-tier gambling platform with a solid casino game section. It offers a wide range of casino games, such as table games, slots, and live dealer games.
This operator offers an amazing welcome bonus offer for newbies joining the platform. It has a registration bonus of up to $500 when your first casino wager loses. However, remember that the availability of this offer varies from one Betrivers legal state to another.
Betrivers currently doesn’t support USDC as a payment method, but it has a good selection of excellent alternatives. These include Venmo, PayPal, Visa, MasterCard, American Express credit/debit cards, Vanilla, bank transfer, and PayNearMe.
Below is a list highlighting the best features of the online casinos I have just reviewed. Again, these are casino platforms with USD Coin payment alternatives.
Category | Best casino |
---|---|
Best mobile casino | Bet365 |
Best for slots | Stake.us |
Best for live casino | Stake.us |
Best for roulette | Betrivers |
Best for blackjack | FanDuel |
Best for poker | BetMGM |
Fastest withdrawal | Stake.us |
Since USD Coin is a cryptocurrency payment method, it’s likely to have a lengthier payment process, especially depositing. This is due to the need to exchange USDC for fiat currency and vice versa. However, the procedure isn’t as complicated as you may think.
So, to deposit USD to your online casino account:
To withdraw USDC winnings:
USD Coin is one of the fastest payment methods for casinos. Like other crypto payment options, USDC typically takes a few minutes to process payments. Deposit and withdrawal limits vary from one online casino to another.
Transferring USDC to and from your online casino account is essentially free. However, you may incur charges when you purchase USDC and when you exchange USDC for fiat currency on your crypto exchange platform.
Aside from Stake.us, the online casinos I’ve reviewed, haven’t included USD Coin as one of their payment methods. However, they have alternative payment options that are affordable, fast, and secure, like USDC. A good example is PayPal.
Next, in this USD Coin Casinos guide, I’ll touch on online casino bonuses that can be claimed using USDC. The available casino platforms here have yet to include USD Coin as a payment method, meaning their bonus offers can’t be claimed using this payment method. That being said, here’s a list of the top 5 casino sites I have reviewed and their sign-up bonuses.
USD Coin online casino alternative | Welcome bonus |
---|---|
Bet365 | A 100% deposit bonus of up to $1000 |
BetMGM | A 100% deposit bonus of up to $1000 |
FanDuel | 200 free slots spins and a 100% deposit bonus of up to $1000 |
Stake.us | 260,000 Gold Coins, 55 Stake Cash, and a 5% rakeback bonus |
Betrivers | A deposit bonus of up to $500 when your first casino wager loses |
When it comes to Sweepstakes Casinos, Stake.us is the only sweepstakes casino platform we recommend that supports the use of USD Coin on its platform.
With this in mind, this section of our USD Coin Casinos guide will provide a summary of Stake.us features, plus, our top Sweepstakes Casinos accepting the best USD Coin alternative payment methods.
Casino name | Welcome bonus | Number of games | Mobile app |
---|---|---|---|
Stake.us | Get a 260,000 Gold Coins, $55 Stake Cash, and a 5% rakeback bonus | 900+ | No |
WOW Vegas | Claim 5 Sweepstakes Coins plus 250,000 WOW Coins | 800+ slots | No |
McLuck | Get 27.5 Sweeps Coins plus 57.5k Gold Coins | 850+ slots | Yes |
Ding Ding Ding | Claim a 38 Sweeps Coins plus 2.6 million Gold Coins bonus | 800+ | Yes |
Fortune Coins | Get 650,000 Gold Coins and 1.4k Fortune Coins | 700+ | No |
High 5 Casino | Collect 250 Game Coins, 600 Diamonds, and 5 Sweeps Coins | 800+ slots | Yes |
Jackpota.com | Get 25 Sweeps Coins plus 57.5k Gold Coins | 700+ slots | No |
Vegas Gems | Claim 1000 Gems plus 50% extra Gems on your first Shards package purchase | 400+ slots | No |
Sweeptastic | Collect 35 Sweeps Coins plus 67,777 Lucky Coins | 800+ | No |
Sportzino | Claim a 1.57 million Gold Coins plus 42 Sweeps Coins bonus | 600+ | No |
This section delves into the best casino apps accepting USD Coin alternatives.
Bet365’s casino app is our first choice as one of the best casino apps. This app operates perfectly (and sometimes even better) as this operator’s casino website. For starters, it doesn’t lag, as the case is with other casino apps. Players can also access all the features, like the payment methods available on the Bet365 official website, on this app. Most importantly, they work perfectly, which is another significant advantage. You can download it on the iOS Apple Store and Google Play Store.
I’m also impressed by the BetMGM app, which operates with ease, making it easy to enjoy casino gaming on the go. I was able to access all this betting platform’s features, including the payment methods, on this app. Not only was I able to access them, but I was also able to use them without any challenges, as the app loaded easily. This app is available for download on the Google Play Store and iOS Apple Store.
I was impressed by how easy it was to use this app because of its simple interface. Its features, like the deposit and withdrawal sections, worked really well, just as they would in the official Betrivers casino app. You can get this app on the iOS Apple Store and Google Play Store.
USD Coin is a stablecoin, a cryptocurrency backed by the US dollar. USDC is popular mainly because of its stability against the US dollar. To put it into more context, 1 USDC is always worth 1 US dollar and vice versa, which is considered more stable.
One unique aspect of USDC is that it isn’t put back to circulate among users (otherwise known as minting) like other cryptocurrencies such as Bitcoin.
Once again, here’s a brief breakdown on how to obtain USDC:
This wouldn’t be a complete USD Coin casinos guide if I hadn’t talked about its history.
Center, a consortium co-founded by Coinbase and Circle, developed USD Coin in 2018. They created this cryptocurrency in an attempt to provide more stable cryptocurrencies. It was then officially launched later that year, on September 26th.
USDC is a safe payment method because its transactions are encrypted. So, unauthorized individuals would find it challenging to obtain that information. It also doesn’t require your confidential information, such as your banking details. Lastly, the transaction process using USDC is fast, taking a couple of minutes maximum.
However, I still advise you to be careful when depositing funds and withdrawing your winnings using this payment method. Here are a couple of safety tips to keep in mind:
We’re always very keen when it comes to reviewing online casinos here at theGruelingTruth.com. We go above and beyond, reviewing all the critical features that make or break a casino platform. Here’s a look at the criteria we use when reviewing online casinos:
When picking out the alternatives that can substitute this payment method, I mainly look at the alternative option’s speed, affordability, and security. That being said, here are the alternatives to USD Coin.
Venmo works just like USD Coin, making it a perfect alternative. This payment method facilitates instant money transfers, just like USD Coin. It’s also secure, as it doesn’t require banking details during the transaction process. While it charges 1.5% of the amount before the transaction, it is still a great USDC alternative. The good thing is that we have reviewed a good number of Venmo online casinos on this platform.
PayPal operates like USD Coin and facilitates money transfers within minutes. The process is also secure, as no confidential information like your bank details is required. PayPal has a couple of transaction fees, which distinguishes it from USDC. You can take a look at PayPal online casinos we’ve reviewed.
This concludes our USD Coin casinos guide. I hope it has given you a clearer understanding of how USDC works as a casino payment method. While USDC is a highly secure payment option, I still insist on keeping your confidential information, such as your crypto exchange wallet details, private. Don’t share your information with anyone on or outside the casino site.
To deposit USDC to use on an online casino site, all you have to do is head to the deposit section of the casino platform and select USDC as your preferred payment method. Then, follow the steps to transfer your USDC from your crypto exchange wallet to your online casino account.
Yes, you can transfer the USDC you’ve won while playing on a casino site to your bank account. However, in most cases, you first have to transfer it to your crypto exchange wallet before sending it directly to your bank account.
Depositing and withdrawing USDC to and from your online casino site is free. But, you may incur charges when exchanging it for fiat currency.
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