By Matthew Kennedy | Updated 1 July 2024

Established in 2014, CoinsPaid is a cryptocurrency payment gateway that enables businesses and individuals to send and receive payments in digital currencies like Bitcoin, Ethereum, and more. The company has its roots in Merkeleon, an Austrian software provider with a decade-long presence in the online auction, marketplaces, and crypto exchange sectors.

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CoinsPaid stands out with its robust security measures. It offers military-grade security for cryptocurrency transactions, boasting a security record of 0% hacks or loss of funds since its inception. The service uses an extensively tested hot wallet system, automated checks, and manual audit processes to ensure the utmost safety.

CoinsPaid is a global solution, available to users worldwide, subject to local laws and regulations around cryptocurrency usage. One of the main advantages of CoinsPaid is its extensive support for a variety of cryptocurrencies. As of my knowledge cutoff in September 2021, CoinsPaid supports over 30 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others, thereby catering to a wide range of cryptocurrency preferences.

Depositing with CoinsPaid at Online Casinos

For online casinos, CoinsPaid presents a convenient, secure, and efficient payment solution. To make a deposit with CoinsPaid at an online casino, you typically need to:

*Select CoinsPaid as the deposit method.

*Specify the amount you wish to deposit.

*You will then be provided with a unique cryptocurrency address to which you can send your coins.

*Confirm the transaction in your cryptocurrency wallet.

*The casino will receive the funds and credit them to your account.

The main advantages of using CoinsPaid at online casinos include:

*Anonymity: Since cryptocurrency transactions do not require personal banking information, users can maintain their privacy.

*Speed: Cryptocurrency transactions are typically faster than traditional banking methods.

*Lower Fees: Cryptocurrency transactions generally involve lower fees than conventional banking transactions.

*Security: CoinsPaid offers robust security measures to safeguard users' funds.

However, there are a few potential downsides to consider:

*Cryptocurrency Volatility: The value of cryptocurrencies can fluctuate significantly, which can impact the value of your casino balance.

*Learning Curve: For those unfamiliar with cryptocurrencies, there can be a learning curve to understanding how to purchase, store, and transact with digital currencies.

*Limited Acceptance: Not all online casinos accept cryptocurrency payments.

In conclusion, CoinsPaid is a secure, efficient, and global cryptocurrency payment gateway. It's an excellent choice for online casino players comfortable with using digital currencies and who value privacy, speed, and low fees. However, potential users should consider the volatility of cryptocurrencies and ensure that their chosen online casino accepts cryptocurrency payments.

Matthew Kennedy

Co-founder & Technical Director at Play Cash Games

Matthew Kennedy co-founded Take Marketing Limited in 2008 alongside Becky Mosley and has worked in the UK online gambling industry ever since. He runs the technical side of the operation, building and maintaining the platforms that power Play Cash Games and the wider Take Marketing portfolio.

Matt's role is hands-on. He writes the code behind the offer feeds, the comparison tools readers use, and the back-office systems that keep every casino listing accurate and current. If you have used a feature on this site, the chances are he built it. He is also responsible for site performance, mobile usability, and the technical SEO that lets a small independent comparison site compete with much larger publishers.

Over 17 years in the industry, Matt has worked directly with affiliate platforms, casino operators, and software providers. He has seen the market move from desktop Flash slots to mobile-first HTML5, lived through every iteration of UK Gambling Commission rules, and built the systems that keep our coverage compliant as regulation evolves. He has a particular interest in responsible gambling tooling and player-fund safety - the parts of the industry most people do not see but that matter most.

Matt is a Companies House registered director (Take Marketing Limited, company no. 07619813) and is based in Lincolnshire, England.

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