Internet gambling has been surging since this sector’s inception. However, recently, its growth has dramatically accelerated due to widespread internet and smartphone adoption. Current estimates claim that this industry should continue swelling at an annual rate of 11.4%, with blockchain technology also contributing fuel to its rise.
Crypto gambling platforms are now all the rage, with the first such websites appearing in 2011. During that period, they focused mainly on primitive games like ones involving dice rolls. That was due to the technological limitations of the time. The chief allure of these products was the ability for players to verify the fairness of their game results and the ability to reset their random number generators. Nowadays, crypto gambling is available on all forms of interactive gaming products, with most operators concentrating on churning out as many slot casinos as possible.
Before anyone can start their crypto betting journey, they first need a wallet to store the digital coins with whom they plan to test their luck on casino-style products. Below, we list the five best software pocketbooks for this activity. Note that these are non-custodial wallets that give their users 100% control over their cryptos, with no interference from third parties.
Formerly known as Blockchain.info, Blockchain.com spawned out of a beef between the founders of Coinbase, and it is the de-facto choice for most crypto gamblers. Per-user reviews, it is the most recommended option for coin newbies, as it boasts excellent security features and is available in twenty-five languages. Blockchain.com only accepts a limited number of cryptocurrencies, a list that includes the most popular ones like Bitcoin, Ethereum, and Tether. That is due to security reasons. Its team is also working on implementing a stable digital representation of the US dollar called USD Digital.
Exodus is one of the easiest-to-use crypto storing solutions ever. It claims that it is the world’s leading hardware, desktop, and mobile wallet, but we kind of doubt that boastful assertion. Still, despite its relative novelty, we cannot deny that it has amassed a sizable user base. It is the brainchild of Daniel Castagnoli and JP Richardson. The latter is responsible for writing code for many other cryptocurrency products, while the first has design experience working with brands like BMW, Nike, and Apple. Exodus has built-in exchange features, premium customer support, and accepts multiple cryptocurrencies.
Singapore-based entrepreneur and software engineer George Kimionis founded Coinomi in 2014. It is the oldest defi-ready, multi-chain, cross-platform wallet for Bitcoin, altcoins, and tokens with millions of users from all corners of the globe. Coinomi has never been compromised, hacked. Although, in February 2019, a critical security vulnerability supposedly got exposed when a seed phrase got sent to an external service by Google. The Coinomi app is available for all the major desktop platforms and iOS and Android users. It safe-guards users’ privacy without any IP association, transaction tracking, or identity linking. Coinomi supports Segwit, allows custom fees for transactions, and allows the use of over one hundred and twenty blockchains and over one thousand and seven hundred crypto assets.
Blockstream Green Wallet
Here is a name that most casual crypto users likely have not yet encountered. Nevertheless, Blockstream Green Wallet is an open-source online digital asset software that boasts a clean interface, intuitive design. It is one of the most all-around well-polished non-custodial wallets around. This app has gotten translated into eleven languages and supports legacy and Segwit addresses. Custom fees are also an option here, expressed in satoshi/vbyte, set to any value. Note that Blockstream does not provide real-time support, but their team does respond to all emails within a few working days. Also, they are heavily involved in the Bitcoin ecosystem, working on the Lightning Network.
There is no doubt that Trezor is by far the most popular hardware wallet around. Many consider it also to be the safest one. Trezor utilizes a limited USB connection, which means that even if your desktop machine gets infected with malware and your wallet gets connected to it, nothing can happen to your coins. They are completely secure. Moreover, Trezor incorporates an anti-key-logger option that changes the order of a PIN every time a user enters theirs. Despite its reputation for firm security, in 2017, multiple experts exposed vulnerabilities that allowed hackers to access backup passphrases and PINs. Those issues have since gotten fixed. Trezor now implements continuous firmware updates and is a terrific choice for all serious crypto enthusiasts.
To Wrap Up
The wallets listed above should more than do the trick for playing at online casinos. Nonetheless, if they do not suit interested parties for whatever reason, other quality options for internet coin-based gambling are Airbitz, Luno, Lumi, Ledger, BRD, Electrum.org, MyCelium, and the Bread Wallet.