How to Buy Cryptocurrencies on Transak for Online Casino Gambling [Guide]

Home » Payment Providers » How to Buy Cryptocurrencies on Transak for Online Casino Gambling [Guide]

Guide: How to Buy Cryptocurrencies on Transak for Online Casino Gambling

While the emergence of cryptocurrencies kicked off a promising future for finance, only a select few fintech platforms, including Transak, have truly embraced and harnessed the full potential of cryptocurrency in the present.

With your best interests at heart, our team of experts at CanadaCasinoBitcoin has thoroughly evaluated and certified Transak as a reliable platform for crypto purchases. In this article, we will guide you through your first crypto purchase using Transak, ensuring a seamless experience as you enjoy your favorite crypto game titles. Join us as we explore this top-tier Crypto marketplace together.

Leaf 1

What is Transak?

Established in 2018, Transak is a developer integration toolkit that has completely revolutionized the idea of service payments by allowing developers to provide their audience with a seamless crypto payment gateway. In just 5 years of operation, Transak has partnered with over 800 platforms, operates in 150+ countries, and supports 160+ cryptocurrencies. Setting itself apart from competitors like MoonPay, which only enables cryptocurrency purchases, Transak goes beyond by offering a KYC sharing feature for easy onboarding on all compatible platforms.

Completing Your First Crypto Purchase via Transak

During our review of Transak, our major challenge happened to be locating the sign-up modal. Since the platform was designed specifically for developers to integrate a payment gateway on their applications, purchasing cryptocurrency as a user might be a little tricky. However, our team of experts have compiled this first-hand review of the platform to ease you into the onboarding process and funding your crypto gambling portfolio seamlessly. Take the first step to completing your first crypto purchase via Transak with the following steps.

  • Visit Transak’s official website and click on the Buy/Sell Crypto button at the top right corner
Transak
  • Provide your purchase details, choose your fiat payment option, and click on “Buy Now”
Transak
  • Provide your personal third-party Wallet address on the next page. We recommend using Binance, ZenGo, or Trust wallet as your personal electronic crypto wallet.
  • Provide your email address on the next page and click on “Continue.” A verification code will be sent to the provided email address upon clicking continue.
  • Provide the verification code on the next page when prompted, agree to Transak terms and conditions and click on continue.
  • Players will be redirected to a verification page to complete Transak’s KYC verification. The details needed to complete this verification include; Full name, mobile number, address, state, zip code, country, means of identification, and selfie verification.
  • Once the verification is done, players can proceed to choose their preferred local payment option to complete the crypto purchase and the transaction will be completed as soon as payment is confirmed.

Funding Your Crypto Gambling Account

While users have the option to provide their crypto gambling portfolio’s wallet address during the purchase, thereby eliminating the need for a separate third-party crypto wallet, it is also possible to fund their crypto gambling accounts by transferring cryptocurrency from the wallet where it was received. This process involves sending the cryptocurrency directly from the wallet to the crypto gambling account. Here’s how you can fund your crypto gambling wallet using a third-party crypto wallet.

  • Head over to your casino’s deposit page and select your preferred crypto deposit option.
  • Selecting a crypto deposit option will generate a unique wallet address. Copy this address.
  • After generating and copying the wallet address, go to your personal crypto wallet and click on the ‘send’ option. Make sure to select the correct cryptocurrency and avoid sending the wrong one.
  • Paste the casino’s generated wallet address into the recipient field and click on ‘send.’
  • Your assets will be deposited into your crypto gambling account as soon as all network confirmations are completed.

Pros and Cons of Purchasing Crypto Via Transak

Pros Logo
  • Accessibility
  • Impressive range of supported cryptocurrencies
  • Wide variety of fiat payment options Transak operates within regulatory frameworks and complies with relevant Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.
Cons Logo
  • Higher fees
  • Dependency on third-party services

Best Transak Online Casinos

We collected the top 3 Crypto casinos to play online with Transak

First Deposit:
up to 180%

4.8
T&Cs Apply
Make a deposit today and get a massive 180%(up to 20,000BCD) deposit match at BC.GAME crypto casino! Bet now to get BCD in your wallet!

First Deposit Bonus
100% up to 1 BTC + 25 FS

4.8
T&Cs Apply
Create an account. Activate your first bonus on the Deposit page. Make your deposit of at least 1,000 JPY / 10 EUR / 10, 000 KRW / 0.0003 BTC / 0.005 ETH / 10 USDT / 10 USDC. Instantly receive a bonus worth 100% of the amount you deposited (up to a maximum of $ 30,000 or 1 BTC). Activate the 25 free spins you can find on the Promo Code page of your account.

Daily cashback
up to 20%

4.8
T&Cs Apply
Cashback is given on the deposit amount during the previous day from 00:00 to 23:59(UTC). The total amount of received cashback cannot exceed 20% of the total amount of all Player 's deposits.Cashback will be credited daily at 01:00 AM (UTC).4.Wager requirement for cashback bonus is x3.Validity of the cashback is 3 days from its receipt and 7 days after its activation.Cashback will not be credited if the real money loss for the previous day was less than BTC 0.0008 / BCH 0.13 / DOGE 250 / ETH 0.013 / LTC 0.30 / USDT 20 / XRP 33 / TRX 250 / ADA 33 / BNB 0.067.You must have no pending withdrawals in order to claim Daily Cashback.Any abuse in order to obtain a cashback bonus is prohibited; in particular, the use of the opposite bets strategy in table games is prohibited (e.g. simultaneous betting on both red and black in roulette, or other similar bet types).For successful withdrawal of funds gained with a cashback bonus, the Player must meet the wagering requirement for the total amount of deposits made during the day of at least three (3) times (i.e. total wager amount equals the amount of deposits for the day multiplied by 3) no later than 23:59 UTC of the day on which these deposits were made.In the case of detection of the cashback bonus rules abuse or failure to comply with the wagering requirements specified in paragraph 8 of these rules, the Casino may cancel and seize all winnings gained with an active cashback bonus, as well as to confiscate an amount equal to the amount of cashback bonus received.Games contribute differently to bonus wagering. All bets made while playing slots contribute 100% to bonus wagering. Bets made in table games, live casino games, lottery, or other available games contribute 5% to bonus wagering.
Leaf 1

Our Verdict

In conclusion, although Transak primarily caters to developers seeking to integrate crypto payment gateways, the platform has gained popularity among crypto enthusiasts due to the benefits it offers for purchasing cryptocurrencies. With its user-friendly interface and wide range of supported cryptocurrencies, Transak provides a seamless experience for buying crypto assets. While its emphasis on developers may initially pose challenges for individual users, our guide simplifies the process, ensuring a smooth onboarding experience. Transak’s commitment to regulatory compliance, including KYC and AML requirements, enhances security and trustworthiness.

Additionally, Transak’s popularity is further boosted by the perks it provides, making it an appealing choice for crypto enthusiasts. Whether you are a developer or an individual user, Transak serves as a reliable platform for purchasing cryptocurrencies to fund your crypto gambling accounts or for point-of-service payments.

FAQs

Can I use Transak to buy cryptocurrencies for online casino gambling?

Yes, Transak is a reliable platform that allows you to purchase cryptocurrencies to fund your crypto gambling accounts or for point-of-service payments.

Are there any fees involved in purchasing cryptocurrencies via Transak?

Yes, Transak charges fees for its services. However, the exact fee structure may vary, so it’s recommended to check Transak’s website or terms for more information on the fees involved.

Do I need to complete a Know Your Customer (KYC) verification on Transak?

Yes, Transak operates within regulatory frameworks and requires users to complete a KYC verification process. This verification helps ensure compliance with relevant regulations and enhances security on the platform.

New Casinos

First Deposit Bonus
100% up to 1 BTC + 100 FS

First deposit bonus:
100%  up to  €25600 + 100 FS

Daily cashback
up to 20%

Friday Bonus
100% up to $300 + 50 Free spins

© Copyright 2024 Canada Casino Bitcoin
Powered by WordPress | Mercury Theme