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Cryptocurrencies are now popular banking options for online casino players. Payments for digital currencies are fast, safe, and mostly anonymous. One emerging digital currency that’s gaining popularity among casino players is Paxos. Also called the Paxos Standard Token, this stable coin runs on Ethereum.
Make sure to get the best Paxos Casino Bonus!
No matter if you’re using crypto or cash, you deserve to find the best online casino bonuses. But, did you know, crypto casinos can frequently offer better bonuses, because they have lower running costs? Check out all the types of bonus you can look forward to:
Free Spins Every Day with USDP
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No Deposit Bonuses – the Gold Standard
Don’t get us wrong, free spins offers are great, but nothing beats a generous no deposit bonus. After all, you can’t go wrong when you’re not required to spend anything. Just sign-up, opt-in, and you’re good to go.
Paxos Promo Codes for the Win
Talking of old school, how would you like some exclusive promo codes for the best Pax Dollar casinos? No problem, we’ve got you covered. From little treats to big bonuses, just make sure to use them before they expire.
What Exactly is a Pax Dollar Casino?
A ‘Pax Dollar casino’ is simply any online casino that accepts deposits and withdrawals in the Pax Dollar (USDP) stablecoin. They usually support a range of other popular cryptocurrencies, like Bitcoin (BTC) Ethereum (ETH) too, along with fiat currencies.
What is Pax Dollar and is it Safe?
Pax Dollar (USDP) is a stablecoin, pegged 1-to-1 with the US Dollar. It was originally known as Pax Standard (PAX) and launched in 2018 as the world’s first regulated stablecoin. Pax Dollar is an ERC-20 based token, running on the Ethereum blockchain.
Unlike decentralised cryptocurrencies like Bitcoin (BTC) and Ether (ETH), Pax Dollar (USDP) is controlled and developed by a centralised entity, the Paxos Trust Company. It started life in 2012 as the itBit Bitcoin exchange, before changing name in 2015.
Paxos Trust Company backs its USDP stablecoin with cash and equivalent reserves, and also offers Pax Gold (PAXG) – a digital token backed by physical gold. Paxos Trust Company is based in New York and is fully regulated by the Department of Financial Services of New York.
Are Pax Dollar Casinos Safe?
The Pax Dollar is a fully regulated and reserve-backed stablecoin, running on the well-proven Ethereum blockchain. All the crypto casinos recommended by CryptoSpinners are safe. However, as always, you should choose where to play carefully and do research first (like reading the reviews at CryptoSpinners). Because, it doesn’t matter how safe a crypto is, if the casino is dodgy!
Types of Games Available at Pax Dollar Casinos
Love slots, crazy about live casino? Whatever floats your boat, you can enjoy a huge choice of games at our recommended Pax Dollar casinos.
Play Slots with Pax? Sure!
From all-time classics to the latest releases, you’ll find thousands of great slots at these casinos. From fruit machines through to Starburst and Dear or Alive, and everything in between. Don’t forget to try your luck on the progressive jackpots and massive Megaways titles too!
Level Up with Live Casino
Slots are one thing, but have you played live casino blackjack, roulette, baccarat, or poker recently? These games are getting more immersive every week, and now you can enjoy them using Pax Dollar!
Table Games Galore
If you’re partial to a game of poker, relish a roulette wheel, or go barmy for blackjack, you’ll be spoilt for choice. Choose from dozens of different versions, themes, and experience levels, and find the table game that’s perfect for you.
Life’s a Game… Show!
Remember watching Deal or No Deal on TV? Now you can be part of the action in a real live game show! With glamorous hosts, lavish sets, and authentic atmosphere, you’ll be transported to a different world. Why not try Football Studio, Crazy Time, or Monopoly Live too?
How to Use Pax Dollar at a Crypto Casino
How to Deposit Pax Dollar at a Crypto Casino
Right, so you’ve got some Pax Dollar in your crypto wallet, and you want to deposit it at an online casino. Just follow these steps:
- Make sure your selected casino supports Pax Dollar (USDP).
- Open the wallet that contains your USDP (either the wallet provided by an exchange, or a non-custodial wallet).
- Log-in to your chosen Pax Dollar (USDP) casino, and navigate to the deposit page. Copy the unique USDP casino wallet address.
- Back in your crypto wallet, set up a new transfer or withdrawal to the casino wallet address. Make sure you paste the address and double check it to avoid errors. Be sure to include the appropriate memo or tag, if required.
- Confirm the transaction and complete any security procedures.
Pax Dollar transactions are usually complete within minutes, but there can be delays, especially if you are using an exchange-based wallet.
How to Withdraw Pax Dollar from a Crypto Casino
Withdrawing Pax Dollar (USDP) from a crypto casino is essentially the reverse of depositing it. Follow these steps:
- Make sure the wallet you want to withdraw your crypto to supports Pax Dollar (USDP).
- Log-in to your Pax Dollar (USDP) casino account and select withdraw.
- Enter the unique address of the crypto wallet you want to transfer your USDP funds to (always copy and paste addresses to avoid errors).
- Select the amount you wish to withdraw, and confirm the transaction.
- Complete any required security verification.
As with deposits, transactions are normally complete within a few minutes, but there can be delays.
Are Pax Dollar Withdrawals Subject to Fees?
All transactions on the Paxos network incur a small fee, but this is usually just a few US cents and is often covered by the casino.
Troubleshooting Pax Dollar Issues at Casinos
It’s unlikely you’ll run into any problems at a Pax Dollar casino, but if you do, these pointers may help:
- I can’t deposit Pax Dollar to the casino
Make sure the casino actually supports Pax Dollar (USDP).
- I can’t withdraw my winnings
Make sure the wallet you want to withdraw to supports Pax Dollar (USDP).
Have you met any minimum withdrawal threshold?
Did you use a bonus? If so, have you met all the conditions, like wagering requirements?
Ensure you’ve completed any account verification steps for the casino.
- I can’t find out how to deposit Pax Dollar
Most casinos provide clear instructions, but if not, you can refer to the guide earlier on this page. If you’re still stuck, don’t hesitate to contact casino customer support.
- I typed the wrong address
Unfortunately, because all crypto transactions are irreversible, you can’t edit or recall them once initiated. This is why its absolutely critical to use the correct wallet addresses. Always copy and paste addresses, and even so, still double-check before confirming.
- I typed the wrong amount
Again, because crypto transactions are irreversible, you can’t edit them once initiated. You can always make another transfer later to rectify the situation if it was a shortfall.
- I made the deposit or withdrawal a long time ago, but there’s still nothing showing in my account
Pax Dollar transactions are normally very fast, but as with all blockchain networks, congestion or technical issues can cause delays from time-to-time.
Sometimes, you may need to refresh your wallet, or log out and back into your account before funds show.
Check your casino or exchange account to see if the funds have actually left. If they are still there, it’s possible they are being held for security checks. Try contacting customer support for more information.
Pros and Cons of Using Pax Dollar at Crypto Casinos
Thinking of choosing Pax Dollar (USDP) for your online gambling? Let’s see how it compares to other cryptocurrencies and traditional payment methods:
|Runs using the Ethereum blockchain||Some casinos impose minimal fees on payments|
|Using Paxos is safe||Once a transaction is confirmed, it is impossible to reverse it|
|You can deposit without any delay compared to the classic payment method||Only a few casinos accept Paxos|
|Paxos works with almost all bonuses||Paxos’ value is subject to volatility|
Pax Dollar versus Other Cryptocurrencies
Because it’s a stablecoin and centralised, Pax Dollar (USDP) is very different to cryptocurrencies like Bitcoin (BTC), Ether (ETH), and even Dogecoin (DOGE). The main difference being that it is pegged on a one-to-one basis with the US Dollar.
USDP, like other stablecoins such as USD Coin (USDC) and Tether (USDT), offers the convenience, speed, low cost, and security of digital currencies, without crypto’s notorious price volatility. However, it is centralised, so isn’t going to appeal to those who value true privacy and anonymity.
|Cheap Transaction fees||☑️||X||☑️||☑️||☑️||☑️|
Paxos Dollar versus Traditional Payment Methods
Compared to traditional payment methods, like bank transfers and credit cards, Paxos Dollar is considerably faster and cheaper. And, because it’s a fully-backed and US-regulated stablecoin, USDP is every bit as stable as the US Dollar.
However, as with all cryptos, because it offers almost instant transactions, they are irreversible, so payments cannot be stopped or altered once confirmed. This is why it is critically important for all crypto users to keep their credentials secure.
|Cheap Transaction fees||☑️||X||X||☑️||X|
Paxos Dollar (USDP) offers online casino players the convenience of a cryptocurrency, without the volatility. Because it is US regulated, it is very safe and secure, but it doesn’t offer the same kind of privacy as true, decentralised cryptocurrencies. It’s also not as widely accepted as other cryptos in the gaming space, though that will likely change.
All things considered, Paxos Dollar is one of the leading US Dollar pegged stablecoins, and a safe choice for online gamblers.