Cryptocurrency Wallet for Gambling – Casino Cryptocurrency Wallet ᐉ BitHide

Cryptocurrencies and Gambling

The speed of transactions, as well as anonymity (with the right wallet) make blockchain for casinos - an ideal solution. In this article you will find information on how a cryptocurrency wallet for casinos works and why exactly it is needed. In addition, we will explain why it is important for gambling businesses to find a truly reliable, convenient and privacy-protecting product for accepting deposits from players. The integration of an anonymous payment gateway allows the casino to provide both fast transactions and player privacy, making it an ideal solution for the industry.

Casino Crypto Wallets: What They Are and How They Work

Just deciding to accept cryptocurrency from your customers is not enough. For this you need b2b software, namely a cryptocurrency wallet. It will automatically generate unique addresses to accept funds from anyone wishing to make a deposit in Bitcoin, Ethereum, USDT or other cryptocurrencies.

One of the key aspects of this solution is the ability to efficiently process merchant cryptocurrency payments, ensuring seamless transactions for both the business and its customers.

So, the first thing a wallet should be able to do is to integrate via API with the platform, website, and CRM system. In addition, it should have a comfortable workspace for managing financial flows in crypto coming from different profit centers.

Also, a cryptocurrency wallet should protect the owner's privacy and securely store transaction data. This is especially true for high risk businesses offering bitcoin slots and online casinos.

Why Do Gambling Companies Need a Crypto Wallet?

Because cryptocurrency is liked by gambling enthusiasts. Which means this deposit method will attract new players and make those who are already with you more loyal. Why do betting enthusiasts like cryptocurrency?

• Low transaction fee. This is especially relevant for players from other countries.
• High speed of transaction processing. It depends on the chosen blockchain, but usually the payment is credited in a few seconds.
• The opportunity to make a deposit is more anonymous than with your bank card. Not everyone is ready to openly declare that they choose online casinos as a leisure option.

And in order to accept Bitcoin, Litecoin, Tether or Ethereum, the casino must acquire a dedicated crypto wallet for the business. Here's what users who choose BitHide can do.

Crypto Wallet for Business BitHide: Main Features

API integration

Quick and easy integration via API with a website, platform or CRM system. This is essential for receiving crypto-payments from players.

Payment widgets

Give your customers the ability to pay for your services quickly and easily with a payment widget. In it you can customize:

• user interface, sums, texts and images,
• payment timer,
• exchange rates and network,
• QR code with the ability to copy the address and amount to the clipboard,
• tooltips.

Non-Custodial Solution

Installing the software on your own server. This allows you to decide for yourself whether players need KYC procedure. Of course, the user owns the seed phrase. It is generated at the moment of the first login to the product.

Multi-purses

Creating an unlimited number of wallets and addresses in them. This is convenient for owners of several iGaming brands, for whom cryptocurrency has become a payment option. You no longer have to switch between different tabs and manually monitor the activity of different wallets.

IP address protection

Protecting the privacy of the user and his clients. The wallet implements a unique Dark Wing technology, which is a synthesis of Tor and VPN. Thanks to this technology, a triply changed IP address of the wallet is sent to the node, making it almost impossible to calculate the real one. In addition, data on all transactions are stored on a server controlled by the user and are securely encrypted with a 512-bit key, which is generated at the moment of the first login to the product.

Convenient reports

Create and upload balance reports with fixing the purpose of payments, as well as cryptocurrency rates at the time of receipt. You can upload reports in excel or csv formats. You can create separate reports for each merchant, as well as consolidate them into a common one to analyze the total financial flows.

Auto Withdrawals

You can automatically receive funds to one or different cold storage addresses when the amount on the wallet exceeds the amount specified by the user. Auto withdrawals can be one-time or regular.

Mass inspections

Users can send cryptocurrency to multiple recipients with a single click, simply uploading a pre-generated file with addresses and amounts on a computer.

AML address checks

You can find out in a couple of seconds the percentage of cryptocurrencies with different riskiness on an internal or any external address. In addition, the wallet has built-in notifications about possible malicious transactions. Having encountered a questionable transaction, the wallet's algorithm stops it and requests the wallet administrator's approval to receive it.

Multiuser access

Involve as many employees as needed. Give them access to wallet management according to their roles in the company.

Bitcoin Casino: Crypto Wallet Integration

To start accepting deposits from players on your site with BitHide, leave an application. Our competent employee will contact you and tell you more about all the features of the cryptocurrency wallet. When the software is already installed on your server and the GUI on your computer, you can start setting up your account.

When you first log into the product, a seed phrase and a 512-bit key will be generated for you, which will be used for logging in and for encrypting your transaction history. You will also need to come up with a code. It will also be needed for login and also for confirming important wallet actions. For cryptocasinos, the technologies listed above are critical, as the issue of data and funds security is especially acute for high-risk businesses.

Once the account setup is behind you, you can start integrating the cryptocurrency wallet with the website. Our team will help with this to make the process as comfortable as possible.