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There’s no denying the fact that online casino players have started preferring the use of cryptocurrencies over any other method for their deposits and withdrawals, and with Skinsback, they get to use multiple digital currencies via one single account. This unique payment processor supports some of the most used and popular cryptos and allows you to use them to fund your online casino account and cash out winnings from. The solution came to be in a pretty interesting way, so make sure you stay with us to learn as much as you can about it, to eventually give it a try yourself. What is Skinsback and why choose it over any method across online casinos?
About Skinsback
Trading Space Pte. Ltd. is a Singapore-based company that decided to leverage a popular trend in the gaming industry and capitalize on it by creating a payment processor that many would like to use. But when you see how Skinsback's story began, you’ll understand why we introduced it as a solution that came to be in a pretty interesting way.
We have to start the story by explaining how eSports, a new-age sport that appeared several years ago, influenced the creation of this payment processor. So, if you know anything about eSports, you know that it is a sport where gamers play video games and make a living from them. CS: GO, Fortnite, and Dota are some of the most popular video games that players compete in, and spectators love watching them play. And these are the games with an ever-growing popularity that have even inspired a new form of gambling, eSports betting.
Now, these games have these so-called skins, in-game items that players can with throughout the gameplay, exchange between them or even purchase for a certain amount of money. The skins represent the characters' outfits or the appearance of their weapons/equipment/tools. As soon as they were introduced, the skins were a hit with players, and that's why today, there's a huge list of licensed skins that we know of, and are available to players. Thanks to their popularity, they’ve become collectible items and with time, they’ve even become an independent digital currency.
This brings us to the payment processor we’re interested in here, Skinsback. As implied by its name, the company behind it decided to capitalize on the popularity of the skins, and at first, created the platform so that skins can be purchased and exchanged on it, but then further improved it, and today, you can make all kinds of crypto transactions with it over the internet, in multiple popular cryptocurrencies, and even make online casino deposits and withdrawals with it.
Given the fact that it facilitates crypto transactions, the solution is available to anyone, globally, and that’s actually why it has managed to get listed as a payment method across a decent number of online casinos that support crypto. If it sounds like a solution you’d like to try, make sure you continue reading to figure out how to get started with it.
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Getting Started with It
No matter whether you’ve never used crypto or you’re a pro in the field, you will see that Skinsback is extremely effortless to get started with and use. Considering it functions just like any other crypto wallet, as it is a payment processing platform, so, what you would need to do to get started with it is to register an account with it. But first, you need to have some coins in your possession in order to be able to start using it immediately after you create your account with it.
So, find yourself a suitable crypto exchange platform. Most of these exchanges are offered to users from all across the world, so any would do. Plus, most of them accept mainstream currencies, so you might even be able to purchase your coins using your native currency. Speaking of the coins, you should keep in mind that the solution supports popular cryptos like Bitcoin, Ethereum, and Tether, so make sure you purchase one of these, using the payment methods the exchange platform offers, in the currency of your preference.
Assuming the purchase was successful, it’s time to transfer the coins to your Skinsback account. You will be prompted on how to create the account once you access its official website. Once the account is ready, you'll get the needed address/key to paste into the designated field on the exchange platform and successfully transfer your coins.
The minute you have them on your account, you can start using them across any online casino that accepts the solution. On that note, we mentioned that the solution is already an option across a decent number of sites, great sites that offer exceptional online casino game content. Therefore, stick with us to learn how to use it across these sites for the most effortless deposits and withdrawals out there.
How to Deposit at Online Casinos with Skinsback?
It is important to know that the solution only appeared a few years ago and that’s why it has not yet reached its peak across the online gambling industry, but it’s slowly getting there. For the time being, you will find at least a dozen online casino sites that offer it, which is still a decent number, to explore in hopes of finding the one for you to join.
The minute you find your winner, create a player account with it. To fund that account with Skinsback, follow these easy steps:
- Head over to the Banking/Cashier page once you access your player account.
- Find the Deposits section and locate Skinsback’s logo on it.
- Press it and you’ll see the casino’s wallet address in the pop-up; copy it.
- Go to your wallet account, and select the coin you wish to use and the amount you wish to transfer.
- Paste the casino’s wallet address where needed and confirm the transaction.
- In an instant, the coins will reach your casino balance.
How to Withdraw Winnings with It?
The solution functions perfectly for fast withdrawals, too, as we mentioned. Basically, the procedure is no different than the depositing one, so you shouldn’t have any issues with requesting your withdrawal.
This time, you need to look it up in the Withdrawals section once you get to the Banking/Cashier page and select it. Then, you’ll need to copy your wallet address and paste it in the designated field, right after you specify how much you wish to cash out. Your winnings will arrive immediately after you get the operator’s approval, which in return, can happen anywhere between 24 to 48 hours, as that’s how long operators usually take to approve or deny the withdrawal.
Fees and Limits
If you go through the Agreement page on its official website, you will see that the solution charges no fees to users for exchanging skins or funds.
Therefore, regardless of whether you're making a deposit or a withdrawal with it, or both, you won't be charged any fees whatsoever on its part. But, the exchange platform you join will charge a small conversion fee for your purchase, so keep that in mind.
Allowed Countries
We already mentioned that anyone, regardless of country of residence, can use the solution, as it is a solution that facilitates crypto transactions.
Cryptocurrencies are decentralized, that’s true, which makes them global by default, however, bear in mind the fact that some countries do not allow crypto transactions, like China or Russia, so if you’re from any of those countries, you won’t get access to this solution.
Accepted Currencies
Bitcoin, Ethereum, and Tether are just some of the popular cryptos that this solution supports at the moment of writing. We’re sure that others will be added in the future, so don’t despair.
As far as fiat currencies you can use to purchase them at your chosen exchange platform, you can rest assured that you’ll get all the mainstream currencies. These exchanges, as mentioned, can even allow you to use your native currency to purchase your coins, if you’re lucky enough.
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FAQs
Is Skinsback’s official website offered in different languages?
You might be as surprised as we were when we learned that its official website is available in English, naturally, but also in Russian. Russia has banned cryptos and doesn't even allow online gambling and betting, so why the website of this solution that offers skins and crypto trading is available in Russia, it remains a mystery to us, but it is what it is.
Will I find the solution across a large number of online casino sites?
No, actually, you won’t, because the solution was only launched in 2019, so it has not yet reached its peak across the online gambling industry. The competition is huge, especially when it comes to payment processors that offer crypto, however, there’s already a decent number of casinos that offer it, so it is on the right track to achieving more in the future.
Can I top up my Skinsback balance only with crypto, or with fiat currencies, too?
Actually, yes, you can top up your balance with fiat currencies, too. The solution not only accepts crypto, but also VISA and MasterCard for replenishing the balance, so if you’re more comfortable using these, you’re free to do it.
Is the solution active on social media?
Yes, in fact, it is. You will find it on Telegram, LinkedIn, and Twitter, so if you wish to be on track with everything it posts, make sure you follow any of its social media profiles.
Do casino operators have to go through an exhausting registration procedure to be able to offer Skinsback to their players?
No, actually, it is quite easy for them to get started with it. Maybe you’ve noticed, but the official website is all about the merchants that want to offer it to their users, not so much focused on the user. And from what we could see, they just have to register with it and connect to its API. That’s why a decent number of operators have done that, to give it a go and see whether players are interested in using it. Operators do have to pay fees, though, and that’s maybe the reason why not that many are offering it at the moment.