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Several Ways to Spend Your Casino Winnings

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Gamblers play casino games for the thrill of it, all in all. It’s certainly a way to earn money, but only if you’re into unreliable revenue sources. Frankly, casino games don’t usually provide large profits. On the whole, it’s a decent enough form of entertainment that either detracts from your net worth or sustains it as it is.

But if you happen to earn a few extra bucks on some BTC, ETH or USD Coin dice, for instance, then there are several good ways to spend it.

INVESTING

Investing is the usual activity in the crypto world. You essentially use your money to invest into another, more fast-growing currency. The difference between the cost of buying and the cost of selling will be your profits. You can use the crypto you won to buy another crypto.

There are lots of strategies for crypto investments, but it’s another topic completely. Just note that there the market is currently in a bearish state, where most currencies are decreasing in value long-term. Some are still more than profitable as investment targets, if you choose short-term tactics, like scalping.

GOODS & SERVICES

We are currently in the point in time when you can pay for your goods and services with crypto. This practice has somewhat suffered following you-know-what in 2021, but you can still buy stuff online with crypto & even pay for your meals offline. There are even services, like Coinmap, that show you the closest crypto vendors.

They usually just accept Bitcoin, sometimes Ethereum. If you use other currencies, you can still probably use them to pay online.

CRYPTO PURCHASES

It’s a bit different from the previous example because it doesn’t concern the regular goods and services that you happen to buy on- or offline with crypto money. This one applies specifically to crypto services or services tightly connected to the Blockchain. That includes NFTs, crypto games, crypto software and so forth.

They can be useful if you’re into cryptocurrencies not just as a gambling tool, but also as something to use in your work, project or generally in life. 

CONTINUE GAMBLING

That’s a natural call if you liked your time on one of these crypto casinos. You probably know how it goes there already. But if you decide to go back, feel free to try the other games you played. You could spend some time searching for the best Bitcoin dice by trying them one-by-one, but there are many more game types to explore.

Also, consider not dawdling if you want to continue gambling with the same sum of money, because cryptocurrencies are currently volatile. That is, if you care about these coins losing their value in fiat money. If you don’t, it’s okay. Enjoyment is its own reward, for some.

SELL FOR CASH

It’s probably the least exciting option you have, but it’s still there. You can always just redeem crypto for something you can use more freely and reliably. If you want to sell your BTC for USD (for instance), you ought to do it immediately after the money is withdrawn from the casino.

If you don’t, the coins can fall in value. Chances are, it won’t be too dramatic, but there’s still a dangerously high chance that you’ll just lose money over it.

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Emma Drew

Emma has spent over 15 years sharing her expertise in making and saving money, inspiring thousands to take control of their finances. After paying off £15,000 in credit card debt, she turned her side hustles into a full-time career in 2015. Her award-winning blog, recognized as the UK's best money-making blog for three years, has made her a trusted voice, with features on BBC TV, BBC radio, and more.

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