Online slots are a fantastic way of playing your favourite games, and there is no reason why you shouldn’t be able to do so. However, one thing that can make or break the experience is how much money you end up spending on them (and this applies to all slot machines). If you have limited funds but still want to enjoy some online slots action, then it’s best to learn more about how to pay for online slots rather than leave yourself stuck in a financial rut.
One of the most important things to know when you’re looking at different ways to play slots online is what kind of payment methods are available. There are two main types of payment methods, namely credit cards and cryptocurrencies. With each method comes its own benefits and drawbacks, which we’ll discuss below.
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Credit card payments
Credit cards can be used to buy real-money items from online retailers – including video games! This has been made possible by companies like NetEnt, who allow players to use their credit cards for purchases with the click of a button. Some people aren’t keen on using their credit cards because they feel that they don’t get a good deal of value out of them compared to cash. That isn’t necessarily true, though. The main difference between credit cards and cash is that, while you will only ever spend as much as you have on any given purchase, with credit cards you can easily go over. When you go over your limit, the company responsible for the card will charge an extra fee, which will add to your bill.
If you’re worried about going over your spending limit, you should definitely look into getting an Amex Gold Card. These cards come with a number of perks, such as free airline tickets and free rental cars, but they also have lower fees than standard cards. You can find out more information about these cards here. They work just like regular credit cards, except that they offer greater rewards.
The other option when it comes to paying for online slots is to convert your funds to cryptocurrency. This is a digital currency that has become popular in recent years due to its ability to perform transactions quickly and cheaply. Cryptocurrencies are essentially digital versions of physical currencies, and they are not regulated by central banks or governments. As such, they tend to fluctuate wildly in value.
For example, Bitcoin was worth around $5,000 per coin back in 2010, before skyrocketing to nearly $20,000 by 2017. Other coins like Ethereum and Ripple are also experiencing huge price jumps and fluctuations, although most fall within the same general range.
As you might expect, cryptocurrencies have been subject to high levels of scrutiny in recent months. In March 2018, the SEC banned initial coin offerings (ICOs), which are a form of crowdfunding in which investors contribute new coins in exchange for existing ones. ICOs were incredibly popular in 2017, but the SEC believes that they could pose serious risks.
In order to use cryptocurrency to fund your online slots game account, you’ll need to set up an account on an exchange. Once you’ve done this, you’ll need to transfer the amount of money you want to invest into your account. Then, you can take that sum of money and trade it for your chosen cryptocurrency (it may be necessary to first buy some Bitcoin if you don’t already own some).
Once you’ve got your hands on your desired coins, you’ll need to head to your desired website where you can redeem them for credits. It’s usually pretty straightforward – simply enter the amount of cryptocurrency required, select the site you’d like to use, and wait for the process to complete.
This means that you don’t actually have to worry about converting cryptocurrency into fiat currency – instead, you’ll receive actual points that you can use to fund your account. Many sites, however, will let you use the system without having to buy any cryptocurrency at all, making it easier to start.
Which method is right for you?
There’s no perfect answer to this question, since it depends entirely on your personal situation. For instance, while you may prefer the security of using a credit card, you might find it difficult to manage your finances if you don’t have access to one. And, while you might prefer the simplicity of cryptocurrency, you might find it too confusing if you don’t know enough about crypto trading.
That said, it’s likely that you’ll benefit from using both options, depending on the nature of your budget. If you’re willing to accept the risk of losing some of your money, then you could consider buying cryptocurrency on exchanges so you can play slots without worrying about running up your credit card balance. Alternatively, if you have a stable job and plenty of savings, then you might choose to rely on credit cards and save any cryptocurrency you earn for later.
Whatever method you decide to use, there’s no reason to get frustrated if you run into problems. Just follow the instructions provided by any reputable website, and you’ll soon be enjoying online slots games again.