Using Compound to play casino games doesn’t need to be complicated. This article provides a comprehensive guide on everything you need to know about online betting with COMP. This includes how to buy COMP, how to deposit COMP on the crypto casino, how to play casino games with COMP, how to withdraw COMP winnings from a casino site, and how to find the best and most competitive Compound casino promo and bonus codes online. 

We’ve got you COMPletely covered!

Where are the Best COMP Bonuses and Promotions?

The quality and variety of bonuses and promotions offered by crypto casino sites that accept Compound differ significantly from other casino sites. Most cryptocurrency casino sites provide a range of bonus choices, such as special promotions, new account bonuses, welcome bonuses, and free bets – but they’re usually far bigger and better than traditional casino site bonuses.

The following are some of the bonuses and promotions Compound casino sites provide:

  • Matched deposit bonuses: This type of bonus provides users with a percentage of their first deposit made in an account. For example, a 100% matched deposit bonus will provide a bettor that deposits $500 with an additional $500 bonus cash to bet with.
  • Cash bonuses: This type of bonus usually gives users an introductory cash bonus on their first deposit. For example, a site might offer bettors a $50 or $100 cash bonus on their initial deposit.
  • Reload bonuses: Some sites provide frequent deposits or reloads. These deposits can take the form of free bets, smaller cash bonuses, or smaller matched deposit bonuses. 
  • Free spins: This is one the most popular promos, giving players free spins on COMP slots or COMP roulettes.

When special COMP casino promo codes or bonus codes become available, they can be used to access additional bonuses or advantages. In the table at the top of this article, Coin Clarity provides a list of the most recent best crypto casino sites offering promo codes.

Signing up for a COMP casino VIP club is another efficient approach to gaining additional benefits. Most crypto casinos provide VIP programs that offer players free spins, extra cash, and other bonuses on a point-based or level-based system.

best COMP casinos

How to Deposit Compound at Online Casinos

If you want to start playing and bought COMP on an exchange platform or generated it by staking assets in the Compound protocol, you’ll need to send it to a casino site. To do so, you’ll need to send a Compound transaction.

Unlike traditional bank transfers that can take up to several days and charge high transaction fees, Compound transactions are straightforward. The only bit of information you’ll need to transfer your COMP, just like any other crypto transaction, is your Compound wallet address on the site you want to bet on.

Most crypto casino sites’ “wallet” or “account” section will include wallet information. When you make a new withdrawal transaction from your exchange platform or your Compound wallet, copy your wallet address and paste it into the destination field. The majority of COMP transactions take fewer than 30 minutes to complete.

How do Compound Casino Withdrawals Work?

Once you’re ready to withdraw your COMP winnings from a crypto casino site that accepts Compound, similar to the “How to Deposit” section above, you’ll need to follow a similar set of instructions. If your casino site supports compound withdrawals and deposits, you can request a COMP withdrawal from the wallet section of the site.

To transfer your winnings to your casino address, you’ll need a Compound wallet address. In addition, you’ll need to withdraw your COMP to a cryptocurrency exchange address if you want to sell it for fiat cash or trade it for Bitcoin, Ethereum, or other fiat currencies.

best compound casino games for 2022

You may want to save your COMP winnings for later, therefore, it’s best not to leave your COMP in an online wallet provided by an exchange or a casino site. Using a separate hardware or software crypto wallet rather than a “hot” hosted wallet is typically seen to be significantly safer.

What Compound Casino Games Can I Play?

Crypto casinos that accept COMP are similar to the ones offered by traditional fiat currency casino sites. Once you’ve made your first deposit on a COMP casino, you’ll be able to choose between a variety of different games such as

  • Slots
  • Blackjack
  • Roulette
  • Poker
  • Baccarat
  • Other COMP table games.

COMP casino sites usually offer a vast lineup of slot games, including 3D slots, video slots, and progressive jackpot slots. On top of that, Texas hold ’em, stud poker, blackjack, and European, Japanese, and American roulette are all widely available.

Most COMP casino sites will host regular poker and blackjack tournaments, with most sites offering freerolls as deposit or welcome bonuses. The critical difference between traditional fiat currency casinos and online crypto casinos is the availability of instant withdrawals.

Using Compound to Bet Online: What You Need to Know

The basic steps involved in using COMP to play online casino games are relatively simple if you’ve previously used cryptocurrency or fiat cash to play online casino games. If you’ve followed all of the steps in this article, you’ll have set up a crypto exchange account that allows you to buy and sell COMP, you’ll know how to choose the best COMP casino site, and you’ll learn how to send and receive COMP transactions.

Playing with COMP is a little more complicated than playing with a cryptocurrency like Bitcoin or Ethereum. However, if the site you want to bet on doesn’t accept COMP, it’s straightforward to trade your DeFi coins for BTC on most major exchanges and then bet on any of the casinos listed in the table at the top of this article.

If you’ve never used cryptocurrency to play casino games, there are a few things to consider before getting started. When you bet online, these tips will help you keep your personal information and crypto funds secure:

  • Security: It’s important to remember that if you use crypto to bet or trade online, you’re responsible for the protection of your funds. Always make sure your exchange accounts have additional security measures enabled, such as two-factor authentication (2FA), and only make Compound deposits on reputable exchanges.
  • Anonymity: COMP is a DeFi coin, but not a privacy or anonymity coin – if you use COMP to complete a transaction from an ID-verified crypto exchange account, your transaction may be linked to your personal information.
  • KYC requirements: Some sites have no KYC requirements and offer anonymous crypto betting or KYC-free casino sites. In some situations, however, a site that is required to gather KYC information may ask users who make large withdrawals or payout requests for ID information.
Where to Play Compound Casinos

Frequently Asked Questions:

Q: Are Compound casino sites safe?

A: Users judge COMP casino sites on their safety standards based on payout speed, reviews, reputation, site security, compound sports betting, and others. At the top of this article, you’ll find a list of the safest crypto casinos

Q: Is there a minimum deposit for Compound casino sites?

A: Most casinos do not impose a minimum deposit amount. A deposit of $10 to $50 may be required if a bettor takes advantage of a deposit incentive or promotion

Q: Where can I bet with Compound online?

A: Compound is a relatively new addition to the list of DeFi coins for online betting, but it can bet on both Compound casino sites and Compound sports betting sites

Choosing the Best Compound Casino

Best Compound Bonuses

If you choose COMP to play casino games, you’ll need to create a new account on a crypto casino site that accepts Compound as a banking option. It’s essential to make sure that the site you choose will provide the features you are looking for and cover the markets you want to bet on.

When compared to the number of casino sites that accept cryptocurrencies such as Bitcoin or Ethereum, the number of crypto casino sites that accept COMP is relatively lower but increasing steadily. As a result, if a Compound casino site doesn’t have action on the markets you want to bet on, you may have to exchange your COMP for another cryptocurrency to deposit and play.

For example, many COMP casino sites may not include all casino games and instead focus on live poker, blackjack, or other games. Therefore, it’s best to read over the games available and other features like KYC requirements and payout speed before signing up and placing a deposit.

Check the following elements before you sign up for a COMP casino site:

  • ​​​​Mobile device compatibility: before you start playing casino games from your smartphone or tablet, look for a casino that has a mobile browser version or a specialized app
  • Live assistance: Some websites provide simple email support, while others offer live chat support 24/7
  • Promotions and bonuses: always check for bonuses and promotions; some websites provide competitive bonuses and promotions compared to traditional fiat currency casinos
  • Payout speed: make sure you choose a site that allows you to withdraw your casino winnings instantly. At the tabletop of this article, you can find a list of the fastest paying casino sites

How to Buy Compound

Users can access Compound in a variety of different ways. For example, players can earn COMP coins by staking digital assets in the Compound protocol. Alternatively, most cryptocurrency exchanges allow you to swap cryptocurrencies like Bitcoin or Ethereum for Compound.

If you don’t own any Bitcoin or Ethereum, or if you don’t have any assets staked in Compound, you’ll need to acquire Compound through a cryptocurrency exchange. COMP can be purchased using a credit or debit card directly from an exchange, or you can fund an exchange account with a bank transfer and swap fiat for COMP. Using a bank transfer, however, can take several days.

Buying COMP using a credit or debit card may result in a minor additional card processing cost. Still, it is considerably faster than funding an exchange account with a standard bank transfer, which may take several days. However, the best place to buy COMP will vary, depending on where you live.

If you reside outside of the United States, you can buy COMP with a credit or debit card through Gemini. If you live in the United States, you’ll be able to buy Compound from Binance US instantly.

These steps will guide you to the easiest way to purchase COMP online:

  • Sign up for Binance US If you haven’t already done it
  • Complete the KYC and ID verification requirements to activate card purchases
  • Link your credit or debit card to your Binance US account
  • Instantly purchase COMP with a credit or debit card

If you’ve already purchased COMP, you can use it to fund a casino account or trade it for another cryptocurrency that can be deposited on a crypto casino account. 

You’re now ready to make your first Compound deposit on a casino site. If you already have Compound tokens and wish to play COMP on a site that only accepts Bitcoin or Ethereum, you can trade them on one of the exchanges indicated above.

Key Takeaways

Compound is one of the fastest-growing DeFi cryptocurrencies online and on most major exchanges. Cryptocurrency casino sites that accept Compound provide players with the opportunity to withdraw casino play winnings and reinvest them in the decentralized finance ecosystem. Using DeFi cryptos like Compound allows players to maintain total control over their funds and eliminate intermediaries from the deposit and withdrawal processes.

In addition to providing players with instant withdrawals, COMP casinos also offer benefits that include higher stakes, highest betting limits, higher withdrawal limits, higher deposit limits, bigger and better promos, and bonuses. In most cases, more relaxed KYC rules.