CoinsPaid Crypto Payment Service
What the service does and its current status
What Is CoinsPaid?
CoinsPaid is a cryptocurrency payment service. Some online casinos have used it to take crypto deposits and send crypto withdrawals.
The service belongs to Dream Finance OÜ, a company based in Estonia. It has two sides. CoinsPaid is the brand linked to personal wallets. CryptoProcessing is the business service that merchants use to accept and send crypto payments.
This page explains what CoinsPaid does, what the company itself says about its current status and what players should check before they use any crypto cashier.
Important update: Dream Finance OÜ says it is not taking on new clients while its application under the EU’s MiCA rules is under review. Existing clients can keep using the service. See the section on current status below.
| Feature | Details |
|---|---|
| Company | Dream Finance OÜ, Estonia |
| Brands | CoinsPaid (wallet) and CryptoProcessing (business service) |
| Service | Crypto payments, exchange and storage |
| Fees | Transaction fees, with free integration for merchants |
| Current status | Application for MiCA authorisation pending; not onboarding new clients |
Current Status of CoinsPaid
The company has published a notice on its own documentation site. It says its application to become a Crypto-Asset Service Provider under the EU’s MiCA rules is still under review. The Estonian Financial Supervision and Resolution Authority is handling the application. The notice says no final decision has been issued.
After Estonia’s transition period for crypto firms ended, the company limited its activity while it waits. It says it is not onboarding new clients, opening new accounts, signing new client agreements or expanding services for existing clients.
Existing clients can carry on using the service under their current contracts. They can also withdraw or transfer their assets, or end the relationship at any time. The company says client assets are kept separate from its own funds.
What this means for players
You do not sign up with a payment processor directly when you play at a casino. You use the cashier, and the casino chooses which processors to work with. A change in the processor’s status may affect which crypto options a casino can offer.
In practice, you should check the cashier at your chosen casino before you deposit. Options can change, and not every casino lists the same crypto methods. If a method you want is missing, look at other options in our banking guide.
Why licensing matters
Crypto payment firms handle large sums and move money across borders. A licence shows that a regulator checks the company’s identity checks, risk controls and safeguarding of funds. The EU’s MiCA rules now set a common standard for these services.
Our guide to online gambling licences explains how regulation works for casinos. Payment firms follow separate rules, but the same principle applies. A regulated company gives you more protection.
What CoinsPaid Offers
Based on the company’s own documentation, the service has several features that attracted casinos.
- Support for a wide range of coins, including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, Cardano, Dogecoin and USDT, plus ERC20 tokens.
- Instant exchange, which converts a customer’s payment into the currency the merchant prefers.
- No rolling reserves, so merchants can withdraw their funds when they choose.
- Cold wallet storage for customer crypto, with a separate hot wallet for automatic payouts.
- Free integration for merchants, with fees charged only on transactions.
- Direct euro bank wire for deposits and withdrawals.
The documentation also says that more than 140 cryptocurrencies can be sent and received within CryptoProcessing accounts. As a player, you will only see the coins that your casino chooses to accept.
Instant exchange
The instant exchange feature lets a casino accept one coin and receive another currency. This protects the casino from price swings. For you, the benefit is that you can pay with the coin you hold, while the casino sees a stable value.
Cold and hot wallets
Cold wallets are kept offline, which makes them harder to attack. Hot wallets are online and are used for day-to-day payments. Splitting funds between the two is a common security practice in the crypto industry.
How Crypto Deposits Work at a Casino
The steps are similar at most casinos that accept crypto.
- Open the cashier and choose a crypto option.
- Select the coin you want to use.
- Copy the deposit address or scan the QR code.
- Send the exact coin on the correct network from your wallet.
- Wait for the network to confirm the payment.
Double-check the address and the network before you send anything. Crypto payments cannot usually be reversed. Some coins, such as Ripple, also need a destination tag or memo. If you leave it out, your funds may be lost.
Withdrawals
Withdrawals work in the opposite direction. You enter your wallet address and the amount. The casino reviews the request, then sends the coins. Casinos still carry out identity checks, even when you use crypto.
Pros and Cons of Paying With Crypto
| Pros | Cons |
|---|---|
| Fast transfers once the casino approves them | Payments are usually irreversible |
| Works across borders without a bank | Coin prices can change quickly |
| Can offer more privacy than cards | Casinos still require identity checks |
| Wide choice of coins at some casinos | Network fees can apply |
Price swings matter more than many players expect. If a coin falls in value while your funds sit in a casino account, you lose out even if your games break even. Many players withdraw promptly for this reason.
For a broader look at the topic, see our guides to crypto gambling questions and Bitcoin casinos.
Choosing a Safe Crypto Casino
The payment method is only one part of the picture. Before you deposit, check the casino itself.
- Look for a valid licence from a respected regulator.
- Read the terms for crypto deposits and withdrawals.
- Check withdrawal limits and processing times.
- Make sure the casino shows clear contact and support details.
- Read independent player feedback on how it handles complaints.
Our casino safety guide covers each point. If a problem arises, read how to handle casino complaints. You can also read our safe casino banking tips for more on protecting your money.
Bonuses for Crypto Players
Some casinos offer special bonuses for crypto deposits. These can look generous. However, they come with the usual rules on wagering, game weighting and maximum bets.
Check whether the bonus is paid in a coin or in a fiat value. Coin prices move, so the value of a coin bonus can change before you finish the wagering. Our guide to casino bonus terms explains what to look for.
Crypto Play Around the World
Crypto rules vary from country to country. Some regions regulate crypto casinos closely, and others do not. Always check that online gambling is legal where you live, and that your chosen casino accepts players from your country.
CoinsPaid Compared With Other Ways to Pay
Crypto is one of several banking options at online casinos. Each method suits a different type of player.
| Method | Speed | Best for |
|---|---|---|
| Crypto via a processor | Usually fast once confirmed on the network | Players who already hold coins |
| Bank card | Instant deposits; slower withdrawals | Everyday use and simple setup |
| E-wallet | Fast in both directions | Players who want to keep card details private |
| Bank transfer | Slowest option | Large amounts |
Crypto suits players who already own coins and understand wallets. If you are new to the topic, a card or e-wallet may be easier. Our guide to popular payment options and our review of Trustly Pay N Play cover two more routes.
Understanding Network Fees and Confirmation Times
Every crypto payment travels over a blockchain network. The network charges a fee, which goes to the miners or validators who process the transaction. Fees depend on the coin and on how busy the network is.
Bitcoin and Ethereum fees can rise when many people use the network at once. Litecoin and Dogecoin usually cost less. Stablecoins such as USDT can run on several networks, so the fee depends on which one you pick.
Pick the right network
USDT exists on more than one network. If you send it on the wrong one, the casino may never receive it. Always match the network in your wallet to the one shown in the cashier.
Wait for confirmations
A casino normally credits your balance after a set number of confirmations. Bitcoin may need several, and that can take a while. Faster coins confirm sooner. The cashier usually shows the rule before you pay.
Keeping Your Crypto Safe
Good habits protect you far more than any single payment provider can.
- Use a wallet you control, and keep your recovery phrase offline.
- Turn on two-factor authentication for your casino and exchange accounts.
- Never share your recovery phrase with anyone, including support staff.
- Send a small test amount before a large deposit.
- Beware of fake support messages that ask you to send coins to a new address.
Scams around crypto are common. A real casino will never ask you to pay a fee in crypto before it releases a withdrawal. If you see this demand, stop and read our guide to casinos without licences.
Frequently Asked Questions
Can I open a CoinsPaid account today?
The company says it is not onboarding new clients while its MiCA application is pending. Check its own notices for the latest position.
Is crypto gambling anonymous?
Not completely. Blockchain payments are public records, and licensed casinos must verify identity. Read our reasons to bet with Bitcoin for the wider picture.
What happens if I send the wrong coin?
Your funds may be lost. Some casinos help with recovery, but many do not. Check the coin and network before you confirm.
Does crypto change the bonus rules?
No. The same wagering rules apply. Some casinos add extra limits to crypto bonuses, so read the terms first. Our page on free spins with no wagering shows what a simpler offer looks like.
Play Responsibly
Crypto can make gambling feel like a game with tokens rather than money. That is a risk. Treat every coin as real money. Our responsible gambling page lists tools and support options.
- Set a deposit limit in your currency, not in coins.
- Take regular breaks.
- Never chase losses.
- Do not deposit funds you need for bills or savings.
If gambling stops being fun, take a break and seek support. Licensed casinos offer self-exclusion and time-outs.
Final Thoughts
CoinsPaid became a familiar name for casinos that wanted to take crypto. Its current notice shows that the regulatory picture has changed, and that the company is restricting new business while it waits for a decision.
As a player, the key step is simple. Check the cashier at your casino, choose a licensed site and use payment methods you understand. The situation may change, so look at the company’s own notices if you need up-to-date details.
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