Bitcoin coins falling with a stack on a fiery red and black background.

The crypto bros finally got you to buy in and then the bottom dropped out of the market! What’s a person to do? Put the bleach down. It’s going to be ok! The market has seen volatility before and unfortunately, we’re going through it again. The good news is, the long term prospects for your crypto casino funds are good.

Just like any asset class, if you can weather the storms, you’ll be ok over the years. The worst thing you can do is freak out when prices drop and sell. That locks in your losses and leaves you with a negative financial impact that’s totally avoidable. If you’ve been crypto betting with Bitcoin, it’s going to be ok. The key strategy at a time like this is to hunker down, hold your coins (also known as “holding”), and let diamond hands turn the coal back into gems.

We’re all going to be ok. It’s just going to take some time.

Here’s a few things to keep in mind when playing with crypto:

Tip 1: Exchange your withdrawals faster

When you’re crypto betting with Bitcoin and you have a great day, you might decide to withdraw your winnings. We love to see Ignition Casino big winners living their best life thanks to a huge score! But if you withdraw Bitcoin and leave it in crypto at all times, you can get hit by volatility.

When you make a withdrawal, take a moment to think about whether you want your funds in crypto form. If you’re looking to use your money, or you think the market is headed in the wrong direction, send them to your crypto exchange wallet ASAP. Then, you can convert them to US dollars or whatever your preferred currency may be. This locks in current crypto prices and shields you from decreases in relative value.

Tip 2: Use multiple crypto methods

Not every currency is created equal at our crypto casino. In fact, the reason many coins exist is because platform creators wanted to improve transaction speeds, lower fees, or improve on leading coins in some other way. Because we understand that players may each have their own preferences, we support a number of cryptocurrencies – not just Bitcoin.

At the time of this writing, we accept Bitcoin SV, Bitcoin Cash, Litecoin, Ethereum, and USD Tether. We’re always evaluating popular crypto coins for inclusion on our list. As technology advances, so does Ignition Casino and our players.

There’s two good reasons for diversifying your coins. One is to reduce risk. If one coin is struggling, others may not be hit as hard. This can help you avoid losses.

The second reason is fees. Some coins feature very low fees, and this can help reduce financial issues when a coin is declining in value.

Any good crypto casino offers players options!