How to use Skrill and crypto to play Mega Moolah
Being a fan of the Mega Moolah video slot makes you part of a rather large and enterprising group of people. Online gamblers the world over play Mega Moolah on a regular basis in hopes of being one of the lucky Mega Jackpot winners.
You are one of them. But recently you've run into a snag: you want to play using your cryptocurrency tokens, but your new favourite online casino doesn't directly except crypto. Now what?
There is a way to use your crypto to make a casino deposit by first running it through an online payment service or digital wallet. No, this is not money-laundering. It is simply exchanging your digital assets for fiat currency, then making a fiat deposit at your casino. The system still allows you to use your crypto assets for gambling online without requiring you to make a deposit using your credit card or bank account.
One of the best ways we found to do this is with the Skrill payment service. Skrill is a UK company that acts as a combination payment gateway and digital wallet service offering a range of products including prepaid cards and cryptocurrency transactions. It is the crypto aspect of Skrill's business that we are interested in for the purposes of this post.
Buy and sell crypto on Skrill
Skrill would still be a great payment service even if you never dabbled in cryptocurrency. The fact that they have recently added crypto services just makes them better. With either a new or existing Skrill account, customers can now buy crypto, sell it, or exchange it with ease. Better yet, users have access to 40 fiat currencies.
Scroll currently supports the following cryptocurrencies:
- Bitcoin Cash
- Ethereum Classic
- 0x (ZRX)
If it helps you to better understand what Skrill is doing, think of it as a currency exchange service. When you exchange your native fiat at the airport on your way to your annual holiday, you are essentially purchasing cash needed for the country you are visiting. You do the same thing on your return home. Any leftover holiday money is exchanged for your native currency through an airport exchange or a shop near your home.
You are doing the same thing with Skrill when you buy and sell crypto. The biggest difference is that while airport exchanges are unlikely to deal in cryptocurrency, Skrill does - along with 40 different fiat currencies to boot.
Getting started with crypto and Skrill
Getting in on the action at Skrill requires you have an active account. If you don't have one, you can sign up for free. From there, you have multiple options. Your first option is to transfer fiat currency into your account so that you can begin buying crypto.
If you already own one of the seven cryptocurrencies Skrill supports, you can transfer it into your Skrill digital wallet. Then you can use it to buy any of the other supported coins you might be interested in. You could theoretically diversify all the money in your Skrill account so that it covers each of the seven coins.
Making a casino deposit at Grand Mondial Casino
All of this is well and good, but how does it translate into using cryptocurrency to play Mega Moolah at a casino that doesn't accept crypto payments? Go back and think of the currency exchange illustration.
Think of your online casino as a foreign country that does not accept your fiat as payment for goods and services. That is the reason you exchange your own currency for holiday money, right? You do the same thing on Skrill. You convert some of your crypto assets into one of the supported fiat currencies, then make your deposit at the casino.
Let's say you plan to gamble at Grand Mondial Casino and take the 150 Chances to Win Mega Moolah offer. That casino, and the others in the same Canadian portfolio, do not accept crypto deposits. But they do accept Skrill transfers. So you would simply go to the banking options on the site, choose Skrill, and make your deposit that way. Money is instantly transferred from your Skrill account to your casino account.
Yes, this is an indirect way to use your Bitcoin to play Mega Moolah. But you are still using crypto to gamble either way. It is just that you are using an exchange service of sorts to make the connection between your crypto assets and your gambling account.
Welcome bonuses are yours to enjoy
One of the things that causes online gamblers internal conflict is deciding which welcome bonuses to take advantage of. It seems like every online casino has some sort of bonus these days, and it is natural to want to take advantage of all of them. Even Grand Mondial Casino has a great bonus that is hard to pass by.
You previously might have been willing to cut Grand Mondial Casino loose because they don't accept direct crypto deposits. But now that you know you can use Skrill to exchange your crypto for fiat, Grand Mondial Casino's welcome bonus is yours to enjoy.
That welcome bonus offers you 150 Chances to Win Mega Moolah. Remember that Mega Moolah offers a different kind of Jackpot game. Rather than having to land five like symbols on a given payline, Mega Moolah randomly awards chances to play for one of the jackpots during standard play. That means every spin of the reels gives you an equal chance at Jackpot play compared to everyone else.
So how does it work? You sign up at Grand Mondial Casino and make your first deposit of just £10 (or $10, €10) through Skrill. The casino adds bonus cash to increase your bankroll to £37.50. That's enough money to spin 150 times based on a 0.25 credit wager.
Playing for the Mega Moolah jackpot with Bitcoin
Using Skrill, you can convert your Bitcoin tokens and use them to play for the Mega Moolah jackpot. A lot of people already do, given that bitcoins are among the most frequently traded crypto coins on the market. At the time of this writing, you would need to convert 0.0033 BTC in order to get the £10 you need to take advantage of the Grand Mondial Casino welcome bonus.
Note that at time of writing a single bitcoin is worth £3,023.13. You are not talking single coins here for the purposes of online gambling. Rather, you're talking smaller denominations. The small amounts you would need for this sort of transaction would be represented as microBitcoins (uBTC).
Playing for the Mega Moolah jackpot with Bitcoin Cash
Bitcoin Cash (BCH) was the first fork of the original Bitcoin platform. It is still linked to Bitcoin in some ways, though it is an independent cryptocurrency. Its value is significantly less at just £112.23 when this article was written. In order to receive £10 through a Skrill sale, you would need to convert 0.089 BCH.
Playing for the Mega Moolah jackpot with Ether
Some people confuse Ethereum with Ether, so let's clear up that confusion first. Ethereum is a blockchain platform that can be used for a variety of purposes ranging from cryptocurrency to building web apps. It is not cryptocurrency itself. Rather, the cryptocurrency associated with Ethereum is known as Ether (ETH).
At the time this article was written, a single ETH coin was worth £112.87. You would need to convert 0.089 ETH in order to get £10 in return at Skrill. Then you could use that fiat to take advantage of Grand Mondial Casino's welcome bonus.
Playing for the Mega Moolah jackpot with Ethereum Classic
Ethereum Classic (ETC) came about when a vulnerability in the original Ether platform was discovered. That platform was hard forked to create what we now know as Ether. The original platform was fixed and renamed Ethereum Classic to differentiate it from the new Ether.
ETC currently trades at £3.602, so you would have to convert approximately 2.8 ETC to get the £10 you would deposit at Grand Mondial Casino.
Playing for the Mega Moolah jackpot with Litecoin
Litecoin (LTC) is a fork of the Bitcoin core and one of the few cryptocurrencies experts expect to compete with Bitcoin over the long term. Right now, it is trading at £39.39. To get £10 so you can play Mega Moolah, you would have to convert 0.25 LTC.
Playing for the Mega Moolah jackpot with XRP
XRP is the digital coin associated with the Ripple payment system. Like Ethereum, Ripple did not start out as a crypto-exclusive system. It was an electronic payment system first. The digital coin came after that. At any rate, XRP currently trades at £0.754. You would need to exchange 39.02 XRP to get £10.
Playing for the Mega Moolah jackpot with 0x (ZRX)
0x (ZRX) is the last of the cryptocurrencies supported by Skrill. The 0x platform is like Ethereum and Ripple in the sense that it is not exclusively a monetary system built around a coin. Rather, 0x was developed as a truly decentralised cryptocurrency exchange. In order to make the exchange work, developers introduced the ZRX token.
ZRX is currently worth £0.19. You would need to exchange 52.50 ZRX to get £10 in return. You could then transfer that money to Grand Mondial Casino through Skrill.
As you can see, it is possible to use cryptocurrency to gamble on sites that don't accept crypto deposits directly such as the popular Grand Mondial Casino. You just have to find a supported electronic payment system or digital wallet capable of making the exchange for you. We recommend you check out https://www.skrill.com/en/transfer-money/skrill-cryptocurrency/ if you are looking for such a service.
Byline: This article was published by Mega Moolah expert Henry. Media and other enquiries.
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