PayHound

Cryptocurrencies have proven to have incredible staying power over the years. That is why many businesses offer them to their users. However, cryptocurrencies are not easy to wrap one’s head around, which is where PayHound enters the picture.

The service provides instant and easy conversion of crypto payments to traditional fiat currencies. PayHound is based in a regulated European jurisdiction, ensuring all of its operations are by the books. Its easy-to-use platform allows casino members to deposit and withdraw with cryptocurrencies, even on websites that do not support it.

Keep reading to learn more about PayHound as a payment method. We discuss everything it brings to the table to determine if it’s the right choice for you.

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About PayHound

PayHound is a Malta-based company founded in 2018. The service aims to make transacting with crypto as secure, easy, and transparent as with fiat currencies. PayHound obtained a Virtual Financial Assets Service Provider license in 2021, making it one of the first regulated entities in this space. The company is positioning itself to become the main partner for any business that wants to implement crypto, and it’s doing so very well.

Target Markets

Cryptocurrencies have no borders, and neither does PayHound! The company works with companies across the globe to deliver the best cryptocurrency experience. That said, it only offers its services to licensed and reputable operators.

Payhound can be used for depositing crypto to online casinos

PayHound Account

You do not need to register an account to use PayHound’s services. Casinos display the cryptocurrencies you can deposit or withdraw, and the company handles all transactions and currency conversions in the background.

How to Deposit with PayHound?

Depositing money through PayHound is fast and easy to do. Log into your online casino account and open the banking or cashier page. There, you will find all cryptocurrencies the website supports listed as payment options. Select the one you want to use, and then follow the instructions on the screen to carry out the transaction. Based on your online casino, you will either receive cryptocurrencies or the fiat equivalent of your crypto deposit.

How to Withdraw with PayHound?

PayHound does a great job of keeping withdrawals as straightforward as possible. Select the cryptocurrency you want from your casino’s banking page and enter how much you wish to cash out. You will also need to enter your crypto wallet’s address or scan a QR code to initiate the transaction.

Transfer Times, Fees, and Security

Cryptocurrencies have lightning-fast transfer times for both adding and removing money. Deposits to your casino balance usually become available immediately. Meanwhile, cashing out takes a couple of hours for the website to process.

PayHound does not require players to pay any fees to use it as a payment method. However, some online casinos may charge you extra for using the service.

The banking option was designed with safety in mind. PayHound adheres to all security standards set by the Malta Financial Services Authority. Additionally, the company safeguards your information following GDPR and the Data Protection Act.