Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a electronic currency that uses encryption to ensure security. The main feature of cryptocurrencies is their decentralized nature, which distinguishes them from conventional fiat currencies controlled by national banks. Cryptocurrencies are based on blockchain technology, available to users in the network.

The relevance of cryptocurrencies for players is significant for several reasons: transaction anonymity, fast processing, and freedom from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos enables players to bypass difficulties with banking and government restrictions, as well as increases the degree of privacy for financial operations.

Advantages of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos offers players with a range of benefits that make them an attractive choice for online gambling. This is an important part that deserves attention. Namely:

• Anonymity. One of the key advantages of cryptocurrencies is anonymous transactions. Players can fund their accounts and cash out winnings without sharing personal data. This is especially important for countries with rigid legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than traditional bank transfers. Thus, players can start playing instantly (after making a deposit) and also receive their winnings quickly.
• Fees. Here, everything is handled without intermediaries such as banks or payment systems. Therefore, the fees for cryptocurrency transactions are cheaper than those for using traditional payment methods.
• Reliability. Smart contracts stand guard over security and reliability. They self-execute the terms of transactions, entirely removing the possibility of fraud or technical (banking) errors.
• Transparency. Blockchain technology ensures full transparency of all transactions. That is, each transfer is open and auditable, reducing the risk of fraud since the transfer is easily provable.
• Investment. Cryptocurrencies not only serve as a means of payment but can also act as an investment asset. Their value can greatly increase, so players often receive passive income without being seasoned investors.
• Lack of Control. Cryptocurrencies are not linked to any country or central bank. Vulnerability to political and economic changes is minimized.

TOP-5 Cryptocurrencies for Online Casinos

There are hundreds of cryptocurrencies, but some are particularly popular among online casinos. Some of them distinguish themselves for their exceptional reliability, ease of use, and widespread acceptance. Here are the five top cryptocurrencies that almost every online casino supports:

• Bitcoin (BTC). Bitcoin is regarded as the ""gold standard"" among cryptocurrencies. It is the most well-known and widely used cryptocurrency in the world. BTC is valued for its high level of security, broad recognition, and the ability to conduct large transactions, which is especially valued in the world of gambling.
• Ethereum (ETH). Ethereum holds a special place in the crypto world thanks to the capabilities of its smart contracts. With ETH, you can not only transfer money but also automate many processes and services within online casinos.
• Tether (USDT). This is a ""stable"" currency tied to the US dollar rate. This provides almost no volatility (currency exchange rate changes). This point makes USDT the preferred choice for players who value calm waters over the stormy sea of currency quotes.
• Binance Coin (BNB). The brainchild of the Binance cryptocurrency exchange. Initially, their internal token became widely used worldwide. BNB quickly became a means of payment in many services, including online casinos.
• Toncoin (TON). Initially an internal token of the Telegram messenger. The cryptocurrency reached rapid popularity due to high transaction speeds and small transfer commissions. Now TON is synonymous with an effective and reliable system for transactions in online casinos.

Where to Store Cryptocurrency

Before purchasing cryptocurrency, it's important to determine where to keep it—crypto wallets. The choice of a cryptocurrency wallet depends on many elements, including the supported cryptocurrencies, the level of security, the ease of use of the user interface, and functionalities. Let's look at several wallets for your crypto assets and their attributes.

MetaMask

This crypto wallet is appropriate for keeping BTC, ETH, BNB, and several other cryptocurrencies. It is favored as a web browser extension (Chrome, Firefox, Yandex Browser, etc.) and is also available as a mobile app for iOS and Android. MetaMask has several features that cannot be overlooked:

• Installation. The multi-currency wallet is quickly installed as a browser extension. The installation process is simple and does not require specific technical knowledge. After installation, the user can create a new wallet or restore an existing one using a secret phrase (seed phrase).
• Features. Involves accepting, storing, and transferring cryptocurrencies. You can manage few accounts. It smoothly integrates with decentralized applications on the Ethereum blockchain and other similar networks. This makes MetaMask notably popular among users who actively participate in the DeFi and NFT ecosystems.
• Security. Elevated security level, as the user exclusively controls the keys. These are private keys that are saved locally and are not transmitted externally.

TronLink

The designated storage for the TRON (TRX) cryptocurrency. It is also ideally suited for managing USDT and USDC on the TRC-20 network. TronLink is available as a browser extension, a mobile app for Android and iOS, and in a web version format. In general, it is suitable for every single TRON blockchain enthusiast. It has several features:

• Installation. For the browser, simply visit the Chrome Web Store, find TronLink, and install it to your browser. Smartphone owners download the app from the App Store or Google Play. Just follow the standard procedure for setting up apps on your devices.
• Features. With TronLink, you can not only transact with TRX and TRC-20 tokens, like USDT, but also use dApps on the TRON blockchain. There is a feature to trade one cryptocurrency for another within the wallet itself. You can create and switch between multiple wallets.
• Security. The security of funds is guaranteed by various levels of security and encryption. User keys are kept locally and are not transmitted to external servers. It is enough to create a complex password and keep it secret.

Crypto Wallet in Telegram (@wallet)

Online casinos frequently utilize the benefits of the TON ecosystem, one of the key ones being the crypto wallet built right into the Telegram messenger. This is perhaps the most handy tool for online casino players who use Telegram.

• Installation. To start using the cryptocurrency wallet in Telegram, you need to activate the @wallet bot in the messenger. This can be achieved by finding the bot through the lookup in the app and initiating a dialogue with it. Adhering to straightforward and easy prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users store, send, and get TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This significantly eases the procedure of using cryptocurrency, as it does not require installing additional apps or programs. Transactions here are done in a few clicks, which is particularly handy when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is integrated into the messenger, supplying a adequate security level through the use of advanced encryption methods inherent to the Telegram platform. Without your knowledge, funds will not leave your account, but the main thing is to secure your Telegram account itself.

How to Buy Cryptocurrency

After picking the right crypto wallet, the next step is to load it with cryptocurrency. For this, there are dedicated platforms - cryptocurrency exchanges and crypto exchangers. Each option offers unique services, conditions, and levels of security. Let's start with cryptocurrency exchanges.

Cryptocurrency Exchanges

Crypto exchanges are digital marketplaces where you can buy, sell, and swap cryptocurrencies using multiple fiat currencies or alternative digital assets. The most renowned crypto exchanges offer a wide selection of cryptocurrencies and have solid security measures. Here are some examples of reputable crypto exchanges:

• Binance. The biggest crypto exchange in the world with a vast range of cryptocurrencies and trading instruments. This is where the largest volume of crypto trading occurs. Binance features competitive rates, high liquidity, and numerous trading options, including futures and margin trading.
• Coinbase. Draws in users with its easy-to-navigate interface, making it an perfect option for beginners. It offers immediate buying of cryptocurrencies with fiat money and supports a large number of digital assets. It is distinguished by strict adherence to regulatory standards, adding confidence in the dependability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers attractive rates, quick trades, and sophisticated trading tools. Bybit is ideal for more sophisticated users who wish to employ various trading strategies.

Identity Verification and Geographic Restrictions

To work with crypto exchanges, you need to undergo the identity verification process (KYC), which helps exchanges fight against fraud and money laundering. This process includes submitting a photo of an identity document or other personal information.

It is also important to remember that some crypto exchanges do not provide their services to citizens of certain countries due to local legislation. Always verify the availability of the exchange in your region and clarify the terms of service on the platform or through technical support.

How to Buy Cryptocurrency on a Crypto Exchange

The process of acquiring cryptocurrency on a crypto exchange and subsequently sending it into an online casino consists of several steps.

1. Registration. To begin, you need to pick a crypto exchange and sign up for an account there. The registration procedure usually involves entering basic information such as name, email, and password.
2. Finish identity verification. To comply with regulatory requirements, most crypto exchanges require identity verification. This may involve sending a photo of a passport or another form of ID, and sometimes verifying the address of residence. The process usually takes several days.
3. Deposit funds. After verification, you can deposit fiat money (EUR, USD, RUB) via bank transfer or using payment systems such as debit cards.
4. Purchase cryptocurrency. Once the funds reach your account, you can buy cryptocurrency. Select the desired cryptocurrency and make a purchase order at the current market rate or set your price with a limit order.
5. Send cryptocurrency to the online casino. To start playing in a crypto casino, you need to transfer some of the purchased cryptocurrency to the casino's account. This is done through the withdrawal function on the exchange, providing the casino wallet address.
6. Confirm the transaction and start playing. Verify the information you entered at each step. Once the cryptocurrency arrives in your casino account, you can start playing. Be sure to check any casino bonuses for the deposited amount.

Cryptocurrency Exchangers

For those seeking a simpler way to obtain cryptocurrencies, crypto exchangers are a practical alternative. They usually do not require verification and allow fast exchange of fiat money for cryptocurrency. This is a useful tool for speedy purchases or exchanges of digital assets.

The biggest advantages of crypto exchangers include the lack of registration and verification, which minimizes the entry barrier for new users and speeds up the transaction process. Also, they usually have no strict geographic restrictions, making exchangers accessible to users around the world.

To choose a reliable cryptocurrency exchange service, pay attention to the following aspects:

• Length of operation. Serves as an indicator of the reliability of the exchanger. Extended presence in the market often indicates safety and reliability of the service, as exchangers that have been operating for a long time typically accumulate experience in solving various operational problems.
• Number of users and feedbacks. A critically important aspect when choosing an exchanger. A large number of positive reviews can indicate a positive reputation of the service, a user-friendly interface, and the quality of technical support.
• Fees. Can vary considerably depending on the exchanger, the type of currency, and the transaction amount. High fees can significantly increase the cost of the operation, so select platforms with reasonable rates.
• Payment processing. Can be done either automatically or manually. Automatic processing systems generally provide speedier transactions, while manual management may require more time but offers an additional level of control over the security of operations.

How to Buy Cryptocurrency at an Exchanger

The process of acquiring cryptocurrency through crypto exchangers and depositing into a crypto casino is straightforward and accessible. Below are the steps you need to follow.

1. Choose a Crypto Exchanger. Use the BestChange exchange monitoring service to identify a reliable exchanger with the best rates and feedbacks. The platform displays exchanges with current rates and exchange conditions.
2. Select a Cryptocurrency. Decide on the cryptocurrency you want to purchase. This could be Bitcoin, Ethereum, USDT, or other options suitable for depositing into an online casino.
3. Specify the Currency and Payment Amount. Pick the currency you have (USD, EUR, RUB) and specify the amount you want to acquire cryptocurrency for.
4. Provide the Wallet for Receiving Cryptocurrency. Specify the address of your crypto wallet, to which the acquired cryptocurrency will be sent. Also provide payment information, such as a credit card number or payment system data.
5. Transfer the Funds. Make the transfer of the indicated amount to the account provided by the crypto exchange. After this, the cryptocurrency will be sent to your chosen crypto wallet.
6. Deposit into the Online Casino. Once the cryptocurrency reaches your crypto wallet, transfer the necessary amount to the account at the online casino. You can get the deposit details in the ""Deposit"" page on the casino website.
7. Start Playing and Winning! After the funds are credited to your casino account, you are prepared to start playing. Don't forget to check possible deposit bonuses that can boost your chances of winning.

How to Withdraw Winnings in Cryptocurrency

Withdrawing winnings in cryptocurrency from an online casino to your crypto wallet is a straightforward process, similar to making a deposit but in reverse. Let's see what steps you need to take:

1. Go to the ""Withdraw"" Section. In your profile on the casino website, find the ""Withdraw"" tab.
2. Specify the Amount. Enter the eligible amount you want to withdraw from your gaming balance.
3. Select a Cryptocurrency. Select the type of cryptocurrency in which you wish to receive your winnings. Often, it is the same cryptocurrency in which the deposit was made. If there are no issues, move to the next step.
4. Enter Your Crypto Wallet Address. At this stage, you need to specify the details of your crypto wallet, to which the funds will be sent. Make sure that the address is entered correctly to avoid errors in the transfer. You can easily get the address in the main window of your wallet.
5. Confirm the Transfer. The withdrawal request must be verified by you, depending on the security level set on your account. This might be done through two-factor authentication or e-mail.
6. Receive Your Winnings. After verifying the operation, the money will be sent to your crypto wallet. Processing time may vary depending on the blockchain network load.

Summary

Now you are acquainted with the basics of using cryptocurrency: from purchasing and storing to depositing into an online casino and withdrawing winnings. The first time may bring some uncertainty and nervousness, but over time, the process will turn nearly effortless for you.