Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a digital currency that uses cryptography to ensure security. The key feature of cryptocurrencies is their decentralized nature, which distinguishes them from traditional fiat currencies regulated by national banks. Cryptocurrencies are based on a blockchain system, available to users in the network.

The importance of cryptocurrencies for gamblers is significant for several reasons: anonymity of transactions, fast processing, and freedom from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos allows players to avoid issues with banking and government restrictions, as well as enhances the degree of confidentiality for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos offers players with a variety of advantages that make them an appealing 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 top up their accounts and withdraw winnings without sharing personal data. This is especially crucial for countries with rigid legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are processed much faster than conventional bank transfers. Thus, players can begin gaming instantly (after completing a deposit) and also withdraw their winnings quickly.
• Fees. Here, everything is managed without intermediaries such as banks or payment systems. Therefore, the fees for cryptocurrency transactions are cheaper than those for using conventional payment methods.
• Reliability. Smart contracts stand guard over security and reliability. They self-execute the terms of transactions, completely removing the possibility of fraud or technical (banking) errors.
• Transparency. Blockchain technology provides full transparency of all transactions. That is, each transfer is public and verifiable, minimizing the risk of fraud since the transfer is easily provable.
• Investment. Cryptocurrencies not only function as a means of payment but can also serve as an investment asset. Their value can significantly 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 remains aside.

TOP-5 Cryptocurrencies for Online Casinos

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

• Bitcoin (BTC). Bitcoin is considered the ""gold standard"" among cryptocurrencies. It is the most famous 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 appreciated in the world of gambling.
• Ethereum (ETH). Ethereum occupies 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 ensures almost no volatility (currency exchange rate changes). This feature makes USDT the favored choice for players who prefer calm waters over the stormy sea of currency quotes.
• Binance Coin (BNB). The brainchild of the Binance cryptocurrency exchange. Initially, their internal token became popular 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 low transfer fees. Now TON is synonymous with an effective and reliable system for transactions in online casinos.

Where to Hold Cryptocurrency

Before obtaining cryptocurrency, it's important to decide on where to keep it—cryptocurrency wallets. The choice of a crypto wallet is influenced by many elements, including the supported cryptocurrencies, the level of security, the ease of use of the user interface, and functionalities. Let's look at a few wallets for your crypto assets and their characteristics.

MetaMask

This crypto wallet is ideal for holding BTC, ETH, BNB, and many other cryptocurrencies. It is favored as a web browser extension (Chrome, Firefox, Yandex Browser, etc.) and is also accessible as a mobile app for iOS and Android. MetaMask has several features that should not be ignored:

• Installation. The versatile wallet is quickly installed as a browser extension. The installation process is simple and does not require special technical knowledge. After installation, the user can create a new wallet or restore an existing one using a secret phrase (seed phrase).
• Features. Includes accepting, keeping, and sending cryptocurrencies. You can manage multiple accounts. It smoothly integrates with DApps on the Ethereum blockchain and other compatible networks. This makes MetaMask particularly popular among users who take part in the DeFi and NFT ecosystems.
• Security. Elevated security level, as the user exclusively controls the keys. These are private keys that are kept locally and are not transmitted outside.

TronLink

The official storage for the TRON (TRX) cryptocurrency. It is also perfectly designed for handling USDT and USDC on the TRC-20 network. TronLink is accessible as a browser extension, a mobile app for Android and iOS, and in a web version format. In general, it is suitable for each and every TRON blockchain aficionado. It has multiple features:

• Installation. For the browser, simply go to 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 typical procedure for installing apps on your devices.
• Features. With TronLink, you can not only send and receive TRX and TRC-20 tokens, like USDT, but also interact with dApps on the TRON blockchain. There is a feature to trade one cryptocurrency for another within the wallet itself. You can generate and switch between multiple wallets.
• Security. The security of funds is guaranteed by various levels of security and encryption. User keys are held locally and are not transmitted to outside servers. It is enough to set up a strong password and keep it secret.

Crypto Wallet in Telegram (@wallet)

Online casinos frequently utilize the pros of the TON ecosystem, one of the principal ones being the crypto wallet built right into the Telegram messenger. This is arguably the most convenient 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 accomplished by searching for the bot through the search in the app and starting a dialogue with it. Adhering to simple and easy prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users keep, send, and get TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This significantly simplifies the procedure of using cryptocurrency, as it does not require installing extra apps or programs. Transactions here are finished in a few clicks, which is particularly handy when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is intertwined into the messenger, supplying a suitable security level through the use of sophisticated encryption methods inherent to the Telegram platform. Without your knowledge, funds will not leave your account, but the primary thing is to safeguard your Telegram account itself.

How to Purchase Cryptocurrency

After choosing the suitable crypto wallet, the next step is to deposit cryptocurrency. For this, there are specialized platforms - crypto exchanges and crypto exchangers. Each option offers specific services, conditions, and levels of security. Let's start with cryptocurrency exchanges.

Cryptocurrency Exchanges

Crypto exchanges are online platforms where you can buy, trade, and swap cryptocurrencies using multiple fiat currencies or alternative digital assets. The most well-known crypto exchanges offer a vast selection of cryptocurrencies and have solid security measures. Here are some examples of trustworthy crypto exchanges:

• Binance. The biggest crypto exchange in the world with a wide range of cryptocurrencies and trading instruments. This is where the largest volume of crypto trading occurs. Binance features competitive rates, extensive liquidity, and various trading options, including futures and margin trading.
• Coinbase. Captures the interest of users with its simple and straightforward interface, making it an perfect option for beginners. It offers direct purchasing 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 trustworthiness of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers low costs, quick trades, and powerful trading tools. Bybit is suitable for more sophisticated users who wish to employ various trading strategies.

Identity Verification and Geographic Regulations

To work with crypto exchanges, you need to complete the identity verification process (KYC), which helps exchanges prevent fraud and money laundering. This process includes providing a photo of an ID or additional personal details.

It is also important to keep in mind 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 official website or through technical support.

How to Purchase 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 other identification document, and sometimes confirming the address of residence. The process usually lasts a few 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 are credited to your account, you can purchase cryptocurrency. Select the desired cryptocurrency and make a purchase order at the current market rate or set your price with a purchase 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 accomplished through the withdrawal function on the exchange, specifying the casino wallet address.
6. Confirm the transaction and start playing. Double-check the information you input at each step. Once the cryptocurrency arrives in your casino account, you can start playing. Be sure to look for any casino bonuses for the deposited amount.

Crypto Exchangers

For those looking for a simpler way to acquire cryptocurrencies, crypto exchangers are a practical alternative. They usually do not require verification and allow quick exchange of fiat money for cryptocurrency. This is a useful tool for speedy buying 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 generally have no strict geographic restrictions, making exchangers available to users globally.

To pick a worthy cryptocurrency exchange service, pay attention to the next aspects:

• Project age. Serves as an sign of the reliability of the exchanger. Long-term presence in the market usually indicates safety and reliability of the service, as exchangers that have been operating for a long time usually accumulate experience in solving various operational problems.
• Number of users and feedbacks. A crucial aspect when choosing an exchanger. A high volume of positive reviews can signify a good reputation of the service, a convenient interface, and the quality of technical support.
• Fees. Can fluctuate greatly depending on the exchanger, the type of currency, and the transaction amount. High fees can considerably increase the cost of the operation, so select platforms with reasonable rates.
• Transaction processing. Can be executed either automated or manually. Automatic processing systems generally provide speedier transactions, while manual management may take more time but offers an extra 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 simple and open. Below are the steps you need to follow.

1. Choose a Crypto Exchanger. Use the BestChange exchange monitoring service to find a reliable exchanger with the best rates and feedbacks. The platform displays exchanges with latest rates and exchange conditions.
2. Choose a Cryptocurrency. Decide on the cryptocurrency you want to buy. This could be Bitcoin, Ethereum, USDT, or various options suitable for depositing into an online casino.
3. Set the Currency and Payment Amount. Select the currency you have (USD, EUR, RUB) and specify the amount you want to buy cryptocurrency for.
4. Provide the Wallet for Receiving Cryptocurrency. Indicate the address of your crypto wallet, to which the purchased cryptocurrency will be sent. Also provide payment information, such as a bank card number or payment system data.
5. Transfer the Funds. Send the funds of the specified 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 is deposited into 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 deposited into your casino account, you are prepared to start playing. Don't forget to look for possible deposit bonuses that can enhance your chances of winning.

How to Withdraw Winnings in Cryptocurrency

Cashing-out 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 personal account 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. Choose a Cryptocurrency. Specify the type of cryptocurrency in which you want to receive your winnings. Usually, it is the same cryptocurrency in which the deposit was made. If there are no issues, proceed to the next step.
4. Input 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 correct 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 change 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 confusion and trepidation, but over time, the process will turn almost automatic for you.