Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a digital currency that uses encryption to ensure security. The primary characteristic of cryptocurrencies is their distributed nature, which distinguishes them from traditional government-issued money regulated by central banks. Cryptocurrencies are based on a blockchain system, available to network participants.

The relevance of cryptocurrencies for players is high for several reasons: transaction anonymity, fast processing, and independence from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos allows players to avoid issues with banking and government restrictions, as well as increases the level of privacy for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

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

• Anonymity. One of the key advantages of cryptocurrencies is private transactions. Players can fund their accounts and withdraw winnings without providing personal data. This is especially crucial for countries with strict 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 handled without intermediaries such as banks or payment systems. Therefore, the fees for cryptocurrency transactions are lower than those for using traditional payment methods.
• Reliability. Smart contracts stand guard over security and reliability. They self-execute the terms of transactions, completely eliminating the risk of fraud or technical (banking) errors.
• Transparency. Blockchain technology ensures complete transparency of all transactions. That is, each transfer is open and auditable, reducing the risk of fraud since the transfer is easily traceable.
• Investment. Cryptocurrencies not only serve as a means of payment but can also act 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 tied to any country or central bank. Vulnerability to political and economic changes remains aside.

TOP-5 Cryptocurrencies for Online Casinos

There are thousands of cryptocurrencies, but some are particularly favored among online casinos. Some of them distinguish themselves for their exceptional reliability, ease of use, and widespread adoption. 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 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 valued in the world of gambling.
• Ethereum (ETH). Ethereum holds a special place in the crypto world thanks to the power 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 pegged to the US dollar rate. This ensures almost zero volatility (currency exchange rate changes). This point makes USDT the favored choice for players who prefer calm waters over the stormy sea of currency quotes.
• Binance Coin (BNB). The creation 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 Keep Cryptocurrency

Before purchasing cryptocurrency, it's important to determine where to keep it—digital wallets. The choice of a crypto wallet is influenced by many elements, including the variety of supported digital currencies, the level of security, the convenience of the user interface, and functional features. Let's explore several wallets for your crypto assets and their features.

MetaMask

This crypto wallet is suitable for keeping BTC, ETH, BNB, and several other cryptocurrencies. It is well-known 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 multi-currency wallet is easily installed as a browser extension. The process of installation is easy 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. Encompasses receiving, keeping, and sending cryptocurrencies. You can manage multiple accounts. It seamlessly integrates with decentralized applications on the Ethereum blockchain and other similar networks. This makes MetaMask especially popular among users who actively participate in the DeFi and NFT ecosystems.
• Security. Elevated level of security, as the user solely manages 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 well-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 ideal for all and every TRON blockchain supporter. It has various features:

• Installation. For the browser, simply visit the Chrome Web Store, find TronLink, and install it to your browser. Smartphone owners get the app from the App Store or Google Play. Just adhere to the usual 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 interact with decentralized applications on the TRON blockchain. There is a feature to swap 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 layers of protection and encryption. User keys are kept on the device and are not transmitted to outside servers. It is enough to create a complex password and keep it secret.

Crypto Wallet in Telegram (@wallet)

Online casinos make use of the pros of the TON ecosystem, one of the key 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 enable the @wallet bot in the messenger. This can be accomplished by finding the bot through the lookup in the app and initiating a dialogue with it. Using straightforward and direct prompts, the wallet can be configured 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 streamlines the process of using cryptocurrency, as it does not require adding more apps or programs. Transactions here are finished in a few clicks, which is particularly useful when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is intertwined into the messenger, offering a sufficient level of security through the use of modern encryption methods inherent to the Telegram platform. Without your knowledge, funds will not leave your account, but the key thing is to safeguard your Telegram account itself.

How to Buy Cryptocurrency

After choosing the right crypto wallet, the next step is to load it with cryptocurrency. For this, there are specialized platforms - crypto 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 online platforms where you can acquire, sell, and exchange cryptocurrencies using different fiat currencies or other cryptocurrencies. The most reputable crypto exchanges offer a vast 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 wide range of cryptocurrencies and trading instruments. This is where the largest volume of crypto trading happens. Binance features competitive rates, high liquidity, and various trading options, including futures and margin trading.
• Coinbase. Attracts users with its user-friendly and intuitive interface, making it an perfect option for beginners. It offers direct purchasing of cryptocurrencies with fiat money and supports a vast selection of digital assets. It is distinguished by strict adherence to regulatory standards, adding confidence in the reliability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers competitive fees, fast order execution, and sophisticated trading tools. Bybit is suitable for more sophisticated users who wish to leverage different trading strategies.

Identity Verification and Geographic Regulations

To work with crypto exchanges, you need to complete 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 consider 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 Purchase Cryptocurrency on a Crypto Exchange

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

1. Registration. To begin, you need to select 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. Complete identity verification. To adhere to regulatory requirements, most crypto exchanges require identity verification. This may involve providing a photo of a passport or another form of ID, and sometimes confirming 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 electronic wallets.
4. Buy cryptocurrency. Once the funds arrive in your account, you can buy cryptocurrency. Choose the desired cryptocurrency and set a purchase order at the current market rate or set your price with a limit order.
5. Transfer cryptocurrency to the online casino. To play 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 reaches your casino account, you can start playing. Be sure to check any casino bonuses for the deposited amount.

Crypto Exchangers

For those seeking a easier way to obtain cryptocurrencies, crypto exchangers are a convenient alternative. They commonly do not require verification and permit fast exchange of fiat money for cryptocurrency. This is a convenient tool for quick purchases or exchanges of digital assets.

The main advantages of crypto exchangers include the absence of registration and verification, which lowers the entry barrier for new users and speeds up the transaction process. Also, they generally have no strict geographic restrictions, making exchangers accessible to users worldwide.

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

• Project age. Serves as an indicator of the reliability of the exchanger. Extended presence in the market often indicates stability and reliability of the service, as exchangers that have been operating for a long time often accumulate experience in addressing various operational problems.
• Number of users and feedbacks. A crucial aspect when choosing an exchanger. A high volume of positive reviews can indicate a positive reputation of the service, a convenient interface, and the quality of technical support.
• Commissions. Can differ greatly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can significantly increase the cost of the operation, so choose platforms with competitive rates.
• Transaction processing. Can be executed either automatically or manually. Auto processing systems usually 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 easy and open. Below are the steps you need to follow.

1. Select a Crypto Exchanger. Use the BestChange exchange monitoring service to locate a reliable exchanger with the best rates and feedbacks. The platform lists exchanges with latest rates and exchange conditions.
2. Select a Cryptocurrency. Pick the cryptocurrency you want to acquire. This could be Bitcoin, Ethereum, USDT, or other options suitable for depositing into an online casino.
3. Set the Currency and Payment Amount. Choose 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 Money. Send the funds of the stated amount to the account provided by the crypto exchange. After this, the cryptocurrency will be sent to your indicated 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"" tab on the casino website.
7. Start Playing and Winning! After the funds are transferred to your casino account, you are prepared to start playing. Don't forget to check possible deposit bonuses that can enhance your chances of winning.

How to Withdraw Winnings in Cryptocurrency

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

1. Go to the ""Withdraw"" Page. In your profile on the casino website, find the ""Withdraw"" tab.
2. Set the Amount. Enter the eligible amount you want to withdraw from your casino balance.
3. Choose a Cryptocurrency. Specify the type of cryptocurrency in which you wish to receive your winnings. Usually, it is the same cryptocurrency in which the deposit was made. If there are no difficulties, move to the next step.
4. Input Your Crypto Wallet Address. At this stage, you need to specify the address of your crypto wallet, to which the funds will be sent. Ensure that the address is entered correctly to avoid errors in the transfer. You can easily find the address in the main window of your wallet.
5. Confirm the Transfer. The withdrawal request must be confirmed by you, depending on the security level set on your account. This might be done through two-factor authentication or email.
6. Receive Your Winnings. After confirming 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 familiar with the basics of using cryptocurrency: from buying and keeping to placing in an online casino and withdrawing winnings. The first time may involve some uncertainty and nervousness, but over time, the process will turn almost automatic for you.