Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a digital money that uses encryption to ensure security. The key characteristic of cryptocurrencies is their decentralized nature, which differentiates them from traditional 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, high speed, and freedom from political and economic shifts. Using cryptocurrencies in online casinos enables players to avoid difficulties 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 provides players with a variety of benefits that make them an attractive option for online gambling. This is an crucial part that deserves attention. Namely:

• Anonymity. One of the major advantages of cryptocurrencies is anonymous transactions. Players can fund their accounts and withdraw winnings without providing personal data. This is especially important for countries with strict legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are processed much faster than traditional bank transfers. Thus, players can begin gaming instantly (after completing a deposit) and also receive 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 traditional payment methods.
• Reliability. Smart contracts ensure security and reliability. They automatically execute the terms of transactions, entirely eliminating the possibility of fraud or technical (banking) errors.
• Transparency. Blockchain technology ensures complete transparency of all transactions. That is, each transfer is open and verifiable, minimizing the risk of fraud since the transfer is easily provable.
• Investment. Cryptocurrencies not only serve as a means of payment but can also serve as an investment asset. Their value can greatly increase, so players often earn 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 thousands of cryptocurrencies, but some are particularly favored among online casinos. Some of them stand out 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 prized 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 tied to the US dollar rate. This provides almost no volatility (currency exchange rate changes). This feature makes USDT the preferred 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 widely used worldwide. BNB quickly became a means of payment in various services, including online casinos.
• Toncoin (TON). Originally an internal token of the Telegram messenger. The cryptocurrency gained rapid popularity due to high transaction speeds and low transfer commissions. Now TON is synonymous with an effective and reliable system for transactions in online casinos.

Where to Hold Cryptocurrency

Before obtaining cryptocurrency, it's crucial to choose where to keep it—crypto wallets. The choice of a cryptocurrency wallet is influenced by many aspects, including the variety of supported digital currencies, the security level, the ease of use of the user interface, and features. Let's examine several wallets for your crypto holdings and their characteristics.

MetaMask

This crypto wallet is suitable for storing 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 multiple features that should not be ignored:

• Installation. The versatile wallet is readily installed as a browser extension. The process of installation is straightforward and does not require specific technical knowledge. After installation, the user can establish a new wallet or import an existing one using a secret phrase (seed phrase).
• Features. Involves receiving, keeping, and sending cryptocurrencies. You can manage multiple accounts. It easily integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask especially popular among users who engage in the DeFi and NFT ecosystems.
• Security. Strong security level, as the user completely controls the keys. These are private keys that are kept locally and are never transmitted outside.

TronLink

The designated 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 appropriate for all and every TRON blockchain enthusiast. 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 get the app from the App Store or Google Play. Just go through 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 engage with decentralized applications on the TRON blockchain. There is a feature to swap one cryptocurrency for another within the wallet itself. You can create and switch between multiple wallets.
• Security. The security of funds is guaranteed by several layers of protection and encryption. User keys are stored on the device and are not transmitted to outside servers. It is enough to set up a strong password and keep it safe.

Crypto Wallet in Telegram (@wallet)

Online casinos frequently utilize the benefits of the TON ecosystem, one of the main ones being the crypto wallet built right into the Telegram messenger. This is perhaps 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 done by searching for the bot through the search in the app and beginning a dialogue with it. Following clear and easy prompts, the wallet can be set up in 2 minutes right in your messenger.
• Features. Users keep, send, and receive TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This considerably eases the procedure of using cryptocurrency, as it does not require installing more apps or programs. Transactions here are completed in a few clicks, which is especially convenient when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is intertwined into the messenger, offering 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 key thing is to safeguard your Telegram account itself.

How to Buy Cryptocurrency

After choosing the appropriate crypto wallet, the next step is to deposit cryptocurrency. For this, there are specialized platforms - cryptocurrency 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 digital marketplaces where you can acquire, sell, and swap cryptocurrencies using different fiat currencies or alternative digital assets. The most renowned crypto exchanges offer a broad selection of cryptocurrencies and have robust security measures. Here are some examples of well-regarded crypto exchanges:

• Binance. The biggest crypto exchange in the world with a wide range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading occurs. Binance features low fees, extensive liquidity, and various trading options, including futures and margin trading.
• Coinbase. Captures the interest of users with its easy-to-navigate interface, making it an ideal option for beginners. It offers immediate buying of cryptocurrencies with fiat money and supports a wide array of digital assets. It is distinguished by strong adherence to regulatory standards, boosting confidence in the reliability 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 experienced users who wish to employ multiple 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 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 regulatory restrictions. Always verify the availability of the exchange in your region and confirm the terms of service on the official website or through technical support.

How to Purchase Cryptocurrency on a Crypto Exchange

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

1. Registration. To begin, you need to select a crypto exchange and create an account there. The registration procedure usually involves entering basic information such as name, email, and password.
2. Finish identity verification. To adhere to regulatory requirements, most crypto exchanges require identity verification. This may involve submitting a photo of a passport or another form of ID, and sometimes confirming the address of residence. The process usually requires a few days.
3. Deposit funds. After verification, you can deposit fiat money (EUR, USD, RUB) via bank transfer or using other payment methods such as electronic wallets.
4. Purchase cryptocurrency. Once the funds reach your account, you can purchase cryptocurrency. Pick the desired cryptocurrency and make 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 send some of the acquired cryptocurrency to the casino's account. This is accomplished through the withdrawal function on the exchange, indicating the casino wallet address.
6. Confirm the transaction and start playing. Ensure the information you input at each step. Once the cryptocurrency arrives in your casino account, you can commence play. Be sure to look for any casino bonuses for the deposited amount.

Cryptocurrency Exchangers

For those looking for a more straightforward way to obtain cryptocurrencies, crypto exchangers are a handy alternative. They commonly do not require verification and allow quick exchange of fiat money for cryptocurrency. This is a convenient tool for speedy buying or exchanges of digital assets.

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

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

• Project age. Serves as an sign 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 solving various operational problems.
• Number of users and feedbacks. A vital aspect when choosing an exchanger. A high volume of positive reviews can signify a positive reputation of the service, a easy-to-use interface, and the quality of technical support.
• Commissions. Can vary considerably depending on the exchanger, the type of currency, and the transaction amount. High fees can significantly raise the cost of the operation, so select platforms with reasonable rates.
• Payment processing. Can be executed either automatically or manually. Automatic processing systems typically provide faster transactions, while manual management may require more time but offers an extra level of control over the security of operations.

How to Purchase Cryptocurrency at an Exchanger

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

1. Select a Crypto Exchanger. Use the BestChange exchange monitoring service to identify a reliable exchanger with the best rates and feedbacks. The platform lists exchanges with up-to-date rates and exchange conditions.
2. Select a Cryptocurrency. Pick the cryptocurrency you want to acquire. This could be Bitcoin, Ethereum, USDT, or various options available for depositing into an online casino.
3. Set the Currency and Payment Amount. Select the currency you have (USD, EUR, RUB) and indicate the amount you want to acquire cryptocurrency for.
4. Provide an Account for Receiving Cryptocurrency. Provide 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. Make the transfer of the stated amount to the wallet 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! 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 increase 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 personal account on the casino website, find the ""Withdraw"" tab.
2. Set the Amount. Enter the eligible amount you want to withdraw from your gaming balance.
3. Choose a Cryptocurrency. Select the type of cryptocurrency in which you want to receive your winnings. Often, it is the same cryptocurrency in which the deposit was made. If there are no issues, proceed to the next step.
4. Enter 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 correct 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 protection 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 involve some confusion and trepidation, but over time, the process will turn almost automatic for you.