Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a electronic money that uses encryption to ensure security. The main characteristic of cryptocurrencies is their decentralized nature, which distinguishes them from traditional government-issued money regulated 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 geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos allows players to bypass difficulties with banking and government restrictions, as well as increases the level of confidentiality for financial operations.

Advantages of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos provides players with a range of benefits that make them an attractive option for online gambling. This is an crucial 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 sharing personal data. This is especially important for countries with rigid legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than conventional bank transfers. Thus, players can start playing instantly (after completing 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 lower than those for using conventional 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 full 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 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 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 popular among online casinos. Some of them distinguish themselves for their outstanding reliability, ease of use, and widespread acceptance. 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 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 occupies a special place in the crypto world thanks to the capabilities of its smart contracts. With ETH, you can not only send and receive 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 creation of the Binance cryptocurrency exchange. Initially, their internal token became widely used worldwide. BNB quickly became a means of payment in various projects, including online casinos.
• Toncoin (TON). Originally an internal token of the Telegram messenger. The cryptocurrency reached rapid popularity due to high transaction speeds and small 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 crucial to choose where to store it—cryptocurrency wallets. The choice of a crypto wallet relies on many factors, including the supported cryptocurrencies, the level of security, the convenience of the interface, and functionalities. Let's explore several wallets for your crypto assets and their characteristics.

MetaMask

This crypto wallet is ideal for keeping 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 are noteworthy:

• Installation. The multi-currency wallet is quickly installed as a browser extension. The process of installation is straightforward and does not require advanced technical knowledge. After installation, the user can create a new wallet or restore an existing one using a secret phrase (seed phrase).
• Features. Involves receiving, keeping, and transferring cryptocurrencies. You can manage few accounts. It smoothly integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask particularly popular among users who engage in the DeFi and NFT ecosystems.
• Security. Elevated security level, as the user solely manages the keys. These are private keys that are saved on the device and are never transmitted externally.

TronLink

The designated storage for the TRON (TRX) cryptocurrency. It is also well-suited 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 all and every TRON blockchain aficionado. It has various features:

• Installation. For the browser, simply visit the Chrome Web Store, locate TronLink, and add it to your browser. Smartphone owners download the app from the App Store or Google Play. Just go through the typical 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 swap one cryptocurrency for another within the wallet itself. You can create and switch between multiple wallets.
• Security. The safeguarding of assets is guaranteed by several layers of protection and encryption. User keys are held locally and are not transmitted to external servers. It is enough to set up a strong password and keep it safe.

Crypto Wallet in Telegram (@wallet)

Online casinos make use of the pros of the TON ecosystem, one of the principal 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 enable the @wallet bot in the messenger. This can be achieved by finding the bot through the lookup in the app and beginning a dialogue with it. Using straightforward and easy prompts, the wallet can be configured in 2 minutes right in your messenger.
• Features. Users keep, transmit, and get TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This greatly streamlines the procedure of using cryptocurrency, as it does not require adding additional apps or programs. Transactions here are completed in a few clicks, which is particularly convenient 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 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 Purchase Cryptocurrency

After selecting the suitable crypto wallet, the next step is to fund it with cryptocurrency. For this, there are specialized 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 online platforms where you can purchase, sell, and exchange cryptocurrencies using different fiat currencies or alternative digital assets. The most renowned crypto exchanges offer a vast selection of cryptocurrencies and have strong security measures. Here are some examples of well-regarded crypto exchanges:

• Binance. The largest crypto exchange in the world with a broad range of cryptocurrencies and trading pairs. 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. Attracts users with its simple and straightforward interface, making it an ideal 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, boosting confidence in the dependability of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers attractive rates, quick trades, and powerful trading tools. Bybit is appropriate for more sophisticated users who wish to utilize multiple trading strategies.

Identity Verification and Geographic Regulations

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

It is also important to remember that some crypto exchanges do not provide their services to citizens of certain countries due to legal constraints. Always verify the availability of the operation 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 acquiring cryptocurrency on a crypto exchange and subsequently sending it into an online casino consists of several steps.

1. Sign Up. To begin, you need to pick a crypto exchange and register an account there. The registration procedure usually requires 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 other identification document, and sometimes verifying 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 payment systems such as electronic wallets.
4. Purchase cryptocurrency. Once the funds arrive in 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 limit order.
5. Transfer cryptocurrency to the online casino. To start playing in a crypto casino, you need to transfer some of the bought 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 provided at each step. Once the cryptocurrency reaches 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 get cryptocurrencies, crypto exchangers are a convenient alternative. They commonly do not require verification and allow quick exchange of fiat money for cryptocurrency. This is a convenient tool for speedy purchases or exchanges of digital assets.

The main advantages of crypto exchangers include the absence of registration and verification, which reduces 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 choose a worthy 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 usually suggests safety and reliability of the service, as exchangers that have been operating for a long time often accumulate experience in resolving various operational problems.
• Number of users and feedbacks. A vital aspect when choosing an exchanger. A large number 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 choose platforms with affordable rates.
• Transaction processing. Can be executed either automatically or manually. Auto processing systems usually provide speedier transactions, while manual management may require more time but provides an additional level of control over the security of operations.

How to Buy Cryptocurrency at an Exchanger

The process of buying 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 find a reliable exchanger with the best rates and feedbacks. The platform lists exchanges with up-to-date rates and exchange conditions.
2. Choose a Cryptocurrency. Decide on the cryptocurrency you want to acquire. This could be Bitcoin, Ethereum, USDT, or other options available for depositing into an online casino.
3. Set the Currency and Payment Amount. Choose the currency you have (USD, EUR, RUB) and indicate the amount you want to purchase cryptocurrency for.
4. Provide an Account for Receiving Cryptocurrency. Specify 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 Money. Complete the payment of the indicated amount to the wallet provided by the crypto exchange. After this, the cryptocurrency will be sent to your specified crypto wallet.
6. Deposit into the Online Casino. Once the cryptocurrency arrives in 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 transferred to your casino account, you are ready 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

Withdrawing winnings in cryptocurrency from an online casino to your crypto wallet is a simple process, akin 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 available amount you want to withdraw from your gaming balance.
3. Choose a Cryptocurrency. Specify 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, proceed to the next step.
4. Enter Your Crypto Wallet Address. At this stage, you need to provide the details 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 e-mail.
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.

Conclusion

Now you are familiar with the basics of using cryptocurrency: from buying and keeping to depositing into an online casino and withdrawing winnings. The first time may bring some confusion and trepidation, but over time, the process will become nearly effortless for you.