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 differentiates them from traditional government-issued money controlled by central banks. Cryptocurrencies are based on blockchain—a distributed and decentralized database of all transactions, available to users in the network.

The relevance of cryptocurrencies for gamblers 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 issues with banking and government restrictions, as well as enhances the level of confidentiality for financial operations.

Advantages of Cryptocurrencies for Online Casino Players

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

• Anonymity. One of the major advantages of cryptocurrencies is private transactions. Players can top up their accounts and withdraw winnings without providing personal data. This is especially crucial for countries with strict legal restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than conventional bank transfers. Thus, players can begin gaming 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 cheaper than those for using conventional payment methods.
• Reliability. Smart contracts stand guard over security and reliability. They automatically execute the terms of transactions, completely removing the risk of fraud or technical (banking) errors.
• Transparency. Blockchain technology ensures complete transparency of all transactions. That is, each transfer is public and verifiable, reducing the risk of fraud since the transfer is easily traceable.
• Investment. Cryptocurrencies not only serve as a means of payment but can also serve as an investment asset. Their value can significantly 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 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 adoption. Here are the five main 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 send and receive 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 provides almost no 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 widely used worldwide. BNB quickly became a means of payment in many 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 commissions. Now TON is a standard for an effective and reliable system for transactions in online casinos.

Where to Store Cryptocurrency

Before purchasing cryptocurrency, it's important to choose where to store it—digital wallets. The choice of a crypto wallet is influenced by many elements, including the supported cryptocurrencies, the security level, the convenience of the interface, and functionalities. Let's look at a few wallets for your crypto assets and their features.

MetaMask

This crypto wallet is appropriate for storing BTC, ETH, BNB, and numerous 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 multi-currency wallet is easily installed as a browser extension. The process of installation is straightforward 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, storing, and sending cryptocurrencies. You can manage few accounts. It seamlessly integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask particularly popular among users who actively participate in the DeFi and NFT ecosystems.
• Security. High level of security, as the user exclusively controls the keys. These are private keys that are stored locally and are never transmitted externally.

TronLink

The official storage for the TRON (TRX) cryptocurrency. It is also well-suited for handling 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 enthusiast. It has several features:

• Installation. For the browser, simply visit the Chrome Web Store, search for TronLink, and add it to your browser. Smartphone owners get the app from the App Store or Google Play. Just follow the usual procedure for installing 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 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 multiple levels of protection and encryption. User keys are stored on the device and are not transmitted to outside servers. It is enough to create a strong password and keep it secret.

Crypto Wallet in Telegram (@wallet)

Online casinos make use of the benefits of the TON ecosystem, one of the main ones being the crypto wallet built right into the Telegram messenger. This is potentially 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 achieved by locating the bot through the search in the app and initiating a dialogue with it. Adhering to straightforward and direct prompts, the wallet can be set up in 2 minutes right in your messenger.
• Features. Users keep, send, and get TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This greatly simplifies the procedure of using cryptocurrency, as it does not require adding additional apps or programs. Transactions here are finished 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, providing a sufficient security level through the use of advanced encryption methods native to the Telegram platform. Without your knowledge, funds will not leave your account, but the primary thing is to protect your Telegram account itself.

How to Acquire Cryptocurrency

After picking 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 degrees 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 reputable crypto exchanges offer a wide 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 vast range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading occurs. Binance features competitive rates, high liquidity, and multiple 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 immediate buying of cryptocurrencies with fiat money and supports a large number of digital assets. It is distinguished by rigorous compliance to regulatory standards, adding confidence in the dependability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers competitive fees, fast order execution, and advanced trading tools. Bybit is suitable for more experienced users who wish to utilize various trading strategies.

Identity Verification and Geographic Restrictions

To work with crypto exchanges, you need to go through 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 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 operation in your region and clarify the terms of service on the official website or through technical support.

How to Buy Cryptocurrency on a Crypto Exchange

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

1. Registration. To begin, you need to pick a crypto exchange and create an account there. The registration process usually requires entering basic information such as name, email, and password.
2. Complete identity verification. To comply with 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 lasts 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 are credited to your account, you can buy cryptocurrency. Pick the desired cryptocurrency and place a purchase order at the current market rate or set your price with a purchase order.
5. Transfer cryptocurrency to the online casino. To start playing in a crypto casino, you need to send some of the purchased cryptocurrency to the casino's account. This is done through the withdrawal function on the exchange, specifying the casino wallet address.
6. Confirm the transaction and start playing. Verify the information you provided at each step. Once the cryptocurrency is deposited into your casino account, you can begin gaming. Be sure to look for any casino bonuses for the deposited amount.

Crypto Exchangers

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

The main advantages of crypto exchangers include the lack of registration and verification, which reduces 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 worldwide.

To choose 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 suggests 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 ratings. A vital aspect when choosing an exchanger. A high volume of positive reviews can indicate a positive reputation of the service, a easy-to-use interface, and the quality of technical support.
• Commissions. Can fluctuate significantly depending on the exchanger, the type of currency, and the transaction amount. High fees can significantly increase the cost of the operation, so choose platforms with affordable rates.
• Transaction processing. Can be done either automatically or manually. Auto processing systems generally provide speedier transactions, while manual management may require more time but provides an extra level of control over the security of operations.

How to Buy Cryptocurrency at an Exchanger

The process of purchasing 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 identify a reliable exchanger with the best rates and feedbacks. The platform displays exchanges with latest rates and exchange conditions.
2. Select a Cryptocurrency. Pick 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 purchase cryptocurrency for.
4. Provide an Account 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 credit card number or payment system data.
5. Transfer the Funds. Send the funds of the indicated amount to the wallet provided by the crypto exchange. After this, the cryptocurrency will be sent to your chosen crypto wallet.
6. Transfer Crypto 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 find 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 ready to start playing. Don't forget to check possible deposit bonuses that can increase 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 casino balance.
3. Choose a Cryptocurrency. Select 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 issues, move to the next step.
4. Input Your Crypto Wallet Address. At this stage, you need to provide the address 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 find the address in the main window of your wallet.
5. Confirm the Transfer. The withdrawal request must be verified 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.

Conclusion

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 bring some uncertainty and nervousness, but over time, the process will turn almost automatic for you.