Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a electronic money that uses cryptography to ensure safety. The main characteristic of cryptocurrencies is their distributed nature, which distinguishes them from conventional government-issued money regulated by national banks. Cryptocurrencies are based on a blockchain system, available to users in the network.

The importance of cryptocurrencies for gamblers is high for several reasons: transaction anonymity, fast processing, and freedom from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos enables players to bypass difficulties with banking and government restrictions, as well as enhances the degree of privacy 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 appealing choice for online gambling. This is an crucial part that warrants attention. Namely:

• Anonymity. One of the major advantages of cryptocurrencies is private 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 start playing instantly (after making 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 automatically execute the terms of transactions, entirely eliminating the risk of fraud or technical (banking) errors.
• Transparency. Blockchain technology provides full transparency of all transactions. That is, each transfer is open and verifiable, reducing 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 significantly increase, so players often earn passive income without being experienced investors.
• Lack of Control. Cryptocurrencies are not tied 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 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 pegged 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 creation 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 efficient and reliable system for transactions in online casinos.

Where to Store Cryptocurrency

Before acquiring cryptocurrency, it's crucial to choose where to store it—crypto wallets. The choice of a crypto wallet relies on many aspects, including the supported cryptocurrencies, the level of security, the convenience of the interface, and functionalities. Let's explore various wallets for your crypto assets and their attributes.

MetaMask

This crypto wallet is suitable for holding BTC, ETH, BNB, and numerous 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 various features that cannot be overlooked:

• Installation. The multi-currency 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 create a new wallet or restore an existing one using a secret phrase (seed phrase).
• Features. Encompasses accepting, storing, and sending cryptocurrencies. You can manage multiple accounts. It seamlessly integrates with DApps on the Ethereum blockchain and other similar networks. This makes MetaMask particularly popular among users who actively participate in the DeFi and NFT ecosystems.
• Security. Elevated level of security, as the user completely controls the keys. These are private keys that are kept locally and are never transmitted outside.

TronLink

The official storage for the TRON (TRX) cryptocurrency. It is also ideally 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 supporter. It has various features:

• Installation. For the browser, simply visit the Chrome Web Store, find TronLink, and add it to your browser. Smartphone owners download the app from the App Store or Google Play. Just go through the standard procedure for setting up apps on your devices.
• Features. With TronLink, you can not only send and receive TRX and TRC-20 tokens, like USDT, but also use 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 multiple levels of protection and encryption. User keys are kept locally and are not transmitted to external servers. It is enough to create a strong password and keep it secret.

Crypto Wallet in Telegram (@wallet)

Online casinos make use of the advantages of the TON ecosystem, one of the principal ones being the crypto wallet built right into the Telegram messenger. This is potentially the most practical 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 lookup in the app and beginning a dialogue with it. Using simple and easy prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users store, send, and get TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This considerably simplifies the procedure of using cryptocurrency, as it does not require adding extra apps or programs. Transactions here are completed in a few clicks, which is particularly handy when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is integrated into the messenger, offering a adequate level of security 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 Buy Cryptocurrency

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

Cryptocurrency Exchanges

Crypto exchanges are online platforms where you can buy, sell, and swap cryptocurrencies using various fiat currencies or other cryptocurrencies. The most well-known crypto exchanges offer a wide selection of cryptocurrencies and have robust security measures. Here are some examples of trustworthy crypto exchanges:

• Binance. The largest crypto exchange in the world with a wide range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading takes place. Binance features competitive rates, extensive liquidity, and various trading options, including futures and margin trading.
• Coinbase. Captures the interest of users with its user-friendly and intuitive interface, making it an ideal option for beginners. It offers direct purchasing of cryptocurrencies with fiat money and supports a large number of digital assets. It is distinguished by strong adherence to regulatory standards, providing confidence in the dependability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers low costs, speedy transactions, and advanced trading tools. Bybit is suitable for more experienced users who wish to employ various trading strategies.

Identity Verification and Geographic Restrictions

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 providing a photo of an ID 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 regulatory restrictions. 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 Buy 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 register 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 submitting a photo of a passport or other identification document, and sometimes verifying 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 other payment methods such as electronic wallets.
4. Buy cryptocurrency. Once the funds reach 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 purchase order.
5. Transfer cryptocurrency to the online casino. To play 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, 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 look for any casino bonuses for the deposited amount.

Crypto Exchangers

For those looking for a more straightforward way to get cryptocurrencies, crypto exchangers are a practical alternative. They usually do not require verification and allow fast exchange of fiat money for cryptocurrency. This is a useful tool for speedy buying 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 expedites the transaction process. Also, they generally have no strict geographic restrictions, making exchangers available to users worldwide.

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

• Length of operation. Serves as an sign of the reliability of the exchanger. Long-term presence in the market often shows safety and reliability of the service, as exchangers that have been operating for a long time typically accumulate experience in addressing various operational problems.
• Number of users and feedbacks. A crucial aspect when choosing an exchanger. A great amount of positive reviews can signify a good reputation of the service, a convenient interface, and the quality of technical support.
• Commissions. Can vary greatly depending on the exchanger, the type of currency, and the transaction amount. High fees can greatly increase the cost of the operation, so choose platforms with reasonable rates.
• Transaction processing. Can be done either automated or manually. Automatic processing systems typically provide faster transactions, while manual management may require more time but offers 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 easy and accessible. Below are the steps you need to follow.

1. Choose 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 available for depositing into an online casino.
3. Specify the Currency and Payment Amount. Select the currency you have (USD, EUR, RUB) and indicate the amount you want to buy cryptocurrency for.
4. Provide an Account for Receiving Cryptocurrency. Provide 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 Funds. Make the transfer of the indicated amount to the account 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 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"" tab on the casino website.
7. Start Playing! After the funds are credited to your casino account, you are ready to start playing. Don't forget to look for possible deposit bonuses that can boost your chances of winning.

How to Withdraw Winnings in Cryptocurrency

Withdrawing 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"" 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 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 difficulties, move 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 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 purchasing and storing to placing in an online casino and withdrawing winnings. The first time may involve some confusion and trepidation, but over time, the process will become almost automatic for you.