Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a digital money that uses cryptography to ensure security. The key feature 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 relevance of cryptocurrencies for gamblers is high for several reasons: transaction anonymity, high speed, 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 degree of privacy for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos offers players with a variety of benefits 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 fund their accounts and withdraw winnings without sharing personal data. This is especially important for countries with rigid legal restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than traditional 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 cheaper 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 provides complete transparency of all transactions. That is, each transfer is public and auditable, minimizing the risk of fraud since the transfer is easily provable.
• Investment. Cryptocurrencies not only function 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 is minimized.

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 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 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 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 ensures 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 gained rapid popularity due to high transaction speeds and low transfer fees. Now TON is synonymous with an efficient and reliable system for transactions in online casinos.

Where to Hold Cryptocurrency

Before purchasing cryptocurrency, it's crucial to determine where to store it—cryptocurrency wallets. The choice of a crypto wallet depends on many elements, including the supported cryptocurrencies, the security level, the ease of use of the interface, and functionalities. Let's look at several wallets for your crypto assets and their features.

MetaMask

This crypto wallet is suitable for storing BTC, ETH, BNB, and numerous other cryptocurrencies. It is popular 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 are noteworthy:

• Installation. The multi-currency wallet is quickly installed as a browser extension. The process of installation is simple and does not require advanced technical knowledge. After installation, the user can establish a new wallet or import an existing one using a secret phrase (seed phrase).
• Features. Includes receiving, keeping, and transferring cryptocurrencies. You can manage few accounts. It seamlessly integrates with DApps on the Ethereum blockchain and other similar networks. This makes MetaMask particularly popular among users who engage in the DeFi and NFT ecosystems.
• Security. Strong security level, as the user exclusively controls the keys. These are private keys that are kept locally and are not transmitted externally.

TronLink

The designated 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 every single TRON blockchain supporter. It has several features:

• Installation. For the browser, simply visit the Chrome Web Store, find TronLink, and install it to your browser. Smartphone users get the app from the App Store or Google Play. Just go through the usual 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 engage with dApps 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 ensured by several levels of protection and encryption. User keys are held locally and are not transmitted to outside servers. It is enough to establish a complex password and keep it secret.

Crypto Wallet in Telegram (@wallet)

Online casinos actively use the pros 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 accomplished by searching for the bot through the search in the app and beginning a dialogue with it. Adhering to simple and easy prompts, the wallet can be configured in 2 minutes right in your messenger.
• Features. Users store, transmit, and receive TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This significantly simplifies 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 useful when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is intertwined into the messenger, providing a suitable level of security through the use of modern encryption methods built-in to the Telegram platform. Without your knowledge, funds will not leave your account, but the main thing is to protect your Telegram account itself.

How to Buy Cryptocurrency

After choosing the appropriate crypto wallet, the next step is to fund it with cryptocurrency. For this, there are specific 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 buy, trade, and swap cryptocurrencies using various fiat currencies or alternative digital assets. The most well-known crypto exchanges offer a wide selection of cryptocurrencies and have strong 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 pairs. This is where the largest volume of crypto trading takes place. Binance features competitive rates, extensive liquidity, and multiple trading options, including futures and margin trading.
• Coinbase. Attracts 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 strict adherence to regulatory standards, boosting confidence in the trustworthiness of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers attractive rates, fast order execution, and powerful trading tools. Bybit is ideal for more sophisticated users who wish to utilize various 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 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 regulatory restrictions. Always verify the availability of the exchange 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 acquiring cryptocurrency on a crypto exchange and subsequently depositing 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 involves 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 another form of ID, and sometimes verifying the address of residence. The process usually requires a few days.
3. Deposit funds. After verification, you can deposit fiat currency (EUR, USD, RUB) via bank transfer or using other payment methods such as credit cards.
4. Buy 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 limit order.
5. Transfer cryptocurrency to the online casino. To start playing 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, providing the casino wallet address.
6. Confirm the transaction and start playing. Ensure the information you entered at each step. Once the cryptocurrency is deposited into 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 obtain cryptocurrencies, crypto exchangers are a handy alternative. They commonly do not require verification and permit quick exchange of fiat money for cryptocurrency. This is a convenient tool for fast transactions or exchanges of digital assets.

The biggest 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 typically have no strict geographic restrictions, making exchangers available to users worldwide.

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

• Project age. Serves as an indicator of the reliability of the exchanger. Extended presence in the market usually suggests stability 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 ratings. A critically important aspect when choosing an exchanger. A great amount of positive reviews can indicate a positive reputation of the service, a easy-to-use interface, and the quality of technical support.
• Commissions. Can vary significantly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can greatly raise the cost of the operation, so choose platforms with competitive rates.
• Payment processing. Can be done either automated or manually. Auto processing systems typically 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 purchasing cryptocurrency through crypto exchangers and depositing into a crypto casino is simple and available. 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. Choose a Cryptocurrency. Decide on the cryptocurrency you want to purchase. This could be Bitcoin, Ethereum, USDT, or various options suitable for depositing into an online casino.
3. Set the Currency and Payment Amount. Pick the currency you have (USD, EUR, RUB) and specify the amount you want to acquire cryptocurrency for.
4. Provide the Wallet 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 chosen 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"" 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 look for 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, akin 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. 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 difficulties, proceed 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 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 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 bring some confusion and trepidation, but over time, the process will become almost automatic for you.