Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a electronic money that uses cryptography to ensure security. The main feature of cryptocurrencies is their decentralized nature, which differentiates them from conventional fiat currencies regulated by central banks. Cryptocurrencies are based on a blockchain system, available to users in the network.

The relevance of cryptocurrencies for players is significant for several reasons: transaction anonymity, high speed, and independence from political and economic shifts. Using cryptocurrencies in online casinos enables players to bypass difficulties with banking and government restrictions, as well as increases the degree 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 appealing 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 cash out winnings without sharing personal data. This is especially important for countries with strict legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than conventional bank transfers. Thus, players can begin gaming 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 self-execute the terms of transactions, completely eliminating the possibility of fraud or technical (banking) errors.
• Transparency. Blockchain technology ensures 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 act as an investment asset. Their value can greatly increase, so players often receive passive income without being experienced 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 favored among online casinos. Some of them distinguish themselves for their outstanding 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 appreciated 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 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 ensures almost zero volatility (currency exchange rate changes). This feature 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 popular worldwide. BNB quickly became a means of payment in many 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 a standard for an effective and reliable system for transactions in online casinos.

Where to Hold Cryptocurrency

Before acquiring cryptocurrency, it's essential to choose where to store it—digital wallets. The choice of a cryptocurrency wallet relies on many aspects, including the supported cryptocurrencies, the level of security, the convenience of the interface, and features. Let's examine several wallets for your crypto holdings and their attributes.

MetaMask

This crypto wallet is appropriate for storing BTC, ETH, BNB, and several 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 several features that are noteworthy:

• Installation. The versatile wallet is readily installed as a browser extension. The process of installation is straightforward and does not require special technical knowledge. After installation, the user can establish a new wallet or import an existing one using a secret phrase (seed phrase).
• Features. Includes accepting, 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 notably popular among users who engage in the DeFi and NFT ecosystems.
• Security. Elevated level of security, as the user completely controls the keys. These are private keys that are saved locally and are never transmitted outside.

TronLink

The official storage for the TRON (TRX) cryptocurrency. It is also perfectly designed for managing 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 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 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 ensured by several levels of protection and encryption. User keys are stored locally and are not transmitted to outside servers. It is enough to create a strong password and keep it safe.

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 perhaps the most convenient 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 achieved by finding the bot through the lookup in the app and initiating a dialogue with it. Using simple and direct prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users keep, send, and receive TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This considerably streamlines the process of using cryptocurrency, as it does not require adding extra 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 integrated into the messenger, providing a adequate level of security through the use of modern 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 Purchase Cryptocurrency

After selecting the suitable crypto wallet, the next step is to deposit cryptocurrency. For this, there are dedicated platforms - crypto 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 online platforms where you can purchase, trade, and exchange cryptocurrencies using different fiat currencies or alternative digital assets. The most reputable crypto exchanges offer a vast selection of cryptocurrencies and have strong security measures. Here are some examples of trustworthy crypto exchanges:

• Binance. The largest crypto exchange in the world with a vast range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading takes place. Binance features competitive rates, high liquidity, and numerous trading options, including futures and margin trading.
• Coinbase. Attracts users with its user-friendly and intuitive interface, making it an excellent option for beginners. It offers direct purchasing of cryptocurrencies with fiat money and supports a wide array of digital assets. It is distinguished by strict adherence to regulatory standards, boosting confidence in the reliability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers attractive rates, fast order execution, and advanced trading tools. Bybit is ideal for more experienced users who wish to leverage 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 fight against fraud and money laundering. This process includes providing a photo of an ID or additional personal details.

It is also important to keep in mind 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 site 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 register an account there. The registration process 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 other identification document, 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 payment systems such as debit cards.
4. Purchase cryptocurrency. Once the funds are credited to your account, you can purchase cryptocurrency. Pick the desired cryptocurrency and place a purchase order at the current market rate or set your price with a purchase order.
5. Send 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 accomplished through the withdrawal function on the exchange, specifying the casino wallet address.
6. Confirm the transaction and start playing. Verify the information you input at each step. Once the cryptocurrency reaches your casino account, you can start playing. Be sure to check any casino bonuses for the deposited amount.

Crypto Exchangers

For those looking for a simpler way to get cryptocurrencies, crypto exchangers are a handy alternative. They usually do not require verification and permit fast exchange of fiat money for cryptocurrency. This is a useful tool for fast transactions 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 usually have no strict geographic restrictions, making exchangers available to users around the world.

To choose a reliable cryptocurrency exchange service, pay attention to the following aspects:

• Project age. Serves as an indicator of the reliability of the exchanger. Long-term presence in the market usually shows stability and reliability of the service, as exchangers that have been operating for a long time usually accumulate experience in addressing various operational problems.
• Number of users and ratings. A vital 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.
• Fees. Can vary considerably depending on the exchanger, the type of currency, and the transaction amount. Increased fees can considerably increase the cost of the operation, so choose platforms with competitive rates.
• Payment processing. Can be done either automated or manually. Automatic 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 simple and open. 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 shows exchanges with latest rates and exchange conditions.
2. Choose a Cryptocurrency. Pick the cryptocurrency you want to purchase. This could be Bitcoin, Ethereum, USDT, or various options suitable for depositing into an online casino.
3. Specify the Currency and Payment Amount. Choose the currency you have (USD, EUR, RUB) and specify 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 details, 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. Deposit into the Online Casino. Once the cryptocurrency reaches 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 prepared 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

Cashing-out 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"" Section. In your profile on the casino website, find the ""Withdraw"" tab.
2. Set the Amount. Enter the available amount you want to withdraw from your casino balance.
3. Select a Cryptocurrency. Select 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, move to the next step.
4. Input 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 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 security level set on your account. This might be done through two-factor authentication or email.
6. Receive Your Winnings. After verifying the operation, the money will be sent to your crypto wallet. Processing time may vary 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 involve some confusion and trepidation, but over time, the process will turn nearly effortless for you.