Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a electronic money that uses encryption to ensure safety. The primary characteristic of cryptocurrencies is their distributed nature, which distinguishes them from conventional fiat currencies controlled by national banks. Cryptocurrencies are based on blockchain technology, accessible to users in the network.

The relevance of cryptocurrencies for players is significant for several reasons: transaction anonymity, fast processing, and independence from political and economic shifts. Using cryptocurrencies in online casinos enables players to avoid difficulties with banking and government restrictions, as well as enhances the level of privacy for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos offers players with a range of benefits that make them an attractive choice for online gambling. This is an important 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 providing personal data. This is especially crucial 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 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 automatically execute the terms of transactions, entirely removing the risk of fraud or technical (banking) errors.
• Transparency. Blockchain technology provides full transparency of all transactions. That is, each transfer is public 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 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 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 ensures almost zero volatility (currency exchange rate changes). This feature makes USDT the favored 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 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 small transfer commissions. Now TON is a standard for an effective and reliable system for transactions in online casinos.

Where to Keep Cryptocurrency

Before acquiring cryptocurrency, it's essential to choose where to store it—cryptocurrency wallets. The choice of a cryptocurrency wallet depends on many elements, including the supported cryptocurrencies, the security level, the convenience of the user interface, and functional features. Let's look at several wallets for your crypto assets and their features.

MetaMask

This crypto wallet is appropriate for storing BTC, ETH, BNB, and several 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 multiple features that cannot be overlooked:

• Installation. The versatile wallet is readily installed as a browser extension. The installation process is easy and does not require specific technical knowledge. After installation, the user can establish a new wallet or restore an existing one using a secret phrase (seed phrase).
• Features. Encompasses accepting, keeping, and transferring cryptocurrencies. You can manage multiple accounts. It easily integrates with decentralized applications 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. Strong level of security, as the user exclusively controls the keys. These are private keys that are kept locally and are not transmitted externally.

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 available as a browser extension, a mobile app for Android and iOS, and in a web version format. In general, it is appropriate for each and every TRON blockchain enthusiast. It has several features:

• Installation. For the browser, simply go to the Chrome Web Store, locate TronLink, and add it to your browser. Smartphone owners get 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 interact with dApps on the TRON blockchain. There is a feature to exchange one cryptocurrency for another within the wallet itself. You can generate and switch between multiple wallets.
• Security. The safeguarding of assets is ensured by multiple levels of protection and encryption. User keys are held on the device and are not transmitted to external servers. It is enough to create a complex password and keep it safe.

Crypto Wallet in Telegram (@wallet)

Online casinos make use of the benefits of the TON ecosystem, one of the key 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 activate the @wallet bot in the messenger. This can be achieved by searching for the bot through the search in the app and initiating a dialogue with it. Following straightforward and direct prompts, the wallet can be configured in 2 minutes right in your messenger.
• Features. Users keep, transmit, and get TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This greatly eases the process of using cryptocurrency, as it does not require adding more 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 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 key thing is to safeguard 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 specialized platforms - crypto 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 purchase, sell, and exchange cryptocurrencies using multiple fiat currencies or other cryptocurrencies. The most well-known crypto exchanges offer a broad selection of cryptocurrencies and have strong security measures. Here are some examples of reputable crypto exchanges:

• Binance. The largest crypto exchange in the world with a vast range of cryptocurrencies and trading instruments. 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. Captures the interest of users with its user-friendly and intuitive interface, making it an excellent 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 cryptocurrency derivatives and margin trading. The exchange offers low costs, fast order execution, and powerful trading tools. Bybit is suitable for more sophisticated users who wish to leverage different trading strategies.

Identity Verification and Geographic Restrictions

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 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 check the availability of the operation in your region and confirm the terms of service on the official website 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. 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. Finish identity verification. To meet regulatory requirements, most crypto exchanges require identity verification. This may involve sending a photo of a passport or another form of ID, and sometimes verifying the address of residence. The process usually lasts a few days.
3. Deposit funds. After verification, you can deposit fiat currency (EUR, USD, RUB) via bank transfer or using payment systems such as electronic wallets.
4. Buy cryptocurrency. Once the funds arrive in 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 limit order.
5. Send cryptocurrency to the online casino. To play in a crypto casino, you need to send some of the acquired 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 entered at each step. Once the cryptocurrency arrives in your casino account, you can commence play. Be sure to check any casino bonuses for the deposited amount.

Cryptocurrency Exchangers

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

To choose 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 indicates stability and reliability of the service, as exchangers that have been operating for a long time typically accumulate experience in solving various operational problems.
• Number of users and ratings. A crucial aspect when choosing an exchanger. A high volume of positive reviews can indicate a positive reputation of the service, a convenient interface, and the quality of technical support.
• Fees. Can differ greatly depending on the exchanger, the type of currency, and the transaction amount. High fees can significantly increase the cost of the operation, so select platforms with affordable rates.
• Transaction processing. Can be done either automated or manually. Automatic processing systems usually provide speedier 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 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 find 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 purchase. 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 specify the amount you want to acquire cryptocurrency for.
4. Provide the Wallet for Receiving Cryptocurrency. Indicate 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. Make the transfer of the stated 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 reaches your crypto wallet, transfer the necessary amount to the account at the online casino. You can find the deposit details in the ""Deposit"" tab 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 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 personal account on the casino website, find the ""Withdraw"" tab.
2. Specify the Amount. Enter the available amount you want to withdraw from your casino balance.
3. Select a Cryptocurrency. Specify 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, 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. Make sure that the address is correct to avoid errors in the transfer. You can easily get 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 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 depositing into 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.