Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a electronic currency that uses cryptography to ensure security. The key characteristic of cryptocurrencies is their decentralized nature, which distinguishes them from traditional fiat currencies controlled by central banks. Cryptocurrencies are based on blockchain technology, accessible to network participants.

The relevance of cryptocurrencies for players is high for several reasons: anonymity of transactions, fast processing, and freedom from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos allows players to bypass 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 variety of benefits that make them an attractive choice for online gambling. This is an crucial part that deserves attention. Namely:

• Anonymity. One of the key advantages of cryptocurrencies is private transactions. Players can top up 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 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 removing the possibility of fraud or technical (banking) errors.
• Transparency. Blockchain technology provides complete transparency of all transactions. That is, each transfer is public and auditable, reducing 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 remains aside.

TOP-5 Cryptocurrencies for Online Casinos

There are thousands of cryptocurrencies, but some are particularly popular among online casinos. Some of them stand out 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 considered the ""gold standard"" among cryptocurrencies. It is the most famous 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 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 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 provides 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 various services, including online casinos.
• Toncoin (TON). Initially an internal token of the Telegram messenger. The cryptocurrency gained rapid popularity due to high transaction speeds and low transfer fees. 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 determine where to keep it—crypto wallets. The choice of a crypto wallet is influenced by many elements, including the variety of supported digital currencies, the level of security, the convenience of the user interface, and features. Let's explore several wallets for your crypto assets and their features.

MetaMask

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

• Installation. The multi-currency wallet is readily installed as a browser extension. The process of installation is easy 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. Involves accepting, storing, and transferring cryptocurrencies. You can manage few accounts. It smoothly integrates with DApps on the Ethereum blockchain and other compatible networks. This makes MetaMask notably popular among users who take part 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 on the device and are never transmitted externally.

TronLink

The designated 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 various features:

• Installation. For the browser, simply visit the Chrome Web Store, find TronLink, and add it to your browser. Smartphone users get the app from the App Store or Google Play. Just go through the typical 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 exchange one cryptocurrency for another within the wallet itself. You can generate and switch between multiple wallets.
• Security. The security of funds is guaranteed by several layers of security and encryption. User keys are held on the device and are not transmitted to outside servers. It is enough to set up 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 key 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 accomplished by searching for the bot through the lookup in the app and beginning a dialogue with it. Following clear 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 directly within the Telegram interface. This considerably eases the process of using cryptocurrency, as it does not require installing extra apps or programs. Transactions here are done in a few clicks, which is particularly useful when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is integrated into the messenger, supplying a sufficient level of security through the use of sophisticated encryption methods inherent to the Telegram platform. Without your knowledge, funds will not leave your account, but the primary thing is to secure 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 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 digital marketplaces where you can acquire, sell, and swap cryptocurrencies using multiple fiat currencies or other cryptocurrencies. The most reputable crypto exchanges offer a vast selection of cryptocurrencies and have robust security measures. Here are some examples of well-regarded 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 happens. Binance features competitive rates, high liquidity, and multiple trading options, including futures and margin trading.
• Coinbase. Draws in users with its easy-to-navigate interface, making it an ideal option for beginners. It offers immediate buying of cryptocurrencies with fiat money and supports a large number of digital assets. It is distinguished by strong adherence to regulatory standards, adding confidence in the trustworthiness of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers attractive rates, quick trades, and sophisticated trading tools. Bybit is suitable for more sophisticated users who wish to leverage various trading strategies.

Identity Verification and Geographic Regulations

To work with crypto exchanges, you need to go through the identity verification process (KYC), which helps exchanges combat 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 local legislation. Always verify the availability of the operation in your region and confirm 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. Sign Up. 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. Finish identity verification. To meet 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 takes several days.
3. Deposit funds. After verification, you can deposit fiat currency (EUR, USD, RUB) via bank transfer or using other payment methods such as electronic wallets.
4. Buy cryptocurrency. Once the funds arrive in 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. 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, indicating the casino wallet address.
6. Confirm the transaction and start playing. Ensure the information you input at each step. Once the cryptocurrency arrives in your casino account, you can start playing. Be sure to look for any casino bonuses for the deposited amount.

Cryptocurrency Exchangers

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

The main advantages of crypto exchangers include the absence of registration and verification, which minimizes the entry barrier for new users and speeds up the transaction process. Also, they usually have no strict geographic restrictions, making exchangers available to users worldwide.

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

• Length of operation. Serves as an indicator of the reliability of the exchanger. Long-term presence in the market often shows 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 critically important aspect when choosing an exchanger. A large number of positive reviews can signify a positive reputation of the service, a convenient interface, and the quality of technical support.
• Commissions. Can fluctuate considerably depending on the exchanger, the type of currency, and the transaction amount. High fees can significantly raise the cost of the operation, so choose platforms with competitive rates.
• Transaction processing. Can be done either automatically or manually. Automatic processing systems typically provide speedier transactions, while manual management may take more time but provides an extra level of control over the security of operations.

How to Buy Cryptocurrency at an Exchanger

The process of acquiring cryptocurrency through crypto exchangers and depositing into a crypto casino is straightforward 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 current 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. Specify the Currency and Payment Amount. Pick the currency you have (USD, EUR, RUB) and indicate the amount you want to acquire cryptocurrency for.
4. Provide an Account for Receiving Cryptocurrency. Indicate the address of your crypto wallet, to which the acquired cryptocurrency will be sent. Also provide payment details, such as a credit card number or payment system data.
5. Transfer the Money. Send the funds of the indicated amount to the wallet provided by the crypto exchange. After this, the cryptocurrency will be sent to your specified 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 get the deposit details in the ""Deposit"" page on the casino website.
7. Start Playing! 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 enhance your chances of winning.

How to Withdraw Winnings in Cryptocurrency

Withdrawing winnings in cryptocurrency from an online casino to your crypto wallet is a simple process, akin 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. Choose a Cryptocurrency. Select the type of cryptocurrency in which you want 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 specify the details of your crypto wallet, to which the funds will be sent. Make sure that the address is entered correctly 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 confirmed by you, depending on the protection 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 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.