Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a virtual money that uses encryption to ensure safety. The main feature of cryptocurrencies is their decentralized nature, which distinguishes them from traditional government-issued money controlled by national banks. Cryptocurrencies are based on blockchain technology, accessible to users in the network.

The importance of cryptocurrencies for gamblers is significant for several reasons: transaction anonymity, high speed, and freedom from political and economic shifts. Using cryptocurrencies in online casinos enables players to bypass difficulties with banking and government restrictions, as well as enhances the level of confidentiality for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos provides players with a range of benefits that make them an appealing option for online gambling. This is an crucial part that deserves attention. Namely:

• Anonymity. One of the major advantages of cryptocurrencies is anonymous transactions. Players can fund their accounts and withdraw winnings without providing personal data. This is especially important for countries with strict legal restrictions on gambling.
• Speed. Cryptocurrency transactions are processed much faster than conventional bank transfers. Thus, players can begin gaming instantly (after completing 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 traditional payment methods.
• Reliability. Smart contracts stand guard over security and reliability. They automatically execute the terms of transactions, completely 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, minimizing the risk of fraud since the transfer is easily traceable.
• 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 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 remains aside.

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 acceptance. 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 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 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 reached rapid popularity due to high transaction speeds and low transfer commissions. Now TON is synonymous with an effective and reliable system for transactions in online casinos.

Where to Hold Cryptocurrency

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

MetaMask

This crypto wallet is ideal for holding 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 versatile wallet is readily installed as a browser extension. The process of installation is easy and does not require specific technical knowledge. After installation, the user can create a new wallet or import an existing one using a secret phrase (seed phrase).
• Features. Encompasses receiving, keeping, and sending 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 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 saved on the device and are not transmitted outside.

TronLink

The official 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 suitable for every single TRON blockchain enthusiast. It has multiple features:

• Installation. For the browser, simply go to 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 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 interact with decentralized applications on the TRON blockchain. There is a feature to exchange one cryptocurrency for another within the wallet itself. You can create and switch between multiple wallets.
• Security. The security of funds is guaranteed by several levels of protection and encryption. User keys are stored on the device and are not transmitted to external servers. It is enough to set up a complex password and keep it secret.

Crypto Wallet in Telegram (@wallet)

Online casinos frequently utilize 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 practical 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 lookup in the app and starting a dialogue with it. Adhering to clear and easy prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users store, send, and receive TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This greatly eases 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 useful when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is intertwined into the messenger, offering a suitable 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 secure your Telegram account itself.

How to Purchase Cryptocurrency

After selecting the right crypto wallet, the next step is to deposit cryptocurrency. For this, there are specialized platforms - cryptocurrency 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 digital marketplaces where you can acquire, sell, and swap cryptocurrencies using different fiat currencies or alternative digital assets. The most renowned crypto exchanges offer a wide selection of cryptocurrencies and have robust security measures. Here are some examples of reputable crypto exchanges:

• Binance. The biggest crypto exchange in the world with a broad range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading happens. Binance features low fees, extensive liquidity, and various trading options, including futures and margin trading.
• Coinbase. Attracts users with its user-friendly and intuitive interface, making it an ideal option for beginners. It offers immediate buying of cryptocurrencies with fiat money and supports a wide array of digital assets. It is distinguished by rigorous compliance to regulatory standards, adding confidence in the reliability of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers competitive fees, fast order execution, and advanced trading tools. Bybit is ideal for more sophisticated users who wish to utilize multiple trading strategies.

Identity Verification and Geographic Restrictions

To work with crypto exchanges, you need to undergo the identity verification process (KYC), which helps exchanges prevent fraud and money laundering. This process includes providing a photo of an identity document 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 clarify 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. Registration. To begin, you need to select a crypto exchange and create an account there. The registration procedure usually involves entering basic information such as name, email, and password.
2. Finish identity verification. To comply with regulatory requirements, most crypto exchanges require identity verification. This may involve providing 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 payment systems such as debit cards.
4. Buy cryptocurrency. Once the funds arrive in your account, you can acquire cryptocurrency. Pick the desired cryptocurrency and set a purchase order at the current market rate or set your price with a purchase order.
5. Send 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 done through the withdrawal function on the exchange, indicating the casino wallet address.
6. Confirm the transaction and start playing. Verify the information you provided at each step. Once the cryptocurrency arrives in your casino account, you can start playing. Be sure to check any casino bonuses for the deposited amount.

Crypto Exchangers

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

The biggest 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 worldwide.

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

• Length of operation. Serves as an indicator of the reliability of the exchanger. Extended presence in the market usually shows safety and reliability of the service, as exchangers that have been operating for a long time often accumulate experience in resolving various operational problems.
• Number of users and ratings. A crucial aspect when choosing an exchanger. A large number of positive reviews can signify a positive reputation of the service, a easy-to-use interface, and the quality of technical support.
• Commissions. Can fluctuate significantly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can greatly raise the cost of the operation, so select platforms with affordable rates.
• Payment processing. Can be done either automatically or manually. Automatic processing systems generally provide faster transactions, while manual management may require more time but provides an extra level of control over the security of operations.

How to Purchase Cryptocurrency at an Exchanger

The process of buying 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 find a reliable exchanger with the best rates and feedbacks. The platform displays exchanges with latest rates and exchange conditions.
2. Choose 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. Pick the currency you have (USD, EUR, RUB) and indicate the amount you want to purchase cryptocurrency for.
4. Provide the Wallet for Receiving Cryptocurrency. Provide the address of your crypto wallet, to which the purchased cryptocurrency will be sent. Also provide payment details, such as a bank card number or payment system data.
5. Transfer the Money. Make the transfer 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 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! After the funds are credited to your casino account, you are prepared to start playing. Don't forget to check 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 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. Set the Amount. Enter the available 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. Usually, it is the same cryptocurrency in which the deposit was made. If there are no issues, move to the next step.
4. Enter Your Crypto Wallet Address. At this stage, you need to specify the details 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 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 e-mail.
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.

Summary

Now you are familiar with the basics of using cryptocurrency: from purchasing and storing to depositing into 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.