Handbook to Cryptocurrencies for Internet Casinos

Cryptocurrency is a electronic currency that uses cryptography to ensure safety. The main feature of cryptocurrencies is their decentralized nature, which differentiates them from traditional fiat currencies controlled by central banks. Cryptocurrencies are based on a blockchain system, available to network participants.

The relevance of cryptocurrencies for gamblers is high for several reasons: transaction anonymity, high speed, and independence from political and economic shifts. Using cryptocurrencies in online casinos enables players to avoid issues 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 provides players with a range of advantages 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 anonymous transactions. Players can top up their accounts and withdraw winnings without providing personal data. This is especially important for countries with rigid legal 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 managed 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 ensure security and reliability. They self-execute the terms of transactions, completely removing the possibility of fraud or technical (banking) errors.
• Transparency. Blockchain technology provides complete transparency of all transactions. That is, each transfer is open and verifiable, 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 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 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 appreciated in the world of gambling.
• Ethereum (ETH). Ethereum occupies a special place in the crypto world thanks to the power 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 tied to the US dollar rate. This provides almost no volatility (currency exchange rate changes). This point makes USDT the preferred 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 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 efficient and reliable system for transactions in online casinos.

Where to Hold Cryptocurrency

Before acquiring cryptocurrency, it's essential to decide on where to secure it—digital wallets. The choice of a crypto wallet relies on many aspects, including the variety of supported digital currencies, the security level, the convenience of the user interface, and functionalities. Let's look at a few wallets for your crypto holdings and their attributes.

MetaMask

This crypto wallet is ideal 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 should not be ignored:

• Installation. The multi-currency wallet is quickly installed as a browser extension. The process of installation is simple and does not require special technical knowledge. After installation, the user can create a new wallet or import an existing one using a secret phrase (seed phrase).
• Features. Involves receiving, storing, and sending cryptocurrencies. You can manage multiple accounts. It easily integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask particularly popular among users who actively participate in the DeFi and NFT ecosystems.
• Security. Elevated security level, as the user exclusively controls the keys. These are private keys that are stored locally and are not transmitted outside.

TronLink

The official storage for the TRON (TRX) cryptocurrency. It is also ideally suited 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 ideal for each and every TRON blockchain supporter. It has multiple features:

• Installation. For the browser, simply visit 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 transact with TRX and TRC-20 tokens, like USDT, but also interact with decentralized applications 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 various levels of security and encryption. User keys are stored on the device and are not transmitted to outside servers. It is enough to create a complex 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 arguably the most practical tool for online casino players who use Telegram.

• Installation. To start using the cryptocurrency wallet in Telegram, you need to initiate the @wallet bot in the messenger. This can be accomplished by searching for the bot through the lookup in the app and initiating a dialogue with it. Following straightforward and direct prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users store, send, and get TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This significantly eases the procedure of using cryptocurrency, as it does not require installing additional apps or programs. Transactions here are done in a few clicks, which is especially useful when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is integrated into the messenger, supplying a sufficient security level through the use of sophisticated encryption methods built-in 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 appropriate crypto wallet, the next step is to fund it with 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 acquire, 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 well-regarded crypto exchanges:

• Binance. The largest crypto exchange in the world with a broad range of cryptocurrencies and trading instruments. This is where the largest volume of crypto trading happens. Binance features low fees, high liquidity, and multiple trading options, including futures and margin trading.
• Coinbase. Attracts users with its user-friendly and intuitive interface, making it an perfect option for beginners. It offers direct purchasing of cryptocurrencies with fiat money and supports a wide array of digital assets. It is distinguished by strong adherence to regulatory standards, providing confidence in the trustworthiness of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers low costs, quick trades, and powerful trading tools. Bybit is suitable for more experienced users who wish to employ multiple trading strategies.

Identity Verification and Geographic Restrictions

To work with crypto exchanges, you need to complete the identity verification process (KYC), which helps exchanges combat 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 regulatory restrictions. Always verify the availability of the exchange 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 transferring it into an online casino consists of several steps.

1. Sign Up. To begin, you need to pick a crypto exchange and sign up for an account there. The registration process 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 other identification document, 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. Purchase cryptocurrency. Once the funds reach 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 transfer some of the bought 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 provided at each step. Once the cryptocurrency reaches your casino account, you can begin gaming. Be sure to check any casino bonuses for the deposited amount.

Crypto Exchangers

For those seeking a more straightforward way to obtain cryptocurrencies, crypto exchangers are a convenient alternative. They commonly do not require verification and allow fast exchange of fiat money for cryptocurrency. This is a convenient tool for speedy buying 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 generally have no strict geographic restrictions, making exchangers accessible to users globally.

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

• Length of operation. Serves as an sign of the reliability of the exchanger. Extended presence in the market usually indicates safety 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 feedbacks. A vital 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.
• Fees. Can vary greatly depending on the exchanger, the type of currency, and the transaction amount. High fees can significantly raise the cost of the operation, so select platforms with affordable rates.
• Payment processing. Can be done either automated or manually. Auto processing systems generally provide faster transactions, while manual management may take more time but provides an additional level of control over the security of operations.

How to Purchase Cryptocurrency at an Exchanger

The process of acquiring cryptocurrency through crypto exchangers and depositing into a crypto casino is easy and available. Below are the steps you need to follow.

1. Select a Crypto Exchanger. Use the BestChange exchange monitoring service to locate a reliable exchanger with the best rates and feedbacks. The platform lists exchanges with up-to-date rates and exchange conditions.
2. Select a Cryptocurrency. Pick the cryptocurrency you want to acquire. 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 buy 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 Funds. Complete the payment of the specified amount to the account provided by the crypto exchange. After this, the cryptocurrency will be sent to your specified crypto wallet.
6. Deposit 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 and Winning! After the funds are deposited into your casino account, you are ready 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

Cashing-out winnings in cryptocurrency from an online casino to your crypto wallet is a straightforward 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. Specify the Amount. Enter the eligible 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. Enter Your Crypto Wallet Address. At this stage, you need to provide the address 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 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 confirming 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 placing in 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.