Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a electronic money that uses cryptography to ensure safety. The key feature of cryptocurrencies is their distributed nature, which differentiates them from traditional government-issued money regulated by national banks. Cryptocurrencies are based on blockchain—a distributed and decentralized database of all transactions, available to network participants.

The importance of cryptocurrencies for gamblers is high for several reasons: anonymity of transactions, 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 degree of privacy for financial operations.

Benefits 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 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 crucial for countries with strict legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than conventional bank transfers. Thus, players can start playing 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 cheaper than those for using traditional payment methods.
• Reliability. Smart contracts ensure security and reliability. They automatically 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 serve as an investment asset. Their value can greatly increase, so players often earn passive income without being seasoned 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 favored among online casinos. Some of them stand out 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 regarded as 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 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 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 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 various projects, 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 a standard for an efficient and reliable system for transactions in online casinos.

Where to Keep Cryptocurrency

Before obtaining cryptocurrency, it's crucial to determine where to secure it—crypto wallets. The choice of a crypto wallet is influenced by many aspects, including the types of supported currencies, the level of security, the ease of use of the user interface, and functional features. Let's examine various wallets for your crypto holdings 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 should not be ignored:

• Installation. The multi-currency wallet is readily installed as a browser extension. The process of installation is easy and does not require advanced technical knowledge. After installation, the user can create a new wallet or import an existing one using a secret phrase (seed phrase).
• Features. Includes accepting, keeping, and sending cryptocurrencies. You can manage multiple accounts. It smoothly integrates with decentralized applications 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 security level, as the user exclusively controls the keys. These are private keys that are stored on the device and are not transmitted outside.

TronLink

The official storage for the TRON (TRX) cryptocurrency. It is also ideally suited for handling 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 every single TRON blockchain supporter. It has various features:

• Installation. For the browser, simply visit the Chrome Web Store, search for TronLink, and install it to your browser. Smartphone users get the app from the App Store or Google Play. Just follow the usual procedure for installing 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 dApps 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 safeguarding of assets is provided by various levels of security and encryption. User keys are held locally and are not transmitted to external servers. It is enough to set up a complex password and keep it safe.

Crypto Wallet in Telegram (@wallet)

Online casinos actively use the advantages 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 accomplished by locating the bot through the search in the app and beginning a dialogue with it. Using simple and easy prompts, the wallet can be set up in 2 minutes right in your messenger.
• Features. Users store, send, and receive TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This considerably streamlines the procedure of using cryptocurrency, as it does not require installing additional 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 integrated into the messenger, offering a adequate level of security through the use of modern encryption methods inherent to the Telegram platform. Without your knowledge, funds will not leave your account, but the key thing is to protect your Telegram account itself.

How to Purchase Cryptocurrency

After picking the right crypto wallet, the next step is to deposit cryptocurrency. For this, there are specific platforms - crypto exchanges and crypto exchangers. Each option offers particular services, conditions, and levels of security. Let's start with cryptocurrency exchanges.

Cryptocurrency Exchanges

Crypto exchanges are digital marketplaces where you can purchase, trade, and swap cryptocurrencies using different fiat currencies or alternative digital assets. The most renowned crypto exchanges offer a vast selection of cryptocurrencies and have strong security measures. Here are some examples of reputable crypto exchanges:

• Binance. The biggest 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 low fees, 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 perfect option for beginners. It offers direct purchasing of cryptocurrencies with fiat money and supports a vast selection of digital assets. It is distinguished by rigorous compliance to regulatory standards, boosting confidence in the dependability of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers attractive rates, fast order execution, and powerful trading tools. Bybit is suitable for more experienced users who wish to employ various 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 keep in mind that some crypto exchanges do not provide their services to citizens of certain countries due to legal constraints. Always check the availability of the exchange in your region and confirm the terms of service on the site or through technical support.

How to Buy 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 pick a crypto exchange and create an account there. The registration procedure usually involves entering basic information such as name, email, and password.
2. Complete identity verification. To adhere to regulatory requirements, most crypto exchanges require identity verification. This may involve sending a photo of a passport or another form of ID, and sometimes confirming the address of residence. The process usually lasts a few days.
3. Deposit funds. After verification, you can deposit fiat money (EUR, USD, RUB) via bank transfer or using other payment methods such as credit cards.
4. Purchase cryptocurrency. Once the funds are credited to 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. Transfer cryptocurrency to the online casino. To start playing in a crypto casino, you need to transfer some of the purchased 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. Double-check the information you entered 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 easier way to acquire cryptocurrencies, crypto exchangers are a convenient alternative. They commonly do not require verification and permit quick exchange of fiat money for cryptocurrency. This is a handy tool for quick buying or exchanges of digital assets.

The main advantages of crypto exchangers include the absence of registration and verification, which reduces the entry barrier for new users and expedites the transaction process. Also, they typically have no strict geographic restrictions, making exchangers accessible to users globally.

To pick a trustworthy cryptocurrency exchange service, pay attention to the following aspects:

• Project age. Serves as an sign of the reliability of the exchanger. Long-term presence in the market usually suggests safety and reliability of the service, as exchangers that have been operating for a long time often accumulate experience in solving various operational problems.
• Number of users and feedbacks. A critically important aspect when choosing an exchanger. A high volume of positive reviews can indicate a good reputation of the service, a user-friendly interface, and the quality of technical support.
• Commissions. Can vary significantly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can greatly increase the cost of the operation, so select platforms with competitive rates.
• Payment processing. Can be done either automatically or manually. Auto processing systems generally provide speedier transactions, while manual management may require more time but offers 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 easy and open. Below are the steps you need to follow.

1. Select a Crypto Exchanger. Use the BestChange exchange monitoring service to find a reliable exchanger with the best rates and feedbacks. The platform shows exchanges with up-to-date rates and exchange conditions.
2. Choose a Cryptocurrency. Decide on the cryptocurrency you want to buy. This could be Bitcoin, Ethereum, USDT, or various options available for depositing into an online casino.
3. Set the Currency and Payment Amount. Choose the currency you have (USD, EUR, RUB) and indicate 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 information, such as a bank card number or payment system data.
5. Transfer the Money. Send the funds of the indicated amount to the account provided by the crypto exchange. After this, the cryptocurrency will be sent to your chosen 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 find the deposit details in the ""Deposit"" tab on the casino website.
7. Start Playing! After the funds are transferred to your casino account, you are ready to start playing. Don't forget to check possible deposit bonuses that can increase 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 personal account on the casino website, find the ""Withdraw"" tab.
2. Specify the Amount. Enter the eligible amount you want to withdraw from your gaming 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 issues, move to the next step.
4. Input Your Crypto Wallet Address. At this stage, you need to specify 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 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 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 become nearly effortless for you.