Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a digital currency that uses cryptography to ensure security. The key feature of cryptocurrencies is their decentralized nature, which distinguishes them from conventional fiat currencies controlled by central banks. Cryptocurrencies are based on a blockchain system, accessible to users in the network.

The relevance of cryptocurrencies for players is high for several reasons: anonymity of transactions, fast processing, 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 increases 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 warrants attention. Namely:

• Anonymity. One of the key advantages of cryptocurrencies is private transactions. Players can fund their accounts and cash out 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 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 conventional payment methods.
• Reliability. Smart contracts stand guard over security and reliability. They automatically execute the terms of transactions, completely removing the possibility of fraud or technical (banking) errors.
• Transparency. Blockchain technology ensures full 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 act 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 remains aside.

TOP-5 Cryptocurrencies for Online Casinos

There are hundreds of cryptocurrencies, but some are particularly favored among online casinos. Some of them stand out for their outstanding reliability, ease of use, and widespread acceptance. Here are the five top cryptocurrencies that almost every online casino supports:

• 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 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 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 popular worldwide. BNB quickly became a means of payment in many 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 small transfer fees. Now TON is a standard for an efficient and reliable system for transactions in online casinos.

Where to Keep Cryptocurrency

Before purchasing cryptocurrency, it's crucial to decide on where to keep it—cryptocurrency wallets. The choice of a cryptocurrency wallet is influenced by many aspects, including the types of supported currencies, the level of security, the convenience of the interface, and functionalities. Let's examine a few wallets for your crypto assets and their attributes.

MetaMask

This crypto wallet is suitable 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 several features that cannot be overlooked:

• Installation. The versatile wallet is quickly installed as a browser extension. The process of installation is simple 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. Includes accepting, storing, and sending cryptocurrencies. You can manage few accounts. It seamlessly integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask notably popular among users who actively participate in the DeFi and NFT ecosystems.
• Security. High security level, as the user exclusively controls the keys. These are private keys that are stored locally and are never 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 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 several features:

• Installation. For the browser, simply go to the Chrome Web Store, locate TronLink, and add it to your browser. Smartphone users download the app from the App Store or Google Play. Just go through the standard 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 use 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 guaranteed by various levels of security and encryption. User keys are stored locally 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 actively use the pros of the TON ecosystem, one of the main ones being the crypto wallet built right into the Telegram messenger. This is potentially the most convenient 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 achieved by locating the bot through the lookup in the app and starting a dialogue with it. Adhering to simple and direct prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users keep, send, and receive TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This significantly streamlines the procedure of using cryptocurrency, as it does not require installing more apps or programs. Transactions here are finished in a few clicks, which is particularly handy when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is integrated into the messenger, offering a suitable 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 primary thing is to secure your Telegram account itself.

How to Acquire Cryptocurrency

After choosing the suitable crypto wallet, the next step is to fund it with cryptocurrency. For this, there are dedicated platforms - crypto exchanges and crypto exchangers. Each option offers specific services, conditions, and levels 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 solid security measures. Here are some examples of trustworthy crypto exchanges:

• Binance. The biggest crypto exchange in the world with a wide range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading occurs. Binance features competitive rates, high liquidity, and various trading options, including futures and margin trading.
• Coinbase. Captures the interest of users with its simple and straightforward interface, making it an perfect option for beginners. It offers immediate buying of cryptocurrencies with fiat money and supports a wide array of digital assets. It is distinguished by strict adherence to regulatory standards, boosting confidence in the dependability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers attractive rates, fast order execution, and advanced trading tools. Bybit is ideal for more experienced users who wish to leverage multiple trading strategies.

Identity Verification and Geographic Regulations

To work with crypto exchanges, you need to undergo the identity verification process (KYC), which helps exchanges fight against fraud and money laundering. This process includes submitting a photo of an identity document or other personal information.

It is also important to consider 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 official website or through technical support.

How to Purchase 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 create an account there. The registration procedure usually involves entering basic information such as name, email, and password.
2. Finish 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 requires a few 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. Purchase cryptocurrency. Once the funds arrive in your account, you can purchase cryptocurrency. Select the desired cryptocurrency and make a purchase order at the current market rate or set your price with a purchase order.
5. Transfer cryptocurrency to the online casino. To start playing in a crypto casino, you need to send some of the purchased 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. Verify the information you input 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.

Cryptocurrency Exchangers

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

The main 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 typically have no strict geographic restrictions, making exchangers accessible to users globally.

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

• Project age. 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 usually 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 good reputation of the service, a user-friendly interface, and the quality of technical support.
• Commissions. Can differ considerably depending on the exchanger, the type of currency, and the transaction amount. High fees can significantly increase the cost of the operation, so choose platforms with competitive rates.
• Payment processing. Can be done either automatically or manually. Automatic processing systems usually 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 acquiring cryptocurrency through crypto exchangers and depositing into a crypto casino is straightforward and open. Below are the steps you need to follow.

1. Choose 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. Choose a Cryptocurrency. Pick the cryptocurrency you want to purchase. 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. Specify the address of your crypto wallet, to which the purchased cryptocurrency will be sent. Also provide payment information, such as a credit card number or payment system data.
5. Transfer the Funds. Make the transfer of the indicated amount to the wallet provided by the crypto exchange. After this, the cryptocurrency will be sent to your indicated 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 get the deposit details in the ""Deposit"" tab on the casino website.
7. Start Playing and Winning! After the funds are transferred to your casino account, you are prepared to start playing. Don't forget to check 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 straightforward process, similar to making a deposit but in reverse. Let's see what steps you need to take:

1. Go to the ""Withdraw"" Page. 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 gaming balance.
3. Select a Cryptocurrency. Select the type of cryptocurrency in which you want to receive your winnings. Often, it is the same cryptocurrency in which the deposit was made. If there are no issues, proceed 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. 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.

Summary

Now you are familiar with the basics of using cryptocurrency: from purchasing and storing to placing in an online casino and withdrawing winnings. The first time may involve some uncertainty and nervousness, but over time, the process will become almost automatic for you.