Handbook to Digital Currencies for Online Casinos

Cryptocurrency is a virtual currency that uses cryptography to ensure security. The key characteristic of cryptocurrencies is their distributed nature, which distinguishes them from traditional government-issued money regulated by central banks. Cryptocurrencies are based on a blockchain system, accessible to users in the network.

The importance of cryptocurrencies for players is high for several reasons: anonymity of transactions, high speed, and freedom from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos allows players to avoid difficulties with banking and government restrictions, as well as enhances the degree of confidentiality for financial operations.

Advantages of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos provides players with a variety of advantages that make them an attractive option for online gambling. This is an crucial part that warrants attention. Namely:

• Anonymity. One of the major advantages of cryptocurrencies is anonymous 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 processed much faster than conventional bank transfers. Thus, players can start playing instantly (after making 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 cheaper than those for using conventional payment methods.
• Reliability. Smart contracts ensure security and reliability. They self-execute the terms of transactions, entirely 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 verifiable, reducing the risk of fraud since the transfer is easily provable.
• Investment. Cryptocurrencies not only serve 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 seasoned 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 popular among online casinos. Some of them distinguish themselves for their exceptional reliability, ease of use, and widespread adoption. Here are the five top cryptocurrencies that almost every online casino supports:

• Bitcoin (BTC). Bitcoin is regarded as 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 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 no volatility (currency exchange rate changes). This feature makes USDT the favored choice for players who value calm waters over the stormy sea of currency quotes.
• Binance Coin (BNB). The brainchild of the Binance cryptocurrency exchange. Initially, their internal token became widely used worldwide. BNB quickly became a means of payment in many services, including online casinos.
• Toncoin (TON). Originally 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 effective and reliable system for transactions in online casinos.

Where to Store Cryptocurrency

Before acquiring cryptocurrency, it's important to determine where to store it—cryptocurrency wallets. The choice of a crypto wallet is influenced by many factors, including the supported cryptocurrencies, the level of security, the ease of use of the user 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 several other cryptocurrencies. It is popular as a web browser extension (Chrome, Firefox, Yandex Browser, etc.) and is also available as a mobile app for iOS and Android. MetaMask has multiple features that should not be ignored:

• Installation. The versatile wallet is easily installed as a browser extension. The installation process is straightforward and does not require special technical knowledge. After installation, the user can establish a new wallet or restore an existing one using a secret phrase (seed phrase).
• Features. Involves receiving, storing, and sending cryptocurrencies. You can manage few accounts. It easily integrates with DApps on the Ethereum blockchain and other similar networks. This makes MetaMask especially popular among users who take part in the DeFi and NFT ecosystems.
• Security. Strong level of security, as the user exclusively controls the keys. These are private keys that are stored on the device and are not transmitted outside.

TronLink

The designated storage for the TRON (TRX) cryptocurrency. It is also well-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 suitable for all and every TRON blockchain enthusiast. It has multiple features:

• Installation. For the browser, simply visit the Chrome Web Store, find 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 transact with TRX and TRC-20 tokens, like USDT, but also use decentralized applications on the TRON blockchain. There is a feature to trade one cryptocurrency for another within the wallet itself. You can generate and switch between multiple wallets.
• Security. The security of funds is guaranteed by various layers of protection and encryption. User keys are held locally and are not transmitted to outside servers. It is enough to create 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 potentially 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 done by searching for the bot through the search in the app and beginning a dialogue with it. Using simple and direct prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users store, transmit, and receive TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This significantly streamlines 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 handy when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is integrated into the messenger, providing a sufficient security level through the use of advanced encryption methods inherent to the Telegram platform. Without your knowledge, funds will not leave your account, but the main thing is to secure your Telegram account itself.

How to Acquire Cryptocurrency

After selecting the appropriate crypto wallet, the next step is to fund it with cryptocurrency. For this, there are specific platforms - crypto 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 exchange cryptocurrencies using various fiat currencies or other cryptocurrencies. The most renowned crypto exchanges offer a vast selection of cryptocurrencies and have solid security measures. Here are some examples of trustworthy crypto exchanges:

• Binance. The largest crypto exchange in the world with a vast range of cryptocurrencies and trading instruments. This is where the largest volume of crypto trading happens. Binance features competitive rates, extensive liquidity, and various trading options, including futures and margin trading.
• Coinbase. Attracts users with its easy-to-navigate interface, making it an ideal option for beginners. It offers direct purchasing of cryptocurrencies with fiat money and supports a vast selection of digital assets. It is distinguished by strict adherence to regulatory standards, boosting confidence in the dependability of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers attractive rates, quick trades, and advanced trading tools. Bybit is ideal for more sophisticated users who wish to utilize various trading strategies.

Identity Verification and Geographic Restrictions

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 submitting a photo of an ID or other personal information.

It is also important to remember 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 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 choose a crypto exchange and register an account there. The registration process usually requires 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 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 money (EUR, USD, RUB) via bank transfer or using payment systems such as credit cards.
4. Purchase cryptocurrency. Once the funds are credited to your account, you can acquire 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 purchased cryptocurrency to the casino's account. This is done through the withdrawal function on the exchange, providing 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 commence play. Be sure to look for any casino bonuses for the deposited amount.

Crypto Exchangers

For those seeking a more straightforward way to obtain cryptocurrencies, crypto exchangers are a practical alternative. They commonly do not require verification and allow 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 lack of registration and verification, which reduces the entry barrier for new users and expedites the transaction process. Also, they generally have no strict geographic restrictions, making exchangers available to users globally.

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

• Length of operation. Serves as an indicator of the reliability of the exchanger. Extended presence in the market often 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 ratings. A vital aspect when choosing an exchanger. A high volume of positive reviews can indicate a good reputation of the service, a easy-to-use interface, and the quality of technical support.
• Commissions. Can differ greatly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can significantly raise the cost of the operation, so select platforms with affordable rates.
• Transaction processing. Can be executed either automatically or manually. Auto processing systems generally provide speedier transactions, while manual management may take more time but offers an additional 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 easy and open. 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 shows exchanges with latest rates and exchange conditions.
2. Choose a Cryptocurrency. Decide on the cryptocurrency you want to buy. This could be Bitcoin, Ethereum, USDT, or other options available for depositing into an online casino.
3. Set the Currency and Payment Amount. Select the currency you have (USD, EUR, RUB) and specify the amount you want to purchase cryptocurrency for.
4. Provide an Account 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 credit card number or payment system data.
5. Transfer the Money. Complete the payment of the specified amount to the wallet provided by the crypto exchange. After this, the cryptocurrency will be sent to your chosen crypto wallet.
6. Deposit into the Online Casino. Once the cryptocurrency arrives in 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! 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 increase 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 simple process, akin 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. Set the Amount. Enter the eligible amount you want to withdraw from your casino 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 difficulties, move to the next step.
4. Input Your Crypto Wallet Address. At this stage, you need to provide the address of your crypto wallet, to which the funds will be sent. Make sure 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 verified by you, depending on the security level 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 vary depending on the blockchain network load.

Summary

Now you are acquainted 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 turn nearly effortless for you.