Handbook to Cryptocurrencies for Internet Casinos

Cryptocurrency is a digital money that uses cryptography to ensure security. The main feature of cryptocurrencies is their decentralized nature, which differentiates them from conventional fiat currencies regulated by national banks. Cryptocurrencies are based on blockchain technology, accessible to network participants.

The relevance of cryptocurrencies for players is high for several reasons: anonymity of transactions, high speed, and independence from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos enables players to bypass difficulties with banking and government restrictions, as well as increases the level 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 appealing choice for online gambling. This is an crucial part that deserves attention. Namely:

• Anonymity. One of the key advantages of cryptocurrencies is private transactions. Players can fund their accounts and withdraw winnings without sharing personal data. This is especially important for countries with strict legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than traditional bank transfers. Thus, players can begin gaming instantly (after completing 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 lower than those for using conventional payment methods.
• Reliability. Smart contracts stand guard over security and reliability. They automatically execute the terms of transactions, entirely removing the possibility of fraud or technical (banking) errors.
• Transparency. Blockchain technology provides 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 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 linked 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 popular among online casinos. Some of them stand out for their outstanding reliability, ease of use, and widespread adoption. Here are the five top 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 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 provides almost zero 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 many services, including online casinos.
• Toncoin (TON). Originally an internal token of the Telegram messenger. The cryptocurrency gained rapid popularity due to high transaction speeds and low transfer fees. Now TON is a standard for an effective 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 cryptocurrency wallet depends on many elements, including the types of supported currencies, the level of security, the ease of use of the user interface, and functional features. Let's look at several wallets for your crypto holdings and their features.

MetaMask

This crypto wallet is appropriate for keeping BTC, ETH, BNB, and many 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 various features that cannot be overlooked:

• Installation. The versatile wallet is readily installed as a browser extension. The installation process is straightforward and does not require specific technical knowledge. After installation, the user can create a new wallet or restore an existing one using a secret phrase (seed phrase).
• Features. Includes receiving, keeping, 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 particularly 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 locally 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 ideal for all and every TRON blockchain enthusiast. It has several features:

• Installation. For the browser, simply go to the Chrome Web Store, locate TronLink, and install it to your browser. Smartphone users get the app from the App Store or Google Play. Just adhere to 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 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 security of funds is guaranteed by multiple layers of protection and encryption. User keys are kept 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 actively use the pros of the TON ecosystem, one of the key ones being the crypto wallet built right into the Telegram messenger. This is arguably the most convenient 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 achieved by finding the bot through the search in the app and beginning a dialogue with it. Adhering to clear and direct prompts, the wallet can be configured in 2 minutes right in your messenger.
• Features. Users keep, transmit, and receive TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This significantly streamlines the process of using cryptocurrency, as it does not require installing more apps or programs. Transactions here are completed in a few clicks, which is especially convenient when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is intertwined into the messenger, offering 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 safeguard your Telegram account itself.

How to Acquire Cryptocurrency

After choosing the appropriate crypto wallet, the next step is to deposit cryptocurrency. For this, there are dedicated 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 purchase, sell, and swap cryptocurrencies using various fiat currencies or alternative digital assets. The most well-known crypto exchanges offer a broad selection of cryptocurrencies and have strong security measures. Here are some examples of well-regarded crypto exchanges:

• Binance. The biggest crypto exchange in the world with a vast range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading happens. Binance features competitive rates, high liquidity, and numerous trading options, including futures and margin trading.
• Coinbase. Captures the interest of users with its simple and straightforward 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 rigorous compliance to regulatory standards, adding confidence in the reliability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers low costs, fast order execution, and powerful trading tools. Bybit is suitable for more sophisticated users who wish to employ different trading strategies.

Identity Verification and Geographic Regulations

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 providing a photo of an ID or additional personal details.

It is also important to consider 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 confirm the terms of service on the site or through technical support.

How to Purchase Cryptocurrency on a Crypto Exchange

The process of buying cryptocurrency on a crypto exchange and subsequently depositing it into an online casino consists of several steps.

1. Sign Up. To begin, you need to choose a crypto exchange and register an account there. The registration procedure usually requires entering basic information such as name, email, and password.
2. Complete identity verification. To meet regulatory requirements, most crypto exchanges require identity verification. This may involve sending a photo of a passport or another form of ID, 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 other payment methods such as credit cards.
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, indicating the casino wallet address.
6. Confirm the transaction and start playing. Double-check the information you entered at each step. Once the cryptocurrency reaches your casino account, you can start playing. Be sure to look for any casino bonuses for the deposited amount.

Crypto Exchangers

For those looking for a simpler way to obtain cryptocurrencies, crypto exchangers are a convenient alternative. They usually do not require verification and permit quick exchange of fiat money for cryptocurrency. This is a convenient 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 speeds up the transaction process. Also, they typically have no strict geographic restrictions, making exchangers accessible to users around the world.

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

• Length of operation. Serves as an indicator of the reliability of the exchanger. Long-term presence in the market usually indicates stability 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 critically important aspect when choosing an exchanger. A large number of positive reviews can signify a good reputation of the service, a user-friendly interface, and the quality of technical support.
• Fees. Can differ significantly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can considerably raise the cost of the operation, so choose platforms with affordable rates.
• Payment processing. Can be done either automated or manually. Automatic processing systems usually provide speedier transactions, while manual management may take more time but offers an extra level of control over the security of operations.

How to Buy Cryptocurrency at an Exchanger

The process of acquiring cryptocurrency through crypto exchangers and depositing into a crypto casino is simple and accessible. 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 shows 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 other options suitable for depositing into an online casino.
3. Specify the Currency and Payment Amount. Select the currency you have (USD, EUR, RUB) and specify the amount you want to buy 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 Funds. Make the transfer of the specified amount to the account 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 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 transferred to your casino account, you are prepared to start playing. Don't forget to look for 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, 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 profile on the casino website, find the ""Withdraw"" tab.
2. Set 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, proceed 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. Make sure 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 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.

Conclusion

Now you are acquainted with the basics of using cryptocurrency: from buying and keeping 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.