Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a electronic currency that uses encryption to ensure safety. The primary characteristic of cryptocurrencies is their decentralized nature, which distinguishes them from conventional fiat currencies controlled by national banks. Cryptocurrencies are based on blockchain—a distributed and decentralized database of all transactions, accessible to network participants.

The importance of cryptocurrencies for players is significant for several reasons: transaction anonymity, high speed, and independence from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos enables players to avoid 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 offers players with a range of advantages that make them an appealing choice for online gambling. This is an important 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 crucial for countries with rigid legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than conventional bank transfers. Thus, players can start playing instantly (after completing a deposit) and also receive 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 ensure 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 open and auditable, reducing the risk of fraud since the transfer is easily traceable.
• 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 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 hundreds of cryptocurrencies, but some are particularly popular among online casinos. Some of them stand out for their exceptional reliability, ease of use, and widespread acceptance. 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 prized 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 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 zero 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 brainchild of the Binance cryptocurrency exchange. Initially, their internal token became widely used worldwide. BNB quickly became a means of payment in many 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 low transfer commissions. Now TON is synonymous with an efficient and reliable system for transactions in online casinos.

Where to Store Cryptocurrency

Before acquiring cryptocurrency, it's essential to choose where to secure it—digital wallets. The choice of a cryptocurrency wallet depends on many aspects, including the supported cryptocurrencies, the security level, the convenience of the user interface, and functionalities. Let's examine a few 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 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 multi-currency wallet is quickly 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 restore an existing one using a secret phrase (seed phrase).
• Features. Includes receiving, keeping, and transferring cryptocurrencies. You can manage multiple accounts. It easily integrates with DApps on the Ethereum blockchain and other similar networks. This makes MetaMask particularly popular among users who engage in the DeFi and NFT ecosystems.
• Security. Strong level of security, as the user completely controls the keys. These are private keys that are stored locally and are never transmitted externally.

TronLink

The official storage for the TRON (TRX) cryptocurrency. It is also well-suited for managing 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 appropriate for every single TRON blockchain enthusiast. It has multiple features:

• Installation. For the browser, simply go to the Chrome Web Store, search for TronLink, and add it to your browser. Smartphone users get the app from the App Store or Google Play. Just follow the usual 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 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 safeguarding of assets is ensured by various layers of protection and encryption. User keys are held locally and are not transmitted to external servers. It is enough to create a strong password and keep it safe.

Crypto Wallet in Telegram (@wallet)

Online casinos make use of the benefits of the TON ecosystem, one of the key 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 enable the @wallet bot in the messenger. This can be achieved by finding the bot through the search in the app and starting a dialogue with it. Following simple and easy prompts, the wallet can be set up in 2 minutes right in your messenger.
• Features. Users store, transmit, and receive TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This greatly eases the procedure of using cryptocurrency, as it does not require adding extra 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 adequate security level through the use of modern encryption methods built-in 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 Buy Cryptocurrency

After choosing the suitable crypto wallet, the next step is to load it with cryptocurrency. For this, there are dedicated platforms - cryptocurrency 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 digital marketplaces where you can buy, sell, and exchange cryptocurrencies using multiple fiat currencies or other cryptocurrencies. The most renowned crypto exchanges offer a wide selection of cryptocurrencies and have solid security measures. Here are some examples of reputable crypto exchanges:

• Binance. The largest 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. Draws in users with its user-friendly and intuitive interface, making it an ideal option for beginners. It offers direct purchasing of cryptocurrencies with fiat money and supports a large number of digital assets. It is distinguished by strict adherence to regulatory standards, adding confidence in the trustworthiness of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers attractive rates, quick trades, and sophisticated trading tools. Bybit is suitable for more sophisticated users who wish to utilize different trading strategies.

Identity Verification and Geographic Regulations

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

It is also important to keep in mind that some crypto exchanges do not provide their services to citizens of certain countries due to local legislation. Always check the availability of the exchange in your region and clarify the terms of service on the official website or through technical support.

How to Buy 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. Registration. To begin, you need to select a crypto exchange and create an account there. The registration process 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 submitting a photo of a passport or other identification document, 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. Buy cryptocurrency. Once the funds reach your account, you can purchase cryptocurrency. Select 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 bought 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 reaches your casino account, you can begin gaming. Be sure to look for any casino bonuses for the deposited amount.

Crypto Exchangers

For those looking for a simpler way to get cryptocurrencies, crypto exchangers are a convenient alternative. They usually do not require verification and allow quick exchange of fiat money for cryptocurrency. This is a useful tool for fast purchases or exchanges of digital assets.

The main advantages of crypto exchangers include the lack of registration and verification, which lowers the entry barrier for new users and expedites the transaction process. Also, they generally have no strict geographic restrictions, making exchangers available to users around the world.

To pick a trustworthy 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 usually indicates safety and reliability of the service, as exchangers that have been operating for a long time typically accumulate experience in solving various operational problems.
• Number of users and ratings. A critically important aspect when choosing an exchanger. A great amount of positive reviews can indicate a positive reputation of the service, a convenient interface, and the quality of technical support.
• Commissions. Can fluctuate significantly depending on the exchanger, the type of currency, and the transaction amount. High fees can significantly raise the cost of the operation, so choose platforms with reasonable rates.
• Payment processing. Can be done either automatically or manually. Auto processing systems generally provide speedier 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 straightforward and accessible. Below are the steps you need to follow.

1. Choose a Crypto Exchanger. Use the BestChange exchange monitoring service to identify a reliable exchanger with the best rates and feedbacks. The platform displays exchanges with up-to-date rates and exchange conditions.
2. Choose a Cryptocurrency. Pick the cryptocurrency you want to acquire. This could be Bitcoin, Ethereum, USDT, or various options available for depositing into an online casino.
3. Set the Currency and Payment Amount. Pick the currency you have (USD, EUR, RUB) and indicate the amount you want to purchase cryptocurrency for.
4. Provide the Wallet for Receiving Cryptocurrency. Indicate the address of your crypto wallet, to which the acquired cryptocurrency will be sent. Also provide payment information, such as a bank card number or payment system data.
5. Transfer the Money. Make the transfer of the stated amount to the account provided by the crypto exchange. After this, the cryptocurrency will be sent to your indicated 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 get the deposit details in the ""Deposit"" page 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 straightforward 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 personal account on the casino website, find the ""Withdraw"" tab.
2. Set the Amount. Enter the available amount you want to withdraw from your gaming balance.
3. Choose a Cryptocurrency. Select 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 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 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 change depending on the blockchain network load.

Summary

Now you are acquainted 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 uncertainty and nervousness, but over time, the process will turn almost automatic for you.