Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a virtual currency that uses encryption to ensure safety. The main characteristic of cryptocurrencies is their distributed nature, which distinguishes them from traditional government-issued money controlled by national banks. Cryptocurrencies are based on blockchain—a distributed and decentralized database of all transactions, available to network participants.

The relevance of cryptocurrencies for players is high for several reasons: transaction anonymity, fast processing, and independence 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 level of privacy for financial operations.

Advantages of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos offers players with a range of benefits that make them an attractive choice for online gambling. This is an important part that deserves attention. Namely:

  • Anonymity. One of the major advantages of cryptocurrencies is private transactions. Players can top up their accounts and cash out winnings without sharing personal data. This is especially important for countries with strict legal restrictions on gambling.
  • Speed. Cryptocurrency transactions are processed much faster than traditional bank transfers. Thus, players can begin gaming instantly (after making 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 traditional payment methods.
  • Reliability. Smart contracts ensure security and reliability. They automatically execute the terms of transactions, entirely eliminating the risk of fraud or technical (banking) errors.
  • Transparency. Blockchain technology ensures full transparency of all transactions. That is, each transfer is open and verifiable, minimizing the risk of fraud since the transfer is easily traceable.
  • 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 experienced investors.
  • Lack of Control. Cryptocurrencies are not linked to any country or central bank. Vulnerability to political and economic changes remains aside.

All these factors make cryptocurrencies exceptionally suitable for use in online casinos. A more user-friendly, secure, and potentially lucrative tool has not yet been invented.

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 supports:

  • 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 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 pegged to the US dollar rate. This ensures almost zero volatility (currency exchange rate changes). This point makes USDT the preferred 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 small transfer fees. Now TON is synonymous with an effective and reliable system for transactions in online casinos.

Choosing a cryptocurrency for betting in online casinos can significantly change the gaming experience. But rest assured, the cryptocurrencies listed above provide anonymity, reliability, and transparency of financial operations. Global experience proves this.

Where to Hold Cryptocurrency

Before acquiring cryptocurrency, it's crucial to decide on where to keep it—digital wallets. The choice of a crypto wallet is influenced by many factors, including the variety of supported digital currencies, the security level, the ease of use of the user interface, and functional features. Let's examine a few wallets for your crypto assets and their attributes.

MetaMask

This crypto wallet is suitable for keeping BTC, ETH, BNB, and numerous other cryptocurrencies. It is well-known as a web browser extension (Chrome, Firefox, Yandex Browser, etc.) and is also available as a mobile app for iOS and Android. MetaMask has various features that are noteworthy:

  • Installation. The versatile wallet is quickly installed as a browser extension. The process of installation is simple 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. Involves accepting, storing, and sending cryptocurrencies. You can manage few accounts. It easily integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask particularly popular among users who engage in the DeFi and NFT ecosystems.
  • Security. High security level, as the user solely manages the keys. These are private keys that are kept locally and are not transmitted externally.

It is crucial to remember that the choice of a crypto wallet should fit your personal preferences for security, convenience, and functionality. MetaMask offers a reliable and handy solution for managing a wide range of cryptocurrencies and interacting with online casinos.

TronLink

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

  • Installation. For the browser, simply visit the Chrome Web Store, search for TronLink, and add it to your browser. Smartphone users download the app from the App Store or Google Play. Just follow the typical 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 exchange one cryptocurrency for another within the wallet itself. You can create and switch between multiple wallets.
  • Security. The safeguarding of assets is provided by several layers of security and encryption. User keys are held locally and are not transmitted to outside servers. It is enough to create a complex password and keep it safe.

TronLink is recommended for players who frequently operate with TRC-20 tokens. With this wallet, even a novice can simply manage crypto holdings. A plus is the full interaction with projects on the TRON network.

Crypto Wallet in Telegram (@wallet)

Online casinos frequently utilize the benefits 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 enable the @wallet bot in the messenger. This can be achieved by searching for the bot through the search in the app and starting a dialogue with it. Using clear and easy prompts, the wallet can be configured in 2 minutes right in your messenger.
  • Features. Users store, send, and receive TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This considerably eases the procedure of using cryptocurrency, as it does not require adding more apps or programs. Transactions here are finished in a few clicks, which is particularly convenient when making a deposit in an online casino from a smartphone.
  • Security. The cryptocurrency wallet is integrated into the messenger, providing 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 main thing is to protect your Telegram account itself.

Based on feedback from players on specialized forums and social networks, the Telegram cryptocurrency wallet is quickly gaining popularity among bettors who value the speed and convenience of transactions. Also, use the cryptocurrency in the @wallet for everyday tasks without shifting to outside platforms.

How to Acquire Cryptocurrency

After choosing the right crypto wallet, the next step is to load it with cryptocurrency. For this, there are specific 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 acquire, trade, and exchange cryptocurrencies using multiple fiat currencies or other cryptocurrencies. The most well-known crypto exchanges offer a vast selection of cryptocurrencies and have solid 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. Draws in users with its easy-to-navigate interface, making it an excellent 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, providing confidence in the trustworthiness of operations.
  • Bybit. Specializes in crypto derivatives and margin trading. The exchange offers low costs, speedy transactions, and advanced trading tools. Bybit is suitable for more experienced users who wish to leverage various trading strategies.

The choice of a crypto exchange for acquiring cryptocurrency will depend on personal preferences for ease of navigation, as well as geographic regulations imposed by the trading platform.

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 providing 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 regulatory restrictions. Always check the availability of the operation in your region and clarify the terms of service on the site or through technical support.

How to Buy 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 pick a crypto exchange and sign up for an account there. The registration procedure usually involves 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 providing 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 currency (EUR, USD, RUB) via bank transfer or using other payment methods such as debit cards.
  4. Purchase cryptocurrency. Once the funds are credited to your account, you can buy cryptocurrency. Pick the desired cryptocurrency and make a purchase order at the current market rate or set your price with a limit 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 done through the withdrawal function on the exchange, providing the casino wallet address.
  6. Confirm the transaction and start playing. Ensure the information you entered at each step. Once the cryptocurrency is deposited into 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 simpler way to get cryptocurrencies, crypto exchangers are a convenient alternative. They usually do not require verification and allow fast exchange of fiat money for cryptocurrency. This is a handy tool for quick buying or exchanges of digital assets.

The biggest advantages of crypto exchangers include the absence of registration and verification, which minimizes the entry barrier for new users and speeds up the transaction process. Also, they usually have no strict geographic restrictions, making exchangers available to users globally.

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. Long-term presence in the market usually suggests stability and reliability of the service, as exchangers that have been operating for a long time typically accumulate experience in resolving various operational problems.
  • Number of users and feedbacks. A crucial aspect when choosing an exchanger. A large number of positive reviews can indicate a good reputation of the service, a easy-to-use interface, and the quality of technical support.
  • Fees. Can differ greatly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can considerably raise the cost of the operation, so select platforms with competitive rates.
  • Payment processing. Can be executed either automatically or manually. Automatic processing systems usually provide speedier transactions, while manual management may take more time but provides an extra level of control over the security of operations.

To simplify the choice of a crypto exchanger, use specialized monitoring services such as BestChange. The service systematically compares rates, fees, and user reviews from multiple platforms for buying cryptocurrencies. It offers current and objective information.

How to Buy Cryptocurrency at an Exchanger

The process of acquiring cryptocurrency through crypto exchangers and depositing into a crypto casino is easy and accessible. Below are the steps you need to follow.

  1. Select a Crypto Exchanger. Use the BestChange exchange monitoring service to identify a reliable exchanger with the best rates and feedbacks. The platform lists exchanges with current rates and exchange conditions.
  2. Choose a Cryptocurrency. Decide on 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. 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. Specify the address of your crypto wallet, to which the acquired cryptocurrency will be sent. Also provide payment details, such as a credit card number or payment system data.
  5. Transfer the Funds. Send the funds of the stated amount to the wallet 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 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 and Winning! After the funds are deposited into 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.

This process is quicker and less bureaucratic compared to purchasing through cryptocurrency exchanges, as most exchangers do not require registration or verification. It is the most available choice for a broad spectrum of users without geographical restrictions.

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"" Section. In your profile on the casino website, find the ""Withdraw"" tab.
  2. Set the Amount. Enter the available amount you want to withdraw from your casino balance.
  3. Choose 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, 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 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 verifying the operation, the money will be sent to your crypto wallet. Processing time may vary depending on the blockchain network load.

By adhering to these steps, you can safely withdraw your winnings from the crypto casino. Enjoy this time comfortably, knowing that the honestly won amount is in full safety on your wallet.
Summary

Now you are acquainted 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 confusion and trepidation, but over time, the process will become nearly effortless for you.


Do not hesitate to seek help from online consultants, who are available 24/7 and prepared to assist you at every stage – whether at a cryptocurrency exchange, in an exchanger, or directly at the casino. We hope you luck and big wins in your crypto adventure!