Handbook to Digital Currencies for Internet Casinos

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

The importance of cryptocurrencies for gamblers is significant for several reasons: transaction anonymity, high speed, and freedom from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos enables players to avoid issues 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 benefits that make them an attractive choice for online gambling. This is an important part that warrants attention. Namely:

• Anonymity. One of the key advantages of cryptocurrencies is anonymous transactions. Players can top up their accounts and withdraw winnings without providing personal data. This is especially crucial for countries with rigid legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than traditional bank transfers. Thus, players can begin gaming 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 lower than those for using conventional payment methods.
• Reliability. Smart contracts stand guard over security and reliability. They self-execute the terms of transactions, completely removing the risk of fraud or technical (banking) errors.
• Transparency. Blockchain technology ensures complete transparency of all transactions. That is, each transfer is public and auditable, 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 receive 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 remains aside.

TOP-5 Cryptocurrencies for Online Casinos

There are thousands of cryptocurrencies, but some are particularly popular among online casinos. Some of them distinguish themselves 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 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 valued in the world of gambling.
• Ethereum (ETH). Ethereum occupies 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 pegged to the US dollar rate. This ensures 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 small transfer fees. Now TON is synonymous with an effective and reliable system for transactions in online casinos.

Where to Store Cryptocurrency

Before purchasing cryptocurrency, it's important to decide on where to store it—digital wallets. The choice of a crypto wallet is influenced by many factors, including the supported cryptocurrencies, the security level, the convenience of the interface, and functionalities. Let's explore a few wallets for your crypto holdings and their features.

MetaMask

This crypto wallet is suitable for keeping 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 multiple features that should not be ignored:

• Installation. The multi-currency wallet is easily installed as a browser extension. The process of installation is straightforward 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. Involves receiving, keeping, and sending cryptocurrencies. You can manage multiple accounts. It seamlessly integrates with DApps on the Ethereum blockchain and other compatible networks. This makes MetaMask notably popular among users who take part in the DeFi and NFT ecosystems.
• Security. High level of security, as the user exclusively controls the keys. These are private keys that are stored locally and are not transmitted externally.

TronLink

The official storage for the TRON (TRX) cryptocurrency. It is also perfectly designed 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 suitable for each and every TRON blockchain supporter. It has several features:

• Installation. For the browser, simply go to the Chrome Web Store, find TronLink, and install it to your browser. Smartphone users download the app from the App Store or Google Play. Just go through the typical 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 engage with decentralized applications on the TRON blockchain. There is a feature to swap one cryptocurrency for another within the wallet itself. You can create and switch between multiple wallets.
• Security. The security of funds is guaranteed by several levels of security and encryption. User keys are held 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 make use of the advantages of the TON ecosystem, one of the principal 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 accomplished by searching for the bot through the search in the app and starting a dialogue with it. Adhering to clear and easy prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users keep, send, and receive TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This greatly simplifies the process of using cryptocurrency, as it does not require adding additional 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, supplying a suitable level of security through the use of sophisticated encryption methods inherent to the Telegram platform. Without your knowledge, funds will not leave your account, but the key thing is to protect your Telegram account itself.

How to Acquire Cryptocurrency

After choosing the right crypto wallet, the next step is to fund it with cryptocurrency. For this, there are specialized 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, trade, and exchange cryptocurrencies using different fiat currencies or alternative digital assets. The most reputable crypto exchanges offer a wide selection of cryptocurrencies and have strong security measures. Here are some examples of trustworthy crypto exchanges:

• Binance. The biggest crypto exchange in the world with a broad range of cryptocurrencies and trading instruments. This is where the largest volume of crypto trading happens. Binance features low fees, extensive liquidity, and numerous trading options, including futures and margin trading.
• Coinbase. Draws in users with its user-friendly and intuitive interface, making it an perfect 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, boosting confidence in the dependability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers competitive fees, speedy transactions, and advanced trading tools. Bybit is ideal for more sophisticated users who wish to utilize various trading strategies.

Identity Verification and Geographic Regulations

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

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 verify the availability of the operation in your region and clarify the terms of service on the platform or through technical support.

How to Purchase Cryptocurrency on a Crypto Exchange

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

1. Registration. To begin, you need to pick a crypto exchange and sign up for an account there. The registration process usually requires 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 verifying the address of residence. The process usually lasts a few days.
3. Deposit funds. After verification, you can deposit fiat currency (EUR, USD, RUB) via bank transfer or using payment systems such as electronic wallets.
4. Purchase cryptocurrency. Once the funds are credited to your account, you can buy cryptocurrency. Pick the desired cryptocurrency and set a purchase order at the current market rate or set your price with a limit 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 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 is deposited into your casino account, you can commence play. 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 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 usually have no strict geographic restrictions, making exchangers accessible to users worldwide.

To choose a reliable 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 shows safety and reliability of the service, as exchangers that have been operating for a long time often accumulate experience in addressing various operational problems.
• Number of users and feedbacks. A critically important aspect when choosing an exchanger. A high volume of positive reviews can signify a positive reputation of the service, a easy-to-use interface, and the quality of technical support.
• Commissions. Can fluctuate greatly depending on the exchanger, the type of currency, and the transaction amount. High fees can considerably raise the cost of the operation, so choose platforms with competitive rates.
• Payment processing. Can be executed either automatically or manually. Automatic processing systems generally provide faster transactions, while manual management may take more time but provides an additional 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 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 displays 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. Choose the currency you have (USD, EUR, RUB) and indicate the amount you want to buy cryptocurrency for.
4. Provide the Wallet 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 bank card number or payment system data.
5. Transfer the Funds. Make the transfer of the stated amount to the account 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 arrives in your crypto wallet, transfer the necessary amount to the account at the online casino. You can find 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 enhance 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, 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 personal account 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. Specify 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 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. 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 protection set on your account. This might be done through two-factor authentication or email.
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 familiar with the basics of using cryptocurrency: from buying and keeping to placing in an online casino 1GO and withdrawing winnings. The first time may bring some uncertainty and nervousness, but over time, the process will turn nearly effortless for you.