Handbook to Digital Currencies for Internet Casinos

Cryptocurrency is a virtual currency that uses cryptography to ensure safety. The main characteristic of cryptocurrencies is their distributed nature, which distinguishes them from conventional fiat currencies regulated by national banks. Cryptocurrencies are based on blockchain—a distributed and decentralized database of all transactions, available to users in the network.

The importance of cryptocurrencies for players is high for several reasons: transaction anonymity, fast processing, 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 enhances the level of confidentiality for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

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

  • Anonymity. One of the key advantages of cryptocurrencies is anonymous transactions. Players can fund their accounts and withdraw winnings without providing personal data. This is especially crucial 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 completing a deposit) and also receive 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 traditional payment methods.
  • Reliability. Smart contracts ensure security and reliability. They self-execute the terms of transactions, entirely removing the risk of fraud or technical (banking) errors.
  • Transparency. Blockchain technology provides full transparency of all transactions. That is, each transfer is public and verifiable, minimizing 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 receive 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 is minimized.

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

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 acceptance. Here are the five main cryptocurrencies that almost every online casino supports:

  • 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 appreciated 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 no volatility (currency exchange rate changes). This feature makes USDT the preferred 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). 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 a standard for 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 mentioned above provide anonymity, reliability, and transparency of financial operations. Global experience confirms this.

Where to Keep Cryptocurrency

Before purchasing cryptocurrency, it's essential to determine where to store it—cryptocurrency wallets. The choice of a crypto wallet relies on many factors, including the variety of supported digital currencies, the level of security, the convenience of the interface, and functional features. Let's explore a few wallets for your crypto assets and their characteristics.

MetaMask

This crypto wallet is suitable for storing BTC, ETH, BNB, and several 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 are noteworthy:

  • Installation. The versatile wallet is easily installed as a browser extension. The installation process is easy and does not require special technical knowledge. After installation, the user can create a new wallet or restore an existing one using a secret phrase (seed phrase).
  • Features. Encompasses receiving, keeping, and sending cryptocurrencies. You can manage few accounts. It seamlessly integrates with decentralized applications on the Ethereum blockchain and other similar networks. This makes MetaMask especially popular among users who engage in the DeFi and NFT ecosystems.
  • Security. Strong level of security, as the user solely manages the keys. These are private keys that are saved locally and are not transmitted outside.

It is essential to remember that the choice of a crypto wallet should match your personal requirements for security, convenience, and functionality. MetaMask offers a reliable and handy solution for handling a wide range of cryptocurrencies and engaging with online casinos.

TronLink

The official storage for the TRON (TRX) cryptocurrency. It is also ideally 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 suitable for each and every TRON blockchain aficionado. It has various features:

  • Installation. For the browser, simply visit the Chrome Web Store, find TronLink, and add it to your browser. Smartphone users download 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 send and receive 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 guaranteed by various levels of protection and encryption. User keys are kept locally and are not transmitted to outside servers. It is enough to create a complex password and keep it secret.

TronLink is recommended for players who frequently operate with TRC-20 tokens. With this wallet, even a novice can effortlessly manage crypto assets. A bonus is the full engagement with projects on the TRON network.

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 arguably the most handy 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 lookup in the app and initiating a dialogue with it. Using clear and direct prompts, the wallet can be set up in 2 minutes right in your messenger.
  • Features. Users store, send, and receive TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This considerably 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 convenient when making a deposit in an online casino from a smartphone.
  • Security. The cryptocurrency wallet is intertwined into the messenger, providing a sufficient level of security through the use of modern encryption methods native 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 regular tasks without switching to external platforms.

How to Acquire Cryptocurrency

After picking the right crypto wallet, the next step is to fund it with 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 buy, sell, and exchange cryptocurrencies using different fiat currencies or other cryptocurrencies. The most well-known crypto exchanges offer a wide selection of cryptocurrencies and have robust security measures. Here are some examples of well-regarded crypto exchanges:

  • Binance. The biggest crypto exchange in the world with a wide range of cryptocurrencies and trading instruments. This is where the largest volume of crypto trading occurs. 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 perfect option for beginners. It offers direct purchasing of cryptocurrencies with fiat money and supports a large number of digital assets. It is distinguished by strong adherence to regulatory standards, adding confidence in the dependability 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 experienced users who wish to employ different trading strategies.

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

Identity Verification and Geographic Regulations

To work with crypto exchanges, you need to go through 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 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 clarify 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 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 providing a photo of a passport or other identification document, and sometimes confirming the address of residence. The process usually requires a few days.
  3. Deposit funds. After verification, you can deposit fiat currency (EUR, USD, RUB) via bank transfer or using other payment methods such as credit cards.
  4. Buy cryptocurrency. Once the funds are credited to 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 limit order.
  5. Send cryptocurrency to the online casino. To start playing in a crypto casino, you need to send 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. Double-check the information you entered at each step. Once the cryptocurrency arrives in your casino account, you can start playing. Be sure to check any casino bonuses for the deposited amount.

Crypto Exchangers

For those looking for a simpler way to obtain cryptocurrencies, crypto exchangers are a handy alternative. They commonly do not require verification and permit quick exchange of fiat money for cryptocurrency. This is a handy tool for quick transactions or exchanges of digital assets.

The main 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 generally have no strict geographic restrictions, making exchangers accessible to users globally.

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 often indicates safety and reliability of the service, as exchangers that have been operating for a long time usually accumulate experience in resolving 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 good reputation of the service, a convenient interface, and the quality of technical support.
  • Commissions. Can vary significantly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can greatly increase the cost of the operation, so select platforms with reasonable rates.
  • Transaction processing. Can be done either automatically or manually. Automatic processing systems typically provide speedier transactions, while manual management may take more time but offers an additional 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 automatically compares rates, fees, and user reviews from multiple websites for buying cryptocurrencies. It provides up-to-date and impartial information.

How to Buy Cryptocurrency at an Exchanger

The process of buying cryptocurrency through crypto exchangers and depositing into a crypto casino is simple 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. Select a Cryptocurrency. Decide on the cryptocurrency you want to buy. This could be Bitcoin, Ethereum, USDT, or other options suitable 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 an Account for Receiving Cryptocurrency. Specify the address of your crypto wallet, to which the purchased cryptocurrency will be sent. Also provide payment information, such as a bank card number or payment system data.
  5. Transfer the Money. Send the funds of the indicated amount to the wallet provided by the crypto exchange. After this, the cryptocurrency will be sent to your specified 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"" tab on the casino website.
  7. Start Playing and Winning! After the funds are deposited into your casino account, you are ready to start playing. Don't forget to check possible deposit bonuses that can increase your chances of winning.

This process is quicker and less bureaucratic compared to buying 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

Cashing-out winnings in cryptocurrency from an online casino to your crypto wallet is a simple process, similar 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. Specify the Amount. Enter the available amount you want to withdraw from your gaming 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 difficulties, move to the next step.
  4. Enter Your Crypto Wallet Address. At this stage, you need to specify the address 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 find 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 verifying the operation, the money will be sent to your crypto wallet. Processing time may vary depending on the blockchain network load.

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

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 involve some uncertainty and nervousness, but over time, the process will become nearly effortless for you.


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