Handbook to Cryptocurrencies for Online Casinos

Cryptocurrency is a digital money that uses encryption to ensure security. The primary feature of cryptocurrencies is their distributed nature, which distinguishes them from traditional fiat currencies controlled by national banks. Cryptocurrencies are based on blockchain technology, accessible to network participants.

The importance of cryptocurrencies for gamblers 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 increases the level of confidentiality for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos provides players with a range of benefits that make them an appealing choice for online gambling. This is an important 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 crucial for countries with rigid legal restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than conventional bank transfers. Thus, players can start playing instantly (after making 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 lower than those for using traditional payment methods.
• Reliability. Smart contracts stand guard over security and reliability. They automatically execute the terms of transactions, entirely eliminating the risk of fraud or technical (banking) errors.
• Transparency. Blockchain technology provides complete transparency of all transactions. That is, each transfer is public 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 serve 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 tied to any country or central bank. Vulnerability to political and economic changes remains aside.

TOP-5 Cryptocurrencies for Online Casinos

There are hundreds of cryptocurrencies, but some are particularly favored among online casinos. Some of them distinguish themselves for their outstanding 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 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 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 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 popular worldwide. BNB quickly became a means of payment in many 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 low transfer commissions. Now TON is synonymous with an effective and reliable system for transactions in online casinos.

Where to Hold Cryptocurrency

Before obtaining cryptocurrency, it's important to decide on where to secure it—digital wallets. The choice of a crypto wallet relies on many factors, including the variety of supported digital currencies, the security level, the convenience of the user interface, and functionalities. Let's look at various wallets for your crypto assets and their features.

MetaMask

This crypto wallet is ideal for holding 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 various features that should not be ignored:

• Installation. The multi-currency wallet is quickly 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. Encompasses accepting, storing, and sending cryptocurrencies. You can manage few accounts. It smoothly integrates with DApps on the Ethereum blockchain and other compatible networks. This makes MetaMask particularly popular among users who actively participate in the DeFi and NFT ecosystems.
• Security. Elevated level of security, as the user completely controls the keys. These are private keys that are saved on the device and are not transmitted outside.

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 ideal for every single TRON blockchain enthusiast. It has multiple features:

• Installation. For the browser, simply visit 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 standard 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 engage with decentralized applications 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 various levels of protection and encryption. User keys are kept on the device and are not transmitted to outside servers. It is enough to establish a complex password and keep it safe.

Crypto Wallet in Telegram (@wallet)

Online casinos frequently utilize the advantages of the TON ecosystem, one of the main 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 accomplished by searching for the bot through the lookup in the app and initiating a dialogue with it. Following clear and direct prompts, the wallet can be configured in 2 minutes right in your messenger.
• Features. Users keep, send, and get TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This significantly eases the process of using cryptocurrency, as it does not require adding extra 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 intertwined into the messenger, offering a adequate level of security through the use of sophisticated encryption methods native 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 Buy Cryptocurrency

After choosing the suitable crypto wallet, the next step is to deposit cryptocurrency. For this, there are specific platforms - crypto exchanges and crypto exchangers. Each option offers particular services, conditions, and degrees of security. Let's start with cryptocurrency exchanges.

Cryptocurrency Exchanges

Crypto exchanges are digital marketplaces where you can purchase, sell, and swap cryptocurrencies using different fiat currencies or alternative digital assets. The most renowned crypto exchanges offer a vast 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 instruments. This is where the largest volume of crypto trading occurs. Binance features low fees, high liquidity, and multiple trading options, including futures and margin trading.
• Coinbase. Attracts users with its easy-to-navigate 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, boosting confidence in the trustworthiness of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers low costs, fast order execution, and sophisticated trading tools. Bybit is appropriate for more experienced users who wish to leverage different trading strategies.

Identity Verification and Geographic Restrictions

To work with crypto exchanges, you need to go through the identity verification process (KYC), which helps exchanges fight against fraud and money laundering. This process includes providing a photo of an ID or other personal information.

It is also important to remember 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 platform or through technical support.

How to Purchase Cryptocurrency on a Crypto Exchange

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

1. Sign Up. To begin, you need to select a crypto exchange and register an account there. The registration process 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 sending a photo of a passport or another form of ID, and sometimes confirming 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 reach your account, you can acquire cryptocurrency. Pick 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 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, specifying the casino wallet address.
6. Confirm the transaction and start playing. Double-check the information you entered at each step. Once the cryptocurrency is deposited into 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 more straightforward way to acquire cryptocurrencies, crypto exchangers are a practical alternative. They commonly do not require verification and permit fast exchange of fiat money for cryptocurrency. This is a convenient tool for fast purchases 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 expedites the transaction process. Also, they generally have no strict geographic restrictions, making exchangers accessible to users globally.

To choose a worthy cryptocurrency exchange service, pay attention to the following aspects:

• Project age. Serves as an sign of the reliability of the exchanger. Extended 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 ratings. A critically important aspect when choosing an exchanger. A great amount of positive reviews can signify a good reputation of the service, a easy-to-use interface, and the quality of technical support.
• Fees. Can vary greatly 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 affordable rates.
• Payment processing. Can be done either automatically or manually. Automatic processing systems generally provide faster transactions, while manual management may require more time but offers an extra level of control over the security of operations.

How to Purchase Cryptocurrency at an Exchanger

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

1. Select a Crypto Exchanger. Use the BestChange exchange monitoring service to find a reliable exchanger with the best rates and feedbacks. The platform lists 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 available for depositing into an online casino.
3. Set the Currency and Payment Amount. Choose the currency you have (USD, EUR, RUB) and specify the amount you want to acquire cryptocurrency for.
4. Provide an Account for Receiving Cryptocurrency. Indicate 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. Complete the payment 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. 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 find the deposit details in the ""Deposit"" tab on the casino website.
7. Start Playing and Winning! After the funds are credited to your casino account, you are ready to start playing. Don't forget to check 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 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. Specify the Amount. Enter the available amount you want to withdraw from your gaming balance.
3. Select 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 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 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 change depending on the blockchain network load.

Summary

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