Crypto Guide

Cryptocurrency is a electronic currency that uses cryptography to ensure security. The primary feature of cryptocurrencies is their distributed nature, which differentiates them from conventional government-issued money controlled by central banks. Cryptocurrencies are based on a blockchain system, available to network participants.

The relevance of cryptocurrencies for players is significant for several reasons: transaction anonymity, fast processing, and freedom from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos allows players to avoid difficulties with banking and government restrictions, as well as increases the degree of confidentiality for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

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

• Anonymity. One of the major advantages of cryptocurrencies is anonymous transactions. Players can top up their accounts and cash out winnings without providing personal data. This is especially important 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 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 stand guard over security and reliability. They self-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, minimizing the risk of fraud since the transfer is easily traceable.
• Investment. Cryptocurrencies not only serve as a means of payment but can also serve as an investment asset. Their value can significantly 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.

All these factors make cryptocurrencies highly suitable for use in online casinos. A more user-friendly, safe, 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 distinguish themselves for their outstanding reliability, ease of use, and widespread adoption. 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 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 preferred 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 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 synonymous with an efficient and reliable system for transactions in online casinos.

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

Where to Store Cryptocurrency

Before obtaining cryptocurrency, it’s crucial to choose where to store it—cryptocurrency wallets. The choice of a cryptocurrency wallet relies on many elements, including the types of supported currencies, the security level, the convenience of the interface, and functional features. Let’s look at several wallets for your crypto assets and their characteristics.

MetaMask

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

• Installation. The versatile wallet is quickly installed as a browser extension. The installation process is easy and does not require special technical knowledge. After installation, the user can establish a new wallet or import an existing one using a secret phrase (seed phrase).
• Features. Encompasses accepting, keeping, and transferring cryptocurrencies. You can manage few accounts. It smoothly integrates with decentralized applications on the Ethereum blockchain and other similar networks. This makes MetaMask particularly popular among users who take part in the DeFi and NFT ecosystems.
• Security. Strong level of security, as the user completely controls the keys. These are private keys that are kept on the device and are not transmitted externally.

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

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 ideal for all and every TRON blockchain supporter. It has several features:

• Installation. For the browser, simply go to the Chrome Web Store, locate TronLink, and install it to your browser. Smartphone owners get 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 interact with dApps on the TRON blockchain. There is a feature to swap one cryptocurrency for another within the wallet itself. You can generate and switch between multiple wallets.
• Security. The safeguarding of assets is provided by various layers of protection and encryption. User keys are kept locally and are not transmitted to external servers. It is enough to set up a strong password and keep it secret.

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

Crypto Wallet in Telegram (@wallet)

Online casinos actively use the pros of the TON ecosystem, one of the principal ones being the crypto wallet built right into the Telegram messenger. This is potentially the most handy tool for online casino players who use Telegram.

• Installation. To start using the cryptocurrency wallet in Telegram, you need to activate the @wallet bot in the messenger. This can be achieved by finding the bot through the search in the app and beginning a dialogue with it. Following clear and easy prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users keep, transmit, and get TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This significantly streamlines the procedure of using cryptocurrency, as it does not require installing more apps or programs. Transactions here are finished in a few clicks, which is especially 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 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.

According to feedbacks from players on specialized forums and social networks, the Telegram cryptocurrency wallet is quickly gaining preference among bettors who value the speed and convenience of transactions. Also, use the cryptocurrency in the @wallet for daily tasks without moving to other platforms.

How to Buy Cryptocurrency

After selecting the right crypto wallet, the next step is to fund it with cryptocurrency. For this, there are specific platforms – cryptocurrency 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 online platforms where you can acquire, 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 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 happens. Binance features competitive rates, extensive liquidity, and multiple trading options, including futures and margin trading.
• Coinbase. Captures the interest of users with its user-friendly and intuitive interface, making it an ideal option for beginners. It offers immediate buying of cryptocurrencies with fiat money and supports a vast selection of digital assets. It is distinguished by strict adherence to regulatory standards, adding confidence in the reliability of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers low costs, fast order execution, and advanced trading tools. Bybit is appropriate for more sophisticated users who wish to utilize multiple trading strategies.

The choice of a crypto exchange for purchasing cryptocurrency will depend on personal preferences for user experience, as well as geographic restrictions imposed by the trading platform.

Identity Verification and Geographic Regulations

To work with crypto exchanges, you need to complete the identity verification process (KYC), which helps exchanges combat fraud and money laundering. This process includes providing a photo of an ID 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 confirm the terms of service on the official website or through technical support.

How to Buy 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. Registration. To begin, you need to pick a crypto exchange and sign up for an account there. The registration procedure usually requires entering basic information such as name, email, and password.
2. Finish identity verification. To comply with 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 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 electronic wallets.
4. Purchase cryptocurrency. Once the funds arrive in your account, you can purchase cryptocurrency. Choose 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 start playing in a crypto casino, you need to send some of the purchased cryptocurrency to the casino’s account. This is accomplished through the withdrawal function on the exchange, indicating the casino wallet address.
6. Confirm the transaction and start playing. Ensure the information you input at each step. Once the cryptocurrency reaches your casino account, you can commence play. Be sure to check any casino bonuses for the deposited amount.

Cryptocurrency Exchangers

For those seeking a more straightforward 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 convenient tool for quick purchases or exchanges of digital assets.

The biggest advantages of crypto exchangers include the lack of registration and verification, which minimizes 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 worthy 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 shows stability and reliability of the service, as exchangers that have been operating for a long time often accumulate experience in resolving various operational problems.
• Number of users and ratings. A vital 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 differ significantly depending on the exchanger, the type of currency, and the transaction amount. High fees can considerably increase the cost of the operation, so select platforms with competitive rates.
• Transaction processing. Can be executed either automated or manually. Automatic processing systems typically provide speedier transactions, while manual management may take more time but offers an extra level of control over the security of operations.

To ease the selection 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 delivers current and impartial information.

How to Buy Cryptocurrency at an Exchanger

The process of purchasing cryptocurrency through crypto exchangers and depositing into a crypto casino is simple 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 shows exchanges with up-to-date 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. Pick the currency you have (USD, EUR, RUB) and specify the amount you want to purchase cryptocurrency for.
4. Provide the Wallet for Receiving Cryptocurrency. Provide 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 specified 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 get the deposit details in the “Deposit” tab on the casino website.
7. Start Playing! After the funds are credited to your casino account, you are prepared to start playing. Don’t forget to check possible deposit bonuses that can enhance your chances of winning.

This process is faster 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 wide range 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 simple 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 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, move 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. Ensure 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 confirmed by you, depending on the protection set on your account. This might be done through two-factor authentication or e-mail.
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.

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

Conclusion

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 confusion and trepidation, but over time, the process will become almost automatic for you.

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