Crypto Guide

Cryptocurrency is a virtual currency that uses encryption to ensure safety. The primary characteristic of cryptocurrencies is their decentralized nature, which distinguishes them from conventional government-issued money controlled by central banks. Cryptocurrencies are based on a blockchain system, available to users in the network.

The importance of cryptocurrencies for gamblers is high for several reasons: anonymity of transactions, high speed, and independence from geopolitical and macroeconomic changes. Using cryptocurrencies in online casinos allows players to bypass difficulties with banking and government restrictions, as well as enhances the degree of privacy for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

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

• Anonymity. One of the major advantages of cryptocurrencies is anonymous transactions. Players can top up their accounts and cash out winnings without sharing personal data. This is especially important for countries with rigid legal restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than traditional bank transfers. Thus, players can start playing 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 ensure security and reliability. They self-execute the terms of transactions, completely removing the risk of fraud or technical (banking) errors.
• Transparency. Blockchain technology provides full transparency of all transactions. That is, each transfer is open 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 significantly 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 highly suitable for use in online casinos. A more convenient, secure, and potentially profitable tool has not yet been invented.

TOP-5 Cryptocurrencies for Online Casinos

There are thousands of cryptocurrencies, but some are particularly favored among online casinos. Some of them stand out 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 regarded as 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 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 transfer 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 provides almost zero volatility (currency exchange rate changes). This point 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 widely used worldwide. BNB quickly became a means of payment in many projects, 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 commissions. Now TON is synonymous with an effective and reliable system for transactions in online casinos.

Selecting a cryptocurrency for betting in online casinos can significantly impact the gaming experience. But rest assured, the cryptocurrencies listed above provide anonymity, security, and transparency of financial operations. Global experience confirms this.

Where to Hold Cryptocurrency

Before purchasing cryptocurrency, it’s important to determine where to secure it—cryptocurrency wallets. The choice of a crypto wallet depends on many elements, including the variety of supported digital currencies, the level of security, the ease of use of the user interface, and functional features. Let’s examine a few wallets for your crypto holdings and their attributes.

MetaMask

This crypto wallet is appropriate for storing BTC, ETH, BNB, and several other cryptocurrencies. It is favored 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 should not be ignored:

• Installation. The multi-currency wallet is easily installed as a browser extension. The process of installation is easy and does not require specific technical knowledge. After installation, the user can establish a new wallet or restore an existing one using a secret phrase (seed phrase).
• Features. Includes accepting, storing, and transferring cryptocurrencies. You can manage multiple accounts. It seamlessly integrates with DApps on the Ethereum blockchain and other compatible networks. This makes MetaMask particularly popular among users who engage in the DeFi and NFT ecosystems.
• Security. Elevated security level, as the user completely controls the keys. These are private keys that are saved on the device and are not transmitted outside.

It is crucial to remember that the choice of a crypto wallet should align with your personal needs for security, convenience, and functionality. MetaMask offers a trustworthy and easy-to-use 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 well-suited for handling 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 appropriate for every single TRON blockchain supporter. It has several features:

• Installation. For the browser, simply go to the Chrome Web Store, find TronLink, and add it to your browser. Smartphone owners 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 transact with TRX and TRC-20 tokens, like USDT, but also engage with dApps 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 provided by multiple levels of security and encryption. User keys are held on the device and are not transmitted to external servers. It is enough to establish a complex password and keep it safe.

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

Crypto Wallet in Telegram (@wallet)

Online casinos actively use the pros 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 initiate the @wallet bot in the messenger. This can be achieved by finding the bot through the search in the app and initiating a dialogue with it. Following straightforward and easy prompts, the wallet can be set up in 2 minutes right in your messenger.
• Features. Users keep, send, and get TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This significantly simplifies the procedure of using cryptocurrency, as it does not require adding more apps or programs. Transactions here are done in a few clicks, which is especially handy when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is integrated into the messenger, providing a adequate level of security through the use of advanced encryption methods native to the Telegram platform. Without your knowledge, funds will not leave your account, but the primary thing is to protect your Telegram account itself.

According to feedbacks from players on specialized forums and social networks, the Telegram cryptocurrency wallet is rapidly gaining fame among players who appreciate the speed and convenience of transactions. Also, use the cryptocurrency in the @wallet for regular tasks without switching to external platforms.

How to Purchase Cryptocurrency

After selecting the suitable crypto wallet, the next step is to fund it with cryptocurrency. For this, there are specialized platforms – cryptocurrency exchanges and crypto exchangers. Each option offers specific services, conditions, and degrees of security. Let’s start with cryptocurrency exchanges.

Cryptocurrency Exchanges

Crypto exchanges are digital marketplaces where you can acquire, sell, and exchange cryptocurrencies using multiple fiat currencies or alternative digital assets. The most renowned crypto exchanges offer a broad selection of cryptocurrencies and have strong security measures. Here are some examples of reputable crypto exchanges:

• Binance. The largest crypto exchange in the world with a vast range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading takes place. Binance features low fees, extensive liquidity, and multiple trading options, including futures and margin trading.
• Coinbase. Attracts 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 rigorous compliance to regulatory standards, adding confidence in the reliability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers competitive fees, fast order execution, and powerful trading tools. Bybit is appropriate for more sophisticated users who wish to leverage multiple 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 fight against fraud and money laundering. This process includes submitting a photo of an ID 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 legal constraints. Always verify the availability of the exchange in your region and clarify the terms of service on the platform or through technical support.

How to Buy Cryptocurrency on a Crypto Exchange

The process of purchasing 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 select a crypto exchange and create an account there. The registration process usually requires 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 other identification document, and sometimes verifying the address of residence. The process usually takes several days.
3. Deposit funds. After verification, you can deposit fiat money (EUR, USD, RUB) via bank transfer or using payment systems such as credit cards.
4. Buy cryptocurrency. Once the funds reach your account, you can buy cryptocurrency. Select the desired cryptocurrency and set a purchase order at the current market rate or set your price with a purchase order.
5. Send cryptocurrency to the online casino. To play in a crypto casino, you need to transfer some of the acquired cryptocurrency to the casino’s account. This is done 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 begin gaming. Be sure to look for any casino bonuses for the deposited amount.

Crypto Exchangers

For those looking for a more straightforward way to get cryptocurrencies, crypto exchangers are a handy alternative. They commonly do not require verification and allow fast exchange of fiat money for cryptocurrency. This is a convenient tool for fast transactions or exchanges of digital assets.

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

To choose a trustworthy 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 suggests stability and reliability of the service, as exchangers that have been operating for a long time usually accumulate experience in addressing various operational problems.
• Number of users and ratings. A vital aspect when choosing an exchanger. A large number of positive reviews can signify a good reputation of the service, a user-friendly interface, and the quality of technical support.
• Fees. Can fluctuate considerably depending on the exchanger, the type of currency, and the transaction amount. High fees can significantly increase the cost of the operation, so select platforms with competitive rates.
• Transaction processing. Can be executed either automated or manually. Automatic processing systems usually provide speedier transactions, while manual management may take more time but provides an additional level of control over the security of operations.

To simplify the selection of a crypto exchanger, use specialized monitoring services such as BestChange. The service automatically compares rates, fees, and user reviews from multiple platforms for buying cryptocurrencies. It offers up-to-date and objective information.

How to Purchase 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 locate a reliable exchanger with the best rates and feedbacks. The platform lists exchanges with up-to-date rates and exchange conditions.
2. Select a Cryptocurrency. Decide on the cryptocurrency you want to buy. This could be Bitcoin, Ethereum, USDT, or various options suitable for depositing into an online casino.
3. Set the Currency and Payment Amount. Select the currency you have (USD, EUR, RUB) and indicate the amount you want to buy cryptocurrency for.
4. Provide an Account 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. Send the funds of the indicated amount to the account provided by the crypto exchange. After this, the cryptocurrency will be sent to your chosen crypto wallet.
6. Deposit 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! After the funds are transferred to your casino account, you are prepared to start playing. Don’t forget to look for possible deposit bonuses that can increase your chances of winning.

This process is quicker and less bureaucratic compared to acquiring 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

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” 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, 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. Ensure 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 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 following these steps, you can securely withdraw your winnings from the crypto casino. Enjoy this time confidently, knowing that the honestly won amount is in complete safety on your wallet.

Conclusion

Now you are familiar with the basics of using cryptocurrency: from purchasing and storing to depositing into an online casino and withdrawing winnings. The first time may bring some confusion and trepidation, but over time, the process will become almost automatic for you.

Do not hesitate to seek 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!