Crypto Guide

Cryptocurrency is a digital money that uses cryptography to ensure safety. The main feature of cryptocurrencies is their decentralized nature, which distinguishes them from traditional government-issued money controlled by national banks. Cryptocurrencies are based on blockchain technology, available to network participants.

The relevance of cryptocurrencies for gamblers is high for several reasons: transaction anonymity, fast processing, and freedom from political and economic shifts. Using cryptocurrencies in online casinos allows players to avoid issues with banking and government restrictions, as well as increases the level of privacy for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos offers players with a range of advantages that make them an attractive option 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 crucial for countries with strict legal restrictions on gambling.
• Speed. Cryptocurrency transactions are processed much faster than traditional bank transfers. Thus, players can start playing instantly (after completing 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 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 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 is minimized.

All these factors make cryptocurrencies exceptionally suitable for use in online casinos. A more user-friendly, 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 favored among online casinos. Some of them distinguish themselves for their exceptional reliability, ease of use, and widespread adoption. Here are the five main cryptocurrencies that almost every online casino accepts:

• Bitcoin (BTC). Bitcoin is regarded as 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 send and receive 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 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 widely used worldwide. BNB quickly became a means of payment in various 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 efficient and reliable system for transactions in online casinos.

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

Where to Keep Cryptocurrency

Before purchasing cryptocurrency, it’s essential to determine where to store it—crypto wallets. The choice of a crypto wallet relies on many aspects, including the variety of supported digital currencies, the level of security, the ease of use of the interface, and functional features. Let’s explore several wallets for your crypto assets and their attributes.

MetaMask

This crypto wallet is appropriate for holding 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 various features that are noteworthy:

• Installation. The multi-currency wallet is easily installed as a browser extension. The process of installation is simple and does not require advanced technical knowledge. After installation, the user can establish a new wallet or restore an existing one using a secret phrase (seed phrase).
• Features. Involves accepting, keeping, and sending cryptocurrencies. You can manage multiple accounts. It easily integrates with DApps on the Ethereum blockchain and other similar 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 kept locally and are not transmitted outside.

It is important to remember that the choice of a crypto wallet should fit your personal needs for security, convenience, and functionality. MetaMask offers a dependable and easy-to-use solution for handling a wide range of cryptocurrencies and interacting with online casinos.

TronLink

The designated storage for the TRON (TRX) cryptocurrency. It is also ideally 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 ideal for each and every TRON blockchain aficionado. 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 follow 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 use dApps 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 security of funds is provided by multiple levels of protection and encryption. User keys are stored locally and are not transmitted to external servers. It is enough to create a complex password and keep it safe.

TronLink is suggested for players who regularly operate with TRC-20 tokens. With this wallet, even a novice can effortlessly manage crypto holdings. 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 perhaps 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 done by locating the bot through the lookup in the app and starting a dialogue with it. Adhering to clear and direct prompts, the wallet can be established in 2 minutes right in your messenger.
• Features. Users store, send, and receive TON, BTC, and USDT cryptocurrencies directly within the Telegram interface. This greatly streamlines the procedure of using cryptocurrency, as it does not require installing additional apps or programs. Transactions here are finished in a few clicks, which is particularly useful when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is integrated into the messenger, supplying a sufficient security level through the use of advanced encryption methods inherent to the Telegram platform. Without your knowledge, funds will not leave your account, but the key thing is to secure your Telegram account itself.

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

How to Acquire Cryptocurrency

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

Cryptocurrency Exchanges

Crypto exchanges are digital marketplaces where you can purchase, sell, and exchange cryptocurrencies using multiple fiat currencies or other cryptocurrencies. The most renowned crypto exchanges offer a broad selection of cryptocurrencies and have strong security measures. Here are some examples of trustworthy 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 happens. Binance features competitive rates, extensive liquidity, and multiple trading options, including futures and margin trading.
• Coinbase. Draws in 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 wide array of digital assets. It is distinguished by strict adherence to regulatory standards, providing confidence in the reliability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers low costs, speedy transactions, and advanced trading tools. Bybit is ideal for more experienced users who wish to utilize different trading strategies.

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

Identity Verification and Geographic Restrictions

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

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 confirm the terms of service on the official website or through technical support.

How to Buy 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. Sign Up. 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. Complete identity verification. To comply with regulatory requirements, most crypto exchanges require identity verification. This may involve sending a photo of a passport or another form of ID, and sometimes verifying 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 payment systems such as credit cards.
4. Buy cryptocurrency. Once the funds are credited to your account, you can purchase 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 start playing in a crypto casino, you need to transfer some of the purchased 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 provided 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.

Crypto Exchangers

For those seeking a simpler way to get 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 minimizes the entry barrier for new users and expedites the transaction process. Also, they usually have no strict geographic restrictions, making exchangers available to users worldwide.

To choose a trustworthy 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 often shows safety 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 indicate a good reputation of the service, a user-friendly interface, and the quality of technical support.
• Commissions. Can differ significantly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can significantly increase the cost of the operation, so select platforms with competitive rates.
• Transaction processing. Can be executed either automatically or manually. Auto processing systems typically provide faster transactions, while manual management may require more time but provides 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 systematically compares rates, fees, and user reviews from multiple platforms for buying cryptocurrencies. It delivers up-to-date and objective 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 open. 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 displays exchanges with latest rates and exchange conditions.
2. Select a Cryptocurrency. Decide on the cryptocurrency you want to purchase. This could be Bitcoin, Ethereum, USDT, or other 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 acquire cryptocurrency for.
4. Provide the Wallet for Receiving Cryptocurrency. Provide 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. Make the transfer of the indicated amount to the wallet provided by the crypto exchange. After this, the cryptocurrency will be sent to your indicated crypto wallet.
6. Deposit into the Online Casino. Once the cryptocurrency is deposited into 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 transferred to your casino account, you are prepared to start playing. Don’t forget to look for possible deposit bonuses that can enhance your chances of winning.

This process is quicker and less bureaucratic compared to purchasing through cryptocurrency exchanges, as most exchangers do not require registration or verification. It is the most accessible 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 profile on the casino website, find the “Withdraw” tab.
2. Set the Amount. Enter the eligible 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 specify the address 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 security level 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. Relish this time comfortably, knowing that the honestly won amount is in full safety on your wallet.

Summary

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

Do not hesitate to seek help from online consultants, who are accessible 24/7 and ready to assist 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!