Crypto Guide

Cryptocurrency is a electronic money that uses cryptography to ensure security. The main characteristic of cryptocurrencies is their distributed nature, which differentiates them from traditional government-issued money regulated by national banks. Cryptocurrencies are based on a blockchain system, available to network participants.

The importance of cryptocurrencies for players is high for several reasons: anonymity of transactions, high speed, and freedom from political and economic shifts. Using cryptocurrencies in online casinos enables players to bypass issues with banking and government restrictions, as well as increases the degree of confidentiality for financial operations.

Advantages of Cryptocurrencies for Online Casino Players

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

• Anonymity. One of the major advantages of cryptocurrencies is private transactions. Players can top up their accounts and cash out winnings without providing personal data. This is especially important for countries with strict legal restrictions on gambling.
• Speed. Cryptocurrency transactions are processed much faster than conventional 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 lower than those for using traditional payment methods.
• Reliability. Smart contracts stand guard over security and reliability. They self-execute the terms of transactions, entirely removing the possibility of fraud or technical (banking) errors.
• Transparency. Blockchain technology ensures full transparency of all transactions. That is, each transfer is public and verifiable, reducing 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 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 exceptionally suitable for use in online casinos. A more convenient, safe, and potentially lucrative tool has not yet been invented.

TOP-5 Cryptocurrencies for Online Casinos

There are hundreds of cryptocurrencies, but some are particularly popular among online casinos. Some of them distinguish themselves for their exceptional reliability, ease of use, and widespread adoption. 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 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 tied to the US dollar rate. This provides almost no 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 services, including online casinos.
• Toncoin (TON). Originally an internal token of the Telegram messenger. The cryptocurrency gained rapid popularity due to high transaction speeds and small transfer fees. Now TON is synonymous with 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 openness of financial operations. Global experience confirms this.

Where to Keep Cryptocurrency

Before acquiring cryptocurrency, it’s important to decide on where to store it—crypto wallets. The choice of a crypto wallet relies on many factors, including the supported cryptocurrencies, the security level, the convenience of the interface, and functional features. Let’s explore a few wallets for your crypto holdings and their characteristics.

MetaMask

This crypto wallet is appropriate for keeping 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 cannot be overlooked:

• Installation. The versatile wallet is easily installed as a browser extension. The installation process is simple 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. Includes accepting, storing, and sending cryptocurrencies. You can manage multiple accounts. It smoothly integrates with DApps on the Ethereum blockchain and other similar networks. This makes MetaMask especially popular among users who take part in the DeFi and NFT ecosystems.
• Security. High level of security, as the user completely controls the keys. These are private keys that are saved locally and are not transmitted externally.

It is crucial to remember that the choice of a crypto wallet should fit your personal preferences for security, convenience, and functionality. MetaMask offers a reliable and convenient 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 well-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 every single TRON blockchain supporter. It has various features:

• Installation. For the browser, simply go to 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 installing 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 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 security of funds is provided by several levels of security and encryption. User keys are stored on the device and are not transmitted to external servers. It is enough to create a strong password and keep it secret.

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

Crypto Wallet in Telegram (@wallet)

Online casinos make use of the pros 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 activate the @wallet bot in the messenger. This can be achieved by locating the bot through the search in the app and initiating a dialogue with it. Adhering to simple and easy prompts, the wallet can be configured in 2 minutes right in your messenger.
• Features. Users store, send, and get TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This considerably simplifies the procedure of using cryptocurrency, as it does not require adding extra apps or programs. Transactions here are finished 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 sufficient level of security through the use of advanced encryption methods built-in to the Telegram platform. Without your knowledge, funds will not leave your account, but the primary thing is to protect your Telegram account itself.

Based on feedback from players on specialized forums and social networks, the Telegram cryptocurrency wallet is rapidly gaining preference among bettors who value the speed and ease of transactions. Also, use the cryptocurrency in the @wallet for everyday tasks without moving to external platforms.

How to Purchase Cryptocurrency

After picking 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 degrees of security. Let’s start with cryptocurrency exchanges.

Cryptocurrency Exchanges

Crypto exchanges are digital marketplaces where you can buy, trade, and swap cryptocurrencies using various fiat currencies or other cryptocurrencies. The most well-known crypto exchanges offer a broad 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 wide range of cryptocurrencies and trading instruments. This is where the largest volume of crypto trading takes place. Binance features competitive rates, high liquidity, and numerous trading options, including futures and margin trading.
• Coinbase. Captures the interest of users with its easy-to-navigate interface, making it an excellent option for beginners. It offers immediate buying of cryptocurrencies with fiat money and supports a wide array of digital assets. It is distinguished by strong adherence to regulatory standards, providing confidence in the reliability of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers competitive fees, quick trades, and sophisticated trading tools. Bybit is appropriate for more experienced users who wish to utilize multiple trading strategies.

The choice of a crypto exchange for purchasing 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 Restrictions

To work with crypto exchanges, you need to undergo 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 keep in mind that some crypto exchanges do not provide their services to citizens of certain countries due to regulatory restrictions. Always check the availability of the exchange 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 acquiring 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 select a crypto exchange and register an account there. The registration process usually requires entering basic information such as name, email, and password.
2. Finish identity verification. To meet regulatory requirements, most crypto exchanges require identity verification. This may involve submitting 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 currency (EUR, USD, RUB) via bank transfer or using other payment methods such as credit cards.
4. Purchase cryptocurrency. Once the funds arrive in 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. 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 done through the withdrawal function on the exchange, indicating the casino wallet address.
6. Confirm the transaction and start playing. Verify the information you provided at each step. Once the cryptocurrency is deposited into your casino account, you can commence play. 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 handy alternative. They usually do not require verification and allow quick exchange of fiat money for cryptocurrency. This is a convenient tool for speedy buying 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 typically have no strict geographic restrictions, making exchangers available to users globally.

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

• Project age. Serves as an sign of the reliability of the exchanger. Long-term presence in the market often 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 vital aspect when choosing an exchanger. A large number of positive reviews can indicate a positive reputation of the service, a easy-to-use interface, and the quality of technical support.
• Fees. Can vary significantly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can considerably raise the cost of the operation, so choose platforms with affordable rates.
• Payment processing. Can be done either automatically or manually. Automatic processing systems generally provide speedier transactions, while manual management may require more time but offers an extra 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 platforms for buying cryptocurrencies. It delivers latest and impartial information.

How to Buy 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. Choose 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. Choose a Cryptocurrency. Pick the cryptocurrency you want to acquire. This could be Bitcoin, Ethereum, USDT, or various options suitable for depositing into an online casino.
3. Specify the Currency and Payment Amount. Select 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. Make the transfer of the specified amount to the wallet provided by the crypto exchange. After this, the cryptocurrency will be sent to your chosen 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” 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 boost your chances of winning.

This process is faster 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 variety 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, 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 profile on the casino website, find the “Withdraw” tab.
2. Specify 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 want to receive your winnings. Usually, it is the same cryptocurrency in which the deposit was made. If there are no difficulties, proceed to the next step.
4. Input Your Crypto Wallet Address. At this stage, you need to provide 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 email.
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.

By following these steps, you can securely withdraw your winnings from the crypto casino. Enjoy 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 depositing into 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 ask for help from online consultants, who are available 24/7 and prepared to assist 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!