Crypto Guide

Cryptocurrency is a electronic money that uses cryptography to ensure safety. The main feature of cryptocurrencies is their decentralized nature, which differentiates them from traditional government-issued money controlled by central banks. Cryptocurrencies are based on blockchain—a distributed and decentralized database of all transactions, available to users in the network.

The relevance of cryptocurrencies for gamblers is significant for several reasons: transaction anonymity, high speed, and independence 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 provides players with a variety of benefits that make them an appealing choice for online gambling. This is an crucial part that warrants attention. Namely:

• Anonymity. One of the key advantages of cryptocurrencies is anonymous transactions. Players can top up their accounts and cash out winnings without providing personal data. This is especially crucial for countries with rigid legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are processed much faster than traditional bank transfers. Thus, players can begin gaming 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 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 risk of fraud or technical (banking) errors.
• Transparency. Blockchain technology ensures full transparency of all transactions. That is, each transfer is open and verifiable, reducing 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 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 highly 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 hundreds of cryptocurrencies, but some are particularly popular 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 accepts:

• 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 prized 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 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 pegged to the US dollar rate. This provides almost no 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 brainchild 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 fees. 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 change the gaming experience. But rest assured, the cryptocurrencies mentioned above provide anonymity, reliability, and transparency of financial operations. Global experience confirms this.

Where to Keep Cryptocurrency

Before obtaining cryptocurrency, it’s crucial to choose where to keep it—cryptocurrency wallets. The choice of a crypto wallet is influenced by many aspects, including the supported cryptocurrencies, the security level, the ease of use of the interface, and functional features. Let’s look at several wallets for your crypto assets and their characteristics.

MetaMask

This crypto wallet is appropriate for holding BTC, ETH, BNB, and many 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 various features that are noteworthy:

• Installation. The multi-currency wallet is readily installed as a browser extension. The process of installation is straightforward 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. Encompasses accepting, storing, and sending cryptocurrencies. You can manage multiple accounts. It smoothly integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask notably popular among users who take part in the DeFi and NFT ecosystems.
• Security. Strong security level, as the user solely manages the keys. These are private keys that are stored locally and are never transmitted externally.

It is crucial to remember that the choice of a crypto wallet should fit your personal needs for security, convenience, and functionality. MetaMask offers a trustworthy and convenient solution for handling a wide range of cryptocurrencies and engaging 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 appropriate 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 owners get the app from the App Store or Google Play. Just go through the typical 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 create and switch between multiple wallets.
• Security. The security of funds is ensured by various levels of protection and encryption. User keys are held locally and are not transmitted to outside servers. It is enough to create a strong password and keep it safe.

TronLink is advised for players who regularly operate with TRC-20 tokens. With this wallet, even a beginner can easily manage crypto assets. A plus 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 convenient 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 finding the bot through the lookup in the app and beginning a dialogue with it. Following straightforward and direct prompts, the wallet can be configured in 2 minutes right in your messenger.
• Features. Users keep, send, and receive TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This significantly streamlines the procedure of using cryptocurrency, as it does not require adding extra apps or programs. Transactions here are done in a few clicks, which is particularly handy when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is intertwined into the messenger, providing a suitable security level 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 secure your Telegram account itself.

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

How to Purchase Cryptocurrency

After selecting the right crypto wallet, the next step is to deposit cryptocurrency. For this, there are specialized platforms – cryptocurrency exchanges and crypto exchangers. Each option offers specific 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 various fiat currencies or other cryptocurrencies. The most well-known crypto exchanges offer a wide selection of cryptocurrencies and have solid security measures. Here are some examples of reputable crypto exchanges:

• Binance. The biggest crypto exchange in the world with a broad range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading happens. Binance features low fees, high liquidity, and numerous trading options, including futures and margin trading.
• Coinbase. Attracts users with its user-friendly and intuitive interface, making it an ideal option for beginners. It offers direct purchasing of cryptocurrencies with fiat money and supports a vast selection of digital assets. It is distinguished by strict adherence to regulatory standards, providing confidence in the trustworthiness of operations.
• Bybit. Specializes in cryptocurrency derivatives and margin trading. The exchange offers low costs, fast order execution, and advanced trading tools. Bybit is appropriate for more experienced users who wish to employ different trading strategies.

The choice of a crypto exchange for buying 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 Regulations

To work with crypto exchanges, you need to go through the identity verification process (KYC), which helps exchanges prevent fraud and money laundering. This process includes submitting a photo of an identity document 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 legal constraints. Always check the availability of the exchange in your region and clarify 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 depositing it into an online casino consists of several steps.

1. Registration. To begin, you need to pick a crypto exchange and register 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 submitting a photo of a passport or another form of ID, and sometimes confirming 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 debit cards.
4. Purchase cryptocurrency. Once the funds reach your account, you can buy cryptocurrency. Choose the desired cryptocurrency and make 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 transfer 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. Double-check the information you provided at each step. Once the cryptocurrency reaches 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 obtain cryptocurrencies, crypto exchangers are a convenient alternative. They usually do not require verification and allow fast exchange of fiat money for cryptocurrency. This is a convenient tool for fast buying or exchanges of digital assets.

The biggest 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 worldwide.

To pick a reliable 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 shows safety and reliability of the service, as exchangers that have been operating for a long time usually accumulate experience in resolving various operational problems.
• Number of users and feedbacks. A vital aspect when choosing an exchanger. A great amount of positive reviews can indicate a positive reputation of the service, a easy-to-use 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 raise the cost of the operation, so choose platforms with competitive rates.
• Payment processing. Can be executed either automatically or manually. Automatic 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 automatically compares rates, fees, and user reviews from multiple websites for buying cryptocurrencies. It delivers latest and objective information.

How to Purchase Cryptocurrency at an Exchanger

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

1. Choose a Crypto Exchanger. Use the BestChange exchange monitoring service to identify 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 acquire. 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 indicate the amount you want to buy cryptocurrency for.
4. Provide the Wallet for Receiving Cryptocurrency. Indicate the address of your crypto wallet, to which the acquired cryptocurrency will be sent. Also provide payment information, such as a credit card number or payment system data.
5. Transfer the Funds. Send the funds 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. 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 get 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 enhance 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 accessible 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 simple process, akin 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 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. Often, 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 address of your crypto wallet, to which the funds will be sent. Make sure that the address is correct 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 email.
6. Receive Your Winnings. After confirming the operation, the money will be sent to your crypto wallet. Processing time may change 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 honestly won amount is in full safety on your wallet.

Summary

Now you are acquainted 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 nearly effortless 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 hope you success and big wins in your crypto adventure!