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Crypto Guide

Cryptocurrency is a digital currency that uses encryption to ensure safety. The primary feature of cryptocurrencies is their decentralized nature, which differentiates them from conventional fiat currencies controlled by national banks. Cryptocurrencies are based on blockchain technology, available to users in the network.

The importance of cryptocurrencies for gamblers is significant for several reasons: transaction anonymity, fast processing, and independence from political and economic shifts. 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 provides players with a variety of advantages that make them an attractive choice for online gambling. This is an important part that warrants 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 crucial 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 completing a deposit) and also withdraw 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 removing the possibility of fraud or technical (banking) errors.
  • Transparency. Blockchain technology ensures complete transparency of all transactions. That is, each transfer is public and auditable, minimizing the risk of fraud since the transfer is easily provable.
  • 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 exceptionally suitable for use in online casinos. A more user-friendly, secure, and potentially profitable tool has not yet been invented.

TOP-5 Cryptocurrencies for Online Casinos

There are hundreds 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 accepts:

  • Bitcoin (BTC). Bitcoin is considered the “gold standard” among cryptocurrencies. It is the most famous 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 ensures almost no volatility (currency exchange rate changes). This feature 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 popular 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 gained rapid popularity due to high transaction speeds and low 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 Store Cryptocurrency

Before obtaining cryptocurrency, it’s important to determine where to keep it—cryptocurrency wallets. The choice of a crypto wallet relies on many factors, including the supported cryptocurrencies, the level of security, the convenience of the user interface, and functionalities. Let’s examine a few wallets for your crypto holdings and their characteristics.

MetaMask

This crypto wallet is suitable for holding BTC, ETH, BNB, and many other cryptocurrencies. It is well-known 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 cannot be overlooked:

  • Installation. The versatile wallet is easily installed as a browser extension. The installation process is easy and does not require advanced technical knowledge. After installation, the user can create a new wallet or import an existing one using a secret phrase (seed phrase).
  • Features. Includes receiving, keeping, and transferring cryptocurrencies. You can manage multiple accounts. It easily integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask especially popular among users who actively participate in the DeFi and NFT ecosystems.
  • Security. Elevated security level, as the user solely manages the keys. These are private keys that are saved locally and are not transmitted outside.

It is important to remember that the choice of a crypto wallet should match your personal needs 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 ideally suited 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 suitable for every single TRON blockchain aficionado. It has multiple features:

  • Installation. For the browser, simply visit the Chrome Web Store, search for TronLink, and install it to your browser. Smartphone users download the app from the App Store or Google Play. Just adhere to 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 decentralized applications 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 security and encryption. User keys are kept locally and are not transmitted to outside servers. It is enough to establish a strong password and keep it secret.

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

Crypto Wallet in Telegram (@wallet)

Online casinos frequently utilize the benefits of the TON ecosystem, one of the key ones being the crypto wallet built right into the Telegram messenger. This is perhaps the most practical 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 accomplished by finding the bot through the lookup in the app and starting a dialogue with it. Using clear and direct prompts, the wallet can be set up in 2 minutes right in your messenger.
  • Features. Users keep, transmit, and get TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This greatly streamlines the process of using cryptocurrency, as it does not require installing additional apps or programs. Transactions here are completed 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 level of security through the use of sophisticated encryption methods built-in to the Telegram platform. Without your knowledge, funds will not leave your account, but the key thing is to safeguard your Telegram account itself.

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

How to Buy Cryptocurrency

After choosing the suitable crypto wallet, the next step is to load it with cryptocurrency. For this, there are dedicated platforms – crypto 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 online platforms where you can acquire, trade, and swap cryptocurrencies using various fiat currencies or alternative digital assets. The most reputable crypto exchanges offer a wide selection of cryptocurrencies and have solid security measures. Here are some examples of well-regarded crypto exchanges:

  • Binance. The largest crypto exchange in the world with a broad range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading occurs. Binance features competitive rates, extensive liquidity, and multiple trading options, including futures and margin trading.
  • Coinbase. Attracts users with its easy-to-navigate interface, making it an perfect 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, boosting confidence in the reliability of operations.
  • Bybit. Specializes in crypto derivatives and margin trading. The exchange offers competitive fees, quick trades, and powerful trading tools. Bybit is appropriate for more experienced users who wish to employ multiple trading strategies.

The choice of a crypto exchange for acquiring cryptocurrency will hinge 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 undergo the identity verification process (KYC), which helps exchanges prevent fraud and money laundering. This process includes providing 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 exchange in your region and confirm the terms of service on the site or through technical support.

How to Purchase Cryptocurrency on a Crypto Exchange

The process of acquiring cryptocurrency on a crypto exchange and subsequently sending it into an online casino consists of several steps.

  1. Registration. To begin, you need to select a crypto exchange and register an account there. The registration procedure usually involves entering basic information such as name, email, and password.
  2. Finish identity verification. To adhere to 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 lasts a few days.
  3. Deposit funds. After verification, you can deposit fiat money (EUR, USD, RUB) via bank transfer or using other payment methods such as credit cards.
  4. Purchase cryptocurrency. Once the funds reach your account, you can acquire cryptocurrency. Select the desired cryptocurrency and set a purchase order at the current market rate or set your price with a limit order.
  5. Send cryptocurrency to the online casino. To play in a crypto casino, you need to send some of the acquired 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. Ensure the information you input at each step. Once the cryptocurrency reaches your casino account, you can start playing. Be sure to look for any casino bonuses for the deposited amount.

Crypto Exchangers

For those seeking a simpler way to obtain cryptocurrencies, crypto exchangers are a convenient alternative. They commonly do not require verification and permit quick exchange of fiat money for cryptocurrency. This is a convenient tool for speedy buying or exchanges of digital assets.

The biggest advantages of crypto exchangers include the absence of registration and verification, which lowers the entry barrier for new users and speeds up the transaction process. Also, they usually have no strict geographic restrictions, making exchangers available to users around the world.

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 usually suggests stability and reliability of the service, as exchangers that have been operating for a long time often accumulate experience in addressing various operational problems.
  • Number of users and feedbacks. A critically important 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.
  • Fees. Can fluctuate considerably depending on the exchanger, the type of currency, and the transaction amount. Increased fees can greatly increase 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 speedier transactions, while manual management may take 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 offers latest and unbiased information.

How to Buy Cryptocurrency at an Exchanger

The process of buying cryptocurrency through crypto exchangers and depositing into a crypto casino is straightforward 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 lists exchanges with latest rates and exchange conditions.
  2. Select a Cryptocurrency. Pick the cryptocurrency you want to purchase. This could be Bitcoin, Ethereum, USDT, or other options available 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 purchase 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 details, such as a bank card number or payment system data.
  5. Transfer the Money. Complete the payment of the specified amount to the account provided by the crypto exchange. After this, the cryptocurrency will be sent to your specified 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” page on the casino website.
  7. Start Playing! 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 quicker and less bureaucratic compared to buying 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

Withdrawing 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” Section. 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. Select a Cryptocurrency. Specify the type of cryptocurrency in which you want to receive your winnings. Often, it is the same cryptocurrency in which the deposit was made. If there are no difficulties, move 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. 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 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 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.

Summary

Now you are familiar 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 uncertainty and nervousness, but over time, the process will become nearly effortless for you.

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