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Crypto Guide

Cryptocurrency is a virtual money that uses encryption to ensure security. The primary feature of cryptocurrencies is their distributed nature, which differentiates them from conventional government-issued money regulated by central banks. Cryptocurrencies are based on blockchain technology, available to users in the network.

The importance of cryptocurrencies for players is significant for several reasons: anonymity of transactions, 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 confidentiality 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 appealing choice for online gambling. This is an crucial part that deserves attention. Namely:

  • Anonymity. One of the key advantages of cryptocurrencies is private transactions. Players can top up their accounts and withdraw winnings without providing 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 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 cheaper than those for using conventional payment methods.
  • Reliability. Smart contracts stand guard over security and reliability. They self-execute the terms of transactions, completely removing the risk of fraud or technical (banking) errors.
  • Transparency. Blockchain technology provides complete 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 function as a means of payment but can also act as an investment asset. Their value can significantly increase, so players often earn 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 convenient, safe, 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 distinguish themselves for their outstanding reliability, ease of use, and widespread adoption. Here are the five main cryptocurrencies that almost every online casino supports:

  • 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 prized 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 transfer 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 zero volatility (currency exchange rate changes). This feature 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 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 commissions. Now TON is a standard for an efficient and reliable system for transactions in online casinos.

Choosing a cryptocurrency for placing bets in online casinos can significantly impact 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 decide on where to store it—crypto wallets. The choice of a crypto wallet is influenced by many aspects, including the types of supported currencies, the level of security, the convenience of the user interface, and functionalities. Let’s explore various wallets for your crypto holdings and their characteristics.

MetaMask

This crypto wallet is appropriate for storing 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 multiple features that should not be ignored:

  • Installation. The versatile wallet is readily installed as a browser extension. The installation process is easy and does not require specific technical knowledge. After installation, the user can create a new wallet or import an existing one using a secret phrase (seed phrase).
  • Features. Encompasses accepting, storing, and sending cryptocurrencies. You can manage multiple accounts. It easily integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask notably popular among users who actively participate in the DeFi and NFT ecosystems.
  • Security. High level of security, as the user exclusively controls the keys. These are private keys that are stored on the device and are never transmitted externally.

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 reliable and convenient 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 all and every TRON blockchain aficionado. It has various features:

  • Installation. For the browser, simply visit the Chrome Web Store, find TronLink, and add it to your browser. Smartphone owners get the app from the App Store or Google Play. Just adhere to the typical 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 use decentralized applications on the TRON blockchain. There is a feature to swap one cryptocurrency for another within the wallet itself. You can generate and switch between multiple wallets.
  • Security. The safeguarding of assets is provided by several layers of security and encryption. User keys are kept on the device and are not transmitted to external servers. It is enough to establish a complex password and keep it secret.

TronLink is recommended for players who often operate with TRC-20 tokens. With this wallet, even a novice can effortlessly manage crypto assets. 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 potentially 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 done by finding the bot through the lookup in the app and starting a dialogue with it. Adhering to simple and easy prompts, the wallet can be configured in 2 minutes right in your messenger.
  • Features. Users keep, transmit, and receive TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This greatly streamlines the process of using cryptocurrency, as it does not require installing extra apps or programs. Transactions here are done in a few clicks, which is especially convenient 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 modern encryption methods built-in to the Telegram platform. Without your knowledge, funds will not leave your account, but the key thing is to secure your Telegram account itself.

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

How to Acquire Cryptocurrency

After picking the right crypto wallet, the next step is to load it with cryptocurrency. For this, there are dedicated 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 online platforms where you can purchase, trade, and swap cryptocurrencies using multiple fiat currencies or alternative digital assets. The most well-known crypto exchanges offer a vast 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 broad range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading happens. Binance features low fees, extensive liquidity, and various trading options, including futures and margin trading.
  • Coinbase. Captures the interest of users with its user-friendly and intuitive 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 rigorous compliance to regulatory standards, providing confidence in the reliability of operations.
  • Bybit. Specializes in crypto derivatives and margin trading. The exchange offers attractive rates, quick trades, and sophisticated trading tools. Bybit is appropriate for more experienced users who wish to employ different trading strategies.

The choice of a crypto exchange for purchasing cryptocurrency will depend on personal preferences for user experience, 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 prevent fraud and money laundering. This process includes providing a photo of an identity document 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 local legislation. Always verify the availability of the operation in your region and clarify the terms of service on the platform or through technical support.

How to Purchase Cryptocurrency on a Crypto Exchange

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

  1. Registration. To begin, you need to choose a crypto exchange and sign up for an account there. The registration process usually involves 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 providing a photo of a passport or another form of ID, 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 payment systems such as credit cards.
  4. Purchase cryptocurrency. Once the funds are credited to 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. Send cryptocurrency to the online casino. To play in a crypto casino, you need to send 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. Ensure the information you entered 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 easier 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 speedy buying or exchanges of digital assets.

The biggest advantages of crypto exchangers include the lack of registration and verification, which minimizes the entry barrier for new users and expedites the transaction process. Also, they generally have no strict geographic restrictions, making exchangers accessible to users around the world.

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

  • Project age. Serves as an indicator of the reliability of the exchanger. Long-term presence in the market usually indicates stability 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 ratings. A crucial aspect when choosing an exchanger. A large number of positive reviews can indicate a good reputation of the service, a easy-to-use interface, and the quality of technical support.
  • Fees. Can vary greatly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can significantly increase the cost of the operation, so choose platforms with reasonable rates.
  • Transaction processing. Can be done either automatically or manually. Automatic processing systems generally provide speedier transactions, while manual management may require more time but provides an additional level of control over the security of operations.

To ease 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 offers latest and objective information.

How to Purchase Cryptocurrency at an Exchanger

The process of buying cryptocurrency through crypto exchangers and depositing into a crypto casino is easy and available. 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 latest rates and exchange conditions.
  2. Choose a Cryptocurrency. Pick the cryptocurrency you want to acquire. 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 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 purchased cryptocurrency will be sent. Also provide payment information, such as a credit card number or payment system data.
  5. Transfer the Funds. Complete the payment 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. 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 deposited into your casino account, you are prepared to start playing. Don’t forget to check possible deposit bonuses that can increase your chances of winning.

This process is faster and less bureaucratic compared to buying 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, 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 gaming 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 difficulties, move 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 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 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 rightfully earned amount is in full safety on your wallet.

Conclusion

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 bring some confusion and trepidation, but over time, the process will turn nearly effortless for you.

Do not hesitate to ask for 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 wish you luck and big wins in your crypto adventure!