Cryptocurrency is a electronic money that uses cryptography to ensure security. The main characteristic of cryptocurrencies is their distributed nature, which differentiates them from conventional government-issued money controlled by central banks. Cryptocurrencies are based on a blockchain system, accessible to users in the network. The importance of cryptocurrencies for gamblers is high for several reasons: anonymity of transactions, fast processing, and independence from political and economic shifts. Using cryptocurrencies in BitStarz allows players to avoid issues with banking and government restrictions, as well as increases the degree of confidentiality for financial operations.
Sign Up. To begin, you need to choose a crypto exchange and create an account there. The registration process usually involves entering basic information such as name, email, and password.
Complete identity verification. To meet regulatory requirements, most crypto exchanges require identity verification. This may involve submitting a photo of a passport or another form of ID, and sometimes verifying the address of residence. The process usually lasts a few days.
Deposit funds. After verification, you can deposit fiat currency (EUR, USD, RUB) via bank transfer or using payment systems such as debit cards.
Purchase cryptocurrency. Once the funds arrive in your account, you can acquire cryptocurrency. Choose the desired cryptocurrency and set a purchase order at the current market rate or set your price with a purchase order.
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 done through the withdrawal function on the exchange, providing the casino wallet address.
Confirm the transaction and start playing. Verify the information you entered at each step. Once the cryptocurrency reaches your casino account, you can begin gaming. Be sure to look for any casino bonuses for the deposited amount. Select a Crypto Exchanger. Use the BestChange exchange monitoring service to find a reliable exchanger with the best rates and feedbacks. The platform displays exchanges with latest rates and exchange conditions.
Select a Cryptocurrency. Decide on the cryptocurrency you want to buy. This could be Bitcoin, Ethereum, USDT, or other options suitable for depositing into an online casino.
Specify the Currency and Payment Amount. Select the currency you have (USD, EUR, RUB) and indicate the amount you want to acquire cryptocurrency for.
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 bank card number or payment system data.
Transfer the Funds. 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.
Transfer Crypto 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" tab on the casino website.
Start Playing! After the funds are credited to your casino account, you are ready 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 purchasing 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.
Go to the "Withdraw" Section. In your profile on the casino official website, find the "Withdraw" tab.
Specify the Amount. Enter the eligible amount you want to withdraw from your casino balance.
Choose a Cryptocurrency. Select 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, proceed to the next step.
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. 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.
Confirm the Transfer. The withdrawal request must be confirmed by you, depending on the protection set on your account. This might be done through two-factor authentication or email.
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 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.
Advantages 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:- Reliability. Smart contracts ensure security and reliability. They self-execute the terms of transactions, entirely removing the risk of fraud or technical (banking) errors.
- 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 earn passive income without being seasoned investors.
- Speed. Cryptocurrency transactions are processed much faster than traditional bank transfers. Thus, players can begin gaming instantly (after making a deposit) and also withdraw their winnings quickly.
- Lack of Control. Cryptocurrencies are not linked to any country or central bank. Vulnerability to political and economic changes remains aside.
- Transparency. Blockchain technology ensures complete transparency of all transactions. That is, each transfer is public and verifiable, reducing the risk of fraud since the transfer is easily traceable.
- Anonymity. One of the key advantages of cryptocurrencies is private transactions. Players can fund their accounts and cash out winnings without sharing personal data. This is especially important for countries with rigid legal restrictions on gambling.
- 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 conventional payment methods.
TOP-5 Cryptocurrencies for Online Casinos
There are thousands of cryptocurrencies, but some are particularly favored among online casinos. Some of them stand out for their exceptional reliability, ease of use, and widespread acceptance. Here are the five top cryptocurrencies that almost every online casino supports:- 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.
- 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 appreciated in the world of gambling.
- 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 value calm waters over the stormy sea of currency quotes.
- Toncoin (TON). Initially an internal token of the Telegram messenger. The cryptocurrency reached rapid popularity due to high transaction speeds and low transfer commissions. Now TON is a standard for an efficient and reliable system for transactions in online casinos.
- Ethereum (ETH). Ethereum holds a special place in the crypto world thanks to the power of its smart contracts. With ETH, you can not only transfer money but also automate many processes and services within online casinos.
Where to Hold Cryptocurrency
Before purchasing cryptocurrency, it's essential to choose where to secure it—digital wallets. The choice of a crypto wallet is influenced by many aspects, including the variety of supported digital currencies, the level of security, the ease of use of the user interface, and features. Let's examine a few wallets for your crypto assets and their features.MetaMask
This crypto wallet is ideal 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 are noteworthy:- Installation. The multi-currency wallet is quickly installed as a browser extension. The installation process is easy 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).
- Security. Elevated level of security, as the user completely controls the keys. These are private keys that are kept locally and are not transmitted outside.
- Features. Encompasses accepting, keeping, and transferring cryptocurrencies. You can manage few accounts. It seamlessly integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask particularly popular among users who actively participate in the DeFi and NFT ecosystems.
TronLink
The official storage for the TRON (TRX) cryptocurrency. It is also perfectly designed for managing 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 ideal for each and every TRON blockchain aficionado. It has several features:- Installation. For the browser, simply visit the Chrome Web Store, search for TronLink, and add it to your browser. Smartphone owners download the app from the App Store or Google Play. Just adhere to the standard 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 decentralized applications on the TRON blockchain. There is a feature to trade one cryptocurrency for another within the wallet itself. You can create and switch between multiple wallets.
- Security. The safeguarding of assets is guaranteed by various levels of security and encryption. User keys are held locally and are not transmitted to external servers. It is enough to set up a strong password and keep it secret.
Crypto Wallet in Telegram (@wallet)
Online casinos actively use 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.- Security. The cryptocurrency wallet is intertwined into the messenger, offering a suitable security level through the use of modern encryption methods inherent to the Telegram platform. Without your knowledge, funds will not leave your account, but the key thing is to safeguard your Telegram account itself.
- Features. Users store, send, and get TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This significantly eases 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.
- Installation. To start using the cryptocurrency wallet in Telegram, you need to enable the @wallet bot in the messenger. This can be accomplished by finding the bot through the search in the app and starting a dialogue with it. Adhering to straightforward and direct prompts, the wallet can be configured in 2 minutes right in your messenger.
How to Buy Cryptocurrency
After picking the appropriate crypto wallet, the next step is to fund 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 purchase, sell, and swap cryptocurrencies using different fiat currencies or other cryptocurrencies. The most well-known crypto exchanges offer a wide selection of cryptocurrencies and have robust security measures. Here are some examples of well-regarded crypto exchanges:- Coinbase. Attracts 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 dependability of operations.
- Binance. The biggest crypto exchange in the world with a vast range of cryptocurrencies and trading instruments. This is where the largest volume of crypto trading happens. Binance features low fees, high liquidity, and various trading options, including futures and margin trading.
- Bybit. Specializes in crypto derivatives and margin trading. The exchange offers low costs, speedy transactions, and advanced trading tools. Bybit is ideal for more sophisticated users who wish to employ various trading strategies.
Identity Verification and Geographic Regulations
To work with crypto exchanges, you need to go through the identity verification process (KYC), which helps exchanges fight against fraud and money laundering. This process includes submitting a photo of an ID or additional personal details. It is also important to remember that some crypto exchanges do not provide their services to citizens of certain countries due to local legislation. Always check the availability of the exchange in your region and confirm the terms of service on the official website or through technical support.How to Purchase 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.Crypto Exchangers
For those seeking a easier way to acquire cryptocurrencies, crypto exchangers are a convenient alternative. They commonly do not require verification and allow fast exchange of fiat money for cryptocurrency. This is a useful tool for speedy transactions 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 typically have no strict geographic restrictions, making exchangers accessible to users worldwide. To pick a worthy cryptocurrency exchange service, pay attention to the next aspects:- Commissions. Can vary significantly depending on the exchanger, the type of currency, and the transaction amount. High fees can significantly raise the cost of the operation, so choose platforms with reasonable rates.
- Length of operation. Serves as an indicator of the reliability of the exchanger. Extended presence in the market usually indicates safety and reliability of the service, as exchangers that have been operating for a long time typically accumulate experience in addressing various operational problems.
- Payment processing. Can be executed either automatically or manually. Auto processing systems typically provide speedier transactions, while manual management may take more time but provides an extra level of control over the security of operations.
- Number of users and feedbacks. A crucial aspect when choosing an exchanger. A high volume of positive reviews can signify a positive reputation of the service, a easy-to-use interface, and the quality of technical support.