Cryptocurrency is a electronic money that uses encryption to ensure security. The main feature of cryptocurrencies is their distributed nature, which distinguishes them from traditional fiat currencies regulated by national banks. Cryptocurrencies are based on a blockchain system, accessible to users in the network. The relevance of cryptocurrencies for players is significant for several reasons: anonymity of transactions, high speed, and independence from political and economic shifts. Using cryptocurrencies in 1XBET Web Casino enables players to avoid issues with banking and government restrictions, as well as enhances the level of confidentiality for financial operations.

Advantages of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos provides players with a range of benefits that make them an attractive choice for online gambling. This is an important part that deserves attention. Namely:

  • 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.
  • Speed. Cryptocurrency transactions are processed much faster than conventional bank transfers. Thus, players can begin gaming instantly (after making a deposit) and also receive their winnings quickly.
  • Anonymity. One of the key 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 legislative restrictions on gambling.
  • Transparency. Blockchain technology provides complete transparency of all transactions. That is, each transfer is public and auditable, reducing the risk of fraud since the transfer is easily traceable.
  • Reliability. Smart contracts ensure security and reliability. They automatically execute the terms of transactions, entirely eliminating the possibility of fraud or technical (banking) errors.
  • Lack of Control. Cryptocurrencies are not tied to any country or central bank. Vulnerability to political and economic changes is minimized.
  • 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 experienced investors.

All these factors make cryptocurrencies exceptionally suitable for use in online casinos. A more convenient, 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 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 power of its smart contracts. With ETH, you can not only send and receive money but also automate many processes and services within online casinos.
  • 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.
  • Tether (USDT). This is a “stable” currency tied to the US dollar rate. This provides 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.
  • 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 efficient and reliable system for transactions in online casinos.

Choosing a cryptocurrency for betting in online casinos can significantly impact the gaming experience. But rest assured, the cryptocurrencies listed above provide anonymity, reliability, and transparency of financial operations. Global experience confirms this.

Where to Store Cryptocurrency

Before acquiring cryptocurrency, it’s crucial to decide on where to secure it—cryptocurrency wallets. The choice of a cryptocurrency wallet is influenced by many aspects, including the variety of supported digital currencies, the level of security, the convenience of the user interface, and functionalities. Let’s explore a few wallets for your crypto assets and their features.

MetaMask

This crypto wallet is ideal for keeping BTC, ETH, BNB, and numerous 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 several features that should not be ignored:

  • Security. Elevated level of security, as the user exclusively controls the keys. These are private keys that are stored on the device and are never transmitted outside.
  • Features. Involves accepting, keeping, and transferring cryptocurrencies. You can manage few accounts. It seamlessly integrates with DApps on the Ethereum blockchain and other similar networks. This makes MetaMask particularly popular among users who engage in the DeFi and NFT ecosystems.
  • Installation. The versatile wallet is easily installed as a browser extension. The process of installation is easy and does not require special technical knowledge. After installation, the user can create a new wallet or restore an existing one using a secret phrase (seed phrase).

It is important to remember that the choice of a crypto wallet should fit your personal preferences for security, convenience, and functionality. MetaMask offers a dependable and convenient solution for managing a wide range of cryptocurrencies and interacting 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 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 multiple 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 adhere to the standard 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 interact with decentralized applications on the TRON blockchain. There is a feature to exchange one cryptocurrency for another within the wallet itself. You can generate and switch between multiple wallets.
  • Security. The security of funds is guaranteed by several levels of protection and encryption. User keys are held on the device and are not transmitted to external servers. It is enough to set up a strong password and keep it safe.

TronLink is suggested 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 benefits of the TON ecosystem, one of the principal ones being the crypto wallet built right into the Telegram messenger. This is potentially the most handy tool for online casino players who use Telegram.

  • 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 lookup in the app and starting a dialogue with it. Following straightforward 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 directly within the Telegram interface. This significantly simplifies the process of using cryptocurrency, as it does not require adding more apps or programs. Transactions here are finished 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, offering a sufficient security level through the use of sophisticated 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.

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

How to Purchase Cryptocurrency

After choosing 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 particular services, conditions, and degrees of security. Let’s start with cryptocurrency exchanges.

Cryptocurrency Exchanges

Crypto exchanges are digital marketplaces where you can acquire, trade, and exchange cryptocurrencies using different fiat currencies or alternative digital assets. The most renowned crypto exchanges offer a broad selection of cryptocurrencies and have strong security measures. Here are some examples of well-regarded crypto exchanges:

  • Coinbase. Captures the interest of users with its user-friendly and intuitive interface, making it an excellent option for beginners. It offers immediate buying of cryptocurrencies with fiat money and supports a large number of digital assets. It is distinguished by strict adherence to regulatory standards, adding confidence in the dependability of operations.
  • Bybit. Specializes in crypto derivatives and margin trading. The exchange offers competitive fees, quick trades, and advanced trading tools. Bybit is suitable for more sophisticated users who wish to leverage various trading strategies.
  • 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 takes place. Binance features low fees, high liquidity, and multiple trading options, including futures and margin trading.

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 undergo the identity verification process (KYC), which helps exchanges combat 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 legal constraints. Always check the availability of the operation in your region and confirm the terms of service on the site or through technical support.

How to Buy 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.

  • Sign Up. To begin, you need to select a crypto exchange and sign up for an account there. The registration process usually requires entering basic information such as name, email, and password.
  • Finish identity verification. To adhere to regulatory requirements, most crypto exchanges require identity verification. This may involve sending a photo of a passport or another form of ID, and sometimes confirming the address of residence. The process usually takes several days.
  • Deposit funds. After verification, you can deposit fiat currency (EUR, USD, RUB) via bank transfer or using payment systems such as credit cards.
  • Purchase cryptocurrency. Once the funds are credited to your account, you can purchase cryptocurrency. Pick the desired cryptocurrency and set a purchase order at the current market rate or set your price with a limit order.
  • Transfer cryptocurrency to the online casino. To start playing in a crypto casino, you need to transfer some of the acquired cryptocurrency to the casino’s account. This is accomplished through the withdrawal function on the exchange, providing the casino wallet address.
  • Confirm the transaction and start playing. Ensure the information you input at each step. Once the cryptocurrency arrives in your casino account, you can start playing. Be sure to look for any casino bonuses for the deposited amount.

    • Cryptocurrency Exchangers

    For those looking for a more straightforward way to get cryptocurrencies, crypto exchangers are a handy alternative. They commonly do not require verification and allow quick exchange of fiat money for cryptocurrency. This is a useful tool for quick 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 generally have no strict geographic restrictions, making exchangers accessible to users globally. To pick a reliable cryptocurrency exchange service, pay attention to the next aspects:

    • Number of users and ratings. A vital aspect when choosing an exchanger. A high volume 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. High fees can greatly increase the cost of the operation, so select platforms with competitive rates.
    • Payment processing. Can be done either automatically or manually. Automatic processing systems usually provide speedier transactions, while manual management may take more time but provides an extra level of control over the security of operations.
    • Length of operation. Serves as an sign 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 solving various operational problems.

    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 offers current and objective information.

    How to Purchase Cryptocurrency at an Exchanger

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

  • 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.
  • Choose 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.
  • Set the Currency and Payment Amount. Pick the currency you have (USD, EUR, RUB) and indicate the amount you want to buy cryptocurrency for.
  • Provide an Account for Receiving Cryptocurrency. Specify 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.
  • Transfer the Money. Make the transfer of the indicated amount to the wallet provided by the crypto exchange. After this, the cryptocurrency will be sent to your chosen crypto wallet.
  • 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 get the deposit details in the “Deposit” tab on the casino website.
  • Start Playing and Winning! After the funds are transferred to your casino account, you are prepared to start playing. Don’t forget to check possible deposit bonuses that can boost 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 accessible choice for a variety 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 straightforward process, akin to making a deposit but in reverse. Let’s see what steps you need to take:

  • Go to the “Withdraw” Page. In your profile on the casino official website, find the “Withdraw” tab.
  • Set the Amount. Enter the available 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 issues, proceed to the next step.
  • 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 get the address in the main window of your wallet.
  • 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 e-mail.
  • 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. Relish this time comfortably, knowing that the rightfully earned amount is in complete safety on your wallet.

    Summary

    Now you are familiar with the basics of using cryptocurrency: from buying and keeping to placing in an online casino and withdrawing winnings. The first time may bring some confusion and trepidation, but over time, the process will become almost automatic for you. Do not hesitate to seek help from online consultants, who are available 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!