Cryptocurrency is a virtual money that uses cryptography to ensure security. The primary feature of cryptocurrencies is their decentralized nature, which distinguishes them from traditional government-issued money controlled by national banks. Cryptocurrencies are based on a blockchain system, available to users in the network. The relevance of cryptocurrencies for players is high for several reasons: transaction anonymity, high speed, and freedom from geopolitical and macroeconomic changes. Using cryptocurrencies in 1xSlots casino enables players to bypass difficulties with banking and government restrictions, as well as enhances the degree of privacy 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 attractive option for online gambling. This is an crucial part that deserves attention. Namely:

  • 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.
  • Lack of Control. Cryptocurrencies are not tied to any country or central bank. Vulnerability to political and economic changes is minimized.
  • Reliability. Smart contracts ensure security and reliability. They self-execute the terms of transactions, completely removing the possibility of fraud or technical (banking) errors.
  • Anonymity. One of the major advantages of cryptocurrencies is anonymous transactions. Players can top up their accounts and cash out winnings without sharing personal data. This is especially crucial for countries with rigid legislative restrictions on gambling.
  • Investment. Cryptocurrencies not only function as a means of payment but can also serve as an investment asset. Their value can greatly increase, so players often earn passive income without being seasoned investors.
  • 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.
  • 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 traditional payment methods.

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 distinguish themselves for their outstanding reliability, ease of use, and widespread acceptance. Here are the five top cryptocurrencies that almost every online casino supports:

  • Tether (USDT). This is a “stable” currency pegged to the US dollar rate. This provides almost zero volatility (currency exchange rate changes). This feature makes USDT the favored choice for players who prefer 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 small transfer fees. Now TON is a standard for an effective and reliable system for transactions in 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 projects, including online casinos.
  • Ethereum (ETH). Ethereum occupies 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.
  • 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.

Selecting a cryptocurrency for placing bets in online casinos can significantly change the gaming experience. But rest assured, the cryptocurrencies mentioned above provide anonymity, reliability, and openness of financial operations. Global experience proves this.

Where to Store Cryptocurrency

Before obtaining cryptocurrency, it’s crucial to decide on where to store it—cryptocurrency wallets. The choice of a crypto wallet depends on many elements, including the types of supported currencies, the security level, the ease of use of the interface, and functionalities. Let’s examine various wallets for your crypto assets and their attributes.

MetaMask

This crypto wallet is appropriate for storing BTC, ETH, BNB, and many other cryptocurrencies. It is favored as a web browser extension (Chrome, Firefox, Yandex Browser, etc.) and is also accessible as a mobile app for iOS and Android. MetaMask has various features that cannot be overlooked:

  • Features. Includes receiving, storing, and sending cryptocurrencies. You can manage few accounts. It easily integrates with decentralized applications on the Ethereum blockchain and other compatible networks. This makes MetaMask especially popular among users who engage in the DeFi and NFT ecosystems.
  • Installation. The versatile wallet is readily 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 import an existing one using a secret phrase (seed phrase).
  • Security. High security level, as the user exclusively controls the keys. These are private keys that are stored on the device and are not transmitted outside.

It is essential to remember that the choice of a crypto wallet should fit your personal requirements for security, convenience, and functionality. MetaMask offers a dependable and easy-to-use solution for managing 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 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 suitable for all and every TRON blockchain aficionado. It has several features:

  • Security. The security of funds is guaranteed by multiple levels of security 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.
  • Installation. For the browser, simply go to the Chrome Web Store, locate 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 installing 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.

TronLink is recommended for players who often operate with TRC-20 tokens. With this wallet, even a beginner can effortlessly manage crypto assets. A plus 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 potentially the most convenient tool for online casino players who use Telegram.

  • Security. The cryptocurrency wallet is integrated into the messenger, providing a sufficient level of security 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 protect your Telegram account itself.
  • Features. Users store, send, and get TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This greatly simplifies the procedure of using cryptocurrency, as it does not require installing more 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.
  • Installation. To start using the cryptocurrency wallet in Telegram, you need to activate the @wallet bot in the messenger. This can be accomplished by locating the bot through the lookup in the app and starting a dialogue with it. Adhering to simple and direct prompts, the wallet can be established in 2 minutes right in your messenger.

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 convenience of transactions. Also, use the cryptocurrency in the @wallet for everyday tasks without shifting to other platforms.

How to Buy Cryptocurrency

After choosing the right crypto wallet, the next step is to deposit cryptocurrency. For this, there are specialized platforms – crypto 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 online platforms where you can buy, trade, and exchange cryptocurrencies using various fiat currencies or alternative digital assets. The most well-known crypto exchanges offer a vast selection of cryptocurrencies and have solid security measures. Here are some examples of well-regarded crypto exchanges:

  • Coinbase. Draws in users with its user-friendly and intuitive interface, making it an perfect option for beginners. It offers immediate buying of cryptocurrencies with fiat money and supports a vast selection of digital assets. It is distinguished by strict adherence to regulatory standards, adding confidence in the reliability of operations.
  • Binance. The largest crypto exchange in the world with a vast range of cryptocurrencies and trading instruments. This is where the largest volume of crypto trading takes place. Binance features competitive rates, high liquidity, and various trading options, including futures and margin trading.
  • Bybit. Specializes in crypto derivatives and margin trading. The exchange offers attractive rates, speedy transactions, and powerful trading tools. Bybit is suitable for more sophisticated users who wish to employ various trading strategies.

The choice of a crypto exchange for acquiring 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 complete the identity verification process (KYC), which helps exchanges combat fraud and money laundering. This process includes providing a photo of an ID 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 local legislation. Always check the availability of the operation 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 acquiring cryptocurrency on a crypto exchange and subsequently sending it into an online casino consists of several steps.

  • Sign Up. To begin, you need to choose a crypto exchange and create an account there. The registration process usually requires entering basic information such as name, email, and password.
  • Complete identity verification. To comply with regulatory requirements, most crypto exchanges require identity verification. This may involve sending 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 other payment methods such as debit cards.
  • Buy cryptocurrency. Once the funds are credited to your account, you can buy cryptocurrency. Choose the desired cryptocurrency and place a purchase order at the current market rate or set your price with a limit order.
  • Send 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 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 start playing. Be sure to look for any casino bonuses for the deposited amount.

Crypto Exchangers

For those seeking a more straightforward way to obtain 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 fast transactions or exchanges of digital assets. The main advantages of crypto exchangers include the lack 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 worldwide. To choose a trustworthy cryptocurrency exchange service, pay attention to the next aspects:

  • Fees. Can vary greatly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can significantly raise the cost of the operation, so choose platforms with affordable rates.
  • Number of users and ratings. A vital aspect when choosing an exchanger. A high volume of positive reviews can signify a good reputation of the service, a user-friendly interface, and the quality of technical support.
  • Transaction processing. Can be executed either automated or manually. Automatic processing systems generally provide speedier transactions, while manual management may require more time but provides an extra level of control over the security of operations.
  • Length of operation. Serves as an indicator of the reliability of the exchanger. Long-term presence in the market usually suggests safety and reliability of the service, as exchangers that have been operating for a long time usually accumulate experience in solving various operational problems.

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 provides current and objective information.

How to Buy 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.

  • Choose a Crypto Exchanger. Use the BestChange exchange monitoring service to locate a reliable exchanger with the best rates and feedbacks. The platform shows exchanges with up-to-date rates and exchange conditions.
  • Choose a Cryptocurrency. Pick the cryptocurrency you want to acquire. 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 specify the amount you want to purchase cryptocurrency for.
  • Provide the Wallet for Receiving Cryptocurrency. Provide the address of your crypto wallet, to which the purchased cryptocurrency will be sent. Also provide payment details, such as a credit card number or payment system data.
  • Transfer the Funds. Send the funds of the indicated 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 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.
  • 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 boost your chances of winning.

This process is quicker 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 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 straightforward process, similar to making a deposit but in reverse. Let’s see what steps you need to take:

  • Go to the “Withdraw” Page. In your personal account on the casino official website, find the “Withdraw” tab.
  • Specify the Amount. Enter the available amount you want to withdraw from your casino balance.
  • Choose 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 issues, proceed to the next step.
  • 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 entered correctly 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 protection set on your account. This might be done through two-factor authentication or email.
  • 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 securely withdraw your winnings from the crypto casino. Enjoy 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 purchasing and storing to placing in an online casino and withdrawing winnings. The first time may bring some uncertainty and nervousness, but over time, the process will turn almost automatic for you. Do not hesitate to ask for 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 wish you luck and big wins in your crypto adventure!