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The crypto market has seen many new cryptocurrencies going live, but Toncoin is a distinct digital currency with quite the interesting history you should know about. It offers impressive scalability and it is incredibly user-friendly, and that's why it caught the eye of many crypto enthusiasts, online casino players included. It is already offered across a decent number of online casinos catering to players from around the world, as it allows for seamless deposits and withdrawals. And since it is extremely easy to get started with and use, why not give it a shot yourself? What is Toncoin and why choose it as your payment solution across online casinos?
About Toncoin
As introduced, Toncoin is a newer cryptocurrency that has had quite the history. It was launched by Telegram, hence its name (Telegram Open Network). Designed in hopes of becoming the number one cryptocurrency, that would break into the crypto market and create wonders in the future, the coin was crafted to offer incomparable speed and scalability. And even though it eventually achieved that, due to litigation with the Exchange Commission and the US Securities, Telegram backed out and now the coin is part of the The Open Network (interestingly enough, it got to keep its name, by pure coincidence).
The decentralized computed network technology offered better scalability than any other crypto on the market; it could process millions of transactions per second. While most cryptos offer far slower transactions, speed is still, compared to other payment solutions, cryptos’ strongest suit. But Toncoin offered an immense potential, through advanced AI, where users would use voting to govern its financial ecosystem. Thanks to this innovative way of circulation, the coin managed to get a huge user base, with its market cap reaching more than $1.5 million in trading.
This, in return, made it one of themost user-friendly cryptos available on the market. This and the fact that it strives to allow users to send and receive crypto transactions by, instead of random strings, usernames! If all goes to plan, the solution will manage to do so, as it is getting really closer to doing it, making crypto transactions as smoothest and effortless as possible.
With all of this in mind, it should not be difficult for you to understand why the coin has quickly taken over the online gambling industry. Online casino players are enjoying its speed, and so are operators. Being beneficial for both parties, the coin quickly got offered across a number of online casinos and its popularity doesn't seem as if it would cease any time soon. With that in mind, if you yourself are interested in getting started with it, continue reading to figure out how. We’ll give you a step-by-step guidance.
Getting Started with It
Having read what you have about the coin, all the perks it offers, and how user-friendly it is, it should come as no surprise that the getting started process would be extremely easy. In fact, if you’ve ever used any digital currency, you’ll know the steps. But even if you haven’t, we’re here to guide you, to the very specifics.
So, the first thing to do is check out crypto exchanges. These are exchange platforms where you can purchase crypto using fiat currency or other cryptocurrencies. Some of the top platforms you could explore are Tidex, Unocoin, OKX, and CoinEx, exchanges that do offer Toncoin. Go with the one that looks best to your interests, and register an account with it. In just a few taps on your device, providing some basic personal details, your account should be ready.
Once your account is live, fund it. You can do that with various payment methods, standard and alternative solutions, like credit cards and eWallets. Use the solution that would suit you best, and once the account is funded, proceed with the next step: purchasing your coins. Specify how much you wish to buy and pay for the purchase.
With that, you’ll be ready for the next step: storing your coins. Now, even though some of the exchanges we mentioned offer crypto wallet functionalities, you might want to create an account with an actual crypto wallet. That would mean, that after that account is ready, you'd need to transfer your purchased coins to it. You will get the needed private and public keys, or otherwise called addresses, that you’ll be using when transacting with the solution.
On that note, let’s go over the depositing and withdrawing processes with the crypto next. We’ll take you through all the details you need to know when using the solution across online casinos, so let’s start right away.
How to Deposit at Online Casinos with Toncoin?
We mentioned that the crypto is already the top choice for many online casino players, offered across a decent number of online casinos. We also said that its popularity is on the rise, so expect new sites to start offering it, too. For now, we can mention a great candidate like 1xBit Casino, but do your own research and you’ll certainly find more.
Next, once you’ve found the site to go with, create a player account with it. Make sure you’re logged into your player account before you proceed with the following steps to make a deposit with Toncoin:
- Head over to the Banking page at your chosen casino.
- In the Deposits section, find Toncoin’s logo and press it.
- In the pop-up, you’ll see the casino’s address, which you need to copy.
- Enter your crypto wallet and paste the casino’s address, then specify how much you wish to deposit.
- Confirm the transaction and watch the coins arrive on your casino balance in a split second.
On the off chance the casino's address is not displayed in the pop-up after you select the solution, make sure you get in touch with its Customer Support agents to get the proper details to make a successful transaction. If any detail on your transaction request is wrong, the funds will get lost for good, since transactions with it, as with any other crypto, are irreversible. So, ensure you have all the right information when requesting the transaction if you don't wish for your coins to be spent in vain.
How to Withdraw Winnings with It?
Cryptocurrencies are players’ favorite means for withdrawals, and so is Toncoin. Its unrivaled speed is what makes it among the top choices for withdrawals for many players. Add to that the fact that the actual procedure is even easier than the previous one, since all you have to do is copy and paste your wallet address and specify how much you wish to cash out, and the rest will be completed by the casino operator. You just need to sit back and relax knowing that your coins, as soon as approved by the operator, will arrive in your crypto wallet instantly.
Fees and Limits
Toncoin won’t charge any fees when transacting with it but keep in mind that the services and platforms you'll be using along the way will.
We’re talking about the affordable and reasonable fees charged by the crypto exchanges and the wallet providers, mainly for conversion and maintenance. These are really insignificant so you don’t need to dwell on them much.
Allowed Countries
It goes without saying that cryptocurrencies are, in theory, available to anyone, from any country across the globe, and so is Toncoin.
However, it is important to keep in mind the fact that some countries have banned cryptocurrencies. So, if a player from Russia, China or Turkey, for instance, you won’t be able to use the coin, as cryptocurrencies are banned there. On the other hand, if a player from Finland, Malta or El Salvador, sit back and relax as cryptos are not only welcome but also encouraged there!
Accepted Currencies
The currencies at your disposal when purchasing your coins would depend on the exchange platform you went with; each platform has its own currency offering.
But, you can rest assured that the mainstream fiats like Canadian dollars, US dollars, UK pound, and euro will be at your disposal. We mentioned earlier that you can purchase your coins using other cryptocurrencies, too, so you can be certain that leading cryptos will be your options across all exchange platforms, like Bitcoin, Ethereum, Dogecoin, Litecoin and Bitcoin Cash, among others.
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FAQs
Does Toncoin offer Customer Support?
Since this is a cryptocurrency, no direct Support service will be at your disposal, but there’s a community page on the official website you could explore to get some aid from peers.
Is there a FAQs page on the official website I could explore to find some answers I need?
No, not really. However, the official website itself is incredibly helpful, user-friendly and informative. It gives you a tour of the crypto scene, and explains what everything is, from blockchain, to exchange to using cryptos. Therefore, if you have any questions, they must be answered there. If you're having doubts about using the solution for deposits/withdrawals at an online casino, make sure you contact your chosen casino's Support team. They'll give you the directions you need.
Is the official website offered in different languages?
Yes, in fact, it is. In addition to English, of course, you have Spanish, Portuguese, Russian, Turkish, Ukrainian, Indonesian, Hindu, and Chinese. Depending on your native language, you might even be able to explore the website in your own language, and that's truly amazing.
Is Toncoin on social media?
Yes. The community has made sure it put up profiles on LinkedIn, Twitter, GitHub, and Telegram, to ensure the coin gets the global recognition it deserves and more followers could learn about it to eventually start using it.
Does Toncoin’s value fluctuate like with other cryptos?
Yes, unfortunately, its value fluctuates like with any other crypto. You can see its current value at CoinMarketCap, at any time, and that would be the wisest decision you could make. What happens is, that you must always be alert to the changes in value and purchase it when most affordable. Then, you should also follow its value’s ups and downs, to use it when most appropriate.