Toncoin Online Casinos

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Introduction

At the moment of writing this article, we can safely say that the crypto market offers so many different types of coins, but rare are those that offer as much as Toncoin does. Compared to the first-ever crypto, Bitcoin, this is a newer and dare we say way smarter coin to appear, trying to redefine what digital currencies can do. As you probably expected, it is a crypto that offers unrivaled speed and scalability, ideal for today's busy lives and financial scene. Naturally, among the first industries to embrace it was the online gambling industry, as thanks to what it has to offer, a great number of casinos started offering it to their players. If you're an online casino player, regardless of your country of residence, who's been dreaming of deposits and withdrawals in the blink of an eye, this is a solution to give a thought. Stay with us as we'll tell you all about it. What is Toncoin and why use it across online casinos?

About Toncoin

Telegram, one of the world’s most popular cloud-based instant messaging company, went on a mission to create the world’s best cryptocurrency. Having the means and resources to do it, in 2018, it launched Toncoin (the "ton" part of the name referring to Telegram Open Network, of course). And the crypto performed just like it was supposed to, offering unrivaled speed and scalability. It was a crypto of the future, sure, but due to litigation with the US Securities and the Exchange Commission, Telegram had to give up on it and now, it belongs to the The Open Network (which is basically why it kept the “ton” in the name, which now stands for The Open Network).

Now, considering The Open Network is a decentralized computer network developed by Telegram itself and Nikolai Durov, the coin’s scalability was really incomparable to any other, with a processing time of millions of transactions per second. And through advanced AI, the coin achieved something that no other crypto did, even though speed is cryptos' forte compared to other payment solutions. It managed to create this innovative circulation where users would vote to govern its ecosystem. That, and the fact that it is one of the most user-friendly digital currencies out there, helped it get a massive user base, with a market cap of over $1.5 million in trading.

The best part is, that the network works on making it the most accessible and private coin on the market, where instead of random strings known as addresses, users would only need to use their usernames to send and receive crypto transactions! It is close to achieving it, so in no time, you can expect the crypto to perform the most effortless transactions ever.

All that you read so far probably makes it clearer for you to understand why Toncoin is getting all of the attention it does across so many industries, including our favorite, the online gambling industry. Seriously, the minute it launched and showed what it has, it got listed as an option for deposits and withdrawals across a great deal of online casinos accepting players from all over the world. Thanks to its decentralized nature, anyone can use it, so if you’re one that would like to give it a go, continue reading to find out how to get started with it.

How to Start Using Toncoin

Now that you know so much about its history and background, it's time to learn about its present. We mentioned that it is extremely user-friendly, so you probably understood that it is very easy to get started with. As a matter of fact, if you’re a crypto enthusiast, you’ll get right on it; but even if you’re just a newbie to the crypto scene, this coin has your back.

The first step you need to make is to explore a few crypto exchanges. If you don't know it, these are online platforms where people can purchase digital currencies using fiat currencies or other coins. On top of our minds, we can mention OKX, Tidex, CoinEx, and Unocoin as some of the exchange platforms that give you the chance to purchase your Toncoins. Register an account with the one that looks most suited for you and you’ll be ready to purchase your coins in no time.

But first, of course, you’d need to fund your exchange platform account with money in order to complete your purchase. Each platform offers its own list of accepted payment methods, and these are usually global credit and debit cards, alternative solutions like eWallets, and some throw in even some prepaid solutions. Use the one that you have at your disposal and fund your account.

The next step, of course, is the actual purchasing process. This is, also, the easiest step: you just set out the amount of coins you wish to have in your possession and pay for their value in fiat currency or exchange it with some other crypto that you may already hold.

Now you need to store these coins. Here, you should know that some of the exchange platforms we listed offer crypto wallets themselves, but in case you wish to go with a different crypto wallet, we can’t blame you. Select the one that you’d want to use and just transfer the coins you purchased from the exchange, using the respective keys or addresses.

With that, you’re all ready to head over to one of the many casinos that offer Toncoin and start making your deposits and withdrawals with it. Follow our lead as in the next section, we’ll tell you exactly what you need to do.

Depositing and Withdrawing with the Solution

You will find plenty of great online casino sites where you can use Toncoin for your deposits and withdrawals, one of which certainly will be 1xBet. Its popularity never ceases to amaze us, so you should expect the number of casinos that offer it to grow in the future.

For now, it is important that you join an online casino you'll be comfortable to play at. Find a few options, explore what they have to offer in terms of games and bonuses, and join the most well-suited for you. Register an account within a few simple steps, and from there, to make a deposit with Toncoin, do the following:

1. Access your registered account with your chosen casino and find the Banking page.
2. Look for Toincoin’s logo on the list of accepted cryptocurrency options and press it.
3. In the new window, the casino’s crypto wallet address will be displayed; copy it.
4. Go to your own crypto wallet and paste the casino’s address, before you set out the amount of coins you’d want to have on your casino balance.
5. Confirm the transfer and you’ll see the coins reach your balance in a fraction of a second.

Side note: This should not happen, but in case the casino’s wallet address does not pop up in step 3, get in touch with its Customer Support team to get it. Transactions are definitive, and cannot be reversed, so you better have the right address unless you wish to lose all your coins.

Now, we said that withdrawals are possible with this solution, but what we didn't say is that, as soon as approved by the operator, they are also instant! All you have to do is go through a similar procedure as the one we just described.

So, you log into your casino player account, look for its logo on the Withdrawals page, select it, and in the pop-up, paste your crypto wallet address. Set the amount you wish to cash out and then paste your address in the designated field. The casino will take it from there, ensure you can withdraw as much as you requested, and in an instant, after you get the approval, the coins will land safely in your crypto wallet.

Coverage and Restrictions

All countries in the world that accept cryptocurrencies eligible countries when it comes to Toncoin. Due to its decentralized nature, it can, in theory, be used by anyone.

But, and this is a big but, there may be some bumps to the road if you’re not from a crypto-friendly country, like China that in 2021 reiterated nationwide prohibition on cryptocurrencies, or Russia, or even Turkey, all which have banned digital currencies, Brazil being the latest to join in on the ban.

There’s a light at the end of the tunnel if you’re from, say, Malta or Finland, or even better, El Salvador that made crypto legal tender, or all the other countries in between, that have welcomed cryptocurrencies.

Fees and Additional Charges

When it comes to fees, expect none charged by Toncoin. However, expect a few charges by the platforms you'll be joining for the services you'll be using.

These fees are, after all, all affordable, and charged for maintenance and conversion most of the time. Make sure you check with the platforms you'll be joining to find out more about them.

Accepted Currencies

Exchange platforms ensure they get at least the most used fiat currencies and cryptos offered to their users, if not all of them. Each exchange, of course, gives you different options, so this might be the deciding factor when dwelling on which one to join to complete your purchase.

Nevertheless, fiats like US dollars, the euro, UK pounds, and Canadian dollars, for instance, will 99% be your options. So even if your native currency is a different one and not listed as an option, you can always use these to complete your purchase. Among the cryptos offered for exchanges, you can bet that Bitcoin, Litecoin, Bitcoin Cash and Ethereum will certainly be options.

Customer Support

Being a community, a network that facilitates decentralized crypto transactions, it goes without saying that it won’t offer the Support service you are looking for.

You have the Learn page on its official website, updated by the community, where you could learn more about it, but for any issues, you may have with your deposits and withdrawals, you better get in touch with your casino's Support, as they'll surely be glad to help you out via several communication means.

Conclusion

Toncoin is a promising digital currency that has yet to reach its peak, but it is currently one of the hottest, most intriguing coins available out there, and we’re yet to see how much it will achieve in the future. For now, it is more than enough to know that it is an option for both deposits and withdrawals, offering top-speed transactions across many online casinos, so what else could one online casino player ask for?

FAQs

Will I be able to explore its official website in many languages?

Yes, you surely will. Aside from English, your options are Chinese, Spanish, Hindu, Portuguese, Indonesian, Russian, Ukrainian, and Turkish.

Does its value fluctuate as it does with other digital currencies?

Yes, sadly, that’s something to expect with all digital currencies. Even though it is an awesome crypto, it is still a digital currency and its value must fluctuate.

Will I find Toncoin on social media?

The community that runs the official website has made sure to put up profiles on leading social media platforms, too, so you have the coin on Telegram, of course, GitHub, Twitter, and LinkedIn.

Is there a FAQ page I could explore to find out more about Toncoin on its official website?

The site is like a FAQ page itself, with so many questions posed and answered by the community all over the pages. Make sure you explore it in detail and you'll surely learn all you need to know about the coin there.

How can I be certain Toncoin is an option at the crypto casino that I joined?

Toncoin’s logo must be present somewhere, anywhere, on the casino's website. Be it at the bottom of the homepage, in the Deposits/Withdrawals/Banking page, or at least in the FAQs page. Seeing it, you'll know that the casino you joined accepts it.