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Getting Started with Cryptocurrency

To use cryptocurrency at online casinos, it's important to understand the difference between "exchanges" and "wallets." Both are essential for managing cryptocurrency, but they serve different purposes.

What is an exchange?

An exchange is a platform for trading cryptocurrencies, allowing you to buy, sell, and swap digital currencies. For example, you can use Japanese yen to buy Bitcoin or exchange Bitcoin for another cryptocurrency.

Key features of exchanges:

  • A marketplace for buying and selling cryptocurrencies

  • Real-time price fluctuations

  • Support for fiat currency transactions (e.g., Japanese yen, US dollars)

Popular exchange examples: Bybit, Binance, Coinbase

What is a wallet?

A wallet is a digital tool for securely storing your cryptocurrency. Instead of holding the currency itself, it safeguards a crucial piece of data called a "private key," which is necessary to access and use your funds.

Key features of wallets:

  • A secure storage solution for your cryptocurrency

  • Ability to send and receive digital currencies

  • Available as online (hot) or offline (cold) options

Popular wallet examples: Trust Wallet, MetaMask, Coinbase Wallet

How to deposit with cryptocurrency

Mystino Crypto flow EN

Step 1: Create an exchange account and purchase cryptocurrency

We recommend creating an account on "Bybit," a cryptocurrency exchange with Japanese language support.

1. Create an exchange account

Select the account creation method and enter the required information.

Mystino Bybit 1-1

Authenticate your identity (KYC).

Mystino Bybit 1-2

2. Purchase cryptocurrency on the exchange

Choose a payment method.

Mystino Bybit 2-1

Choose the cryptocurrency, enter the amount, and follow the instructions to complete the payment process.

Tether (USDT) is one of the most popular cryptocurrencies for online casinos. In this guide, we'll walk you through the steps to purchase USDT.

Mystino Bybit 2-2

If you're unsure which cryptocurrency to choose, check out our Crypto Comparison Guide.

Step 2: Create a wallet account and store your cryptocurrency

After purchasing cryptocurrency, transfer your funds to a wallet for secure storage. We recommend "Trust Wallet," a beginner-friendly wallet service.

1. Create a wallet account

Mystino Trust Wallet 1-1

2. Transfer cryptocurrency from the exchange to your wallet

Check your wallet address to receive cryptocurrency.

Mystino Trust Wallet 1-2

Transferring cryptocurrency from the exchange to your wallet.

Mystino Trust Wallet 1-3

For instructions on how to deposit from your wallet to Mystino, please refer to our Cryptocurrency Payment Guide.

If you want to learn more about cryptocurrencies, check out this guide.