Cryptocurrency is becoming an increasingly important part of our lives, especially on the Internet. It is a virtual currency that has no physical form.

It can be used for purchases, bank transfers and other traditional financial transactions. The advantage of cryptocurrency lies in the fact that transactions are carried out in total anonymity. This means that the currency is not subject to any banking or government control. Its main advantage today is the speed of its transactions, which are generally very fast and take just a few minutes compared with bank transfers, which can take up to several days.

In everyday life, you store your money in a wallet or bank account.

In the world of crypto-currencies, you also have to think about storing your money somewhere. We can even talk about virtual money, which is the case with cryptocurrency.

When your e-currencies are stored on exchange sites such as Binance, Bittrex, Kraken, Coinbase and many others, the private keys are held and protected by the exchange platform itself. So that's exactly how a wallet works.

If this sounds strange and might confuse you, just remember that it acts like a wallet or a bank account, but for storing your crypto-currencies. In the end, that's what a wallet is for.

Casinos offering cryptocurrency deposits are very accommodating to players who don't want to wait more than 48 hours for their deposits. Crypto casinos often allow instant withdrawals to your wallet, which is very pleasant for a majority of casino players who tend to often cancel their withdrawals at traditional Euro / FIAT casinos.

• Speed of transactions: as you are no doubt aware, every conventional bank transaction takes time to complete, in most cases between 3 and 5 working days. This is not the case with cryptocurrencies, where the waiting time is greatly reduced, or even non-existent in some cases. So it's possible to transfer money to anyone more simply and much more quickly.

• Transaction fees: apart from the obligatory waiting time for a standard bank transfer, you should be aware that fees are charged for each transfer. These fees, which are deducted by the banks, are non-existent when using cryptocurrencies or very low most of the time.

• Blockchain security: the blockchain is one of the key elements that ensures the security of transactions carried out with cryptocurrencies. It is a computerised system governed by software distributed across networks of computers around the world. As a result, every time a transaction is carried out using a cryptocurrency, several million computers around the world verify the transaction. This means that cryptocurrencies are tamper-proof because it is impossible to hack into all the computers that make up the blockchain.

Stability: unlike traditional currencies, whose prices are regulated by competent institutions, virtual currencies are not stable. This instability, along with the ever-increasing popularity of currencies such as Bitcoin, is a serious concern for some financial institutions.

That's why in the world of cryptocurrencies, nothing is certain: at any moment, one of them could collapse, and lose its value as a result. To compensate for this, there are so-called ‘stable’ cryptocurrencies that follow the rate of the dollar to store your cryptocurrency on your wallet (example: $USDT or $USDC).