Cryptocurrency payments are easy, but beginners may want to learn more about their new payment methods. This is all the general information about crypto transactions that you will need to know.
Cryptocurrency is a term used to describe a digital currency that uses blockchain technology for security, information tracking, and much more. These decentralized networks, known as blockchains, provide users with transparency, incorruptible data, and immutability of transactions.
Crypto transactions require confirmations on the blockchain, which vary depending on which network you are using. Each cryptocurrency features its unique transaction per second (tps) speed.
Some casinos will reflect your deposit after a certain amount of confirmations, such as 1 of 3 Bitcoin confirmations. Generally, it should take a maximum of a few minutes for your payment to reflect, although this depends on your crypto payment method.
Cryptocurrency transactions are all subject to network fees. These are payments to the people processing the transactions for the specific network. Your transaction fees will vary depending on the cryptocurrency you are using and network congestion.
