How do crypto deposits work?

Short Answer: Crypto deposits function like a digital bank transfer but without the bank. You send digital currency (like Bitcoin, Ethereum, or USDT) from your personal crypto wallet to a unique address provided by the casino. It is fast, global, and offers higher privacy than traditional banking.

1. The Transfer Process

To deposit, you select 'Crypto' in the cashier and choose your coin (e.g., Bitcoin). The casino will show you a long string of characters (the Wallet Address) and a QR code. You open your own crypto app (like Luno, Valr, or Binance), scan that QR code, and send the funds. Unlike a card payment where the casino 'pulls' money, with crypto, you must 'push' the money to them.

2. Network Selection (Critical Warning)

When sending crypto, specifically stablecoins like USDT, you must choose the correct network (e.g., TRC20, ERC20, or BEP20). If the casino asks for USDT on the TRON (TRC20) network and you send it via the Ethereum (ERC20) network, your money will disappear into the void. It cannot be recovered. Always double-check that the networks match exactly.

3. Volatility vs. Stablecoins

Be aware of exchange rates. If you deposit Bitcoin, the value fluctuates. If Bitcoin crashes by 10% while you are playing, your balance drops in value even if you didn't lose a bet. To avoid this, many players prefer depositing USDT (Tether) or USDC, which are 'stablecoins' pegged to the US Dollar and do not change in value.

4. Blockchain Fees

While the casino rarely charges a fee for crypto deposits, the blockchain network does. This is called a 'Gas Fee' or 'Miner Fee.' On the Bitcoin network, this might be R50 or R100 depending on traffic. On networks like Litecoin or Tron, it is usually less than R1. Keep this fee in mind when calculating how much to send.