Bitcoin at Bet4: what changes when the payment is on a blockchain
Bitcoin payments replace the card network or the bank with a blockchain. The money moves from your wallet to an address the cashier gives you, and after a number of network confirmations it is credited. That sounds simple, and in practice it is — as long as three details are right: the address, the network and the exchange rate at the moment of crediting.
Note: the set of methods and the limits depend on your account — check the cashier before you pay.
Depositing with Bitcoin
Choose Bitcoin in the cashier and copy the deposit address, or scan its QR code. Check the first and last characters after pasting, because clipboard malware that swaps addresses exists. Send from a wallet you control; sending directly from an exchange account is possible but some operators prefer a personal wallet. The deposit is credited after the number of confirmations the operator requires, which depends on network load.
Many cashiers convert the coins to the account currency on arrival. If so, the rate at that moment decides your balance, not the rate when you pressed send.
Withdrawing in Bitcoin
Where Bitcoin payouts are offered, you paste your own wallet address into the withdrawal form. The request goes through the same review as any other; after approval, the operator broadcasts the transaction and the network does the rest. A network fee is involved, and the cashier shows whether it is deducted from the amount. A wrong address cannot be corrected — a blockchain payment is final.
Crypto does not skip verification
Paying in Bitcoin does not mean anonymous play. Identity verification and, for larger amounts, questions about the source of funds apply as with any other method. Some operators also ask you to confirm ownership of the receiving wallet.
Price risk
Between a deposit, a session and a withdrawal, the price of Bitcoin can move. If the account balance is held in a fiat currency, you carry that risk on the way in and out; if it is held in Bitcoin, the balance itself moves with the market. Neither is better — just know which one you have. Other coins and stablecoins are covered in the crypto guide.
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