What is cryptocurrency?

Cryptocurrency is a medium of exchange that uses blockchain technology, which is basically an advanced encoding technique, to secure and verify the creation of monetary units and the transfer of funds.

Simply put, think about cryptocurrencies like a digital casino chip; it holds value within the digital world and it can be exchanged for regular currency, it can be used to make different payments or, in this case, to make deposits to your PayDay Casino account.

What is Bitcoin?

Bitcoin (BTC) is the world’s largest cryptocurrency by market capitalization. It was launched in 2009 and it is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

What are Altcoins?

An Altcoin is an alternate cryptocurrency other than Bitcoin. Like Bitcoin, altcoins are digital currencies but some of them use a different consensus mechanism to produce blocks or validate transactions. Also, some of them provide new or additional capabilities, such as smart contracts or low-price volatility.

What are the advantages of cryptocurrencies?

Using cryptocurrencies is the easiest way to deposit and get paid at Paydaycasino.ag. It’s very fast and easy to verify. Plus, the low cost associated with the processing of cryptocurrency payments is another one of its benefits and makes this method very appealing. At PayDay Casino, all Bitcoin and altcoin deposits have zero processing fees (third party fees associated depend on each crypto and can change at any time).

Are cryptocurrencies regulated?

No, cryptocurrencies are generally not controlled by any bank or government agency, the network is completely decentralized, and the participants are the ones that play the role of controllers.

Are cryptocurrencies legal?

Cryptocurrencies are legal in most countries. However, it is always recommended that you check regulations in your country before joining the network.

Are cryptocurrencies completely anonymous?

Cryptocurrencies are often said to offer complete privacy but only a few are genuinely anonymous. The systems used by cryptocurrencies offer a high level of security and anonymity up to a certain extent; all information is encoded and protected and transactions are identified by unique wallet addresses without publicly sharing personal identifiable data, but nothing is infallible and there are always ways in which a skilled analyst could uncover who is behind particular transactions.

Why are cryptocurrencies cheaper than other forms of payment?

Cryptocurrencies cut the “middle man” from the process of transferring money, which is why it is cheaper than traditional transfers or other forms of payment.

What cryptocurrencies does PayDay Casino support?

PayDay Casino accepts:

How do I get started with cryptocurrency?

The first step is to choose a cryptocurrency exchange company and proceed to open an account. The accounts are free.

Choose among featured exchanges Coinbase, Crypto.com, Kraken, or Gemini to buy Bitcoin quickly and easily.

The exchanges, wallets and other third-party services mentioned on this page are not associated with PayDay Casino. Choosing the best exchange depends on your specific needs and preferences.

Following creating an account, it is recommended to download the exchange’s mobile app to your phone to simplify wallet address QR code scanning, sending and transferring Bitcoin.

How do I buy bitcoins?

Buying bitcoins is simple by using a regulated exchange service, which is a safe and secure way to purchase cryptocurrencies online.

Go on your exchange account (for many it’s a deposit button link), enter the amount you want to buy, your preferred payment method and submit. It just takes a few clicks. Once you complete your purchase, the Bitcoin automatically arrives in your digital wallet and is ready to deposit in your player account.

View our Bitcoin Tutorial. We’ll show you the simple steps to buy Bitcoin using your preferred payment method.

How do I deposit with cryptocurrency on PayDay Casino?

Once you complete your purchase, the crypto tokens automatically arrive in your digital wallet and are ready to deposit in your player account.

In the PayDay Casino Cashier, only use the generated Bitcoin address once per deposit.

Can I get paid from PayDay Casino with cryptocurrency?

Yes, you can make your withdrawal requests using most of the same cryptocurrency options PayDay Casino offers for deposits:

Are there any fees involved for cryptocurrency withdrawals?

Yes. Please note that players may be charged a fee on cryptocurrency withdrawals. Depending on network congestion, fees will vary. When congestion goes up, fees will also increase. However, when congestion decreases, the fees will as well.

Please visit the Cashier to review all payout method options and details on fees.