Crypto payments: what to understand before the first transfer
By Kristaps Birznieks · updated October 2026
Some operators offer cryptocurrencies in the cashier — Bitcoin, Litecoin or stablecoins such as USDT, for example. It is not a standard feature: many cashiers have no crypto at all, and regulated markets often restrict it. If you see no crypto in the cashier, it is not available. This page explains how crypto payments work so you understand the risks if the option is there.
The set of methods and limits depend on the account and the operator — check the cashier to see what your account actually offers.
Four concepts
- Network. The same coin can exist on several networks. Sender and receiver must use the same one.
- Address. A unique string the funds are sent to. A mistake in the address usually means a permanent loss.
- Network fee. Paid to the network for processing the transaction; it changes with how busy the network is.
- Confirmations. A transaction is credited after a number of network confirmations set by the operator.
Depositing
In the cashier you choose the coin and the network, and the operator shows an address or QR code. From your own wallet you send the amount to that address on that network. After the confirmations, the amount is converted into the account currency at the operator's rate, or credited in crypto if the account supports it.
Withdrawing
For a withdrawal you give your wallet address and network. Check the address twice — crypto transactions cannot be reversed. The operator may ask for verification just as with any other method, typically an ID card or passport. Crypto does not make an account anonymous: a licensed operator has to identify the player either way.
Exchange-rate risk
If the casino account is in euro and you pay in crypto, a conversion happens between your wallet and the account. Rates move, so there can be a difference at the moment of conversion. Stablecoins are pegged to the US dollar, not the euro, so they still carry exchange-rate risk against a euro account. Volatile coins such as Bitcoin can change value even between sending and crediting.
Safety
- Send only to the address shown in the cashier after signing in, never to an address from a chat or email.
- Check the network: the wrong network can mean lost funds.
- Test with a small amount before sending a larger one.
- Check the operator in the regulator's licence register. A site that accepts only crypto and does not name its operator is a warning sign.
Who it suits
Crypto payments suit people who already use wallets and understand networks. If you are doing it for the first time, pay by bank or a card will be simpler. A coin-specific guide is on Bitcoin, and withdrawals in general on withdrawals. One reminder for bettors: exchange-rate swings do nothing to the bookmaker's margin, which is explained in sports betting.
Crypto and bonuses
Some bonuses exclude crypto deposits or have separate terms for them. Check the offer before paying, and remember that a bonus calculated in euro while you hold crypto adds one more moving part to an already complex calculation.