Cryptocurrency Guide
Yes, it’s also a popular payment method on Mystino.
Actually, it’s very simple and not that difficult. Let me explain it on this page.
What is Cryptocurrency?
Cryptocurrency is a digital currency secured by cryptographic technology and primarily used online. Unlike traditional cash, it has no physical form and is used for transactions such as payments and transfers over the Internet. Since cryptocurrency transactions do not require a bank, international transfers can be processed smoothly and efficiently.
In recent years, cryptocurrency has become widely adopted as a deposit and withdrawal method at online casinos, with a growing number of users each year. At Mystino, you can also use cryptocurrency, and players highly rate its convenience.
Benefits of Cryptocurrency
Fast Transactions
One of the biggest advantages of cryptocurrency payments is their speed and seamless processing. Unlike bank transfers, which may take time due to banking hours, cryptocurrency deposits are usually processed instantly (it may take up to 2 hours).
Low Transaction Fees
Since cryptocurrency transactions do not involve banks or third-party payment processors, fees can be significantly lower (fees may vary depending on the exchange, so please check in advance). Mystino does not charge any deposit or withdrawal fees.
Global Accessibility
Cryptocurrencies are globally accepted and free from foreign exchange fees when making international transfers. This means you can make transactions smoothly, no matter which country's services you use. Even at overseas online casinos, deposits and withdrawals are quick and hassle-free.
Supported Cryptocurrencies at Mystino & Deposit Methods
At Mystino, you can use the following cryptocurrencies:
Supported Cryptocurrencies
BTC (Bitcoin)
ETH (Ethereum)
BCH (Bitcoin Cash)
LTC (Litecoin)
USDT (Tether)
XRP (Ripple)
DASH (Dash)
LINK (Chainlink)
USDC (USD Coin)
Cryptocurrency Deposit Methods (Mystino charges no fees for transactions)
For detailed deposit and withdrawal methods and transaction limits, please refer to our Cryptocurrency Payment Guide.
Getting Started with Cryptocurrency
To use cryptocurrency, you will need two services: an exchange and a wallet. Below is the process for depositing cryptocurrency at Mystino:
Purchase cryptocurrency from an exchange.
Transfer the purchased cryptocurrency to your wallet.
Send the cryptocurrency from your wallet to Mystino.
For detailed step-by-step instructions, please refer to this guide.
Important Considerations When Using Cryptocurrency
While cryptocurrency is a convenient payment method, there are a few key points to keep in mind:
Price Volatility
Cryptocurrency prices fluctuate like stock prices and can change rapidly. Always check the latest exchange rate before making a transaction and use only what you can afford.
Check Supported Currencies
There are over 10,000 cryptocurrencies in existence, but not all exchanges or online casinos support every type. Be sure to check which cryptocurrencies are accepted before making a deposit.
Transactions Cannot Be Reversed
Once a cryptocurrency transaction is executed, it cannot be canceled. To avoid mistakes, always double-check the recipient address and transaction amount before confirming your transfer.
Cryptocurrency Glossary
If you’re new to cryptocurrency, you may come across unfamiliar terms. Understanding the basics will help you use it more effectively.
Blockchain
A technology that records cryptocurrency transactions. Transactions are stored in "blocks" and linked together like a chain, ensuring security and preventing tampering.Wallet
A digital wallet used to store and manage cryptocurrency. There are different types, including "hot wallets" (online) and "cold wallets" (offline storage).Private Key (Secret Key)
A unique key used to manage your wallet. It must never be shared with anyone, as anyone who gains access to your private key can steal your funds.Public Key (Public Address)
A publicly shared key used to receive cryptocurrency payments. Unlike a private key, it can be safely shared with others.Transaction
A record of cryptocurrency transfers or trades. Every transaction is permanently stored on the blockchain, ensuring transparency and security.