Crypto Currency
Everything You Need to Know About Cryptocurrencies: Answers to Your Frequently Asked Questions
When you make a deposit with cryptocurrencies on Playred they are always converted to FIAT currencies especially to US dollars (USD) that can be used for gaming. This conversion is quick and does not involve a lot of complications that are associated with cryptocurrency values.
This is done in order to make the funds to be in a form that is acceptable by the gaming platform where FIAT money such as US dollars (USD), European Union Euro (EUR) among others are used. Therefore, if you want to make a deposit with cryptocurrencies like Bitcoin, Ethereum or others, the value of your deposit will be converted to US dollars which is the normal currency for all the transactions on Playred. Although you made the deposit with cryptocurrency your Playred account balance will be in US dollars. Once the deposit is done, you will be able to use the money for any game or bet that is available on the platform including casino, sports, live casino and many more.
It is important to note that the exchange rate between the digital money and the dollars may change according to the rates in the market at the time of the transaction, which means that the final amount you get will depend on the rate at the time of the transaction. Please note that the exchange rate will be displayed at the time of the deposit so that you are aware of the amount that will be received in USD.
Here in Playred, you can actually get cashback even when you are using your cryptocurrencies to make deposits and place your bets. The cashback system is available for all payment options on the site including the common cryptos such as Bitcoin, Ethereum, Litecoin, etc.
The percentage and the way of crediting cashback can be different depending on the current promotions and the level of the Loyalty Club that you have. It is possible that there are certain offers available only for the customers who use cryptocurrencies and get some extra benefits as opposed to other payment options.
It is always important to check the details of any given promotion in order to know if there are any wagering requirements or restrictions when it comes to cashback on cryptocurrencies. The time of crediting may also vary depending on the promotion, but you can find out more details from the dedicated section on the website or by contacting the customer support.
No matter which payment option is used on the site, Playred provides a secure and clear gaming environment with a chance to get additional benefits even when using digital currencies.