Bitcoin: a slow network and a fast-moving price

By Ilze Krūmiņa · updated October 2026

Bitcoin is often the first crypto option in a cashier. Three of its properties matter to a player: blockchain transactions cannot be reversed, confirmation can take time, and the price against your currency moves around the clock. General crypto rules are on Crypto; this page covers Bitcoin specifics.

The set of methods and the limits depend on the account — check the cashier.

Address formats

Bitcoin addresses can start with different characters depending on the format — for example "1", "3" or "bc1". Modern wallets support all of them, but older or specialised wallets may not be able to send to some. If your wallet refuses the cashier's address, do not try to "fix" it: the formats are incompatible. Use another wallet or another method.

Network fees and confirmations

Every Bitcoin transaction carries a network fee paid to the network, not the operator. When the network is busy, fees rise and a low-fee transaction may wait longer for confirmation. The cashier credits the deposit only after the number of confirmations it specifies. That makes Bitcoin a poor choice if you want to play right now.

Exchange rate: an example

You send Bitcoin worth 150 at the moment of deposit, into an account held in a fiat currency; the cashier credits 150 at its rate. A week later you withdraw 150 back in Bitcoin and receive as many coins as 150 buys at that moment — which may be more or fewer than you sent. If the account itself is held in Bitcoin, the swings affect the whole balance. Either way, allow for conversion spreads.

Below the minimum

If you send less than the minimum deposit, it may not be credited automatically. Some cashiers hold it until you top up to the minimum; others need support to step in. Account for the network fee: if your wallet deducts it from the amount sent, less will arrive than you planned.

Withdrawing in Bitcoin

  1. Make sure verification is complete and no bonus is active.
  2. Copy your wallet's receiving address and paste it into the cashier.
  3. Check the start and end of the address, the amount and any withdrawal fee.
  4. Once the status is "sent", ask for the transaction ID and check it in a blockchain explorer.

If the transaction is on the blockchain but not in your wallet, the problem is usually on the wallet side — for example the wrong network or an exchange's internal delay. Status meanings are on Withdrawal status. If you would rather stay in your own currency, see Bank transfer.

Frequently asked questions

How many confirmations does a deposit need?
The cashier sets the number and shows it in the deposit window. Until it is reached, the deposit is not credited.
Who pays the network fee on withdrawals?
The cashier may deduct it from the payout; you will see it before confirming.
Can a sent Bitcoin transaction be cancelled?
No. Once confirmed on the blockchain it cannot be reversed, so check the address beforehand.
Should my account be in Bitcoin or my own currency?
An account in your own currency keeps the balance stable; a Bitcoin account only makes sense if you deliberately hold the coin.
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