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1xbit Azerbaijan | deposit and withdrawal
1xBit does not charge any fees for deposits or withdrawals, as these are usually traded instantly in one of the 24 cryptocurrencies supported. These transactions are transparent and recorded on the blockchain, which means any issues that may arise are recorded, providing greater protection for your funds.
While there are no platform fees for deposits and withdrawals, sending transactions using the blockchain incurs network fees, with Bitcoin and Ethereum being the most expensive due to network congestion. In addition to network fees, some exchanges affiliated with the 1xBit platform will have their own asset exchange fees.
Deposit
Once a user has registered an account, it is easy to deposit money into the account. Users first have to log into their account, and then they will choose the type of cryptocurrency they want to deposit. An e-wallet address will appear on the screen. When transferring funds from a personal e-wallet to a 1xBit deposit account, the user must copy this address and paste it into the recipient’s address. The minimum deposit required is 1.0 mBTC or an equivalent valuation in any other cryptocurrency.
The user can then use the deposit amount to place different bets on sports or games. 1xBit does not charge any deposit fees. But in the event of congestion on the blockchain network, the network may charge a very small deposit network fee for some specific cryptocurrencies.
Withdrawal
The minimum withdrawal amount is equivalent to a valuation of 10 mBTC in any cryptocurrency. The withdrawal processing times of the best Bitcoin casinos and crypto casinos are slightly higher than other casinos that operate online. This is because cryptocurrency casinos do not have to use any third-party or external payment methods or portals to process their transactions. Withdrawals are usually instant. The maximum withdrawal time/payment speed is 1 hour depending on network traffic.
1xbit advantages
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