Olimp - Bookmakers

Enter

FAQ

Cryptocurrency: Deposits and Withdrawals

What is cryptocurrency?

Cryptocurrency is a digital form of money that exists entirely online. It has no physical coins or banknotes, but it works much like traditional money — you can store it, send it, and use it to make payments. Transactions are made directly between users, which makes transfers fast, transparent, and predictable.

Bitcoin (BTC) is the first and most widely recognized cryptocurrency. It runs on its own Bitcoin network, known for its reliability, though transaction speed and fees can vary depending on network congestion.

USDT (Tether) is a stablecoin pegged 1:1 to the US dollar. Thanks to its stable value, USDT is commonly used for transfers and everyday transactions.

USDT is available on several networks, each with different speeds and fees:

TRC-20 (TRON) — Fast transfers with minimal fees.

ERC-20 (Ethereum) — Reliable, but with higher fees.

BEP-20 (BNB Smart Chain) — A fast and cost-effective alternative.

Cryptocurrency transfers are one of the most convenient ways to deposit funds. All you need is a crypto wallet: choose the currency and network, then send the transfer to the provided address. Choosing the correct network is essential. Wallet addresses differ across networks, and sending funds to the wrong network may result in the transfer being lost. To help prevent this, the system always displays the correct address and network before you complete a transaction.