Crypto
What is crypto?
Crypto currencies are a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.
You can deposit and withdraw to Tokeno completely anonymously with crypto currencies.
Crypto betting websites offer a way for your balance to also be in a crypto currency with the ability to switch between them! No more conversions.
How to buy crypto?
This will depend on where you are located, how you want to buy it etc. In most countries, people buy crypto from online crypto exchanges or other selling platforms such as P2P. You can also visit local crypto exchanges in person to cash in or cash out your crypto from your crypto wallets.
Tokeno doesnt currently sell or buy crypto for fiat currency, you can deposit and play with crypto if you have it already.
Check with our support if you need more assistance in buying crypto.
Types of crypto currency
There are many crypto currencies (coins and tokens alike). The main ones we use for balances are:
Bitcoin (BTC), Ethereum (ETH), Tether (USDT, on ERC20, TRC20 or BEP20 smart-contracts), Doge Coin (DOGE), Litecoin (LTC), Ripple (XRP) and Bitcoin Cash (BCH) and FastToken (FTN)
How to track a crypto payment
Once you have made a payment with your wallet with your chosen crypto currency, you can track whether the relevant blockchain has confirmed your transaction (deposit or withdraw). It will depend on the coin/token and also the network you used.
If you have sent the correct token on the correct network and you also have sufficient balance on your crypto wallet to cover the sending fee’s you will be successful.
Crypto payments can take a few seconds to a few hours depending on the network, the load on the network, the fee attached to the transaction etc.
You can always check the status of your transaction on the crypto currencies corresponding blockchain explorer:
BTC - https://www.blockchain.com/explorer
TRX (including USDT TRC20) - https://tronscan.org/
ETH (including USDT ERC20) - https://etherscan.io/
LTC - https://live.blockcypher.com/ltc/
XRP - https://xrpscan.com/
BNB (including USDT BEP20) - https://bscscan.com/
FTN - https://www.ftnscan.com/
What is a network?
A network typically refers to a series of interconnected computers or nodes that adhere to a set protocol to validate and record transactions on a shared ledger.
Think of it as the type "fuel" needed to run an engine (crypto currency). You will need to make sure you send the right token on the right network.
For example USDT runs on multiple networks, so make sure if you want to deposit or withdraw USDT, that you select the right network from your wallet or Tokeno e.g. Ethereum (ERC20), Tron (TRC20) or Binance (BEP20).
If you have sent the correct token on the correct network and you also have sufficient balance on your crypto wallet to cover the sending fee’s you will be successful.
Crypto payments can take a few seconds to a few hours depending on the network, the load on the network, the fee attached to the transaction etc.
Is crypto anonymous?
Technically yes! Unless you specifically tell someone that your crypto address belongs to you, nobody (even Tokeno) will never know WHO is making payment or betting. We only see an address and whatever else is public on a blockchain.
Is crypto legal in my country?
It depends on your country but remember that it is totally anonymous and decentralised and most points, meaning no country "owns" or dictates crypto currencies. So long as it doesnt come into contact with fiat (which it wont on our side).
Is my crypto safe on Tokeno.com?
Yes. Our servers are well protected and never breached. Also remember that your crypto is only reflected on your balance. We hold your funds safe and will always guarantee your payout if you play fair under our website terms and conditions.
Just remember that you should always keep your crypto wallet and Tokeno accounts safe, even from friends and family! Dont deposit more than you need and dont keep your balance in the site unless you want to play!
What is FTN?
As the native coin of Bahamut, a Proof of Stake and Activity blockchain solution, Fasttoken makes ground for all staking, block creation and validation mechanisms and rewards aiming to deliver all the benefits of tokenized economy to our users.
How to buy FTN
All things crypto related, including: what is crypto, what are the different currencies, where you can buy crypto, what are networks and more.