Frequently asked questions

You send coins to an address the receiver made for you. The deposit credits after a set number of blockchain confirmations, and the receiver picks that number. Match the coin, the network and any memo exactly, send a small test first, and wait for it to credit before you send more. How a crypto deposit works.

Yes. The coin is the same but the networks are not. TRC-20 (Tron) and ERC-20 (Ethereum) differ in fees, speed and address format, and the network you send on has to match the network the receiving address expects. TRC-20 vs ERC-20.

Not always. If the address exists on both chains and you hold its keys, you can usually get the funds back. If an exchange owns the address, a recovery request may work for a fee. If the address is wrong or belongs to a contract, expect a loss. Wrong-network sends.

Bitcoin's price moves while your money waits, and each time you dispose of it you may owe tax on the gain or loss. USDT aims to hold $1, but it depends on its issuer and the network you pick. Neither one is free to move. Bitcoin vs USDT.

It is waiting on either the platform (manual review, identity checks, bonus terms) or the blockchain (a low fee, congestion). A block explorer tells you which: if there is no transaction ID yet, the hold-up is the platform's. Pending withdrawals.

Send the crypto to a regulated US exchange, finish its identity checks, sell for dollars, then withdraw by ACH or wire. Expect holds on new accounts, daily limits and questions about where the money came from. Cashing out to a bank.

Three separate things: gas paid to the blockchain, a withdrawal fee charged by the exchange, and the spread when you convert. Gas changes minute to minute and exchange fees change too, so add all three up before you assume a transfer is cheap. Network fees explained.

It is a commit-reveal scheme. Before you bet, the site shows you a hash of its secret seed. Once the seed is revealed, you re-run the maths and confirm the result matches. It covers casino-style games like dice and crash. Ordinary sportsbook bets are not provably fair. What is provably fair.

Check that the revealed server seed hashes to the value you were shown before betting. Then compute HMAC-SHA256 with the server seed over clientSeed:nonce:0, turn the first four bytes into a fraction and scale it. The answer must equal the roll you got. How to verify a bet, or use the verifier.

The server seed is the site's secret, shown first only as a hash. The client seed is yours. The nonce counts your bets. Rotating the seed reveals the old one so you can check past bets. Set your own client seed before you play. Seeds and nonces.

No. Provably fair shows a result was fixed before you bet and follows a stated formula. It does not show the advertised return, that winnings get paid, that the site is licensed or solvent, or that sports odds and settlement are fair. What provably fair doesn't prove.

No. No US state licenses them, and state regulators treat them as illegal operators. If you use one, there is no regulator to complain to and no guaranteed payout. Offshore sportsbooks and US law.

No federal law makes it a crime for an ordinary person to place a sports bet. The Wire Act and UIGEA target businesses that take bets and payments. Whether you can bet legally is mostly a state question. Federal law, or find your state.

Yes. Winnings paid in crypto are taxable income, valued in US dollars when you receive them. If you later sell or swap the coin, the difference is a separate capital gain or loss. You report both, whether or not a tax form arrives. How crypto winnings are taxed.

Only on Schedule A, only up to your winnings for the year, and for tax years beginning after 2025, only 90% of the losses. A break-even year can still leave you with taxable income. Deducting gambling losses.

A diary of wins and losses with supporting documents. For crypto, add the transaction hash, wallet addresses, coin amount, the dollar value and where you got it, and a timestamp for every deposit, bet, payout and sale. Records to keep.