The beginning and history of Cryptocurrency
The idea of digital currencies has been around for a long time. They may have been around since the eighties or nineties, but the official beginning of cryptocurrency was the year 2009, when Satoshi Nakamoto created the first digital currency, which is Bitcoin! Satoshi Nakamoto is a pseudonym used by the person or people who developed Bitcoin, the most famous and most valuable currency in the history of digital currencies.
Today everyone knows the name of this currency, Bitcoin, or at least heard about it once in the news or through a friend. What some people do not know is that this currency, with which you can buy an entire house in some countries if you only have one Bitcoin, was not Its value at its beginning was less than one dollar, yet its value in 2021 reached more than $68,000.
The second currency to appear in the history of digital currencies is Litecoin, which is still one of the most famous currencies today. It was created in 2011, almost two years after Bitcoin. Years passed from the time of one currency and two currencies, until the end of the year 2022, which had more than 21,000 currencies!
The idea behind digital currencies is that they are decentralized, without the presence of a central bank. They can be sent from one person to another without the need for a third party or intermediary such as banks. Transfers are confirmed via Blockchain technology, all of which are factors that increase transparency and privacy and may take a period of time. Up to more than one day, such as transferring through banks.
Types of cryptocurrencies to deposit and withdraw at YYY
YYY Casino can deposit in many different types of cryptocurrencies. Starting from Bitcoin to Dogecoin, the currency that began as a joke until it became one of the most important digital currencies for investment opportunities.
Some of the currencies in which the deposit is made on YYY:
- Bitcoin
The most famous and most expensive currency, as the value of one Bitcoin reached more than $68,000 before, and even after the currency declined significantly, it is still the most valuable currency.
- Bitcoin Cash or Bitcoin Cash
- Ethereum
The second most famous and expensive currency is Ethereum, where the price of one currency reached more than $4,800 before. It still ranks second after the price drop.
- Tether or Tether
USDT is one of the safest digital currencies, as it always has the same value as the US dollar, so if you use a platform such as Binance or other digital currency exchange platforms, you do not need to worry about the fluctuation of the value of USDT or other stable currencies.
- Dogecoin or Dogecoin
- Litecoin or Litecoin
There are more types of cryptocurrency that can be deposited on YYY through the deposit page. Currently, withdrawals via digital currencies can only be made through stable currencies such as USDT, a currency that maintains its value because it is linked to the dollar.
Frequently Asked Questions:
Digital currencies are decentralized and can be sent from one person to another to carry out various purchases or exchanges. There is no paper or physical copy of digital currencies like real money. This makes it faster, more private, and more secure than regular money, and there are no conditions or complications for using it, knowing that some countries may have restrictions on cryptocurrencies.
There are more than 21,000 different currencies at the beginning of 2023. The types of cryptocurrencies that can be deposited at YYY Casino include Bitcoin, Bitcoin Cash, Ethereum, USDT, Dogecoin, Litecoin, and others.
There are many ways to trade, buy, and sell digital currencies, such as the various crypto platforms, the most famous of which is the Binance application, through which you can make deposits on YYY Casino. We recommend that you carefully research in order to protect your balance and investments in the world of digital currencies.
That is, from the withdrawal page on your account at YYY Casino, profits can be withdrawn via digital currencies such as USDT, whose value is linked to the dollar.
Depositing via digital currencies is very fast, and the player gets a 10% ten percent bonus on every deposit he makes via digital currencies, with the ability to withdraw profits from it as well. For further assistance regarding the bonus or withdrawing profits, you can contact the support team via WhatsApp.
In rare cases, digital currency transfers may take 30 or 60 minutes. You do not need to do anything except wait some time for the process to be completed. After an hour has passed, please contact the support team of the application you are using to convert currencies.