Crypto Networks: Quality Versus Quantity

Your casino can accept a customer’s cryptocurrency and still leave them without a suitable way to deposit it. The network they hold it on matters too.

For an operator reviewing crypto casino payments, that makes network support a commercial decision in its own right. The next integration should give customers a useful funding route and justify the work involved in supporting it.

Tanzanite’s deposit data shows why the choice deserves more than a ranking by dollars received. Across 39 tracked casino sites in the rolling 360-day view, Ethereum accounted for 34.9% of recorded deposit value but 19.4% of deposit transactions. BNB Smart Chain accounted for 9.9% of value and 27.6% of transactions. The network carrying the most value was different from the one handling the most deposits.

For your business, the distinction matters because a payment offering needs to work for the activity you want to serve. A network with a large share of deposit value deserves attention when assessing funding capacity. One carrying frequent deposits also deserves attention when assessing the cost and experience of processing those payments. Neither measure, by itself, tells you which integration will earn more for your casino.

The useful next question is whether the network fits your customers. Your own deposit activity, requests for unsupported networks and failed funding attempts can help put the wider figures into context. An established operator may find a gap in an otherwise successful cashier. A new casino can use observed activity to inform a shortlist, then test whether its intended audience needs those routes.

That shortlist also needs a commercial assessment. Compare the costs of receiving and sending funds, the work your payment provider handles and the support your team must provide. A network’s share of tracked deposits does not establish the fees you will pay or the service your customers will receive.

Customer instructions form part of that offering. The cashier should clearly identify the supported network for each deposit option. A customer needs to know whether the route matches the funds they intend to send before making the transfer. Withdrawal support deserves the same consideration, so the payment experience works beyond the first deposit.

The aim is a selection your casino can support well, with a clear reason for each network’s place in the cashier. That gives the next integration a defined purpose and gives your team a basis for assessing its value after it goes live.

Tanzanite combines on-chain analytics with product audits and advisory on payment-provider integrations. We can help you assess observed network activity alongside your casino’s payment offering and identify where further support deserves consideration.

Talk to Tanzanite about which blockchain networks belong in your casino’s payment strategy.

Sources:
Tanzanite Casino Analytics: deposit volume and transactions by network
Tanzanite solutions