Did you know that almost two million BTC and ETH transactions are processed daily? Imagine the volume of transfers from over 10 000 other currencies! This impressive statistic is formed thanks to various crypto networks that process each transaction. Here we will analyze which networks are available on BetFury and how to make fast deposits and withdrawals with minimal fees.

What’s a Crypto Network?

The network is a digital system based on blockchain technology that supports the creation, exchange, and management of cryptocurrencies. All network transactions are confirmed and recorded in blocks, which are added to blockchains. Due to the decentralized nature of the network, it’s resistant to hacking and fraud. Simply put, the network creates a reliable and secure environment for working with digital assets.

What Networks Does BetFury Support?

Our platform supports over 50 top-tier cryptocurrencies and 18 networks. Here each of them is listed.

How to Choose the Best Network?

When choosing a network for transferring crypto, it’s essential to consider several key factors:

• Processing Speed
  It affects the efficient and timely completion of transactions. High-bandwidth networks can process transactions even under heavy loads.
• Scalability
  It’s an aspect that indicates the ability of the network to handle a large number of transactions without loss of performance. The network is more stable if it dynamically adapts to increased transaction volumes.
• Gas Price
  It is the fee that each user pays for transactions. Networks with cheap gas will significantly reduce your costs of using cryptocurrency.
• Upgradeability
  It is the quality of support from developers. Regular improvements and implementation of new technologies can improve security, etc.

All these factors together form an ideal crypto network. It’s essential to understand that gas prices can also decrease if developers scale the network and reduce the load, gas prices can also decrease. If you transfer a small crypto amount, check out the network with the lowest fee. If your assets are much larger, pay attention to speed networks.

💡 Transaction Example

Consider a specific example of withdrawing ETH funds from your BetFury balance. ETH is supported by four networks: EPC-20, BNB Chain, Arbitrum, and Optimism. The commission is 0.005 ETH, 0.0005 ETH, 0.000533 ETH, and 0.000533 ETH, respectively. Thus, it’s optimal to choose BNB Chain to save money. However, it is worth paying attention to Arbitrum or Optimism for large volumes, which offer higher transaction speeds for almost the same price.

How to Deposit BFG Tokens?

BFG is a native BetFury token, which was launched on BEP-20. It’s supported by only one network – BNB Chain. Follow these simple steps to deposit BFG:

1. Go to the "Wallet" tab in the upper right corner.
2. Select "Deposit" in the list and specify the BFG token.
3. Copy your unique network address and enter it in the transaction field of an external wallet.
4. Send funds and wait some time.

The commission is equal to 10 BFG (about $0.22). You can also use the Buy Crypto feature, which lets you purchase tokens via Visa, MasterCard, etc. To withdraw funds, specify BFG and the external wallet address in the "Withdrawal" tab. Read the article about crypto wallets to learn where it’s better to store BFG.

⚠️ Important Note

Always check the addresses according to the network when copying. It will save you from losing funds. This rule applies not only to BFG but also to all other currencies.

Basic knowledge of networks and blockchains is the basis for any actions with cryptocurrency. If you have mastered all of the above, you can quickly exchange funds, trade, play, and earn. We wish you fast and cheap transactions!