Frequently asked questions

We hope to answer as many questions as possible here, however if your answer isn’t listed please submit a support ticket.

General

What exactly is Cryptocurrency?

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency. And to verify the transfer of funds, operating independently of a central bank.

What makes it different from normal currencies?

Digital currency can be used to buy things electronically. It is much like conventional dollars, euros or yen. Although these currencies can also be traded digitally, they rely on a physical presence and centralization to control and monitor their existence. The most important aspect of digital currency that makes it different to conventional money is that it is decentralized. No single institution or person controls any digital currency network.

What is a Draftcoin?

A Draftcoin is cryptocurrency that is used exclusively on BTCDraft as the main credit system.

Where can I purchase Draftcoins?

Draftcoins can currently be purchased on the following exchanges:

What Cryptocurrencies can you buy Draftcoins with?

Bitcoin is the main Currency at the moment but you can vote on our “Coin Voting” page to get your favorite Cryptocurrency listed.

Why choose Cryptocurrency instead of using Fiat?

By using Cryptocurrency we believe we are making a change. The following are some good points: speed of transactions, cost of transactions, decentralization, fraud protection, identity theft protection, anonymity, no need to trust anyone, and you own them!

How are the Bets covered?

Betting on the application will be done with DFT only and the house (BTCDraft Inc.) holds 50% of Draftcoins total supply. It is our rule to cover all bets on the floor by holding 50% of the coins. If players win enough to reduce this amount, we buy back circulating DFT coins from exchanges in order to return our securities to 50% of total supply.

How do I deposit my Draftcoins?

Generate a Draftcoin address within your user profile. Once an address is created then you can deposit coins from a successfully synced DFT wallet.

What's the minimum and maximum I can withdraw?

Those variables are based on the verification level for each individual user. Please refer to the fees section.

What fees do BTCDraft charge?

BTCDraft Charges a 1% fee on all jackpots won, and a variable withdrawal fee is added to increase network speed and transactions.

Is my personal information encrypted and secured?

All information is stored in secure Sha256 encryption.

How do I get invited to the Draftcoin telegram channel?

Telegram is Free to join, signup a t.me/btcdraftcoins

What are my withdrawal limits on BTCDraft?

Withdrawal limits are based on Verification levels with in the site. Once verified you will be informed of your new limit restrictions.

Why isn't my withdrawal working?

Sometimes networks become lagged because of low fee transactions. Btcdraft charges a small transaction fee to help increase the speed of these.

Why am I unable to receive the confirmation email for withdrawals?

Please make sure to check you SPAM folder or Junk mail.

How can I invite my friends to play?

Each user has their very own unique Referral code located within their Profile page. Hand these out to receive a % of commission.

Coin Voting

How do I cast a vote?

You may cast votes for your favorite Coins by purchasing DFT (Draftcoins) and clicking the corresponding vote button.

How much does it cost to vote?

Each vote will cost 1 DFT

How many votes before a coin is added?

Every 2 weeks BTCDraft will review the top coin on the voting list. There isn’t a specific amount of votes required for a coin to be added.

What are the specifications for a coin to be added?

For a coin to be added it must meet certain criteria, for example the coin must have enough volume and liquidity, and the coin must be on other exchanges.

Game FAQ's

How often are the game jackpots reset

The game jackpots are reset automatically every 12-24 hours depending on the game type.

How do you win a high score game?

The high score games are won when a player succeeds in setting the #1 high score position

What is the game Jackpot made up of?

Every time a player fails to beat the new high score, the funds are sent to the jackpot.

What happens to the Jackpot funds when the game is rest?

The funds are added to a weekly jackpot. Users can purchase raffle tickets to win this.

What is the house edge?

The house edge varies but is only present in the gambling games. The arcade type games have no house edge.