What Happens Between Sending A Deposit And It Crediting
Ever wonder what actually happens between hitting send and seeing your balance update, so here are the seven steps in how a crypto deposit gets confirmed and credited to your account.
You get a unique address
When you start a deposit on Cryptoflip, you are shown a unique wallet address for your chosen coin. This address is where your funds will land on the blockchain. Copying it exactly, or scanning the QR code, is the first and most important step.
You broadcast the transaction
You paste that address into your wallet, enter an amount, and confirm the send. Your wallet then broadcasts the transaction out to the network of nodes. At this point your funds have left your wallet and are traveling across the chain.
The network validates it
Miners or validators pick up your transaction and check that it is legitimate and properly funded. They confirm you actually own the coins and are not spending them twice. This validation is the security backbone that makes crypto trustworthy.
It enters a block
Once validated, your transaction is bundled into a block along with many others. That block is then added to the blockchain permanently. This is the moment your deposit earns its first confirmation on the network.
Confirmations stack up
Each new block added after yours counts as another confirmation, deepening the security. Faster chains like Solana reach this almost instantly, while Bitcoin takes longer. More confirmations mean the transaction is more firmly locked into the chain's history.
Cryptoflip detects the deposit
Cryptoflip watches the blockchain for transactions arriving at your unique address. As soon as it sees enough confirmations for that coin, it recognizes your deposit. This detection is automatic, so there is nothing extra you need to do.
Your balance is credited
Once confirmed, the amount is credited to your Cryptoflip balance and shows up instantly on your screen. From there you are free to play a coin flip or spin the wheel. The whole process is provably fair from deposit through payout.
A crypto deposit travels from your wallet, through network validation, into a block, and finally to your balance once it is confirmed. Cryptoflip credits you the moment that happens, with no KYC and provably fair games, so a coin flip or a wheel spin is always just a confirmation away.