Fund Your Wallet

How to fund your wallet.

Required Currencies

Before you can place a bet, you must fund your wallet.

Betting on Zeebit requires you to have the following in your wallet:

  • USDC (U.S. Dollar Coin), USDT (Tether), SOL (Solana) - Betting Currencies

  • SOL (Solana) - Gas Currency

More betting currencies will be introduced soon!

Gas is required to fund transactions on the Solana blockchain. Learn more about why you need gas here.

Where can I get USDC/USDT and SOL?

There are a few ways to get your first SPL tokens depending on if:

  • Buy it on a centralized exchange like Binance or Coinbase and send it to your Solana Web3 Wallet.

  • Buy it from your wallet directly through on-ramp services like Moonpay (although this is generally quite expensive).

  • Convert your ERC-20 (Ethereum) tokens to SPL (Solana) tokens using Wormhole or Metamask Snaps — cross chain bridges that move tokens from one chain to another.

What are SOL and USDC? Why do I need them?

What is SOL?

Solana is a blockchain platform designed to enable decentralized, scalable applications. Solana is very fast in terms of the number of transactions it can process and has significantly lower transaction fees compared to blockchains like Ethereum. Solana is also the only blockchain capable of rivalling the speed and throughput of Web2 exchanges (400ms block times, up to 65,000 transactions per second).

Solana’s native crypto currency is Solana (SOL). SOL is used to reward the ‘nodes’ that operate the network for processing transactions and storing data.

A minuscule amount of SOL (~$0.0025) is required to cover the cost of each transaction and some SOL is required to ‘rent’ the space required to store any information on-chain - you can think of this as a redeemable deposit.

What is USDC?

USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin.

As USDC is pegged to the U.S. dollar, you can always redeem 1.00 USDC for $1.00 USD, giving it a stable price. USDC is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people.

Each USDC is backed by one dollar or asset with equivalent value, which is held in the accounts of regulated financial institutions. When you trade with USDC, you can think of it as trading using USD - it’s just an on-chain representation of the U.S. Dollar.

You can learn more about USDC here.

SOL and USDC - Why do I need them?

To bet on Zeebit you’ll need a balance of both USDC and SOL in your Solana wallet.

Betting is denominated in USDC (a stablecoin pegged to the U.S. dollar) - so you're trading/paying/winning in something which has real, stable, fiat value.

SOL (the Solana blockchain’s native cryptocurrency) is required to cover the minuscule costs of authorizing transactions on the blockchain (~$0.0025) and cover the refundable ‘account rent’ for storing your data on-chain.

How to Fund Wallet?

  • If you don't have any funds on-chain, we recommend you read through Fund Wallet from CEX section to learn how to get your funds into a Solana Web3 Wallet.

  • If you have funds on-chain read through the funding guide section to understand how funding works on Zeebit.

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