Do you often notice changes in the fiat value of your crypto balances on Gamba? Is your balance not updating correctly? This article will help you understand the reasons behind these fluctuations.
Viewing in Fiat Currencies
When you switch your balance view to USD or any other fiat currency on Gamba, you're seeing an approximation of your crypto balance at that precise moment. Because cryptocurrency prices change every second, the fiat representation of your balance will also change accordingly.
The Constant in Crypto
Despite these fluctuations in fiat value, the actual amount of your crypto assets remains unchanged. This is the most accurate measure of your funds. At Gamba, as a crypto-based platform, all of your transactions and bets are settled in crypto amounts. The visual representation in fiat might vary slightly due to price changes, but your crypto amount will always be accurate.
Examples of Fluctuations
Here are a couple of examples to help you understand this concept:
If you deposited BTC worth $120 and the value of BTC increases such that your deposit is now worth $140, the actual amount in crypto hasn't changed - only its value in USD has.
Suppose you wagered 1 BTC last year when the price was $10,000. Now, the price of BTC has increased to $50,000. Although your stats will show that you wagered $50,000 due to the price increase, the amount in crypto you wagered (1 BTC) remains the same.
Your balance, when viewed in USD or any other fiat currency, will fluctuate in response to price changes even when you aren't actively gaming. However, the crypto balance remains constant.
Third-party Games and Value Discrepancies
There might be times when you see a discrepancy in your balance amount when playing third-party games. For instance, you may have $100 worth of crypto in your balance, but only $95 in a third-party game. This discrepancy is due to the different exchange markets used by us and the game provider. Rest assured, your crypto amount remains the same and is correct.
In conclusion, while viewing your balance in fiat currencies can help provide an understanding of its worth, it's crucial to remember that the true measure of your funds lies in the crypto amount. Enjoy your gaming experience on Gamba!
If you need further assistance or have any questions, feel free to reach out to us at [email protected] or connect with us via our 24/7 live chat support. We're here to help enhance your Gamba experience.