How to deposit funds to your Sportbet account using Bitcoins (BTC)
Bitcoins (BTC) are a form of digital public money; in essence, electricity converted into long strings of code that have a monetary value. You can now deposit to Sportbet using this method.
The minimum deposit amount accepted in BTC is the equivalent of $25. The maximum deposit amount in the cashier is the equivalent of $10,000. You may choose to do multiple $10,000 transactions through our cashier, or contact the Customer Service Department for details on higher single transaction deposit amounts. The average of the current Bid and Ask prices from www.bitstamp.net and other bitcoin exchange services like www.bitfinex.com, www.okcoin.com will be used for all currency conversions with USD at the time the payout is processed. Management reserves the right to change the BTC conversion websites used at any time without prior notice.
In order to process a deposit via Bitcoin, please login to our cashier section and go to the Deposit page. Click on the Bitcoin logo and enter the desired deposit amount in either currency, USD or BTC, then click submit.
Use the Bitcoin Address that will be displayed to send the funds. Once you complete the deposit to the address displayed to you in the deposit page, the transaction will be automatically submitted for confirmation. There are no fees associated with this deposit method. Remember, you must request a new Bitcoin Address for every deposit made.
Your deposit will be credited shortly after, taking up to 40 min to be completed. If the amount you send is less than the amount you had entered to request the Bitcoin Address, your deposit will be delayed by at least 15 minutes more on top of the regular confirmation time.
If your deposit is sent within 15 minutes of generating the bitcoin address, the currency exchange rate at that time will be applied for the USD conversion when crediting your sports account. If the deposit is processed after the 15 minute period, the currency exchange rate available when depositing will be the one applied for the USD conversion.
Wagering is not available in the Bitcoin currency. All BTC transactions are converted to USD when credited to your sports account.
Please contact Customer Support via Live Chat to confirm availability of this deposit option.
How to withdraw funds from your Sportbet account via Bitcoins (BTC)
All Bitcoin payouts must be submitted through the cashier online and will be verified via email to the address on file by our Payout Team. If the payout is not verified via email by the account owner, within 24-48 hours, the payout will be cancelled.
Bitcoin Exclusive users will be required to activate the Device-based Authentication Service prior entering any payout requests. Customers that are NOT Bitcoin Exclusive users but have high balances, or long time customers using Bitcoin payouts for the first time, will be required as well to activate the Device-based Authentication Service prior requesting Bitcoin payouts.
First time Bitcoin payout users must have activated the Device-based Authentication Service. If this security layer is not active, the payout will be rejected. Players with balances above a critical amount will also be required to activate this service in order to ensure the player's funds security.
The minimum payout amount that may be requested through the online cashier is $50, the maximum amount is $10,000. Higher amounts may be available, for more information contact Customer Service.
If you EXCLUSIVELY deposited using Bitcoin, there is no limit on the amount you can request as a payout via Bitcoin. Bitcoin payouts are free of charge and subject to availability.
This payout method is always "Subject to availability". Always check with our Customer Service Staff to confirm availability to have your Bitcoin payout processed. You may need to choose an alternate method for your withdrawal if you are not a Bitcoin exclusive depositor. Alternate withdrawal options will incur in a fee if not processed within the free/discounted time frame.
Customers who have not exclusively deposited with Bitcoins, or have not deposited with Bitcoins at all, may be eligible for one Bitcoin payout every 7 days for up to $5,000, subject to availability. Payouts via Bitcoins have been made available to all customers with the objective of converting our clients into Bitcoin exclusive depositors. Customers who continue to request Bitcoin payouts and then deposit using methods other than Bitcoin, will be deemed Bitcoins abusers, and may be subject to the removal of this payout method permanently, or restricted to Bitcoin deposits only. Remember, Bitcoin payouts are free of charge but always subject to availability.
The average of the current Bid and Ask prices from www.bitstamp.net and other bitcoin exchange services like www.bitfinex.com, www.okcoin.com will be used for all currency conversions with USD at the time the payout is processed. Management reserves the right to change the BTC conversion websites used at any time without prior notice.
For more assistance on cash outs through Bitcoins, please contact our Customer Service Staff via Live Chat or call 1-800-430-5896 FREE.