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Sportsbet.io Payment Methods - Deposit and Withdrawals options with crypto

jake-mcevoy
24 Jun 2024
jake-mcevoy
Jake McEvoy 24 Jun 2024
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  • Sportsbet.io accepts Bitcoin, Ethereum, Litecoin, and other cryptos.
  • Benefits of crypto gambling: accessibility, privacy, and fast withdrawals.
  • Accepted Payment Methods
  • How To Make A Deposit
  • What Are The Benefits Of Gambling With Cryptocurrencies?
  • Sportsbet.io Payments FAQs

Sportsbet.io stands out as one of the most notable options for betting online with cryptocurrencies, allowing you to wager on sports and play casino games using crypto.

Sportsbet is strictly a crypto-gambling platform with a range of cryptos the only payment methods that are accepted by the platform.

Learn about the cryptocurrencies that can be used to make deposits and withdrawals, how to make a deposit using them, and the benefits of using crypto to bet with.

Accepted Payment Methods

If you’re not sure which cryptocurrency to use or if you want to make sure your preferred Coins are accepted, you can check the list of options below:

Bitcoin

Bitcoin is a decentralised digital currency with no official authority like we would see with banks and governments. However, transactions are still considered extremely safe thanks to blockchain technology.

Bitcoin transfers are peer-to-peer, a concept that was first introduced in 2009 by Satoshi Nakamoto. It’s known for its volatility and potential as a form of investment, which means that even when you lose your bets, a positive value change could offset your losses.

Ethereum

Ethereum is a decentralised platform that enables developers to build and deploy smart contracts and decentralised applications (dApps).

Launched in 2015 by Vitalik Buterin, it uses its own cryptocurrency, Ether (ETH). Ethereum's blockchain technology supports complex programmable transactions, allowing for innovation in finance, gaming, and gambling.

Litecoin

Litecoin, created by Charlie Lee in 2011, is another peer-to-peer cryptocurrency designed for faster transactions and lower fees when compared to Bitcoin.

Using the “Scrypt hashing algorithm”, it processes blocks every few minutes, providing a more efficient alternative for daily transactions on products and services like online gambling.

Dogecoin

Dogecoin was launched in 2013 by Billy Markus and Jackson Palmer. It is a “meme coin” featuring the Shiba Inu "Doge" meme. Owing to the meme’s popularity, it did actually manage to generate some value, regardless of the fact that it wasn’t a particularly serious venture from the founders.

Thanks to its low transaction costs and unlimited supply, Dogecoin is used for gambling at various crypto casinos all around the world.

Tether

Tether (USDT) is a “stablecoin” that was launched in 2014, designed to “tether” (maintain a 1:1 value) with the US dollar. By tethering to fiat currency, Tether offers stability in the volatile cryptocurrency market, making it a “safer” cryptocurrency to gamble with.

Tron

Tron is a decentralised blockchain platform founded by Justin Sun in 2017. Its main point was to enable cost-effective sharing of content.

Tron supports smart contracts and also supports dApps as Ethereum does, and it uses its native cryptocurrency, TRX, to incentivise its use, which many gamblers use to bet on sports and play casino games at sites like Sportsbet.io.

USD Coin

USD Coin (USDC) is another stablecoin launched in 2018 by Circle and Coinbase. Also “tethered” 1:1 to the US dollar, it provides stability in the market with transparent and fully backed reserves.

USDC allows for simple trading, transfers, and payments, combining the benefits of digital currency with traditional financial security in the same way that Tether does.

How To Make A Deposit

1. Create An Account

If you’re not already registered, you will need to create an account.

2. Sign In

You need to be signed into your account if you want to make a deposit.

3. Click “Deposit”

Click the green “+ Deposit” button in the top right-hand corner of the page.

4. Choose Network

Select whether you’re using the Bitcoin Network or the Lightning Network.

5. Enter Deposit Amount

In your own crypto wallet, enter the amount that you want to deposit.

6. Scan or Enter Address

Either scan the QR code or enter the Sportsbet.io crypto wallet address.

7. Complete the deposit

Review the deposit amount and wallet address before confirming the deposit.

What Are The Benefits Of Gambling With Cryptocurrencies?

Cryptocurrencies, unlike conventional fiat currencies such as US dollars and Euros, are not subject to regulation by banks or governments, hence affording them distinct benefits.

Accessibility

Regardless of your location, Bitcoin's value will always be the same. This is a great way to pay since players may use it at any casino (as long as they follow the site's rules).

Also, unlike gamers in certain countries, you won't have to worry about paying exorbitant amounts in foreign currency costs when you use a worldwide payment option.

Privacy

It is possible to visit a crypto casino, make a deposit, and play without anybody ever knowing your identity.

Even if Sportsbet.io and other crypto casinos do demand authentication, it's only an email address. When compared to highly regulated casinos that demand identification and proof of address from all players, the rise of Bitcoin casinos becomes clear.

Withdrawal Times

Withdrawals at crypto casinos are normally completed within minutes, so your withdrawals are usually available within an hour.

Plus, the blockchain keeps track of every single transaction, so there's no way to dispute the authenticity of a payment since it's entirely visible.

Sportsbet.io Payments FAQs

What Payment Methods Are Accepted By Sportsbet.io?

Sportsbet.io is a crypto gambling site, which means it only accepts cryptocurrencies like Bitcoin, Ethereum, and Litecoin for deposits and withdrawals.

Which Cryptocurrencies Are Accepted By Sportsbet.io?

Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, Tron, and USD Coin are some of the most popular cryptocurrencies accepted by Sportsbet.io.

What Is The Minimum Deposit At Sportsbet.io?

Minimum deposits at Sportsbet.io are extremely low, especially when compared to Fiat currencies, but will depend on the Coin you choose to use. 0.25 Tether is the easiest option to translate.