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 or contact the Epay department (click here) for details on higher single transaction deposit amounts. The average of the current Bid and Ask prices from www.bitstamp.net will be used for all currency conversions with USD. If Bitstamp is not available, then in order the following sites will be used as a replacement: www.bitfinex.com, www.okcoin.com. Management reserves the right to change the BTC conversion website 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.Â
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 redeem funds from your Sportbet account using Bitcoin (BTC)
All Bitcoin payouts must be submitted through the cashier online and will be verified via email to address on file by our Epay department. If the payout is not verified via email within 24-48 hours, the payout will be cancelled.
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 the Epay Department.
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 BTC payout processed. You may need to choose an alternate method for your withdrawal. 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, are allowed one Bitcoin payout every 7 days for up to $5,000. Bitcoin payouts are free of charge and subject to availability.
The average of the current Bid and Ask prices from www.bitstamp.net will be used for all currency conversions with USD at the time the payout is processed. If Bitstamp is not available, then in order the following sites will be used as a replacement: www.bitfinex.com, www.okcoin.com. Management reserves the right to change the BTC conversion website used at any time without prior notice.
For more assistance please contact our Customer Service Staff via Live Chat or call 1-800-430-5896 FREE.
