Sportsbet.io virtual currency: A guide to hassle-free transactions

Sportsbet.io is a leading crypto betting platform that allows you to use popular coins like Bitcoin (BTC) and Tether (USDT) for hassle-free transactions. Discover the popular coins supported by the site and how to use crypto for deposits and withdrawals with this guide:  

What are the cryptocurrency payment options available on Sportsbet?

For the ultimate crypto betting experience, the site offers a wide range of Sportsbet.io cryptocurrency options to choose from. These include: 

• Bitcoin (BTC) → Released in 2009, BTC is the most popular and biggest coin by market cap in the crypto industry. It was created by a pseudonymous Satoshi Nakamoto and operates on a decentralised network using blockchain tech.
• Ethereum (ETH) → This allows developers to build decentralised applications (dApps) and use smart contracts to operate them. Launched in 2015, ETH introduced the concept of a programmable blockchain, allowing for more complex transactions beyond simple crypto transfers.
• Litecoin (LTC) → It is a peer-to-peer cryptocurrency created by Charlie Lee in 2011. It is often referred to as the ‘silver’ to BTC's ‘gold’ as it provides fast, secure, and low-cost transactions, making it a popular choice for everyday transactions.
• Tether (USDT) → This is a stablecoin launched in 2014 that maintains a 1:1 ratio as it is backed by reserves of fiat currency, including USD. USDT is regarded for its stable value, making it a go-to choice to combat crypto’s volatile nature. 
• Tron (TRX) → TRX aims to build a free, global digital content entertainment system. Launched in 2017 by Justin Sun, TRX handles a large number of transactions per second (TPS), making it suitable for uses that require high throughput.
• Ripple (XRP) → XRP is a digital payment protocol that facilitates fast and low-cost cross-border transfers. Founded in 2012, the coin enables secure and instant transfers of any currency, including fiat and crypto.
• Cardano (ADA) → Launched in 2017, ADA provides a more secure and scalable infrastructure for the blockchain ecosystem. It uses a proof-of-stake (PoS) consensus mechanism called Ouroboros, which is designed to be more energy-efficient compared to proof-of-work (PoW) systems.
• Dogecoin (DOGE) → DOGE is a popular meme coin released in 2013 that started as a joke but has gained popularity and a dedicated community. Unlike Sportsbet.io Bitcoin (BTC), which has a capped supply of 21 million, DOGE has no maximum supply limit, with billions in circulation.
• Binance Coin (BNB) → BNB is the native crypto of the Binance exchange, one of the largest exchanges in the world. It was first launched as an ERC-20 token on the ETH blockchain in 2017 but has since migrated to Binance's blockchain, providing fast and low-cost transactions. 
• USD Coin (USDC) →  Launched in 2018, USDC is a stablecoin pegged to the US dollar with a stable ratio of 1:1. This makes it a reliable medium of exchange and store of value.
• Polygon (MATIC) → This is a layer 2 scaling solution for ETH that enhances the speed and reduces transaction costs while maintaining the security of the ETH network. It facilitates communication between different blockchains, allowing developers to create interconnected dApps and services.
• The Open Network (TON) → TON is a blockchain platform developed by The Durovs to create a coin for Telegram, a popular messaging app. It provides a high-speed, scalable framework for various apps, including decentralised finance (DeFi), non-fungible tokens (NFTs), and other blockchain services.

Why choose crypto?

Crypto transactions offer plenty of benefits that make your betting experience at Sportsbet.io more worthwhile. These benefits include:

• Security → Blockchain tech provides a high level of security, making transactions and data less prone to fraud.
• Accessibility → Coins like BTC can be accessed and traded globally, making them available to anyone with an internet connection.
• Transparency → Transactions on the blockchain are publicly recorded, which enhances transparency and trust in financial dealings.
• Lower transaction costs → Compared to banking systems, crypto transactions often have lower fees, especially for cross-border transfers as they don’t rely on third-party verifications. 
• Innovation and technology → The underlying tech of crypto, like blockchain, offers innovative solutions in various fields, including finance and supply chain.
• Community support → Many coins have strong communities that advocate for their adoption and development, providing resources and support for new users.
• Reliable dApps → Beyond currency, many coins support dApps that offer various services, from gaming to finance, built on decentralised networks.
• Ownership and control → Crypto gives you full ownership and control over your assets, as opposed to relying on third-party institutions like banks. 

How to buy cryptocurrency for use on Sportsbet?

Sportsbet.io buy cryptocurrency process for sports betting is fast and easy. All you have to do is follow these steps:

1. Log in to your account and click the ‘Deposit’ tab.
2. Click the drop-down button beside your Active Balance, and choose your preferred virtual currency.

3. Click the ‘Buy Crypto’ tab.

4. Browse the available options and select your desired payment method from the list:

5. Enter your desired amount and proceed with the process.

How do I buy crypto using crypto exchanges? 

Crypto exchanges are like virtual marketplaces that allow you to buy, sell, and trade virtual assets. For a more seamless betting experience, Sportsbet.io supports various crypto exchanges. These are: 

CEX.IO

CEX.IO is a popular crypto exchange founded in 2013. It became a go-to option for crypto users because of its user-friendly interface and innovative features for high-speed and smooth crypto trading.

Follow these steps to buy Sportsbet.io recommended currencies using CEX.IO: 

1. Create an account → On the CEX.IO official site, click the ‘Start’ button, enter your info, and click ‘Continue’. CEX.IO will then send you a confirmation email. Verify your email address and info within 24 hours to finish the signup process.
2. Buy crypto → CEX.IO allows you to buy crypto instantly using Visa or Mastercard debit or credit cards. Input the amount you wish to buy, select the currency, and press the ‘Buy Now’ button. 
3. Complete your purchase → Add a card to finish the process. Enter the required card details and submit a picture with your ID and a selfie to verify your identity. 

Kraken

Kraken is a renowned crypto exchange founded in 2011. It’s popular for its robust security features that focus on safeguarding your funds and info. The exchange also supports various Sportsbet.io currency recommendations including Sportsbet.io Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP). 

Here’s how you can buy crypto using Kraken:

1. Sign up → Create an account on Kraken’s official website. Click ‘Create Account’ in the upper right corner of the page and enter your username, email address, and password. 
2. Choose an account → If you’re a first-time user, you first have to buy crypto using fiat currencies. You are also required to create an ‘Intermediate’ account where you need to submit your residence and ID for verification. It often takes one to two days before you can withdraw from your Kraken account while your documents are being verified. 
3. Activate your account → Kraken will send an access code to your registered email address once your documents are verified. Open the email and click the link or enter the verification code to activate your account. 
4. Buy crypto → Once your account is activated, simply click the ‘Trading’ tab at the top of the Kraken website to buy crypto. Use the dropdown menu in the upper left corner of the screen and select your desired coin. Select the ‘Buy’ tab and place the amount you want to buy. Choose a market capitalisation for easy trade and submit your order. 

How do I deposit cryptocurrency at Sportsbet.jp?

To cater to your needs and preferences, the site offers plenty of Sportsbet.io cryptocurrency deposit options to choose from. These include: 

MetaMask

MetaMask is a leading ETH blockchain-based wallet with a stand-alone app for iOS and Android devices. The wallet also has a desktop browser extension that supports tokens and coins that comply with the ERC-20 standard. 

The only drawback of using MetaMask is it does not facilitate BTC directly as it is not an ERC-20 token. However, it does support other popular coins including Tether (USDT), Chainlink (LINK), and other ERC-20 tokens. 

Two of the major selling points of this wallet are anonymous and secure transactions. MetaMask is also a non-custodial wallet which means that your data is not stored on a centralised database. It also does not collect info whenever you use its features and services.

Here’s how to use the MetaMask browser extension for convenient deposit transactions at Sportsbet.io: 

1. Install the MetaMask browser extension.
2. Click the fox icon in the upper right corner of the screen beside the extension icon to access MetaMask. If you can’t find the fox icon, simply click on the extension to find MetaMask. This will instantly take you to the browser extension. 
3. Enter your password to log in to your MetaMask account.
4. Once logged in, go to the Sportsbet.io site and click the ‘Deposit’ button found in the upper right corner of the screen. 
5. Under the ‘Connect Wallet’ section, select ‘MetaMask’.
6. Click ‘Next’ and press the ‘Connect’ button to link your MetaMask wallet to your Sportsbet.io account.
7. Then, you’ll be directed to the deposit tab where you can choose your preferred crypto. 
8. Enter the amount you wish to deposit and confirm the transfer on the extension. The amount will instantly be credited to your Sportsbet.io account. 

Bank transfer

Bank transfers allow you to transfer money from your bank account to your Sportsbet.io account seamlessly. Keep in mind that this deposit method may incur fees from the provider. To deposit using bank transfers, follow these quick steps:

1. Click on your username found at the top right corner of the page.
2. Select your preferred currency under the ‘Wallet’ section

3. Click ‘Deposit’.

4. Select your bank from the list.

5. Enter the amount and your account info. Click the ‘Next’ button.

6. Log into your bank account and proceed with the payment process.

Note: You will be notified once the deposit has been processed and the amount is credited to your Sportsbet.io account. 

Wallet address or QR code

Easily deposit crypto to your Sportsbet.io account through your wallet address or QR code by following these quick steps: 

1. Click your username in the top right corner of the screen. On your Wallet, select the coin you want to deposit.

2. Press the ‘Deposit’ tab.

3. Copy your unique wallet address and paste it into the destination field provided. For a quicker process, you can also scan the QR code using your mobile phone’s e-wallet app.

Note: After three blockchain confirmations, your funds will be instantly credited to your Sportsbet.io account. However, there might be delays from third-party services such as e-wallets and crypto exchanges depending on the flux of transactions. You will receive a notification once it’s completed. 

Is there a travel rule for Japanese cryptocurrency transactions?

Yes, all crypto exchanges in Japan will be subject to the Travel Rule as of April 1, 2022. Customers using a Japanese crypto exchange to deposit coins must provide additional details about the destination of their transactions.

The travel rule mandates that the source exchange provides the destination exchange with details regarding domestic crypto exchanges. The Financial Action Task Force (FATF) implemented the travel rule to prevent terrorist financing and money laundering, 

Are there any fees for cryptocurrency payments?

Sportsbet.io does not charge any fees for crypto transactions. However, some payment services may incur fees including certain e-wallets and exchanges. 

How long do cryptocurrency transactions take at Sportsbet.io?

Most crypto deposits are processed instantly, but time still varies depending on your chosen payment method. This is also the case for Sportsbet.io cryptocurrency withdrawal transactions. However, big withdrawals are manually processed which may cause a slight delay.

Once Sportsbet.io completes the process for withdrawal requests, the transaction is then transmitted to the corresponding blockchain. The confirmation process often takes a few minutes, depending on how big the crypto transaction is.  

Can I withdraw cryptocurrency? 

Yes, Sportsbet.io allows you to withdraw crypto but you must first verify your account as part of the site’s Know Your Customer (KYC) process to keep your info and money secure. Here’s how to withdraw crypto from your Sportsbet.io account hassle-free:

1. Click your Active Balance and select the ‘Withdraw tab’.
2. Enter the amount you wish to withdraw and paste your e-wallet address.
3. Select ‘Withdraw funds’.
4. You will receive a notification and withdrawal confirmation once Sportsbet.io receives your withdrawal request.

What is the minimum and maximum deposit amount?

The maximum deposit limit varies depending on the payment method used. On the other hand,  the minimum deposit amount for each coin is as follows: 

• BTC → 0.000007 
• ETH → 0.00013
• LTC → 0.002
• USDT → 0.25
• TRX → 3
• XRP → 0.31
• ADA → 0.694
• DOGE → 3.535
• BNB → 0.0009
• TON → 0.18
• MATIC → 0.32556
• USDC → 0.25

How do I reach customer support for cryptocurrency deposit and withdrawal issues?

If you have queries or issues regarding your crypto transactions, you can reach out via  Sportsbet.io’s 24/7 live chat. You can also send an email to [email protected]. 

Experience hassle-free sports betting with Sportsbet.io crypto transactions

Sportsbet.io takes the hassle out of sports betting by offering smooth and fast crypto transactions. No more waiting around or dealing with complex payment processes. With Sportsbet.io virtual currency options, you can bet with peace of mind that your funds are safe and protected. 

Frequently Asked Questions (FAQs)

Learn more about Sportsbet.io crypto transactions with these FAQs: