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Which Cryptocurrency to Gamble with?

The Best Cryptocurrency for Sports Betting and Gambling Using cryptocurrencies for gambling is becoming more common as the growth of Bitcoin, Litecoin, and others like Ethereum skyrockets. While Bitcoin is easy to transfer to and from your account, sportsbooks and casinos capitalized on offering cryptocurrencies for online gambling. But which one is the best for…
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Bitcoin the Future of Crypto

Is Cryptocurrency the Future of Money? While cryptocurrencies like Bitcoin haven’t been in circulation that long – Bitcoin is a little over a decade old as it is, and many other cryptocurrencies are popping up by the day, which will undoubtedly have growing pains. While we are all looking for a way to rid ourselves…
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Bitcoin Pros and Cons

Sports Betting with Bitcoin: Pros and Cons As Bitcoin booms and more and more online sportsbooks like BetUS are offering Bitcoin and other cryptocurrencies as deposit and withdrawal options, many questions are raised about what makes Bitcoin such a great option for sports betting. Bitcoin isn’t for everyone, but we don’t want to deter you…
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Related Topics: Payouts & Deposits / Cryptocurrency Betting 101

Questions & Answers

Most Commonly Asked Questions

How do I deposit Bitcoin into my BetUS account?

If you are looking to deposit Bitcoin into your BetUS account, you will need to first create a wallet at any crypto wallet provider. You’ll be able to deposit your cash and the wallet will allow you to buy Bitcoins from a Cryptocurrency Exchange. Once you have Bitcoin in your wallet, you can choose Cryptocurrency as your deposit method, and you will receive an address to send your Bitcoin to. Go to your wallet, and send the amount you would like to transfer into your BetUS account to that provided address.

How do I buy Bitcoin?

If you want to buy Bitcoin, you will first need to set up your Cryptocurrency wallet. Once you choose a wallet and set up your account, you will receive your private keys for your wallet that keeps your Bitcoin safe and secure. Once you set up your account, you can transfer money into your account to buy Bitcoin with. You can use a credit or debit card or even a bank transfer. Once you have money in your wallet, you can head to any Cryptocurrency Exchange and purchase your Bitcoin much like you would exchange currencies at any bank.

How can I buy Bitcoin using a debit card, my bank account or ACH?

Buying Bitcoin is the virtual version of going to a regular bank and exchanging your USD for another currency. You can deposit money into your cryptocurrency wallet using a debit card, credit card or bank transfer, and then use your wallet key to buy currencies at a Cryptocurrency Exchange.

What other methods can be used to buy Bitcoin?

It depends on the wallet you decide to sign up for – it’s important to research your cryptocurrency wallet before you sign up to make sure that it fits your specific needs. Each wallet is different and will offer various options for deposit methods. Debit, Credit cards and transfers are the most popular.

How to buy Bitcoins with cash?

While it’s not as simple as buying Bitcoin with a credit card or debit card, buying Bitcoin with cash isn’t impossible. You will need to find a Bitcoin ATM, a local business or someone nearby who will sell you Bitcoin. Once you find the person you can give them cash and your wallet address, and they can transfer you Bitcoin.

What types of Bitcoin wallets are there?

There are four main types of Bitcoin wallet. First is a desktop wallet, which is installed on your computer and allows you to use the computer as the sole device for managing your Bitcoins. Second is a mobile wallet, which allows you to take your Bitcoin on the go, making payments using NFC technology. You can usually use an android device to house your mobile wallet. Third is a web wallet, which allows you to access your Bitcoin from anywhere – your phone, laptop, any device with a browser. Fourth is a hardware wallet, which is the most secure, as they are essentially a flash drive that houses your Bitcoin and cannot be affected by viruses.

What is the minimum/maximum Bitcoin deposit amount at BetUS?

You can deposit any amount between $10 and $50,000 in Bitcoin at BetUS. There are never any transaction fees, and there are usually cryptocurrency and Bitcoin bonuses to go along with your deposit which can pad your bank roll in the long run.

How long will my deposit take to be credited?

A Bitcoin deposit usually is funded in your BetUS account instantaneously as you are approving the funds to be transferred from your Bitcoin account in real time.

What is the minimum/maximum Bitcoin withdrawal amount at BetUS?

The daily minimum withdrawal amount you can request with cryptocurrencies on BetUS is $50 and the maximum is $5,000. However, if you want to request more than $5,000, there are no transaction fees so you can request another withdrawal the following day if you need.

How long will my withdrawal take to be processed?

A Bitcoin withdrawal usually will take about 24 to 48 hours to be processed. However, we are processing cryptocurrency withdrawals around the clock, so as soon as your withdrawal is marked as ‘PAID’ you will see the funds in your Bitcoin wallet within an hour.

Does BetUS charge any fees for Bitcoin withdrawals?

BetUS does not charge any transaction fees with cryptocurrencies of any type. You can request withdrawals as long as they’re within the daily limits, or daily, if that suits your needs.

Exchange Guides

When you’re looking to create a wallet, you will need to familiarize yourself with the Bitcoin exchange process. You will want to pick the top exchanges in the market to ensure your Bitcoin are safe and secure. Binance.US, Coinbase, Gemini, Kraken and Crypto.com are all great choices and are highly rated for American residents.

Bitcoin Basics

If you’re new to Bitcoin, you might wonder what a Bitcoin actually is. A Bitcoin is a virtual currency, formatted as a file that you can store in your virtual wallet, which is highly secure and highly private. You can send Bitcoins to other people, as long as they have a Bitcoin wallet address, and they can send to you. You can buy Bitcoin on exchanges by depositing cash and receiving Bitcoin – very much like exchanging your USD for GBP if you were travelling.

Benefits of Bitcoin

The main selling feature for Bitcoin is the privacy and security of the virtual currency. There are no fees to send or receive Bitcoin – especially no banking fees. Your funds are stored safely and securely and it’s almost impossible for someone to steal your Bitcoin from your safe blockchain wallet. There are few restrictions with Bitcoin, so you really have the autonomy to do what you want with the Bitcoin you have.

General FAQs

Does Bitcoin take long to transfer?

No, Bitcoin is transferred almost instantly into your BetUS Sportsbook account.

Can I use Bitcoin for day-to-day purchases?

Yes, you can use your Bitcoin to pay for coffee, groceries and more as long as your virtual wallet has the capabilities.

Is Bitcoin anonymous?

For the most part, yes – Bitcoin is anonymous and untraceable if you are safe with your information – you don’t need to provide many details when making transactions.

Deposit FAQs

Are there fees to use cryptocurrency at BetUS?

No, there are never any fees associated with Bitcoin or other cryptocurrency at BetUS Sportsbook.

Is there a bonus for making a crypto deposit?

Yes, you can take advantage of our 150% match bonus up to $7500 on both sports and casino.

Which Cryptocurrencies does BetUS Sportsbook accept?

BetUS will accept several cryptocurrencies including Bitcoin, Bitcoin Cash, Litecoin and Ethereum.

Withdrawal FAQs

When can I request a cryptocurrency payout?

We process cryptocurrency payouts 24/7, so you can place your order at any time and we will process it within 24 to 48 hours.

What are the withdrawal limits for cryptocurrency?

The limits you will find with requesting a withdrawal using cryptocurrency are between $50 and $5,000 each day. There are never any fees, so you could request more the following day if needed.

Can I withdraw my funds in cash?

Yes, you can request any withdrawal method, but many other methods have fees attached – crypto withdrawals have no fees and are more safe.

Depositing

Once you have Bitcoins in your virtual wallet, you can make you deposit at BetUS. The process to make a crypto deposit at BetUS is simple – you will choose your cryptocurrency type, the amount you plan to send, and choose to receive the BetUS crypto address by text or email. This address is where you will direct your Bitcoin or other cryptocurrency. When you head to your wallet, you will enter this address and send the amount you previously indicated on the sportsbook. Once you send your funds, your deposit should be almost instantaneous.

Withdrawing

When the time comes to withdraw your winnings into your Bitcoin wallet we offer smooth payout processes where you will have your Bitcoin in your account within 24 to 48 hours. To request a withdrawal, you can use our convenient request form, or call our toll-free line 1-888-51-BETUS or call your account manager.

Safety and Security

Bitcoin is entirely safe and secure. You never have to worry like you would with entering your credit card information online, or having that number stolen. You can only transfer the predetermined amount from your Bitcoin wallet to your BetUS account. No one can request money from your wallet, and you can only send that amount. During a time when cybersecurity is of the utmost importance – Bitcoin is a great way to fund your sports betting or casino account.

Disclaimer

Trading currencies carries some risk, and before creating your virtual wallet to use for sports betting or casino play, you should weigh your risks and ensure that is the best deposit and withdrawal option for you. BetUS will not accept liability for any loss of profit, which may arise directly from use or reliance on such information.

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