1xBit Payment and Withdrawal Methods October 2022Bitcoin gambling is taking the betting industry by storm and is here to stay. So it is no wonder why 1xbit payment methods are solely in cryptocurrencies. This is also a big bonus for 1xbit customers as it allows for Instant no-fee deposits and withdrawals. Another plus is that you can use the same withdrawal methods to make your payments. However, it is advisable to choose the main methods you often use and link these crypto wallets to your account.
Now let us explore the many (20+) 1xbit deposit and withdrawal methods open to you. So you can bet on your favourite sports and esports using bitcoin and other cryptocurrencies.
1xBit Deposit Options and Limits
To start on your crypto sports betting journey with 1xbit of course you will first need to register an account and deposit funds. It is advisable to choose the main methods you often use and link the crypto wallets to your account.
The Deposit options available at 1xbit include well-known cryptocurrencies such as:
Also, you will find lesser-known varieties of cryptocurrency that include
All in all, you will struggle to find a gambling site with more cryptocurrency deposit options than 1xbit.
It is also worth noting that none of the cryptocurrencies at 1xbit are excluded as payment methods when it comes to claiming a bonus or betting promotion.
As stated, crypto wallets are the only way for depositing funds, but you can fund these by more transitional methods. Such as cards, bank transfers and e-wallets. If you have a problem making the conversions to your account, customer support will always help you. You can reach out to them, and they will give you all the guidelines on the entire process. It is an easy process, and once you understand it, conversion and using cryptocurrencies will be much easier.
1xbit does not recommend that you deposit funds using another person's electronic wallet. And they may return funds to the account holder's wallets without notice.
Which Credit and Debit Cards are Accepted?
Since 1xbit only uses cryptocurrency, you cannot necessarily use debit and credit cards from financial institutions. However, you can make transactions from your credit and debit cards and send them to your crypto wallets for use in your 1xbit account. Only cryptocurrency is available in your 1xbit betting account.
Is PayPal Accepted?
Since 1xbit is not a normal FIAT Currency platform, payment options that only allow cryptocurrency transactions can work. PayPal is not part of the cryptocurrency line, so it is not accepted in 1xbit. Players have to register for crypto wallets and use them for transactions. You can transfer your cash from PayPal and convert it into cryptocurrency to be usable on the 1xbit gambling platform.
1xBit Withdrawal Options and Transaction Times
The same cryptocurrencies available for deposits are usable for withdrawals at the betting site. Some of these not already mentioned include:
- True USD
- Paxos Standard Token
1xbit process withdrawal requests within 24hours. The transaction times occur immediately and rarely have any delays due to the use of Blockchain technology.
There are measures in place which allows 1xbit security service to decline withdrawals, these include:
- If deposits were via e-payment systems
- The deposit or withdrawal amounts are inconsistent with bets placed. Permitted withdrawal amounts shall be calculated based on the amount of the bets placed from any given deposit.
- Misuse of the betting account. In this case, your account must be verified before a withdrawal can take place.