Cloudbet Payment and Withdrawal Methods April 2024

Cloudbet Deposit Options and Limits

Each of the cryptocurrencies has its value due to the fluctuating market forces. You can get the actual value of an individual cryptocurrency on the digital currency market. However, Cloudbet has grouped them into clusters for easy transaction valuation.

Bitcoin, Bitcoin Cash, Ethereum, Litecoin, DASH and PAXG take up a 1:1 ratio, while USDT, USDC, DAI and PAX also take a 1:1 ratio. However, the Bitcoin cluster and USDC cluster has a 1:200 ratio. LINK tallies as 20:1 against Bitcoin, while DOGE comes in as 2000:1 against Bitcoin. However, the rates might change as the digital currencies grow based on the prevailing market forces.

Although the actual minimum one can deposit is not clear on the site, Cloudbet advises its customers not to go beyond 0.1 for the Bitcoin cluster and 10 for the USDT cluster. This minimum applies to the welcome and other deposit bonuses.

The more one deposits, the more they stand to gain if the digital coin value improves in the process. For a credible valuation of cryptocurrencies, bettors must look for credible conversion sites.

Which Credit and Debit Cards are Accepted?

Cloudbet does not directly use credit or debit cards. Cryptocurrencies have different financial platforms which do not correspond to the debit or credit card system. Credit and debit cards do not take cryptocurrency as a form of exchange but as an advanced credit.
However, professional sites can convert funds stored in a credit/debit card to a digital card of your choice. To get the value for money, consider using credible and verified conversion sites. Each digital currency has its own transaction cost, which is mostly higher than conventional currencies. 

Is PayPal Accepted?

PayPal also does not have a direct link with crypto-wallets. They are only connected using conversion platforms. The operating system between the 2 is different, which makes interlinking impossible.

Look out for a good conversion platform that can offer a competitive value for every USD, GBP or EUR spent. 

Cloudbet Withdrawal Options and Transaction time

Each digital currency has its wallet which either links to the customer's account or a conversion site that changes it to conventional money. Luckily, such transactions between the two crypto wallets do not undergo any regulation, making them instant.

Conversion timelines might vary depending on the form of payment you want to change your digital currency to. Formal financial institutions like banks and debit and credit cards might take longer to convert. E-wallets might take a shorter time since they have an informal money conversion system. Therefore, choose the payment option that suits you.

However, since all cryptocurrencies act as a measure of value, select the one that shows substantial growth. With time, cryptocurrencies will be an alternative mode of currency, and the high the value of your digital currency, the more the marginal benefit. 

Cloudbet Payment Methods FAQ