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Sportsbet.io Payment and Withdrawal Methods April 2024

by Oddspedia Experts
Last update: 17 Apr 24
Sportsbet.io is an exclusive digital currency sportsbook. The bookie accepts Bitcoin, Litecoin, Tron and other 8 digital currencies. Each digital currency has unique payment methods and different wallets based on their procedures. Sportsbet.io also houses several payment platforms, among them MoonPay and Utorog. To use any payment option, visit the Payment Methods on Sportsbet.io Help Centre. Most gamblers use Bitcoin since it is the most popular cryptocurrency. Payment via MoonPay is the most common, thanks to its simplified process. However, the conversion rate is the most crucial factor when making crypto payments. Look for a crypto-wallet with a competitive exchange rate to benefit from its conversion rates.
Table of contents:
  1. Sportsbet.io Deposit Options and Limits
  2. Sportsbet.io Withdrawal Options and Transaction Times
  3. Sportsbet.io Payment Methods FAQ

Sportsbet.io Deposit Options and Limits

Sportsbet.io has 2 main deposit options; using the crypto-wallet or QR codes. Depositing using the crypto-wallet code requires you to copy it from your wallet and paste it into your Sportsbet.io account. You can also deposit by scanning Sportsbet.io’s QR code using your crypto-wallets app. The transaction must undergo at least 3 blockchain confirmations to authorise the deposit into your Sportsbet.io account. It might take several hours due to third-party transaction processes and currency exchanges.

The minimum deposit into the Sportsbet.io account is 0.0005 BTC (mBTC 0.5). USDT and EUR take at least 10 digital currencies, while TRX and SOC require 100 units. Others are:

  • ETH (0.005)
  • LTC (0.1)
  • CYN (70)
  • ADA 15 XRP
  • BRL (50)

Minimum deposits made through MoonPay are €20, while those done through MuchBetter are INR 100.

Sportsbet divides its maximum withdrawals based on different sports or clusters. Soccer has the highest payment rate, with €2,000,000 worth in the digital currency of your choice. American football comes in 2nd with €500,000, while any other sport has a maximum Sportsbet.io pay-out of €100,000.

Visa

 
Deposit
Withdraw
Max. limit
0.00
0.00
Processing time
-
-
Min. limit
10.00€
0.00
Transaction fee
No fee
No fee
Visit Site

MasterCard

 
Deposit
Withdraw
Max. limit
0.00
0.00
Processing time
Instant
-
Min. limit
10.00€
0.00
Transaction fee
No fee
No fee
Visit Site

Bitcoin

 
Deposit
Withdraw
Max. limit
0.00
0.00
Processing time
Instant
1 Hour
Min. limit
10.00€
10.00€
Transaction fee
No fee
0.00€
Visit Site

Ethereum

 
Deposit
Withdraw
Max. limit
0.00
0.00
Processing time
Instant
1 Hour
Min. limit
10.00€
10.00€
Transaction fee
No fee
0.00€
Visit Site

Ripple

 
Deposit
Withdraw
Max. limit
0.00
0.00
Processing time
Instant
1 Hour
Min. limit
10.00€
10.00€
Transaction fee
No fee
0.00€
Visit Site

Litecoin

 
Deposit
Withdraw
Max. limit
0.00
0.00
Processing time
Instant
1 Hour
Min. limit
10.00€
10.00€
Transaction fee
No fee
0.00€
Visit Site

Tron

 
Deposit
Withdraw
Max. limit
0.00
0.00
Processing time
Instant
1 Hour
Min. limit
10.00€
10.00€
Transaction fee
No fee
0.00€
Visit Site

Cardano

 
Deposit
Withdraw
Max. limit
0.00
0.00
Processing time
Instant
1 Hour
Min. limit
10.00€
10.00€
Transaction fee
No fee
0.00€
Visit Site

Tether

 
Deposit
Withdraw
Max. limit
0.00
0.00
Processing time
Instant
1 Hour
Min. limit
10.00€
10.00€
Transaction fee
No fee
0.00€
Visit Site

Which Credit and Debit Cards are Accepted?

Sportsbet.io does not directly accept debit or credit cards as a payment option since it only accepts digital currencies. You can buy crypto from debit/credit cards, although the cards take cryptocurrency conversions as a cash advance.

However, Sportsbetio.UK accepts payments from MasterCard and VISA as its primary payment option. It operates with the credit/debit card’s transaction limits. 

Is PayPal Accepted?

Sportsbet.io does not directly support PayPal as a payment method. It is exclusively a digital currency bookie, which operates using crypto-wallets on both ends. However, you can convert funds stored in your PayPal wallet to the digital currency of your choice and use it to bet on the sportsbook.

Sportsbet.io Withdrawal Options and Transaction Times

You can withdraw funds from Sportsbet.io in 2 ways, cryptocurrency or FIAT currency. You need a dedicated link between the bookie’s wallet and your wallet to withdraw cryptocurrency. The transaction timelines depend on the number of blockchain confirmations, with a minimum of 3.

  • FIAT currency withdrawals take up to 3 working days to reflect on your account. The transaction must undergo verifications before the amount moves from digital to traditional currency in euros. The minimum you can withdraw using this system is €20.
  • Any transactions above 1 BTC or €2000 require a background check before issuance. It is an essential regulatory requirement in most countries to curb money laundering. The process adds more time to the withdrawal processing time given above.
  • If you used MoonPay to process your deposit, Sportsbet.io allows withdrawal from the account after 48 hours. It is part of its measures against insecurities and money laundering. It also attracts a 5X wager to cater for transaction costs.
Accepted currencies
  • EUR
    EUR
  • GBP
    GBP
  • RUB
    RUB
  • BTC
    BTC
  • ETH
    ETH
  • XRP
    XRP
  • LTC
    LTC
  • TRX
    TRX
  • ADA
    ADA

Sportsbet.io Payment Methods FAQ

Can I Change the Currency in My Account?

Yes, you can change from one cryptocurrency to another when processing funds. However, it will cost you transaction fees since you must move the funds from one crypto wallet to another. To avoid this cost, select one digital currency and stick with it.

Can I Deposit with Cryptocurrency?

Yes, you can deposit with cryptocurrency. Sportsbet.io is a cryptocurrency haven with over 10 digital currencies to choose from. Select one from the list, convert the funds, and deposit it from your wallet to the Sportsbet.io wallet. You are ready to bet.

Can I Use Different Options for Deposit and Withdrawals?

Yes, you can use different options for deposits and withdrawals. However, you should have a different wallet for cash out. If you want to change fiat currency, you need a euro account to which the API system can convert and withdraw. However, change the cash-out code to the current wallet if you wish to change your crypto wallet.

Can Deposit and Withdrawal Limits Be Changed?

No, deposit and withdrawal limits cannot be changed, especially if you are changing from digital to a FIAT currency. The FIAT currency system has not formally accepted digital currency as a measure of value. So it levies hefty charges to shield its valuation.
However, you can change cryptocurrency deposit and withdrawal limits, albeit on a small margin.

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