Cryptocurrency - How To Guide

Using Crypto with Sportsbet.io - it’s easy!

So you’re considering betting with Bitcoin or other cryptocurrencies for the first time?
Here are the simple steps you need to take to go from crypto novice to crypto user!

Why Crypto?

Find out what motivates hundreds of thousands of users to play with Bitcoin and other cryptocurrencies!

It's popular!

Worldwide acceptance is here! From far-off flights to killer car rentals - it’s available to buy with crypto.

It's autonomous!

There’s no exclusive club - most cryptocurrencies are designed to be ownerless, making them open to all.

It's cheap!

The transaction fees are so small, they may as well not be there at all.

It's decentralised!

It’s network needs no intermediary (like a fee-charging big bank), meaning nobody can control or manipulate it.

It's fast!

Transactions are processed in a matter of seconds with waiting times decreasing by the day.

Buying Crypto

There are plenty of reasons to be buying and using Bitcoin and other crypto right now, including the fast expanding possibilities with its use. Whether it be placing bets on Sportsbet.io, shopping at Bitcoin-friendly sites, or investing and trading, crypto is user friendly and available to buy today from either a crypto exchange, or directly through Sportsbet.io.

How to buy crypto through Sportsbet.io

1. ACCESS YOUR WALLET Login to Sportsbet.io. In the top right of the page, next to your balance, click your balance or the ‘Deposit’ button. In the menu that opens, click ‘Buy bitcoins’.

2. BEGIN YOUR PURCHASE Select purchase crypto with Moonpay. Specify the deposit amount either in the preferred fiat currency or in Bitcoins. ‘Click Buy bitcoins’.

3. CHOOSE YOUR AMOUNT Select the amount of BTC you want to purchase. The exchange rate will be shown. Copy the Bitcoin address shown on the deposit page (top right) into the MoonPay iframe (left). Moonpay will send the money to that address.

4. VERIFY YOUR IDENTITY An email with a code will be sent to your registered email address. Enter the code and your personal details. Upload the back and front of an identification document. Take a selfie, or upload an image of yourself which is less than a day old.

5. CONFIRM PURCHASE Enter credit card details and confirm your payment.

If you don't have access to MoonPay, or you'd like to purchase your crypto from an external source, you instead choose to use an exchange. To do this, first, you need to have a personal wallet from where you can store, withdraw and deposit your crypto. This serves like a bank account for your crypto.

Choose a crypto wallet

Exodus

Allows users to secure, manage, and exchange cryptocurrency on desktop, mobile and hardware wallets, while removing the geek requirement and making it fun and easy to learn and use cryptocurrency.

How to use an Exodus wallet:

Visit the Exodus website and click the download button for Exodus. A drop-down menu will appear. Select your operating system and continue.

2. RUN THE APP

The software should be sitting in your downloads folder. Click on it and it will prompt you to send it to your applications folder. Go into your application folder and click one last time to run the Exodus program.

3. SAVE YOUR RECOVERY PHASE

Go to the Security options of the wallet, select Back up. Make a copy of your recovery phase and then safely secure it where it won’t be lost. You will also be able to set up a master password for the wallet to lock it. Do not share it with anyone - it acts as the only key to unlocking and accessing your cryptocurrency.

4. MAKE NOTE OF THE WALLET ADDRESS

Open the wallet icon at the top of the homepage. Then choose the wallet option in the left margin matching with the type of cryptocurrency you want to withdraw from your Sportsbet.io account. Then, click on the three dots appearing at the top right corner of the screen, and choose ‘Export Address’ from the dropdown options.

5. MOVE YOUR CRYPTO

Now you have a digital wallet, you need to add some crypto using an exchange. Read ahead to Transferring Crypto to Sportsbet.io for instructions how.

You can now also move crypto from your Sportsbet.io account to your digital wallet using the simple instructions explained further on in Withdrawing Crypto from Sportsbet.io .

Metamask Wallet

MetaMask is an Ethereum wallet that bridges the gap between the user interfaces for Ethereum and Web3 and the regular web (for example, Google Chrome, Mozilla Firefox). It is the most popular Web3 wallet.

How to use a Metamask Wallet:

Go to your App Store option on your iOS or Android device and install the Metamask Wallet app.

2. RUN THE APP

3. SET UP YOUR MASTER PASSWORD

Set up a strong password that you will be using to access the wallet.

4. SAVE YOUR RECOVERY PHASE

Make a copy of your recovery phase and then safely secure it where it won’t be lost. Do not share it with anyone - it acts as the only key to unlocking and accessing your cryptocurrency. Then verify.

4. MAKE NOTE OF YOUR WALLET ADDRESS

On your Main wallet screen, your wallet address can be scene in “Address” field. From here you can tap on ‘Copy’ to get the address. To see the actual address, as well as the QR code, tap on ‘Receive’. You can copy the address or share it as well from this screen.

6. MOVE YOUR CRYPTO

Now you have a digital wallet, you need to add some crypto using an exchange. Read ahead to Transferring Crypto to Sportsbet.io for instructions how.

You can now also move crypto from your Sportsbet.io account to your digital wallet using the simple instructions explained further on in Withdrawing Crypto from Sportsbet.io .

7. IMPORT YOUR WALLET ON PC

To use the full capabilities of Metamask, you can import it to your computer’s web browser. On your Chrome browser, go to Metamask.io and install the Chrome extension, then select the “Import existing wallet” option instead of creating a new one. Here you can provide the 12 words recovery phrase you have secured in Step 4 and set up a password for the copy of the wallet. To further improve your transactions on Sportsbet.io to be more seamless, you can connect your Metamask wallet to Sportsbet.io’s cashier.

Trust Wallet

Trust Wallet is a mobile wallet app that allows you to send, receive and store a wide range of cryptocurrencies. Designed with a focus on simplicity, this open-source wallet aims to provide a platform that's easy and straightforward to set up and use.

How to install a Trust Wallet:

Go to your App Store option on your iOS or Android device and install the Trust Wallet app.

2. CREATE A NEW WALLET

Create a new wallet, then read and accept the terms and conditions.

3. SAVE YOUR RECOVERY PHASE

4. MAKE NOTE OF YOUR WALLET ADDRESS

On your Main wallet screen, Tap on ‘Bitcoin’. From here you can tap on ‘Copy’ to get the address. To see the actual address, as well as the QR code, tap on ‘Receive’. You can copy the address or share it as well from this screen.

5. MOVE YOUR CRYPTO

Now you have a digital wallet, you need to add some crypto using an exchange. Read ahead to Transferring Crypto to Sportsbet.io for instructions how.

You can now also move crypto from your Sportsbet.io account to your digital wallet using the simple instructions explained further on in Withdrawing Crypto from Sportsbet.io .

Coinbase

Coinbase wallet is a cryptocurrency wallet allowing users to store their cryptocurrency assets directly on your mobile device or desktop. The Coinbase.com app promotes its wallet as the easiest place to buy, sell, and manage your digital currency.

How to use a Coinbase wallet:

Head over to Coinbase.com and click on the ‘Get started’ button in the top right-hand corner of the screen. A form will pop up, asking you to fill in your name, surname, and email.

2. CREATE A PASSWORD

Now you’ll be asked to create a password. A strong combination of numbers and special characters makes for a more secure entry. Then tick the user agreement/privacy policy and select the ‘Create Account’ button.

3. VERIFY

Coinbase will now send you an email with an activation link. Click on the link and your new account will be set up.

4. MAKE NOTE OF YOUR WALLET ADDRESS

Go to Crypto addresses and click or tap ‘Create new address’ under your selected cryptocurrency. Click or tap the arrow button to pull up the address screen. Coinbase automatically generates a new address for every transaction - you can use any of these addresses for receiving crypto, as long as it is the correct address type for the digital currency you wish to use.

5. MOVE YOUR CRYPTO

Now you have a digital wallet, you need to add some crypto using an exchange. Read ahead to Transferring Crypto to Sportsbet.io for instructions how.

You can now also move crypto from your Sportsbet.io account to your digital wallet using the simple instructions explained further on in Withdrawing Crypto from Sportsbet.io .

Now you have your own digital wallet, you can move crypto to and from your Sportsbet.io account.

Withdrawing Crypto from Sportsbet.io

If you already have crypto in your Sportsbet.io account, you can now use your personal wallet to withdraw those funds. If you’d like to Transfer Crypto to Sportsbet.io , read ahead.

How to transfer crypto from your Sportsbet.io wallet to your personal wallet:

1. Login to Sportsbet.io. On the Home page, in the top right of the page, next to your balance, click ‘your balance’. In the menu that opens, specify the preferred cryptocurrency and click ‘Withdraw’.

2. TRANSFER YOUR FUNDS

Enter the amount that you would like to withdraw and your wallet address, and then click ‘Withdraw’. Once sportsbet.io receives your withdrawal request, you will get a notification, and then the confirmation of the withdrawal.

3. WAIT FOR YOUR FUNDS

The funds take a variable amount of time to appear in your wallet, depending on which wallet you choose to use and the performance of the network.

Transferring Crypto to Sportsbet.io

An exchange is your one-stop shop for buying cryptocurrency to be deposited into your Sportsbet.io account, and exchanging your cryptocurrency winnings for fiat. If you’re looking to deposit crypto into a Sportsbet.io account, an exchange is an alternative option for getting your hands on some crypto, now you have your own digital wallet.

An exchange is like a digital marketplace, where you can buy crypto to bet with at Sportsbet.io. If you’d like to Exchanging Crypto for Fiat is what you need, then you also need to use an exchange. They’re user-friendly and easy to navigate.

Choose your exchange:

Kraken

Kraken is a US-based cryptocurrency exchange, founded in 2011. The exchange provides cryptocurrency to fiat (regular currency) trading. Kraken's relatively low trading fees are a good feature, making it one of the most affordable US-based cryptocurrency exchanges.

How to use Kraken:

Make sure you are visiting the official Kraken site on https://www.kraken.com. Click on the ‘Create Account’ button in the upper-right corner. Enter your email address, a username, and a strong password on the signup form.

2. CHOOSE YOUR ACCOUNT TYPE

A ‘Starter’ account allows users to deposit, purchase and withdraw cryptocurrency. However, when buying crypto for the first time, users need to deposit fiat currency to buy cryptocurrency. This requires at least an ‘Intermediate’ account, where users will be asked to provide ID and residency authentication. Be prepared to wait up to a day or two before you can withdraw funds from your account while your documents are verified.

3. ACTIVATE ACCOUNT

You should receive an activation email containing an activation key. Enter your activation key on the account activation form, or alternatively complete activation by clicking the link in the email. Confirm your password, complete the captcha if asked, and click the ‘Activate Account’ button. Don’t forget to visit the ‘Security’ settings under the profile link at the page’s top right corner to add extra layers of protection to your funds.

4. BUY SOME CRYPTO

Head to the ‘Trade’ tab at the top of the screen. Use the dropdown at the top left of the screen to choose your crypto. Sportsbet.io accepts Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Tether (USDT), Tron (TRX), Ripple (XRP) and Allsportscoin (SOC). Make sure you have chosen the ‘buy’ tab before entering the amount you would like to purchase in either coin or fiat value. Pick a market value for a simple exchange and submit your order.

SELL SOME CRYPTO

Selling crypto with Kraken can be achieved with the same process by clicking on the ‘sell’ icon. Moving crypto into your Kraken wallet is a matter of navigating to the ‘funding’ tab, clicking ‘deposit’ on your chosen cryptocurrency and amount, and inputting the Kraken address provided after ‘generating address’ into your personal wallet.

CEX.IO

CEX.IO is the Bitcoin trading platform that combines the crucial features: enhanced security, variety of options and high market liquidity. CEZ.io prides itself on making your trading on the platform as convenient and safe as possible.

How to use CEX.IO:

Go to CEX.io and select ‘Get started’. Fill in your details, hit ‘continue’ and CEX.io will send a message to your email inbox asking you to confirm your details. To finish registration, confirm your email address within 24 hours.

2. BUY CRYPTO

You can buy crypto instantly with your Visa or Mastercard debit or credit card. Enter the amount you want to buy, select the currency to pay in – USD, EUR, GBP, or RUB – and click ‘Buy Now’.

3. VALIDATE ACCOUNT

At the next step, add a card to complete the purchase. Fill out your card information and upload a photo of the card along with your identity document and a selfie with the card to prove ownership.

SELL SOME CRYPTO

Selling crypto with CEX.io can be achieved using the platform’s special simplified Buy/Sell interface. All you need to do is choose the amount of Bitcoins to sell or enter custom amount, and the sell operation will be executed instantly

Once you have some crypto stored in your own digital wallet, you can easily transfer funds to your Sportsbet.io wallet.

How to deposit crypto with Sportsbet.io:

Login to Sportsbet.io. On the Home page, in the top right of the page, next to your balance, click your balance. In the menu that opens, specify the preferred cryptocurrency and click ‘Deposit’. If you don’t find the cryptocurrency in your wallet, then click on Add/Remove Currency under currency cards, put a tick against the preferred cryptocurrency.

2. TRANSFER FUNDS

In the menu that appears, copy the unique account link and paste it into the address book in your e-wallet to initiate the transaction. Alternatively, you can scan the QR code using your smartphone’s e-wallet app.

3. WAIT FOR YOUR FUNDS

Your crypto will appear on the account in time, but keep in mind that there may be some delays from third party services (for example, eWallets, exchanges) that may debit your private account but not add the transaction to the blockchain for up to several hours. You will also receive a deposit confirmation notification.

Exchanging Crypto for Fiat

If you want to move your crypto in the other direction away from your Sportsbet.io account to exchange for fiat currency, you need to utilise an exchange. Sportsbet.io is not an exchange platform, so users cannot exchange cryptocurrency for fiat currency using the site.

Users must first transfer your crypto funds from your Sportsbet.io wallet to your personal digital wallet. The next step is to convert your coins to fiat currency with a few simple steps using an exchange.

How to convert to fiat using an exchange:

2. TRANSFER FUNDS

3. WAIT FOR YOUR FUNDS

Your crypto will appear on the account in time, but keep in mind that there may be some delays from 3rd party services (for example, eWallets, exchanges) that may debit your private account but not add the transaction to the blockchain for up to several hours. You will also receive a deposit confirmation notification.

4. Go to your chosen exchange and transfer your desired amount of crypto you’d like to exchange, and sell your crypto for your chosen fiat currency. Use the directions described above in the Choose your exchange process.

Learn More

Want to learn more about using cryptocurrency?
Go to learncrypto.com.