20Bet Bitcoin Withdrawals – #1 Guide 2023

There are many reasons why gamblers love to use 20Bet when they wager online. The site is one of the most trustworthy gambling operators in the world. Not only does it have a reputable gambling license, it provides outstanding safety and security measures for players, an impressive list of games and wagers available, and constant bonuses and promotions to reward players.

Beyond that, 20Bet also has the interests of its diverse clientele in mind when it landed on the different methods of payment it offers for deposits and withdrawals. With cryptocurrency being an increasingly popular form of payment for people around the world, 20Bet knew that it needed to offer crypto on its site.

The most popular cryptocurrency in the world is Bitcoin, and 20Bet offers players the opportunity to both deposit and withdrawal using cryptocurrency on their site. Below, we have provided all the information you’d need to know to use Bitcoin at 20Bet for all your gambling needs.

How to Buy Bitcoin?

Cryptocurrencies such as Bitcoin take a few steps to purchase before you can use it to fund your 20Bet account, the very popular operator. Bitcoin isn’t like a credit card, where you can just charge whatever amount you want up to your available limit, or a bank account where you can transfer whatever you have in your account.

First, you must actually purchase Bitcoin, and then once it’s in your crypto wallet, you can use it. There are a few steps that you need to take to purchase Bitcoin. Here are the steps you have to follow for the most common way to purchase Bitcoin.

1.) The first thing you have to do is open an account at a cryptocurrency exchange. You can only buy Bitcoin — and other crypto coins — at one of these exchanges. You’ll have a lot of options for these exchanges, but you want to choose one that offers great safety, security and trustworthiness to people. Some of the more popular ones are Coinbase, Kraken and Bitfinex.

2.) Once you choose your crypto exchange, you’ll need to see if they have a Bitcoin wallet built into their platform. IF they don’t, then you’ll need to go open a Bitcoin wallet somewhere else, too.

3.) After you have set up your crypto exchange and Bitcoin wallet, you’ll need to connect a payment option to your exchange account. This process is often similar to opening a brokerage account. Depending on the exchange you chose, you may need to provide personal identification information, as well as a copy of your ID card. Once you’ve done that, you can connect a bank account, debit card, credit card or other payment options to your crypto exchange.

4.) Now that you have connected a payment method to your crypto exchange, you can place a Bitcoin order. You can purchase a straight amount of Bitcoin, dollar value or go into more depth about doing it as various investments.

5.) Once you’ve placed your order, you’ll need to store your Bitcoin somewhere. There are many options for secure storing of your digital assets. You can use an exchange wallet, but many people opt to store their Bitcoin in a personal wallet outside of the exchange. This ensures that they have full control over the private keys, which allows access to the Bitcoin.

How can a Player Deposit Bitcoin to 20Bet?

Now that you have purchased Bitcoin and are storing it in a crypto wallet, you can make deposits onto 20Bet using Bitcoin. The process is pretty simple. Start to finish, it should only take a few minutes to complete the process. Just follow these steps we have outlined for you here …

1.) Visit 20Bet either through a web browser or one of the mobile apps they have created. This can be done on either a mobile device or laptop/desktop computer. Once there, log into your account using the login credentials that you set when you signed up for your 20Bet account originally.

2.) After you’ve logged in, click the Deposit button, which will be an orange button located in the top right of the homepage.

3.) You’ll be taken to a new page now. Once there, you’ll see a full list of all the payment methods that 20Bet accepts. Just click on the one that you want. In this case, you’ll click on cryptocurrency.

4.) At the next screen, you’ll select from a drop-down menu which cryptocurrency you want to deposit with. In this case, it would be Bitcoin. Then, you’ll need to enter in how much you want to deposit onto 20Bet. This is also where you’d enter a bonus code if you have one to take advantage of a promotion that 20Bet is running.

5.) Verify that all of the information you have entered here is correct, and then click “Deposit.” Once you do so, a new window will pop up that will relate to your Bitcoin wallet.

6.) The final step is to navigate to your cryptocurrency wallet and send the amount of money that you want to deposit into 20Bet to the address that appears in that pop-up window. Alternatively, you could scan the QR code that appears using the crypto wallet app, if your wallet has one. Once you’ve done all of this, your deposit request using Bitcoin at 20Bet will be completed.

How can a Player Withdraw Bitcoin from 20Bet?

If you want to withdraw using Bitcoin at 20Bet, it’s very easy as well. Many of the steps will be the same as when you deposit, so most of this should sound pretty familiar. If you wish to withdraw funds from your 20Bet account using Bitcoin, here are the steps that you need to take …

1.) Visit 20Bet either through a web browser or one of the mobile apps they have created. This can be done on either a mobile device or laptop/desktop computer. Once there, log into your account using the login credentials that you set when you signed up for your 20Bet account originally.

2.) Click on the icon that’s labeled “My Account.” It should be right next to the Deposit button in the top right of the homepage.

3.) You’ll be taken to a new page, where you’ll need to click on another button that will be labeled “Withdrawal.” This will take you to another new page that will list all of the available withdrawal methods that 20Bet offers. 

4.) Now, you’ll need to select the withdrawal method that you want to use. In this instance, you’ll choose cryptocurrency.

5.) After clicking cryptocurrency, another new window will pop up. Here, you’ll need to enter how much money you want to take out of your 20Bet account, and then enter the address of your cryptocurrency wallet. If you don’t know this off the top of your head, you can access it via your crypto wallet.

6.) Finally, confirm that all of the information that you have entered here is correct. Once you’re comfortable that everything is right, simply click the “Withdrawal” button, which will be highlighted in green.

You will now have completed all the steps you need to do to request a withdrawal from 20Bet using Bitcoin. The site will now take it from here and actually perform the cashout request.

Are there 20Bet Bitcoin Deposit Limits?

Online gambling sites often set limits on both deposits. They do this to put protections in place for them as well as players, in a way to prevent fraudulent transactions from happening and to meet various responsible gambling measures.

20Bet has many of these deposit limits in place for their various methods of payment as well. If you are depositing with Bitcoin, you’ll be happy to know that the limit is quite small. The minimum deposit amount is only the equivalent of €10.

This is really great, as it means that you don’t have to have a large amount of Bitcoin in order to make a deposit at 20Bet. It gives players a lot of flexibility to try new games out without making too much of an investment to do so.

On the flip side, there is no maximum to how much you can deposit on 20Bet if you’re using Bitcoin. This is truly great as well. It caters very well to the high-stakes players who might want to deposit a large amount of money at one time without having to break their full deposit amount into separate transactions. Again, this is great because it provides players with a lot of flexibility.

All deposits using Bitcoin will process instantly, so you’ll be able to use the funds you deposited into your account right away.

What are the 20Bet Bitcoin Withdrawal Limits?

For Bitcoin, the minimum withdrawal amount is only €10. This is perfect for players, as it doesn’t require them to build up a huge bankroll in their gambling account before they can cash it out. This is ideal for players who like to have a lot of control over their hard-earned money and don’t want to be told when they can and can’t take their money out to use how they want.

There also is no maximum withdrawal limit at 20Bet if you’re using Bitcoin. This means that if you win a huge wager, a big jackpot or build up a huge balance over time, you don’t have to split your cashouts into multiple requests. This is very pertinent for people who use cryptocurrency, as they might tend to wager higher amounts.

All Bitcoin withdrawal requests usually process within 10 to 20 minutes, according to 20Bet. This means you’ll have all of your money available in your Bitcoin wallet very fast. 

Are There Any Fees?

Some online gambling operators will charge fees for processing transactions, whether it be deposits or withdrawals. This is never good for the player, as it reduces the amount of money that they can use on the gambling site and/or limits the amount of profit they make with their hard-earned money.

Another piece of good news, though, is that 20Bet never charges any transaction fees, whether you’re using Bitcoin or any other payment method. This means that players will have the full use of their funds whenever they want to use them, without having to pay a fee just to get them in or out of the site.

What are the Advantages of Using Bitcoin?

Using Bitcoin removes the chance that the transactions might get delayed or outright blocked by a financial institution. You’ll never have to worry about that with Bitcoin.

The limits for deposits and withdrawals are great at 20Bet using Bitcoin, especially since there’s no maximum limit for either. Finally, the transactions are processed extremely quickly, giving you almost instant access to your funds in and out of your 20Bet account.

What are the Disadvantages of Using Bitcoin?

One disadvantage to using Bitcoin at 20Bet is that all bonuses are disabled if you use it as a payment method. This means you won’t be able to take advantage of the many great offers that 20Bet has, including its welcome package that includes a great bonus on first deposits. 

Another disadvantage is that you have to complete the additional step of actually purchasing Bitcoin before you can use it as a payment method at 20Bet. This is only a minor inconvenience, but it’s worth mentioning.

Short Conclusion

20Bet is one of the best online gambling sites in the world. It offers a number of great payment methods for deposits and withdrawals, and Bitcoin is increasingly becoming one of the most popular.

Last Updated on 25/01/2023 ago by Devak Mukherjee