20Bet Ethereum Withdrawals – #1 Guide 2023
20Bet is a great online gambling site that many people prefer to play at. It has great security and safety for players, and is very fair, per the fact that it has a legitimate gambling license. It also offers a wide variety of betting options so that there’s something for everyone on the site.
In addition, 20Bet offers a big selection of payment options so that players can quickly and easily get money into and out of their betting account in a variety of different ways. One that’s increasingly in popularity is Ethereum, which is one of the top cryptocurrencies in the world. Below, we’ll detail how you can deposit to and withdrawal from 20Bet using Ethereum.
How to Buy Ethereum?
The first step in using Ethereum as a payment option at 20Bet, the outstanding operator, is that you have to purchase it. This will require a few extra steps than depositing using a bank account or credit card, as you’ll have to first buy the digital asset, which you’ll need another payment method for.
The process is rather simple today, though, so that’s a good thing. And there are a number of different ways that you can actually buy Ethereum and other cryptocurrencies. Here is a step-by-step guide to one of the easiest ways to buy Ethereum.
1.) First, you must set up a cryptocurrency exchange account. These exchanges are where you can buy, sell and trade cryptocurrency of all kinds, including Ethereum. There are many different exchanges on the market, so make sure that you do your research as to which one would be the best fit for you. Some of the most popular ones are Bitfinex, Kraken and Coinbase.
2.) After you’ve chosen the exchange you want to use, check to see if they offer an Ethereum wallet right on their platform. You’ll have to get one on your own somewhere else if they do not offer this.
3.) Follow all the instructions to set up your crypto exchange and Ethereum wallet accounts. Then, you’ll have to connect some sort of payment method to your exchange. This will allow you to buy Ethereum, and will be similar to opening other financial accounts. You’ll have to provide your personal information and possibly even a copy of your photo ID, depending on the exchange you choose. Then, you can connect a traditional payment method such as a bank account, debit or credit card to the exchange so you can purchase Ethereum.
4.) After your payment method is connected to your crypto exchange, you will be able to place an order for Ethereum. Just walk through the steps that the exchange lays out for you to do so.
5.) After your order has been placed, you have to store the Ethereum you bought. You’ll have plenty of options to store the digital assets. An exchange wallet is a popular choice here, though many people choose an Ethereum wallet that’s outside of their exchange account. This will ensure you have full control over private keys that will be needed to access the Ethereum you purchased.
How to Deposit Ethereum to 20Bet?
After you’ve purchased Ethereum, transferring it to 20Bet is a very simple process. It will only take a few quick steps for you to be able to complete the process from start to finish. We have outlined all these steps here …
1.) Go to the 20Bet site. You can do this on a mobile device through the mobile apps they provide, or through a web browser on computers or mobile devices. After you’re there, you have to log into the account using the same credentials you set when you initially signed up for your 20Bet account.
2.) Now that you’re logged into the site, click the button that’s labeled “Deposit.” It should be orange and near the top right of the page.
3.) This will take you to a new page, where you can view a full list of every payment method 20Bet offers its players. Simply click the payment method you want to use. For our purposes here, you’ll select cryptocurrency.
4.) The next screen will allow you to select the specific cryptocurrency you want to use. From the drop-down, choose Ethereum. After that, enter the amount that you want to cash out of your 20Bet account.
5.) Check that all of the information you’ve entered on this page is right, then click the “Deposit” button once it’s all good. After you do this, a pop-up window will appear with the information you’ll need to make the Ethereum transfer.
6.) Go to your crypto wallet, and send the amount of money that you entered into 20Bet. The address that you’ll need to send it to appears in the pop-up window from 20Bet. You could also scan the QR code that pops up if your crypto wallet has that functionality. This is everything you have to do to deposit money into 20Bet via Ethereum.
How to Withdraw Ethereum from 20Bet? – Step by Step Process
Withdrawing Ethereum from 20Bet is very simply, too. The steps are very similar to how you make a deposit using this payment method, so once you’ve done one, it’ll be easy for you to do the next. Below are the steps you’ll need to follow to withdraw …
1.) Go to the 20Bet site, again either through its website on a browser or through the mobile apps it has. Log into your account using the same credentials you set when you signed up for an account.
2.) Click the “My Account” button that you’ll now see after you’ve logged in. It will be located near the “Deposit” button in the top right of the page.
3.) On the new page that you’ll be redirected to, click the button here that’s labeled “Withdrawal.” You’ll then be taken to a new page again, which will list every available method of cashout 20Bet offers to players.
4.) Select the method of withdrawal that you wish to use. For now, you’ll select cryptocurrency again.
5.) A pop-up window will now appear. This is where you will need to enter how much you want to cashout from your 20Bet account. You’ll also need to enter the address for your crypto wallet. If you don’t know this, you can find it by logging into your cryptocurrency wallet.
6.) Confirm that you have entered all of this information correctly. Once you do, then click the final “Withdrawal” button. It should be green.
After you’ve done these six steps, you’ll have completed everything on your end to request a cashout from 20Bet via Ethereum. The site will now take over and process the request.
What are the 20Bet Ethereum Deposit Limits?
Online gambling sites will typically set limits on the amount of money you can deposit at one time into their site. These limits are put into place to protect the site and the players — most from fraud and bad actors. 20Bet has these limits, too, but they are very reasonable.
The minimum deposit amount at 20Bet using Ethereum is only 10IRP. This is very nice for players. It doesn’t require them to build up a lot of money in their own account, or purchase a lot of Ethereum, before they can start playing at 20Bet. They can deposit just a little bit and try out some new games before they commit to a lot more money that they want to gamble.
At the top end, 20Bet is even better, as they don’t have a limit at all for deposits when using Ethereum. Not having a maximum deposit amount really caters to players, because it doesn’t force them to make multiple transactions just to get the money they want into their gambling account. It’s especially attractive to high-roller players, who often have to contact customer service to get their limits increased — or be forced to conduct multiple transactions.
With 20Bet, all deposits using Ethereum will also process instantly. This means that they money will be available right away for you to use in your 20Bet account, without having to wait at all. It may take a little bit for it to reflect in your crypto wallet, but even that will happen fast.
What are the 20Bet Ethereum Withdrawal Limits?
20Bet also sets withdrawal limits for all payment methods at their site. Again, this is quite common in the online gambling industry, as it’s put in place for protection purposes for both players and the site itself. But, again, the limits at 20Bet when using Ethereum are really great
The minimum withdrawal amount is only 10IRP when using Ethereum. This also means that players don’t have to build up a huge bankroll on the site before they’re able to take the money out and use it however they want to. Players will love this, because it gives them pretty much complete control over their hard-earned money.
In addition, there is no maximum withdrawal amount if you’re using Ethereum at 20Bet. So, if you hit a big jackpot, a number of huge wagers or simply just go on a great winning streak, you won’t have to conduct multiple transactions just to be able to use your money elsewhere.
It’s this type of flexibility that players really love, and it’s why so many people love to use Ethereum at 20Bet.
All withdrawal requests from 20Bet via Ethereum typically take 10-20 minutes to process, the site says. You’ll have the money available in your crypto wallet not long after that, too.
Are There Any Fees?
Many online gambling sites will charge fees for deposits and withdrawals. This is never great for players, because it reduces the amount of money that they can bet with and/or realize in profits after they’ve won.
With 20Bet, though, players will never have to worry about this type of fee being charged. 20Bet doesn’t charge transaction fee for deposits or withdrawals, no matter whether you’re using Ethereum or any of the other payment methods that they accept at their site.
20Bet & Ethereum – Many Advantages
There are many advantages of using Ethereum at 20Bet. The biggest one is the extra anonymity and security it provides. That’s the trademark of cryptocurrency in general, and many people really love that when they’re gambling online.
Ethereum transactions process extremely quickly, with deposits being available instantly and cashouts being back in your crypto wallet within an hour. This is a huge positive, as many payment methods have lengthy waiting periods.
Finally, Ethereum removes the chance of transactions getting blocked by financial institutions, which sometimes happens with bank accounts and credit/debit cards.
Only a few Disadvantages
A big disadvantage is that 20Bet disables the bonuses and promotions for people who are using cryptocurrency as a payment method. So, you won’t be able to take advantage of the site’s welcome bonus or any other promotion that it’s running.
With Ethereum, you’ll also have to complete extra steps such as opening a crypto wallet and purchasing the cryptocurrency in order to complete the transaction. Other payment methods have fewer steps.
Players love to gamble at 20Bet, and using cryptocurrency as a payment method is becoming increasingly popular. Conducting transactions at 20Bet using Ethereum is very simple, and there are many benefits to doing so, as we’ve outlined above.Last Updated on 25/01/2023 ago by Devak Mukherjee