How to use crypto at Coolbets

How crypto deposits and cashouts work at Coolbets, step by step.

The coin list

Coolbets accepts 14 cryptocurrencies: Bitcoin, Ethereum, Litecoin, Tether, Dogecoin, Tron, BNB, USD Coin, Dash, Cardano, Dai, Avalanche, Ripple and Toncoin. Both the main coins and a range of altcoins are available. Each coin has its own balance of speed and fees.

Stablecoins remove the volatility problem. If crypto is only a way to pay for you, a stablecoin is the obvious pick. Other coins can gain or lose value while the money sits in your account.

Check the minimum for the coin you use. Sending less than the minimum can mean the deposit is lost or delayed. There is no need to buy an exotic coin just to play: use what you have, and learn the steps with a small amount. For other payment options, see the deposit methods guide.

Making a crypto deposit

The process takes three steps: choose the coin, copy the address, send the transfer. Precision is everything with blockchain transfers.

• Open the cashier and choose the cryptocurrency
• Pick the correct network in your wallet
• Copy the deposit address exactly, ideally with the copy button or the QR code
• Send the transfer and keep the transaction hash
• Allow time for blockchain confirmation

The wrong network can mean the transfer never arrives. Match the network on the deposit page letter for letter, even if your wallet offers others for the same coin. A good habit is to send a small test amount first when you use a new wallet or network. Once the test arrives, you know the address and network are right. Our crypto glossary defines network, TXID and confirmation.

What a crypto transfer costs

Your deposit is credited once the network has confirmed it. Some networks confirm in seconds, others take longer when they are busy. A block explorer shows exactly where your transaction is.

Coolbets charges nothing on crypto deposits; the network fee is the only cost. Fees vary by coin and by network load. Cheaper networks are worth considering for smaller deposits.

Depending on your choice, the money is kept in the coin or converted on arrival. The target balance is shown in the cashier. Players in Australia who keep a AUD account will see the converted amount in AUD. The rate used is shown before you confirm, so there are no hidden surprises. How the crypto cashier compares with the rest of the site is covered in our full Coolbets review.

Getting paid in coins

Payouts in coins tend to arrive first. Within the standard range of 12 hours to 3 business days, coins normally arrive first. Weekends and very large amounts can take longer. The general payout rules are in the guide to cashing out.

Before you request a payout

Read the receiving address and network twice before you confirm. A blockchain transfer cannot be reversed once sent. The minimum withdrawal is A$15, and the daily ceiling is $10,000.

Paying in crypto does not exempt you from verification. Complete verification before your first withdrawal. Clear any open rollover before you ask for a crypto payout. With both points settled, crypto payouts usually go smoothly.

Crypto and bonuses

You can claim the welcome offer with a crypto deposit. The offer is 100% up to A$810 + 50 free spins, with a minimum deposit of A$15 or its equivalent. The bonus option must be on before the deposit arrives. The full terms of the package are in our welcome bonus guide.

Wagering is the same 35x over 30 days. With a volatile coin, the value of the bonus can move with the market. Holding a pegged coin makes wagering easier to follow.

Crypto-funded real-money play counts toward the weekly 10% cashback as well. Some campaigns may exclude certain methods, so read each offer. Unsure whether a crypto deposit counts? Support can confirm it.

Habits that keep coins safe

Volatility cuts both ways. To play without market risk, use a stablecoin or convert to fiat. Treat the deposit as spending money, not savings.

Every transfer has a TXID, and it is worth saving: it is the proof support asks for first. Crypto is an alternative, not a replacement, for local methods in Australia. Coins or cash, play only from 18 and within a budget.