Betonline Bitcoin Withdrawal Reddit

When you’re using an offshore sportsbook over the Internet, there are few more pressing considerations that getting your winnings out and quickly, reliably delivered to you stateside. To facilitate this, there are a number of different withdrawal methods that are legal for online betting, and different sites will typically offer similar services. Though many online gamblers simply re-invest their winnings into future bets, it's common for people to want the money they won in their hands. The only real difficulty for US players in claiming their winnings (and it’s a small nuisance, not a deal-breaking problem) is the federal Unlawful Internet Gambling Enforcement Act (UIGEA, 2006). This is a restriction on US banks and other domestic financial institutions, however, and individual bettors are not targeted by the law. It’s merely a speedbump to getting your winnings, and there are lots of solid workarounds provided by the best offshore betting sites.

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BetOnline also handles payouts in Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and DASH cryptocurrencies, which offer the fastest withdrawal methods and carry no added fees. Visit BetOnline Sportsbook Bovada Sportsbook - Up To Four Friendly Options For USA Sportsbook Payouts. December 2018 – 12/7 = Bookmaker on 12/4, Intertops paid, 12/11 Betonline paid one account and 12/13 paid the second. 5dimes had no payout this month. Bovada paid 12/17, on time. November 2018 – 11/2, 5Dimes paid (kinda) as they declined our bitcoin withdrawal because we didn’t answer the phone when they called us the first time. BetOnline Withdrawal Policy. A couple of notes to make, as far at BetOnline's withdrawal policy goes, are as follows. First, and perhaps most important, is the fact that the address listed on the account will have to match the one being sent to. This is very important to avoid confusion and problems.

Depending on which site you place bets with, you may have a dozen or more options for legal sportsbook payouts. Or you might have just one or two available to you. All legitimate sportsbook sites will allow you to withdraw your winnings, obviously, but they vary in terms of the variety of withdrawal methods. As a result, when you're hunting for an online book to serve as your primary betting site (even though we highly recommend you join more than one book for the purpose of line shopping), you would do well to look into their available payout options to make sure they offer the right methods for your particular needs.

Popular Methods That Americans Use For Safe Payouts From Betting Sites

Next, submit your withdrawal transaction for processing. ※ Please note that it will take anywhere from a few hours to two (2) days for the withdrawal payment to be reflected in your NETELLER account. （5）If you originally made your deposit via Skrill.

Because of certain federal + state betting laws that interfere with the way funds can be transferred to and from legal sports betting sites (specifically the UIGEA), the number of methods for getting paid could potentially be limited. That means the pool of legal sports betting withdrawal methods commonly used by USA players is pretty small. A breakdown of the most popular ways to get to your winnings is posted below, starting with our most recommended method, Bitcoin.

Bitcoin

Bitcoin is the newest method for legal sports betting withdrawals that online sportsbooks have added to their arsenals. Bitcoin is a digital currency that is both decentralized and relatively anonymous. This means that you do not have to worry about a bank refusing to cash your check or holding up delivery in some other way, as banks have nothing to do with Bitcoin in the first place.

BTC withdrawals are the fastest way to receive sportsbook winnings, with your funds delivered to your wallet within a few hours in most instances. Another great aspect of this particular payout method is that you do not have to pay any withdrawal fees, so your earnings are credited in their entirety.

One point of advice with Bitcoin withdrawals is to cash out when the value of Bitcoin is either the same or higher than its price at the time of your initial BTC deposit. Remember, Bitcoin is actively traded in global exchanges, and the price can fluctuate dramatically over just a few hours or days.

Best Bitcoin Sportsbooks: Bovada Sportsbook, 5Dimes Sportsbook, SportsBetting Sportsbook

Check By Mail (Courier)

Getting a paper check in the mail from any online sportsbook's cashier department is a relatively simple way to collect your money. Probably the most basic withdrawal method of all, a check by mail works like any other check sent through the postal service. However, be advised: It can take a long time for your sportsbook’s cashier to send you your check – up to 15 or more business days at some sites! Additionally, you'll need to fill out a withdrawal form and send in a proof of your identity (a photocopy of your photo ID usually works), but besides that, withdrawing your money through check by mail is a viable withdrawal method at every legitimate online gaming site, and it is therefore very popular for USA sport bettors trying to operate within the legal confines of the UIGEA and other laws.

Typically, courier check payouts can take a bit longer to process, which can sometimes lead to further delays when receiving your check payouts, but there can be options with paper checks that will allow users to get their funds quicker. Generally speaking (and depending on your sportsbook), it could take as little as 7 days to get a check or as long as 30 days. Regardless, you will eventually receive your money, as the method is definitely proven, and if there are any problems with receipt, your book will work with you to make you whole ASAP.

Withdrawal Fees For Checks: Typically Lowest Of All Payout Methods - Most Sportsbooks Give One Free Per Month.

Wire Transfers

For legal sports betting withdrawals, bank wires are an easy-to-use option. When you write a paper check to a retailer or an individual and they cash it, there's a lot of paperwork and electronic activity that follows. Bank wires basically cut out the paper portion of this exchange, making a funds transfer from your online casino or sportsbook account to your chosen financial institution nearly instantly. Think of a bank wire as a digital check.

The main benefit of bank wires, or eChecks, over paper checks is in the time the transfers take to process. Instead of waiting a month for a check to arrive in the mail, you often have your winnings in your bank account or eWallet within just a day or two. Most legal betting sites that accept USA bettors allow eCheck withdrawals.

Popular Brands Of Wire Transfers: Western Union + MoneyGram

Bank Wires

For legal sports betting withdrawals, bank wires are an easy-to-use option. When you write a paper check to a retailer or an individual and they cash it, there's a lot of paperwork and electronic activity that follows. Bank wires basically cut out the paper portion of this exchange, making a funds transfer from your online casino or sportsbook account to your chosen financial institution nearly instantly. Think of a bank wire as a digital check.

The main benefit of bank wires, or eChecks, over paper checks is in the time the transfers take to process. Instead of waiting a month for a check to arrive in the mail, you often have your winnings in your bank account or eWallet instantly. Most legal betting sites that accept USA bettors allow eCheck withdrawals.

Sportsbooks That Use Bank Wires: Bovada Sportsbook, BetOnline Sportsbook, SportsBetting Sportsbook

Debit Card Payouts

This is a great way to get paid by an online sportsbook, but the betting sites that use it are extremely limited. At this time, there is just one online betting site we know of that offers them: 5Dimes Sportsbook. That being said, the availability changes from month to month, so you may not always see this option offered.

Debit card payouts basically work by re-crediting the debit card used to make your initial associated deposit into a sports betting account. At 5Dimes, they only accept Visa, so Visa debit cards are the only ones that can be “refunded”. The process will require the user to fill out a debit funding application to get started, but again, they must first use that card to make a deposit - only debit cards used to fund the betting account can be used for this.

Typical transfer time on debit card payments is around one week, and fees are generally low. It is also worth noting that debit/bank cards that are capable of international purchases are going to have much better success rates than those not officially afforded that luxury. For legal sports betting withdrawals with debit cards, you will need to speak with customer service. Ideally, you will only use this option if no other more straightforward option suits your particular needs.

Prepaid Card Sports Betting Payouts

Most often, prepaid cards are associated with deposit methods for an online betting site. However, prepaid cards can also be used as a method to receive a payout from a sportsbook as well. Not every website will offer a prepaid payout option. Each betting site will have its own rules and regulations regarding how a prepaid card can be used. For example, at 5Dimes Sportsbook, they have a prepaid card called the 1500 CLUB card. This is a card where deposits and payouts can be made by account holders. Users are issued a card after joining the 1500 CLUB program and will be able to dictate the payout process under the guidelines of 5Dimes.

Other prepaid card payouts center on major credit card brands. Visa is most often an option, but other prepaid cards have the potential to be accepted after consulting with the cashier at your betting site of choice. Not every top site supports prepaid card betting payouts, and others do offer the service but do not advertise it publicly. If you want to know whether or not your sportsbook offers prepaid card payouts, you will need to contact customer service for the final word.

How the UIGEA Has Affected Withdrawals

The UIGEA (Unlawful Internet Gambling Enforcement Act) was passed in 2006 as a weak attempt to stop all “unauthorized” online gambling inside US borders. It limits banks and other financial institutions from knowingly transferring funds to and from online gambling websites. The UIGEA doesn't apply to all forms of deposits and legal withdrawals, instead mostly going after credit card payments, debit card deposits, and any direct funds transfers from your bank to your player account. What's really frustrating is that the UIGEA has scared PayPal, the world's most popular eWallet, away from the American market, even though they are one of the most popular gambling withdrawal platforms in the rest of the world. Simply put, the UIGEA makes legal withdrawals a little more expensive, a little harder, and adds some time to the exchange of funds. Unless, of course, you use a cryptocurrency like Bitcoin or supported altcoins (i.e. Ethereum, Litecoin, Cardano, Stellar, Ripple, DASH, Bitcoin Cash, etc.).

Other Problems Americans Have When Getting Payouts From Online Sportsbooks

The UIGEA is not the only stumbling block Americans have in the way of withdrawing funds from their Internet betting accounts. The first thing that would prevent a USA gambler from making a withdrawal would be if he weren't of legal gambling age in his state. Online casinos use age-verifying methods to make sure you're complying with local and federal laws. Another little headache is the requirement that you verify your identity before you make a withdrawal — when it's time to collect your winnings, you'll need to fill out paperwork and provide proof of your identity. No legitimate sportsbook or online casino is going to prevent you from getting legal sportsbook payouts, as long as you are who you say you are.

Best Legal Betting Sites With Quick And Reliable Withdrawal Methods

BetOnline Sportsbook - Payments Made In Under 48 Hours Depending On Method

Besides a great variety of games and betting options built on proprietary software, BetOnline has a really beneficial withdrawal system. Americans can request a payout once a month with a $50 credit against any withdrawal processing fees.

BetOnline allows USA gamblers to withdraw using paper check by mail, book-to-book transfers, Western Union and MoneyGram wire transfers, person-to-person withdrawals, and (for those lucky Americans that have the ability to do so) ACH withdrawals directly to your bank account (bank wires). BetOnline also handles payouts in Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and DASH cryptocurrencies, which offer the fastest withdrawal methods and carry no added fees.

Bovada Sportsbook - Up To Four Friendly Options For USA Sportsbook Payouts

Bovada is for North American customers only, an offshoot of the mega-popular Bodog betting network. Bovada uses check-by-courier, Western Union and MoneyGram (by request), bank wire transfers (by request), and Bitcoin/Bitcoin Cash to pay withdrawals to their North American customers for anything from sports gambling to online poker to horse racing betting.

Please note that all Bovada customers get one free 'check-by-courier' withdrawal per month, a no-fee withdrawal method that can save you the hassle of having to pay a portion of your winnings to a middleman. Other methods like wire transfers typically have $40 to $80 in processing fees, but payments usually arrive within 48 hours or sooner.

• COUNTRY
• LEGAL SPORTSBOOK
• PLAYERS ACCEPTED
• RATING
• MOBILE?
• MORE INFO
• VISIT

• BetOnline Sportsbook
• Accepts U.S. Players From All 50 States

• Bovada Sportsbook
• No Players In DE, MD, NJ, or NV

• SportsBetting Sportsbook
• Accepts U.S. Players From All 50 States

• MyBookie Sportsbook
• Accepts U.S. Players From All 50 States

• BetDSI Sportsbook
• Accepts U.S. Players From All 50 States

What Is The Fastest Method For Getting Money Out Of Sports Betting Websites?

Many users like to get their legal sportsbook payouts from a betting site quickly. When selecting an option based purely on speed, Bitcoin is the quickest way to get paid. (If you are not familiar with Bitcoin, another option is a wire transfer.) Bettors can expect a Bitcoin transfer from their sportsbook to be made within 4-12 hours following the approval of the withdrawal by the customer service department. That means that in most cases, the bettor can have their payout back to them the very same day that they request it. The most you can expect to wait, if your book has very high payout traffic, is a day or two, though these cases are the exceptions. Legal sports betting payouts are both expedient and reliable with Bitcoin and other supported cryptocurrencies (which work the same way).

More About Online Sportsbook Withdrawal - Payout Fees + Charges

No matter the sportsbook you use, when it comes to making legal sports betting withdrawals and receiving a payout from a site, there are fees to consider. There is no 'one size fits all' fee at a sportsbook. Each potential fee will be tailored to the type of legal sportsbook payout that is being sent to the player. Not only will the fees vary depending upon the type of payout, but fees for the same payout methods can also vary from sportsbook to sportsbook. Different sites will assess fees differently. This is another incentive to shop around at the different sportsbooks and join multiple services so that you always get the very best value for your money. Joining several books is not just to help with shopping betting lines, of course; it is recommended that you do this based on a number of factors including payout fees, bonus perks, and more.

BetOnline is an all-in-one gambling site, including options for sports betting, poker, horse race betting, casino gambling, and live dealer action. BetOnline is a privately-held company that maintains a gaming license from the jurisdiction of Panama. BetOnline uses a number of different software providers for its any gaming options, but most heavily represented is the popular BetSoft line of casino software.

What to Expect

BetOnline runs some of the best-rated USA-friendly casinos, poker rooms, and sportsbooks. That’s a big deal for gamblers from America, but not so impressive in the grand scheme of things. After all, the US market is full of fly-by-night operations that exist just this side of a serious lawsuit.

Expect to find a long list of accepted currencies and ways to fund your account – this is also a good thing, as it indicates their willingness to do business with customers using a variety of payment methods. Throw in the fact that BetOnline’s casino includes a heavy dose of BetSoft titles, which are some of the best-looking and most popular slots in the industry, and it’s safe to say that BetOnline is a player-friendly gaming site.

You should always look into the legal particulars of any gaming website you do business with, and I did that right away with BetOnline. The licensing authority that gives them the right to offer games of chance and skill comes from Panama. That can be a questionable thing and I’ll tell you why in the next paragraph.

Is BetOnline Safe?

Licensing from Panama is a small red flag. Licensure is important – an online casino’s licensing body regulates fair play and handles any serious disputes players have with the site. Check out what CasinoListings.com has to say about licenses from Panama:

There is no authority or official process to follow in the case of any disputes with a casino operator licensed in Panama. Panama has some regulations set in place but as it is relatively easy to obtain a license in this jurisdiction, casinos operating from Panama should not be fully trusted without a proven track record.

Take that information with a grain of salt. Just because BetOnline.ag holds a Panama license does not mean it is a rogue site. In fact, BetOnline has been taking wagers for over a decade at the time of this review, and I found few complaints about their business practices on gambling forums and message boards.

It appears that BetOnline.ag has the “proven track record” mentioned in the CasinoListings review of Panamanian licensure.

Bonuses and Rewards Programs

Clearing Your Bonus Cash

For the purpose of simplicity, the table below shows the amount required to clear BetOnline.ag’s 100% slots bonus.

BetOnline Mobile

BetOnline’s mobile service is for sports betting only – no casino games or other betting opportunities exist. Mobile.betonline.ag seems like a perfectly serviceable mobile sportsbook, with both live betting and traditional betting options available in a number of popular world markets. At my last visit, wagers were available for the following sports:

• Baseball
• Basketball
• Boxing
• Cricket
• Football
• Golf
• Hockey
• Martial Arts
• Rugby
• Soccer
• Tennis
• Sports Futures and Props

That’s a pretty extensive list of sports betting options, especially for a mobile site. I was particularly impressed with the long list of futures and props, something that’s not too common with other mobile-based sports betting services.

BetOnline needs to include a wider variety of betting options if it wants to compete with existing mobile platforms that have an all-in-one philosophy. I noticed that the BetOnline mobile service crashed way more often than other services I’ve used – I had to restart my mobile browser twice in order to get the information I needed.

Sports Betting Review

BetOnline started its life as a sportsbook, so it’s no surprise that this is one of their strongest sectors in today’s market. Originally called BestLineSports and operating out of Costa Rica in 2001, BetOnline had a unique way of attracting customers – offering discounted line pricing at -108.

Today, BetOnline is a leader in the industry, though -108 lines are no longer a part of their practice. The site’s sportsbook services are available in both Spanish and English.

Sports Covered

• Baseball
• Basketball
• Boxing
• Cricket
• Football
• Golf
• Hockey
• Martial arts
• Rugby
• Soccer
• Sports Futures and Props
• Tennis

Sign-Up Bonus

Up to 50% free play, with a maximum bonus available of
$2,500. Take note, this bonus requires a 6x rollover of your
expected total.

Casino Review

BetSoft games, as mentioned earlier, are among my personal favorite. Their library is extensive, their games tend to have higher replay value than other designers, and they just look and feel like modern titles. Using Betsoft games was a wise choice for a site that’s known better as a source for sportsbook wagering.

BetOnline’s game library is broken up into four total
categories:

• Table Games
• Slots
• 3D Slots
• Video Poker

Here is a brief description of each of the site’s game
categories along with some specific details about the games they
host.

Table Games

BetOnline’s collection of table games includes
seventeen classic titles and a few with slight rule variations.
All told, the site hosts six types of blackjack, two roulette
wheels (the classic American and Euro versions), the classic
games of craps and baccarat, and a total of seven different
casino-style poker and card-based games.

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Slots

BetOnline bucks the trend in online casinos, hosting
just nineteen games under this heading. Yes, they have a larger
collection headed under the title “3D slots,”but let’s focus on
the titles in this category.

The games in this collection are not the best BetSoft has to
offer. An example game found under this heading is a pretty
boring title called Jackpot Jamba. It’s a standard five-reel and
nine-payline game with an available progressive jackpot to spice
it up a bit. Honestly, it’s an old-looking game without much to
offer in the way of side games and other distractions. Game play
is repetitive, as is to be expected from old-school or “classic”
slot titles.

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3D Slots

A total of twenty-two games in this collection are
the best the site has to offer. Here’s a mini-review of a game
that is a perfect representation of the quality of slots at
BetOnline.

When you play Heist, you take on the role of a burglar
sneaking into a bank vault. It’s a cool theme for a slot, since
it’s not so big that it makes the game play clunky. The title
includes a fun bonus game in which you break into a vault and
get the title’s biggest payouts. Yes, this is a five reel slot,
but BetSoft has really improved the sound and video effects for
their 3D series. In fact, all of the games in BetOnline’s 3D
slots category are well-reviewed – check the forums for
yourself.

Video Poker

For video poker fans, variety is often the name
of the game. Some varieties get a bit old after a few
repetitions, and of course every video poker player has his or
her favorite title. The number of variations hosted at BetOnline
should make just about any machine gambler happy. At the time of
this review, seventeen different video poker titles were
available. Here they are in a nice handy list:

• Five Draw Poker
• All American
• Bonus Deluxe
• Bonus Poker
• Deuces Wild
• Double Bonus
• Double Jackpot
• Jacks or Better
• Joker Poker
• Aces and Faces
• Bonus Deluxe
• Bonus Poker
• Deuces Wild
• Double Bonus
• Double Jackpot
• Jacks or Better
• Joker Poker

I’ll be the first to admit, I was surprised at the quality
and number of titles in this collection. After all, Betsoft is
so much better known for their slot game designs. But don’t let
the sheer number of available titles fool you – there is nothing
to really write home about in terms of BetOnline’s video poker
lineup.

You might wonder how hard it can be to mess up a simple game
of video poker – after all, the game you play in the casino is
pretty much the same game you play on your computer, on a
slightly different screen. But these Betsoft versions look out
of date, with boring effects and dull graphics that give me the
impression of a roadside casino on the way out of Vegas.

You’ll be sure to turn the chintzy sound effects off right
away. Sure, variety is a good thing, but BetOnline should look
into hosting some new video poker games if they want to attract
machine gambling fans.

Poker Room Review

BetOnline poker is probably the largest site that still
accepts US players. That said, they are nowhere near the top ten
in terms of poker room traffic, and it doesn’t look like that’s
going to change anytime soon.

The most ring game action you’ll find at BetOnline is
micro-stakes No Limit Holdem during peak times.

As for tournaments, BetOnline advertises that they pay out
$250,000 in guaranteed tournament cash every week, with the
biggest prizes spread around on weekends. Sit and Gos starting
at pennies on up to $11 run around the clock, mostly in No Limit
Holdem, although at my last visit I saw a few Pot Limit Omaha
games going on as well.

BetOnline Poker Bonuses

BetOnline’s poker room offers a 200% match bonus up to $1,000
on every poker player’s first deposit. Take note that this bonus
releases in five increments. All told, the $1,000 bonus prize
requires $6,523 in rake paid to clear, and players have just 120
days to clear it. Remaining unclaimed bonus money expires after
that time.

Banking Options

• Min Deposit: $50
• Max Deposit: $900
• Min Withdrawal: $50
• Max Withdrawal: $500

• Min Deposit: $1,000
• Max Deposit: No Max
• Min Withdrawal: $500
• Max Withdrawal: $24,500

• Min Deposit: $1,500
• Max Deposit: $15,000
• Min Withdrawal: $500
• Max Withdrawal: $2,500

• Min Deposit: $20
• Max Deposit: $25,000
• Min Withdrawal: $20
• Max Withdrawal: $10,000

• Min Deposit: $20
• Max Deposit: $25,000
• Min Withdrawal: N/A
• Max Withdrawal: N/A

• Min Deposit: $20
• Max Deposit: $25,000
• Min Withdrawal: $20
• Max Withdrawal: $10,000

• Min Deposit: $20
• Max Deposit: $25,000
• Min Withdrawal: $20
• Max Withdrawal: $10,000

• Min Deposit: $20
• Max Deposit: $25,000
• Min Withdrawal: N/A
• Max Withdrawal: N/A

• Min Deposit: $10
• Max Deposit: No Max
• Min Withdrawal: $25
• Max Withdrawal: $9,900

• Min Deposit: $10
• Max Deposit: No Max
• Min Withdrawal: $25
• Max Withdrawal: $9,900

• Min Deposit: $50
• Max Deposit: $5,000
• Min Withdrawal: N/A
• Max Withdrawal: N/A

• Min Deposit: $50
• Max Deposit: $5,000
• Min Withdrawal: N/A
• Max Withdrawal: N/A

• Min Deposit: $500
• Max Deposit: No Max
• Min Withdrawal: $500
• Max Withdrawal: $15,000

• Min Deposit: $300
• Max Deposit: $9,000
• Min Withdrawal: $500
• Max Withdrawal: $9,000

Customer Support

You can contact BetOnline’s customer service at their
toll-free number: 1 (888) 426-3661

The other methods for contacting them involve email:

• General Questions:[email protected]
• Poker Questions:[email protected]
• Casino Questions:[email protected]
• Skill Game Questions:[email protected]

Customer service is available twenty-four hours a day and
seven days a week. I had a three-minute conversation with
someone for the purpose of this review, asking a menial question
about a slot game, and the answer was exactly what I needed. I
didn’t have to wait on hold at all, either, which is a big deal
for me.

What’s Missing at BetOnline?

BetOnline’s mobile site should be fleshed out to include more
casino and skill games. Right now, it exists only for sports
bettors, which is nice but prevents a good chunk of their
customers from participating in mobile services.

It would also be nice if BetOnline would include a live chat
feature. Live chat for customer service is becoming the norm,
and it’s disappointing not to be able to use it to contact
BetOnline’s customer support department.

A final complaint – their video poker collection. Betsoft
games are top-notch, except their video poker offerings. Maybe
BetOnline could use a different software designer for their
video poker titles; otherwise, their lineup looks stuck in the
1970s.

BetOnline FAQ

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Can US players make deposits and play games at BetOnline?

Yes, BetOnline continues to do business with customers from all
over the world, including the USA.

How long do payouts take to process?

This varies depending on the payout method you choose. Some payments take a matter of hours; others require weeks in transit.

What currencies does BetOnline do business in?

Currently, only the US Dollar is accepted for play.

What does the “.ag” mean at the end of BetOnline.ag?

The suffix .ag refers to the countries of Antigua and Barbuda, where BetOnline.ag is hosted.

Who can take advantage of BetOnline’s Monthly High Roller Bonus?

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Any casino gamblers or sports bettors who bet more than $75,000 in a single month are considered high rollers. BetOnline doesn’t go into too many specifics about this bonus. You have to be a member to get the details.

Verdict

If you are a slots fan, or a fan of placing sports bets
online or on a mobile device, you’ll be pleased with the
services available from BetOnline. The site has been running for
more than a decade, and they have a good reputation among online
gamblers. Though the Panama gaming license is something to be
concerned about, so far there are no serious complaints about
BetOnline’s business practices.