With Coinbase you can do everything from one place. Coinbase is truly al all-inclusive wallet that allows you to buy/sell crypto, and move funds directly to your bank account.
Creating your COINBASE Account
To open a Coinbase account, simply head to https://www.coinbase.com, hit Get Started and fill out your personal details. When you complete this step, Verification Codes will be sent to the email you have registered and to your mobile.
This website will ask what you will use Coinbase for and your source of funds. This information is only for Coinbase to track users, so regardless of what you answer, your experience will be the same.
Once your account is verified, you will be shown the option for adding a payment method.
If by any chance, you do not see this screen, you can scroll down to the bottom of the page and you’ll see ‘Add a payment method’
We recommend using Debit Card to buy Bitcoin since this is the fastest method. First, we need to Add or Register your Card.
- Hit Debit Card
- Enter your Billing Address
- Enter the Card Details
- Hit Add Card
With your card now linked or registered to Coinbase:
- Go to the Trade section on the top right corner.
- Hit Buy (If it is the first time you are buying Bitcoin on Coinbase, you’ll be asked to verify your ID first). To do this:
- Hit Submit ID + Photo Verification
- Choose your ID type and upload a photo of your ID
- Upload a selfie or photo of yourself.
- It should take just 2-3 minutes for your ID to verified by Coinbase.
- With your ID now verified, choose the type of crypto you are buying (i.e. Bitcoin)
- Enter the amount in USD you want to spend on the purchase
- Hit Buy Bitcoin Then Preview purchase.
- Hit Buy Now
Depositing to you Sportsbook Account
Now that you have Bitcoin available in your Coinbase account, go to your preferred Sportsbook account website, log in and follow the following steps:
- Open the Cashier
- Select Deposit
- Select Bitcoin
- Enter the amount to deposit (must be the exact amount you want to deposit)
- Click on Request Address
- You will now need to copy this address. Please DO NOT type the address by hand. Always use the copy-paste feature!
Next return to your Coinbase account, open the Send button, paste the Bitcoin address you copied from sportsbook account Cashier and hit Send.
Your deposit will be posted to the blockchain and it usually takes 10-60 minutes to be confirmed.
You can check the status of any transaction by going to the blockchain website and entering your deposit’s address: https://www.blockchain.com/explorer.
Withdrawing from your Sportsbook Account
To request a payout to your Coinbase account you need to request an address first so we can send the money. So, on Coinbase, follow these steps:
- Hit the Portfolio button at the top of your screen, or scroll down to the Your Portfolio section.
- Select the type of crypto (i.e., Bitcoin) you want to withdraw
- Hit the Receive button (if it’s the first time you are buying Bitcoin on Coinbase, you’ll be asked to verify your account first)
- Copy your Bitcoin address.
Now go to your Sportsbook account and:
- Open the
- Choose the
- Paste the Bitcoin address you had copied from your Coinbase account.
- Hit Verify Withdraw.
- Request the code to your mobile phone to confirm the payout.
It normally takes only 2-3 hours for your withdrawal to be sent, but may take up to 48 hours in some rare cases.
We highly recommend withdrawing your Bitcoin out of your Coinbase Wallet as soon as you receive it. This way, you protect yourself against any possible drop in the value of Bitcoin.
Trade your Bitcoin to USD in Coinbase
As soon as your bitcoin hits your Coinbase account, please follow these steps:
- Hit Trade
- Enter the amount to sell
- Select Sell Bitcoin
- Hit Preview Sell and confirm everything is correct
- Select Sell Now to convert the Bitcoin to USD
- Select View Accounts and choose your United States Dollar (USD) bankroll
- Hit Withdraw
- Next, you need to choose where you want to withdraw to, wither bank Account or PayPal (If you have not done so yet, you’ll need to link your bank or PayPal account first)
- Preview to make sure all details are correct then hit Confirm Withdraw
It should take 1-2 business days for the funds to arrive in your bank account. If you are using PayPal, the withdrawal should be processed in a few minutes.
You can check the Coinbase website for more details about the exact time frames.
Sportsbook Company’s interest is to send your funds as soon as you need it. If you have any problems with any withdrawal request, please contact the customer service representatives to receive assistance.