Is the MyBookie Crypto Reward Worth it?

14/07/2022 | Categories: Best Online Sportsbooks | Published by: admin

Updated: November 30, 2023

If you’ve been looking for a quality crypto sportsbook online, you might have landed on MyBookie Sportsbook.

MyBookie Crypto Reward Info

Crypto Sportsbook Bonus	Crypto Re-Up Bonus	Crypto Rewards
Crypto Welcome Bonus – First Deposit 100% Bonus up to $1000	5% cash bonus on all Crypto deposits made AFTER your initial Crypto deposit	10% of all Credit Card deposits are credited in the form of Crypto Rewards
Sports Crypto Reload – 35% Deposit Match up to $350

Get the MyBookie Crypto Rewards Get the MyBookie Crypto Rewards

But is the MyBookie Crypto Bonus Reward worth taking?

MyBookie supports crypto payments in its site’s cashier, and there are even certain benefits and rewards set up for crypto players.

In this article, we will share what we found upon researching the specifics of the MyBookie crypto bonus rewards. Believe it or not, crypto rewards involve using credit cards in tandem, and the rewards get released to you as cash to spend on sports wagers.

If you’d like to learn more about how the MyBookie Cryptocurrency Rewards work and what the limitations are, keep reading. We’ll look at the rules, rollover requirements, and redemption steps.

Stick around to the end to learn about the pros and cons of crypto rewards at MyBookie and get answers to some frequently asked questions.

Contents show

What Is the Crypto Reward at MyBookie?

Crypto Sportsbook Bonus	Crypto Re-Up Bonus	Crypto Rewards
Crypto Welcome Bonus – First Deposit 100% Bonus up to $1000	5% cash bonus on all Crypto deposits made AFTER your initial Crypto deposit	10% of all Credit Card deposits are credited in the form of Crypto Rewards
Sports Crypto Reload – 35% Deposit Match up to $350

Get the MyBookie Crypto Rewards Get the MyBookie Crypto Rewards

MyBookie has various benefits and special offers when you play with cryptocurrencies.

Namely, you can opt into the crypto re-up bonus (a 5% cash bonus on any crypto deposit made after your initial crypto deposit).

But aside from this bonus, crypto players at MyBookie are also eligible for Crypto Rewards, which earn you cash rewards on eligible Litecoin, Bitcoin, Bitcoin Cash, and Ethereum transactions.

Here’s what you need to know about these Crypto Rewards:

They accumulate every time you make a credit card deposit
They don’t get unlocked until you reach a certain point
You redeem them once you make the initial crypto deposit into your account
They’re worth 10% of the credit card deposit each time, which gets put in your Crypto rewards balance
You can’t surpass $100 in Crypto rewards balance
There are playthrough requirements applied to these rewards

How To Use Crypto Rewards on MyBookie

Using crypto rewards at MyBookie Sportsbook is a pretty straightforward process.

You automatically accumulate the rewards when you make credit card deposits, and the sportsbook automatically adds them to your rewards balance.

In that sense, there isn’t much you have to do until you’re ready to redeem the rewards.

When it’s time to redeem the rewards, go ahead and make your first cryptocurrency deposit at MyBookie.
It needs to be a deposit of at least $45 for the rewards redemption to work.
After you do that, wait for the deposit to be verified, then your rewards will be released to you in the form of cash to use on sitewide sports wagers.

Get the MyBookie Crypto Rewards Get the MyBookie Crypto Rewards

MyBookie Crypto Bonus Reward Rollover

Like any reward, bonus, or online promotional offer at a sports betting site, MyBookie’s crypto rewards program has terms and conditions to follow.

Specifically, you should know the rollover (playthrough) requirements for using the redeemed rewards cash.
You have a 1x rollover requirement applied when you use your cash rewards on wagers across the sports betting site.

This means that you need to bet the deposit amount times one before you can get your winnings from that cash wager.

For example, MyBookie's minimum crypto deposit for rewards is $45.

$45 x 1 equals $45, meaning you need to wager up to $45 before accessing your winnings from those rewards-funded bets.

Pros And Cons Of The MyBookie Cryptocurrency Rewards

While MyBookie’s crypto rewards program is an enticing offer, it’s essential to consider both the pros and the cons.

After all, when you join the site, there might be a better offer to opt into, or you might find better crypto rewards at a different sportsbook.

Consider the following to assess whether or not the crypto rewards would be worthwhile for your bankroll.

Pros

Relatively low rollover requirement (1x)
This applies to all accepted cryptocurrencies (Litecoin, Bitcoin, Bitcoin Cash, Ripple, and Ethereum)
Crypto rewards are more secure and anonymous than rewards using traditional payments.

Cons

Relatively high crypto deposit minimum attached ($45)
The rewards balance capped at $100
Requires the use of credit cards for the first few deposits (cards often have associated fees)

Conclusion

The MyBookie Crypto Rewards program offers a unique cash reward opportunity for sports bettors paying with Litecoin, Bitcoin, Bitcoin Cash, and Ethereum.

The rewards have relatively low rollover requirements but a surprisingly high crypto deposit minimum.

Additionally, there is a pretty strict limit to the rewards balance.

This might be the right offer if you want an opportunity to win cash rewards that you can use on sitewide wagers.

Consider this offer's benefits and potential downsides before opting into it, though. You might find a better offer elsewhere.

Get the MyBookie Crypto Rewards Get the MyBookie Crypto Rewards

FAQs

Does MyBookie accept crypto?

Yes, MyBookie Sportsbook is one of the leading crypto sports betting sites.

The MyBookie cashier supports transactions for Bitcoin, Bitcoin Cash, Litecoin, and Ethereum cryptocurrencies.

Note that your ability to use different cryptocurrencies at MyBookie depends on your customer level.

How long does MyBookie take to payout Bitcoin?

Bitcoin payouts are fortunately the fastest way to withdraw winnings from the MyBookie Cashier.

It takes just 24-48 hours for MyBookie to deposit the funds into your Bitcoin wallet.

MyBookie also states that the internal review time for BTC payouts is 2 business days max and the processing time is 1 business day max.

How do I make a crypto deposit in MyBookie?

To make a cryptocurrency deposit into your MyBookie account, head to the site’s cashier upon logging in.

From there, select the “deposit” option, select your crypto payment method of choice, and verify the amount you want to deposit.

Then, send your payment from your crypto wallet to MyBookie (using the provided receiving address from the confirmation screen).

Can you send Bitcoin from Coinbase to MyBookie?

Coinbase is a crypto brokerage, and thus, it’s where you’ll mainly be buying your Bitcoin.

Because Coinbase is technically a crypto “exchange”, the company won’t allow you to send money directly from the app to gambling sites.

When it comes to actually sending Bitcoin to MyBookie to fund your sports betting account, you need to use a crypto wallet, such as EDGE, BlockStream Green, etc.