Is the MyBookie Crypto Reward Worth it?
Updated: August 19, 2022
Chances are, if you’ve been looking for a quality crypto sportsbook online, you might have landed on MyBookie Sportsbook.
But is the Crypto Reward at Mybookie worth taking?
In this article, we’re going to share what we found upon researching the specifics of the MyBookie crypto rewards.
Believe it or not, crypto rewards involve the use of credit cards in tandem, and the rewards get released to you as cash to spend on sports wagers.
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.
What Is the Crypto Reward at MyBookie?
MyBookie has various benefits and special offers when you play with cryptocurrencies.
Namely, you get to opt into the crypto re-up bonus (a 5% cash bonus on any crypto deposit made after your initial crypto deposit).
Here’s what you need to know about these 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 Reward 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.
Watch How to deposit Bitcoin into MyBookie
MyBookie Crypto Reward Rollover
As with any kind of 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 be aware of the rollover (playthrough) requirements attached to 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 basically means that you need to bet the deposit amount times one before you can get your winnings from that cash wager.
For example, at MyBookie, the minimum crypto deposit for rewards is $45. $45 x 1 is equal to $45, meaning you need to wager up to $45 before you can access 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 important to consider both the pros and the cons.
After all, there might be a better offer to opt into when you join the site, 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.
- Relatively low rollover requirement (1x)
- Applies to all accepted cryptocurrencies (Litecoin, Bitcoin, Bitcoin Cash, and Ethereum)
- Crypto rewards are more secure and anonymous than rewards using traditional payments
- Relatively high crypto deposit minimum attached ($45)
- Rewards balance capped at $100
- Requires the use of credit cards for the first few deposits (cards often have associated fees)
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.
If you want an opportunity to win cash rewards that you can use on sitewide wagers, this might be the right offer for you.
Consider all of the benefits and potential downsides to this offer before opting into it, though. You might find a better offer elsewhere.
Does MyBookie accept crypto?
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.
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