LIFE.BET logo

#1 Crypto gaming website.

PoliciesPolicies

PaymentsPayments

LIFE.BET is a safe multi-currency online cryptobetting platform! Here users can bet on 19 sport types with 50K+ matches and play best online casino games from the leading providers. We provide our users with the most convenient online crypto wallet for online crypto betting and crypto online casino gaming transactions.

Crypto Deposit and Withdrawal FaQ

Which crypto to use for bets on Sport and Casino?

User can deposit and place bets with the following coins:
  • Ripple, XRP
  • Bitcoin, BTC
  • Tron, TRX
  • Tether Tron, USDT Trc20
  • Dogecoin, DOGE
  • Litecoin, LTC

How to make a crypto deposit?

Currently, It is allowed to make deposits in the following currencies: XRP, TRX, USDT Trc20, DOGE, LTC, BTC and ETH.
All registered and fully verified User Accounts will get a personal multi-currency crypto wallet, where they can find personal addresses and their QR codes for each cryptocurrency that Website supports. And any funds transferred to those addresses will be considered as a deposit and added to the Member's play balance.

What are the minimum deposit limits for cryptocurrencies?

Any deposits below specified amounts will be void:
All amounts specified here are per single transaction. Multiple smaller deposits will not be summed.
  • 20 - XRP - Ripple
  • 50 - TRX - Tron
  • 25 - USDT Trc20 - Tether Tron
  • 50 - DOGE - Dogecoin
  • 0.1 - LTC - Litecoin
  • 0.001 - BTC - Bitcoin

How to withdraw crypto?

To make a withdrawal, a user first needs to provide and save a valid withdrawal address and verify registered mobile and/or email address in the Wallet. Then, It is necessary to select the currency, indicate desired withdrawal amount (which should meet withdrawal limits), check current withdrawal limits for the selected currency, and send a withdrawal request.
In order to provide users wallets with extra security - any further changes of already verified withdrawal address will require mobile and/or email verifications.
To withdraw any funds, we require there to be at least 5 blockchain confirmations of the last deposit before a withdrawal can be requested.

What are the minimum withdrawal limits?

Default required minimum withdrawal amounts are as follows:
  • 20 - XRP - Ripple
  • 100 - TRX - Tron
  • 50 - USDT Trc20 - Tether Tron
  • 100 - DOGE - Dogecoin
  • 0.2 - LTC - Litecoin
  • 0.002 - BTC - Bitcoin

What are the maximum Withdrawal Limits?

  • Max. equivalent of $10,000 per withdrawal transaction
  • Max. equivalent of $50,000 withdrawals in total for all crypto currencies in a 24h time period
All the amounts specified here are to be used for a single transaction. The limits may change, please always check the active limits within your Wallet.

Is there a deposit and withdrawal fee?

For crypto deposits, each cryptocurrency has its own transaction fees calculating algorithms, which Users can always check in their personal wallets. For withdrawals {{app_name}} covers the network fee for XRP, TRX, DOGE, LTC.
Currently we do not cover withdrawal network fees for BTC, ETH, USDT.
The fee policies may change, please always check the active rules within your Wallet.

How long does it take to make a crypto withdrawal?

All cryptocurrency withdrawal requests are being confirmed and processed almost immediately, except cases of technical maintenance of the payment service provider side or KYC and security check. In those cases processing time can take from 30minutes to 5 hours, depending on the reason.

What happens If a user mistakenly receives a winning prize?

If a user Account was mistakenly credited with winnings that do not belong to him/her, be it due to a technical error in the pay-tables, or human error or otherwise, the amount will remain the Website property and will be deducted from the user Account. If the user has withdrawn funds that do not belong to him/her prior to us becoming aware of the error, the mistakenly paid amount will (without prejudice to other remedies and actions that may be available at law) constitute a debt owed by the user to us. In the event of an incorrect crediting,the user is obliged to notify us immediately.
Before placing a crypto bet it is important to understand what crypto is and why it became so popular as a payment option for gaming activities.

What crypto wallets to choose for deposits and withdrawals?

Users can deposit from and withdraw to any crypto wallet or address that they own, be that a wallet application or cryptocurrency exchange like Binance, Kraken etc.
We recommend using personal crypto wallets like Trust Wallet, Exodus etc. or cold wallets (hard wallets) like the Ledger or Trezor to make deposits, to use exchanges for deposits we recommend choosing Binance.
We reserve the right to use additional procedures and means to verify users identity or source of funds when processing deposits into a User Account.

What are the benefits of crypto?

  • Fast transactions - most transactions at different financial institutions settle in 3-5 days, crypto transactions can be completed in a matter of minutes. Once the transaction is confirmed by the network, it’s fully settled and the funds are available to use.
  • Anonymity - users don't have to register an account at a financial institution to transact with cryptocurrency. Transactions are pseudonymous, which means users have an identifier on the blockchain -- their wallet address -- but it doesn't include any specific information.
  • Lower transaction fees - the cost of transacting in cryptocurrency is relatively low compared to other financial services. For example, it's not uncommon for a wire transfer to cost from $0.1 to $10. Sending money internationally can be even more expensive.

What is a blockchain?

Blockchain is a decentralized environment where transactions in a cryptocurrency are validated almost instantaneously by a network of computers and cryptographically stored in a shared database. Simply put, it is an electronic cash system that allows online payments to be sent directly from one party to another - without going through a financial institution.

What is a Cryptocurrency?

Cryptocurrency is called any digital currency, an alternative form of payment created using encryption algorithms. Unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a cryptocurrency. Instead, these tasks are broadly distributed among a cryptocurrency’s users via the internet. Today the most popular cryptocurrencies are: Bitcoin, Ethereum, Litecoin, Dogecoin etc.

What is a crypto wallet?

To use cryptocurrencies, you need a cryptocurrency wallet. These wallets can be software that is a cloud-based service or is stored on your computer or on your mobile device. Crypto wallets keep your private keys – the passwords that give you access to your cryptocurrencies – safe and accessible, allowing you to send and receive cryptocurrencies. They come in many forms, from hardware wallets like Ledger (which looks like a USB stick) to mobile apps, which make using crypto as easy as shopping with a credit card online.