After finding out everything you need to know about deposits, let’s talk you through the process of crypto withdrawals. Here at Bombastic we want to make sure you feel confident at every step.
How Withdrawal Works
Withdrawals are the funds deposited into your real balance account once you win by playing casino games or betting on sports. If you have some winnings in your Bombastic account, you can transfer the funds to your preferred external crypto wallet or exchange in just a few minutes. All you need to do is head to the wallet section, click on the withdraw tab and choose the withdrawal method. After that, enter the withdrawal amount and the wallet address where you want the funds to be sent.
How to Make My First Crypto Withdrawal
Withdrawing your winnings with us is a hassle-free and secure journey. Through this guide, you will find out everything you need to know about how to safely withdraw crypto.
Step 1: Navigate to the Wallet Section
When you log in to your account, head to the wallet section by clicking on the deposit button. You can find the deposit button at the top-right corner of the homepage.
The wallet section has three tabs - deposit, withdraw, and buy crypto. This central hub is where you'll manage your financial transactions. Click on the “Withdraw” tab to proceed.
Step 2: Choose Your Preferred Crypto
Bombastic supports a variety of cryptos, including bitcoin, Ethereum, Dogecoin, Cardano, USDC, USDT (Tether and Tron), Litecoin, Bitcoin Cash, Ripple and Binance Coin. Browse through the available options and select the relevant crypto. We recommend you pick the crypto that was used to make the deposit.
Step 3: Verify Your Account (if required)
For security purposes, we may require account verification before processing withdrawals. Ensure your account details, including personal information and identification documents, are up-to-date. Follow any provided instructions for verification.
Step 4: Enter Your Wallet Address
Enter the wallet address where you want to receive your funds Make sure you double-check the address to avoid sending funds to the wrong recipient. If possible, copy the address from your crypto wallet and paste it in the Bombastic’s wallet address field.
Step 5: Select Withdrawal Amount
Enter the amount you wish to withdraw. Keep an eye on any minimum and maximum withdrawal limits, ensuring your requested amount falls within these parameters for a smooth transaction.
Step 6: Review Transaction Details
Before confirming, carefully review the details of your withdrawal, such as the withdrawal amount and recipient address.
Step 7: Confirm Withdrawal
Once satisfied with your withdrawal details, click the Confirm or Withdraw button. Some additional security measures, like two-factor authentication, may be required to safeguard your funds and account.
Step 8: Monitor Transaction Status
Track the progress of your withdrawal in the Transaction History section. While here at Bombastic we strive for prompt processing, factors such as network congestion can influence transaction times. Stay informed and patient during this stage.
Step 8: Check Transaction Fees
Be mindful of any associated transaction fees, which we aim to keep transparent. Detailed information about fees can typically be found within the withdrawal section.
Step 9: Enjoy Your Winnings!
Once your withdrawal is processed, you'll have access to your funds in your chosen crypto wallet.
Other Ways to Withdraw
Besides withdrawing your funds to an external crypto wallet, you can withdraw to crypto exchanges, which also act as crypto wallets. The most reliable ones include:
Binance
To withdraw with Binace, follow these simple steps:
Log in to your Bombastic account
Head to the wallet section. You can visit this section by clicking on the deposit button at the top-right corner of the homepage.
In the wallet section, click on the withdraw tab
Select the cryptocurrency you would like to withdraw
Fill in your wallet address and the withdrawal amount
Find the wallet address mentioned in step 5 in your Binance account. To get this address, click on the “Deposit” button and select the cryptocurrency you want to deposit. Make sure the cryptocurrency you choose in Binance is similar to the one chosen on Bombastic.
Go back to Bombastic and paste the address from Binance
Confirm the transaction. Click on the “Withdraw’ button on Bombastic to authorize the transaction.
The process of transferring funds from Bombastic to ByBit is straightforward. Just follow these steps and enjoy your well-deserved winnings:
Log in to your Bombastic account
Visit the wallet section. In the wallet section, click on the “Withdraw” button
Pick the cryptocurrency you want to withdraw. For example, if you want Bitcoin Cash, choose BCH from the list.
Head to your ByBit account and copy the address. To do that, click on the “Deposit” button and select the cryptocurrency that is similar to the one selected on bombastic.
Make sure the networks are compatible. In other words, ensure the blockchain network used by the cryptocurrency on the two platforms are similar .
Complete the transaction. Head back to Bombastic and paste the address from ByBit. After that, enter the withdrawal amount and click on the “Withdraw” button to complete the transaction.
Monitor your transaction using a blockchain explorer
One-Click Buy is a feature on ByBit exchange that lets users buy and sell cryptocurrencies using fiat currencies with just one click. In other words, users on the ByBit platform dont have to find the best crypto buyer. Instead, ByBit will do the heavy lifting on your behalf.
You can use the One-Click Buy feature using these steps:
On the ByBit homepage, click on the “Buy Crypto” button and then select “One-Click Buy.”
Click on the “Sell” button and then enter the amount. You will also need to select the payment method.
Another great thing is that ByBit allows users to convert their cryptocurrencies to fiat currencies in a simple and secure way. You can learn more about how to offramp crypto to fiat using ByBit’s P2P trading here.
Crypto Withdrawal Methods on Bombastic
When it comes to withdrawing your winnings, the best method for you will depend on your individual preferences. However, some of the most popular and effective options include:
Bitcoin (BTC): Bitcoin withdrawals are typically processed very quickly, often within one hour. Additionally, bitcoin transactions are irreversible, providing an added layer of security.
Ethereum (ETH): Similar to bitcoin, Ethereum withdrawals are also known for their speed and security. However, they may have slightly higher fees compared to bitcoin.
Litecoin (LTC): Litecoin is a faster and more affordable alternative to bitcoin. Withdrawals to Litecoin wallets typically take around 10-30 minutes, and fees are generally lower compared to bitcoin or Ethereum.
Bitcoin Cash (BCH): Bitcoin Cash is another fast and secure option for withdrawals. It offers slightly lower fees compared to bitcoin but may not be as widely accepted by all crypto exchanges.
Tether USDT– Tether is pegged to the US dollar, making it the largest stablecoin by market cap. So, if you win 1 USDT on Bombastic, the amount will always equal 1 US dollar. Tether’s transaction fees are also on the lower side, ranging from $0.1-$1.5. While the transaction speed depends on the network used to transfer USDT, it usually takes seconds to a few minutes.
Dogecoin – Dogecoin is a relatively fast payment method known for processing 33 transactions per second, faster than Bitcoin, which processes 7 transactions. The transaction fees depend on many factors, such as the transaction size and network congestion, but can range from 0.01-1 DOGE.
Cardano – Cardano processes 1000 transactions per second, making it a good option for withdrawing funds from your Bombastic account. While Cardano’s transaction fees depend on several factors, they can be as low as 0.1ADA.
Litecoin – Litecoin has a block time of 2.5 minutes, making it a faster payment method than Bitcoin, which has a block time of 10 minutes. On the other hand, the transaction fees depend on factors such as transaction size, but can be as low as 0.0001LTC.
Ripple – Ripple has a transaction speed of 3-5 seconds, making it a popular choice for making casino withdrawals. The transaction fees are also very low, starting at 0.00001XRP.
Tron – Tron processes 2000 transactions per second, which is higher than most cryptocurrencies. The transaction fees are negligible and can be as low as 0.1 TRX or even zero.
Binance Coin – Binance’s transaction fees depend on factors like network congestion but can range from a few minutes to hours. The fees also vary depending on the coin you are depositing.
USDC – USDC is another stablecoin whose value is pegged to the US dollar. The transaction times depend on the network used and can be seconds to a few minutes. The fees also depend on the network but are usually under $1.
Now, let’s talk about crypto wallets, one of the most popular and direct withdrawal methods. These wallets, whether software-based (online or offline) or hardware wallets, allow users to receive their funds directly. The advantage lies in the speed of transactions, often processed within minutes, and the control users maintain over their private keys.
Crypto wallets can offer various security features to protect your funds, such as two-factor authentication and encryption. The transactions tend to offer a higher level of privacy compared to traditional banking systems and they allow you to send and receive crypto internationally without the need for intermediaries.
What Potential Withdrawal Restrictions Are There?
While we generally offer a smooth and convenient withdrawal process, there are some potential restrictions that users should be aware of. These restrictions are designed to protect us and our players.
Verification Requirements
To safeguard against potential fraud and protect players' funds, here at Bombastic we require users to complete identity verification before they can withdraw any winnings. This typically involves providing proof of identification (e.g. passport, driver's license) and proof of address (e.g. utility bill, bank statement).
Minimum and Maximum Withdrawal Limits
We have set minimum and maximum withdrawal limits to ensure that transactions are processed efficiently. The minimum withdrawal limit is usually set to a small amount to prevent excessive processing costs for low-value withdrawals. The maximum withdrawal limit may vary depending on the player's account history, verification status, and the specific withdrawal method chosen.
Here are the withdrawal limits for various payment methods:
Withdrawal Frequency Restrictions
We may impose withdrawal frequency restrictions. These restrictions may limit the number of withdrawals allowed per day or week, or they may require players to wait a certain period between withdrawals.
Bombastic may impose withdrawal frequency restrictions, affecting the number of withdrawals you can make per day or week. The restrictions may also require you to wait a certain period of time before making a withdrawal.
Currently, our monthly withdrawal limit is €10,000 (or currency equivalent). However, Bombastic may make exceptions for players at higher VIP levels.
It’s important to note that funds deposited into your Bombastic account are subject to 1X wagering requirements. This means that funds will be available for withdrawal once you wager the same amount as you deposited. Please note that, in some cases, Bombastic may deduct a fee to prevent crime.
Our bonuses and promotions, including the welcome bonus of 30,000 USDT+100 free spins, also have withdrawal conditions. Please see the bonus terms and conditions for withdrawal conditions, including any winnings earned using the first deposit bonus.
It's essential for players to thoroughly review our Terms and Conditions to understand the specific withdrawal restrictions that apply to their accounts. Remember, staying informed about these restrictions contributes to a mutually positive and transparent relationship.
Failed or Delayed Transactions
Although we aim to process withdrawals within the shortest time possible, some transactions may fail or delay due to several reasons. Entering the wrong wallet address is one of the grave mistakes that we always advise our customers to avoid. If you enter the wrong address, you may lose your funds permanently. To this end, it's important you use the copy and paste option when entering the address.
Network congestion and large transactions could also result in delayed transactions. Generally, if the network is not congested, transactions will be confirmed quickly. Failed or delayed transactions could also be as a result incomplete data, wrong blockchain, and KYC verification.
Why i am not able to withdraw the winnings
There are a number of reasons why you’re unable to withdraw your winnings. Possible causes could be:
Incomplete bonus wagering requirements - Ensure you fulfill all the bonus wagering requirements before requesting a withdrawal.
Account verification - We require our customers to verify their account before they can make their first withdrawal. Make sure you verify your account in the profile section.
Deposit and wagering - If you withdraw your deposit without wagering it at least 1X, the transaction won't go through.
Inadequate funds - If the available balance is below the minimum required, you won't be able to withdraw.
If you have any questions regarding withdrawals, you can seek help from our helpful support agents. For urgent queries, you can contact our agents via live chat. If you have a technique issue, you can drop an email at support@bombastic.com and payments@bombastic.com.
Bitcoin Withdrawal FAQs
What is the withdrawal fee?
When you make a withdrawal, you'll need to pay a flat fee to cover the transaction costs of moving the crypto out of your account. The withdrawal rates are determined by the blockchain network and may fluctuate without notice, influenced by factors like network congestion. Make sure to review the latest information provided for each currency.
What to do if I don’t have a crypto wallet?
If you don’t have a crypto wallet yet, we offer you the opportunity to purchase crypto directly on our platform using our reliable methods.
Can I trust Bombastic with my crypto?
You can absolutely trust us with your crypto. We are a crypto casino licensed by iTech Labs. They ensure that all our games are RNG tested and that our community can trust us.
.png?format=auto)
