Last updated: 07.02.2024

A Guide to Your Crypto Withdrawals at Bombastic

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 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 Cashier Section

Log in to your Bombastic account and locate the Cashier or Withdrawals section. This central hub is where you'll manage your financial transactions.

Step 2: Choose Your Preferred Crypto

Bombastic supports a variety of cryptos, including bitcoin, Ethereum, Dogecoin, Cardano, USDC, USDT (Tether), Litecoin, Bitcoin Cash, Ripple, Binance Coin, and Tron. Browse through the available options and select the relevant crypto.

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: 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 5: Review Transaction Details

Before confirming, carefully review the details of your withdrawal, such as the withdrawal amount and recipient address.

Step 6: 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 7: 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.

Best Crypto Withdrawal Methods

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.

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.

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.

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.

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.