You can now use Venmo to transfer cryptocurrencies quickly and securely to and from your JustBet account.
To get started, simply download the Venmo app from Google Play or the App Store and fill out your personal information to create your account.
*The first time you send or receive crypto using Venmo you will be asked to verify your identity by taking photos of your ID and your face. This only needs to be done once.
LINKING YOUR PAYMENT METHOD TO VENMO
Once your account is set up, the next step is to link a bank or card by following these steps:
- From the home screen, tap your account "Me" icon in the bottom right
- On the next screen, scroll down to "Add a bank or card"
- Select either Bank, Card or Amex Send
- Follow the steps to link your preferred payment method
- NOTE: there are no added fees for using bank transfer or American Express, however other card types incur a 3% fee each time you send funds
- With your card or bank account now linked you can proceed with buying crypto.
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BUYING CRYPTO
NOTE: You do NOT need to move funds from your bank/card into your Venmo wallet. When you purchase crypto, the funds will be drawn directly from your linked bank account or card.
- From the home screen, tap the "Crypto" icon on the bottom menu
- Tap the "Buy" button on the next screen (if this is the first time you are buying crypto you will be asked to agree to T&Cs)
- Select the type of crypto you want to buy
- Enter the amount and tap "Review"
- Select the payment method and finally tap "Buy Bitcoin" (or other type of crypto)
DEPOSITING TO YOUR JUSTBET ACCOUNT
Now that you have crypto available in Venmo, you are ready to move funds over to your JustBet account.
First, log in to your JustBet account and follow these steps:
- Open the Cashier
- Select Deposit
- Select the type of cryptocurrency (remember this must match a cryptocurrency you have available on PayPal)
- Enter the amount to deposit (this must be the exact amount you want to deposit)
- Claim a bonus (optional)
- Hit GET ADDRESS
- Copy this address then return to your Venmo app
Next, from the Venmo app, follow these steps:
- From the home screen, tap the "Crypto" icon
- Tap the type of crypto you will be sending (under "Your crypto" in the middle of your screen)
- Tap the Transfer icon (two arrows) in the bottom right (the first time you send crypto you will be asked to confirm your personal information)
- Select "Send"
- Paste the address you copied earlier from the JustBet cashier
- You also have the option to scan the address using the Venmo scanner if you are able to open JustBet on a separate device such as your laptop
- Tap the address
- Enter the amount and hit "Review Transfer"
IMPORTANT! Before completing the transaction, make sure the address and type of crypto you are sending match each other. In the case of a mismatch, funds will be permanently lost.
WITHDRAWING FROM YOUR JUSTBET ACCOUNT
IMPORTANT! Before completing the transaction, make sure the address and type of crypto you are sending match each other. In the case of a mismatch, funds will be permanently lost.
Making a withdrawal from JustBet to Venmo is quick and easy.
Starting on your Venmo app, take these steps:
- From the home screen, tap the "Crypto" icon
- Tap the type of crypto you want to receive (under "Your crypto" in the middle of your screen)
- Tap the Transfer icon (two arrows) in the bottom right
- Select "Receive"
- Copy your personal crypto address
Now, go to your JustBet account and:
- Open the Cashier
- Select Withdraw
- Choose Bitcoin
- Choose the amount
- Paste the Bitcoin address you had copied from your Cash App
- Hit Verify Withdraw
- Request the code to your mobile phone to confirm the payout
It normally takes only 2-3 hours for your withdrawal to be sent, but may take up to 48 hours in some rare cases.