Introduction
Using crypto on Gamblr is designed to be straightforward, but like any financial system, precision matters. The key is understanding how funds move between your wallet, the platform, and, if needed back to your bank account.
If you’re new to crypto wallets, we recommend starting with our complete wallet setup guide. It walks through everything from creating a wallet to securing your funds properly. If you still need to purchase crypto, this guide on how to buy Ethereum and other assets provides a clear starting point.
One important principle sits at the centre of everything: treat your wallet as the bridge. While exchanges like Kraken or OKX are useful for converting crypto to cash, it’s best practice not to send funds directly between an exchange and Gamblr.
Why You Should Use a Wallet
Exchanges are built for buying, selling, and off-ramping crypto. Wallets are built for holding and interacting.
- Use exchanges (Kraken, OKX, Binance) to move funds to and from your bank
- Use a wallet (such as Phantom) to interact with Gamblr
- There is risk attached to sending funds directly from an exchange to Gamblr or vice versa
This structure gives you more control, fewer restrictions, and a smoother experience overall.
Gas Fees: What You Need to Know
Gas fees are the small transaction costs required to use a blockchain network.
Think of them as the network’s operating currency. Every time you send, deposit, or withdraw funds, you pay a fee in that network’s native token.
For example:
- On Ethereum, fees are paid in ETH
- On Solana, fees are paid in SOL
Before making any transaction, ensure your wallet holds at least $10 worth of the native currency. This ensures your transaction can be processed without issues.
For Gamblr, we recommend using Ethereum. Your wallet should always contain a small amount of ETH. Without it, you will not be able to move your funds.
Key distinction:
- USDT / USDC = your balance
- ETH = the fuel required to move that balance
How to Deposit on Gamblr
Step 1: Select Your Currency
Head to the deposit section and choose your currency. We recommend using USDT or USDC on Ethereum (ERC-20).
These are stablecoins, effectively the digital equivalent of USD, and offer consistency without price volatility.
Step 2: Copy Your Deposit Address
Gamblr will generate a unique wallet address for your deposit. Copy this carefully.
Ensure:
- The currency matches (USDT or USDC)
- The network is correct (Ethereum ERC-20)
Step 3: Send from Your Wallet
Open your wallet (e.g. Phantom), paste the address, and send your funds.
Once confirmed on the blockchain, your balance will appear in your Gamblr account.
Please ensure you check this address every time you deposit. Click the small note on the right to deposit and double check the currency and network.
How to Withdraw from Gamblr
Step 1: Open Your Wallet
Go into your Phantom wallet and select Receive.
Choose the same asset you are withdrawing (USDT or USDC on Ethereum).
Step 2: Copy Your Wallet Address
This is where your funds will be sent. Copy the address exactly.
Step 3: Enter Details on Gamblr
In the withdrawal section:
- Select the correct currency
- Select Ethereum (ERC-20)
- Paste your wallet address
- Enter your amount
Once processed, the funds will appear in your wallet.
Moving Funds Back to Your Bank
If you want to convert your crypto into fiat:
- Send funds from your wallet to an exchange (Kraken or OKX)
- Sell your crypto for fiat
- Withdraw to your bank account
If you’re unsure how to move funds from your wallet to an exchange, this step-by-step guide to sending tokens to an exchange covers the process clearly.
This extra step ensures cleaner transactions and avoids common issues tied to direct exchange interactions.
Using An Exchange Directly
Although we advise to use a Phantom wallet you can also directly buy Crypto using an exchange and send it to Gamblr. This does come with a slight risk that they may not allow the transfer or when you withdraw that they will prevent the reception of the money. This decision is down to your individual preference however there are risks attached.
Closing Notes
Once set up correctly, deposits and withdrawals on Gamblr become routine. The structure is simple: exchange for entry and exit, wallet for everything in between.
For those stepping into crypto betting for the first time, taking a moment to get this right pays off long term, both in speed and reliability.
Gamblr offers a matched deposit of up to $5000 for new users. You can view the latest offers here.