Featuring 12 different languages and a solid selection of CSGO-themed gambling games, CSGO500 has established itself as a reference in the skin gambling industry. Naturally, players seek to cash out their winnings after a profitable session. Read on to understand how the CSGO500 withdrawal system works and how to cash out from your account balance.
CSGO500 Background & Stats
CSGO500 was one of the world’s first skin gambling sites, created as part of the pioneering platforms that premiered after the 7-day Trade Lock. Gamblers seeking the perfect combination of quality and quantity will find a haven on CSGO500.
The platform offers two different sections with dozens of options – Casino and Sportsbook. The Casino section allows players to indulge in Crash, Fortune Wheel, Roulette, Duels, and Plinko. The Sportsbook section is the right place for punters who want to profit from the results of eSports and sports matches.
This online casino and betting platform operates under multiple addresses, including 500play.com, csgo500.com, and csgo500.is. All these domains will redirect players to the same website, but inexperienced gamblers may be doubtful at first sight.
CSGO500 Withdrawal Methods – In Detail
CSGO500 is well-known for offering a broad range of withdrawal options, especially compared to many sites that support only skin withdrawals. The first and most sought-after means of withdrawal are CSGO skins, but the site is famous for hosting a huge catalog of cryptocurrencies.
CSGO500 has two types of “currency” users can have on their balances – BUX, and cryptocurrency. BUX is the website’s virtual currency, which can be obtained with the exchange of skins or crypto.
It is not possible to wager skins on games directly, so skin deposits must necessarily be exchanged to BUX. When it is time to withdraw the funds on balance, players must convert the amount of BUX in balance to skins of an equivalent value.
Similar to deposits, CSGO500 also allows users to exchange BUX for cryptocurrencies or CSGO skins. However, transactions counted and settled in BUX are much more efficient, as the website’s converting system does not work as efficiently as it should.
Although such occurrences tend to be rare, some users complain about errors and inconsistencies associated with simple withdrawal procedures, including mismatching conversion rates, etc.
Each $1 worth of cryptocurrencies or skins is equivalent to 1000 BUX, so players must pay attention to the conversion rate.
How to Withdraw on CSGO500 – CSGO Skins
Even though several outdated reviews state CSGO500 accepts skins from Dota 2 and other games, the only skins supported for deposits and withdrawals on the site are skins from CSGO. The whole transaction happens through the platform’s P2P system.
When withdrawing in the form of CSGO skins, users need to exchange the amount in the balance for skins. Unlike many skin gambling sites, players do not necessarily need to deposit skins to cash out skins on the other side.
The process is simple and only requires a few steps. Basically, users scroll down the list of CSGO skins listed by players and select the ones available according to the amount held on their respective balances.
How to Withdraw on CSGO500 – Cryptocurrencies
The other alternative to cash out funds on CSGO500 is through cryptocurrencies. Since the dawn of the CSGO gambling industry, the website became famous for being a hub for die-hard crypto fans and gamblers from restricted locations who prefer crypto-based transactions.
The list of digital assets available for withdrawals includes:
- Bitcoin (BTC)
- Ethereum (ERC20)
- Litecoin (LTC)
- BNB (BEP20)
- Tether (USDT)
- USD Coin (USDC)
- Tron (TRC20)
- Bitcoin Cash (BCH)
- Ripple (XRP)
- Stellar (XLM)
- EOS (EOS)
- Solana (SOL)
- DogeCoin (DOGE)
- Avalanche (AVAX C-Chain)
- Polygon (MATIC)
- Cardano (ADA)
Players have the option to exchange the amount of BUX held on balance for their cryptocurrency of preference or withdraw the cryptocurrencies they actually have on their respective balances. It is essential to understand the particularities of CSGO500’s payment system.
Frequently Asked Questions – F.A.Q.
In the following topics, you will find concise answers to the most frequent questions about CSGO500’s withdrawal system.
Can I Withdraw Skins After Depositing Cryptocurrency on CSGO500?
Yes, it is perfectly possible to convert the amount of BUX or crypto in your balance to CSGO skins through CSGO500’s P2P marketplace.
Is it Possible to Cash out On CSGO500 through Bank Transfers, PayPal, and Others?
As of 2023, the only payment methods available for withdrawals on CSGO500 are CSGO skins and the cryptocurrency options supported by the website.