USD Coin (USDC) Payments

Everything you need to know about using USD Coin (USDC) with Sportmarket

Written by Viktor V
Updated over a week ago

Here you can find the main points and instructions on how to make a deposit in USD Coin (USDC) with Sportmarket.

We currently support the ERC20 (ETH) USDC Network

The first step is to contact our Support Team and state that you wish to enable USDC payments. You will then receive the necessary information and T&Cs, as stated below:

  • Your account will be flagged as "Crypto only", meaning, all transactions can be accepted solely in the cryptocurrency of your choice (in this case USDC - USDC in, USDC out).

  • As Sportmarket accounts can be held only in EUR, the conversion of the deposited USDC will be done according to the Kraken conversion rate at the moment of a block transfer.

  • The minimum deposit/withdrawal (unless the total balance) is EUR 50 in USDC value.

  • All deposits and the first withdrawal in a month are free of charge. Any upcoming withdrawals in the same month will be subject to a 2% fee (minimum EUR 5). Deviations from the previous are possible at our finance department's discretion if there is no sufficient turnover.

  • USDC withdrawal can be exclusively issued to a single address previously determined during the deposit (back to the wallet from which the payment was initiated).

  • Enclosed additional documentation is mandatory for verification of the Crypto account.

  • The user transfer option will be disabled if you opt for this payment option.

Thereafter, you can let your support agent know whether you accept the above terms and they will proceed with the crypto payment activation for your account.

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