The basic path: Roobet to your bank takes 3 to 5 business days

Roobet is a cryptocurrency casino platform. To move money from your Roobet account to a traditional bank account, you first convert your balance to cryptocurrency (usually Bitcoin or Ethereum), withdraw that crypto to a personal crypto wallet you control, then sell it on a crypto exchange and transfer the proceeds to your bank. Roobet itself does not send money directly to banks—the platform only handles crypto.

The timing depends on which step you're in. Moving crypto from Roobet to your wallet is usually when ready or takes a few minutes. Selling that crypto on an exchange takes seconds. The bank transfer itself—from the exchange to your account—typically takes 3 to 5 business days, though some exchanges offer faster options for a fee.

You will need a crypto wallet (a software process that holds cryptocurrency) and an account on a crypto exchange that lets you sell crypto and withdraw to a US bank account. Common exchanges include Kraken, Coinbase, and Gemini, though availability varies by state.

Key Takeaways

  • Roobet holds your balance in cryptocurrency and does not transfer directly to banks; you must convert to fiat currency on a separate exchange.
  • You need two accounts outside Roobet: a personal crypto wallet and an account on a crypto exchange that supports US bank transfers.
  • The full process—from Roobet to wallet to exchange to bank—usually takes 3 to 5 business days, depending on exchange processing times.
  • Fees explore at multiple steps: Roobet may charge a withdrawal fee, the exchange charges a trading fee, and your bank may charge an incoming wire fee.
  • Some states restrict which exchanges operate there, so you may not have access to all platforms.

Step 1: Set up a crypto wallet and an exchange account

Before you withdraw from Roobet, you need somewhere to send the cryptocurrency and somewhere to convert it to dollars. A crypto wallet is a software process (or hardware device) that stores cryptocurrency and gives you a unique address—similar to a bank account number. Popular wallet options include MetaMask, Trust Wallet, and Ledger Live. You create the wallet, and it generates a receiving address that you will give to Roobet.

You also need an account on a crypto exchange that lets you sell cryptocurrency for US dollars and withdraw to a bank account. Kraken, Coinbase, and Gemini are the largest US-based exchanges, but not all operate in every state. Check the exchange's website to see whether it serves your state before you create an account. You will need to verify your identity (name, address, Social Security number) before you can withdraw to a bank—this is required by federal law and usually takes a few minutes to a few hours.

Once both accounts are set up, write down or copy the receiving address from your crypto wallet. You will paste this into Roobet when you initiate the withdrawal.

Step 2: Withdraw cryptocurrency from Roobet to your wallet

Log into your Roobet account and go to the withdrawal or cashout section. You will see options for which cryptocurrency to withdraw (Bitcoin, Ethereum, or others, depending on what Roobet offers). Select the one you plan to sell on your exchange—if you are unsure, Bitcoin is the most widely accepted.

Enter the amount you want to withdraw and paste the receiving address from your crypto wallet. Roobet will show you any withdrawal fee (this varies and may depend on the cryptocurrency and network conditions). Confirm the withdrawal. The cryptocurrency should arrive in your wallet within minutes to a few hours, though network congestion can cause delays.

Do not send cryptocurrency to an exchange address directly from Roobet unless you are certain the exchange accepts deposits to that address. Always send to your personal wallet first, then transfer from your wallet to the exchange. This gives you a record and a safety step if something goes wrong.

Step 3: Transfer crypto from your wallet to the exchange

Once the cryptocurrency is in your personal wallet, log into your crypto exchange account. Go to the deposit or receive section and select the cryptocurrency you are depositing (Bitcoin, Ethereum, etc.). The exchange will give you a receiving address. Copy this address from the exchange.

In your crypto wallet, initiate a send or transfer. Paste the exchange's receiving address, enter the amount, and confirm. The exchange will charge a network fee (called a "gas fee" for some cryptocurrencies)—this is paid to the blockchain network, not to the exchange, and the amount varies based on network demand. The transfer usually completes within 10 minutes to an hour.

Once the exchange shows the cryptocurrency in your account, you are ready to sell it.

Step 4: Sell the cryptocurrency and withdraw to your bank

In your exchange account, go to the trading or sell section. Select the cryptocurrency you just deposited and choose to sell it for US dollars (USD). The exchange will show you the current price and any trading fee (typically 0.1% to 0.5% of the sale amount). Confirm the sale. Your account balance will now show US dollars instead of cryptocurrency.

Go to the withdrawal section of the exchange and select bank transfer or ACH (Automated Clearing House). Enter your bank account number, routing number, and the amount you want to withdraw. The exchange will ask you to verify the account—some exchanges require a small test deposit first, which takes 1 to 2 business days. Once verified, your withdrawal request is submitted.

The exchange sends the money to your bank via ACH, which typically takes 3 to 5 business days. Some exchanges offer faster options (same-day or next-day) for an additional fee. Your bank may also charge a fee for receiving a wire or ACH transfer, though most do not.

Fees at each step and how they add up

Roobet charges a withdrawal fee to send crypto from the platform—this is usually a flat amount or a percentage, and it varies by cryptocurrency. Check Roobet's fee schedule before you withdraw.

Your crypto wallet may charge a network fee (gas fee) when you send cryptocurrency to the exchange. This is not a fee to the wallet provider but a fee paid to the blockchain network itself. During times of high network activity, this fee can be significant.

The crypto exchange charges a trading fee when you sell the cryptocurrency—typically 0.1% to 0.5% of the sale amount. Some exchanges offer lower rates if you trade frequently or hold a certain amount of their native token.

Your bank may charge an incoming wire or ACH fee, though most US banks do not charge for incoming transfers. Check with your bank if you are unsure.

In total, you might pay 1% to 3% of your balance in fees, depending on the cryptocurrencies involved, network conditions, and which exchange you use. The exact amount is hard to predict until you are in the process.

What can go wrong and how to fix it

If you send cryptocurrency to the wrong address, it is usually lost permanently. Blockchain transactions cannot be reversed. Always double-check the receiving address before you confirm a withdrawal, and consider sending a small test amount first if you are new to this process.

If your exchange account is not verified for bank withdrawals, your withdrawal request will be rejected. Verification can take a few hours to a few days. Start the verification process as soon as you create your exchange account, before you have cryptocurrency to sell.

If your bank rejects the incoming transfer (for example, because the account number is wrong), the exchange will typically hold the money for a period and then return it to your exchange account. Contact your exchange's support team if this happens.

If the exchange you chose does not operate in your state, you will not be able to create an account or withdraw to a bank. Research which exchanges serve your state before you set up a wallet and move cryptocurrency.

Frequently Asked Questions

Can I withdraw directly from Roobet to my bank account?

No. Roobet only handles cryptocurrency. The platform does not connect to the US banking system, so you must convert your balance to crypto, move it to an exchange, sell it for dollars, and then withdraw to your bank.

How long does the whole process take?

From the moment you initiate a withdrawal from Roobet to the moment the money lands in your bank account is usually 3 to 5 business days. The crypto steps (Roobet to wallet to exchange) are fast—minutes to hours. The bank transfer is the slowest part.

What if I do not have a crypto wallet yet?

You need to create one before you withdraw from Roobet. read a wallet app (MetaMask, Trust Wallet, or Ledger Live are common choices), create an account, and write down your receiving address. This takes 10 to 15 minutes. You cannot skip this step.

Do I have to use a specific exchange?

No, but your exchange must operate in your state and must support bank withdrawals. Kraken, Coinbase, and Gemini are the largest options, but availability varies. Check the exchange's website to confirm it serves your location.

What happens if the price of cryptocurrency drops while my money is in transit?

If you are holding cryptocurrency (in your wallet or on the exchange) while waiting to sell it, the price can move. To avoid this risk, sell the cryptocurrency as soon as it arrives on the exchange, before you initiate the bank withdrawal. The bank transfer itself does not change the dollar amount—once you have sold the crypto for dollars, the amount is locked in.