- What a Bitcoin sportsbook is.
- How to place a bet with Bitcoin.
- What Bitcoin betting apps are available.
- What some anonymous betting sites with Bitcoin are.
Top Bitcoin Sportsbooks
When choosing the best Bitcoin betting site for you, there are a few main things that you should pay close attention to. You should make sure that the Bitcoin betting exchange has a good range of sports betting options, additional betting functions, and has good odds for the sports you like, such as football odds. These are just a few of the most important aspects of a sportsbook website to look at. If you are struggling to research these elements on your own, you can turn to Bitcoin sportsbooks reviews.
A Bitcoin bookmaker review will display all of the information you need to know about the bookie you are researching. Some of our picks for the best Bitcoin sports betting sites include 22bet, 1xBet, and Betcoin.
Claim Your Bonus when You Place a Bitcoin Deposit
When using Bitcoin for sports betting on the leading operator sites, you will be given plenty of promotional offers and bonuses to use several sports betting options. These bonuses can range from welcome rewards to free bets, free cash, matched deposit bonuses, and no minimum deposit bonuses. These promo offers can usually be claimed directly from the operator’s website on their “Promotions” page. These proposals tend to change quite frequently, providing new players and existing bettors with more reasons to stay with the site.
How to Use Bitcoin to Bet Online
If you’ve leaped into the world of cryptocurrencies, then the likelihood is that you have gone with Bitcoin. Bitcoin is by far the most trusted and reliable form of Cryptocurrency. The good news is that you can now use your stored Bitcoin to bet with. This whole process is straightforward. Just select Bitcoin as your preferred method of payment when you register with a site. When you make a deposit, the online Bitcoin bookie will take you through a step-by-step guide to paying with Bitcoin.
What is Bitcoin?
On a basic level, Bitcoin works in essentially the same way as an E-wallet like PayPal or Neteller. The customer buys a Bitcoin (or a partial amount of Bitcoin) and adds it to their unique digital wallet. Once a digital wallet has been created, the user’s newly bought Bitcoin can be stored indefinitely. This purchased Bitcoin is worth a specified value. This value can change quite frequently depending on the Cryptocurrency market. For example, if Bitcoin is being bought more regularly, then its value drops. While the Bitcoin market can be a little unstable, online betting is fast and reliable.
Making a Deposit with Bitcoin
Each betting site that accepts Bitcoin has its specific deposit procedures. In general, Bitcoin can be used on these sites quite easily. To place a deposit with Bitcoin, head to your account page, look for the button labelled “Deposits,” and follow the link. Select your Cryptocurrency payment method and select Bitcoin. You then need to enter an amount to give the online bookie. Most online sportsbooks will then send you a link. Enter this link into your digital Bitcoin wallet and send the Bitcoin payment.
Making a Withdrawal with Bitcoin
Withdrawing your funds with Bitcoin is a little easier than depositing money. When you have earned enough for a payout, you can head to your account page and click the button labelled “Withdraw.” Choose the Bitcoin payment method once again and enter the amount you wish to withdraw. The money should then be sent directly to your digital Bitcoin wallet within a matter of a few working days.
One of the best features of using Bitcoin for online betting is that it never charges any fees. All online sports betting with Bitcoin should be entirely free of costs for both depositing and withdrawing. Put, if a site says that it charges any fees for using Bitcoin, then you should use another bookmaker for your online sports betting practices. Neither the site itself nor your digital Bitcoin wallet website should charge you any fees.
Countries that Accept Bitcoin for Sports Gambling
As Bitcoin is one of the most well-recognized (if not the most well-recognized) cryptocurrencies currently available, many countries accept it as some form of currency. The likelihood is, if your country allows online gambling in general and agrees with the use of Bitcoin, and then the chances are high that you will be allowed to use Bitcoin for online betting. Some of the largest countries that accept Bitcoin for online betting include Japan, the USA, France, Canada, Malta, and the UK.
Mobile Betting with Bitcoin
Many of the top BTC sports betting sites have their dedicated apps for mobile forms of betting. Using your mobile device is one of the easiest and most convenient ways to place a bet in 2021. A whole range of sports betting options is right at your fingertips within just a few seconds. These BTC sportsbook apps are straightforward to use. All you need to do is head to the Android or iOS App Store and find the Bitcoin betting apps you want to download. These apps are often found completely free of charge.
BTC Live Betting
Many leading BTC betting sites give their players a whole range of additional betting options. Frequently, the best Bitcoin betting sites host an extensive range of live betting options on their website. These live betting options (often referred to as “In-Play” betting events) allow players to place bets on live games. Throughout the live in-play game, results and scores will be provided in real-time as they happen throughout the match, race, or play.
Alternatives to Using Bitcoin for Online Betting
While Bitcoin is an incredibly unique and convenient form of payment for depositing and withdrawing money on online sportsbooks, it is not the only option. There are many alternatives to using Bitcoin for online betting.
Some of the most popular payment methods featured on online bookmaker sites include card payment options (usually VISA and MasterCard), E-wallet payment methods (Primarily PayPal and Neteller), Ukash, and bank transfer options. These options each have their advantages and disadvantages, which can be found by looking through various bookmaker reviews. For example, some Ukash betting sites and PayPal bookies charge fees.
How to Stay Safe with Bitcoin
Just as is the case with every form of online payment, your details must remain safe and secure at all times. The last thing you want is for your details to leak online while you are in the middle of using a betting site. It is why almost every top operator makes users fill out a 2-step authentication form before they use Bitcoin as a payment method. Similarly, most top digital wallet providers will also ask you to fill out a 2-step authentication form. It ensures that your details cannot be easily hacked or stolen.
Keeping Your Information Private
Along with the aforementioned 2-step authentication and verification system put in place by most operators and digital wallet providers, many online bookies also use state-of-the-art encryption software to ensure that all of your information is kept safe and secure while you use the site. These preventative firewalls protect your personal information and your banking information against any online threats. You can rest easy knowing that your data is safe when using the best Bitcoin sports betting sites.
New Bookmakers that Accept Bitcoin
While many leading online betting sites accept Bitcoin currently available on the market, some bettors may prefer to use a new online bookmaker website. Unfortunately, there are not many new bookies that accept Bitcoin as a valid payment method.
One good new bookmaker that does allow Bitcoin to be used for deposits and withdrawals is MansionBet. When looking for a new online bookie to use, you should make sure that it is fully legal and legitimate before registering with the site. Only when you are entirely convinced that it is safe should you trust the website with your personal and banking information.
Is Using Bitcoin for Online Betting Worth It?
Using Bitcoin for sports betting has its fair share of advantages and disadvantages. There is plenty to love about this particular payment method, but there are also plenty of elements to dislike using the payment option.
Advantages of Using Bitcoin
The list below aims to provide you with a detailed account of some of the most prevalent advantages of using the Bitcoin payment platform on an online betting site:
- Using Bitcoin is fast and convenient, especially if you already have an account with a digital wallet provider and already have some Bitcoin stored inside.
- There is an increased level of anonymity when using Bitcoin for online betting.
- There are usually never any fees associated with using Bitcoin for online gambling for withdrawing or depositing funds.
- Bitcoin is accepted across the world as a valid form of currency.
Disadvantages of Using Bitcoin
Despite its apparent advantages, there are quite a few disadvantages of using this particular payment method for online betting. Here is a list of the most prominent disadvantages associated with Bitcoin:
- Bitcoin may not be accepted in your region or country of residence or may not be considered a valid currency when online betting.
- For online casinos and sportsbooks, the game or sports odds cannot be confirmed “Provably fair” due to Bitcoin’s varying value.
- The Bitcoin market is a very volatile and unstable one at times, meaning that the value of Bitcoin can vary quite significantly at times with no real base-level of value.
An Overview of Using Bitcoin on Online Bookmakers
In summary, the use of Bitcoin for online betting is a convenient one, if not with a somewhat problematic market surrounding it. There are plenty of things to persuade bettors to use the method and plenty to dissuade them. But in general, online sports betting with Bitcoin is safe, secure, and still one of the most convenient and unique ways to bet. Hopefully, this detailed rundown of using Bitcoin for online betting has given you all of the information you require to make your own informed decision about the payment platform. Below is a list of things that you should know about betting with Bitcoin:
Things to know about Bitcoin:
- Many countries accept Bitcoin for online betting, such as the USA, Canada, the UK, France, and Malta.
- There are many benefits to using Bitcoin for online betting, such as a high level of convenience, a lack of fees, and an increased anonymity level.
- The popular sports betting options that accept Bitcoin include football, American football, baseball, golf, and horse racing.
- There are some alternatives to Bitcoin available such as VISA and MasterCard debit card and credit card options, PayPal and Neteller Ewallet options, and bank transfer options.
- Some of the most popular and reliable online sportsbooks that accept Bitcoin include MyBookie, Bovada, Nitrogen Sports and 22Bet.
Bitcoin, on the whole, is a great payment option for 2021 online betting. Modern betting requires modern payment options, and Bitcoin provides this in heaps. Reliable, safe, and secure are all the perfect words to describe the Bitcoin betting experience. Head to one of our recommended sites today to use Bitcoin for all your online betting needs.
Frequently Asked Questions
- How do you use Bitcoin for sports betting?
Bitcoin can be used for online sports betting deposits and withdrawals. Just select Bitcoin as your preferred payment method and choose the option to use Bitcoin when you go to deposit or withdraw funds from your online sportsbook account. You will need to account with an online digital Bitcoin wallet provider first and buy Bitcoin before you can use it for online betting. When depositing and withdrawing money using Bitcoin, you will be sent a link to copy into your digital wallet. It is how money is transferred between the sportsbook and your Bitcoin account.
- How to buy Bitcoin for sports betting?
Bitcoin can be bought on several official Bitcoin wallet sites. Some of the most popular platforms to buy Bitcoin include Robinhood, Square Cash, Coinbase, and Binance. Make sure you research your chosen Bitcoin buying site before purchasing any Bitcoin to ensure that it is entirely safe and reliable.
- What makes a right Bitcoin sportsbook?
A good Bitcoin sportsbook should have a great range of sports betting options, have great odds, and be completely legitimate, legal, and trustworthy. All of these factors are frequently discussed by sportsbook reviews. If you are unsure of the best site, head to one of our sportsbook reviews to find the best one for you.
- What is the best BTC betting site?
The best BTC betting site needs to have great odds, a significant number of sports betting options, 100% legitimacy and reliability. Many online operators share many characteristics when it comes to these determining factors, making it difficult to choose a definitive “Best” one. In the end, the best BTC betting site is one that is tailored to your personal preferences and wants.
- How do I deposit Bitcoin into a sportsbook?
To deposit on a Bitcoin betting site, head to your account page, turn to the “Deposit” tab, and select Bitcoin as your method of payment. You will then be provided with a link. Copy and paste this link into your digital Bitcoin wallet to transfer the chosen amount of Bitcoin into your sportsbook account. The funds should appear in your online sportsbook account within only a few minutes.
- How do you make a withdrawal from a sportsbook using Bitcoin?
To make a withdrawal from an online sportsbook, head to your account page and click on the button labelled “Withdraw.” From here, you need to select Bitcoin as your chosen payment method and enter an amount you wish to withdraw from your account. The Bitcoin will be sent to your digital Bitcoin wallet within a few hours.
- Which Bitcoin sites accept payouts from betting sites?
All top Bitcoin buying sites and digital wallet providers will accept payouts and withdrawals from betting sites. It is mainly dependent on the legitimacy of the betting site you are using, however. If the bookie is not entirely legitimate, it may not be accepted by your Bitcoin provider or digital wallet.