Bitcoin has become one of the most popular payment methods for online gamblers. In fact, a lot of bookmakers offer this virtual currency on their platforms, which appeals to players. How to bet with this crypto? How to deposit money and/or withdraw winnings? And which sports betting sites accept Bitcoin? We take a look.
Introducing bitcoin sports betting
If you are looking for a new and exciting way to bet on sports, you may want to consider using bitcoin. Bitcoin sports betting is a growing trend, and there are many advantages to using this crypto-currency to place your bets. In this guide, we will introduce you to the best sports betting sites and apps that accept bitcoin so you can get started right away.
Benefits of using bitcoin for sports betting
There are many advantages to using bitcoins for sports betting. First of all, it is important to note that bitcoin is completely decentralized, which means that no central authority controls it. This makes it an ideal currency for online gambling, as there is no government interference. Another advantage of using bitcoin for sports betting is that it is very quick and easy to create an account and make deposits. The transaction fees are also very low, making it more affordable than traditional online gambling methods. Finally, bitcoin is also very secure and private, which is important to many sports bettors.
Disadvantages of using bitcoins for sports betting
There are also a few drawbacks to using bitcoins for sports betting. First of all, the value of bitcoin can be volatile, which means that the value of your bets can go up or down depending on the market. Also, few sportsbooks accept bitcoin yet, which means you may have to search to find one that does. Finally, since bitcoin is still a relatively new technology, you may have to search to find one that offers good customer support in case you have any questions or problems.
How to find the best bitcoin sports betting sites?
When looking for the best bitcoin sports betting sites, it is important to look for those that offer a wide range of markets and competitive odds. You should also make sure that the site is easy to use and navigate, and that it offers good customer support in case you need help. Finally, don’t forget to check the reputation of the site by reading online reviews from other users.
About Bitcoin
In recent years, Bitcoin has been the most successful cryptocurrency in the world. As its value continues to rise, so does its use on the Internet. This is why self-respecting sports betting sites include it to allow bettors to use this virtual currency to deposit money and/or withdraw their winnings. As a reminder, the said crypto was born on January 3, 2009. Although several people have claimed to be the inventor of this currency is not known to this day. However, we know the pseudonym used by the creator: Satoshi Nakamoto. The first transaction made on the Internet via this crypto concerned the purchase of two pizzas for 10,000 Bitcoins, which today is the equivalent of about 270 million euros. Recall that the crypto is available in a large number of bookmakers. However, there is no legal framework that protects players. The risk of fraud is high. That’s why you should carefully choose sports betting sites that accept Bitcoin.
How to bet online with Bitcoin?
A large number of bettors use Bitcoin to bet online. Why? The crypto allows them to make bets anonymously. Note that it is possible to register with any bookmaker that offers this virtual currency, regardless of your country of residence. At a bookmaker that accepts Bitcoin, it is easy to place bets. Moreover, deposits are quick and easy. Moreover, there is no need to verify your identity. You make your deposits and withdrawals, and nothing else is required of you. To bet with Bitcoin, all you have to do is sign up with a bookmaker that accepts this currency. Once the first deposit is made, it is possible to bet on your favorite sports in seconds.
How to deposit on sports betting sites with Bitcoin?
On a sports betting site, using Bitcoin is a breeze. But first, you need to have some crypto on your wallet. To buy some, you have several options to pay: bank transfer or credit card. As for the choice of the platform, go to Coinbase. It is the largest crypto currency exchange platform in the world. It is super safe and secure. Create your account on Coinbase and you’re done. Once the wallet on Coinbase is loaded with Bitcoin, head to the bookmaker and follow these steps to make the first deposit:
- Log on to the betting site;
- Go to the “Payment” tab;
- Click on “deposit”;
- Choose “Bitcoin” as your payment method;
- Mentioning the amount to be deposited ;
- Confirm the operation;
Note that the deposit is immediate.
How to withdraw your sports betting winnings with Bitcoin?
Withdrawing winnings from bookmakers with Bitcoin is also quick and easy. There’s really nothing complicated about it! To withdraw your winnings, you must reach the withdrawal limit imposed by the bookmaker. Don’t forget to validate your account by filling in all the information and documents required by the operator. To find out more, read the operator’s FAQ page at your leisure or contact customer support! Once you have reached the withdrawal limit, here are the steps to follow to withdraw your winnings:
- Login to the bookmker ;
- Go to the “earnings” tab;
- Mention “Bitcoin” as a means of payment;
- Indicate the amount to be withdrawn ;
- Confirm the operation;
In general, the withdrawal is almost immediate.
Are bookmakers that accept Bitcoin reliable?
Most self-respecting bookmakers allow punters to bet using Bitcoin. Note that all the operators listed on this page accept it, are reliable, safe and secure. If you have any doubts, you can contact the customer support team to ask any questions you may have. They are available to answer your questions and explain, step by step, how to use Bitcoin to bet on their platform. Don’t hesitate to take a look at the bookmaker’s website too! It might have some information that could be useful.
The best bitcoin sports betting sites
- Sportaza is a great site for bitcoin sports betting, offering a wide range of markets and competitive odds. It is easy to use and has a good support team if you need help.
- Yonibet is another great site for bitcoin sports betting, with a wide range of markets to choose from. It offers excellent customer service and has an excellent reputation.
- Casinozer is an excellent site for all your bitcoin casino needs, with a huge selection of games available. It offers excellent customer service and has an excellent reputation.
- MyStake is an excellent site for bitcoin casino and betting, with a wide variety of games available. It offers excellent customer service and has an excellent reputation.
- Cloudbet is the ideal site for bitcoin sports betting, with a wide range of markets available. It offers excellent customer service and has an excellent reputation.
- Stake.com is another excellent site for bitcoin sports betting, with a wide range of markets to choose from. It offers excellent customer service and has an excellent reputation.
- Powbet is an excellent site for bitcoin sports betting, with competitive odds and a wide range of markets available. It offers excellent customer service and has an excellent reputation.
- Casinoly is the perfect site for all your bitcoin casino needs, with a huge selection of games to choose from. It offers excellent customer service and has an excellent reputation.
FAQ
What is bitcoin?
Bitcoin is a crypto-currency, which means that it is a form of virtual currency that is used to conduct transactions online. Bitcoin was created in 2009 by a person or group of people known by the pseudonym Satoshi Nakamoto.
What is a blockchain?
A blockchain is a data structure that stores information about transactions made with bitcoins. A blockchain is made up of blocks, each of which contains part of the transaction data. The blocks are linked together by cryptographic links, which makes them extremely secure
What is a bitcoin wallet?
A bitcoin wallet is software that allows you to store, send and receive bitcoins. Your wallet is encrypted and secured by a private key, which means that only you have access to your funds.
Do all sportsbooks accept Bitcoin deposits?
No, they don’t. Many sportsbooks accept Bitcoin deposits, but there are still a few that do not accept this crypto-currency. Nevertheless, all the sites mentioned in this article do accept this crypto-currency.
Are there any restrictions on bitcoin betting in sports betting?
No, there are no restrictions on bitcoin betting in sports betting. You can bet as much or as little as you like, and your winnings are paid in bitcoins.
Do I have to pay taxes on my winnings from betting in bitcoin in sports betting?
It depends on the country you live in. Check the laws in your country regarding the taxation of gambling winnings.
Which sportsbook sites accept Bitcoin?
Several bookmakers accept Bitcoin on their platforms. If you are looking for a betting site that allows you to bet using this crypto, choose one of the platforms listed on this page.
How to use Bitcoin on betting sites?
Using Bitcoin on a sports betting site is a breeze. It is easy to bet using this crypto. Deposits and withdrawals are quick and easy. There is nothing complicated about it.
What are the alternatives to Bitcoin to deposit or withdraw money?
In addition to Bitcoin, there are dozens of payment methods for depositing money on a betting site such as bank transfer, PayPal, Skrill, Neteller, etc.
Our conclusion
There are many more sports betting sites that accept Bitcoin. To avoid any unpleasant surprises, choose one of the bookmakers listed on our page. In any case, choose an operator known for its seriousness, professionalism, and who have a license given by a recognized organization. Remember that using Bitcoin to bet online is child’s play. Just choose the right bookmaker