Bitcoin Betting Sites Guide

Table of content:

• The Best Bitcoin Betting Sites
• What’s Great About Bitcoin
• What’s Not So Great
• How To Make A Deposit with Online Bookmakers
• Withdrawing Your winnings
• Bitcoin Betting Sites FAQ

There are some great advantages to choosing a Bitcoin betting site and these include:

• Bitcoin doesn’t use any third parties to transfer funds from one account to the other so there are no third-party fees.
• It is easy to use this e-wallet and it offers excellent security features to help keep your information safe and secure.
• This payment method allows you to remain completely anonymous when using gambling sites. The only information you will have to provide bookmakers with is your email address.
• There are no fees involved with bitcoin transfers.
• Setting up an account is quick and hassle-free.

As with all payment methods, there are some disadvantages.

• Not all sportsbooks accept this payment method.
• Once you choose to bet in Bitcoin you normally can’t change this so be sure it is the method you want to use.
• The value of this cryptocurrency can fluctuate and increase or decrease over a short period of time.

Making a deposit with Bitcoin is easy and the first step is to find the right online sportsbook. From there you have to log into your betting account and visit the cashier section and choose Bitcoins as your currency.

You won’t need to enter any credit/debit card details. Instead, deposits are made using bitcoin addresses (a series of letters and numbers from 27 – 38 characters). You need your betting site’s address too. Then open your bitcoin wallet and click on “Send Money”. Fill in the amount, along with your address and the betting site’s address and click confirm. Deposits are instant and when you return to your sportsbook, your funds will be waiting.

Withdrawing your winnings is easy and the steps are laid out below.

Withdrawal times are super-fast and once you made your transfer, you will see it in as little as 10 – 15 minutes. It may not be fully confirmed for 1 to 3 hours. It is still one of the fastest withdrawal methods you can use, which makes Bitcoin betting sites the favourite ones to use for punters who own cryptocurrencies.