Find Your Bitcoin Betting Site Here
Not everyone knows how to bet with Bitcoin.
Itâs easy once you find a good Bitcoin betting site and see how simple it is to make Bitcoin deposits.
Why should you bet with Bitcoin?
Fees
Bovada will not charge any additional fees for depositing with Bitcoin.
Benefits
After making your Bitcoin deposit, you will be able to use these funds within a few minutes.
Bovada is a great overall sportsbook. Their markets are huge, and their site is designed very well. Add to that extra Bitcoin bonuses, and they come out on top of the competition.
Read Bovada Review
Fees
Sportsbetting.ag will not charge you any fees for making a Bitcoin deposit.
Benefits
This Bitcoin betting site is lightning fast! Youâll likely get your funds in less than 10 minutes.
Sportsbetting.ag is a great ÂĄsports betting site. Our Bitcoin deposits here arrive in record time! We have clocked in times as fast as 6 minutes! This is a great site for everyone, but especially for Bitcoin bettors looking for quick action.
Read Sportsbetting Review
Fees
Tiger Gaming does not charge you any fees for your Bitcoin deposit.
Benefits
The BTC deposit here is very fast. In fact, the wallet address expres in 15 minutes.
Bitcoin betting sites are more rare for Canadian bettors compared to their US counterparts. Tiger Gaming is a great betting site for all bettors, but especially for Bitcoin bettors looking for a secure approach.
Fees
GTBets does not charge any additional fees for bettors depositing Bitcoins.
Benefits
Bitcoin deposits arrive very quickly at GTBets. Ours arrive in less than 20 minutes every time.
GTBets has a distinctive look, and its mobile version sticks to its guns. Youâll enjoy easy navigation, big bonuses, and an extra safe Bitcoin deposit portal.
Read GTBets Review
Fees
There are no fees for depositing Bitcoins at Betonline
Benefits
You will get your Bitcoins into your account within minutes of making the deposit.
In addition to a great welcome bonus, you also get a 35% bonus everytime you deposit with Bitcoin. They also accept several other cryptocurrencies, such as Ethereum and Litecoin.
Read BetOnline ReviewThere are lots of reasons to get started with Bitcoin betting. While it is new to many bettors, once you get started, it will come easy. And there are lots of reasons to dive in!
A big one is the price tag. While some betting sites will charge fees (sometimes big ones) for depositing via check or direct deposit, almost none will do the same for Bitcoin deposits.
In the same line, plenty offer larger welcome bonuses with reduced rollover requirements. You get more money and can withdraw it even faster.
Plus, your identity is more anonymous with Bitcoin. Because there is no central institution housing identifying information and shipping it off to the tax authorities, the IRS wonât necessarily know about your taxable winnings.
With so many reasons to get started, itâs just a matter of hot to bet with Bitcoin. Weâre here to help you!
Once you have your favorite Bitcoin betting site picked out, you still need to know how to bet with Bitcoin. It is fairly easy, but requires a little bit of setting things up before you go to make a deposit.
Just like opening an account at a bank, or applying for a credit card, you have to set up the infrastructure before you can use Bitcoins for betting.
Because not all of us have Bitcoins, we will show you have to go about getting started with Bitcoin betting. There are a few things to keep in mind that we understand may be novel for bettors who are experienced with other deposit methods.
A Bitcoin or cryptocurrency wallet is where you can store your digital cash. These come in two principal varieties.
Electronic wallets tend to be more convenient. You can access them with a password or with some form of two-step verification.
These often all you to store your coins in an app, or a website. Many online exchanges also double as wallets. Coinbase is a perfect example of this extremely convenient option.
However, what you gain in convenience, you lose in security. Because it is stored online, it is more subject to hacking than a physical Bitcoin wallet.
Physical BTC wallets are often external hard drives or thumb drives. Because it comes with all the verification of an online wallet, but with the added security of being able to disconnect it when you are not using it, it is even more secure.
In order to take your coins, someone would need to take the physical wallet AND hack it. However, if the drive is damaged, you risk losing your coins as well.
Both have their advantages. Itâs a matter of choice and priorities. But you will need one to deposit your funds into your Bitcoin betting sites.
Before using Bitcoins to bet, you will of course first need to get Bitcoins. Once you have your wallet set up, this is the next step in how to bet with Bitcoin.
You can do this by visiting an exchange. In some cases the exchange will also be your wallet, which is the most convenient.
But if you opted for a more secure, rather than a convenient option, then you will transfer from the exchange to your wallet.
Just connect your bank account, credit card, or other payment method accepted by the cryptocurrency exchange. Once you purchase your Bitcoins, then use your walletâs unique address to send it from the exchange to your personal wallet.
The last step in how to bet with Bitcoin is moving your BTCâs into your account at your favorite Bitcoin betting site.
This process often looks very similar across many sports betting sites.
After selecting the Bitcoin from the list of deposit methods, they will normally provide you with a QR code and a BTC Wallet address. This address corresponds to your betting site account.
You then go to your wallet, and use the QR code or address to send the BTC. Make sure to send BTC and not other cryptocurrency, as this could produce an error.
While some are faster than others, most Bitcoin betting sites will have your BTC available in less than 20 minutes.
There are some extra advantages and things to keep in mind when it comes to secure gambling with Bitcoins.
You have increased anonymity with Bitcoins. This is an extra level of security from KYC (know your customer) protocols. As well as keeping your entertainment budget private.
Many Bitcoin betting sites use encrypted connections to ensure extra levels of privacy and security. EveryGame, for example, is an expert in this.
This means you might have to set your own deposit limits in order to bet safely.
Another consideration is the security of your Bitcoin wallet. Make sure to protect your key, and to keep your physical wallet in a safe place.
Overall, betting with Bitcoin comes with some security advantages and some disadvantages. If you are more worried about taxes than hackers, it might be a good option for you.
The markets are constantly adjusting, which can cause some users to steer away from dealing with cryptocurrencies in general. However, regardless of the volatility of the markets, there is real value in crypto, which is something we are going to see more and more of in the coming years.
Cryptography and blockchain-based products are underpinning new technology all the time and we’re starting to see how things evolve. As such, if you’re a bettor who has gotten into the industry early on, you are in with a chance of entering into the future of finance.
Bitcoin is a fast, cheap, and safe deposit method
It’s really fast to use
Bitcoin sports betting means getting your funds into your account fast. No waiting days for checks to clear. You can send it over and get betting almost instantly. Having a fast deposit method means getting the best odds and having the most fun.
Deposits are Cheaper
Another reason to bet with Bitcoin is the price point. We are all watching our bottom lines, and Bitcoin will help keep it tight. Many sports betting sites charge no fees, and plenty will even offer additional bonuses.
Identity Protection
Using Bitcoin means having more access to identity protection. Banks and other large financial institutions have to report your personal information to the IRS. Bitcoin is not regulated by such KYC protocols, meaning the government is relying on you to report your own winnings. All transactions are pseudonymous in Bitcoin.
You can earn extra bonuses and save on fees by betting with Bitcoin. This can lead directly to an improved bottom line.
The best Bitcoin sportsbooks will have specific bonuses for Bitcoin bettors. We recommend a number of such sites on this page.
Bitcoin bettors can enjoy quick deposit and payout times, reduced fees, and bonuses just for Bitcoin bettors.
You will need to be of the proper age and set up a Bitcoin wallet.
Bitcoin betting generally means you have more control over identity protections, making it a safer option.
About the Author
Trent’s your man when it comes to all things sports. He covers a wide range of sports for Sports Betting Sites, and has been published in some pretty reputable outlets, such as USA Today Sports, Vice, Bloody Elbow, Fight! Magazine, UFC 360, and Narratively. Trent’s got the inside track on all the happenings in the world of sports.
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