How To Bet With Bitcoin – Guide For Modern Punters

Punters are getting more and more interested in learning how to bet with bitcoin, and it’s understandable why. Technology has always been moving forward in full speed, making the online gambling world more exciting than ever. If you’re new to this type of sports betting, this guide will help you understand it quickly.

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Bitcoin Betting – New Era for Bookmakers

If you’re an up-to-date punter then knowing how to bet with bitcoin is crucial. There is an increase in cryptocurrency usage, such as bitcoin in sports betting. With the surge in cryptocurrency popularity, the number of online bookmakers offering bitcoin payments is equally growing. The number of punters considering Bitcoin betting has followed suit. Thus it’s vital to learn how to bet with bitcoin.

Unlike other payment methods, there are several advantages of using bitcoin in sports betting including moving funds almost instantly, anonymity, and low fees. Despite this, there is one issue with bitcoin – the fluctuation in its value. Flux in the price can affect your earnings, but all the same, a bitcoin surge could be beneficial too. Regardless, bitcoin usage seems to be a safer future for sports betting.

How to Bet With Bitcoin

To start an exciting adventure with cryptocurrencies, especially in sports betting, of course, you will need your bitcoins. And, to obtain that virtual currency, you need a service that will convert your regular money into bitcoins, such as a bitcoin ATM or you can register at a Bitcoin exchange website. Then again, after acquiring your bitcoins, you will have to pick a Bitcoin bookie where you will deposit your bitcoins.

You are also required to transfer bitcoins either directly from your wallet or the exchange site into your online betting account at the bookmakers’ website. Transfers take the longest time due to various reasons such as the waiting cues at the exchanges and bookmaker websites, internet traffic, and online safety procedures. However, in usual circumstances, it should take you at most two hours. And that’s it! You can now decide how much bitcoin you want to bet and place your bet cryptocurrency.

Pick a Bitcoin Wallet

There are two types of Bitcoin wallets – electronic and physical. A physical wallet is an external hard drive or thumb drive that requires installing a desktop client, which you can disconnect when you are not using it. In electronic wallets, you store your coins in an app or a website. Moreover, both wallets have their benefits and it’s a matter of choice and priorities. For instance, what you gain in convenience, you lose in security.

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Create an Account

The blockchain digital wallet is the most popular in the market. It allows you to make payments from the best bookmakers and you can as well store your bitcoins. Importantly, creating an account with blockchain only takes a few minutes and once it is complete, you will receive your wallet ID by email. To register, open a currency exchange site, fill in your details in the form and then click the ‘create account’ button.

Activate Your e-Wallet

To activate your e-wallet, you need to do email verification. To do this, hit on the link address you received from the email that you used during registration. You will see a welcome screen and that means you have a fully activated Bitcoin wallet. However, before you can get the coins, you need to link your phone, then complete input your personal details to your profile and then do identity verification.

How to find a Top Bookmaker

There are tons of online crypto bookmakers today. All the same, there is no guarantee that all bookies are legitimate. To be on the safe side, you have to know that your information and money are secure and safe and that the software is high quality and secure. When cryptocurrency is your betting medium, it becomes crucial to find a crypto betting site that lets you easily make payments through their channel.

There are bookies that are working with bitcoins only and bookies that accept it. A client should look for a trustworthy platform as well. An adequate soccer betting site should have all the bets regardless of what league the game is in. Additionally, if you want to learn how to bet with bitcoin, look into the transaction limits. As well, an easy to navigate site will give you a mistake-free experience. Above all, take advantage of all promotions and bonuses.

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Depositing and Withdrawing Bitcoins

Both processes are very simple and straightforward. At this time, you need to select a bitcoin sportsbook and then sign up. Then, go to your wallet and use the bitcoin link address from the sportsbook to fund it with money. To withdraw you require moving your bitcoins from the bookmaker to your wallet then perform a bitcoin withdrawal from the bookie’s cashier by adding your wallet address.

A top-notch crypto bookie should complete bitcoin withdrawals within minutes. Also, there are several other ways of cashing out your cryptocurrency winnings, for instance, bitcoin prepaid cards, bitcoin ATMs, P2P Exchanges, among others.

The Best Sites for Bitcoin Betting

How to bet with bitcoin is something every bettor can learn how to do. For enticing cryptocurrency gambling, make sure you can withdraw funds in an extremely timely manner. If you are interested to learn how to bet with bitcoin, choose sites that provide bonuses for first-time bettors.

That said, you may find some bitcoin sportsbook that offers more competitive odds or is more favourable. All in all, find a site that works better for you, depending on your needs. Some of the best crypto sports betting sites include:

MyBookie.ag

There are a few reasons why MyBookie is among the top-rated crypto betting sites. Perhaps it’s because of the bright, easily-navigable layout. Besides, it has an array of sports and the operator gives some of the most advantageous bonuses in the industry. MyBookie offers incredible odds on nearly every major sporting event around the world. Also, MyBookie is one of the few sites that accept Bitcoin as a payment method.

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Bovada

Bovada is the only sportsbook online that is exclusive to US residents. They offer a full-service sportsbook and its added security layer at sign-in, fast payout times, and incredible reputation makes it one of the most trustworthy betting sites. Equally, their 24-hour customer support, safe deposits, and attractive bonuses make it the best among US bettors. Bovada offers bitcoin as a payment method and highly recommended because it’s much faster than other methods.

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Sportsbet.io

Sportsbet.io credibility has won many fans with their brilliant easy-to-use interface, a slick customizable site layout, and extensive deposit options, including cryptocurrencies like bitcoin. They have reliable sports betting that includes a vast range of sports like cricket and esports. Sportsbet.io runs lots of different regular promos though they don’t have a welcome offer for new players. Regular promotions include free bet refunds on accumulator bets and daily price boost across any sport.

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