Bitcoin Betting Sites

Advantages of Bitcoin Betting

If you’re planning on playing at online sports betting Bitcoin websites, then there’s already a pretty good chance you know the pros of using the cryptocurrency. However, many of the advantages are often overlooked. That’s what we’re going to be taking a look at in this section.
Perhaps the biggest benefit of Bitcoin (and indeed the main principle that the cryptocurrency is founded on) is that it’s – usually – completely anonymous. It’s also fully decentralized, which means no single person, entity or business has control over it. When you make a transaction using Bitcoin it appears on a public network known as the Blockchain. There is, however, no way of linking you to specific transactions, unless someone knows both your local wallet and the wallet address you’re sending coins too.

Another major benefit is that – generally speaking – transactions are processed instantly. The only real exception to this rule is when the network is incredibly busy. In this scenario, you may be required to wait up to 24 hours for the transaction to ‘confirm’. Even this, however, can be avoided by increasing the ‘fee’ that’s attached to the transaction.
Another benefit is that today, there are more sports betting websites that accept Bitcoin than ever before. In fact, the number of betting companies that use Bitcoin is continually rising, as more and more online gambling operators realize that players want to use it.

Disadvantages of Bitcoin Betting Sites

While Bitcoin is generally very favourable to customers, there are a couple of cons of using it at bet sites that accept Bitcoin. The major one is that it’s not quite as straightforward as were you to make a deposit using debit and credit cards or EWallets. While you don’t need to be a tech-wizard to use Bitcoin, you do need to be able to navigate around wallets. Thankfully, there are plenty of helpful tutorials online that can help you figure out what’s what.

Another potential downside of Bitcoin is that if you send your coins to an incorrect address, it’s very unlikely you’ll have any chance of recovering them. Again, however, this can generally be avoided by ensuring that you’re sending them to the right address. As they say – double, triple, and quadruple check your sending address!

Depositing and Withdrawing at Betting Sites that Accept Bitcoin

All popular betting sites that take Bitcoin will typically offer in-depth tutorials on how to do so. However, we’ll show you the basics of doing so right here. (This will assume you know how to buy Bitcoin.)
Once you have your Bitcoin ready, and you’ve found betting sites with Bitcoin deposit options, then it’s time to make the transaction! Head to the online gambling website you want to deposit them at, head to the cashier and copy the Bitcoin receiving address. Then, head to your Bitcoin wallet, start a new transaction and paste in the Bitcoin address you want to send them too. Enter the amount you wish to send, check everything is correct, and hit the ‘send’ button – that’s all there is to it!

Similarly, when you want to withdraw using Bitcoin (and all online betting sites that accept Bitcoin will process withdrawals too), you just need to copy your Bitcoin wallet address and then paste it into the cashier section when it comes to making a deposit.

Play at the Best Bitcoin Betting Sites Today

If you’re looking for online sports betting sites that accept Bitcoin then you’ve come to the right place. In fact, on this page we show you the best Bitcoin betting sites, so that you can easily and quickly choose the right site for you. At the top of the page (directly below the introduction) you’ll see a list of our top-rated sites that accept Bitcoin. (This also includes betting apps that use Bitcoin.) If you see one that you like the look of, simply click the button alongside. You’ll then be taken directly to the bookie’s website where you can make a deposit and begin placing bets!