Bitcoin gambling sites let you use the cryptocurrency to fund your sports or casino bets. Thus, it is unsurprising that so many Bitcoin gambling sites exist. There are so many advantages to using Bitcoin to fund your online gambling account, including bonuses.
If you would like to find out more about sports betting and online casinos that accept Bitcoin, you have come to the right place. We have created the ultimate guide to using the banking method to help you start your journey.
Launched in 2009, Bitcoin is a cryptocurrency you can use to buy goods and services, or, in this case, fund your casino bankroll. The cryptocurrency is a purely digital form of banking. This means a bank does not have to process a transaction you make with this currency.
You have probably heard of Bitcoin before. The cryptocurrency shot to fame in 2017 after seeing massive spikes in value. As a result, a Bitcoin trading fever took over the world as people tried to forge a fortune with the cryptocurrency.
This fever’s lasting effect is that loads of vendors now accept Bitcoin, including casinos and sportsbooks, to offer a better gambling experience.
As far as funding your betting account with the cryptocurrency, there are loads of advantages associated with being a Bitcoin gambler, including exclusive Bitcoin casino no deposit bonus offers.
Bitcoin Sports Betting & Casino: How to Make Deposits
Making deposits into your account at Bitcoin gambling sites is easy! Just follow the steps we have highlighted below:
If you are going to make a transaction using Bitcoin, you need to get yourself a Bitcoin wallet. There are several available online, so it won’t be difficult to get one. The best Bitcoin wallet for sports betting is Coinbase.
Find new Bitcoin casinos, select one, and create an account. Navigate to the site’s banking section and select the cryptocurrency option.
Determine how much you would like to deposit into your account.
If the transaction is processed successfully, your funds will be in your account.
Bitcoin is one of the most popular payment methods at gambling sites. To withdraw your money from a Bitcoin casino, follow the steps below:
Log in to your account.
Go to the cashier section.
Choose the Bitcoin withdrawal option. Make sure you are in the withdrawal section as you don’t want to make an accidental deposit.
Enter the amount you would like to withdraw and fill in the details required. Click complete when you are finished.
Wait for the transaction to finish processing. Most transactions take about two days to be processed.
Advantages of Sports Betting Using Bitcoin
There are loads of great advantages that come with choosing Bitcoin as your banking method at gambling sites. Here are some of the most noteworthy:
Charges are minimal. As nobody really “owns” the cryptocurrency, the only fees you’re going to incur when using Bitcoin are processing fees. For example, some sites charge you to make a withdrawal.
Your deposits will reflect instantaneously. This means hassle-free gambling at the best online Bitcoin casinos.
If you fear your personal information getting stolen online (such as credit card details), Bitcoin may be the best option for you. It works similarly to an e-wallet system. You do not have to share your personal details when making transactions.
Most sites offer Bitcoin casino bonus codes as an incentive to sign up. These promotional offers add to your bankroll, meaning more opportunities to win.
Disadvantages of Gambling Using Bitcoin
Unfortunately, a couple of disadvantages that come with using Bitcoin as your main payment option, including:
The cryptocurrency’s value constantly fluctuates. So, it is possible your deposit could be worth more than your withdrawal. While even fiat currencies fluctuate, Bitcoin is way more volatile.
You have to pay tax on the gains you receive from Bitcoin, which isn’t a problem with other banking methods.
Bitcoin transactions aren’t reversible. So, you need to be sure you want to deposit into your account.
BetOnline.ag is one of the best sportsbooks available online. Often, you’ll find that they have the best lines on the biggest sporting events. When the sport you like to bet on enters the offseason, you can play casino games from Betsoft. And, you can fund it all with Bitcoin!
2. Crypto Reels
With “crypto” in their name, it is not really surprising that the main banking option at Crypto Reels is Bitcoin. When you place a deposit at this crypto casino, you get access to the entire Realtime Gaming suite, which includes online slots and table games.
SportsBetting.ag is another one of the great sportsbooks with amazing lines. You can make deposits using Bitcoin in a similar manner to that seen at BetOnline.ag.
4. Lucky Red Casino
Lucky Red Casino has got one of the most lucrative bonuses at online casinos. It only gets better when you use Bitcoin as you get access to an additional $75 free chip, which you can use to improve your winning chances.
5. Manhattan Slots
Manhattan Slots features a similar offer to Lucky Red Casino. Bitcoin users get rewarded with an additional free chip.
6. Sport and Casino
With a sleek interface and a strong bonus, Sport and Casino has many to offer gamblers, especially seeing that many software providers power it. Probably the best thing about it is that it allows you to bank in Bitcoin. The gambling site even provides you with a detailed guide showing you how to get started.
7. All-Star Slots
All-Star Slots gives you access to the full suite of Realtime Gaming titles. To get access to the suite of games, make a deposit using Bitcoin.
The quickest way to fund your account and get your winnings is through Bitcoin. MyBookie makes it so easy for gamblers to get started with this banking method. Play casino games (including live casino games) or bet on sports with this banking method!
9. Cherry Gold Casino
Bitcoin users get special treatment at Cherry Gold Casino with exclusive bonuses and promotions adding more to their experience when they play games at this amazing casino.
XBet features similar guidelines to MyBookie for making deposits and withdrawals with Bitcoin. You will appreciate the high deposit and withdrawal limits, especially with live dealer games.
Yes and no. This is dependent on the state in which you live. If your state has outlawed online gambling, then it is illegal. However, if it hasn’t, it is possible to use the cryptocurrency to fund your exploits.
A Bitcoin wallet is similar to an e-wallet in that it is a digital account that holds money, in this case, the cryptocurrency. It helps people keep track of their spending and the total amount of Bitcoin in their accounts.