Bitcoin Sports Betting Sites
Every sportsbook is created equal and those who sign up with Bitcoin sports betting sites will soon realize why. Not only are the promotions and bonuses expanded with the use of the cryptocurrency, but the transaction times between depositing and withdrawing are almost nonexistent. Aside from the speed and benefits, using Bitcoin to fund your sportsbook account can also allow for more money to be sent back and forth, without any fees and bank holdings. Bitcoin has augmented offshore sports betting sites and those who use Bitcoin sportsbooks have yet to look back.
The cryptocurrency sportsbook funding craze happened a few years back when a federal law known as the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) started to gain more and more power. This law made using credit cards to fund sportsbooks a hassle and a half, so the books turned to Bitcoin to assist in the issues when it became more mainstream. Now, nearly every sportsbook accepts some form of cryptocurrency, with Bitcoin being the industry leader. Without a doubt, signing up at Bitcoin sportsbooks will allow you to see the benefits almost instantaneously.
Are Bitcoin Sportsbooks Legal?
Online sportsbooks that are located offshore and are licensed by their home country are both safe and legal to use. Not every offshore betting site will accept Bitcoin or other cryptocurrencies; however, all of the ones we recommend do. By using Bitcoin, you are able to transfer account funds in no time, making the connection between your wallet and your sports betting account quick and painless. As long as you report the winnings you make through Bitcoin sportsbooks, you are following the laws and should have zero worries.
As for land-based sportsbooks and state-licensed sportsbooks in the US, they have yet to start accepting cryptocurrency as a deposit and withdrawal method. There haven’t been any talks of making this happen, so gamblers wanting to use Bitcoin will have to continue to utilize the offshore sports betting sites. Remember, some offshore sites even accept other cryptocurrencies like Bitcoin Cash, Ethereum, Litecoin, and DASH.
How Bitcoin Sports Betting Sites Work
Depositing into your sports betting account with Bitcoin sportsbooks is done just as you would make a deposit with any other currency. Every transaction made using the coin is stored on the blockchain, assisting in added security measures for both the book and the player.
Locate the deposit page for the Bitcoin sports betting site and choose Bitcoin as your method. Enter the total amount you wish to add to your account, and the online cashier will provide you with their Bitcoin wallet address. You can then transfer your money from your personal wallet to that of the online sportsbook. Because cryptocurrency is open on the blockchain, the Bitcoin sportsbook of your choice will be able to receive your BTC almost as soon as you hit submit. Bitcoin remains the safest and quickest way to exchange money online.
If you are depositing with Bitcoin, you will also be able to receive crypto payouts from your Bitcoin sports betting site. These transactions have a 100% success rate and there are no fees associated with using Bitcoin. The instant transfer allows for a higher volume of money to be moved, and the limits are signficantly higher than options such as checks or money orders. Bitcoin sports betting sites also offer the fastest sportsbook payouts, with funds credited in as little as 15 minutes after your withdrawal request has been approved.
Ways To Wager At Bitcoin Sportsbooks
Bitcoin sports betting sites will allow you to gain full access to their sports betting platform, with all of the standard wagering options. Bitcoin sportsbooks accept straight bets (spreads, totals, moneyline), parlays (teasers, round robins), if bets, action reverse, futures, and many more. All of the leading sites also offer comprehensive betting guides in case you are unsure about a particular wagering type. They also will each come with different betting limits, which is set by bookmakers depending on the sport or event.
American sports are the heart of all legal sports betting sites, but there are generally over 1000 lines every day on Bitcoin sportsbooks. The betting markets include popular leagues like NFL, MLB, NHL, NBA, and NCAA, but you will also find much more. Being that Bitcoin sports betting sites want to capture the widest range of sports fans, international sports and smaller markets will also be available. This of course depends on the sportsbook, but here are some of the sports and betting categories you might find:
Bonuses At Bitcoin Sportsbooks
While every online sportsbook offers some sort of promotion, the promotions associated with Bitcoin sportsbooks are much greater. When you deposit Bitcoin into an offshore sportsbook, you are welcomed with an increased first-time deposit bonus. Most sites offer 25 or 50 percent bonuses to new members, but when you use Bitcoin, you are welcomed with a 50 or 100 percent bonus. Additionally, some sites have sportsbook bonuses for life that allow you to keep utilizing the promotions even after your first deposit. Standard banking options will be rewarded, but there are no promotions that can beat what is offered from sports betting sites accepting Bitcoin.
Live Betting At Bitcoin Sports Betting Sites
Live betting is a feature that has come standard across online sportsbooks. All of our recommended sites allow for live betting, which ranges from in-play betting (as the action is unfolding) to live betting (during commercial breaks and timeouts). Using Bitcoin for a sports betting site won’t improve your live betting access but it can definitely allow you to cash out quicker after making that quick buck. Decide situations like if the next drive will result in a score or if a player will miss a 3-pointer, and you will see your Bitcoin sports betting site account balance increase in no time.
Customer Service At Bitcoin Sportsbooks
When betting on sports with Bitcoin, it is possible that questions or concerns may arise – no matter how reputable the site. As such, the leading Bitcoin sportsbooks will offer several ways to get in contact with customer support. Many have toll-free numbers that can be dialed in order to reach agents that speak English, Spanish, French, and other languages depending on your needs. You can also send a quick email, but the preferred contact method for most bettors is live chat. Just visit the site you are interested and click “contact us” to see all of the available options.
Is It Safe To Use Bitcoin To Fund My Online Sportsbook Account?
Do Bitcoin Sports Betting Sites Charge Any Fees To Use Cryptocurrency?
What Is The Most I Can Withdraw From A Sports Betting Site Using Bitcoin?
How Fast Do Online Sportsbooks Process Bitcoin Deposits And Withdraws?
Many deposit methods on our recommended list of online offshore sportsbooks take some time to process. The reason for this is that the Unlawful Internet Gambling Enforcement Act (UIGEA) makes it difficult for banks to process your sports bets. That is why we encourage to use cryptocurrencies such as Bitcoin. Bitcoin will not flag the UIGEA and processing is almost instant. If you need to cash out quickly or you want to make a bet for a game that is happening later in the day, using Bitcoin will allow you to get money in and out of your account faster than any other deposit or withdrawal method. Just remember that in order to withdraw with Bitcoin, you must have deposited with it on most sports betting sites.