Bitcoin Sports Betting (How To Bet With Bitcoin On Sports)

Bitcoin sports betting guide for UK & US punters: Quickly learn how to bet on sporting events using crypto currency

We all know how popular sports betting in the United Kingdom is, with it being part of our culture and all that. The same could be said about the US, if we stop for a second to think what Vegas means to gamblers from all around the world. What if punters could benefit from instantaneous money transfers, lower fees and complete anonymity? If I were to tell you that this already exists, how would you react to that?

You want that, of course, so we’ll get you started with the crypto sportsbook realm straight away…

Bitcoin has rattled many industries already, and the betting world makes no exception. Bitcoin sports betting has already drawn the attention of punters from all around the world due to its suitability for online gambling, despite still being in its infancy. But knowing which Bitcoin betting sites can be trusted can be tricky, hence why there are a few Bitcoin betting Reddit threads complaining about this and that…

This guide features the best Bitcoin sportsbook we’ve used as of today, teaching you how to everything you need to know about crypto sportsbook, from creating and funding your bitcoin wallet to placing your first Bitcoin wager and withdrawing your winnings.

Try out this crypto sportsbook and claim this 100% welcome bonus in an instant!

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Quick navigation:

1. Best Bitcoin Sports Betting Sites – 2018

2.0 How To Buy Bitcoin For Sports Betting
2.1 How To Create & Fund Your Bitcoin Wallet
2.2 How Bet At A Bitcoin Sportsbook
2.3 How To Withdraw Funds From Bitcoin Bookies

3. Betting With Bitcoin – Is It Really Worth It?

 

Best Bitcoin Sports Betting Sites – 2018

Best Bitcoin Sports Betting Sites 2018

Does bet365 accept Bitcoin? – some of you may ask. The answer is no. Although there are some traditional betting sites that accept Bitcoin and other crypto currency as payment, punters who want to start betting with Bitcoin shouldn’t really focus on these bookies, as most of the blockchain technology assets are abolished in those kinds of circumstances.

Going back to our topic, let’s take a look at the reliable Bitcoin sportsbooks before we show you how to buy, store and move cryptocurrency (feel free to jump in if you already know all this). These are the best Bitcoin betting websites that are available right now:

Nitrogen – excellent odds for the main markets & full anonymity

1xBit – great range of sports, leagues & betting markets, plus betting exchange

Cloudbet – attractive welcome bonus & VIP program

*Registrations from some countries are being prohibited from time to time & even access to betting sites from IP addresses located in some territories where there is no clear jurisdiction regarding crypto currency gambling, however, that doesn’t mean that users can’t register new accounts anonymously and log into their existing accounts to play using Proxy or VPN services. We recommend this highly secure & reliable VPN which has a 30 days money refund policy. Betting with Bitcoin from the UK & US is possible on all the betting sites presented on our website.

Find out more about our recommended Bitcoin sportsbooks

 

If you’re new to cryptocurrency, I’m sure you’re still asking yourself this question: ‘Can I trust Bitcoin betting sites?’ despite all that you might have read so far. At the end of the day, we’re only recommending a narrow selection of Bitcoin betting sites for a reason: we like to put safety first.

The best thing you can do in order to find out how trustworthy a Bitcoin sportsbook is would be to do the same research you would do on a traditional bookie, meaning that you should scout for information such as reputation, history, user reviews etc. Or you can skip all that and choose one of the options presented here: we’ve already done all the hard work!

Start betting on sporting events & play live dealer casino games with this top Bitcoin bookie!

 

How To Buy Bitcoin For Sports Betting

How To Buy Bitcoin

If you’re looking to start betting with Bitcoin, you will first require a wallet and obviously, some funds, hence why knowing how to buy Bitcoin is fundamental. There are several ways of buying crypto currency, but we’re just going to present you the safest and easiest method. Crypto Exchanges are, without a doubt, the most convenient way of buying Bitcoin and altcoins.

Alright, so let’s get started…

How To Create & Fund Your Bitcoin Wallet

First things first: You need a Bitcoin wallet, which stands for a bank account in the crypto realm. There are two main types of crypto wallets: the ones you have complete control of and the ones that are hosted with third parties. These wallets allow you to make deposits and withdrawals, pay for goods etc. Next we will show you how to get a wallet with a Crypto Exchange and buy Bitcoin directly with your credit card or bank account, but first… we’ll show you the alternative addressed to those who are looking to stay off the grid.

Localbitcoins.com anonymous when betting with Bitcoin

Now, if you want to be anonymous when betting with Bitcoin you’ll have to use LocalBitcoins.com or some other clever method. This service allows you to exchange plain cash for crypto currency, negotiating a price with another person and – in some cases – meeting them in person for more security.

You can use any types of wallets you want for Local Bitcoin and online Bitcoin gambling in general: it really doesn’t matter if it’s free or premium, a mobile wallet, desktop wallet, a hardware wallet or web wallet – they all work. However, security should be your primary concern, so choose the Bitcoin wallet wisely. Here you can select a wallet to store your BTC and start transacting on the blockchain.

Here’s how you setup a wallet and buy Bitcoin from the UK if you don’t care about anonymity: Sign up with Coinbase – the safest and most reliable Crypto Exchange in the world.

Coinbase allows you to easily buy Bitcoin instantly via credit/debit card, store Bitcoin in your Coinbase wallet and transfer the funds to the bookies or any other recipient. Also, if you’re going to want to sell Bitcoins (cash out) you just have to add a bank account. It’s that simple!

After signing up with Coinbase activate your account by confirming your e-mail address, complete your profile and then verify you identity. You’ll need a valid ID / passport / driving license. Additionally, you’ll be asked to take pictures of the document using the camera on your laptop, tablet or smartphone. The process is more or less the same as the KYC checks used by traditional bookmakers. And last but not least, don’t forget to secure you account: add your phone and enable 2FA Authentication!

You might also want to read more about:

Buy Bitcoin Coinbase

All that’s left now is to register a payment method to buy Bitcoin: credit card or bank account. Complete everything carefully, double check and confirm the buy. And Voila! You’ve got your hands on some Bitcoins that can be spent anyway you want.

Note that although some online Bitcoin gambling platforms have their own betting tokens, the online sportsbooks we recommend allow you to wager with Bitcoin, so you don’t have to worry about any other conversions.

Bet on the English Premier League anonymously using Bitcoin

 

How Bet At A Bitcoin Sportsbook

Once you’ve got your Bitcoin wallet funded it’s time to transfer funds to a crypto bookie: it’s decision time! Registration is not mandatory with some Bitcoin bookmakers. You can place bets on sporting events and play casino games or Bitcoin dice without giving away any kind of private information, but you can always add personal information if you wish to do so. It is important however that you benefit from the extra security measures like 2 Factor Authentication (2FA) to make things as safe as possible.

On the other hand, some Bitcoin bookmakers will demand KYC verifications, especially those that are offering substantial signup bonuses. Either way, you’ll find what you’re looking for after checking out these short and concise Bitcoin Sportsbook reviews at a glance:

Nitrogen Free Bet Bonus OfferNitrogen is the Pinnacle equivalent from the crypto betting world: a bookie with low house edge and high payouts on the Asian Handicap lines and the other highly popular betting markets. But Nitrogen Sports comes with an even greater advantage than generous odds: 100% anonymity, meaning that you don’t need to attach any personal information to your generated account: no e-mails, phones, names etc. You get some codes generated and that’s it (Unless you desire otherwise of course). Minimum bet size is 0.0001 BTC, whereas the max bet limit varies by sport and the importance of the event, but the max stake is generally greater than what you get with the traditional bookies. The minimum deposit is 0.001 BTC.

1xBit Free Bet Bonus Offer1xBit has an extensive sports betting offer, with more betting markets than you could possibly imagine – so many that it might get confusing at times – and a Bitcoin betting exchange that’s reliable, although still lacking liquidity (something you’ll have to learn to live with, as Betfair Bitcoin betting is not available). 1xBit also makes horse racing betting with Bitcoin possible. We also recommend this bookie for the mobile betting experience: the 1xBit betting site is mobile friendly and allows quick navigation. 1xBit allows a minimum bet size of 0.0002 BTC or 0.2 mBTC (milli-bitcoin). The minimum deposit is 1 mBTC.

Cloudbet Free Bet Bonus OfferClouldbet is exciting with all those promotions and extras like Bitcoin poker, slots, roulette and all kinds of casino games. The best Bitcoin sportsbook bonus lies with this crypto betting site and there’s no reason why you would want to miss it – It’s gigantic! Having been in business for more than five years, Cloudbet is undoubtedly one of the crypto gambling industry leaders and is known for being a high limit Bitcoin betting site. Also, the Cloudbet well-optimised live betting platform is loaded with many in-play betting markets. Just as a side note, the minimum bet size at Cloudbet is 0.0002 BTC. The minimum deposit is 0.001 BTC.

*Registrations from some countries are being prohibited from time to time & even access to betting sites from IP addresses located in some territories where there is no clear jurisdiction regarding crypto currency gambling, however, that doesn’t mean that users can’t register new accounts anonymously and log into their existing accounts to play using Proxy or VPN services. We recommend this highly secure & reliable VPN which has a 30 days money refund policy. Betting with Bitcoin from the UK & US is possible on all the betting sites presented on our website.

 

Once you’ve decided who you want to place your bets with it will be time to move the funds. Bitcoin online sportsbook deposits are pretty straightforward: you’ll have to enter the unique wallet address of the recipient (provided by the bookmaker), the return address (which is the Bitcoin associated with your Coinbase account) and the amount of Bitcoin you want to transfer. Bitcoin transactions are normally processed instantly and confirmed within minutes, but times will vary depending on the network congestion status.

You are now set to place your first Bitcoin bet! The rest is pretty much the basic stuff you already know. Bitcoin gambling platforms can be operated the same way as traditional betting sites: the sportsbooks come with the well known betting markets, the bet slip, the live betting and live streaming platforms, cash out – in some cases – and so on.

Want to win your bets more often? Make sure you read our football betting guide!

 

How To Withdraw Funds From Bitcoin Bookies

Let’s hope that your betting will be highly successful and you’ll want to withdraw winnings at some point. The process is very simple and straightforward: Perform a Bitcoin withdraw from the bookie’s cashier, adding your Bitcoin wallet address (your Coinbase BTC wallet if you followed our Bitcoin betting guide). In contrast to traditional online bookmakers, a top-notch crypto bookie should be able to complete bitcoin withdrawals within minutes. Then, you can use the funds to do whatever you want.

However, if you want to withdraw money from your Bitcoin wallet or in other words, to convert your wallet’s BTC balance to standard currency in order to be able to use the cash, you’ll have to:

  • Sell the Bitcoins via Coinbase and transfer the money to your bank account, or
  • Go to LocalBitcoins.com and arrange a sale with a person from the area you live in.

Withdraw funds from Bitcoin bookies

There are also other ways of cashing out your crypto currency, e.g., Bitcoin ATM’s, P2P Exchanges, Bitcoin prepaid cards etc. But it’s really up to you to decide which method suits you best. Just remember that this decentralised cryptocurrency transfers cannot be undone, so be careful and double check every line before you confirm a Bitcoin transaction!

Bet with Bitcoin and find the best odds for online betting right here

 

Betting With Bitcoin – Is It Really Worth It?

Betting-With-Bitcoin-Is-It-Really-Worth-It

Blockchain and cryptocurrency have started to change the world we live in. Today we can buy food and pay for almost any types of goods and services via cryptocurrency. Who would have thought this 10 years ago?

Online gaming jumped on the bandwagon and the industry is growing: We can presently wager on top competitions such as La Liga, Premier League, Champions League, World Cup, the NBA finals and even on eSports, fantasy sports, horse racing or obscure sports such as Pesapallo using crypto currency.

Bitcoin might become the most preferred banking method on all betting platforms in 10 years time, who knows…

Today, some of the best Bitcoin betting sportsbooks allow users to deposit funds using the other cryptocurrencies like Litecoin, Bitcoin Cash, Ethereum, Dash etc. In the future we might even have a dedicated betting token for all bookies.

As a conclusion to our crypto betting guide, we believe that betting with Bitcoin can be extremely useful for some punters, especially for those who:

  • live in restrictive countries and only have a few choices (if any) when it comes to licensed sports betting sites;
  • are often limited by traditional bookies and haven’t got many options left;
  • want to place their wagers at the best odds;
  • wish to stay off the grid and do their betting anonymously;
  • prefer to perform transactions with zero or low fees (tax-free);
  • want to benefit from provably fair casino games etc.
Sports betting 100% anonymously with high payouts and low fees regardless of the country you live in - Yes you can: Click To Tweet

Of course, this doesn’t mean that crypto betting is perfect: Bitcoin is volatile, it can be used for betting on fixed matches and there are many scammers out there who know that all Bitcoin transactions are permanent (and they can easily stay untraceable), so unless you are extremely careful, you won’t have any success in terms of recovering your eventual losses. On top of that, Bitcoin bookies still have quite a bit of work to do to catch up with the latest features offered by traditional online sportsbooks.

We hope that our guide has helped you get started with Bitcoin betting: you should now know who the top Bitcoin sportsbooks are, how to create a wallet, move your funds from the Bitcoin wallet to the online sportsbook, perform deposits and withdrawals to and from Bitcoin sportsbooks or Bitcoin poker sites and finally, how to cash out your Bitcoins.

Looking for a Free Bet? This popular Bitcoin sportsbook is loaded with offers!

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