Bitcoin Sports Betting Sites - Top Bitcoin Bookmakers
Bitcoin Sports Betting Deposit - Bitcoin Sportsbook Benefits and Features
U.S. Gamblers have new way of depositing and withdrawing funds online anonymously. So if you are one of the many sports bettors that are looking for a better deposit and withdrawal option, then Bitcoin could be your answer.
Did you know that you can bet on sports and fund your account using Bitcoins? That’s right, Bitcoin’s virtual platform is enabling gamblers to get around regulations banning online betting.
Bitcoin recently set an all-time high in terms of value and online bookmakers and Casinos highly prefer Bitcoin to other deposit methods. Bitcoins are virtual currency unconnected to any country, unlike other currencies on earth. It has no physical form in paper or coin, but instead computers "mine" bitcoins by generating new ones at specific duration and depositing them into virtual bank accounts.
So if you are looking for a way to bet on the 2017 NFL Football games and have 24-hour to access to Bitcoin, the gambling sites we list below are by far your best alternative.
NFL season will be here sooner than later, and the football betting action takes fans from NFL Preseason games in August to the NFL Super Bowl with plenty action in between.
The first thing you need to know is that deposits are almost instantaneous and there are no limits or fees regarding withdrawals.
1. Free and instant deposits/withdrawals of any amount, 24 hours a day and 7 days a week.
2. The sportsbooks save ample amount of money in transaction processing and charge backs, which allows them to give you better odds.
3. Betting anonymously makes it impossible for a sportsbook to limit you for winning too much or to sell your details and credit card information.
4. Betting anonymously makes it easier to avoid legal restrictions and tax burdens.
Players can also fund their sportsbook account using GreenDot MoneyPak, and other payments are also accepted, including credit card and person-2-person transfers.
How Bitcoin Works
If you want to send money to a sportsbook using Bitcoin, it is a very simple process.
First, you need to buy some Bitcoins. That is done by setting up an account with a Bitcoin exchange. This doesn’t cost anything and it allows you to put money into the exchange and buy and sell Bitcoins.
For example, let’s say you go to one of the leading Bitcoin exchanges like Coinbase or Bitfinex. You set up an account with them, which can include linking your account to your bank account. You then transfer money from your bank to the exchange. Once the transfer is complete you can buy Bitcoins. You can then go to your favorite sportsbook and make a Bitcoin deposit.
And keep in mind that Bitcoin is not controlled by any bank or any government, so it has no regulations. It is a virtual currency that gives players a way to keep their anonymity and also keep transfer costs low.
Bitcoin Sports Betting Advantages
Many sportsbooks are now offering incentives to use Bitcoin that include deposit bonuses. As noted earlier, sportsbooks have found Bitcoin to be an excellent money transfer method, so they are offering incentives for their customers that use Bitcoin.
Once you have set up your Bitcoin account, the transfer of Bitcoins to the sportsbooks is easy and fast. Unlike many methods that can take days, Bitcoin transfers are normally completed the same day, oftentimes within minutes. If you are tired of using credit cards and banks to send money or get money to and from sportsbooks, then Bitcoin is your best option.
Anonymity was mentioned earlier and it is a huge advantage to using Bitcoin. You don’t have to provide much information to sportsbooks and you don’t have to provide much when you set up a Bitcoin account.
Another advantage to using Bitcoin is that you are not going to have your transaction denied. The problems U.S. players face when using credit cards or banks are not an issue with Bitcoin users because this currency is not controlled by the government. Bitcoin transactions are going to go through, period.
Bitcoin is the anonymous online currency that has been gaining traction in recent months with a handful of more mainstream outlets, including Walmart, Seven Eleven and now, online gambling sites, are embracing the new Bitcoin payment platform.
Not only is Bitcoin popular with traders, as the stock price of Bitcoin recently set an all-time high at $1400, but it is popular with sportsbooks because it is a cost-effective, and reliable way to transfer money.
How often have you tried to deposit or withdraw money at a sportsbook and had trouble with credit cards, banks or wires? Sportsbooks have had the same issues, which is why they love Bitcoin. They don’t have to deal with the chargeback risk when using Bitcoin, and there are no banks involved.
Sports betting players always want anonymity and Bitcoin is the perfect cyber currency for anonymity. It is also a low-cost option for players to send and receive money at sportsbooks, and bicoin transactions are fast.
The cryptocurrency known as Bitcoin, was invented in October of 2008 and released in 2009. The system is known as a peer-to-peer system of transfer taking place from one user to another. The transactions are recorded on a blockchain and they use Bitcoin as the unit of measurement. According to a Cambridge University study, there are between 3 and 6 million Bitcoin users. That number is up more than 300 percent in just the last four years.
Bitcoins are stored in what are known as Bitcoin wallets. These electronic wallets are used to hold or store Bitcoins and they can be used to buy or sell Bitcoins. The encryption system used by Bitcoin is a public-key cryptography that is automatically created for each Bitcoin address and for each Bitcoin transaction. The Bitcoin address, or key, is the only way that Bitcoins are identified. Many users choose to generate a new Bitcoin address for every transaction.
Top Rated Sportsbooks that accept Bitcoins
|Rank||Review||Sign Up Bonus||Bonus Code||Rebate||Mobile||USA||Score|
|1||Bookmaker||100% up to $300||GP100||8%||Yes||Yes||100|
|2||BetDSI||100% up to $500||GP300||8%||Yes||Yes||100|
|3||5 Dimes||50% up to $200||N/A||9%||Yes||Yes||100|
|4||Bovada||50% up to $250||N/A||5%||Yes||Yes||98|
|5||BetCRIS||20% up to $500||GPC25||8%||Yes||No||100|
After filling out a simple application form you will be betting online within minutes.
Plus, the sportsbooks that we list on our site are offering a HUGE cash bonus just for opening an account.