Bitcoin Betting

Bitcoin has exploded in popularity over the last few years, and it’s become an online sensation. But what many people don’t realize is that gambling and Bitcoin betting go hand in hand. In fact, one of the most popular kinds of cryptocurrency betting involves using Bitcoin to place wagers online, making it easier than ever to place bets with your digital currency rather than physical cash or fiats. Bitcoin gambling sites are an increasingly popular alternative to traditional betting venues, and they come with all the thrills you expect from traditional casino games and sports betting without any of the major drawbacks. In this guide, you will learn about online Bitcoin betting as well as popular crypto sportsbooks while we will also answer some frequently asked questions by people who are new to online Bitcoin betting.

How do we Rate Online Bitcoin Betting Sites

Betting with bitcoin is not only exciting, it’s also a great way to make money while enjoying tons of benefits along the way. But how do we find the best bitcoin betting sites? Here are some important factors that are considered before mentioning or listing a site in our guides:

1. Security and Licensing

When it comes to betting with bitcoin, there are a number of important factors to consider. First and foremost, you need to make sure that the website you’re betting with is legitimate and legal. The good news is that many sites now offer licensing information on their websites so you can verify this for yourself. You’ll also want to make sure they have a secure connection (HTTPS) so your personal information isn’t compromised during transactions.

2. Customer Support

If you have a problem with your casino account, a feature broke or payouts and deposits are taking longer than expected, who will you go to for help? So only include online crypto casinos that provide an excellent experience for both gamblers and customer service representatives alike.

3. Reputation and Trust

There are a lot of sites that claim to offer betting with bitcoin, but not all of them are legitimate. Even though we strive to only list fully licensed, trusted, and reputable online crypto casinos, it’s still important for you to do some research on your own before deciding which one you want to use for your betting needs. Some sites may be more popular than others, but in the end, it really comes down to what feels right for you and which site offers the best odds for the type of bet you’re looking for.

How to Start Betting

To get started with BTC sports betting, below is a minimal guide which can follow:

Select A Sportsbook

There are many sportsbooks to place a wager on, choosing and sticking with one will be a great choice. This will not only increase your chances of winning but will also get you familiarized with the sportsbook. Knowing the rules, ins and outs will be of great help when making betting decisions.

Register an Account

Once you’ve decided on which sportsbook to choose, the next step is to create an account with an online crypto casino. Popular options are Cloudbet, Wild casino, Winz.io, BC. Game and many more. Just signup with your email and enter a secure password to help keep your account safe.

Deposit

After creating an account with a crypto casino. You have to top up your account balance so start betting with no restriction. You can Buy bitcoin or other cryptocurrencies on sites such as Coinbase, eToro, Binance, and many more.

Enjoy

After depositing, it’s now time to immerse yourself in the action. Start placing bets on your preferred sportsbooks.

How to Make a Deposit with Cryptocurrency

Topping up a casino account balance is somewhat technical and this is where a lot of people get lost. Follow the below step-by-step guide to funding your betting account with ease:

1. After you’ve chosen a sportsbook and your online crypto casino. Visit LUNO to buy Bitcoin with your credit/debit card.
2. You can choose to store the bought coins in your LUNO wallet or transfer it to an external wallet. Now navigate back to your crypto casino account and choose to deposit. You will be provided a wallet address to that you can transfer the coins to.
3. Once this is done, wait for the transaction to be confirmed and it will reflect on your account.

Popular Sports at Crypto Sportsbooks

If you’re into Bitcoin betting, you probably want to place a wager on popular sportsbooks only. This will increase your chances of winning, below are some of the most popular sportsbooks in the world of crypto betting:

1. Football/Soccer

With the World Cup just around the corner, it’s time to get your bets in. Football/Soccer has been a popular game around the world for many years, with teams from Europe, America, Asia, Africa and many more always vying for that many coveted titles. With more and more people betting on football games, many casinos have started accepting bets with bitcoin. 2. Basketball Basketball is a popular sport that is played all over the world, and there are a number of betting options available for those who enjoy it. There are betting sites that allow you to bet with bitcoin on games from major leagues like the NBA.

3. Boxing

Boxing is a combat sport in which two people fight each other using their fists. The sport originated over a century ago and has evolved significantly since then, with the introduction of boxing gloves to protect fighters’ hands, feet and faces. A boxing match usually consists of 10 or 12 rounds, which are divided into three or four-minute segments. You just have to bet on one of the two fighters present in the ring to win.

4. MMA (Mixed Martial Arts

Mixed martial arts is an exciting, full-contact combat sport where two fighters combine skills from different disciplines to compete against each other. The goal is to either knock out or incapacitate the opponent using a variety of striking and grappling techniques. Mixed martial arts is also referred to as cage fighting. UFC stands for Ultimate Fighting Championship, which is the biggest MMA promotion company in the world. With so many amazing fights and champions, it’s no wonder that people are betting on mixed martial art events in increasing numbers.

FAQs

Are Bitcoin Sports Betting Sites Safe?

Betting with Bitcoin on crypto sportsbooks is absolutely safe if you choose to use popular and already established online crypto casinos such as BetOnline, Cloudbet, or Wild Casino. However, remember that Bitcoin is anonymous and hard for authorities to trace. This means that if you gamble with bitcoin, you will have a much harder time getting your money back if something goes wrong. This is why it’s recommended to only gamble using Bitcoin on popular crypto casinos only.

Is Bitcoin Gambling Legal?

There is no specific law or government that regulates Bitcoin betting. For this reason, it’s not prohibited or banned since it’s a decentralized network. But make sure to check your country or state’s local laws and regulations just to be clear, as there are minor laws associated with Bitcoin betting in some parts.

Do Bitcoin Betting Sites Offer Bonuses?

Yes, they do! This is in fact one of the many major advantages of Betting with Bitcoin over FIATS. There are tons of bonuses, first-time offers, VIP perks, cashback, promos, and discounts to be earned on online crypto casinos.

Is Bitcoin Betting Site Withdrawal Really Instant?

Few online crypto casinos process withdrawals in less than an hour, this is because crypto transactions don’t need to be held, managed, or approved. Once you request payouts, getting payment notifications is quick because of cryptocurrency’s decentralized nature. But at times, payouts might take longer than an hour. In this case, just be patient and be expecting it to go through in 24 hours. If nothing happened within this period, make sure to contact your crypto casino customer support.

Conclusion

Betting with bitcoin is a great way to make sure you never have to deal with the major disadvantages of FIATs betting. All of the top sites offer great odds and instant payouts, so it’s worth signing up for one and trying them out. You may find that one site offers the perfect balance of betting options, odds, game selection, and more that you want.