Introduction to Bitcoin Betting​

Bitcoin is the leading and most popular cryptocurrency. Bitcoin betting is the use of the BTC cryptocurrency to wager on the outcome of an event. Although the concept of Bitcoin is not new to anyone with a bit of knowledge of crypto. Bitcoin was founded 13 years ago on 3 January 2009. It is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network.

The best Bitcoin betting sites are the ones that are safe, trustworthy, and offer bonuses. They can also offer other benefits that can make life easier for bettors. And of course, you can immediately withdraw your funds and enjoy it. To learn about Bitcoin betting we have taken you through the basics. In this article, we describe what Bitcoin betting sites are, the standards we used to evaluate the websites, and how to start betting. We’ve also answered some FAQs that surround BTC betting.

How do we rate Bitcoin Betting sites?

Bitcoin betting sites are platforms that allow users to wager bets through the use of crypto. We rate Bitcoin sites to check their credibility. The criteria that we use to rate the best BTC betting site, and you can use them to choose your Bitcoin sportsbook,

Security & Licensing

The most important criteria in rating BTC casinos is the security and licensing. A lot of platforms are on the internet to scam vulnerable people out of their cryptocurrencies. Bitcoin can be hacked so we are trying to help protect you as much as possible.

A licensed betting site always signifies on the website to show it’s safe to wager on the platform. Gambling lIcenses are documents that are put in place to help protect vulnerable people. These documents are only given to betting sites that have gone through a very strict check.
A safe website is one with an outstanding reputation. It’ll be licensed to operate in your country and you can trade your Bitcoin on it. Even if you mistakenly register and add money before discovering it’s not supported in your country, such a website in most cases will return your money. A secured website will not even allow you to register and deposit funds if you’re registering from a restricted country.

Customer Support

This a service provided to users on betting sites, It is there to provide immediate replies to users. Customer service can also help new users enjoy their gambling experience and make sure all obstacles they face are swiftly taken care of. The importance of good customer service cannot be emphasized enough when it comes to betting online. A good Bitcoin sports betting site customer service must be ready to respond quickly and easily to players’ inquiries, especially new ones.

Websites Design

The user interface of a Bitcoin gambling site is also another important criterion in rating Betting sites. A very complicated website design will stress users and make them prone to mistakes. If the website design is user-friendly customers will enjoy their games well. A good website must be attractive, easy to navigate, and its services easily displayed.

Sports Accepted

Before choosing any betting website, check if you would be allowed to choose your choice of sporting events and markets. This is because not all Bitcoin betting sites offer all events. Understand an event before choosing it to prevent you from losing your cryptocurrencies. Most Bitcoin sports betting sites offer a wide range of game options in their library.

Bonuses and Promotions

These are tools betting sites use to attract new users. There are different bonuses for different people. We have four main types of bonuses, which are: Welcome Bonus, Free spin, Bonus codes, and No Deposit Bonus.

A new player may be rewarded with a welcome bonus upon signing up. While the requirement for this varies, it’ll most likely come in the form of a matched deposit bonus. You can also be rewarded with poker chips, free spins, or even cash prizes if you’re using the Bitcoin platform for the first time. Our enlisted sportsbooks also reward existing players with ongoing bonuses. Other bonuses that they offer other than the welcome bonus are deposit bonus, Free Bets, no deposit bonus, and more.

How To Start Betting

This section is to put you through how to start playing Bitcoin betting sites. Using Bitcoin Betting sites is very easy but one still needs to be very careful because a wrong step can make one lose a lot of money.

Select a sportsbook

Selecting a sportsbook is the first step in starting Bitcoin betting. Critically check the different available Bitcoin websites. So as to select one that provides all your needs and to select one which is relatively safe. While selecting a BTC site check the reputation and track records,
check the details of their available game selection.

Carefully read the site’s terms and conditions to make sure they are fair. Checking whether the site offers bonus codes to access bonuses too – welcome bonuses, first deposit bonuses, and more to new customers. After this, you can then proceed to choose the appropriate sportsbook.

Register an Account

After selecting a BTC site that suits your preference. The next step is to create an account. This is very easy as you just have to input your information in specified boxes. You might need to verify your details. Then finally you need to put in your payment information. Note: while registering don’t forget to put in the bonus code if the site offers the bonus.

Deposit

Funding your wallet is the next step after creating your account. There are different modes of payment on Bitcoin gambling sites. Most of the methods are easy and self-explanatory

Enjoy

After all the above steps just sit back and enjoy your gambling.

How to make a deposit with cryptocurrency

The following steps are to highlight funding your Bitcoin gambling sites.

After selecting a Bitcoin site of your choice. Creating your account comes next. After you have successfully created an account. You go to fund Wallet. You will select Bitcoin as the cryptocurrency you want to deposit. An Address will be generated for you. Once you have copied the address, open your crypto wallet and choose to send out the amount of Bitcoin you want to send. The address you want to transfer to will be required, all you have to do is paste the address you copied from your betting site. The transaction will be completed in a jiffy.

Popular Sports at Crypto Sportsbooks.

There are lots of sports on Bitcoin gambling sites. The most popular are.

Football/ Soccer.

This is one of the most popular events on Crypto Sportsbooks. It allows users to wager on the outcome of different things in a football match. It covers all recognized leagues across the world, although some sportsbooks might have limitations. You can wager on, the winner, the number of corner kicks, red cards, etc.

Basketball

Most North American sports including basketball don’t end in a draw; instead, they’ll go into overtime. However, should a team win the game during overtime; they’ll win the bet. And of course, there have been ‘tie’ records in American football games. So, players must check for overtime in their original bet.

Boxing

You can Bet on a legal match. You can wager on the winner and how many rounds the match will take.

Other sports available on Sportsbooks are MMA, Tennis, Horse Racing, Global Sporting Events, esports, etc.

FAQ:

Is betting with Bitcoin safe?

Yes, betting with Bitcoin is safe as betting with fiat currency. However, one has to carefully check their deposit and withdraw on the site because Crypto transactions are non-reversible. There is always the probability of losing wagered bets.

Is Bitcoin betting Legal?

Bitcoin betting is legal in most countries, and it’s similar to betting with fiat. Check if sports betting sites and Bitcoin are legalized in your country.

Do Bitcoin betting sites offer bonuses?

Bitcoin betting sites offer users great bonuses.

Can I withdraw from Bitcoin betting instantly?

Yes, you can cash out from some BTC betting sites instantly because betting sites use automated payouts. Some can even pay directly back to your wallet.

Conclusion

This article provides comprehensive knowledge of Bitcoin betting sites. We explained how to start betting, and how to make a deposit with cryptocurrency. We also explained the popular sportsbook and some frequently asked questions that surround sports betting with BTC.