đź’ˇ Why using
BTC for online betting
has become the new normal…
Online betting is big business – and the brands involved are forever expanding and diversifying their service offerings. In recent years, significant strides have been made in terms of payment options and cyber security, and the rise of Bitcoin in the late 2010s is largely to thank for this.
These days, crypto payments are estimated to account for more than a quarter of all online gambling payments, and an ever-increasing number of online bookmakers are beginning to accept Bitcoin and other cryptocurrencies. In fact, new Bitcoin casinos and
crypto betting sites
appear to be cropping-up by the day.
But why? Well, aside from the obvious increased demand as Bitcoin becomes more mainstream, betting with Bitcoin and
crypto betting bonus
offers sports fans a ton of incredible benefits that aren’t usually on the table with other payment methods.
👍🏻 Find your perfect Bitcoin betting site
There are countless Bitcoin betting sites out there, and most of them should give you a decent way to play. However, there are also a handful of rogue operators who should be avoided at all costs.
Thankfully, I’ll make it easy for you to find a great
Bitcoin betting site. This is because all you have to do is to check out the betting sites featured in the banners of this page and you’ll find that each one of them gives you a superior way to bet with Bitcoin.
The key thing to note here is the fact that the banners will automatically log your location and make sure that you only see those Bitcoin bookmakers that are legally allowed to operate in your country. This means that you can legally sign up to these sites, and enjoy a safe and fair way to enjoy some quality Bitcoin betting. Just don’t forget to pick up your welcome bonus when you sign up.
🌟 The three top benefits of
BTC betting
revealed
If you’ve dabbled with Bitcoin bookmakers before, I’m guessing you’re probably already in-the-know about the amazing benefits on offer. But if you’re new or in need of a quick reminder, Bitcoin sports bettors get to enjoy:
Fast transactions
Cryptocurrencies generally are known for their speed, with the Bitcoin network in particular capable of processing between three and six transactions every single second. Now of course, only top Bitcoin
crypto casino sites
and bookmakers will pass this benefit on to their customers.
Generally, though, you can almost always expect faster deposits and withdrawals with Bitcoin than with credit cards or conventional e-wallets when iGaming, options like
Litecoin betting sites
can come close and are always worth looking up.
Enhanced security
I don’t want to bore you with too much tech jargon here, but Bitcoin operates on a multi-layered blockchain network, which utilises a ton of “transaction hashing” volunteers to ensure the utmost security. In a nutshell, this just means that transactions themselves are irreversible and impenetrable. And in turn, this makes BTC betting always a safe option when iGaming.
Bitcoin itself also has a longer-standing history and rep than other cryptocurrencies, too – another reason it’s considered one of the safest of the lot.
Greater privacy and anonymity
All the tech mentioned above ensures each Bitcoin transaction has its own alpha-numerical “public key” which is largely considered “pseudo-anonymous”.
Now, what this basically means is that while the transactions themselves can be monitored online, the
identities
behind public keys can never be seen. This essentially offers you a whole new level of anonymity online, and this ultra-privacy is one of many reasons Bitcoin is so popular.
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đź’° How to place bets using
online BTC betting websites
Using Bitcoin to bet on sports online is, with most brands at least, pretty much identical to doing the exact same thing with a fiat currency. Now, all iGaming sites are slightly different from one another, but the process will usually involve some variation of these steps:
| What to do 🤷 | How long it should take ⌛ |
| Step 1 | Find a reputable BTC sportsbook via my expert comparisons here at Jaxon, then register a new account. | 2-3 minutes. |
| Step 2 | Set up a compatible crypto wallet. How? Check which wallets are supported by your preferred betting brand, then go for one that offers fast transactions and competitive fees. | 5 minutes, maximum. |
| Step 3 | Purchase some BTC at a reputable crypto exchange. Once it’s in your wallet, return to your bookmaker, click “Deposit” and follow their process for dropping some BTC into your account. | Maybe 10 minutes? Most brands process BTC deposits instantly and will offer helpful “how to” guides and videos if you’re unfamiliar with how they operate. |
| Step 4 | Once your betting site’s account has some BTC funds, simply start placing your bets, just as you would with a fiat currency… | This one’s on you. It all depends on how many bets you’ll be putting down, where and of what kind. |
đź”’ Tips for safe and responsible
BTC betting
Safety should always be paramount when using online betting sites – that’s pretty much the golden rule of iGaming. To get more out of Bitcoin betting and ensure all your experiences online are 100% safe and fair, be sure to follow these tips:
Read-up on your bookmaker’s credentials
Any online sports betting sites should be legal in your country and properly licensed, else you’ll effectively be breaking the law by using them.
Always read up on the brand’s credentials and background before registering – a company’s privacy policy and T&Cs pages are good places to start. Or, of course, you can just jump into my trusted, deep-dive reviews of individual betting sites.
Double-check their sports odds and casino games are fair
There are a lot of bookmakers out there, and some offer better odds than others. You should either make odds comparisons between providers for yourself, or read my individual brand reviews, which routinely pit competitors against one another in this area.
The best crypto sports betting sites will use Random Number Generators (RNGs) to ensure totally randomized game outcomes. Some BTC-friendly sites will also offer provably fair, blockchain-verifiable outcomes, too – which are definitely worth looking out for.
It can sometimes be tempting to go a bit wild when registering with an exciting new Bitcoin bookmaker – especially if they’ve a generous bonus on offer.
That said, I’d strongly advise mapping out a clear-cut betting strategy before you play, imposing a few self-limitations on the daily or weekly, and sticking to your game plan no matter what. Having a consistent strategy is, after all,
everything
in iGaming. Try not to spread yourself to thin and have
Ethereum betting sites
bonuses running at the same time, you could end up missing out if your concentration is split.
Claim Bitcoin bonuses – but only if they’re appropriate and fair
All the best Bitcoin betting platforms offer welcome bonuses to first-timers, and by and large I’d advise taking advantage of these – but only if they slot in nicely with your broader betting strategies and goals.
Oh, and before claiming any bonus, you should of course make sure it offers a fair amount of bonus bets and is fully-compatible with Bitcoin deposits if some up-front cash is required to activate it. Double-check whether any region or country-specific promo codes are required, too.
Sign-up for a hardware BTC wallet over a software one
Crypto wallets come in two key iterations – hardware and software wallets. While most Bitcoin casino apps and bookmaker sites will let you hook up either for your deposits and withdrawals, hardware wallets are generally considered safer than their software counterparts.
Why? Well, a hardware wallet can offer you the amazing capability to store your private BTC keys
offline, making them completely, 100% hacker proof. Pretty incredible, right?
đź‘€ Other betting payment methods to consider
While Bitcoin is a great payment method for online betting, it’s not perfect. Plus it’s worth noting that BTC might not actually be available at the sportsbook that you want to use. So here are some alternative payment methods to consider when looking to bet online:
- Other cryptos:
There are seemingly limitless other crypto coins and many of them can be used for online betting. Check out the likes of Ethereum, Litecoin and
Dogecoin betting sites
you might find faster processing times and lower fees compared to Bitcoin.
- Debit and credit cards:
There’s something reassuring about using card providers like Visa and Mastercard. After all, they let you make secure and instant deposits, although those withdrawal times can be a little slow.
- Ewallets:
PayPal, Skrill and Neteller are just some of the ewallets found at online betting sites. These offer you a convenient, secure and fast way to make deposits and withdrawals, although you might not be able to get some betting bonuses.
- Prepaid cards:
Check out the likes of Paysafecard as this lets you make betting deposits without even having to have a bank account. Just note that you cannot make withdrawals with prepaid cards.
- Bank transfers:
Finally, there’s the old-fashioned bank transfer. Good for security and limits, not so good for processing times.
🏆 Final takeaway – how to get more out of
Bitcoin betting
todayÂ
So, BTC online betting platforms are not only super-hot right now, they’re equally easy-to-use. Placing bets in Bitcoin is largely the same as betting using fiat currencies once your crypto wallet has been set-up, and Bitcoin bettors benefit from greater online privacy, faster deposits and withdrawals, and enhanced digital anonymity to boot. But what’s the key for getting more out of betting with Bitcoin online?
Well, just to recap – I’d suggest combing through an operator’s T&Cs and privacy policy to ensure they’re properly licensed and legally available where you live. You should also look out for the likes of RNGs and provably fair odds and consider the pros of using a hardware wallet over a software one. You got all that? Good. Now go ahead and get gaming.
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đź“– Bitcoin betting
FAQ
âť“
Can I use Bitcoin at sports betting websites?
You can, but only if your bookmaker supports BTC and you’re betting from a location where BTC betting is legal. Get to grips with everything you need to know by reading my latest crypto gaming guides here at Jaxon.
đź’°
Which online sportsbook has the best Bitcoin bonus?
There are plenty of brands out there offering bonuses to BTC bettors, but I think the deals mentioned in the on-page banners are well worth checking out. Read my detailed reviews of each operator before you bet now.
đź’µ
Do I need a crypto wallet to play at Bitcoin casinos?
You do, but it’s easier to set one up than you might think. Discover all you need to know with my Bitcoin and crypto betting guides and also
crypto casino bonus
info today.
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