Are you looking for a way to place sports bets on your favorite teams without leaving the comfort of your home? Bitcoin offers a fast, safe, and easy-to-use virtual currency that can be used to place bets on sports events worldwide.
Sports betting was one of the first sectors to accept bitcoin widely. A recent report from the World Wide Betting Index stated that payouts on sports betting had risen more than ten times since 2013, rising from $4.4 billion to $77.5 billion – a rise of 673 percent. This big increase can be attributed to an increased usage of bitcoin as a payment solution that has enabled bettors to accept payment quickly and efficiently.
With hundreds of bitcoin betting sites, the bitcoin sports betting market is becoming increasingly competitive. The increased demand has increased the number of bitcoin betting sites and bitcoin sportsbooks because many more bettors are out there now.
What are the advantages of using bitcoin and other virtual currencies to bet on sports?
The main advantage of betting on sports with bitcoin is that you can get started in minutes. Once you’ve set up your account, there are no delays on withdrawals from your sportsbook and no extra fees, unlike when withdrawing from an online casino.
Many betting sites and bitcoin sportsbooks will also offer sign-up bonuses, giving you even more value. Some online casinos will even match the bonuses offered by other competitors.
One of the biggest advantages of betting with bitcoins is that it allows you to place a bet with a fraction of what you’d normally pay. You’ll most likely end up paying less than or equal to what you would by placing your same bet on credit cards or usual methods.
How do I bet with Bitcoins?
First, you’ll need to create a bitcoin account, which is very easy, and you can do it from your mobile phone. Once you’ve signed up, there’s no need to deposit money because bitcoin is not tied to any bank accounts. This means that you can place your bet with bitcoins and get your money for the same day or even minutes after placing the bet, as opposed to waiting days or weeks as it typically takes when placing bets with credit cards.
Once you’ve made your account, visit the website of the bitcoin sportsbook or betting site you want to use and create your account on their site. You’ll have to enter a username, password, and email address. Then you can start by depositing bitcoins in your sportsbook account.
Bitcoin is a very secure way to place bets since it’s impossible for the bookmaker to develop a fake transaction that is intended for you. Each transaction is linked by blockchain technology.
Get to know about the top 5 Bitcoin Sportsbooks & Crypto Sports Betting Sites:
- Stake
The stake is a well-liked choice for placing cryptocurrency bets on sporting events and casino games for several reasons, including its slick user interface and the selection of sports and games they provide.
Despite not providing a welcome bonus, they are among the top cryptocurrency gambling sites in terms of VIP benefits, cashback, and bonuses. They also offer an array of games and sports you can bet on, ranging from the popular ones like soccer to some of the more obscure ones like handball.
- Cloudbet
This is a sports betting website that also has casino games. The website provides a huge variety of games and sports to gamble on. Cloudbet offers anonymous play and high security with SSL encryption and 2-step verification.
It’s one of the top sportsbooks in crypto sports betting because of its generous bonuses and loyalty program. They are also a bookie that accepts only bitcoins, and they have an easy-to-use website that supports English, German, Spanish, French, Portuguese, and Romanian.
- Sportsbet
Sportsbet provides both an excellent sportsbook and a great selection of casino games. Fun, Fast, and Fair are their three guiding ideals. They are ranked as one of the top bitcoin sportsbooks and have a solid reputation for their integrity, customer service, and support.
They offer various sports betting opportunities, including tournaments, leagues, and single games. Sportsbet is one of the few sites that doesn’t have a welcome bonus. However, they offer a loyalty program that offers value to players and is one of the most lucrative.
- Thunderpick
Thunderpick is a very reliable sportsbook and casino that provides end-to-end cryptocurrency gaming. They are one of the few sportsbooks that offer an exclusive no-deposit bonus. They offer a selection of a wide variety of events and leagues to gamble on, including important tournaments like the World Cup and the NBA finals.
It’s one of the best bitcoin sportsbooks for customers in terms of customer service, bonus programs, and withdrawal options.
- MyStake
MyStake is a reliable sportsbook that offers various bets on events and leagues for different sports. They are among the top bitcoin sportsbooks regarding payout terms and no-deposit bonuses.
It is also one of the most transparent cryptocurrency betting sites because they have a 24/7 live chat to answer any question about your account or betting. They are very fast in processing your deposit, withdrawal, or bet request.
FAQs:
- Do sportsbooks accept Bitcoin?
- Yes, sportsbooks accept bitcoin and other popular virtual currencies such as Ethereum and Litecoin.
- Can I gamble online with Bitcoin?
- Yes, you can deposit and withdraw cash from your bitcoin casino account.
- Do I have to create a bitcoin wallet before placing a bet?
- Yes, it is recommended that you generate a secure Bitcoin wallet before placing a bet because of the high level of security offered by blockchain technology. Using this process, you can prevent fraudsters from stealing your money and ensure that your bitcoins are safe and protected.
- Is it safe to bet on Bitcoin?
- Yes, bitcoin is one of the safest ways to gamble since the bookmaker cannot come up with a fake transaction that is intended for you since each transaction is linked by blockchain technology.
- Where can I use Bitcoin to place my bet?
- You can use bitcoins at any online casino or sportsbook as long as it accepts cryptocurrencies, and you can easily make your deposit and cash out.
