What is Bitcoin Sportsbook and how to find one? The crypto-currency Bitcoin (BTC) is the talk of the town. After the Internet currency has taken root in the area of some online casinos, the demand in the sports betting area is also increasing.
What is Bitcoin Sportsbook ?
Many players want to be able to place bets on sports bets with the currency Bitcoin. In fact, betting with bitcoins is already possible with some bitcoin casino providers. Because the Bitcoin has become usable for everyone through simple wallet solutions that can be purchased or created online.
If you have no idea what is Bitcoin Sportsbook and how to find one? Here we will discuss everything about it.
How to do Sports Betting with Bitcoin work?
Sports betting with Bitcoins are handled in exactly the same way as sports betting with conventional currencies: Just log in to the provider and select Bitcoin (BTC) as the deposit option. You can now transfer the bitcoins and set them to the corresponding sports events.
Is there an extra bonus for deposits with the cryptocurrencies?
Players of the renowned sportsbook providers know that in some cases there are special bonuses on selected deposit methods. Of course, it is conceivable that even with Bitcoin deposits there is a separate betting bonus. However, this bonus form is not known to the former bookmakers who allow bitcoins.
Advantages of payments combined with Bitcoin:
Who pays with Bitcoins, is independent of banks and financial systems. Bitcoin payments are so far not controlled and reconstructed. Anyone who values betting anonymously can actually do this with the help of bitcoins.
Nothing appears on the credit card bill or on the bank statement that would be associated with sports betting. Unfortunately, bitcoins are still very volatile in price. The prices of cryptocurrencies are unpredictable and considered highly speculative. Depending on the activity of the Bitcoin network, transactions can take a long time and also involve high transaction fees. This makes betting with bitcoins temporarily unattractive.
Compared to traditional payment methods, sports betting with Bitcoin and other cryptocurrencies offer many advantages:
Payment speed for Bitcoin Sportsbook :
Deposits and withdrawals are done in a few steps. Often the credit is available after seconds. Maximum passes a few minutes.
With direct transfers via Bitcoin and Co., the bookmaker receives no sensitive customer data. There is therefore also no danger that third parties have access to. Check more about the transactions here.
In the case of pure Bitcoin betting providers such as Cloudbet, registration takes place exclusively with the provision of an e-mail address and the date of birth. Also, no documents need to be uploaded for verification (identity card copy, proof of address). Thus, largely anonymous bets are possible.
Suppliers who can place bets on sports betting with Bitcoin generally do not charge for payment transactions.
How can I buy bitcoins for sports betting?
The best way to acquire cryptocurrencies is through special online marketplaces. On the internet, there are many legit platforms for the purchase of bitcoins.
By registering, you create a customer account that first has to be verified. This is usually done by means of video or post-identification procedure with the identity card.
Then you connect your account to a common payment method, for example, the bank account. After that, you can both buy and sell bitcoins. Of course, you do not have to purchase full Bitcoin, but you can also buy shares, for example, 0.05 BTC.
Follow the Simple Steps :
To do this, simply enter the desired value in the search mask and then choose from a variety of offers. You will see the respective exchange rate, which can sometimes vary greatly.
A comparison with the official course is therefore strongly recommended.
Complete anonymity in sports betting thanks to Bitcoin:
Anyone who deposits by credit card or bank transfer must always disclose their own personal data. This is different with payments with Bitcoin: anyone can create a Bitcoin Wallet without having to reveal specific data about themselves. So if you value it, you can use Bitcoins anonymously in the field of Sports bets and bring profits to pay.
How to find the best Bitcoin Sportsbook?
Find the best Bitcoin sportsbook where you can play in the most incredible bitcoin games and with the best prizes. Throughout this Bitcoin casino guide, we are going to recommend the best casinos and websites to play with this digital currency, so you do not have to go crazy online looking for the best Bitcoin online games.
And you can focus on your Bitcoin poker games in Bitcoin casino or Bitcoin Sportsbook and you can earn more by being quiet and clear. Normally the same bitcoins casinos have Bitcoin sports betting section on the same website, so you do not have to be changing from one website to another, to enjoy your favorite Bitcoin casino games, and enjoy all the advantages that games offer you.
Popular Bitcoin Sportsbook Platforms – 2019:
What is Bitcoin Sportsbook and how to find one?
Bitcoins are only slowly reviving the sports betting market. Although the cryptocurrency can already be used by some bookmakers, the market-leading, reputable providers sometimes continue to hold back on the offer of Bitcoin transactions. For those who value betting anonymously, Bitcoin deposits at the bookmaker is certainly an attractive option today. However, if you prefer fast real-time deposits and you do not want to be exposed to the widely fluctuating Bitcoin price, which is also associated with fluctuating deposit fees, you should continue to use classic deposit methods.