Bitcoin sports betting is a comparatively new trend, but there is every indication that the digital currency will be used by more and more users in the future. This is mainly due to the tempting properties of this means of payment, because transactions with Bitcoin are particularly secure due to their anonymity, can be processed quickly and cost only a micro amount. In this guide we show where you can place Bitcoin sports betting today, what advantages this has for you, but also what needs to be considered.
We also present Bitcoin betting providers that are reputable. This Bitcoin betting site list is not complete, because we have not included our Bitcoin betting sites which we suspect. We will also take a closer look at the question of particularly lucrative Bitcoin sports betting bonuses. We will also take a closer look at the question of particularly lucrative Bitcoin sports betting bonuses.
Reputable Bitcoin betting sites 2020
The times when a bookmaker had to be found in persona to bet on a football game or another sporting event are long gone. Modern fans place their sports bets online, which has other advantages in addition to the availability around the clock. For example, betting customers can receive attractive bonuses and benefit from particularly good odds. Find out where you can get particularly good conditions in our reviews.
When we rate online bookmakers, the payment methods offered also play an important role, because it is of course important that customers can deposit and withdraw money quickly and, above all, securely. So far there are not many reputable sports betting providers where Bitcoin sports betting is possible. We looked specifically for Bitcoin betting providers. With a click on the relevant Bitcoin betting site, you can access the relevant review or register directly with the betting site and then pay for sports betting with Bitcoin.
Since Bitcoin had a rather dubious image not so long ago, because the cryptocurrency, which is considered anonymous, was also often used for payments in the so-called darknet, this method is not yet offered by many online bookmakers. The negative reputation has turned out to be largely unfounded, because now more and more reputable companies are investing in the cryptocurrency, and transactions with Bitcoin are sometimes considered safer, like the classic bank transfer or other common payment methods of fiat currencies.
Bitcoin also enables people in totalitarian systems to network and send and receive money without government regulation. Bitcoin makes users independent of banks and their interference in the currency system and ensures that personal data cannot get into the wrong people’s hands when making online payments. Another reason why there are not many Bitcoin betting providers yet is the legal situation, which was unclear for a long time. The makers of Bitcoin have created the alternative currency, among other things, to be independent of state regulatory systems.
Therefore, payments with Bitcoin were wrongly viewed as “semi-legal”. However, it is now clear that Bitcoin has established itself as a serious payment alternative. The coin is also used by large online shops and has long been out of the legal gray area. Therefore, we firmly expect that the possibilities for Bitcoin sports betting will increase in the future and more and more bookmakers will offer this payment method. We consider the following Bitcoin betting sites to be reputable:
Can I get a Bitcoin Sports Betting Bonus?
Most online bookmakers offer a betting bonus for new customers because the competition in the industry is fierce and many users receive an incentive to register with the respective sports betting sites. Such a bonus is usually also available at the Bitcoin betting site. This is usually granted even if the cryptocurrency is used as a deposit method. In individual cases, the bookmaker may even offer a special Bitcoin bonus. Finally, there is also an advantage for the betting provider if the customer uses Bitcoin or another cryptocurrency to top up his betting account.
In contrast to payments by credit card or bank transfer, the bookmaker is not exposed to the risk of fraud, because transactions with Bitcoin cannot be undone. Once the money has been received, the bookie can be sure that it can no longer be booked back. That alone is a good reason to reward Bitcoin sports betting with an additional bonus. Regardless of which deposit method was used to receive the bonus, neither bonus credit nor the winnings can usually be paid out immediately. Finally, the Bitcoin betting provider grants you the bonus so that you can then deal with its betting offer and place appropriate sports bets.
The bonus is therefore kept in a separate bonus account and is not available for payment. If you have generated the turnover generated by the bookmaker with sports betting, the bonus balance will be moved from the bonus account to the real money account. Now you can have it in full and have it paid out if you wish. You can dispose of the credit on your real money account even before the bonus conditions have been met. However, if you request a withdrawal before the wagering requirements are fully met, the bonus will usually be removed from your betting account. Therefore, it makes sense to wait until the bonus can be paid out before it can be paid out.
So that you actually get a financial advantage from the bonus, we strongly advise you to familiarize yourself with the wagering requirements at the Bitcoin betting site in advance. So you can plan your bets accordingly, quickly meet the conditions and then have the money withdrawn.
How can Bitcoin Sports Betting be Placed?
Cryptocurrencies work with so-called blockchain technology and, unlike the fiat currencies known to us, are decentralized. It is therefore not necessary to have a central point to regulate the amount of coins and to verify transactions. This is done jointly by the entire network, in that each user has access to all information. If individual participants in the network fail, this has no influence on the availability and reliability of the bitcoin.
New transactions are processed in so-called blocks, which are then put together as a chain. The transactions are verified by participants in the network providing computing power in order to find valid hash values for new blocks. Bitcoin was the first cryptocurrency in 2009 and is the most widely used to date. Since BitCoin has long proven to be a practical, reliable and secure means of payment, Bitcoin is popular with Internet users. Many betting customers also prefer Bitcoin to classic deposit methods.
This has not escaped the bookmakers, which is why more and more of them are offering deposits and withdrawals via the Bitcoin wallets. In order to be able to deposit with Bitcoin at sports betting sites, a betting account is required. This can be opened easily online. Various methods are then available to the customer for the deposit, including Bitcoin. Now the user still needs a so-called Bitcoin wallet. Anyone who already uses the cryptocurrency for other payment transactions will already have such a wallet.
If there is no wallet yet, it can be opened online with just a few details. The deposit is now made by specifying how much you want to deposit into your betting account. The Bitcoin betting provider then communicates a wallet address to which the customer now only has to send his coins to complete the deposit. After the Bitcoin network has confirmed the transaction, the deposited credit appears on the betting account and can be used to place sports bets.
Buy Bitcoin for Sports Betting – How it Works
In order to be able to pay with the cryptocurrency at the Bitcoin betting site, you must of course first have Bitcoin. You then store these on a so-called wallet, which you can create free of charge from various providers. Management on so-called hardware or paper wallets is even more secure than storing the payment method on an online wallet. But even with the online wallet, Bitcoin can be used fairly safely if you make sure that your own computer or mobile device is well protected from hackers.
At so-called crypto exchanges on the Internet, you can buy Bitcoin and other cryptocurrencies with euros or US dollars. Depending on the payment options offered by the trading platform, payment is made by bank transfer, credit card or another payment provider. As soon as the money you paid has been received by the crypto exchange, it sends the corresponding amount in Bitcoin to the wallet address you specified. Here you can now have the coins and, among other things, pay for sports betting with Bitcoin.
Another option to buy bitcoins online is the so-called exchange platforms. Here the trading price is not specified by the operator of the platform, but determined by the users themselves. You can create an offer with just a few clicks by specifying how much Bitcoin you want to buy and what price in euros you are willing to pay for it. If there is an exchange partner who would like to enter into this trade with you, the trade is concluded.
Alternatively, you can filter the offers already on the platform according to your individual criteria and find a suitable diving partner. Regardless of whether you prefer a crypto exchange or an exchange platform, you should always make a point of buying Bitcoin exclusively from reputable sites. Since transactions with Bitcoin cannot be reversed, in the event of fraud, it is usually almost impossible to get the lost coins back. In the meantime, several large providers have established themselves with strict security measures in place, so that you can safely buy Bitcoin and often other cryptocurrencies there.
Get Started with the Bitcoin Betting Site Step by Step
In order to bet with Bitcoin, a few steps are required. If you want to use the cryptocurrency as a bet for sports betting, you must of course have bitcoins. Bitcoin can be bought online at the so-called crypto exchanges or on exchange platforms. Bitcoin is rarely traded offline because transactions cannot be reversed, which involves a certain risk when buying coins privately. Cash is the preferred method of payment for private offline purchases.
In our table we have listed several Bitcoin betting sites. Which of these bookmakers you ultimately choose depends on your individual requirements. For example, while some betting customers value a particularly high bonus, it is important to others that bets on a certain marginal sport are offered. Still other users only want to register with bookmakers who offer customer service around the clock. In our betting provider test reports, we took a close look at the different advantages and disadvantages of the tested providers, so that you can use these reports to decide which of the tested Bitcoin bookmakers is best suited for you personally.
Even if you use Bitcoin as your deposit method, in most cases you can receive a new customer bonus. Before making a deposit, make sure that the Bitcoin betting site automatically credits the bonus to its customers or that you may need a bonus code. The Bitcoin betting site will provide you with a wallet address for your deposit, to which you can send the desired amount. The deposited credit will then usually be credited to your betting account within a few minutes, depending on how long it takes the Bitcoin network to verify your transaction. Below we have clearly listed the individual steps required for placing Bitcoin sports betting:
- Create Bitcoin Wallet & Buy Bitcoin
- Find Bitcoin betting providers & register there
- Make a deposit with Bitcoin, using a bonus if necessary
- Use credit as a stake for sports betting
Bitcoin Betting Sites – Advantages and Disadvantages at a Glance
For you as a betting customer, there are several advantages to paying for your sports betting with Bitcoin:
1. Bitcoin is more anonymous than other payment methods: To create a Bitcoin wallet, no personal information is required. For the transaction itself, you only have to enter the two cryptographic keys. Your data is therefore well protected and cannot get into the hands of hackers.
2. Transactions with Bitcoin are fast: It usually takes only a few minutes for the transaction to be confirmed by the network. By voluntarily paying a slightly higher transaction fee, you can ensure that your transaction is processed preferentially.
3. There are only very small fees: With many betting providers deposits and withdrawals are free of charge. In the Bitcoin network itself, a transaction is already possible for a fee of a few cents.
4. The value of Bitcoin can rise: Bitcoin has proven to be a serious alternative to the euro, dollar and other currencies in recent years. More and more users trust the cryptocurrency and invest in Bitcoin, which is reflected in rising prices. Your bitcoins purchased today could therefore be worth a multiple of the original price in the near future.
Despite the many great advantages of Bitcoin sports betting, we do not want to neglect the disadvantages here:
1. The Bitcoin exchange rate is very volatile: Just as Bitcoin can increase in value, large losses in value are also possible. So there is some risk from exchange rate fluctuations that are significantly stronger than currencies regulated by banks.
2. There are faster payment methods: A Bitcoin transaction has to be confirmed several times by the network until it is considered verified. Since a new block is only created approximately every 10 minutes, this can sometimes take a while.
3. A wallet is required: For betting customers who are already using Bitcoin, this is not a real disadvantage, because these users will already have a wallet. However, if you do not yet have bitcoins, you must first create a wallet and buy bitcoin. However, you can use other payment methods, such as Trustly, without additional effort. PayPal sports betting also works without delay.
Bitcoin Sports Betting with Mobile Phone or Tablet PC
Modern online bookmakers either offer their customers a free sports betting app for the common operating systems or have optimized their website for use with mobile devices so that it automatically adapts to changing requirements. This means that the entire betting range can also be used on the go, and users can place their desired bet with just a few clicks on the go, in the football stadium or in the sports bar. Since not every customer always has sufficient credit on the betting account, the usual payment methods are also supported in the mobile version.
Bitcoin sports betting is therefore also possible on the go, provided that you have a wallet app from which you can initiate the deposit even without a computer. Such apps can be downloaded free of charge from various trusted providers. Since you can use the mobile Bitcoin deposit to top up your betting balance spontaneously, you can easily register with several Bitcoin betting sites and then always deposit spontaneously where you get the best odds for the bets you have planned. So if you win, you will get more money that will pay off in the long run.
How Serious and Safe are Sports Betting with Bitcoin?
Transactions with Bitcoin are considered very secure because they can only be carried out by someone who has the appropriate cryptographic key for the coins. Personal data is not passed on during the transaction and therefore cannot get into the hands of hackers. Since information, such as the name or even account details, is not even transferred when deposits and withdrawals are made with Bitcoin, this method is considered to be significantly safer compared to credit card payments or bank transfers.
However, it must also be said that thanks to high security standards, the other two payment methods are also considered safe by experts, provided that it is a reputable Bitcoin betting site. Of course, Bitcoin sports betting is only as secure as the associated Bitcoin betting provider. Just like with all other deposit methods, you should therefore ensure that the Bitcoin betting site you have selected has a valid sports betting license. The experience that other customers have with the bookmakers in question is also helpful.
For example, if there are a lot of negative reviews, it usually makes sense to refrain from a government with the respective provider and to choose another alternative instead. A reputable Bitcoin betting site pays strict attention to the security of its customers and attaches importance to encrypted data transmission. This prevents sensitive information from falling into the wrong hands. The general terms and conditions should also state that the bookmaker uses customer data only for a narrowly defined purpose and does not pass it on to third parties without the customer’s consent.
In order not to fall for dubious online bookmakers, when choosing your Bitcoin betting site you should make sure that it has a sports betting license issued by an EU member state. This means that the bookmaker is bound by strict regulations and ensures that winnings are paid out reliably. If, contrary to expectations, there are serious conflicts with the Bitcoin betting site, you can also contact the regulatory authority, which will then review the case and intervene if necessary.
What About Exchange Rate Fluctuations?
Since Bitcoin is not regulated by an authority or other bodies, its price fluctuates much more than we know from euros, dollars or other fiat currencies. The price fluctuations can be an advantage as well as a disadvantage for the users. On the one hand, it can happen that the coins paid out are worth significantly more than they were at the time of the deposit, on the other hand, it is of course just as possible that the Bitcoin price will fall and you will receive the equivalent of significantly less euros when paying out received than you originally invested, even if you actually made a profit with your Bitcoin sports betting.
Betting customers who also use Bitcoin for other payment transactions outside of sports betting and permanently store coins on their wallet are generally calm about the price fluctuations. They think long-term and mostly assume that Bitcoin will gain significantly in importance in the next few years and thus also increase in value. Short-term losses in value are therefore not a problem for these users. For many other users, however, the euro is still the decisive currency, even if they pay for their sports betting with Bitcoin. These users do not want to suffer any losses due to a falling Bitcoin price.
It is advantageous for them if the betting account is kept in euros regardless of the chosen payment method. Here the money is then converted into euros immediately after the Bitcoin deposit and only converted to Bitcoin at the current exchange rate before a payment is made. Despite the digital means of payment, it can ultimately be calculated in euros.
Bitcoin Sports Betting – Are There Any Fees?
Bitcoin betting sites are also so popular because the transaction fees are very low. Specifically, users can determine how much money they want to pay the network to carry out the transaction. As a rule, a few cents are sufficient to ensure that the payment process is carried out quickly. The fee paid for the transaction goes to the so-called miners, who use their computing power to ensure that the transactions are processed and attached to the blockchain as a new block.
When paying out the balance on the betting account, the Bitcoin betting site usually also pays a standard amount of a few cents as a transaction fee. This may be deducted from the amount paid out, but is not really significant due to the small amount. Whether additional fees arise for deposits and withdrawals depends on the bookmaker and his conditions. The deposit is free of charge in most cases, and there are often no fees for the withdrawal.
A transaction with Bitcoin is considered confirmed if it has been verified several times by the network. This is usually the case after about ten minutes. The higher the mining fee voluntarily paid by the user, the faster the associated transaction is processed by the miners. Since deposits can be made quickly and are also possible via smartphone, spontaneous sports betting with Bitcoin is no problem if, for example, you want to place a live bet quickly during the half-time of a football game.
Bitcoin Sports Betting Payout
The cryptocurrency Bitcoin cannot only be used for deposits. Payouts from the betting account to the Bitcoin wallet are also possible. In order to make such a withdrawal, you must provide the bookmaker with the wallet address to which he is to send the coins. We recommend using the copy-and-paste function, because if the address is entered incorrectly by mistake and the money is sent to another wallet, this transaction cannot be reversed.
By simply copying the destination address with a click of the mouse and pasting it into the corresponding window in the bookmaker’s checkout area, you are on the safe side. Although transactions with Bitcoin are almost anonymous, due to the guidelines of the regulatory authorities and European legislation, you have to provide certain personal data to the online bookmaker if you want to legally place sports bets on the Internet. Therefore, so-called verification is also required for Bitcoin sports betting before a payment can be made. Verification is usually carried out online and requires, among other things, a valid identity card or passport.
With reputable Bitcoin betting sites, you do not have to worry about your data being passed on to third parties without authorization. Strict data protection regulations ensure that the bookmaker uses your personal data exclusively for the purposes specified in the general terms and conditions. Encrypted data transmission also prevents hackers from gaining access to your personal information and using it improperly.
What Other Cryptocurrencies are Available From the Betting Site?
Bitcoin was the first cryptocurrency, but it is no longer the only one. There are now around 4,000 of the so-called altcoins, but only around 100 have sufficient market capitalization to be really important. Some of the major cryptocurrencies can also be used by some betting sites for deposits and withdrawals.
They are usually constructed similarly to Bitcoin and are also based on blockchain technology. However, there are smaller and larger differences, so that despite the many similarities, there are sometimes different uses. We would now like to take a closer look at some of the most important Bitcoin alternatives:
Ethereum: This is currently the second most important cryptocurrency, which has made a name for itself above all by not only serving as a means of payment, but also implementing so-called smart contracts on its blockchain can. Ethereum tokens also serve as the basis for many other altcoins.
Litecoin: The Litecoin is one of the oldest altcoins. It is based on a different algorithm than Bitcoin and, among other things, enables faster transactions.
Dogecoin: This coin was originally intended as a parody of the numerous newly emerging cryptocurrencies, but quickly developed a relatively high value, which was not least due to the fact that behind the Dogecoin is an experienced team of well-known developers.
Bitcoin Gold: This coin split off from Bitcoin in 2017 and is said to have some improvements, including scalability.
Alternative Payment Options with the Online Bookmaker
Not every sports betting site enables its customers to deposit with Bitcoin. On the other hand, not every customer wants to use the cryptocurrency, because if you have not yet dealt with Bitcoin, you would first have to create a wallet and buy Bitcoins at a crypto exchange before you can conclude with Bitcoin sports betting. Therefore, it may make sense to choose a different payment option.
Credit card payment is one of the most frequently used online payment methods and is almost always offered in the sports betting area. If you decide against using Bitcoin for your sports betting, the credit card is an alternative available in most cases. Credit card payments are only possible with cards that are registered in your name. In order for payment to be made reliably and securely, most bookmakers also need to verify the card in advance.
If you particularly value secure payments, Apple Pay sports betting can be a good alternative to Bitcoin sports betting. Apple’s payment service can be used with an Apple Watch, an iPhone or an iPad and is linked to one or more credit cards. The card data are not transmitted to the betting provider when payment is made, so that they cannot be accessed by hackers. Payment is confirmed with your Apple device using your fingerprint or Face ID.
With this payment provider you can open a kind of wallet with just a few clicks. In contrast to Bitcoin, however, this is not based on blockchain technology. Instead, you can quickly and easily deposit euros using various methods and then use this money to pay for your sports betting. Personal account details are not passed on to the betting provider, so ecoPayz can also be regarded as a very secure payment method.
One of the simplest and safest payment methods for online sports betting is the Paysafecard. It is a prepaid card that you can buy online, at petrol stations and in retail stores. You only need the 16-digit code on the card to deposit your credit. You do not have to provide any further data. Paysafecards are available with different amounts between 10 and 100 euros. If necessary, several cards can be used for one deposit.
PayPal / Neteller / Skrill
The so-called e-wallets enable fast transactions and are considered to be comparatively secure because, just like when paying for sports betting with Bitcoin, no bank details have to be entered. Users can easily register online with the respective provider and open a wallet. In contrast to the Bitcoin wallet, the name and other personal data must be provided when opening other e-wallets. Especially when making deposits with Neteller or Skrill, you also have to consider that most betting providers no longer offer a bonus when using these methods. PayPal, on the other hand, is only available at a few bookmakers anyway.
Bitcoin – what is it?
The cryptocurrency Bitcoin was released in 2009 by an unknown developer (or team of developers), who is behind the pseudonym Satoshi Nakamoto. The actual identity is still unknown. It is based on the so-called blockchain technology and does not need any central regulatory authorities.
This makes Bitcoin independent of banks and governments, which has contributed significantly to the success of the cryptocurrency. With Bitcoin, all information is accessible to all users involved in the network. Since the majority of the network must approve a transaction for it to be valid, Bitcoin is considered to be tamper-proof. In order to manipulate transactions, fraudsters would have to spend more than 50% of the computing power of the entire network, which is almost impossible.
The coins stored on the blockchain are accessed via so-called cryptographic keys, which are sequences of letters and numbers, which clearly determine how much credit someone has. To send bitcoins, a so-called public key and a private key are required. The public key specifies the so-called wallet address, which corresponds to an electronic wallet. It is passed on to the transaction partner and tells him where to send the cryptocurrency. The private key is used to verify the transaction and should always be well protected.
If you own it, you can have the assigned Bitcoin. Apart from the address of the Bitcoin wallet (public key) and the private key, no further information is required to use Bitcoin. As a result, the transactions are anonymous, which offers users security in many ways. In the meantime, it is also possible for some online bookmakers to pay with Bitcoin sports betting. To do this, betting customers simply have to send bitcoins from their own wallet to the bookmaker’s wallet address.
This is quick and works reliably, so that the deposited credit can be used directly to place sports bets without a long waiting time. The payment is then also made in Bitcoin to the wallet specified by the user.
- Bitcoin has been around since 2009.
- It is a decentralized currency.
- Bitcoin is considered counterfeit-proof.
- Transactions are anonymous.
- Bitcoin can also be used for sports betting.
Bitcoin Success Story
One of the reasons why Bitcoin came into being in 2009 is because it represents a serious alternative to the established currencies. Bitcoin is not dependent on banks, but is managed decentrally by all users involved by providing the network with computing power. This means that it is not possible for the number of coins in circulation to be artificially increased, which would lead to inflation.
The maximum number of all bitcoins is limited to 21 million and cannot be exceeded. The value of a bitcoin cannot therefore be determined by banks, but is based solely on supply and demand. At the beginning, a Bitcoin therefore had no significant countervalue, which changed quickly, however, as more and more users recognized the promising possibilities of this payment method.
The great moment of bitcoin came during the financial crisis. More and more people lost confidence in traditional banks and became interested in virtual currencies and other alternatives. Since, as already described, new coins cannot simply be created, the value of the existing bitcoins rose steeply. If you had invested a few euros in Bitcoin at the right time, you suddenly had assets worth several million euros.
Even if the price fell again after the big boom, the digital coins held a not insignificant value. Since the course is not artificially regulated, there are always strong fluctuations. Bitcoin reached its all-time high on December 17, 2017. Here, the value of a bitcoin was almost $ 20,000. The blockchain concept now offers not only the possibility of providing a tamper-proof and independent means of payment, but also intelligent contracts, so-called smart contracts, can be implemented on the blockchain.
The wide range of options ensured that numerous other more or less successful cryptocurrencies were created after Bitcoin. These can not only be understood as competition to the original, but also as a kind of engine for the further development of blockchain technology. Numerous developers work in this area so that new uses and innovations are added at a rapid pace.
Bitcoin Sports Betting FAQ
How do I request a Bitcoin betting provider bonus?
In any case, if an online bookmaker offers a bonus on Bitcoin deposits, you should find out exactly how to get this bonus and the terms and conditions before making a deposit. Some Bitcoin betting providers automatically credit the bonus balance or free bets. Others, on the other hand, need to contact customer service or enter a bonus code to receive the Bitcoin betting bonus.
How can I see how many bitcoins are on my wallet?
You can view the balance on a Bitcoin wallet online by entering the corresponding cryptographic key on the website of the wallet provider. Even if you do not want to carry out a transaction, but only want to display the credit, you must make sure that your computer is well protected against malware and that no one can watch you enter the keys. A function for displaying the credit is often integrated in the wallet apps for your smartphone or tablet, so that the keys do not have to be entered manually.
Why does the bookmaker give me a different wallet address than when I made my last deposit?
If you want to deposit funds for sports betting with Bitcoin, you have to request a wallet address in the cash register area of your account, to which you will then send your deposit. For security reasons and to assign the deposit to your account without a doubt, most Bitcoin bookmakers generate a new wallet address for each deposit. So please do not send your bitcoins to the address you used when making your last deposit, but request a new wallet address for every transaction!
Which bitcoin wallets are particularly secure?
Which bitcoin wallets are particularly secure? If your computer has reliable virus protection and no one is watching you enter the private key, online wallets are also relatively secure. Nevertheless, there is always a residual risk that hackers can gain access and steal the user’s credit. Therefore, it is particularly useful for larger amounts to manage Bitcoin offline. This is possible with a simple paper wallet, but hardware solutions such as Ledger or Trezor are more convenient.
Who determines the current Bitcoin price?
The Bitcoin rate is not set by a central authority. Rather, it arises from supply and demand, which can lead to the price differing from provider to provider. If you want to buy or sell Bitcoin, it is therefore worth comparing the prices on different crypto exchanges and exchange platforms. It’s not always the same platform where you get the best price.
Bitcoin Betting Site Conclusion
Bitcoin is becoming increasingly important and can be seen as an important alternative to the established currencies. This is also reflected in the sports betting industry, where the payment method is now being offered by some bookmakers as customer demand has risen sharply. This is also due to the fact that Bitcoin offers several advantages over other methods. Among other things, this includes high anonymity, since no personal data has to be provided for transactions with Bitcoin.
In most cases, payment is confirmed within a few minutes. The transaction fee can be chosen by the user, a few cents are usually sufficient to ensure fast transactions. But Bitcoin is not only popular as a means of payment. Many users also speculate that the digital currency will increase in value, so today’s coins will be significantly more valuable in a few weeks, months or years. If you are curious, try sports betting with Bitcoin yourself at one of the bookmakers listed above and get an attractive welcome bonus!