Bitcoin Sports Betting

Bitcoin is one of the most suitable cryptocurrencies to use, and many punters are now moving to Bitcoin sports betting platforms to wager on events. This guide provides information on how we verify the best bitcoin betting sites for our readers and how to deposit.

The history of Bitcoin can be traced back to the late 2000s when the first block was mined and referred to as the "Genesis Block." This was the first-ever cryptocurrency released as a payment solution not tied to a government or private firm.

Its origin is dated 2007, and for many users, its operation is simple: direct contact. No need for third-party involvement. Its value is stable whether a buyer is in China and the seller in South Africa.

However, there are also associated cons with this payment. Its value is affected by market demand and supply. Hence it's highly volatile.

Interesting Facts

1. The entire supply of bitcoin is 21 million
2. No one knows the real author of Bitcoin till today
3. 106 million people own BTC
4. Many retailers now accept BTC as a payment method

A question among stakeholders is whether Bitcoin is a reliable payment platform for betting. The increasing presence of sports betting crypto sites now allows you to control the amount of information you release to bookmakers.

All Bitcoin transactions are done over an encrypted structure called the blockchain. Every transaction on the blockchain network is laid out and can be accessed by anyone. It cannot be mutated or altered. Its high security is because it is run on the blockchain network.

After winning your bets, you’ll want to withdraw your funds. There are steps to proceed with withdrawing your cash prizes to your private account. Follow the next steps to begin and complete the process.

Withdrawing with Bitcoin

You can select a withdrawal process by following the listed procedures. Keep in mind that the process is different from the usual traditional method.

You will need a BTC wallet address. There are different apps where you can create an account and use them to operate an account.

Follow the next steps:

Here are 5 of the best bitcoin betting sites our experts recommend. These platforms have a positive reputation for users betting with bitcoin. Each also provides stellar services to make your betting experience a memorable one. They are also licensed by top-rated regulatory bodies since they offer different betting markets.

When selecting top-ranking bitcoin betting sites, we look for several factors. We understand that a well-licensed bookmaker is key to protecting players’ assets. Here are the features we crosscheck before recommending a bitcoin sports betting website.

Here, we list the mobile apps where you can wager on sports events with bitcoin. These apps are among the best you can find with some features available on your smartphone.

Live bets are where customers can wager on different sports events already in motion, and your ability to read the game’s next move is the key to winning. This betting style has been gaining interest and bitcoin is currently one of the best options punters use for live bets.

Using a payment option that funds your account in record time is also important with no hindrances. You can select some banking methods, but bitcoin is the fastest. Its safety features and fast processing time make it a favourite for live bet punters. Depositing can be confirmed in minutes so you can load your wagers immediately.

Here are some entrees if you’re keen to start betting with bitcoin on new platforms. We have confirmed that the operators are reputable firms regulated by top licensing bodies. The features have been tested and verified to be safe and easy for our readers.

Philippines punters who want to enjoy the best of BTC betting sites can choose from many sportsbooks available in their locality. They all have the necessary license from the local gambling authority. All features needed to wager successfully are available here.

Here are some top-rated sports that punters can follow to wager with bitcoin. Each has different bet types available and you can select from our recommended bookmakers to wager on them.

Special discounts and bonuses exist for customers who prefer to wager with Bitcoin. These rewards are common at many BTC betting sites and offer great benefits for you. However, they differ in value among bookmakers.

Depositing and withdrawing with Bitcoin has become less stressful thanks to improved technology. Some modern BTC betting sites may require you to scan a bar code and make a payment directly. Here are some features attached to bitcoin payments.

Deposit Times, Fees & Limits

Betting Site	Deposit speed	Free	Limits Min/Max
1xbet	Instant		Min: $1
Melbet	Instant		Min: $1
BetOnline	Instant		Min: $20 Max: $500000
Trustdice	Instant		Unlimited

Withdrawal Times, Fees & Limits

Betting Site	Withdrawal speed	Free	Limits Min/Max
1xbet	Up to 24 Hours		Min: $10
Melbet	Up to 24 Hours		Min: $1,5
BetOnline	Up to 48 Hours		Min: $50 Max: $100000
Trustdice	Up to 48 Hours		Min: 0.0005 BTC Max $ 5,000

If you’re uncomfortable betting with Bitcoin, you can use some common alternatives. These methods are also used by punters globally and our experts have confirmed that they involve simple processes to fund or withdraw from your account.