Not every online bookmaker accepts Bitcoin as a payment method for placing sportsbook bets, but the industry heads in that direction. The most famous online sportsbooks allow customers to deposit funds, place bets and withdraw winnings in Bitcoin at the click of a button.
There are several positives to betting in crypto, some of which are more obvious than others. Professional sportsbook gamblers use Bitcoin to manage their money, qualify for bonuses, and get the best deals. From the Las Vegas sportsbooks to the biggest names in European gambling, Bitcoin is the new kid on the block and has caused quite a stir.
We clear up the confusion
Despite being a secure, fast, and reliable way to manage your funds for betting, a degree of confusion still needs to be clarified concerning crypto betting. There are more questions than answers, which may deter some inexperienced gamblers from using Bitcoin for their bets. That would be a great loss to bettors, and we wish to help you avoid it.
This article on Bitcoin betting helps keep things simple. We bring our readers up to speed with the processes involved with adding a Bitcoin account to your betting wallet, gambling, and withdrawing winnings. We also clear up any terms and conditions you should know before gambling.
Keep reading for your user-friendly, simple, and easy-to-follow guide on Bitcoin betting using your smartphone in 2023. By the end of this article, you’ll have the information needed to bet using crypto. We even provide details on creating an account and landing a welcome bonus free bet.
Which crypto tokens can I use?
As you’ll already know, hundreds of crypto tokens are available, but the top betting apps only accept Bitcoin now. Bitcoin is the biggest and most popular form of crypto, and you can add it to your sportsbook payment options.
The top betting apps might start accepting other tokens, but we are in the early days. Bitcoin is the safest way to test crypto betting, and so far, it has been well-received by both bookies and bettors.
Adding your Bitcoin account
Adding a Bitcoin account to your payment options takes a few seconds. Use your smartphone when on the move or at home using your laptop. The process is equally simple on both platforms, and you must add a Bitcoin account only once.
Visit the member’s area at the top right of your bookie’s homepage and click payments. Select the option to pair a Bitcoin account with your betting account and input your card details. Check the details are correct and then confirm.
Your two accounts are now linked, and you can start depositing crypto to your betting balance. Deposits are instant, meaning you can add funds and gamble without delay. Withdrawals are quick too.
If you have landed a winner and wish to withdraw the profits before spending them on future bets, it’s easy. Withdraw, and your Bitcoin balance will be updated quickly.
Betting with Bitcoin
Placing a sports bet using Bitcoin is as easy as gambling with your debit card or an e-wallet account such as Skrill. Visit the member’s area and click deposit before selecting your crypto account. Enter the amount you want to deposit and click to confirm. The funds are added and ready to use.
Click the sport you wish to bet on, such as soccer, and then the competition, fixture, and odds of your market. Add the intended stake to your bet slip and click to confirm. The funds come from your betting balance, or you’ll top-up with your Bitcoin account.
Bitcoin deposits, bets, and withdrawals are all protected by Secure Socket Layer technology. It’s the industry standard for security, keeping your sensitive information protected and your online gambling private.
When researching a bookie, you should check with the security program they have in place. If it’s not Secure Socket Layer technology, it’s not a great bookie to join.
Free bet welcome bonus
All new customers who open an account, deposit funds using Bitcoin, and place a bet will qualify for the bookie’s welcome bonus. The free or risk-free bet will allow you to familiarize yourself with the betting app without overspending.