Are Bitcoin Sportsbooks Legitimate?
Yes. The Bitcoin sports betting sites listed in this guide are legally licensed and regulated. Licenses are given out by respected bodies of government and regulation is handled by the corresponding gaming commissions. This legal licensing holds sportsbooks accountable and enforces stringent ethical conditions.
Do These Sportsbooks Offer Any Bonuses Or Perks?
Yes, all online gambling sites typically offer some very generous promotions to new players. It's how they compete with one another for your business. In addition most of the sites we recommend offer extra bonuses for using Bitcoin. Some even double their standard offer.
Are Bitcoin Sportsbooks Generally Safe To Use?
Yes. The cryptocurrency is inherently secure by its design. Transactions are processed through the blockchain by Bitcoin miners. The only information required for transactions are the digital addresses associated with the user and the casino. Online sportsbooks already have their own security protocols in place, including data encryption and SSL to keep your information and connection secure. And we only recommend the biggest and most trusted sportsbook brands on our website which should give players the peace of mind knowing that they won't get stiffed.
Are Bitcoin Deposits Anonymous?
Yes. When making a deposit into a Bitcoin sportsbook, all you need to enter is your wallet address and the address of the bitcoin casino you want to deposit with. Bitcoin transaction data is stored in the blockchain, but the only bits of information saved are the aforementioned digital addresses and the amount sent. Anonymity is a valued aspect of Bitcoin sports betting sites (you can use an alias when making your account).
How Long Does It Take Bitcoin Transactions To Process?
Bitcoin is the preferred transaction method on many online sportsbooks (even ones that are not Bitcoin exclusive). Online sports betting sites encourage using Bitcoin because it is the fastest transaction method regarding processing times. Once you issue a Bitcoin deposit, it has to be verified by a miner in the blockchain. This process usually takes a few minutes, meaning deposited funds will be available soon after making the deposit. The blockchain can become bogged down with pending transactions and this can delay processing times, but there are enough miners to account for this. Withdrawals operate in exactly the same way. Payouts will be sent to your digital wallet address and will be available as soon as the transaction details have been verified by a miner.
How Do I Convert My Bitcoins Into Cash?
There are multiple ways to convert your Bitcoin into real cash. One way is to sell your Bitcoins to a registered cryptocurrency vendor. These sites operate similar to eBay or another online marketplace service. All parts of the transaction are conducted between you and a buyer. Another method is an exchange trade service where you list the volume you wish to sell, the type of cryptocurrency and how much you are trying to sell it for. The exchange service will take care of the rest for you. Peer-to-peer trading marketplaces present another venue for cryptocurrency exchange, only these allow the possibility of Bitcoins being traded for goods and services. For example, someone could post a wish list of items they want from a site that does not accept Bitcoin. The buyer would purchase those items and have them sent to the seller’s address in exchange for Bitcoin. In this instance, the peer-to-peer exchange site is more of a mediator between the two parties.
Are There Bitcoin Sportsbooks That Accept US Players?
Yes. There are Bitcoin online sports betting sites that accept US players. In some cases, players from certain states are not permitted to access the sites, but there are alternative sites that accept residents from all 50 states.
What Types Of Betting Lines Are Available On Bitcoin Sportsbooks?
When looking for a sports betting site, bettors want options. Our Bitcoin online sportsbooks have betting lines from sports and leagues from around the world. Some of the more popular betting lines are from the United States’ NFL, NBA, MLB, NHL and NCAA. You can find betting lines from various football leagues, basketball leagues, soccer leagues and more. Most reputable sportsbooks also have betting lines from outside sports like eSports, darts, boxing/MMA, among others.
Are Betting Lines Updated?
Yes. Betting lines are updated daily with the latest fixtures. There are also different betting lines released with major sports tournaments like the World Cup or NBA Finals.
What Wagering Types Are Available?
Once you have deposited Bitcoin into your sportsbook account, you can begin placing wagers with your Bet Slip. Bettors can place regular point spread bets, or they can bet on the money line, place an over/under bet or prop bet. You have the option of placing single bets or combining the action with parlay bets. The different wagering types create an interesting sports betting environment that mixes things up for frequent bettors.
Are There Any Tips For Gambling With Bitcoin?
Yes. Experts suggest it is always better to use a downloadable wallet as opposed to an online version. You also have the option of having more than one wallet. When purchasing Bitcoins, it is better to deal with an experienced seller that has a positive reputation (this is with peer-to-peer exchanges). If you are using a cryptocurrency ATM, be sure to see if it has favorable reviews. Never use the same digital wallet address more than once. Most wallets automatically generate a new address for you with each transaction. If not, it is a good preventative measure to avoid hacks or other forms of fraud.
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