Sportsbooks That Accept Bitcoin
Before we discuss which sportsbooks accept Bitcoin, those who are unfamiliar must know exactly what Bitcoin is, how it works, and why it’s better than other banking methods. Bitcoin is a type of digital currency that big banks are not in control of, which is a huge benefit of using it. They were produced to be more convenient for online purchases everywhere, and that includes loading up your sportsbook. It’s increasing in popularity every day and pretty soon Bitcoin will become the norm for online transactions. It’s just a matter of time.
Banking with Bitcoin at online sportsbooks comes with a ton of different perks and advantages and we will discuss each of them here. From the security involved to the higher limits, and we’ll even review a couple of the best sportsbooks that accept Bitcoin. Our goal is to make sure you understand just how beneficial Bitcoin can be when betting with online sports betting sites.
Banking with Bitcoin at online sportsbooks allows players to deposit and withdraw their money instantly. Just about every other banking method may take days, weeks, and maybe even months at times, to process your payouts. This is one of the more frustrating things about banking with sportsbooks, and Bitcoin does it’s best to eliminate that frustration.
Depositing with Bitcoin is one of the top options available to sports bettors on the internet. To process your deposits using Bitcoin, all you have to do is select it as your deposit method and open up a Bitcoin wallet. From there you will be given a Bitcoin address that is used to send you your funds. One thing to know about your Bitcoin address is that you have to change it after every deposit, as a security measure. There aren’t any deposit fees and they only take minutes to process and appear in your sportsbook account. Deposits with Bitcoin have the highest limits you will find but the amounts vary depending on the site you use.
When withdrawing with Bitcoin you have to have to have deposited your money with them in order to withdraw with them. You can’t deposit money one way and then request your payout another if you have already used Bitcoin. In fact, some online sportsbooks don’t allow you to change your banking method at all once you have already deposited with Bitcoin. So before deciding, make sure you are 100% sure that you want to use Bitcoin. Then after you have received your payout, it will obviously be in the form of bitcoins and if you want to exchange them for cash, there are plenty of outlets to do so.
Probably the biggest reason Bitcoin has become as popular as it has is because of how secure it is. It’s widely known as being the safest form of banking when using online sportsbooks for multiple reasons.
Bitcoin is what’s called a cryptocurrency, which is a digital form of money that decentralizes the processing of payments by using cryptography. This puts the transaction through a “blockchain” that goes through a series of different tests as the payment is being processed to confirm safety.
This process also allows users to keep their sensitive info private as they only need to show their Bitcoin address when making transactions as opposed to providing all of your personal information. Other payment types ask for email addresses, phone numbers, home address and more. The less detail you have to give to the internet, the better right? Just another huge plus for using Bitcoin at sportsbooks.
Bovada is arguably the most recognized sportsbooks that accept Bitcoin as a form of deposit and withdrawal. They have been around for nearly 20 years and are one of the most user-friendly and professional sites on the web. This longevity is a huge plus when playing with them as online gambling sites fold all the time but with their well-established business model, you know Bovada isn’t going anywhere.
Once you create your account, you have a few options to choose from as far as banking is concerned but Bitcoin should be your selection. After you choose Bitcoin, you are given a Bitcoin address in which you send your money. The Bitcoin address provides an extra point of security as it can verify who you are without showing all of your personal information.
Bovada does have limits for players using Bitcoin as their deposits and withdrawal minimum is at least $20 while the max for a deposit is $5,000 and for a withdrawal, it is bumped up to $9,500. These are the highest limits of any of Bovada’s other banking options, so high rollers who are playing with Bovada should absolutely use Bitcoin as their preferred sportsbook banking method.
5Dimes is another sportsbook that has added Bitcoin to their banking options and is one of the top sports betting sites available. They are based out of Costa Rica so they are absolutely safe for United States residents to use. Just like Bovada, 5Dimes has been around for a long time and have created quite the reputation for themselves as one of the most reliable, user-friendly, and enjoyable sportsbooks out there.
5Dimes customers have really taken a liking to Bitcoin and there are even rumors swirling that they could make themselves exclusive with Bitcoin. They have grown tired of customers being upset because of the processing fees, long wait times and delays of other forms of payment. Though that change hasn’t happened yet, it’s a good indicator for just how great Bitcoin is as well as how concerned 5Dimes is with making their customers happy.
At 5Dimes, Bitcoin deposit limits can go from $25 all the way up to $10,000. This is much higher than any other option and that’s really not even the limit as 5Dimes allows you to make multiple deposits at once. So if you wanted to, you could make two $10,000 deposits at the same time and the processing takes just minutes to go through.
You really can’t beat the customer friendly nature and variety that is provided at 5Dimes Sportsbook. You can sign up for free and it takes no time at all to get started.
When looking for sportsbooks that accept Bitcoin, BetOnline Sportsbook has absolutely got to be a part of the discussion. This site runs out of Panama City and they have been pumping out a terrific product for years now. They make sure to change with the times so nothing becomes stale and stay up to date on all things online betting so there are rarely any issues with this site. They have various bonus opportunities, great features (mobile betting, live betting), and unbeatable betting and banking variety.
Probably the best option of that banking variety is Bitcoin, though. Bitcoin banking at BetOnline is relatively new but it has quickly become a huge success for the site. It is currently their second most used form of banking, behind credit cards but they could legitimately surpass cards to take the top spot very soon. The minimum Bitcoin deposit at BetOnline is $20, while the maximum payout is $2,000. That may not seem incredibly high but that is a daily limit so you can make multiple deposits and withdrawals in a day. Money can stack up rather quickly when using Bitcoin.
Creating an account with BetOnline is free so don’t delay your urge to bet with their sportsbook any longer. It takes no time at all to sign up and you only have to be 18 years old or older to join. It won't take long for you to see why BetOnline is one of the best sportsbooks that accept Bitcoin on the internet.
- Bovada - Wager With Bitcoins and Get 50% to $250 Bonuses
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- 5Dimes - 50% up to $200 Bonus Using Bitcoin!
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- BetOnline - Bonuses up to $1.000 for Bitcoin Betting
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- SportsBetting - Bonuses up to 75%!
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