Betting online in Bitcoin

The world of online sports betting offers a rich catalog to bettors in terms of payment solutions. If you are used to traditional methods such as credit cards, remember that crypto currencies are now part of the means to bet. Generally represented by Bitcoin (BTC), they come with various advantages and are easy to use to make transactions. If you want to know more, this guide offers you to know everything about betting with crypto currencies.


Rank Specificity Discover
1 Operator specialized in crypto, has a Curaçao license and does not require identity verification. Wide range of sports + live + app + eSport. 100% bonus up to 100 USDT. Go
2 Very complete and secure sports betting and casino site that accepts major crypto currencies. 100% bonus up to €100. Go
3 Operator known for its very good odds on niche sports. Accepts all players but requires KYC. Accepts crypto. 100€ bonus but difficult to unlock. Go

What is the benefit of online betting in BTC or crypto-currencies?

The popularity of e-currencies has prompted several online betting sites to integrate them into their payment services. Of course, traditional means still exist, but they don't have the same advantages as BTC and its peers. Here are some of the advantages that digital currencies offer you:

  • Betting covered under the symbol of anonymity;
  • Secure and fast transactions (deposits and withdrawals);
  • Low or almost non-existent transaction fees;
  • Additional bonuses on all cryptographic exchanges.

Admittedly, the list goes on and on, but these few examples clearly show the value of opting for e-currencies in your betting.

A trading curve analysis on BTC

What cryptocurrencies can you bet with online?

The concept of crypto currencies is not just about Bitcoin. In fact, there are other types of cryptos that you can use to bet on your favorite sports competitions.

An Ethereum coin
Bet in Ethereum

Ethereum is the second largest e-money after Bitcoin. It is therefore right to include it in the financial system of bookmakers. It has its own blockchain as well as its own currency, the ether. Its operation is based on the exchange of values, but also "smart contracts" made from its blockchain.

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Ripple
Bet in Ripple

Ripple is a cryptographic system that revolves around the XRP token. The blockchain is owned by the company Ripple Lab, which decides on the currency's issuance program. This means that the number of tokens in circulation is not available to everyone. For a savvy punter, the best way to get Ripples is to create a digital wallet connected to the network.

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Monero
Bet in Monero

Considered as one of the new currencies with great potential, Monero ensures reliable and secure transactions thanks to its blockchain. The latter works like Bitcoin's and allows to trace all the transfers made by the miners. Moreover, Monero is remarkably accessible unlike Ripple. Indeed, you can buy it from active crypto exchange sites or brokers.

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Stablecoin
Betting in Stablecoin

They are e-money attached to fiat currencies like the dollar or the euro. In addition, the operation of stable coins relies on external blockchains. This is the case of Maker Dai (DAI) which is an ERC20 token. It should be pointed out that you can make bets from these cybercoins. You just need to find a bookmaker that accepts them in its payment setting. There are other types of stablecoins that you can also experiment with. These include the Thether (USDT), TrueUSD (TUSD), USD Coin (USDC) and Synthetix (Havven).

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Pieces of ETH BTC and RIPPLE

The best option for online betting in Africa

Digital currencies have become the best option for African bettors to enjoy online sports betting. Why?

It is particularly difficult to make a deposit using any banking method if you live in Africa. Credit cards and bank transfers are methods that are constantly rejected or blocked. In fact, the laws of many countries do not allow online gambling. Therefore, all your transactions are intercepted and interrupted.

This situation can be avoided by using cryptocurrencies that are completely decentralized. In other words, Bitcoin and altcoins are not under the control of any state or financial organization. Therefore, you can make all your deposits and withdrawals with complete peace of mind in complete anonymity.

How to bet online with Bitcoin?

There are various ways to bet in bitcoin or other digital currencies and the interest is twofold, as betting also helps to win cryptos. In this section, you will discover the most effective methods.

Two men do an analysis before betting

Betting online without a bank account
Website
Wallet
Bookmaker

It is possible to make sports bets using cryptocurrencies without having a bank account. To do this, you're going to have to find a site that provides e-wallet services. Generally, crypto exchange sites offer this option. All you have to do then is create a wallet account and fund it with tokens. Then deposit these tokens at a bookmaker that accepts them.

Other procedures for betting in crypto

Betting in crypto-currencies relies on a list of steps that you must take care to master.

  • 1.
    Find the best casinos or a trusted bookmaker
    The first step to betting in crypto is to select your favorite bookmaker or online casino.

    Bookmakers are not the only platforms that offer cybercurrency games. In fact, this option is also for people who are interested in casino games like poker, roulette, slots, etc. You can find them by searching on the search engines. However, remember to check their gaming licenses as well as their territorial jurisdiction.
  • 2.
    Procedure for betting in crypto-currencies
    Once you have chosen your bookmaker or casino, you will need to access their website. Navigate to the home interface and click on the "Register" button. You will then be taken to a registration page where you will need to specify:
    • Your username;
    • Your email;
    • Your password.
    You will later receive a confirmation email with a link that you must click to validate your betting account.

    On the other side, you will need a digital wallet to store and transfer your cryptocurrencies to.
  • 3.
    Deposit funds
    At this point, the deposit of funds is bipartite. Initially, the punter has to fund his wallet account by buying crypto currencies. These are accessible at brokers or exchange platforms. Subsequently, he will have to transfer these funds to his bettor account through the following steps:
    • Copy the identifier of his electronic wallet;
    • Log in to the bookmaker's or casino's website to open the user area;
    • Click on the "Deposit Funds" button to be redirected to the deposit form;
    • Enter "Bitcoin" or the crypto that will be used as payment;
    • Enter the local currency equivalent of the number of crypto assets to be transferred into the account;
    • Validate the transaction by clicking on the "Send" button.
    The processing time is fast and your funds will appear in your betting account in no time.
  • 4.
    Are you a fan of bluffing?
    If you like to bluff but find the poker rooms too limited, try the bitcoin poker rooms and get access to big tournaments and lots of players.
  • 5.
    Play and enjoy the best bonuses
    As soon as the casino or bookmaker validates your transfer, all wagering markets are now available to you. You can have several types of formats in cryptos. Some sites don't hesitate to offer you up to 10 BTC that come as welcome and first deposit bonuses.

Are you ready? It's now:


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BTC-betting.com

This site aims to provide the basic information to allow you to bet in crypto currency on online betting.

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