In short, betting with Bitcoin is Fast, Easy and SAFE!
As Bitcoin has grown and the sports betting public has become more aware of the digital currency, many online sports betting fans are now finding it easier than ever to bet on sports utilizing the digital currency.
Over the years, many online sportsbooks have established solid reputations when it comes to sports betting and playing online casino games, but for several reasons, it has become increasingly difficult to place wagers or play from home at online casinos.
Now enter Bitcoin, with several of the most popular online sportsbooks now accepting Bitcoin, it's easier than ever to buy Bitcoin with a credit or debit card, deposit those Bitcoins into your favorite sportsbook and simply reverse the process when you win.
Bitcoin operators such as: Coinbase makes it very easy to use your debit or credit card to purchase Bitcoin, then, simply send those purchased Bitcoins to your favorite online casino.
When you're ready to withdraw your winnings, you simply receive/send your Bitcoin into the same account you purchased them and then just sell those coins and within just a few days your Bitcoin sale is converted to USD and then deposited into your chosen bank account. No more waiting 6-8 weeks for a check from your online sportsbook.
Interested in trying your favorite online sportsbook or casino using Bitcoin?
Here is the basic process for getting setup and using Bitcoin. Once you get through the initial setup, it is extremely easy and very secure to use Bitcoin.
1. Create a digital currency wallet at Coinbase. While there are several other options, we recommend Coinbase, because it is very easy to understand, insured and carries a S&P rating of A+
2. Securely connect your preffered Debit Card as described in the Coinbase instructions and buy your desired amount of Bitcoin. Once connected, it will also be used to deposit funds of future Bitcoin sales into your account.
3. Login or open your account at your favorite online sportsbook. We recommend Bovada, they have never missed a payout, offer Bitcoin deposits and offer several casino or sports options. We are currently working on a list of recommended online sportsbooks and casinos that accept Bitcoin.
4. Select Bitcoin as your deposit method and follow the instructions. It may be a bit confusing at first, but you will basically need to copy and paste a few encrypted codes to initiate the transfer of funds.