author: william   8 January 2020Print page

Bitcoin betting. Why and where?

Sports betting is one of the most favourite activities people like to do for fun. Bitcoin bookmakers have come into play in recent years. They are providing good sports betting offer, as well as competitive odds and exciting bonuses and promotions, which proves that bitcoin is nothing new when it comes to online betting.

bitcoin bookmaker
Bitcoin bookmaker - major advantagesBitcoin sports bettingBookmakers that accept bitcoin as a payment method
 
Bitcoin bookmaker - major advantages

What stands behind the success of the bitcoin bookmakers and what makes punters register new accounts one after another? Why does bitcoin make such a sensation in sports betting? Let’s find out.

One of the main advantages of a bitcoin bookmaker is definitely a high level of anonymity. Mostly, the registration process takes just a couple of moments, and quite often the only information you need to provide is your date of birth and your email address.

Other great features we cannot forget about are low fees and almost instant payments.

The thing that stands out the most is the fact that such services are available worldwide, regardless of local laws & regulations. Bonuses and promotions at such services are also very attractive and are always anticipated by the clients.
 
Bitcoin sports betting

More and more bookmaker are starting to change their position on bitcoin. This cryptocurrency that has been rising in popularity for the last couple of years seems to be a great alternative to more traditional means of payment like euro or dollar. However, it provides way more benefits to tipsters who place bets with bitcoin. You can count all the bitcoin betting pros forever, but we decided to outline the most important ones for you:
  • High anonymity - if someone told you that betting with the bitcoin bookmaker makes you completely “invisible”, they would be lying to your face. However, it is undeniable that your anonymity is on the better, uncomparably higher level than in case of the traditional bookmakers.

    First of all, we must outline two different types of bitcoin bookmakers. The first type is the experienced bookmakers who have been present on the market for many years, and besides their traditional currency offer, they added the bitcoin, as an extra payment method. The registration process at such bookies follows a standard procedure, where you have to verify all your personal data, like full name, date of birth, address and your personal ID number. There is also a high probability that sooner or later you will be asked to provide a scanned copy of your photo ID or any sort of a bank statement that has your address on it.

    The story is entirely different when it comes to bitcoin-only bookmakers. The only information you have to provide them with during the registration is your date of birth and your email address and… and that’s all! You can go straight to bitcoin betting!!!
  • Fees - those who worry about with deposit and/or withdrawal fees can breath out with ease. Bitcoin bookmakers in their vast majority do not take any transaction fees, while you must remember that your online bitcoin wallet might do so.

    Cryptocurrencies are not just limited to bitcoin! More and more bookies are starting to accept other cryptocurrencies as their payment methods. The true record-holder when it comes to the accepted cryptocurrencies is definitely the bookmaker Sprotsbet.io. You can make a deposit and withdraw your winnings in the fastest and the cheapest in use cryptocurrency - ethereum or even a bit slower litecoin. In the case of ethereum, fees are really low and are around 0.002 ETH on average.
  • Payment timeframe - all the transactions, deposits and withdrawals are really fast. Maybe, it would be a bit of an exaggeration to say that cryptocurrency transactions are instant, but, for example, bitcoin ones usually take up to 15 minutes to go through. The mentioned above ethereum needs only up to just 2 minutes for your funds to reach the account.
  • Availability - during the times when countries like to impose new regulations regarding the licensing of the particular bookmaker (for example China or France ) or gambling in general, bitcoin bookmakers and their clients can just laugh about it. Such a way of betting is available in every part of the globe. Those who still worry about the legal aspects of bitcoin betting can as well try to use VPN software, which will allow you to change your IP-address to the one you want.
Does this type of bookmakers have any drawbacks? Of course. Nevertheless, we haven’t found too many of those, and one thing that we certainly can glom onto is the bitcoin itself. Well, mostly the price fluctuation that makes it really hard to estimate the real bet value.

However, if you try to look at it from a different point of view, then the disadvantage can quickly become an advantage. Such price movements work both ways, you can lose a lot, but if you are an experienced punter, you also win a lot knowing the market tendencies. So, it is probably safe to say that betting in such a way brings you even more profit!
 
Bookmakers that accept bitcoin as a payment method

Still can’t make up your mind where to place a bitcoin bet? Which bookmaker will offer you the biggest bonus, and which one will have the best sports betting offer? Which bitcoin bookmakers are the most trustworthy enough? Let’s find out together.

According to our experience, we can say that a definite leader among bitcoin bookmakers is Sportsbet.io. This operator made its online betting market debut back in 2016 and quickly made a name for itself. The book is currently ranking among the top online bookmakers (not only bitcoin ones).

Sportsbet.io supports both traditional and cryptocurrencies across its services. You can find the following cryptocurrencies on its accepted payment methods list: bitcoin, litecoin, ethereum, tron and many others. The success on the online betting market Sportsbet.io was able to achieve due to its impressive sports betting offer, numerous betting options and quite competitive odds. Besides all of that, there should be no doubts regarding the bookmaker’s trustworthiness. Each new client is eligible for a nice 8 mBTC welcome bonus as well as other many occasional bonuses and promotions for existing clients. If you still can’t make up your mind which bitcoin bookmaker to stick with, Sportsbet.io is definitely worth checking out!

Right behind Sportsbet.io, there is another top online bitcoin bookmaker - Cloudbet. Its service has been operating since 2013 and was able to prove itself as an innovative, trustworthy and reliable bookmaker. You can also find a decent sports betting offer, numerous livebetting options and the biggest welcome bonus in the entire bookmaking industry, among other things. Every new Cloudbet client can grab up to 5 BTC, which is a bit over €32,000 (December 2019)!!!

It is also worth mentioning that the promotional requirements that the online bitcoin bookmaker Cloudbet has set are not that hard to fulfil. All you have to do is place your bets and every now and then redeem a part of a bonus. The amount of promotional funds that you can get solely depends on you! If you are not that big of a bettor and do not place too many wagers, then your bonus amount won’t be that impressive. However, if you really go hard with your betting, you will have a chance to receive a fortune.

If we are talking about bitcoin sports betting, then it would be unfair not to mention such a bookmaker like Nitrogen Sports. This operator that has been present on the market since 2017 and proved itself as a trustworthy and reliable sportsbook. If you are still thinking about where to place your bitcoin bet, Nitrogen Sports is definitely a good choice.

What Nitrogen Sports has to offer? This bookmaker’s sports betting offer mostly focuses on tipsters who specialise in top American sports leagues like NBA, NHL, MBL or NFL. This doesn’t mean that football or tennis fans will be disappointed completely. They can also expect a great offer on those sports. Well, the thing that might be really disappointing is the fact that Nitrogen Sports does not have any welcome offer.
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