How to deposit bitcoin on betting sites?

Advantages of using Bitcoin in sports betting:

How does bitcoin manage to be the key to success for some bettors? Successful sports bettors, who are very shrewd, achieve "superiority" over betting companies by controlling even the smallest details. What do we mean by that? With years of experience, these bettors win their bets using complex mathematical prediction models. They calculate odds through math and place bets using his intelligence and intuition. 

If you want to earn like these professionals, this is only possible by using Bitcoin. When playing on Bitcoin betting sites, you will have complete anonymity, protection of your data, access to big bonuses and financial flexibility. Most important of all is that sports betting with Bitcoin presents lower rates than traditional banking methods.

Sports betting companies offer bigger bonuses when you deposit with Bitcoin 

When depositing with Bitcoin it is not necessary to use a third party, such as banks, liaison companies, etc. Moreover, even the betting companies themselves do not want this, and therefore offer much more bonuses when it comes to Bitcoin. Also, in many cases, these bonuses are up to 2-fold larger. You just need to register with these companies and then you will be able to deposit.

Initial deposit bonuses

If you are looking for a great deposit bonus, then you should choose to deposit with Bitcoin. 

As a rule, when depositing through traditional methods, such as credit cards, Visa, Mastercard, bankat, PayPal etc., betting companies are likely to reduce your bonus from $ 25 to $ 500 (depending on the site). However, if you deposit with Bitcoin, the maximum bonus is higher (up to $ 1000).

Recharge Bonuses (Bitcoin Reload Bonus)

In addition to initial deposit bonuses, many betting companies offer Bitcoin-specific top-up bonuses. This means that every time you top up your Bitcoin account, you get a bonus. Furthermore, these bonuses are not seasonal offers, as is the case with traditional deposit methods.

So, Bitcoin refill bonuses are much higher than those of traditional methods (credit cards, banks, PayPal, etc.).

Bitcoin deposit will never be rejected

It has probably happened to you that when you placed a sports bet, the transaction was rejected by a third party (liaison companies). Unfortunately, it's their right to restrict your transactions. If your money is transferred to a third party, that means they have the legal right to block these transactions with an online betting company - if they see fit.

Credit card companies prefer not to operate with betting companies and with the unclear legal terrain on which they operate. Most sports betting companies have their offices in "offshore" countries and store their clients' funds in a host of banks around the world.

As mentioned above, no single party can control Bitcoin transactions. Consequently, these transactions do not have to go through any third party. Bitcoin transactions - purchases, withdrawals or deposits - are merely computer codes and cannot be traced.

Restrictions imposed by a bank or credit card company will never be able to stop a Bitcoin transaction. You can buy, hold and spend Bitcoin in any way you see fit, with the guarantee of anonymity.

Bitcoin security is high level

Bitcoin is created to protect the client against identity theft, fraud and any malicious third party infringement. When you transfer Bitcoin to betting companies, they do not receive any of your personal financial information (your identity). Only when you buy Bitcoin on a stock exchange will you need to provide your identity.

When using Bitcoin, betting companies will never ask you to verify your identity to match your bank account; all you need is a unique Bitcoin address and a password. 

Of course all the sports betting companies we recommend are among the most reliable and best in the world, which offer safety and efficiency. If you are really concerned about the security of your internet data, Bitcoini should definitely be your choice.

Bitcoin transactions have lower rates

We are all tired of bank and credit card fees, such as: currency conversion fee, transfer fee, identity storage fee, third party surveillance fee, and many more. As mentioned above, with Bitcoin, you do not have to pay for third party surveillance. You are simply required to pay a single fee: that of the cryptocurrency transaction processing system, that is, the fee for the operation of the Bitcoin computer network.

Bitcoin has higher deposit minimums and maximums

The lack of traditional banking and third-party costs allows sports betting companies to increase the minimum and maximum deposit amounts, as well as withdraw money. So when bettors use Bitcoin, the betting company does not have to pay deposit fees, whether small or large.

It is estimated that when using Bitcoin, the minimum deposit is 50% lower and the maximum is 100% higher.

Bitcoin transactions are faster

Using Bitcoin at a sports betting company guarantees much faster payments, regardless of whether you are depositing or withdrawing money. 

When using bank transfers, many things can malfunction and slow down the cash flow process. If we calculate the booking time interval we make at a betting company and the review by your bank's security department, passing money through a bank can often take up to two weeks.

The use of Bitcoin minimizes this time interval. The average confirmation time for a Bitcoin deposit is estimated to be 4 to 6 minutes. While withdrawing money on average four hours, which, compared to traditional banking methods, is much faster. 

Sto deposit bitcoin on betting sites?

  • First enter the account details.
  • Click on the "deposit" or "cashier" section.
  • Choose Bitcoin as your deposit method.
  • Enter the amount of Bitcoin you want to deposit.
  • Double check for any Bitcoin bonus code. If a bonus code is required, be sure to enter it correctly.
  • Click "deposit" after you have entered the amount you want to deposit.
  • A small screen will then appear with a unique transaction ID, the amount you have chosen to deposit (converted to Bitcoin), the Bitcoin exchange rate, a Bitcoini address and a scanable QR code.
  • Scan the QR code or "copy / paste" the address into your Bitcoin account (wallet).
  • Enter the amount of money or Bitcoin you want to deposit. Make sure this amount matches what is displayed on the relevant screen of your betting company.
  • Your account (portfolio) company will present you with an opportunity to send a high or low fee. We recommend sending the highest fee because this way the transfer of your funds to the betting company happens faster.
  • Sometimes, the price of Bitcoin may change during the time interval between deposit and transaction confirmation. If the price goes down, you will run out of money to bet on. If the price goes up, you will have more credit available.
  • As mentioned above, almost every betting company will convert your Bitcoin into cash. As a result, your subsequent bets will be settled on cash. But you will be able to withdraw money back in Bitcoin.
  • When your deposit is verified by the betting company, they will send you a confirmation email.
  • Refresh the page after you have received the confirmation email and you will be ready to place bets. Your balance (credit) will be visible at the top of the page.
  • As mentioned before, the whole deposition process usually takes between 4-6 minutes. In very rare cases, the maximum time it can last is 40 minutes. If you encounter any problems, contact the betting company's customer service department.

How to withdraw Bitcoin from a sports betting site?

  • First go to the "cash" or "withdrawals" section of your betting company page.
  • Click "Bitcoin".
  • Enter the amount, converted to money, that you want to withdraw.
  • You will then be taken to a page containing a unique transaction identification number, the amount (converted to cash) you plan to withdraw, the Bitcoin exchange rate and an empty box for your Bitcoin email address.
  • Enter the name of your Bitcoin account (portfolio) company and the copy / paste Bitcoin address to which the betting company must send the funds. Bitcoin transactions are immutable once completed, so be sure to double check that your address is correct.
  • Click "confirm".
  • The homepage will take you to a new page, informing you that your Bitcoin withdrawal is underway.
  • Sometimes, the price of Bitcoin can change during the time interval between withdrawal and confirmation of the transaction. If the price goes down, the amount you receive will be reduced. However, if it increases, you will get more Bitcoin.
  • Some sports betting companies charge a withdrawal fee, regardless of the payment method you choose. If you are charged a withdrawal fee, it has nothing to do with Bitcoin itself; on the contrary, this money goes towards high costs for running a secure and reliable e-commerce platform.
  • It takes 1 to 48 hours for you to receive your Bitcoin.
  • Once you receive your Bitcoin, sports betting companies will notify you via email.

Note: Avoid Bitcoin exchanges

Our recommendation is to always use a Bitcoini account (portfolio) to send funds to the betting company, and not to exchange Bitcoin. These types of accounts, unlike foreign exchange, are not subject to strict anti-money laundering rules. If you use these accounts, sending Bitcoin to the betting company will go smoothly.

There are several online exchange companies, such as Coinbase, which restrict Bitcoin transactions with the betting company. While some others (extremely rare) freeze their customers accounts if they try to send funds to an online sports betting site.

If you decide to send Bitcoin from an exchange company to the betting company, you do not risk losing your Bitcoin forever. You only risk that during the exchange, your account freezes, which would then require you to transfer your Bitcoin to a separate account to complete the desired transaction. Therefore, the best solution is to open a Bitcoini account (portfolio) right from the start.

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