How to Wager with Bitcoin Betting Sites 2021
The wide acceptance of cryptos in the gaming world has redefined online betting. Today, bitcoin is becoming one of the most preferred payment options in the world of casinos and sports betting, and for obvious reasons. For one, the digital nature of the currency eliminates the problem of finding the right currencies for international gamblers.
With crypto, gamblers can access any betting site without worrying about the payment method. However, with the plethora of Bitcoin betting sites available today, it can be challenging to choose the right one.
If you want to gamble with cryptocurrency, it is important to choose reputable Bitcoin betting sites that offer gambling products and services in some of the most popular cryptos in the world, especially Bitcoin.
How Many Gamblers use Bitcoin Betting?
It is easy to assume that not many players have adopted cryptocurrency as fiat money seems to be the major options available at online betting sites. However, it is interesting to note that according to recent statistics; about 60% of transactions carried out with Bitcoin in the world are related to gambling.
It is essential to note that it is impossible to verify this figure, which means that it may be higher than the quoted figure since people residing in countries where gambling is banned can easily fund their accounts with Bitcoin.
How Can You Bet with Bitcoin?
The first thing to do is to find a reputable bitcoin betting site and sign up for an account with them. After opening an account, open an e-wallet account to store your currency. This gives you a source to fund your games and withdrawal your winnings. To fund the e-wallet account, you must purchase some Bitcoin. You need your credit or debit card, or other e-wallet payment options.
With Bitcoin in your wallet, you can link the wallet to your betting account that you already created. You can begin to fund your game account from the e-wallet account. With the fund in your account, you can proceed to bet as you would with fiat money. Players wagering at Bitcoin betting sites also have access to regular promotions, such as welcome bonuses, free spins, and free bets, among others.
Benefits of Gambling at Bitcoin Betting Site
- Gamble Anonymously: Players gambling on Bitcoin betting sites can wager anonymously without worrying that their transactions will be traced. With bitcoin, you can deposit and withdraw funds from the betting site without providing any personal details.
- Fast and Free Deposits: Unlike traditional money, players gambling with Bitcoin can have their transactions faster and free of any charges. When you deposit money with this digital currency to a betting site, the transaction is processed instantly and you get to have the fund in your account immediately.
- Fast Withdrawal: For most Bitcoin betting sites, you do not have to wait to complete your withdrawal processing. The transfer is done instantly and you only have to wait for the bookmaker to send the money to your e-wallet. There is no waiting processing period and everything is done promptly.
Bitcoin betting is smooth and seamless if you choose the right betting site. You must understand that some of these platforms are not legitimate. Therefore, do a thorough background check on the site you want to sign up with before you fund your game account.