Bitcoin Sports

1. Nitrogen Sports is powered by Bitcoin: the future of currency. Keep reading to learn more about its advantages.
2. Bovada Bitcoin Sports Welcome Bonus - Terms and Conditions. The Promotion consists of one (1) 75% match bonus up to $750, and is valid only on a Bitcoin or Bitcoin Cash Deposit. The bonus code, BTCSWB750, can be redeemed once per player only on their first deposit, using Bitcoin or Bitcoin Cash.

Bitcoin Sportsbooks Bitcoin and other cryptocurrencies have become very popular within the last few years. This is a result of growing usage, adoption and price movements. At the moment, we can count more than a thousand various cryptocurrencies, including Litecoin, Ethereum, Ripple, NEO. Sports gamblers traditionally used cash to make wagers, and now you can even use Bitcoin to bet on sports. Learn more here.

The online sports betting world features plenty of deposit methods. Depending upon the mobile bookmaker, you can fund an account with a bank transfer, credit card, e-wallet, prepaid card, or wire.

Bitcoin (BTC) is yet another popular deposit option. It has gained steam in the online betting industry over the past several years.

Of course, with so many banking options available already, you might wonder what’s the need for BTC. The following guide discusses nine reasons why you should consider Bitcoin sports betting.

1 – No Third Party Involved

The main problem with traditional banking options is that there’s always a third party involved. If you use a bank-issued Visa card, for example, then the bank serves as an intermediary. It can reject your sportsbook deposit at any time if it feels the need.

Banks must follow the laws and their given jurisdiction. A financial institution will likely block your deposit for legal reasons if necessary.

So, what happens when you live in a country/state where online sports betting isn’t illegal but banks still reject deposits? Provided you find a valid banking option, then you can deposit at a sportsbook without hassles and without breaking the law.

Bitcoin becomes very valuable in this instance. It allows you to fund a sportsbook account without the fear of being rejected.

No bank or government controls Bitcoin. Instead, this is a peer-to-peer network that only involves you and the intended payment recipient. This also means that there’s not much in the way of oversight, so be careful.

The miners who facilitate transactions by solving computational problems can’t see what your payments are for. With that said, there’s nobody to reject your transactions for any reason.

2 – Access to More Online Sportsbooks

Many mobile sportsbooks that operate in unregulated markets are turning to Bitcoin. They like the idea of a peer-to-peer network that allows them to connect directly with customers.

Therefore, you can find numerous Bitcoin betting sites. If you’re comfortable using BTC, then you’ll have many more options when looking for a sportsbook.

Some countries have restrictive banking laws that make it hard to place betting deposits. Assuming you live in certain US states, for example, then you may have trouble placing real money bets.

Again, Bitcoin has nothing to do with banks or other third parties. The result is that you don’t need to worry about restrictive laws hampering BTC.

3 – Low Fees on Payouts

Some banking options feature high fees that can cut into your bankroll. If you withdraw money using Neteller, for instance, then you’ll pay around 3% of the cashout amount to the e-wallet. Wire services are even worse because they take $35 per withdrawal.

Bitcoin isn’t entirely feeless itself. You do need to cover a small fee that goes to the miner who facilitates your transaction.

The keyword here, though, is small. You’ll generally pay 1% or less of the total amount of funds that are moved. If you’re cashing out $300 in BTC, for example, then you’ll likely pay $3 or less in fees.

4 – Quick Withdrawals

Every banking method differs with regard to the cashout speed. E-wallet withdrawals generally hit your account within 24 hours or less. Bank transfers, meanwhile, can take up to seven days to arrive.

Bitcoin isn’t usually as fast as e-wallets with regard to speed. However, BTC cashouts are normally available faster than most other banking methods.

You’ll generally receive your money within one to three days. With that said, you don’t have to wait long when getting Bitcoin payouts.

5 – Special Bonuses

Real money online sportsbooks often cover transaction fees on deposits. For example, they might cover a 3% Visa fee when you use a credit card.

Therefore, sportsbooks also stand to benefit from Bitcoin’s lower fees. As a result, they encourage you to use this cryptocurrency as much as possible with special bonuses.

Mobile sportsbooks offer deposit bonuses that are specifically dedicated to Bitcoin. For example, they might feature a 100% match bonus worth up to 0.01 BTC.

A one-hundredth of a Bitcoin doesn’t sound like much at all. Considering that the current price of BTC is $55,000, though, then 0.01 BTC is actually worth $550.

If you’re betting with Bitcoin, then you should definitely check your preferred BTC sportsbook’s promotions section. You might find multiple Bitcoin bonuses available.

Bitcoin Sports Contract

6 – High Level of Anonymity

Depending upon your personal preferences, you might not like online betting transactions showing up on your credit card or e-wallet statements. This information could find its way to creditors and affect your chances of getting a loan.

Bitcoin, by comparison, offers much more anonymity than the average banking option. When using Bitcoin, you’re only identified by your wallet address.

Therefore, nobody knows when you deposit or cash out from online betting sites. Instead, people can only check anonymous addresses and see BTC being moved to and from them.

7 – Your Bankroll Could Go Up Automatically

Bitcoin’s main use isn’t as a currency. Instead, most BTC owners are speculating on its price hoping that this volatile asset increases greatly in value.

So far, those who’ve bought early and held have gotten rich. One Bitcoin was worth a penny when it became available in 2009. Now, it’s worth a whopping $55k per coin.

You can gamble in two main ways with Bitcoin:

• Placing sports bets and other types of wagers
• Speculating on if your bankroll/investment will go up in value

The latter can really be a rush given how volatile Bitcoin is. In early 2021, for example, BTC went up by over 500%!

Bitcoin Sports Exchange

8 – Deposits Become Easy to Make

Some online bettors avoid Bitcoin because they don’t feel like learning a new process. They’re perfectly fine with using payments systems they already know, like credit cards or e-wallets.

However, Bitcoin isn’t more difficult to use than an e-wallet once you get the hang of it. This is especially true when considering how easy exchanges like Coinbase and Gemini make the process.

You can start learning how to use Bitcoin by creating an account and exchange. From here, you enter your banking details and transfer money to the exchange.

Afterward, you’ll be able to buy BTC and/or whatever other cryptocurrencies are available. You then go through the simple steps of sending your Bitcoin to the relevant online sportsbook.

You might also consider creating a BTC wallet that’s separate from the exchange. A common saying in crypto is, “Not your keys, not your Bitcoin.”

This phrase alludes to how the exchange technically controls your coins if you leave them there. However, you probably don’t ever need to worry about this aspect when using a reputable service (e.g. Binance).

You can especially consider skipping the wallet creation if you’re mainly using the exchange to send and receive Bitcoin from a betting site.

9 – Get Extra Bonuses at Crypto Exchanges

Earlier, I covered how you can get special Bitcoin sports betting bonuses. But you can cash in even more through bonuses offered at exchanges.

Many crypto exchanges provide some sort of signup bonus. For example, you might receive $5 or $10 in BTC when signing up.

The same exchange may have a loyalty program where you earn rewards based on your trading volume. You’ll receive a percentage of trading fees back in this case.

Coinbase even features an “Earn” program that allows you to get free cryptocurrencies for completing quizzes and watching videos. That said, you don’t just have to stop at the sportsbook itself with regard to bonuses.

Conclusion

Mobile sports betting is all about entertainment and, hopefully, winning money. That said, you don’t want to worry much about how you’re going to make deposits and cashouts.

Bitcoin betting sites help eliminate this headache. BTC serves as an easy way to move funds on and off mobile sportsbooks.

It offers a peer-to-peer network that uses miners, instead of third-party intermediaries, to facilitate transactions. It also features low fees and fairly quick transaction speeds.

If you’ve ever had trouble depositing with credits cards, e-wallets, etc., and hate the fees involved, then you should definitely consider BTC sportsbooks.

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Bitcoin sportsbooks make it easier than ever to place wagers on major sporting events. Bitcoin sports betting allows players to wager on the results of various sports events like tennis, boxing, soccer, baseball, basketball, cricket, motor sports, rugby and many more. The BTC sportsbooks listed below have all been thoroughly tested by GamblingBitcoin.com. The following are the best Bitcoin sportsbooks we’ve come across yet!

TOP 5 BITCOIN SPORTSBOOKS

1.Cloudbet sports
A complete Bitcoin sportsbook that allows players to parlay up to 7 selections! There are a wide selection of leagues to bet on and supports live In-Play betting. The minimum bet is 0.1 mBTC while a colossal maximum bet of 30 BTC is available for NBA, NHL and soccer bettors. Cloudbet offers a generous 100% first deposit bonus up to 5 BTC to their members and also rewards players with loyalty points for each bet you place. The odds are some of the best you can find online. The odds are extremely competitive when compared to most other Bitcoin sportsbooks. Full Cloudbet sportsbook review

2.Sportsbet
A straight forward Bitcoin sportsbook that comes fully loaded with every major sports league in the world. Offering straight, single and multi-betting, live In-Play betting and a fully comprehensive list of prop bets. Sportsbet’s betting software is incredibly simple to use and offers odds that are more competitive than almost every single Bitcoin sportsbook. The minimum bet is 0.01 mBTC and maximum is not displayed. They offer ‘money back guarantee’ on popular sports events, and run weekly leaderboard contests where every punter can win a serious price just for placing bets! All deposits and withdrawals are instant and require 0 confirmations. Additionally they have 24/7 live chat support and a full casino platform with Bitcoin. Full Sportsbet sportsbook review

3.Fortunejack sports
Fortunejack Sports offers bitcoin live & mobile betting on every major sport. Looking for soccer, baseball, tennis trends, game previews or matchup details? They provide statistics so you can do your research and handicapping on their site. Want to place bitcoin or bitcoin cash bets on the Kentucky Derby or The Breeders’ Cup? FortuneJack Racebook has it from its list of over 80 venues. Bitcoin first depositors benefit from 2x their stake in free bet, eligible for use in Sportsbook & Racebook, on any sport, odds and wager type. For bitcoin, there isn’t a deposit limit, neither a maximum withdrawal limit. They reserve the right to divide any payment over 50 BTC into 10 installments of 10% each, for 10 months. Minimum withdrawal amount is 0.004 BTC or its equivalent in other currencies. FortuneJack Sportsbook has a large diversity of prop bets. You will discover more bitcoin betting options on Politics, Sports and Entertainment than in other sportsbooks. Full FortuneJack sportsbook review

4.Betcoin sports
This BTC sportsbook comes with the full menu; straight bets, parlays, teasers, round robins, player props, handicaps, futures and many more can be found here! The minimum bet required is 0.13 mBTC while the maximum is 2.5 BTC with the possibility of higher bets being arranged. Despite having one of the largest sports selections there are currently no active bonuses for the sportsbook portion of this site. The odds are a few fractions of a percent away from being the top of the industry. Full Betcoin Sports sportsbook review

5.Nitrogen sports
Nitrogen Sports is a dedicated Bitcoin powered sportsbook with no fees and 0 confirmation deposits. Straight betting, parlays, props and teasers can be wagered on with minimum bets of 0.1 mBTC and a maximum of 1.2 BTC. They have by far the largest eSports betting section and every major league in the world from soccer to snooker. While they do not offer a bonus at this point in time, they do host several promotions which can be found on their blog. The odds flat out lead the industry and the site retains member pseudonymity by not requiring an email address to place a wager. Full Nitrogen sportsbook review

MORE BITCOIN SPORTSBOOKS

Online sports betting enables players to place wagers on sporting contests and other events over the internet. Many online Bitcoin casinos run BTC sports betting operations while there are also plenty of independent sportsbooks referred to as bookmakers. The majority of bets offered on online BTC sportsbooks include fixed-odds bets where players wager against the odds offered by the bookmaker.

Sporting contests are the most common event people bet on at sportsbooks, but there are also lots of other events featured at online Bitcoin Bookmakers. Politics, TV shows, weather, and celebrities are some of the other things you can bet Bitcoin on at sportsbooks.