How to Choose the Best Bitcoin Betting Sites?
With so many Bitcoin sports betting sites to choose from, you are probably wondering how we choose the best sports betting websites out there. We subject all the Bitcoin sports betting sites to intense scrutiny and look for some common features that distinguish the best sports betting sites from the average ones. Here are the things we look for in the best Bitcoin betting sites:
Availability
One of the first features which help us to decide whether the crypto betting sites are good or not is whether the online gambling site is available in your region or not. Many Bitcoin betting sites cater to limited areas, which reduces the appeal of these Bitcoin betting websites because only a handful of people can enjoy the casino. BTC sports betting options should be made available to people across the world. So the first requirement from the best crypto betting site is for it to be available in your region.
Reputation
The reputation of Bitcoin sports betting sites precedes it. So you will hear good things about the good crypto betting sites before you even visit the site. The reputation of a crypto sports betting site helps us to filter out poor websites and only look at top Bitcoin betting sites. If everyone is saying nice things about a sports betting site, it probably has more to offer than other sports betting sites that get numerous complaints.
Security
One thing you should never compromise on is the security of the Bitcoin betting sites that you choose. Since the whole online gambling process is virtual, it makes it easier for scammers to cause trouble via fake sports betting platforms. But if your crypto betting site has a license from a renowned regulatory body like UKGC or MGA, it means the crypto betting site adheres to prevalent safety protocols. Also, ensure that the sports crypto betting site has SSL encryption which would keep all personal data safe from third parties.
Number of Sports
It makes sense to choose crypto betting sites that offer a large variety of sports betting markets to choose from. Otherwise, it would take only a short while for the user to get bored of the sports betting platform and move on to other sports betting sites. The best Bitcoin betting sites offer a large number of sports, from cricket to horse racing. They also offer great betting odds, which adds the thrill to betting activities.
Number of Bonuses
Another thing to look for in crypto sports betting sites is the number of bonuses they offer to the users. Bonuses are the key to attracting audiences to any crypto betting platform, and these bonuses are greatly beneficial for the players. The best Bitcoin betting sites offer great promotions to their users. The more the bonuses, and lesser the wagering requirements, the better the sports betting site is.
How to Use Bitcoin in Sports Crypto Betting App?
If you want to use Bitcoins at crypto sports betting sites, it is pretty much the same as using fiat currency. The only difference is that there are a few extra steps in the process as cryptocurrencies need to be transferred from crypto wallets. In this section, we take a look at how to make deposits and withdrawals when using Bitcoin at crypto sports betting sites.
Deposit Process for Bitcoin Sports Betting
To make a deposit using Bitcoins, ensure that your crypto wallet has the necessary balance. Here is a step-by-step guide to complete the deposit process at crypto sports betting sites using Bitcoin:
- Create an account at a Sportsbook, and provide the necessary information to complete the process. Make sure that the details you provided are correct because the sports betting site will have them verified.
- Get a crypto wallet for your crypto tokens. You cannot conduct any transactions using cryptocurrencies if you don’t have a crypto wallet. So get yourself a crypto wallet before trading crypto tokens.
- Once you have your crypto wallet, it is time to buy your Bitcoin tokens. Look for a crypto exchange that lists Bitcoin and buy them in exchange for fiat currency (or other crypto tokens, if you have them).
- At the crypto exchange, once you have purchased the tokens, you will get the option to ‘Send’ them to your account. Transfer the tokens to your crypto wallet.
- At your sports betting site, in the deposit section, you will find the list of available payment methods. Select Bitcoin, and send your tokens using the QR code or the address listed on the sports betting site.
Your player account balance would immediately reflect the change in balance as the deposit is processed by the crypto sportsbook. Now you can start gambling online, be it on slot games or virtual sports.
Withdrawal Process for Crypto Betting
The withdrawal process, too, requires the player to have a crypto wallet, where your Bitcoins can be transferred after the withdrawal has been processed. Just follow these steps to withdraw your winnings from crypto sports betting sites via Bitcoin:
- Go to the Banking section of your sports betting site, and select the ‘Withdrawals’ option. You will be taken to the Withdrawal section, where all necessary details regarding the process are shown.
- Look for the available methods of payment, and select Bitcoin. Not all sports betting sites offer Bitcoin as a withdrawal option, so choose the crypto betting site carefully.
- Enter the amount that you wish to withdraw from your player account in terms of fiat currency. You will be directed to a page that shows the current exchange rate for Bitcoin to fiat currency.
- If the rate seems agreeable to you, proceed to enter the address of your crypto wallet. Finalize the details, and click the ‘Withdraw’ button, and the process would be initiated.
Keep in mind that withdrawals take some time to be processed, so they will not be reflected in your wallet immediately. But you will not have to wait long, because Bitcoin or any other crypto withdrawals are processed faster than other payment methods, which is one of the major reasons behind the popularity of crypto sports betting sites.
Pros and Cons of Using Bitcoin in Sports Betting Sites
Before finalizing your decision to visit any of the crypto sports betting sites, it is important to compare the advantages and disadvantages of crypto betting apps.
Pros
- Using Bitcoin at sports betting sites allows you to keep your transaction details anonymous, which greatly improves security.
- Bitcoin is more flexible than other methods of payment. As a result, transaction limits are higher. The best crypto betting sites have higher deposit and withdrawal limits.
- Since Bitcoin is a decentralized currency, the transaction fees are very low compared to other methods of payment on sports betting sites.
- Since sports betting sites want to encourage the use of Bitcoins and other cryptocurrencies, they offer more generous bonuses for crypto users.
- Bitcoin transactions are processed more quickly than other payment methods, which makes cryptocurrency betting more fun.
Cons
- Bitcoin is a very volatile currency. You might gain a profit sometime, but usually, you stand to suffer heavy losses if the market suddenly dips.
- Since Bitcoin is a decentralized currency, there is no central authority to reverse a transaction. Once a transaction goes through, there are no refunds.
- Bitcoin is a new currency, as compared to fiat currencies or online wallets, and is not yet accepted everywhere.
Best New Bitcoin Crypto Sports Betting Sites
As mentioned before, Bitcoin online betting sites are gaining a lot of popularity. This is reflected in the number of new betting sites that accept Bitcoin:
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Why Should You Try Bitcoin Betting Sites?
If you are interested in trading cryptocurrencies, crypto betting is just the thing for you. You can put your Bitcoins to use, and use them like fiat currency. After all, cryptocurrencies were developed with the idea to use them like regular currency. Thus, crypto sportsbooks offer a great platform to use your Bitcoins.
Bitcoin sportsbooks also offer a larger number of sports as well as more bonuses to their users, so crypto gamblers also benefit greatly. Moreover, the withdrawal time is less too, as compared to other payment methods. Another added benefit are the bitcoin betting bonuses, which gives punters the chance to claim free bets as a part of welcome bonus.
Is It Safe to Use Bitcoin as a Payment Method for Betting?
Bitcoin functions on the blockchain, where each transaction is recorded anonymously by the people. People have to mine for new blocks every time that a new transaction takes place, and people who finish their mining fastest, get to record the transaction. This process ensures that the data cannot be leaked. All the data is encrypted, and recorded in a manner that can barely be understood by the parties. So when it comes to gambling online using Bitcoin, you can rest assured that it is completely safe.
Conclusion
It is pretty clear from the above information that there is no dearth of Bitcoin sportsbooks in India. With so many benefits like added security and generous promotions, there is no reason for people to not check out the best Bitcoins sports betting sites. Most popular crypto sportsbooks offer the option to make deposits and withdrawals using Bitcoin, which enables crypto gamblers to enjoy sports and casino games with Bitcoin cash. Feel free to check out any of the crypto betting sites listed above, and see for yourself why we have chosen them as the best Bitcoin sportsbooks in India.
Bitcoin Betting Apps in India FAQs
Here are some of the most commonly asked questions on Bitcoin online betting sites:
Crypto sports betting sites are sportsbooks or sports betting sites that allow users to use crypto to place their bets. Crypto sports betting sites are gaining popularity because it enables users to indulge in crypto betting.
There are numerous Bitcoin betting sites in India, but the best Bitcoin betting platforms are 22Bet, MelBet and 1xBet, among others. Along with a wide range of games, competitive odds and numerous sports markets, each crypto betting site is also known to be highly secure. So punters can enjoy their favorite casino games and place sports bets at these Bitcoin betting platforms without having to worry about security threats.
The best Bitcoin betting sites are the ones that allow people to deposit as well as withdraw using Bitcoin. Moreover, Bitcoin crypto betting platforms should also offer a large variety of games, along with better sports betting odds.
There are many Bitcoin betting sites where you can use Bitcoin to make your deposit. Go to the 'Deposit' section of the bitcoin sports betting site and select Bitcoin as your preferred method of crypto betting deposit. Then simply transfer your Bitcoins to your betting account from your Bitcoin wallet.
