Sports Betting With Bitcoins
Move over Visa and MasterCard, Bitcoin is the new payment system that is taking over at online sports books. Sports betting with Bitcoins has become one of the most popular methods for bettors all over the world because this cryptocurrency is known for reliability and security far beyond credit and debit cards. BTC sportsbooks have an impressive selection of sports, wagering types, and incentives specifically for bettors that use Bitcoins.
If you are new to betting on sports with Bitcoins, you may not know all of the additional benefits of using the banking method. Whether you are a casual bettor or a high roller, using Bitcoin is advantageous. Continue reading to learn more about why you should use this amazing new currency and how to bank at BTC sports betting sites.
High roller Bitcoin sportsbooks alleviate the issues that bettors may run into when using credit cards or other common banking methods. One of the main priorities of high stakes bettors is to be able to move large amounts of money without having to make multiple, smaller transactions. Bitcoin deposits oftentimes have higher maximums than most banking options, and also allow bettors to deposit more frequently than just once a week. 5Dimes, for example, allows BTC bettors to make multiple deposits of up to $10,000 or request a larger single deposit amount. You will not find this option available when making credit card deposits because banks may flag transactions over a certain amount.
A high-stakes bet is placed with the intention of getting an even higher return, and nothing is worse than having your payout distributed over the course of a month. With Bitcoin payouts, the maximum limits are much higher than other methods so you are already in a position to withdraw more at once. There are also sportsbooks that put no limitations on the amount that you can withdraw with Bitcoin as long as you have exclusively made Bitcoin deposits with their sportsbook. While it may take a week or more to receive a check or money order in amounts of over $5,000, Bitcoin payouts are sent instantly regardless of the amount. Big spenders can use Bitcoin to their advantage to make high limit bets and cash out with ease.
Bitcoins are the safest and most secure way to bet at online sportsbooks. The peer to peer currency offers a number of benefits that other payment systems do not. For one, Bitcoins are transferred virtually over the internet which translates to exceptionally fast deposits and payouts. Bitcoin deposits are available for wagering immediately while payouts should arrive to your account within hours. There are also no fees for sending Bitcoins from one wallet address to another, which is a huge cost saving when you consider the $80+ fees associated with other banking methods. The Bitcoin wallet concept also ensures anonymity when sending or receiving funds, so you never have to disclose any personal banking account information.
US bettors, in particular, are privy to having their credit cards declined when attempting to use them at an online sports book. With Bitcoin, there are no banks, third-party processors, or merchant services there to deny a payment. It is up to the user to submit and approve transactions, which also means that once transactions are sent they cannot be reversed. This reliability is also advantageous to sports bettors all around the world. Unlike traditional currencies such as the dollar, euro, and British pound, Bitcoins are accepted worldwide and you can use them to bet on any sport that you prefer!
Bitcoin is a virtual currency which makes it one of the fastest banking methods that a sports bettor can choose. It is nearly impossible to find an online sportsbook that does not accept Bitcoin or recommend that its bettors use BTC as their primary payment form. Using your e-wallet to make deposits at online sportsbooks is simple. Just obtain the sportsbook’s wallet address from the cashier, select your funding amount, and then transfer the funds from your BTC wallet. Bitcoins are credited to your account immediately and you never have to worry about any fees. The minimum deposits are always low with BTC, which means you can usually start wagering with as little as $20 or as much as $10,000.
If you want the fastest payout possible, Bitcoin is the only option. Sportsbooks can take anywhere from a week to a month to deliver checks, money orders, or bank wires depending on the amount of cash. Bitcoin withdrawals are always processed within a few hours and in most cases, payouts are transferred to your wallet within the same day. You do not have to provide bank account or routing numbers, just give the sportsbook cashier your unique BTC wallet address. Just as with deposits, there are no additional fees charged by the sports betting site for withdrawals.
One point to note is that some sportsbooks, such as Bovada, may only allow bettors to withdraw with Bitcoins if they have previously made a BTC deposit. As is also the case with this particular sports betting site, you may be required to only withdraw via BTC once you have started making deposits with the virtual currency. Sites such as 5Dimes do not require a bettor to exclusively deposit with BTC, but they do reward BTC-only members with additional incentives such as increased withdrawal limits.
It is completely legal to use online sportsbooks with Bitcoin. Unlike fiat currencies, there are no government agencies regulating how you can and cannot use your Bitcoins. You can easily buy BTC from a number of online exchanges without having to worry about any legalities. The virtual currency has become a prominent form of payment at various retailers and online sports betting sites, and there have been no cases where a bettor was penalized for purchasing Bitcoins. It is one of the few currencies that sports fans from the USA and other excessive gambling law countries can use without having to worry.
Bovada has always been at the leading edge when it comes to meeting the needs of sports bettors, and that is why Bitcoin is one of the two exclusive banking options provided by the sportsbook. Bitcoin is the most reliable way to make deposits and withdrawals, which is why the virtual currency is Bovada’s preferred banking method for customers. You can instantly deposit anywhere from $20 to $5,000 and the funds will be immediately credited to your account. Bovada also offers a welcome bonus that will match your initial deposit by 50%, up to $250. No promo code needed, just visit the bonus page of your account. Bitcoin payouts at Bovada start at $20 and go up to $9,500, which is one of the higher Bitcoin withdrawal limits.
Bovada offers betting lines on all of the major sports, such as NFL, NHL, MLB, and NBA, but there are also smaller markets as well. You can bet on motorsports, UFC, golf, rugby, tennis, and more. There are even political and entertainment prop bets if you want a break from traditional sports. While spread betting and totals are popular for football and basketball wagering, you may want to bet teasers, pleasers, if-bets, or parlays with different games. The options are truly endless when you bet with Bovada.
Known for offering the best betting odds and thousands of wagering options, 5Dimes is one of the best online Bitcoin sportsbooks that you will find. In addition to serving the online gaming community for over two decades, the sports betting site also has the most secure banking options. Bitcoin is the most reliable method for both deposits and payouts, and 5Dimes has higher limits than any other sportsbook. The cashier will allow deposits as little as $25, and as high as $10,000. The site also ensures that your Bitcoins are available to be wagered instantly after your deposit. Unlike other sportsbooks, you can also make multiple deposits on the same day.
5Dimes rewards their customers for exclusively using Bitcoin. If you have a history of only making Bitcoin deposits, the sportsbook will not impose any maximum limit for your withdrawal. That means you can request as little as $50 and the sky is the limit from there. Keep in mind that the most you can request from the online cashier is $10,000, so be prepared to contact customer service to withdraw more. 5Dimes has four different customer service options to choose from, with live chat being the most popular. You can virtually chat with a representative without having to listen to hold music. Sending an email, making a phone call, or messaging the sportsbook on social media are also available contact methods. You can bet on sports without limits when you join 5Dimes online sports betting site!