Bitcoin Sportsbook Deposits
The internet is always getting better and making things easier, and two great examples of this are online sportsbooks that let you bet on games from anywhere you might be, and innovative payment networks like Bitcoin. Combine these two things and you have an unbeatable combination. Bitcoin users will be happy to know that all of the top-rated online sportsbooks out there accept Bitcoin deposits. If you are new to this kind of web currency, get ready to learn about one of the best ways to make online transactions.
This page is going to show new and experienced Bitcoin users how they can deposit into online sportsbooks with ease. We will show you who can make Bitcoin deposits, how to sign up for a Bitcoin account, and how to make a deposit at a sports betting site. We will cover all of the fees, speeds, and limits (if there are any), as well as the impressive bonuses that you can take advantage of. We will also review some of the best online sportsbooks that are operating today.
Can Americans Deposit With Bitcoin?
American sports bettors can definitely deposit into a sportsbook via Bitcoin. Almost every site out there now accepts it as a currency, and the few that don’t are going to adopt it soon because it is proving to be one of the most popular sportsbook deposit methods for players from all over the world. Americans are lucky that they can use eCurrency such as Bitcoin to make sports betting transactions since there is a big lack of brick and mortar sports betting opportunities in the states. Online is the way to go if you are American and want to wager on any and every game throughout the NFL, NBA, MLB, and NHL seasons (as well as on college and amateur games).
Before you buy your first Bitcoin, you will need to open a free “wallet” by choosing a provider. If you go to bitcoin.org you will be able to find a list of the best eWallet providers, as well as information on exchange rates. Since Bitcoin is its own type of currency, it will incur these exchange rates just as if you were changing money at a foreign exchange office. Some popular Bitcoin providers with low exchange rates are Coinbase, BTCe, Coinsetter, and Quoine, but there are hundreds to choose from.
Once you have installed a Bitcoin wallet you will be given a personal Bitcoin address. This is the address that you will give the sportsbook when you make a deposit. You can purchase Bitcoins through your chosen provider and they will be added to your account. It is very similar to PayPal credit in this way, and you can pay for many things online using Bitcoin.
How To Make A Deposit With Bitcoin
To make your first Bitcoin deposit you will need to sign in to your sports betting account and navigate to the cashier or funding page. Click on deposits and choose the Bitcoin logo. Next you will enter the amount that you wish to deposit and any promotional code that you are wanting to take advantage of (more on promos and bonuses later). You will then send the desired amount from your eWallet address to the site’s eWallet address, and the transaction will be complete. Most online sportsbooks will add the funds to your account within fifteen minutes.
Bitcoin Deposit Speeds
As we mentioned at the end of the last section, Bitcoin transfers are really fast. Most sites will post the funds to your account within seconds, and at the longest about 20 minutes. If you don’t see the funds appear within that timeframe, you should first contact your eWallet provider to make sure that everything is alright on that end. Sometimes players forget how much they have in their Bitcoin account or accidentally give the wrong address. If this happens you can simply redo the deposit. If everything is ok on that end, then contact the sportsbook. Most of them have 24/7 customer support, including live chat. They will be sure to clear everything up and you can be on your way, making your millions, buying your Cadillacs, throwing some D’s on em
Bitcoin Deposit Limits
There are limits to everything, sportsbook deposits included. Listed next to the deposit method on the sportsbook that you are using will usually be a min/max column telling you how much and how little you can deposit at once. Bitcoin deposits are usually quite flexible, allowing you to add a small amount or a relatively high sum. Usually, the minimums you will find will be around $20, and the maximums around $10,000 (but sometimes lower). If you need to deposit a very large amount, you can choose a different method such as a bank wire transfer, or you can make two separate Bitcoin deposits.
Bitcoin Deposit Fees
The great thing about eCurrencies is that most sites love to use them because it makes everything easier. There is no processing to be done, nor banks to go through. Therefore, most sports betting sites will not charge you fees for Bitcoin deposits (some do charge small fees, however). If you every see a fee, it will surely be under 2%. Be aware though, that your eWallet provider might charge small fees for transactions, so make sure to check and see. Most of the good ones do not charge anything. Exchange rates will apply, so if you are depositing to a site that operates out of the Republic of Panama, make sure to keep in mind that the currency rate will probably be different. If you go to howtobuybitcoins.info, you can see all of the current exchange rates for every type of currency.
Bitcoin Deposit Bonuses At Online Sportsbooks
One great aspect of betting online is that you can get some excellent bonuses for making deposits. The first time you transfer funds after signing up at a site, be sure to check the promotions page to see if there are any welcome offers. Most sportsbooks will add somewhere in the neighborhood of $250 to $1,000 on top of your first Bitcoin deposit. Generally, you will need to enter a corresponding code to be eligible for the bonus. These codes can be found on the promotions page.
You are now ready to join a world-class sportsbook and make your first deposit via Bitcoin. If you don’t have an eWallet provider yet, head over to bitcoin.org to sign up for one. We have been wagering online for many years using Bitcoin as our means for depositing as well as withdrawing our winnings. These sites are perfect for new sports bettors and old pros alike. Check them out, and you will be sure to have a fun and prosperous sports wagering future.
Deposit With Bitcoin and Start Playing Fast
Bovada is an award winning sports betting site for U.S. players that has tens of thousands of members. It is not hard to see why. The site offers the absolute best odds on just about any sports you can think of, and delivers the lines as fast as Vegas does. The site no accepts Bitcoin deposits for $20 to $5,000 per transaction. The funds will be posted to your account within fifteen minutes, and there are no fees.
Bovada is also offering new members up to $250 on top of their first deposit by simply opting in for the welcome bonus. This is a great way to get your feet wet in the sportsbook without blowing through all of your own cash. All you have to do is wager the equivalent of the deposit and bonus amount five times, and then you can withdraw your winnings!
Most sites that allow you to deposit with Bitcoin will also allow you to withdraw that way. You will have needed to have made a Bitcoin deposit before you can withdraw, so if you deposit with a credit card the first time, you will not be able to withdraw to your Bitcoin account. There are a few sites that only allow Bitcoin deposits, but not withdrawals. They should be changing that rather soon, however.