23 rows · Bitcoin Sportsbooks directory by SBR. Learn how to use bitcoin with sportsbooks, read . If you use an online sportsbook, chances are you have seen the option to deposit money via Bitcoin (BTC). Most don’t give bitcoin much thought and just use the same old forms of depositing that they are used to. I wanted to take some time to inform my readers about bitcoin. Before making a deposit at a Bitcoin sportsbook, you will first need to buy Bitcoin through a cryptocurrency exchange. First of all, you will have to upload fiat currency – such as GBP, USD or EUR – to an online website or exchange. From here, you can sell your fiat currency in exchange for Bitcoin.
Bitcoin sportsbook depositsSafest Sportsbook Deposit Options For USA Players
They have all sorts of legal sportsbook deposit methods available to them. However, players living in the United States have to face issues such as declined credit card transactions, no available e-wallet options and a host of other hurdles to overcome.
That's why we've decided to develop a comprehensive and detailed guide to assist gamblers from the United States with funding their online sportsbook accounts.
We go into great detail on the safest and most reliable deposit options available today. We log into our own personal sportsbook accounts on a weekly basis to ensure that the information we offer is kept up to date and players aren't being given erroneous information. Bitcoin deposits are starting to become more and more popular every day. As a matter of fact, as of Jan , there are now several big-name US friendly sportsbooks that are currently accepting Bitcoin.
In addition to the Bitcoin giant, several other cryptocurrencies are starting to be accepted more frequently. Litecoin , Ethereum , and Dash are some of the newer cryptos making it onto the deposit and withdrawal pages of the US-accepted online sportsbooks.
These other cryptocurrencies are often used because they offer the fastest withdrawal and deposit times available online. With turn-around time cut to a minimum, players can focus on what really matters and get to placing bets right away. If you live in the US, you likely already have access to Zelle through your online bank portal or mobile banking app.
Because this payment platform is so popular, we are beginning to see reputable, well known USA sportsbooks accepting Zelle deposits. At these sites, you can follow their step-by-step instructions for how to use Zelle to purchase Bitcoin, which you can then use to directly top off your online betting bankroll.
All you need is an account at LocalBitcoins. Before Zelle, Bitcoin buy-ins would take up to 10 days to process, which is far too long to wait for sports bettors who want to wager on games immediately. Credit card account funding is a "must" for USA players.
People from around the world prefer using their plastic over any other type of funding option because it is safe, secure and speedy. This holds true for the majority of sports gamblers as well. The biggest issue facing credit card deposits are transactions getting declined by banks. Due to the hit and miss nature of your credit card deposit getting approved, most players choose to have accounts at several different sites to ensure one of them can process your credit card.
It's also worth noting that many sites are always bringing on new processing companies to help hide the codes associated with online betting.
So while your deposit might get declined today, it may very well get approved tomorrow. In addition you might consider trying your credit card more than once at a particular site if the first attempt is declined. Again because many sportsbooks have several different processors, the next attempt might be successful because they used a processor that codes the deposit as a book or flower shop or something other than gambling.
American Express or AMEX cardholders are looked upon as the most financially responsible and creditworthy individuals in the world. But from a business owner's perspective, in this case the sports book where you will be depositing money, it is more expensive per transaction than other credit card choices. Credit card companies like American Express charge their business partners a very small fee on each transaction. That is how you know that the brands that honor the AMEX card, and there are not too many of them, really have your best interests at heart as a US depositor.
More people hold a Visa credit, debit or charge account than any other. And Visa offers speed of transaction, safety and security for those US online sportsbook account holders who choose this particular deposit method.
Also, you do not need to have any particularly sterling level of credit to usually qualify for a Visa card. And even if your credit stinks, you can purchase prepaid Visa gift cards in any amount you like, and use them to fund your Internet sports betting pastime.
As with all credit cards, Visa charges a nominal fee to any merchant which allows you to use this convenient and familiar account funding method. That is why you will not find a Visa card offered as a deposit option at just any old betting site. MasterCard is generally regarded as one of the top-tier credit cards, along with Visa and American Express. And many of the financial and convenience benefits delivered by Visa for online sports bettors apply to your MasterCard as well.
The basic truth is that there are several advantages and disadvantages associated with this payment method. Take a look at them and then you can decide whether this banking method is suitable for you.
Here are some drawbacks:. What an interesting question. The answer can vary. Different countries have different regulations. For instance, laws in Costa Rica and Panama on the usage of bitcoins for gambling purposes differ from the U.
S regulations. The former has established itself as the central hub of online gambling using bitcoins. This is despite the law not being explicit in terms of stating that bitcoin gambling is legal. Sixteen others are still debating whether they should legalize it or not. Since it has no jurisdiction, US bettors can use it to play on offshore sites. Some of the countries that have passed explicit laws banning bitcoin gambling include Vietnam, Iceland, China, Russia, Ecuador, and Kyrgyzstan.
Bitcoins are managed in a wallet and that wallet is unique to each individual buyer. The person who owns the wallet is responsible for making sure two things:. With most online sportsbooks, you will be charged various fees for deposits using a credit card, wire transfers, Western Union, and bank checks. However, with Bitcoin, you can rest easy because there are no fees charged. The main reason is that there are no fees charged to the online sportsbook to make these transactions.
Bitcoin is still a new payment method in terms of gambling. This means its popularity is still in its baby steps compared to fiat currencies. Therefore, to entice new players, bitcoin gambling sites offer lucrative bonuses to bettors who make deposits and withdrawals using bitcoin.
Even so, fiat currency sportsbooks still offer competitive bonuses. Setting up a Bitcoin Wallet or Bitcoin Account is rather easy but people many look at it as a very complicated process.
The reality is it is no different than setting up a basic online account at any business. The first thing that we recommend you should do before creating your first wallet is to go online and read more about cryptocurrencies. The more you learn about Bitcoin and Cryptocurrencies, the better off you will be. Besides, there are a lot of scammers lying in wait for unsuspecting gamblers. The official Bitcoin website will be your first stop.
You must understand that there are two types of Bitcoin wallets: Web-based and desktop wallets. The only difference between the two is in the installation. You only need an internet connection and a browser to access it. On the other hand, a desktop wallet requires installation because it works like an app. The obvious disadvantage here is space.