Using Bitcoin in Online Sportsbooks
Cash? Bah, humbug! Credit Card or Check? Grrrr… Bitcoin? Hmmm…
That’s the growing mindset of many online sports betting enthusiasts – and rightfully so!
Using Bitcoin in Online Sportsbooks & Casinos
You see, in today’s technologically advanced times, the growing world of cryptocurrency – and Bitcoin in particular – are becoming a staple of the sports betting industry and now, one of the most preferred means of making online sportsbook and casino wagers.
Before I go any further, let me define what a cryptocurrency is.
Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
Okay, now, let me explain how you purchase and then use Bitcoin at an online sportsbook or casino.
In order to purchase Bitcoin, you need to find a Bitcoin exchange where you can purchase them – through a secure method. The first thing you need to ask yourself is the exchange you’re purchasing your coins from, trustworthy?
Does the exchange you’re thinking about buying from provide transparent data on its coins in cold storage and more importantly, are the exchange’s customers happy with their service?
You’ll also need to know which currency pairs the prospective exchange accepts, depending on what country you’re in and what currency you’d like whether it’s USD, Euros or another currency. Go to the exchange, set up what’s called your ‘wallet’ and then you’re good to go.
From there, you’ll need to transfer your Bitcoin to your preferred sportsbook. This generally means you’ll need to go to your sportsbook, log into your account and enter the amount you wish to deposit, via Bitcoin of course.
Copy, (never type in) your Bitcoin Address and go to your funded Bitcoin wallet. Send the Bitcoins from your Bitcoin Wallet, by pasting your sportsbook’s Bitcoin address into the correct box. Once you’re finished, you will see the USD equivalent of the Bitcoin that you sent in your sportsbook or casino betting account and off you go, making your wagers like you would with cash, credit or checking deposit! If you want to make a Bitcoin withdrawal, enter your Bitcoin wallet address in the field. Bitcoin is safe and fast and easy to fund or withdraw.
Now, give it a whirl! Brought to you by www.YouWager.eu online Sportsbook and Casino.