STEP ONE – BUY BITCOINS

You will need an exchange site, where you can buy bitcoins or if you like exchange your EUR, $,…into bitcoins. Go to Kraken.com or Coinbase.com. Open an account and simply purchase bitcoins with your credit card or bank transfer or any other method (more). Send those bitcoins to your wallet (see step 2).

STEP TWO – CREATE A WALLET

You need a wallet, where your bitcoins will be stored. Go to Blockchain.info and open an account. After you click “Start Receiving Bitcoins” you will get your code (something like this: 5BvBMMEYstTeuqTFn5Au4m4GFg7xJaNV) and this is basically your address. Then you can send your bitcoins from Coinbase.com or Kraken.com to this address without any problems. When you will have your bitcoins on Blockchain, you can easily send those bitcoins to your bookmaker, which is explained in step 3.

STEP THREE – SEND BITCOINS TO BOOKMAKER

First you will need a bookmaker, that accept bitcoins of course. My Recommended list:

  1. Nitrogensports
  2. Cloudbet
  3. Sportsbet.io
  4. Lunarbets
  5. Coinbet24
  6. Betcoin
  7. Betbtc

After you sign up just click “deposit” and chose bitcoin as a payment option (all those bookmakers have a pretty similar way to do this). They will show their address (something like this: 5BvBMMEYstTeuqTFn5Au4m4GFg7xJaNVN2). Copy this address and go back to your Blockchain.info account and click “Send”. Just paste this address from your bookmaker and that’s it.

STEP FOUR – WITHDRAWALS

A lot of sites will forget to tell you how to get back $, EUR, etc. 🙂 But it is very simple and this is in fact – “STEP 2”, where you click “Start creating bitcoins”. You will get a code. Go to your bookmaker, click on withdrawals/payouts and select bitcoins. They will ask you for this code and that’s it. And your bitcoins will be on your Blockchain account. From here you can send bitcoins back to Kraken or Coinbase and turn bitcoins to money:  $, EUR,…

What is bitcoin?

Reasons why you should use bitcoins for sports betting

  • PRIVACY – Bitcoin is often described as an anonymous currency because it is possible to send and receive bitcoins without giving any personally identifying information.
  • FREEDOM – A lot of countries will restrict players, but if you bet with bitcoins everyone is accepted (depends on bookmakers rules) and I don’t know how can your country get information, that you bet.
  • FREE AND INSTANT PAYMENTS – Withdrawals and deposits are free and instant. This is great!
  • BETTER BONUSES – Bookmakers will offer better bonuses, because they support bitcoins.
  • CHEAPER – With all the fees, that you have to pay when using traditional payment methods and everything else, using bitcoins is much cheaper.
  • THIS IS THE FUTURE – We are still using paper money and coins like in middle age. Digital currency will win on the long run. Things will change dramatically in very short time. Bitcoin is getting more and more valuable every year.
  • MAKE MORE MONEY – There are projections, that bitcoin will be worth around $80.000 in 2020. If this is only half true, then you can make a lot of money, just by holding bitcoins. If you bet you can make even more money.

Any Disadvantages?

  • STABILITY – The only problem with the bitcoin is that this is young currency and it is still not stable – it can go up and down pretty quick, but on the other side, bitcoins are rising up every year. I also believe, that in the future we will not use papers and coins like in the middle ages, but we will use digital currency. Technology is the future and so it is online betting and digital currency.

Other Sites, that I like

Bitbond – is a global peer-to-peer Bitcoin lending platform. Peer-to-peer bitcoin lending gives individual investors access profitable interest rates. At the same time borrowers get small business loans quickly and in an uncomplicated way.

Bitplotus – is a unique binary options broker that works with bitcoin as well as fiat. It offer pure bitcoin transactions as well as bitcoin options that help keep player anonymity. Very good good reputation in terms of withdrawals and customer care.

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