Bitcoin sports betting: our tips on cryptocurrencies

The bitcoin is certainly the payment option that has aroused the most curiosity in recent years. This crypto currency is revolutionary to say the least. It is not regulated by any state or banking authority , but created by open-source software. No government can therefore manipulate its creation and make its value rise or fall.

This virtual currency knows no borders and can be used by players all over the world, which explains the enthusiasm generated at the moment by the bitcoin sports betting . In this article, we propose you to discover the functioning of this currency which has not finished upsetting the market of online payment providers.

Presentation of bitcoin sports betting

Launched in 2008 by an inventor who uses the alias Satoshi Nakamoto , bitcoin is a virtual currency created by software. This cryptocurrency works with open access software that can be used by anyone. This software is not controlled by a state, a bank or a private company.

Because of this, the value of bitcoin varies depending on its use on a foreign exchange market . The issuance of new bitcoins is carried out automatically by the software code. At the moment, it is impossible to hack the operation of bitcoin because the currency is secured by the software. Every 10 minutes, a computer on the network that has the bitcoin software is used to verify the validity of the transactions made.

Since its creation, the price of bitcoin kept climbing and diving. This is explained not only by its popularity, but also by the decisions of some countries such as China or Thailand that have banned the use of bitcoin. Today, 1 bitcoin is worth 699 Canadian dollars. The high value of this cryptocurrency is explained by the limited number of bitcoins in circulation and by its increasing use on e-commerce sites.

In view of the many advantages offered by cryptocurrencies, Canadian players are increasingly looking for gaming sites that accept bitcoin as a means of payment. For the past few years, some online bookmakers have adapted accordingly and now allow you to make a deposit or withdrawal via bitcoin.

How to choose a site to place sports bets with bitcoin?

The bitcoin sports betting craze is in constant progress in Canada. Thus, you now have the choice between dozens of online bookmakers that accept BTC transactions.

Before registering on a bookmaker's website, we still advise you to base yourself on very specific criteria. The fact of accepting bitcoin is not an end in itself and other advantages must be offered to you throughout your adventure!

The cryptocurrencies available to deposit and withdraw 💲

This criterion is obviously essential for bettors who wish to make their transactions via BTC. To discover the means of payment accepted by the bookmaker, two options present themselves to you: you can go directly to the operator's website or consult our reviews dedicated to the best bookmakers.

Some sports betting sites choose to accept only cryptocurrencies while other bookmakers are more open to the expectations of each player. In this second category, you will have both the possibility of using traditional payment methods (Mastercard, Visa, Skrill, Neteller, etc.) and virtual currencies (Ethereum, Litecoin, BTC).

Our favorite bookmakers to pay in Bitcoin

1.		Bet99 Sports 100% exclusive bonus up to $600	Bonus 600$	Bet
2.		22 Bet A 100% welcome bonus up to $300	Bonus 300$	Bet
3.		Betmaster Sports 100% up to 160 CHF offered	Bonus 160CHF + 20 Free Spins	Bet

The available sports ⚽

Your bookmaker must offer you many possibilities for your sports betting. You have the right to wait the presence of almost all sports , with types of bets adapted to each discipline.

High odds will also allow you to consider better prospects for earnings. Finally, the range of bets must include both the most popular sports and those that are still reserved for an informed public. For example, we believe that a bookmaker available in Canada must allow you to bet on the following disciplines at a minimum :

Ice hockey	Football	Baseball	Basketball
Floorball	American football	Futsal	Golf
Cricket	Cycling	eSports	Dartboard
Handball	MMA	Motorsports	Ski jumping
Snooker	Tennis	Table tennis	Volleyball
Badminton	Bandy	Beach volleyball	Boxing
Rugby	Policy	Australian rules football	Athletics

Bonus 🎁

The best online bookmakers show great generosity towards their members. As you will have understood, here we will discuss the bonuses offered by these platforms! To begin with, you must benefit from a nice welcome offer during your registration. This bonus must allow you to double the amount of your first deposit or to be refunded for your first bet if it turns out to be a loser.

In parallel, the bookmaker must set up other promotions throughout the year: free bets offered on the biggest sporting events, a promo code to receive bonuses on deposit, or even a weekly cashback on your losing bets! Some operators even go even further by offering bonuses reserved for players who place their sports bets with bitcoin...

The user experience 📱

Your degree of comfort is a priority. The best bookmakers are precisely those who manage to make your experience optimal from start to finish. First of all, the interface of the site must be ergonomic enough to allow you to get your bearings in no time. The presence of a mobile application is also essential for players who are used to placing their bets at any time of the day.

The bookmaker must put in place tools designed to make your life easier. We are thinking in particular of statistics provided on each match, the cash out option to keep control over your current bets or even boosted odds on handsets. It's all these little details that will make the difference!

Reputation 🙋

Whatever advantages the bookmaker offers, first of all you need to make sure of its reliability. Each legal operator has licence a reference authority in the online gambling sector: Kahnawake Gaming Commission, Curaçao eGaming, Malta Gaming Authority, etc.

These legal notices are usually visible at the bottom of the home page. Such a license gives you certain guarantees, in particular on the implementation of a responsible gaming policy and on the security of your online transactions. You can also refer to the opinions of the players on the forums and the reviews written by our experts to better understand the reputation of a bookmaker!

The live betting 📺

Live betting is now a must-have option on sports betting sites. This feature allows you to bet on matches that have already started, with fluctuating odds depending on the game facts! The live space must still provide you with certain guarantees.

In particular, you are entitled to expect the presence of all live events. Some bookmakers have the unfortunate tendency to focus on the most popular sports as soon as it comes to live betting. You must also have many betting possibilities, with bets adapted to the specificities of each discipline.

Customer support 💬

In case of a problem, you must be able to count on customer service to help you. This is all the more valid on bookmakers who accept cryptocurrencies! If you need information about one of your transactions, an answer must be provided to you as soon as possible by customer service.

Ideally, this customer support can be reached via several means of communication : live chat, phone, email and contact form. When we dedicate a review to a new bookmaker, please know that we always contact customer service to ensure the professionalism of the advisors.

How to get bitcoin to make sports betting online?

To buy bitcoins, all you have to do is go to a bitcoin seller site. There are hundreds of sites that trade these cryptocurrencies. To avoid any risk of scam, we advise you to go to the most popular online platforms.

On these bitcoin buying sites, you are first asked to open a digital wallet . This wallet is essential to then buy bitcoins with a credit card or another means of payment. Your bitcoins are usually credited within 90 minutes of your purchase. This period of time is necessary to verify the validity of the transaction.

The advantages of bitcoin sports betting

In the space of a few years, bitcoin has become democratized in many countries around the world. This is not surprising as this cryptocurrency has real advantages. If you decide to place sports bets with bitcoin, you will be able to take advantage of it in your turn!

Anonymous transactions

The main advantage of bitcoin is its anonymity. Indeed, no public or banking authority has access to the details of your payments made via this cryptocurrency. It is therefore a good option for preserving your privacy since your personal information will never be disclosed. In addition, each transaction is completely secure thanks to an encryption system.

Transaction fees

No bank acts as an intermediary when you make a transaction in bitcoins. As a result, payments incur almost no fees compared to credit cards or bank transfers. So Canadian bettors can realize real savings by giving preference to this means of payment. Best of all, every deposit or withdrawal made by BTC is instant.

Exclusive odds

Some bookmakers highlight the transactions made by bitcoin sports betting. This is materialized in particular by exclusive bonuses and higher odds for bettors who use BTC. All you have to do is make a deposit via this payment method and optionally enter a promo code to take advantage of the offer. This observation is especially visible on sites that only accept cryptocurrencies, such as SportsBet and CloudBet, for example.

Frequently asked questions about bitcoin bookmakers

Finally, we will answer all your questions about bitcoin sports betting!