Legal online sports betting is now widespread in the United States as the biggest names in gambling target a new US audience. It has changed how we watch and bet on sports, with the 2023 Super Bowl reports showing the game smashed all previous viewing figures, bets placed, and winnings paid. February’s match in Arizona to decide this year’s NFL champion was when the world noticed betting’s impact on football.
As a follower of football, basketball, hockey, or any other popular sport, you can now make predictions and place bets. But how do you protect your payment information and privacy while enjoying a bet? The leading sports betting sites accept several payment methods, from VISA debit cards to the Skrill e-wallet. But now Bitcoin has arrived. Everything is changing fast, but you must keep up to avoid being left behind.
Who can use Bitcoin to bet on sports, and is it secure? Many vital questions exist regarding using crypto tokens to deposit and withdraw cash through a betting app. This feature hasn’t been widely available to gamblers until recently, so there is still a lot of misinformation regarding betting with Bitcoin. Thankfully, we’re here to help with our five reasons to bet on sports using Bitcoin.
Secure
You’ll benefit from the tightest security when choosing Bitcoin to make deposits and withdraw your winnings. Users enjoy two lines of defense, with Bitcoin protecting your transactions and the bookmaker having security measures in place. Bet with the peace of mind from knowing your cash is always safe. You can spend more time looking for great bets and less worrying about who has access to your information.
Your bookmaker uses two-step authentication, which means you must enter your username and password to access your account. You’ll then receive an SMS or email with a link to complete the login. Your deposits and withdrawals are then protected by Secure Socket Layer technology. Your payment details aren’t seen by another person, including staff working for your bookie.
When depositing funds to your betting account from your Bitcoin wallet, you must confirm your transaction before transferring. In most cases, you can visit your crypto account and click the link to make the transfer. This is another layer of security showing how seriously the bookmaker and Bitcoin account takes your protection.
Fast deposits
When betting on sports, it pays to move quickly. When you have decided on your selection, you must act to get the most generous odds at the right time. To achieve this, you must have a payment account that instantly transfers the funds requested. Any delays could harm your chances of landing a winner. Thankfully, that’s not a problem you’ll endure when using Bitcoin.
All transactions from your crypto wallet and betting account are instant. You can add funds with the click of a button, sending the Bitcoin, and placing your bets in seconds. This feature is available on the website and mobile app, meaning you are always in touch with your betting and can keep track of deposits, results, and upcoming fixtures.
Fast withdrawals
When you bag a winner and a profit from betting, you’ll likely want to quickly get your hands on the funds. You’ll want to withdraw your winnings back to your payment method before the temptation sets in to place another bet. There urge to wipe the floor with your bookie is always present, but you must quit while you’re ahead.
Thankfully, Bitcoin lets you achieve this through fast withdrawals. The process takes just a few hours when requesting funds be transferred back to your Bitcoin account. Withdrawing to a debit card can take three business days while moving money to an e-wallet is advertised as less than 24 hours wait. But Bitcoin is the fastest and most secure method.
Widely accepted
You’ll find a growing number of online bookmakers now accept Bitcoin. You’ll find information on all accepted payment methods on your bookie’s website, and Bitcoin is becoming more popular. We expect to see all major sportsbooks accept crypto by the end of this year following a successful trial.
Welcome bonus
Bitcoin allows you access to the welcome bonus offered by your sportsbook. When you create an account, make your first deposit, and place a bet, your bookie will match your first stake in free bet tokens. Claim your share today.
