Learn how you can use Bitcoin and other cryptocurrencies to bet on all your favorite sports. Bet on the NFL, NHL, NCAA NBA, and more with these digital currencies.
How to use cryptocurrency to bet on sports, In this article we will go over how to use cryptocurrency, including Bitcoin, to bet on sports.
Welcome Bonuses
Some sporstbooks have higher welcome incentives if you use crypto to deposit, as well as some depending on the state you are in. If its not fully completely legal, there are a lot of books you can use. On most of these platforms, Bitcoin is the easiest way to make your first deposit.
Now here’s the real important thing to note. It’s really important if you want to bet on an event within 48 hours, and this is why.
Coinbase does not let you transfer your recently deposited Bitcoin for up to 3-5 business days to verify that the transaction goes through (exception, if Binance or Coinbase accepts credit or debit card in your location, mine does not, then it may be readily available).
I know it can be complex, and that’s why I’m writing this article, so you can take the fast lane on using cryptocurrency to deposit at sportsbook sites and apps.
How I Use Bitcoin to Bet
For example, I want to bet on the Chiefs Dolphins game this week in London. What I will do to deposit money into my sportsbook, Bovada is buy Bitcoin on Bitpay.
It takes about 30 minutes to receive the Bitcoin to your cryptocurrency wallet, and then just send it to your Bovada wallet or whichever app you choose to use. I use Bovada, you can join here.
To send to your wallet, you will go to deposit, select the option of cryptocurrency, then Bitcoin, then what you will do is copy and paste the wallet address to Bitpay, as the address that you are buying the cryptocurrency with.
Things to Note
Sometimes cards will not go through on Bitpay depending on the institutions cryptocurrency policy. I know that Capital One does not allow crypto transactions.
If this is the case, Coinbase will sometimes make the cryptocurrency available immediately upon initiating a deposit, and you are then able to send, worst case, it will take about 3 business days to be able to send your crypto wallet to be able to bet.
I know it can be confusing if you aren’t into cryptocurrency as much as you are sports, like myself, I hope this helps, and if you still have questions, I am happy to answer questions if you’d like to send me an email. Sbrenden59@gmail.com