Bitcoin Sportsbook Deposits
The virtual Bitcoin currency has become increasingly popular over the past few years and we only expect the trend to continue. Bitcoin sports betting sites make it easier for bettors worldwide to move money to their sportsbook accounts without having to worry about interference. In countries like the US where there are a number of gambling laws, using a secure currency that has no banking restrictions is crucial. Bitcoin sportsbook deposits are the most convenient way to fund your account and start betting on your favorite sporting events.
Being that Bitcoins are relatively new to the sports betting industry, it is helpful to know more about the cryptocurrency. You can continue reading to learn more everything you need to know about Bitcoin deposits, such as how to make deposits at Bitcoin sportsbooks and the best BTC bonuses to choose.
Without funds in your account, it would impossible to wager at an online sportsbook, which is why choosing how to make deposits is paramount. Bitcoin is the most convenient way for bettors to send money to their sportsbook accounts without hassle. After registering and obtaining the BTC wallet address from the sportsbook cashier, all you are left to do is transfer the specified deposit amount from your own secure Bitcoin wallet. While the ease of the banking process is an obvious plus, here are a few additional reasons why bettors should make Bitcoin deposits:
Bitcoin deposits do not take days to be processed and then delivered- they are handled instantly. When you submit the transfer from your Bitcoin wallet, the sportsbook cashier will process the request within minutes. Whereas checks and other payments would require additional verification steps, Bitcoins are immediately available in your account.
Transaction fees can cut into the amount that you actually have allocated for wagering. With BTC deposits, all of the money you send goes into your account without additional deposit fees from the sportsbook. You can spend your money making bets on your favorite sports, not paying for large overhead costs of the sports betting site.
While nothing you do online is 100% anonymous, Bitcoin deposits come pretty close. The sportsbook itself will obtain your contact information when you sign up for an account, but with BTC you never have to give any bank account or routing information. If you have multiple wallet addresses, you can alternate between them without issue. You are not being personally tracked to the funds, which is beneficial when you want an added level of privacy.
In the past, high rollers may have had a hard time finding deposit methods that allowed them to make large deposits without limitations. With Bitcoin sportsbooks, you can put the time you would have spent researching into making real money bets. The deposit maximums tend to be much higher for BTC than traditional methods like credit cards. You will also find that you can deposit more at once, or choose to make several big deposits within the same day. The best Bitcoin sportsbook for high roller deposits is 5Dimes.
5Dimes encourages its player to make Bitcoin deposits, so much that they will easily raise their standard maximum amounts. The range for BTC deposits is $25 to $10,000, which is already larger than the majority of online sportsbooks. You can do multiple maximum deposits on the same day, or, speak with customer service to do $15,000 or more in one transaction. The deposit is processed and credited to your account within 40 minutes, though the entire transaction typically only takes 15 minutes to complete. You can also enjoy unlimited Bitcoin withdrawals at 5Dimes for depositing solely with BTC. If you ever have any questions regarding the current Bitcoin exchange rate, 5Dimes offers several resources during the deposit process.
Online sports betting sites love to reward their new members, especially those that choose to deposit with Bitcoins. Compared to other promotions offered by online sportsbooks, deposit bonuses tend to offer the largest amounts of cash or free plays. In most instances, the funds are credited to your account immediately, though some bonuses will be distributed over time. Below we have two of the best Bitcoin deposit bonuses for those opening a new sportsbook account:
BetOnline offers a bigger deposit bonus than the majority of sportsbooks. When you make your first BTC deposit, the site will instantly match the amount by 50%. You can earn up to $2,500 in free plays just for joining the sportsbook and making a deposit. The only requirement is that the deposit and bonus must be rolled over 10 times before any withdrawals can be made. This bonus can be redeemed by using code NEW2500 while making your first deposit at BetOnline.
Make a qualifying Bitcoin deposit at SportsBetting.ag and you can earn up to $1,000 on top of your amount. The Welcome Bonus will match your initial deposit by 75%, and there is only a $25 minimum required. The bonus can be used on any sport you want from NFL and NBA to rugby and darts. You must wait 30 days before requesting a withdrawal, and also meet the 12X rollover requirement. This offer is exclusive to those making their first deposit, so use code NEW1000 at the cashier.
Being that Bitcoin is a decentralized currency, there is no specific government authority that controls the payment system. Due to being virtual and largely unregulated, it is not illegal in the majority of countries like the United States and the United Kingdom. You can always verify the specific laws in your region, but there have been no instances of individuals being criminally punished for purchasing or using Bitcoins for online sports betting.
When searching for a quality sports betting site, it is hard to find a sportsbook with a better reputation than Bovada. The operators of Bovada have been in the gaming industry for over a decade, while the site itself has been accepting US bettors for over 5 years. Their banking options are geared toward the best methods for USA players, which is why they primarily accept Bitcoins. You can deposit as little as $20 worth of BTC to begin wagering on any of the 20+ sports in the sportsbook. The maximum deposit limit at Bovada is $5,000, which is higher than any other method that they offer. No matter how much you choose to deposit, the funds will be available in your account immediately.
Bovada offers its new members an exclusive welcome bonus that allows you to put more money in your wallet. The $250 Welcome Bonus matches your initial Bitcoin deposit by 50%, for up to an additional $250 credited to your sportsbook account. The bonus has one of the lowest rollover requirements of any sportsbook reward, requiring the amount to be wagered only 5X before making a withdrawal. The welcome offer can only be used on your first deposit, so make sure to redeem the reward when you sign up at Bovada!
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