Step 1 - Get bitcoins.
To start your adventure with Bitcoin sports betting, you will need of course your bitcoins. In order to get that virtual currency you have to register at a Bitcoin exchange website or use a Bitcoin ATM or other service that will convert your regular money into bitcoins. You can find some Bitcoin ATM allover the World, ther are not many of them but surely if You leave in a quaite large city there should be at least one ATM. There are several good Bitcoin exchanges such as Coinbase, Bittrex, Bitfinex, Poloniex and many more. It usually does not take more than few minutes to buy bitcoins with fiat currency and most exchanges accept credit cards.
Step 2 - Choose a Bitcoin bookmaker.
After you have acquired your bitcoins, you have to choose a Bitcoin bookmaker at which you will deposit your bitcoins. The list of Bitcoin bookmakers on our website offers you current, unbiased reviews of Bitcoin bookmakers with all their advantages, disadvantages, betting offer and bonuses. Remember that there are two types of Bitcoin sportsbooks: Bitcoin only bookmakers and Bitcoin friendly bookmakers.
Step 3 - Transfer bitcoins into your bookmaker account.
Another step is transferring your bitcoins either directly from the exchange or from your wallet, into your betting account at the website of the bookmaker. This is the longest step out of all as many things can increase the time of this operation, in most caes are the fees paid by the exchanges, wallets to Bitcoin minners. Higher fee means faster crypto transfer, so if You choose to do it for free then You may wait even 1-2 days for the money to come at your bookmaker account.
And that’s it! Now, you can place bets using bitcoins! Choose a selection and decide how much Bitcoin you want to bet with.
Withdrawal of your Bitcoin funds
After you closed your bet, it is time to withdraw your betting funds. Depending on the type of sportsbook, you may either get your bitcoins and possibly the money you have won as well in the form of bitcoins or as it the case at bitcoin friendly bookmakers, converted into regular fiat currency such as American dollar.
The time that we propose in this article is the minimum amount of time you will need to get Bitcoin and bet with it. Due to various reasons such as the online safety procedures, internet traffic, waiting cues at the exchanges and bookmaker websites and many other, your time may rise up to even few hours. Usually, it should take you between an hour to two hours at most.