Wed. May 29th, 2024
best bitcoin bookmakers

The Top Bitcoin Sports Betting Sites

Bitcoin has emerged as a popular payment method at online sportsbooks due to its convenience and security. Many leading bookmakers now readily accept bets placed with the cryptocurrency.

In this guide, we explore the top Bitcoin betting sites ideal for African punters looking to wager using digital coins.

Introducing Bitcoin Gambling

Bitcoin is a decentralized digital currency running on blockchain technology. Funds can be transferred peer-to-peer without banks or financial institutions acting as middlemen.

Transactions are verified by network nodes and recorded permanently on the public blockchain ledger. The cryptocurrency is pseudonymous with no personal information tied to BTC wallet addresses.

These attributes make Bitcoin well-suited for sports betting, allowing punters to deposit and withdraw to bookies anonymously and securely.

Top Bookmakers for Bitcoin Betting

Here are the best sports betting sites for wagering in Bitcoin:

  1. Cloudbet – Established in 2013, Cloudbet is one of the longest-running Bitcoin gambling sites. They offer comprehensive esports coverage in addition to all major sports. Their sportsbook and casino products can be funded solely using BTC and other coins.
  2. 1xBit – This platform accepts over 20 cryptocurrencies like BTC, ETH, LTC, and more. 1xBit has a huge array of sports markets and niche betting options even on politics, TV shows, and weather. Anonymous account registration takes seconds.
  3. Nitrogen Sports – Founded in 2012, Nitrogen was among the first Bitcoin-only sportsbooks. Their minimalist website and app provide one of the smoothest interfaces for crypto betting. Nitrogen is most known for their poker product but also offer sports wagering.
  4. Sportsbet.io – Backed by Coingaming Group, Sportsbet.io accepts bets in Bitcoin, ETH, and other altcoins. They have an extensive selection of sports markets, including virtual sports and esports. The site highlights the anonymous and fast benefits of crypto gambling.
  5. Btcsportsbet – As the name suggests, Btcsportsbet is a Bitcoin-exclusive online bookmaker founded in 2016. They provide standard sports like soccer and basketball as well as unique offerings like drone racing and competitive eating!

These top-rated sites provide the premier Bitcoin sports betting experience.

Benefits of Wagering in Bitcoin

Some benefits of sports betting with BTC include:

  • Fast deposits and payouts – Transactions confirm within minutes, instead of days with traditional methods.
  • Low fees – Bitcoin’s network fees are generally lower than credit card and e-wallet transfer fees.
  • Anonymity – Accounts are simply linked to a BTC address with no personal information required.
  • Security – The blockchain’s cryptographic encryption protects payments. Funds are secured in your own wallet.
  • Accessibility – Bitcoin allows betting from regions where gambling transactions may otherwise be restricted.
  • Ease of use –introductory guides make the process of purchasing, storing and transferring BTC easy.

For convenience, privacy and security, Bitcoin gambling ticks many boxes.

Getting Started with Bitcoin Betting

To start betting on sports using your Bitcoin holdings:

  1. Sign up at a reputable BTC sportsbook – We recommend options like Nitrogen Sports.
  2. Purchase Bitcoin – Use popular African exchanges like Luno or VALR.com or transact peer-to-peer.
  3. Transfer BTC to your betting wallet – Scan the bookmaker’s unique wallet address for deposits.
  4. Place wagers using BTC – Enjoy betting anonymously with fast payouts on wins!
  5. Withdraw winnings – Withdrawals are processed back to your personal BTC address for storage.

Many bookies offer signup bonuses for your first Bitcoin deposits and other promotional incentives.

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