Bitcoin casinos and betting sites
Cryptocurrencies are the most discussed subject of the last period. Virtually all TV channels and blogs, even if not strictly economic, have dedicated at least one service to this trend topic to try to understand something more. We were also interested in the subject and we tried to answer some questions that interest us closely: do Bitcoin betting sites exist? The answer is yes. Betting using cryptocurrency is an absolutely unique way of experiencing this experience. In this Bitcoin review we will find out how to do it: how to get the cryptomonet, how to top up the bill and how to withdraw. And we will also give advice on how to act in complete safety. To find out which is the best among bookmakers who accept payments with the most famous alternative currencies, just look at the table below.
What are Bitcoins?
How to use the best Bitcoin betting sites?
Top up your online betting account with Bitcoin
We understand what Bitcoins are, how the system works and how to create a portfolio to buy and manage our cryptocurrency. We are therefore ready to make our first deposit on Bitcoin betting sites. There are some possibilities, even just talking about operators with an Italian license. Let’s see them in detail. The first and the most known one goes through Neteller. Our team has prepared a three-step image that illustrates the operation in a simple way, as you can see better below. Just log in to our NetBet account and follow the instructions to complete a normal deposit. Among the payment options, click on the Bitcoin logo to start the process. At this point you have to choose the amount of your deposit, but be careful because you have to choose the amount in traditional currency, ie in euros. Here Neteller enters into action, acting as a mediator, operating the transaction and changing the cryptocurrency into euros in order to finalize the operation.
As you can see from the three steps illustrated above, the process has been optimized to be extremely simple and easy to carry out. The final deposit is in legal tender currency and requires an intermediary to be completed. Therefore anonymity is not maintained and there is no risk of money laundering, making the transfer of money in question very similar to a normal deposit.
Three methods explained in detail
As we anticipated, next to the method that includes Neteller in payment, there are others, more or less known. However, it should be noted that with regard to legal bookmakers, ie those in possession of the ADM concession in Italy, an intermediary is currently required to apply the conversion from Bitcoin to euro. Paying sports betting directly from our Bitcoin wallet is only possible on unlicensed platforms for the time being. However, we believe that the legal market will soon adapt to the new needs of the present. Actually, presenting itself as an e-wallet, it does not differ much from other forms of payment that we have already seen in these pages and that are routinely used for online sports betting. In the three boxes that follow we have summarized the possible alternatives available.