Bookmakers who Accept Bitcoin

Payments and deposits for your online betting accounts are evolving all of the time, and now a whole host of bookmakers are now offering
the opportunity to use Bitcoin as a way of funding your account.

Not only can you use your standard credit and debit card to fund your betting account, and of course bank transfer, but now you can also fund an
account using an e-wallet, Western Union and very new to the bookmaking industry is the option to fund an account using crypto currencies.

As Bitcoin and other “Crypto” currencies gain pace in the financial world, you will see a lot more online betting providers offering this as an
option, this will actually bring more bitcoin holders online, and once crypto currencies are available to exchange punters, this will open up
endless opportunities and increased liquidity in the exchange betting markets.

There are many bookmakers that now provide the option to deposit and withdraw using Bitcoin as a currency option. Bitcoin is one of the most secure
crypto currencies on the planet, with hundreds of millions traded each day.

The first thing you have to do to start betting with bitcoin is to acquire some bitcoin. This is getting far easier to accomplish as bitcoin becomes
more common. Bitcoin exchanges such as Coinbase allow users to buy bitcoin using the local currency in their own country.

However, you need to be aware that these exchange sites do not allow bitcoin owners to make any type of betting transaction on their networks.

You will need to use a second bitcoin account or as an alternative you can use a bitcoin ATM, which is similar to a regular banking cashpoint or
ATM machine, where a user can insert funds which are then exchanged for bitcoin. This allows you the person who bought the bitcoin, to do whatever
they please with it once it is purchased, as opposed to potential restrictions on transactions from bitcoin exchange sites.

One thing you should check when using Bitcoin are the transaction fees. These can be high unless you are using a recognised crypto currency
exchange service.

At present the number of bookmakers accepting Bitcoin is limited to some offshore companies that are not licenced in the UK or one of the recognised
gambling jurisdictions, however, that does not stop you using Bitcoin to deposit into your favourite betting account.

To do this you will need to set up an account with Neteller first. Once you have a Neteller account you can fund this with Bitcoin and then fund
your account with your favorite bookmaker.

You will need to check transaction fees as you are making a double transaction to fund your betting account. For more info on Bitcoin betting, make
sure to follow our blog where we give regular updates on all things sports betting.