In recent years, crypto-currencies have made their appearance in e-commerce and continue to make life easier for people. In modern sports betting, it is also possible to use these virtual currencies. This article focuses on bitcoin in particular.

Bitcoin is the safe bet for new bettors

It must be said that at the moment, the law is not yet clear enough about bitcoin, and in turn, about sports betting with bitcoin. No regulations yet exist on cryptocurrencies. It is therefore possible to use bitcoin in sports betting without any particular constraints or fears, if at least the proper provisions are made. This also means that the scam is not circumscribed and that one runs this risk all the time.

For a bit of history, you should know that bitcoin is relatively young, because it appeared on January 03, 2009. Its inventor is not known precisely. This void or lack of information explains the reluctance of some to trust this cryptocurrency. Bitcoin was first used to buy two pizzas. Even today, it is used very frequently in commerce.

Because of the scam risks that are not zero with cryptocurrency in general, you need to be careful enough when taking it for online sports betting. Several sites have already been recognized as reliable and several others as not recommended. Therefore, you should make sure beforehand that you get the bitcoins from the right place.

How to get bitcoin for sports betting

There is no standard procedure for purchasing bitcoins. However, there are some ways that are simpler and relatively more profitable than others. So as said, the first step is to verify the identity of the site you are interested in. If it is a reliable site, you can proceed to purchase your crypto currencies. The minimum amount required is 25 euros. You can pay by bank transfer or by credit card. With the first way of payment, you reduce the commissions.

After purchasing your bitcoins, you head to Coinbase for example , the world-renowned platform renowned in bitcoin exchange, a platform we recommend. You will need a personal account to proceed. Creating your Coinbase account only takes a few seconds.

Why bet in bitcoins?

Not everyone is yet convinced about the idea of using bitcoins for sports betting. Whatever the argument, as likely as it seems, you just need to make sure you turn to these few reliable bookmakers and allow this operation. Scams can happen at any time, certainly. You need to make sure that you don't fall for them.

Therefore, sports betting with bitcoins has no dangerous aspect a priori, but it requires vigilance. A mistake made in the process is difficult, if not impossible to correct. Among the bookmakers that allow you to bet with bitcoin, we can mention Vave for example. A problem that arises in addition in that very few bookmakers currently offer sports betting with BTC.

An important advantage of cryptocurrencies, and in this case bitcoin, in sports betting is speed. Transactions are instantaneous, so you don't have to wait up to 3 days to get your money (in the case of fiat currencies).