Sportsbooks rake in billions of dollars annually, as millions of players show up to bet money on desired outcomes. Over the past couple of years, sportsbooks have become even more exciting, particularly for Americans, as Bitcoin has been adopted by many of the leading sportsbooks that still accept USA players.
Having bitcoin as a deposit option has solved a huge problem for US players who have to deal with constant credit card declines or cashing oversees checks when they collect a payout. Bitcoin solves all of these problems and is a God send for millions of avid bettors by offering players instant deposits and payouts, anonymity and a host of other benefits that make it a no brainer for any player living in the United States.
Nearly every reputable online sportsbook has started accepting Bitcoins as of 2017. The following sites are all leaders in the US sports betting industry and are considered the most reputable sites. Be smart and don’t play with some fly by night site just because they accept BTC. They will end up taking you for a ride and you will likely regret not playing with the big names in the industry such as the ones we recommend below.
What Is Bitcoin?
Bitcoin is a type of peer-to-peer digital currency that is operated wholly independently of banks and other regulatory authorities, and government has no say-so in how Bitcoins are distributed or valued, therefore government cannot do as they typically do by debasing and devaluing currency with excess bills in print, which inevitably leads to inflation and a failing currency.
Benefits Of Using Bitcoin For Your Sportsbook Deposits
Here are just a few of the many benefits Americans can experience by going with a Bitcoin sportsbook and using their BC wallet to fund their account. The genre of Bitcoin is so unique and innovative that there’s really nothing else like it on the planet. Never before has a digital currency been simply created via the Internet, and few people, if any, could have predicted that people would ever have a currency that was independent of all big-government and big-bank involvement. Some of the benefits of gambling with Bitcoin include:
• Deposits and withdrawals happen instantly. There’s no waiting around for approval; as soon as you allocate an amount to either put into the sportsbook or take out, you will receive these funds instantly.
• Works 100% of the time. Using CC methods are hit-or-miss for Americans, with those misses showing up a lot more lately. Bitcoin is guaranteed to work.
• Your winnings are likely to appreciate with Bitcoin.
• Handling Bitcoin is incredibly easy. All you need is a digital wallet, with a unique ID, and you can store as much currency as you want, and it’s all instantly accessible whenever you need it.
Best Bonuses When It Comes To Bitcoin Deposits
A lot of sportsbooks have started accepting Bitcoin as another payment method. Not only is it beneficial for you to use Bitcoin, but also for your sportsbook. Hence, numerous sportsbooks now offer Bitcoin-specific bonuses in order to incentivize the bettors so that they use the digital currency.
Moreover, majority of the times Bitcoin bonuses tend to come as reload bonuses and deposit bonuses. Regardless, Bitcoin bonuses are going to be in a higher percentage of a person’s deposit. Usually, this applies either when a person signs up or when they re-up.
Furthermore, when measuring Bitcoin bonuses, we observe the bigger picture. We evaluate the dollar amount, the rollover rates, and the types of bonuses when it comes to Bitcoin bonuses. We also take in the number of restrictions, if there are any, that are placed on the different types of sports bets a person can make with their Bitcoin.