• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit

How To Bet Online With Bitcoin

newsbtc by newsbtc
6 years ago
in Bitcoin
Reading Time: 2 mins read
Advertisement
Advertisement

Bitcoin has exploded in popularity over the last few years, with more and more people switching from traditional currency to crypto-currency. And with the value of bitcoin continuing to rise due to the increased demand, that trend should continue. Bitcoin has even made its way to the online betting industry, with casinos and sportsbooks adding it to their lists of accepted currencies. In order to get started betting with bitcoin, follow this guide and use a casino comparison site to fill in the blanks.

The first thing you have to do to start betting with bitcoin, is to acquire some bitcoin. This is getting easier and easier to accomplish as bitcoin becomes more common. Bitcoin exchanges such as Coinbase allow users to purchase bitcoin using whatever currency is prevalent in their country, but it is worth noting that these exchange sites forbid users from making gambling transactions on their networks, so you will have to use a second bitcoin wallet as a middle-man to mitigate this issue.

An alternative is to use a bitcoin ATM, which is similar to a regular banking machine, where a user can insert funds, which are exchanged for bitcoin. The positive to this approach is that it allows the person who bought the bitcoin to do whatever they please with it once it is purchased, as opposed to potential restrictions with bitcoin exchange sites.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Next, you have to select a bitcoin casino. To do this, you would be best served to make a list of all of the things you want in a casino and to run down that list one item at a time until you determine which site is able to check off most of the items on that list. A convenient way to go about accomplishing this task is to fire up a casino comparison site to see what each site is capable of in one convenient location.

Once you’ve determined which site is right for you, your final step is to create an account at the site of your choice and to deposit your bitcoin into it. This tends to be a simple process, but it cannot be stressed enough that you have to enter the correct bitcoin address when making your deposits and eventual withdrawals from online casinos. Bitcoin transactions cannot be reversed, and entering a wrong address isn’t something you can call customer service to reverse given bitcoin’s unregulated nature.

This is a lot like mailing a valuable gift to someone you know. You can have the best intentions in the world, but if you put the wrong mailing address on the package, and it goes to the wrong person, they aren’t likely to give it back if they find out it’s something valuable. Don’t let your bitcoin casino experience end before it has the chance to begin by falling into this trap.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

These easy steps are all that separate you from casino betting with bitcoin. If you follow them, you are sure to have a fun and easy experience at your favorite casino sites.

Tags: bitcoinBitcoin newscasinoNewsOnline
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
newsbtc

newsbtc

Related Posts

Bitcoin

Bitcoin (BTC) To Tap Into $30,000 Region Before A Slow Down, Here’s Why

3 hours ago
US To Sell 41,500 Bitcoin (BTC) In Four Batches, Crash Inevitable?

US To Sell 41,500 Bitcoin (BTC) In Four Batches, Crash Inevitable?

4 hours ago
Bitcoin

Bitcoin Bear Market Over? This Historic On-Chain Signal Suggests So

9 hours ago
Bitcoin

Bitcoin Investors Remain Greedy Despite Low Momentum, Why?

10 hours ago
Bitcoin

Bitcoin Investors On Edge As Whales Take Profits, Ending Price Rally

11 hours ago
Bitcoin and Ethereum Correlation

Bitcoin And Ethereum Correlation At A Staggering 97%, BTC Rally Incoming?

14 hours ago

Premium Partners

Play Finance

Trending Projects

  • 4 Best Upcoming ICO For 2023

    1 week ago
  • Crypto Investment for Long Term Growth in 2023

    1 week ago
  • 5 Cryptocurrency To Invest In 2023

    1 week ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
  • Ripple Not ‘Ripped Apart’ Amid Legal Battle With SEC...

    4 hours ago
  • Top 3 Altcoins For April 2023: Dogetti, Stacks &...

    4 hours ago
  • Top 9 ERC20 Tokens To Buy Now For Growth in 2023

    7 hours ago
  • Bitgert Backed Q-BRISE Set to Outshine Competitors with...

    9 hours ago
  • TMS Network (TMSN) Surges and Attracts Investors as Conflux...

    12 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.