Bookmakers are an increasingly concrete reality among Brazilians, who have discovered a way to make sports, especially soccer, even more exciting and fun, and even profitable. Whether with the intention of trying their luck or just having fun, betting is already part of Brazilians’ everyday life.
To be a customer of a bookmaker, you first need to make a deposit, and there are many different ways to deposit in a bookmaker like Sportsbet.io, for example: bank draft, bank transfer, credit card, e-wallets, and many other ways. And then there is Bitcoin. But which bookmakers accept bitcoin? In this article we will explain everything you need to know in order to use this cryptocurrency when betting.
What is Bitcoin?
Bitcoin is a cryptocurrency, which means that it is a currency like any other, but completely virtual, there is no banknote, physical currency, or anything that represents it in the “real” world, it only exists in the virtual environment. Bitcoin has existed since 2009, and since then there has been a huge appreciation worldwide. Today, 1 Bitcoin is worth a little more than 205,000 reals! This value can change at any time, as Bitcoin, like any currency, appreciates and depreciates according to the financial market.
Among the advantages of using Bitcoin is the extreme ease of making transfers (pay or receive) in the virtual environment, and this means that your transfers in the bookmakers become much easier and safer than using conventional banks. In addition, your transfers are instantaneous, that is, if you deposit now, the balance will drop immediately so you can place your bets without having to wait hours or days for the balance to arrive.
How can I buy bitcoin?
If you don’t have bitcoin, you need to register on a secure platform intended for bitcoin purchase, I suggest coinbase.com, a secure site fully in Portuguese to help you with what you want.
Registering your account at Coinbase is very simple. It is a similar process to registering with Paypal or Neteller. You need to provide your name, home address, email address and cell phone number, after registration verify your account in the registration email and after that start buying bitcoin. You can securely log into your banking website to use your checking account or choose two micro-deposits to be made into your account before buying bitcoin. The first option is an immediate deposit, while micro-deposits can take 3 days.
Once you have done this, you are ready to buy bitcoins! For your security, Coinbase sends an SMS code to your cell phone. You will only be able to access your account if you enter the same number they sent you via SMS. After purchasing the coins, create your bitcoin wallet.
Need help getting bitcoins?
We suggest that you create a wallet on Blockchain, the world’s best-known site for this. Enter your e-mail address and create a password, and that’s it. Your wallet is now created. Click on “Start receiving bitcoins”. A unique 32-character code will appear next to a QR code. This is your wallet payment address. From Coinbase.com, you will send the bitcoin you purchased to this address.
You can transfer from Coinbase directly to a website, but it is important to use a wallet to maintain your privacy. The blockchain serves this purpose and is completely free.
How to deposit using bitcoin?
The easy part of the process of transferring bitcoin to sportsbooks is that the process is identical everywhere. You start by selecting bitcoin the same way you select other payment methods. On the house’s deposit page, choose bitcoin as your payment method and select the amount you want to deposit.
- After selecting bitcoin and the deposit amount, the house will provide your bitcoin address. What you have to do is select the address and copy it. Log into your blockchain wallet and complete the transaction by putting there the address the house provided.
- Follow the same process in reverse to request withdrawals, then send your bitcoin from your blockchain wallet to your coinbase account. From there you make your sales and provide your bank account details to get paid.
Best bookmakers that accept bitcoin
The bookmakers try to offer the deposit and withdrawal options to make it easier for the customers and attract the bettors to with these facilities. The house that accepts the transfer via Bitcoin takes an extra step to attract the consumers of this cryptocurrency. We will list below the five best bookmakers that accept Bitcoin as a form of deposit and withdrawal. You can find more of them on BBB.
Sportsbet.io, official sponsor of Watford, Southampton and Flamengo, as well as betting partner of Arsenal, is one of the bookmakers that most encourage the use of Bitcoin. To use Bitcoin, simply activate this currency in your wallet, as you can see in the image below. Then just request a deposit via Bitcoin. The ease is such that you even have a link to buy Bitcoin from the Sportsbet website, in case you do not yet have the amount you want.
Rivalo is one of the best bookmakers in the world, and stands out among the bookmakers in Brazil for the great site that offers and the welcome bonus, one of the largest among the competitors. You get 100% of the amount deposited up to R$777, and you can deposit via Bitcoin with ease.
Bodog is another serious and reliable site that accepts Bitcoin transfers. At Bodog you also get a welcome bonus of 100% of your first deposit up to R$200, and you even get a refund of R$50 on your first bet.
Betmotion is one of the best betting sites in Brazil, always with great promotions and bonuses for customers. The site accepts transfers by Bitcoins, so you can enjoy the welcome bonus of 100% up to R$200.
Bumbet is a little known bookmaker here in Brazil, but it was once the sponsor of Corinthians, and offers a site with a lot of quality, and a welcome bonus of 100% up to R$150.
FREQUENTLY ASKED QUESTIONS
Is betting with bitcoin reliable?
Yes, Bitcoin is extremely safe, fast and without bureaucracy. You deposit and withdraw instantly.
If I deposit in bitcoin can I withdraw in another currency?
On sites like Sportsbet.io you can convert your bitcoins into reals in your wallet in a very intuitive way to make your bets online.
Does bet365 accept bitcoin?
No, for now Bet365 does not accept Bitcoins.