BitcoinIf you are looking for the best Bitcoin betting sites, you’ve reached your destination. We did our best to provide you with the most important information about Bitcoin betting sites in Ireland. As there is no one who doesn’t know what Bitcoin is in 2021, the most important thing to know is that you’ll need to open a new wallet and make a deposit first.

You will be asked to provide some personal details and choose the type of wallet you require. All the information you need on choosing a wallet is available on the website. Once you’ve set up your wallet the next thing is to get some bitcoins through an online exchange site. Once you have them it’s just a matter of finding betting sites that all BTC betting.

The Best Bitcoin Betting Sites

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What’s Great About Bitcoin

There are some great advantages to choosing a Bitcoin betting site and these include:

  • Bitcoin doesn’t use any third parties to transfer funds from one account to the other so there are no third-party fees.
  • It is easy to use this e-wallet and it offers excellent security features to help keep your information safe and secure.
  • This payment method allows you to remain completely anonymous when using gambling sites. The only information you will have to provide bookmakers with is your email address.
  • There are no fees involved with bitcoin transfers.
  • Setting up an account is quick and hassle-free.

What’s Not So Great

As with all payment methods, there are some disadvantages.

  • Not all sportsbooks accept this payment method.
  • Once you choose to bet in Bitcoin you normally can’t change this so be sure it is the method you want to use.
  • The value of this cryptocurrency can fluctuate and increase or decrease over a short period of time.

How To Make A Deposit with Online Bookmakers

Bitcoin acceptedMaking a deposit with Bitcoin is easy and the first step is to find the right online sportsbook. From there you have to log into your betting account and visit the cashier section and choose Bitcoins as your currency.

You won’t need to enter any credit/debit card details. Instead, deposits are made using bitcoin addresses (a series of letters and numbers from 27 – 38 characters). You need your betting site’s address too. Then open your bitcoin wallet and click on “Send Money”. Fill in the amount, along with your address and the betting site’s address and click confirm. Deposits are instant and when you return to your sportsbook, your funds will be waiting.

Withdrawing Your winnings

Withdrawing your winnings is easy and the steps are laid out below.

  • Log into your sports betting account and go to the cashier section.
  • Choose withdrawal and fill in your bitcoin address and the amount you want to withdraw and then hit submit.
  • Wait for your money to be transferred.

Withdrawal times are super-fast and once you made your transfer, you will see it in as little as 10 – 15 minutes. It may not be fully confirmed for 1 to 3 hours. It is still one of the fastest withdrawal methods you can use, which makes Bitcoin betting sites the favourite ones to use for punters who own cryptocurrencies.

Bitcoin Betting Sites FAQ

  • Is Bitcoin a safe method to deposit at betting sites?

    Yes, providing you make sure your private key is secure and can’t be accessed by fraudsters. You can download a reputable app from the Google Play Store or Apple Store to safely use your Bitcoin at online betting sites.

  • Do all Irish bookmakers accept Bitcoin?

    No, very few Irish online bookies accept Bitcoin as a payment method. But the number of betting sites that accept Bitcoin to complete payment transactions are increasing due to the soaring use and popularity of the crypto-currency.

  • How do I withdraw from Bitcoin?

    You can withdraw from Bitcoin from your Cash App. Select the banking tab on your app, and click on ‘withdraw Bitcoin’ to choose the amount you wish to withdraw. You can confirm your transaction by scanning a QR code address or by entering your wallet password.

  • The Bitcoin account must be in my name?

    No, Bitcoin payments are different from e-wallet services and credit cards because your Bitcoin wallet will contain your private key and a public address.

  • Are there any fees for betting with Bitcoin?

    Yes, there are fees when you use Bitcoin as a payment method for betting online. They vary between 1% and 3%, and there’s usually no restriction on the amount of crypto-currency you can spend.