How To Deposit And Withdraw Money From Bitcoin Sportsbook

Gambling 101

You’re ahead of the game if you’re already betting using Bitcoin at your favorite Sportsbook. If you’re unaware of this breakthrough, we’re here to inform you on the future of betting. As soon as new technology comes out, Sportsbooks are usually the first to get on board with it. Bitcoin is no different.

We’ll go through the major advantages of crypto and Bitcoin Sportsbooks. As well as how to deposit and withdraw money from a Bitcoin Sportsbook. So, let’s discuss each of them separately.

How to deposit money from Sportsbook with Bitcoin?

To deposit Bitcoins at a Sportsbook of a site like FortuneJack, simply follow these steps:

  • Start with login.
  • Click on “Deposit” or “Cashier”.
  • Use Bitcoin to deposit.
  • Enter the desired Bitcoin deposit amount (in USD).
  • Click “deposit”.
  • Bitcoin address, transaction ID and QR code will appear on the screen.
  • Paste it into your Bitcoin wallet.
  • Enter the USD or BTC amount (depending on your wallet). Make sure this number matches the one on your Sportsbook’s screen.
  • Your wallet client can require a high or low miner’s fee. Sending the higher one speeds up the process.
  • The price of Bitcoin can fluctuate between transmission and confirmation. If the price falls, you lose some of your stakes. However, if the price rises, you’ll have more credit.
  • Once your deposit is verified, your Sportsbook will notify you.
  • After receiving the confirmation email, refresh the website to start betting.
  • That’s about 4-6 minutes. The whole process most likely takes 40 minutes at most. If you run into any problems, we advise you to contact your Sportsbook’s customer support.

How to withdraw money from Sportsbook with Bitcoin?

For withdrawing Bitcoin from a Sportsbook, you need to follows almost the same steps as when depositing:

  • Select “cash-out” or “withdraw”.
  • Choose “Bitcoin”.
  • Input the amount you wish to withdraw.
  • Enter your Bitcoin address in the box.
  • Copy and paste your Sportsbook’s Bitcoin address.
  • Your Sportsbook will redirect you to a new page informing you of your Bitcoin withdrawal.
  • If the Bitcoin price changes, you may have to wait. You will lose money if the price falls. However, if it rises, you will obtain more Bitcoin.
  • Some Sportsbooks charge a flat rate for all payments. A withdrawal fee isn’t related to Bitcoin. Instead, the funds will go towards running a safe and secure e-commerce site.
  • Wait about 1–48 hours. It is the average time to withdraw and receive your Bitcoins.

What are the advantages of crypto and Bitcoin Sportsbook?

Bitcoin betting sites, like FortuneJack, allow you to be entirely anonymous while still maintaining high levels of security as well as rapid transaction times. The best part about Bitcoin sports betting is that it is cheaper than other methods. With crypto and Bitcoin Sportsbooks come more appealing bonuses on Bitcoin deposits, including first-time deposit and reload bonuses. Another significant benefit is that Bitcoin deposits are never turned down. No third party can reject your transactions, which are only subject to the Blockchain’s technology for approval.

Final remarks

As you can see, depositing or withdrawing from a Sportsbook is very simple. And doing it with Bitcoin gives you even more perks that will make your betting experience more enjoyable. So, go get your Bitcoins and start betting on your favorite Sportsbook.

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