How to buy Bitcoin for sports betting? While most online bitcoin casino sites allow you to test your games before making a real deposit, knowing how to buy bitcoin is an essential part of bitcoin gambling.
There are already hundreds of different sites offering comprehensive lists and reviews of the most popular bitcoin exchanges and brokers. If you want to know how to buy Bitcoin for sports betting, let us find out here.
How to buy Bitcoin for Sports Betting? Bitcoin Exchanges:
Exchanges are the most convenient ways to buy bitcoin, thanks to their intuitive user interfaces and fairly low commissions. An important tip when buying bitcoins on an exchange is to avoid sending money to the casino, sports betting site, or poker room directly from the BTC exchange wallet.
Services like Local Bitcoins are another easy way to buy the BTC for sports betting, poker, and casino games. It involves talking to real people who are buying or selling bitcoin in your area, negotiating a price, and then making the transfer.
While prices are often cheaper than you will find on an exchange, there is also a greater risk of scams. That is considering the fact that Local Bitcoins does not act as an intermediary for your transactions. There are also times when sellers ask to meet in person for more security, which can be inconvenient if you need to buy BTC regularly.
Lastly, Bitcoin, casino and poker sports betting enthusiasts can also use Bitcoin ATMs (also known as BTM’s). Average BTM fees are around 7%, making them the most expensive way to acquire Bitcoin.
They are generally safe, but traveling to your location can be a bit of a hassle. Some ATMs require users to scan their ID cards, making anonymity a problem.
There are also situations where the amount that can be awarded is limited, so while this method is a safe way to buy digital currency, it is not suitable for all online players.