Bitcoin, How to use it?

What is it and why use it?

The word Bitcoin may sound intimidating at first, seems like a new option and like every new product everyone is a bit careful whether to use it or not, the reality is Bitcoin has been around since 2009, and once you get the hang of using Bitcoin, you’ll find that it is much easier, much cheaper, and more reliable than any other deposit/withdrawal method offered around sportsbooks. Today, over 90% of our customers use Bitcoin for funding their accounts and for receiving withdrawals, and if they can do it, so can you!

Cons:

  • We cant name one

Pros:

  • Bitcoin wallets are quick and easy to set-up
  • Through Bitcoin transactions, you send money all around the world for pennys
  • Bitcoin is an anonymous payment method
  • Bitcoin is not controlled by a central authority or government
  • Totally legal and banks allow to use it
  • The fastest way to send and receive money
  • No paperwork involved to send or receive money

Think of Bitcoin as an Internet currency. Bitcoin is traded on Bitcoin exchanges just like US dollars or British pounds sterling or Mexican pesos are traded on the Forex currency exchanges around the world. You can buy and sell Bitcoin just like you can buy and sell other currencies.

In simple terms, you buy Bitcoin and send it to us. Then, we turn Bitcoin into your currency and fund your betting account. When you request a withdrawal, we send you Bitcoin and then you turn it into your currency that goes into your bank account or that you can withdraw as cash from a Bitcoin ATM near you.

Yes, it’s that simple! That’s why a majority of our customers use Bitcoin for deposits and withdrawals.

Have more questions about Bitcoin? Contact us through chat to speak with a customer service representative

How to make your First Bitcoin deposit if you don’t have a Bitcoin Wallet?

Depositing with Bitcoin is fast, easy and simple - just remember that the first time takes a little longer to get set-up. Once you’re set-up, the process is more streamlined. If you need any help, you can always contact us through chat to speak with a customer service representative.

You will open an account at a Bitcoin exchange, which is commonly referred to as your Bitcoin “wallet” - if you’ve ever used Paypal, it’s like funding your Paypal account in order to send and receive payments. Our recommended Bitcoin exchanges are listed below:

Our recommended Bitcoing Exchanges:

Coinbase.com
CEX.io
Coinmama.com
Coinchapter.com

Step 1: Open your Bitcoin “Wallet”

Sign-up and open an account with a Bitcoin exchange. A Bitcoin exchange allows you to buy and sell Bitcoin and to send and receive Bitcoin. You deposit funds into your Bitcoin exchange account in order to buy Bitcoin.

Most Bitcoin wallets will allow you to use a credit card or debit card to buy Bitcoin, or you can link your bank account(s) to your Bitcoin wallet in order to buy Bitcoin using your checking account. Credit/debit cards usually fund your Bitcoin wallet within minutes; funding your Bitcoin wallet with your bank account typically takes 2-3 business days.

Please note that deposit limits for your Bitcoin wallet start low and rise as you make more deposits into your Bitcoin wallet over time.

Step 2: Buy Bitcoin

In just a matter of minutes, you can purchase your own Bitcoin. It's easy, and you can use your debit or credit card to do it. All you have to do is:

  • Go through your menu or account settings until you come to Payment Methods. Choose that, and then choose Credit/Debit Card.
  • When told to, put in your billing info, card info, and how much you want to spend.
  • When they tell you to, upload your ID. Sometimes, you may have to take a pic on the spot. Give it a minute for the confirmation and verification email to arrive.
  • Here's where your Bitcoin wallet comes in to play. Type that address in.
  • Make sure your Bitcoin wallet shows your Bitcoin balance.

Step 3: Funding your betting account:

Once you have received your Bitcoin in your wallet, its time you fund your betting account:

1. Log in to your betting account

2. Open the cashier

3. Click on deposit

4. Choose Bitcoin as your deposit method

5. Enter the USD$ amount you wish to deposit

6. Select either a Bonus or “No Bonus” in order to continue

7.Click next to generate the Bitcoin address where you will send your Bitcoin

8. COPY the Bitcoin address*

*NOTE: We strongly recommend that you copy and paste the bitcoin address to avoid typing mistakes. Do not try to type the address by hand. Use the copy and paste feature provided just to the right of the bitcoin address. If you make a mistake with the address, it is possible to send the Bitcoin to the wrong person and once you send Bitcoin, it’s gone.

*IMPORTANT: Always go to the cashier in your betting account to get a new Bitcoin address when sending Bitcoin.

Once you have copied the address where you will send your Bitcoin, go back to your Bitcoin wallet and click on the link to send Bitcoin.

PASTE our Bitcoin address into the recipient address field. Make sure the amount you are sending matches what you put into our cashier.

Click send Bitcoin and complete the sending process.

Once you have sent the Bitcoin, it typically takes between 10-20 minutes until the funds are credited into your betting account.

Steps to get a Bitcoin Payout

  1. Choose the Cashier
  2. Choose Payout, and type in how much you want to take out
  3. Choose Bitcoin.
  4. Go to your wallet and generate a new Bitcoin address. Copy this into the clipboard.
  5. Paste that Bitcoin address in the Cashier.
  6. Choose Submit.

Congrats! You should get confirmation that the payout is on its way.