This guide features the best Bitcoin basketball betting sites in 2021.
All of these trustworthy sites make it possible to deposit and withdraw Bitcoin with ease.
This article looks at the following aspects of Bitcoin basketball betting sites:
The advantages of choosing them
How to find the best ones around
The top-rated exchange to use on BTC basketball betting platforms in 2021
Let’s dive in.
A mysterious collective who called themselves Satoshi Nakamoto launched Bitcoin in January 2009.
It is still the #1 digital asset by market cap, which was over $1 trillion at its peak.
Hailed by many as the future of money, Bitcoin ’s price has increased massively in the last few years.
As the best-known digital currency, basketball betting platforms welcome the use of Bitcoin .
You might find that using BTC on basketball betting sites has the following pros and cons.
Many basketball betting companies provide users with additional benefits for using BTC
History shows that BTC’s value can rise rapidly, so a big win today could be worth even more in a couple of weeks or days
The decentralized nature of BTC means your bank has no idea that you’re betting on basketball betting companies
Bitcoin is plagued by high transaction fees, which have grown over time
If you use a shady basketball betting website that steals your money, there is no chance of receiving a refund
The extreme volatility of Bitcoin means that the value of your winnings could decrease massively overnight
Curious about BTC basketball betting sites, but still looking for reasons to take action?
We’re sharing several reasons why they are worth your attention.
Fiat currencies are fast becoming yesterday’s news.
Inflation reduces their value every day.
Governments prefer these centralized currencies as they help them keep control over the financial system.
Banks decide if and when you can or can’t use them.
Fiat currencies are not the future.
Bitcoin is the new money in 2021.
You can exchange Bitcoin without intermediaries.
You don’t have to concern yourself with payment gateways.
You keep the traditional banking system out of the loop.
Once you use a convenient VPN, registering an account with a Bitcoin basketball betting site becomes easy.
You can now start using sites that generally don’t allow users from your country.
In any case, some end-to-end BTC basketball betting sites allow punters from almost every country in the world.
Disclaimer: We do not explicitly encourage any kind of illegal or unauthorized activity. There are risks involved in using basketball betting companies that would typically not accept users from your country, including (and not limited to) getting your accounts and funds frozen.
You might know that banks don’t appreciate online basketball betting websites.
Banks can cause problems for anyone who uses basketball betting sites. They have even turned down the mortgage applications of many individuals for that very reason.
This can happen even with moderate usage of basketball betting websites.
Here’s the thing about BTC basketball betting sites, you can use them without your bank ever finding out. Therefore, your activity remains a secret.
Indeed, you can enjoy complete privacy unless you feel like talking about your hobby.
When wagering on standard basketball betting sites with fiat currencies, you are wasting an investment opportunity.
With fiat currencies, you lose purchasing power every minute.
When using a basketball betting site that accepts Bitcoin, the amount of Bitcoin you hold will probably increase in value.
If you’re anything like us, you have had issues trying to deposit money on basketball betting sites.
One of us even got his bank account frozen for an entire month.
Why, you ask? Well, he made deposits with a credit card on basketball betting sites.
However, the UK added a new regulation in April 2020 without him realizing it.
He even received a warning from the bank and had to promise not to deposit on basketball betting websites anymore.
Bitcoin ensure that your bank never needs to get involved again.
Many online basketball betting websites accept Bitcoin . The trouble is, most of them offer fairly poor services.
Old-fashioned design, inefficient customer service, slow payouts, and much more.
The best BTC basketball betting sites, on the other hand, are designed for the modern user. Therefore, they adopt better technology and respect their audience.
This translates into better, more competitive, and safer BTC basketball betting sites overall, with better payments, more frequent promotions, higher-quality support, and more.
Financial regulations limit standard basketball betting websites. This is why they are so slow and inefficient.
That’s why, on these basketball betting sites, your deposit and withdrawal amounts are very limited, with slow transactions.
Although the best BTC basketball betting sites are regulated (by the Curacao Gaming Authority most of the time), they are subject to less financial regulation.
This means you could receive immediate payments and limits you can live with.
We have found a few top BTC basketball betting websites that have NO limits on deposits and withdrawals, and you get your money almost instantly. You never get this kind of service from a traditional basketball betting site.
Bear in mind that blockchains take a certain amount of time to process transactions, but it is still a fast process.
James Naismith invented Basketball in 1891.
It quickly gained international favor and is now played professionally in dozens of countries.
Following the lead of basketball betting sites that accept fiat, basketball betting sites with BTC let you enjoy the excitement of the game with tons of markets.
Whether you want to wager on the famous NBA markets or focus on the thriving European scene, Bitcoin basketball betting sites have something for you.
At its most basic level, this market involves picking the team you think will win the game.
Almost always, one team is deemed stronger than their opponents, and their price to win is shorter.
The famous ‘spread’ option involves giving the favored side a pre-determined handicap of points they must overcome.
If you think the underdog won’t win but could go close, or the favorite will win easily, you can take them to beat the spread.
For instance, if Team A is -8.5 on the spread, they are expected to win by at least nine points.
You can back the favored side to beat the spread or pick their opponent to win with a +8.5-point advantage.
If you make a bet on the unfancied team, you need them to lose by a maximum of eight points to earn Bitcoin .
If you think the game is a mismatch or is likely to be closer than expected, this market is ideal.
It gives you a variety of spread options at different odds to suit your risk profile.
The main market here involves determining the total number of points scored in the game.
Apart from the usual points spread, you can also select one of the alternative spreads.
You can also use these markets to decide how many points either team will score.
Rather than waiting for a game to finish, you can get some faster action by researching quarter or half markets.
For example, you can look into points scored in the second quarter or first half.
There are usually spread and team options within these markets too.
If you believe that a certain individual will shine, you might find markets relating to their performance.
You will probably find markets on superstars such as Kevin Durant if you look hard enough.
Not all exchanges allow their clients to transfer funds to/from BTC basketball betting sites.
They will keep your money and shut down your account if they catch you using them to deposit on BTC basketball betting websites.
And trust us, they can find out if they want to. But how?
The leading exchanges utilize sophisticated blockchain forensics software to identify relevant blockchain transactions.
And the software is very efficient, to the point that we already received notifications from a few exchanges.
So, what exchange should you use to deposit on BTC basketball betting sites?
For our money, Binance is the right option.
Not only is it the biggest exchange in the world; it has never had any policy against basketball betting sites that accept Bitcoin, ever.
As well as being the biggest, it is also the best exchange: it offers low fees, rapid withdrawals, excellent security, more currency pairs than other exchanges, and much more.
Set up an account on Binance, and you’ll discover that depositing funds and wagering on any reputable BTC basketball betting site is effortless.
Many users of sports markets now register with Bitcoin basketball betting sites and deposit BTC.
They know their activities remain hidden from the bank and everyone else!
Bitcoin basketball betting websites have grown to the stage where they match or even exceed what traditional basketball betting platforms offer regarding sports markets.
Apart from everyday events, you can view special markets for major events like the World Cup, the Olympic Games, and the Super Bowl.
Punters now understand that they receive better value for money on Bitcoin basketball betting website markets than almost anywhere else.
There are also plenty of other advantages, including:
Low transaction fees
Almost instant deposits and withdrawals
A wide range of BTC specific bonuses
An excellent level of security
Fast registration revealing little personal data
Ultimately, with Bitcoin basketball betting sites, you get the gaming experience you always wanted from other basketball betting platforms but could never get.
The electronic sports industry is now a billion-dollar sector that attracts an astonishingly large audience of over 450 million.
Tournaments take place virtually every day and involve elite gamers.
Such is the reputation of eSports that they will likely feature in the Olympic Games one day.
While traditional basketball betting websites earned money from eSports, it hasn’t taken long for BTC basketball betting sites to follow suit.
Perhaps you can gain an edge if you look into the top performing eSports stars before risking any cash.
There are plenty of important tournaments featuring games such as Overwatch, FIFA, and League of Legends.
Common markets on which you can stake Bitcoin include match outcome, over/under maps and handicap lines.
There’s no question that eSports are here to stay, and Bitcoin basketball betting sites continue to increase their exposure.
Here are some essential factors when looking for the best Bitcoin basketball betting company.
Don’t make the mistake of registering and adding money before finding out that you’re not allowed to do so in your country.
Legit BTC basketball betting websites will not allow you to register an account and deposit funds if you’re visiting the website from one of their restricted countries.
Unfortunately, this isn’t always the case. Some low-grade BTC basketball betting sites enable you to register and put money into your account, and all seems well until you enjoy some success and try to withdraw the money.
At this stage, such BTC basketball betting sites will ask for verification. But, of course, once you try to go through the process, you’ll find that you can’t use the site legally and lose all your money as your account is blocked.
That’s why you must make sure the BTC basketball betting sites you choose accept users from your country.
If you want to proceed with a basketball betting company that prohibits your country, focus on BTC basketball betting sites known for being honest.
Good Bitcoin basketball betting sites that act fairly and will likely return your funds if they catch you.
Stake is a fine example of such basketball betting site accepting Bitcoin.
There are several things to note when looking for a high-quality Bitcoin basketball betting site, including reputation.
You can benefit from rapid Bitcoin transactions with minimal fees because there’s no central authority red tape.
It is mainly a good thing, but one downside is that your Bitcoin transaction is final.
Without the “protection” of a central authority, you can forget about a refund if BTC basketball betting sites are dishonest.
Therefore, it is essential to pick Bitcoin basketball betting sites known for their legitimacy.
Our assessment of the best BTC basketball betting websites therefore includes a particular focus on their reputation.
To save yourself some time, have a look at our BTC basketball betting websites reviews to make sure you only bet on safe BTC basketball betting websites.
It is essential to find BTC basketball betting companies that help you manage your transactions, and we typically take the following factors into account in our ratings.
Not all basketball betting sites provide the same ways of depositing and withdrawing your funds.
Keep your options open by selecting a site that lets you deposit or withdraw in several ways.
The Bitcoin market doesn’t ‘pause,’ and top-ranked BTC basketball betting sites know this.
In this matter, speed is king. If an opportunity arises, you’ll want to get access to your Bitcoin quickly. For example, you might find something interesting on another Bitcoin basketball betting website.
While some basketball betting sites with Bitcoin process withdrawals immediately, others can take hours or even days.
The quicker the BTC basketball betting site processes your withdrawal, the better.
Traditional basketball betting sites have important restrictions in terms of payout.
Most of them can’t pay more than the equivalent of $10,000 per month.
Top Bitcoin basketball betting websites don’t have important restrictions.
Yet, there are BTC basketball betting sites that only allow you to withdraw small sums.
Why? Because they can’t afford to pay significant amounts of money in one go.
In contrast, the best BTC basketball betting sites let you withdraw as much as you want. Stake falls into this category.
Therefore, it is wise to use safe Bitcoin basketball betting sites with no withdrawal limits, especially if you bet big.
There is no question that end-to-end BTC basketball betting sites are very different from standard basketball betting websites. So let’s look at each option.
Once you put your money into standard basketball betting websites that happen to accept Bitcoin , you’ll find that it automatically becomes fiat.
The same will happen when you withdraw (if they offer Bitcoin as a withdrawal method); they will convert your fiat back into Bitcoin .
Not only do these transactions incur fees, but it also means you no longer hold Bitcoin while your funds are on the site.
If you strongly believe in Bitcoin , it makes no sense to convert them into fiat. Therefore, you should stick with end-to-end BTC basketball betting websites.
For one thing, you can deposit or withdraw using many different digital assets on such Bitcoin basketball betting sites.
They also make it possible for you to use Bitcoin directly.
With these Bitcoin basketball betting websites, you get the benefits of using Bitcoin , including:
The ability to deposit and withdraw large amounts
Of course, not all end-to-end BTC basketball betting sites offer all these benefits.
An end-to-end basketball betting site that accepts Bitcoin only has the potential to do it; there is no guarantee.
You’ll discover that only the top BTC basketball betting websites care enough about their customers to provide these advantages.
We divide these benefits into three parts.
Most BTC basketball betting sites offer welcome bonuses.
These offers often make it seem as if you’re getting a good deal.
Is there a catch? Yes.
These bonuses have heavy strings attached.
Many of them include wagering requirements (generally 30x to 60x your deposit) and have very restrictive terms.
Most of the time, it’s best to choose BTC basketball betting sites that offer great promotions and VIP perks as they are much more valuable than the welcome bonus for 99% of users.
In general, standard Bitcoin basketball betting sites provide poor-quality promotions.
Instead, they focus on bonuses because they know most people will never meet the requirements.
The best BTC basketball betting sites offer modern services, and as a result, offer a lot of great promotions.
These promotions not only keep the game fun, but they will also add a lot to your balance at the end of the month.
Good BTC basketball betting sites are aware of the need to provide VIP programs worthy of the name.
After all, it is a great way to keep you entertained.
However, too many companies don’t bother.
When done right, a VIP program can significantly boost the level of enjoyment.
That’s why we strongly recommend only the most legit BTC basketball betting sites with clear terms for their VIP program that offer generous rewards to their most loyal users.
Without a high-quality customer service team to contact, you’ll become frustrated if you have any problems.
This point is even more valid for beginners on BTC basketball betting sites.
When determining the best Bitcoin basketball betting sites in 2021, we tested and rated each site’s customer service quality so you don’t have to.
BTC basketball betting sites are legal most of the time; however, the exact answer depends on your country of residence.
It isn’t clear-cut because it depends on Bitcoin and basketball betting website law in each jurisdiction.
Although Bitcoin is legal or tolerated in most countries, regulators are generally more severe with basketball betting websites.
Yet, there are good BTC basketball betting sites that let you register even if it isn’t legal in your country.
If you have a VPN, your transactions are out of the glare of a centralized authority, which means regulators have their work cut out.
Yes, you can because of how Bitcoin addresses work. These are created privately by your wallet, and there is no other information that outlines where your Bitcoin are stored or any location you send them to.
As a result, you can maintain secrecy by using a new address every time you receive payment. Another tactic is to use several wallets, each one for a different reason.
It varies from a couple of minutes to an hour, depending on several factors, including the Bitcoin network.
There are numerous Blockchains involved in the transaction confirmation process, and they occasionally become overwhelmed.
You must pay an extra fee if you want to avoid having your transaction delayed by the Blockchain queue.
The withdrawal process goes through the same procedure as when you deposit. However, the majority of BTC basketball betting websites also have to authenticate the action manually.
The time it takes varies depending on the BTC basketball betting site. Some sites go through a long validation process which takes days. Others don’t complete this step and ensure your withdrawal happens as quickly as a deposit.