This article gives you an overview of the best Bitcoin formula 1 betting sites in 2021.
Each site has a solid reputation and lets you deposit, withdraw, and bet in BTC.
Our guide offers the following information on BTC formula 1 betting companies:
The advantages of choosing them
How to find the best ones around
The top-rated exchange to use on Bitcoin formula 1 betting websites in 2021
Let’s dive in.
A group of people calling themselves Satoshi Nakamoto created the Bitcoin network in January 2009.
It remains by far the most popular digital asset and currently comprises almost half the market.
Hailed by many as the future of money, BTC’s price has increased massively in the last few years.
As the best-known digital currency, formula 1 betting sites welcome the use of Bitcoin .
Before you try using BTC on formula 1 betting websites, here are some pros and cons to consider.
An increasing number of formula 1 betting platforms offer additional rewards to users who deposit with Bitcoin
Bitcoin ’s ability to gain value means a big win today could be worth even more in the future
You can bet without your bank or anyone else finding out
Bitcoin is plagued by high transaction fees, which have grown over time
If you use a shady formula 1 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 Bitcoin formula 1 betting companies, 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 is decreasing their value every single year.
Ultimately, governments keep the current fiat system because it suits their needs.
Banks have carte blanche to determine to whom you can send them.
Fiat currencies are not the future.
In 2021, Bitcoin represents the future.
You can exchange Bitcoin without intermediaries.
Which means no payment gateways are needed.
No use for credit cards or banks either.
All you need is a reliable VPN to register an account on Bitcoin formula 1 betting sites.
Doing so ensures you can even enjoy the action on Bitcoin formula 1 betting sites forbidden in your country.
Certain end-to-end BTC formula 1 betting sites will also let you bet even if you live somewhere where formula 1 betting websites are illegal.
Disclaimer: Please note that we do not recommend or encourage illegal activity in any form. You are placing your investment at risk if you use formula 1 betting sites that forbid users from your country. For instance, you could have your account frozen, which means you can’t access your money.
Banks are not really fans of formula 1 betting companies.
Banks can cause problems for anyone who uses formula 1 betting platforms. They have even turned down the mortgage applications of many individuals for that very reason.
It didn’t matter that their use of formula 1 betting websites was nothing more than casual.
Here’s the thing about formula 1 betting sites that accept Bitcoin, you can use them without your bank ever finding out. Therefore, your activity remains a secret.
As a bonus, no one else will find out either.
While you wager on a regular formula 1 betting platform with fiat currencies, you hold … fiat.
Fiat currencies are old-fashioned and inflationary.
Instead, set up an account on a Bitcoin formula 1 betting site, and there’s a good chance your Bitcoin balance will rise.
Have you ever struggled to deposit on formula 1 betting websites? We have.
One of our team couldn’t access their bank account for a month.
Why, you ask? Well, he made deposits with a credit card on formula 1 betting sites.
What he didn’t know was that the UK applied a new regulation in April 2020.
It turned out he could no longer make deposits on formula 1 betting sites. The bank even sent him an email warning him not to do it again.
Bitcoin ensure that your bank never needs to get involved again.
Most traditional online formula 1 betting websites that accept Bitcoin aren’t up to date.
These sites seem locked in a time warp with payouts taking days, poor customer service, and many other issues.
The best Bitcoin formula 1 betting platforms, on the other hand, are designed for the modern user. Therefore, they adopt better technology and respect their audience.
The result is a growing number of safer Bitcoin formula 1 betting sites that you can trust, which offer better customer support, faster payments, and promotions worth something.
Typically, formula 1 betting websites are slow because they have to do business within the banking system and its heavy regulations.
The result is that these formula 1 betting platforms have snail-like transactions, along with mediocre deposit and withdrawal amounts at best.
The best formula 1 betting sites that accept Bitcoin are mainly regulated by the Curacao Gaming Authority, which means a lower level of financial regulation.
The result is speedy payments along with high deposit and withdrawal limits.
We have found a few top Bitcoin formula 1 betting sites 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 formula 1 betting website.
That said, it takes time for different blockchains to process your transactions, so please take note of this.
If you like high-octane drama, not many sports can rival Formula 1.
With a top speed of over 210mph (336kph), F1 cars are the quickest regulated road racing vehicles.
With 20 drivers from 10 teams in each season’s championship, only elite drivers need apply.
If you love F1, there are plenty of markets for you to consider.
The good news is that BTC formula 1 betting companies offer similar markets to traditional formula 1 betting platforms and often provide better odds.
The Driver’s Championship is the biggest prize and is considered by many as the greatest achievement in motorsports.
The best-performing driver takes home the Driver’s Championship.
Realistically, you can cut the field pretty quickly by only looking at the main teams’ drivers.
Picking the winning team is the next most popular market.
As you can guess, it involves backing the F1 constructor that earns the most points.
With two drivers on each team, you have to decide which constructor has the most reliable cars.
Each race has multiple markets and lots of in-play options too.
Aside from placing BTC on the race winner, you can back a driver to earn Pole Position or win the fastest lap accolade.
There are also various Driver Specials, such as a specific individual leading at the end of any lap.
You can even make a bet on the first driver to retire or the first person to make a pit stop.
This market lets you predict the number of Grand Prix wins enjoyed by an individual or a team.
With this fascinating market, you can choose one driver or team to beat the other.
Do you think Alonso will beat Ocon, or McLaren will finish ahead of Ferrari?
Many exchanges have policies against Bitcoin formula 1 betting sites.
They will keep your money and shut down your account if they catch you using them to deposit on Bitcoin formula 1 betting companies.
Believe us; it is simple for them to get this information. Want to know how? Let’s find out.
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 is the best exchange for those who want to bet on BTC formula 1 betting sites?
In our view, Binance is the obvious answer.
Not only is it the biggest exchange in the world; it has never had any policy against BTC formula 1 betting sites, ever.
We believe it is the best exchange because of its high level of security and small fees. It also lets you withdraw quickly and offers a massive number of currency pairs.
Set up an account on Binance, and you’ll discover that depositing funds and betting on any reputable formula 1 betting site accepting BTC is effortless.
People who enjoy sports betting are moving towards Bitcoin formula 1 betting websites with greater frequency.
They realize that anonymity is one of the major benefits of using Bitcoin .
Bitcoin formula 1 betting websites provide as many sports markets as traditional formula 1 betting websites.
Aside from the usual hundreds of match and in-play markets, you can look long-term at big events such as the European Championship in soccer and golf’s Ryder Cup.
You’ll also find that Bitcoin formula 1 betting companies provide better odds for various markets than a standard formula 1 betting website.
If that isn’t enough, Bitcoin formula 1 betting sites also provide the following benefits:
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
Overall, Bitcoin formula 1 betting sites eliminate many problems that irritate seasoned bettors and provide a superior user experience than old-fashioned formula 1 betting websites.
The electronic sports industry is now a billion-dollar sector that attracts an astonishingly large audience of over 450 million.
Thousands of global tournaments take place annually, featuring many of the world’s best gamers.
Such is the reputation of eSports that they will likely feature in the Olympic Games one day.
While traditional formula 1 betting platforms earned money from eSports, it hasn’t taken long for Bitcoin formula 1 betting sites to follow suit.
Perhaps you can gain an edge if you look into the top performing eSports stars before risking any cash.
Games such as DOTA 2, StarCraft II, and PUBG are among the most popular for tournament purposes.
Bitcoin formula 1 betting sites tend to offer markets relating to total maps for certain games, not to mention handicap options.
Regardless of what you think of eSports, they aren’t going away, so it is best to embrace their presence on Bitcoin formula 1 betting sites.
Here’s what you should consider when selecting the best Bitcoin formula 1 betting site for your needs.
Punters are generally unaware of this aspect, even though this is the very first one you need to look at.
This isn’t an issue if you use legit Bitcoin formula 1 betting platforms because most of them won’t permit you to register, let alone add funds if you come from a country where its service is prohibited.
Sadly, some unreliable BTC formula 1 betting sites will not stop you from registering an account and betting but will block your account when you try to withdraw your gains.
Then these Bitcoin formula 1 betting websites decide to ask for account verification. To your horror, you’ll find that your account is suspended, and you have no access to your money.
Therefore, it is crucial only to use Bitcoin formula 1 betting sites that are legal in your country.
If you want to proceed with a formula 1 betting website that prohibits your country, focus on Bitcoin formula 1 betting sites known for being honest.
Focus on good BTC formula 1 betting sites that won’t keep your money if they discover that you’re wagering illegally.
Stake is a fine example of such Bitcoin formula 1 betting site.
This is another crucial aspect to take into account when selecting your Bitcoin formula 1 betting website.
BTC transactions are fast, cheap (most of the time), and there’s no central authority behind them.
However, there is no going back with Bitcoin transactions.
Since there’s no central authority involved, don’t expect to get your funds back if you get scammed.
These specifics of Bitcoin are the reason why the reputation of the BTC formula 1 betting sites you select is vital.
Our assessment of the best Bitcoin formula 1 betting sites therefore includes a particular focus on their reputation.
To save yourself some time, have a look at our Bitcoin formula 1 betting sites reviews to make sure you only bet on safe Bitcoin formula 1 betting platforms.
Yet another critical aspect of Bitcoin formula 1 betting sites is how they handle withdrawals and deposits, not to mention means of payment variety.
Some formula 1 betting sites offer more deposit and withdrawal methods than others.
Keep your options open by selecting a site that lets you deposit or withdraw in several ways.
The Bitcoin space moves fast, and so do Bitcoin formula 1 betting sites.
You may need your Bitcoin to trade them rapidly or participate in an event on another good Bitcoin formula 1 betting site.
While some BTC formula 1 betting companies process withdrawals immediately, others can take hours or even days.
The quicker the Bitcoin formula 1 betting site processes your withdrawal, the better.
Traditional formula 1 betting websites have important restrictions in terms of payout.
Most of them can’t pay more than the equivalent of $10,000 per month.
Such restrictions are a thing of the past when you use the top BTC formula 1 betting sites.
Nonetheless, not all Bitcoin formula 1 betting sites provide high withdrawal limits.
Do you want to know why? It is due to their lack of available cash.
The best Bitcoin formula 1 betting sites are different. Stake, for instance, has no cap on withdrawals.
For big-money punters, in particular, the key is to find safe BTC formula 1 betting websites with no limits on withdrawals.
There is a big difference between traditional formula 1 betting sites accepting Bitcoin and Bitcoin formula 1 betting sites (end-to-end).
Traditional formula 1 betting websites that accept Bitcoin will convert yours into fiat when you deposit.
You face the same issue when withdrawing, as your BTC becomes fiat once again. That is if you can even withdraw via BTC.
In the end, you have to pay fees for each transaction, and you’re stuck with fiat currency on the site rather than Bitcoin .
This is terrible news if you think Bitcoin ’s price will rise. Instead, using end-to-end BTC formula 1 betting sites is a better idea.
For one thing, you can deposit or withdraw using many different digital assets on such Bitcoin formula 1 betting websites.
You also get to use Bitcoin on the site, which is vital.
With these BTC formula 1 betting sites, you get the benefits of using Bitcoin , including:
Almost instant withdrawals
Fewer payment restrictions
Yet, it is a mistake to think that the above pros are guaranteed with 100% of end-to-end BTC formula 1 betting sites.
Being end-to-end BTC only means they can provide these benefits if they want to and put the effort.
However, only the top BTC formula 1 betting sites offer most of these benefits.
There are three aspects of ‘extras’ worth considering.
It is common for Bitcoin formula 1 betting sites to provide newcomers with bonuses to help them get started.
These bonuses can be pretty attractive; many of them offer to double your money or more.
However, you’ll usually find that these bonuses aren’t as good as you first thought.
These bonuses have heavy strings attached.
You might have to wager at least 30 times what you deposit before withdrawing any money, for example.
Therefore, you should focus on BTC formula 1 betting websites with valuable promotions and VIP programs. These benefits are usually far better than any welcome bonus.
Most traditional formula 1 betting sites accepting BTC are very stingy with their promotions.
They prefer to offer attractive bonuses, which have, in fact, a lot of strings attached to them.
On the other hand, the best Bitcoin formula 1 betting sites like to keep things fresh for punters, and unique promotions are part of this strategy.
Thanks to these promotions, you’ll probably get a lot more enjoyment from betting, and they’ll also help keep your balance topped up.
These days, all good Bitcoin formula 1 betting sites should offer strong VIP programs with clear benefits.
This is a great way to ensure you come back for more.
Still, many of them don’t.
This is a shame because a good VIP package can greatly add to the user experience.
As a result, we urge you to look for legit Bitcoin formula 1 betting sites with outstanding VIP rewards. The best sites will reward your loyalty.
If you have an issue with a payment or anything else, you want to rely on a well-trained customer service that speaks your language fluently.
Especially if you are new to formula 1 betting sites with BTC.
When determining the best BTC formula 1 betting sites in 2021, we tested and rated each site’s customer service quality so you don’t have to.
formula 1 betting sites accepting Bitcoin are allowed in most countries. However, you need to check your country’s rules to know for sure.
It isn’t clear-cut because it depends on BTC and formula 1 betting platform law in each jurisdiction.
Typically, there are greater restrictions surrounding formula 1 betting platforms than BTC in the majority of locations.
Even if your country doesn’t allow it, you could still find good Bitcoin formula 1 betting sites that let you bet.
Regulators find it hard these days because many punters use VPNs to keep their online activity a secret.
The anonymity of this means of payment rests on Bitcoin addresses (privately created by each user’s wallets) which are the only information used to define where Bitcoin are and where they are sent.
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.
For a truly secure wallet with two confirmations from the network, the transfer can take from five minutes to an hour, depending on the BTC network.
There are numerous Blockchains involved in the transaction confirmation process, and they occasionally become overwhelmed.
In this case, you have to include a higher fee when sending funds for the transaction to be confirmed faster and not stuck in the Blockchain queue.
Withdrawing Bitcoin is much the same as depositing them, but in most cases, BTC formula 1 betting sites also have to certify the task manually.
Some operators take up to a few days to validate your request, whereas other sites skip this validation step, making withdrawals as fast as deposits.