As we have seen in many reviews, crypto is considered a very well-suited currency for online betting. Very fast deposit and withdrawal times, especially suitable for real-time betting, commission-free, and tax-free payments, and the ability to secure your financial and personal data are features that all players love.

Curacao and the Isle of Man were the first authorities to allow the use of crypto for online crypto gambling. In late 2016, the English Gambling Commission, one of the most regulated dealers in the world, equated cryptocurrencies with traditional payment methods such as credit cards and bank transfers, followed by the Spanish Directorate General. Opening up to the use of virtual currencies is also being studied by the Malta Gambling Authority. As one can see, regulators are beginning to actively work with cryptocurrency. We urge you not to be afraid of cryptocurrencies and dive into the world of crypto sport betting with CoinPlay. 

About Bitcoin betting Sites

Our experts have studied dozens of different platforms to give you all the information you need about paying with bitcoins on sports betting sites. The main idea of this work can be found below. 

Pros of Bitcoin Betting Sites

  • No license: the main advantage of BTC online casinos is the possibility of not being subject to a series of requirements regarding so-called KYC sites, i.e., regulated by the license. But no risk: safe non-KYC betting sites are now a reality in the online crypto gambling sector.
  • No document to submit: Another advantage is the protection of privacy and anonymity, which is becoming more and more important day by day online. Unregistered bookmakers are actually some of the most popular among online betting and gaming enthusiasts, and bookmakers in BTC fully meet this need.
  • Popular with European/American customers: casinos that accept bitcoins or any other crypto are among the most popular betting sites. 
  • No deposit limits: using a bitcoin casino means being able to enjoy all the benefits of bookmakers without any betting restrictions. Thus, each individual player decides whether to put a bet and, if so, how much. There are no restrictions, neither up nor down.

Cons of Bitcoin Betting Sites

  • No self-exclusion: BTC casinos use international licenses, which are also legal in many countries, but issued abroad. This means, for example, that there is no option for self-exclusion. You can easily create a new account and start playing again. So we should always remember to play responsibly and ultimately think about entertainment more than any profit.
  • It takes some time to make your first deposit: if you decide to make a deposit in Bitcoin or in another virtual currency such as Ethereum or Ripple, you must first perform some operations such as wallet creation or KYC on exchanges to buy some crypto. Creating your own wallet and buying bitcoins are important operations before you start playing.
  • English only (sometimes): although the use of bitcoins is becoming more and more common in all the countries around the world, the market sector is fully in English. This may mean that some sites do not have versions in any local language. 
  • Unable to request a refund: no refunds are possible. If you decide to create your own wallet and buy bitcoins, it will not be possible to get a refund by asking the site to view virtual coins converted into euros. In fact, this contradicts the directives of gaming platforms.

Why choose CoinPlay? It has a number of advantages that make them so interesting to players.

Advantage 1: Anonymity

One of the biggest advantages of bitcoin betting sites is that the account holder often remains completely anonymous. This is because such bitcoin gambling platforms as CoinPlay do not require you to reveal your identity. All you have to do is provide an e-mail address that customers can use to contact customer support. But even that is not mandatory for many bookmakers. In addition, it is quite easy to create an e-mail address just for this purpose.

You do not have to worry about keeping personal information or even providing proof of identity to verify the account. This leaves no trace that could expose you as a sports bettor, and the bitcoin betting company CoinPlay can never use your information against you or for questionable purposes.

Advantage 2: The account can (almost) never be blocked

The absolute anonymity that exists in many places means that bitcoin bookmakers such as CoinPlay are unlikely to be able to block your account. This is certainly interesting for dubious bettors, but honest betting fans also win. 

Advantage 3: Lightning-fast payouts

Because after placing a bet and announcing the result of the bet, the winnings go immediately to the player. Even with a large payout, there are usually no delays.

You don’t have to worry about exceeding your limit, which can lead to account blocking or unfair practices on the part of the bookmaker, who can withhold your high winnings until he has enough income again.

Advantage 4: Payments are fast, safe, and cheap

Because of the way bitcoins work, depositing and withdrawing funds from a bitcoin bookmaker is very fast and secure. The payment infrastructure is provided solely by the cryptosystem, which in turn allows you to make money transfers at virtually no additional cost.