Bitcoin Sportsbook Deposits

Bitcoin Sportsbook Deposits
  • Very limited personal data is shared
  • New global currency is gaining respect
  • Free of government and bank restrictions

Bitcoin Sportsbook Deposit Methods

While the use of bitcoins is still somewhat limited in the business world, top ranked online casinos, racebooks, sportsbooks and poker rooms know a good thing when they see it as several of them are now accepting Bitcoin currency. Some of them, like the top rated BetOnline.ag sportsbook, are even advertising their acceptance of bitcoins right on their homepage. Below is a list of betting sites that are in the Bitcoin business and allow Canadians to fund their account with this virtual currency.

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Gaining an increasing level of acceptance as an alternative to paper money, despite being shrouded by it’s share of mysteries, the Bitcoin currency model has gained a strong foothold on global financial markets. As the most prominent form of virtual currency, bitcoins are used for electronic purchases and all transfers logged digitally. The Bitcoin system does not use paper notes or tokens and it is free of the reach of the standard banking and government regulators. That’s a good thing!

Bitcoin Canadian Sports Betting Payment Option

Although still a work in progress, as a common currency that’s used by common people, the growth of Bitcoin popularity continues at a steady pace. Whether one person or a group, Satoshi Nakamoto is credited as being the first to use Bitcoins when he sent a transfer to Harold Finney II who was a software developer with the PGP Corporation. That transfer took place in January 2009 and, following that historic exchange, the Bitcoin Market was then established in February 2010.

Funding a betting account with a Bitcoin digital wallet is very fast and secure. Simply click on any of the wagering websites listed above that accept bitcoins, enter the amount of your deposit – in the currency of your choice, and the cashier will convert the amount to the bitcoins required to cover the deposit. The cashier will give you an address for the transfer from your wallet to theirs. In most instances, bitcoin deposits are processed in moments and players are ready to get into the action.