Bitcoin betting websites are quickly rising in popularity! People around the world are realizing that betting and gambling while using bitcoin and other cryptocurrencies is a funner, faster way to earn VIP perks, bonuses, and enjoy myriad games.
But which sites are the most trustworthy?
It doesn’t matter how much you win if, at the end of the day, a shady site refuses to let you withdraw your winnings or worse.
So if you’re looking to get into betting with bitcoin, you’ll want to start with finding the right trustworthy bitcoin betting site for you.
Let’s dive in and, if you need more info, then check out a deeper list by the Cryptomaniaks.
The most trustworthy bitcoin betting sites must be provably fair.
What is provably fair?
“In a provably fair gambling system, … The service operator will publish a method for verifying each transaction in the game. This is usually by using open source algorithms for random seed generation, hashing, and for the random number generator. Once a game has been played, the player can use these algorithms to test the game’s response to his in-game decisions and evaluate the outcome by only using the published algorithms, the seeds, hashes, and the events which transpired during the game.”
In short, a provably fair bitcoin betting site will let you see the mathematical outcome in the game you played. You can check that the game was fair. This helps you trust the site because you can check the results yourself and see where the odds for each game stand.
Once you’ve determined that you’d like to try betting with Bitcoin, there’s a few things to look for before signing up.
- Do they accept players from your country?
Some bitcoin bettings sites only accept residents from certain countries. Make sure you’re on that list!
- Are they provably fair?
As mentioned above, any bitcoin betting site should show their players how fair they are. Check for that.
- Do they have a solid reputation and customer service?
A hallmark of a trustworthy bitcoin betting site is their reputation. This may be a problem for new sites that haven’t built up their reputation just yet — but for older sites you should certainly do a quick Google search regarding their reputation. Make sure their customer service is also speedy and effective just in case any problems come up.
7 Trustworthy Bitcoin Betting Websites
Here’s a short list of sites.
- Stake: Best for players from everywhere except the US and AUS
- Sportsbet.io: Best for players from EU and Asia
- 1xBit: Best for players worldwide (except UK and US)
- Betonline.AG: Worldwide
- Thunderpick: No one from US or UK — others are fine
- FortuneJack: EU and Asia and S. America only
- Betcoin: EU and Asia and S. America only
How do you get Bitcoin to pace bets with? Well, there are plenty of online exchanges out there which let you change your local fiat into crypto. Two of the bigger ones are Gemini and Coinbase. If you’re having trouble deciding which to use, read up on each of their pros and cons and see how they compare.
When you find an exchange you like then This is what you do:
- Buy BTC or another crypto.
- Sign up for a poker room that accepts crypto.
- Get your deposit address.
- Send however much BTC you’d like to use to that deposit address.
- Have fun!
There you have it. A short but impactful look at trustworthy bitcoin betting websites and how to use them: make sure your country is accepted, check that the site’s games are provably fair, buy BTC, deposit it, enjoy!