Bitcoin (BTC), is an encrypted digital currency that began to be used in 2009. The purpose of creating a digital currency was to have a currency that was not controlled by a central bank or any country like physical currencies are. Additionally, both Bitcoin payers and recipients are anonymous, which means that Bitcoin is a currency that you can use when you do not want anyone to see the transaction and the purchases that you make.
In order to use Bitcoin for betting, you need an electronic wallet that can handle Bitcoin. In this case, we recommend Neteller which is a global wallet that many gaming companies accept deposits from.
Below one can find a guide on how to go to bet on odds with BTC.
Neteller is an E-wallet owned by Paysafe Group. To register free account head to Neteller and you can begin buying Bitcoins with your account. If you verify your Neteller account (just as you verify an account with a gaming company), you can deposit on more than one betting site at the same time.
Once you have your Bitcoins on your Neteller account, you can go to one of the betting pages in this list that accepts Neteller. To transfer funds, click Deposit and select Neteller from the list of payment methods. During your first deposit, you need to enter your 12-digit account number or e-mail address you have registered with Neteller and your 6-digit security ID for Neteller and the amount you want to deposit. Click ‘“Make a deposit” and the amount will be credited directly and immediately to your account.
If you have used Neteller as the deposit method, you can withdraw using your Neteller e-wallet for a smooth transaction withdrawal usually takes place within 12 hours of requesting the withdrawal and the gaming companies do not apply any fees for Neteller payments.
The amount of credits credited to your Neteller account can be paid by bank transfer or in some countries deposited on a prepaid Mastercard card from Neteller (Net + Prepaid MasterCard). You can also purchase new Bitcoins with your Neteller account if you want to switch it back to BTC again.
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