Last updated on June 23rd, 2022
Online sports betting is one of the most profitable ways to get a piece of action while relishing the thrill of potentially earning massive amounts of money.
Before you start your sports betting journey, there are a lot of options for payments available to use for your online deposits and withdrawals.
One of the most popular nowadays is the use of Bitcoin.
Are you new to sports betting? Check out our ultimate guide.
Using Bitcoin for Sports Betting
Placing wagers on betting sites using Bitcoin actually works the same way as placing your bets using standard methods. Here’s how you can use Bitcoin when you bet with VOdds.
Create an Account
Betting on the VOdds platform using Bitcoin is also pretty easy, you just have to select “Bitcoin” as your preferred payment option upon registration.
After creating a betting account, you may now create a Bitcoin wallet using a third-party application. This wallet can also function as your ‘bank account.’
Choose your Bitcoin wallet
There are proven and tested sites where you can open a Bitcoin wallet conveniently. To open an account, you simply need to fill out their registration forms. On these sites, they usually have 24/7 Live chat or email customer support that can assist you with your concerns.
However, each crypto exchange has its own advantages and disadvantages. We recommend that you research the best way to trade with crypto wallets. Check in advance all the conditions and commissions of the cryptocurrency exchange that you wish to use to buy Bitcoins.
For example, one exchange may have lower fees for deposits and withdrawals than the other, while some have better interfaces than others. Once you make an online payment with a bank card and buy Bitcoins, there may be a commission and additional conversion costs.
Below is a list of trusted sites:
Let’s take, for example, the Huobi cryptocurrency exchange. With a certain volume of transactions, this service does not require you to confirm your place of residence. Huobi also allows you to use a bank card for your transactions.
To sign up, simply fill out the form on their registration page. You can increase your withdrawal limit by filling out the appropriate form and attaching a scanned identification document to your application.
Login to VOdds
To start using Bitcoin as your mode of payment, sign in to VOdds, proceed to My Account then click on the Funding Method section.
There you will see the VOdds Bitcoin wallet address in a long string of letters, characters, and numbers which you will use when you make a deposit to fund your VOdds account. Follow our zero-fees funding method guide to see the step-by-step instructions.
Send a Message
Once you are done, send a message to our support team. Make sure you have your transfer receipt and your Bitcoin wallet address ready in case our customer support asks for proof of transaction.
When our team has received and confirmed your payment, your deposit will automatically be converted to your chosen currency and will immediately be credited to your account. Please note that we use kraken.com as a basis for conversions from Bitcoin to EUR/GBP, USD, and RMB.
If you have an existing VOdds account and wish to change or add a payment method, you may also contact VOdds customer support.