Bitcoin is the new gold. As a digital currency, there is practically no industry that Bitcoin has not entered. In the online gambling industry also, Bitcoin is gradually becoming more popular. There are now many betting companies that allow users to deposit and/or withdraw with Bitcoin.Bet365 does not expressly accept Bitcoins as a form of payment. Bitcoin is not included in the list of options available for deposits. Also, Bet365 has not made mention of its plans regarding accepting Bitcoin as a form of payment. However, there are alternative methods that could be used to pay from your Bitcoin wallet into your Bet365 account. These methods will be explained in detail below.
What is Bet365?
Bet365 is a longstanding company in the online betting industry. They are renowned for their fairness and transparency. With millions of players across several countries, Bet365 is a household name in the world of sportsbooks and online casinos.
Placing a Bet on Bet365 with Bitcoins accept
On the Bet365 website, there is no allowance for paying in form of Bitcoins. Probably due to the risk of fraud or the policies of the company, no cryptocurrency is allowed for deposits.
On the brighter side, there are two different methods you can use to bet on Bet365 from the funds in your Bitcoin wallet. These two methods are:
• Transfer Method
• Virtual Wallet Method
• Transfer Method
This method implies converting your Bitcoin wallet to a local currency. Then, you can deposit the local currency in your Bet365 account.
- Check for the accepted currencies on the Bet365 website. This will help you decide on the currency you would be converting your Bitcoin to.
- After knowing the currency, you want to convert your digital currency to, you have to look for an exchange agency. There are several credible agencies you can find online. Generally, the commission may range from 1.5% to 6%.
- The next step is to send the desired amount of Bitcoin to the agency’s account or wallet. Then the agency will send the agreed local currency to your local account.
- After getting your money in local currency, you can now proceed to the Bet365 website. You can make your deposit and start betting.
• Virtual Wallet Method
The virtual wallet method is, by far, the most preferred method. It only attracts minimum fees. Also, there is no need for the involvement of a third party. From start to finish, all steps can be carried out easily.
To use the virtual method, you have to open a virtual wallet and deposit from it. The few easy steps are:
- Open a virtual wallet. Neteller is one of the most common virtual wallets because it is recognized by several gambling companies. Neteller is very versatile and it is acceptable by Bet365 also. However, you can use any other wallet supported by Bet365. After a few procedures, you would have your wallet set up.
- Fund your wallet. Neteller is encrypted so you have no worries about security. You should fund your wallet with Bitcoin.
- Then, you have to go back to your Bet365 account. Proceed to make a deposit, clicking on the Neteller option. You would be required to enter your pin and email address. Then you would be automatically verified. After verification, your deposit would reflect in your Bet365 account. Then you can start betting.
Advantages of Betting with Bitcoin
Regardless of the method, there are several benefits you get from using Bitcoin.
• Security: Generally, transactions carried out with Bitcoins are protected with water-tight security. Since there is no external involvement or regulation, you have full control over your Bitcoin transactions.
• Anonymous Operations: With Bitcoin, you don’t have to disclose your personal information before betting. Your bank details are kept private. Your bank account is independent of your Bitcoin wallet.
• Speed: While you may have to wait for several hours to process a withdrawal to your local bank account, it is done in a few minutes with Bitcoin.
Disadvantages of Betting with Bitcoin
There is almost no demerit of betting with Bitcoin. The only issue, however, is its fluctuation rate. The value of your money today may have been reduced by next week.
Conclusion
Betting with Bitcoin is the new norm. While using your virtual method is a better method, it may not be possible in your area. If Neteller does not function in your area, you may have to use the transfer method. Bet365 Accept Bitcoins
Frequently Asked Questions
• Is it safe to bet with Bitcoin?
As mentioned earlier, it is safe. Cryptocurrencies are generally secured tightly so the incidence of fraud is almost impossible.
• Can I bet with Bitcoin on mobile?
Yes, you can. As long as you have the betting app and virtual wallet on your phone, you can use any of the methods.
• Can I use another virtual wallet to deposit to my Bet365 account?
If Bet365 accepts any other virtual wallet in your area, you can go for it.
