Bitcoin Sports Betting 2023 | How To Use BTC Sportsbooks
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Buy BTC With No Waiting At These Exchange Alternatives
There are several alternative ways to get your hands on Bitcoin if you’ve never purchased any crypto before. These are all methods we’ve used ourselves at various times, and we have found them to each be compelling and more or less snag free.
Zelle-To-Bitcoin
You can use Zelle to buy Bitcoin at a private P2P crypto exchange site. Zelle can only be used to buy BTC at this time, and the process takes around 3-4 hours on average.
Our Zelle sports betting page walks you through each step. Zelle Bitcoin sellers charge a small premium or Bitcoin markup compared to regular Bitcoin prices at the major exchange sites, and there is a bit of a hassle inherent in organizing private transactions in general. However, it’s a lot faster than the regular exchange route.
Cash App-To-Bitcoin
Cash App is the only P2P app that allows you to both buy Bitcoin and send it to off-platform receiving addresses. While you can purchase BTC with PayPal and Venmo, those P2P services do not allow you to send that Bitcoin anywhere else. This makes them useless for online crypto bet funding (unless you use them for USD deposits via the Bovada voucher or Bovada MatchPay services).
However, Cash App does let you send your BTC wherever you want, which means you can buy Bitcoin with Cash App and then sent that BTC to any legal online betting site you wish, with no multiday wait times. Cash App charges a small premium for Bitcoin purchases, usually in the 2% range.
Atomic Wallet Store
Atomic Wallet is the only “universal” mobile crypto wallet app for iPhone and Android that also features a built-in storefront and offers exchange functionality. However, it’s not the Atomic exchange we’re talking about here, but the actual crypto store the service offers. Atomic supports over 35+ different crypto coins in its store, including every single one accepted by the top online sportsbook sites (including Ripple XRP, which is currently only available via Atomic in the USA).
When you download the Atomic Wallet app and make a free account, you can quickly buy any online betting crypto you want with virtually no wait. The way Atomic is able to do this is explained at the link above, where we walk you through the entire process. While Atomic charges a 5% premium for all crypto buys, the tradeoff is more than worth it.
Coinify Crypto Service
Coinify, like Atomic, isn’t a crypto exchange but is instead a crypto store that allows you to purchase many of the most popular coins (including most of those used by the Bitcoin sportsbooks we recommend here). Coinify’s KYC account verification process takes just a few seconds, after which point your Bitcoin will be sent to you.
That said, it’s important to understand that Coinify is exclusively used to purchase crypto. The service has no online wallets and does not allow for trading your Bitcoin or other assets. Before you can buy Bitcoin at Coinify, you’ll need to download a Bitcoin software wallet (or set up any online Bitcoin wallet or BTC hardware wallet – see below). This is the only way Coinify is able to actually get your BTC into your hands.