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Bitcoin Betting — Deposits Are Quick at BetOnline Sportsbook

Sportsbook bettors are always looking for a way to make deposits and execute withdrawals that is fast and offers a high level of safety and security.

BetOnline Sportsbook knows that very well, which is why they place a heavy emphasis on doing business through the digital currency of Bitcoin (BTC).

BetOnlineThis is a unique “cryptocurrency” indeed, in the sense that it operates not only as money but also as a protocol. And as a player, you can find a great deal of usefulness both ways.

These are transactions that are made on a peer-to-peer basis, with no reliance on a third party or a financial institution. As a result, you don’t have any banks nosing in one what you are doing. And you aren’t “geo-tracked” either.

So it has really become a “way to go” for sports betting and casino gambling enthusiasts.

There are a number of ways to acquire Bitcoin. You can open up an account at a regulated exchange and “trade” that way. You can do the “peer-to-peer” thing, executing transactions other individuals who are using Bitcoin.

You might also be able to find a Bitcoin ATM to buy the currency using cash. It won’t be an anonymous transaction, but it can be convenient, if you find one of them in your area (check out CoinATMradar.com to find locations). PayPal is now integrating with services like Coinbase. You can also use a number of other methods, including gift cards.

Regardless of the way you acquire BTC, you are going to need a “Bitcoin Wallet.” This is essentially where you store your Bitcoin and the vehicle through which you would conduct your transactions.

Getting one is very easy. You can go through the iPhone App Store or Google Play to download one into your smartphone. Or, you can type “Bitcoin wallets” into Google and find a number of different services of high quality.

Once you do all this, how do you make your transaction with BetOnline?

Well, again it’s relatively simple. You will go to the “Cashier” for methods of deposit and choose “Cryptocurrency.” From there you click “Bitcoin,” which will take you to the next screen. Just enter the amount you want to deposit, along with whatever promo code you may be using (more on that in a minute) and then click another button that says “Deposit Now.”

You’re going to see a long address that you will right-click and copy. That is the Bitcoin address at BetOnline where you are going to send the funds. Then you open your Bitcoin wallet and, well “Send Funds” to that address. Just “paste” it where they ask you to. This can also be used (if you are using a desktop) with a QR Code.

Once you have gone through this easy process, your account will be credited quickly, usually anywhere from 15 minutes to two hours.

And you need to know ahead of time that you are going to be rewarded. These good folks want your Bitcoin business, and to show you they are absolutely for real, they offer a 100% First-Time Crypto Bonus. That’s 100% on your first deposit when using a cryptocurrency (they also accept Bitcoin Cash, Ethereum, Dash and Litecoin).

For this bonus, you would use the promo code CRYPTO100.

They continue sweetening the pot as well.

On each subsequent (and qualifying) deposit using Bitcoin (or other cryptocurrencies, for that matter), you will receive a 35% Reload Bonus.

The promo code for this is CRYPTO35.

There is also a “BTC Deposit Leaderboard” which can bring you up to $5,000 in free chips for their Live Casino if you get to the top. That’s a nice perk, but you’ve got to earn it.

Requirements and restrictions on deposits using Bitcoin are very user-friendly. You must put at least $20 worth in and can deposit as much as $500,000 at once (if you’ve got that kind of “coin,” God bless you).

Withdrawals can be processed as quickly as an hour (that’s FAST), you can withdraw as much as $25,000 at one time ($20 minimum).

And there no transaction fees associated with these Bitcoin transactions.

Nobody makes it easier to get out there and play than BetOnline!

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