✅ Additional anonymity: One of the reasons Bitcoin is so popular is that it’s virtually anonymous to use, meaning it may appeal if you prefer not to make large deposits and withdrawals with a credit or debit card.
✅ High level security: Bitcoin’s use of blockchain technology makes it extremely difficult to alter or hack transactions associated with networks that use it, offering extra reassurance that your money is safe.
✅ Quick processing times: Since Bitcoin transfers are entirely electronic, deposits and withdrawals using it are generally processed very quickly, and sometimes even immediately. The only thing slowing them down is a sportsbook’s verification processes.
✅ High deposit limits: Bitcoin remains an in-demand cryptocurrency, in part because more than 90% of the Bitcoin in existence has already been mined. Unsurprisingly, sportsbooks are eager to join the action and accrue some of the currency for themselves, meaning that those that offer Bitcoin tend to so with high deposit limits.
✅ Separate wallets: If you prefer to keep your gambling activity separate from other types of spending, you can use as Bitcoin as a dedicated wallet for sports betting. This also makes it easier to track exactly how much you’re depositing and withdrawing.