How to Use Bitcoin to Deposit at the Sportsbook

People are becoming more and more knowledgeable about bitcoin. It wasn’t that long ago where people generally thought that you had to purchase at least one whole bitcoin to start with. They simply relegated themselves as having missed the opportunity to invest in and/or use BTC. Nothing could be further from the truth.

The fact is that BTC is traded all the way down to a fraction of a coin. These micro-units are called “Satoshis”. These are the smallest individual units of bitcoin. And you can get a lot of them for just 1 dollar, 3356 to be exact. There may come a day where 1 satoshi = 1 dollar.

For the purpose of this post, we are discussing bitcoin not as an investment vehicle, but as a money transfer tool. You can simply convert USD into BTC, send it to the sportsbook, where they credit your account in the dollar equivalent. Withdrawing is the same process but in reverse. The website where you convert USD into BTC is called an exchange and there are dozens of them online. A quick Google search will lead you to some of the more popular BTC exchanges.

The video below is produced by BetOnline.ag and gives a two minute primer on how deposits work with BTC.