For quite a while now depositing and
withdrawing form the US sportsbooks have been a pain, but it seems that
Bitcoin, the most popular virtual currency, will soon become the most
popular funding method at the online sportsbooks, as well, precisely
because of the ease to use it over the fiat currencies. Let’s be honest,
however, even through Bitcoin has existed for a long time (well, long in
“internet time” terms), it took quite a while for the online sportsbooks
and betting sites to warm up to the idea of using bitcoins instead of
dollars. But apparently the big honchos at the USA sportsbooks realized
that Bitcoin is not going away anytime soon, plus it offers a great
alternative to the usual funding methods, alleviating pressure for the
betting sites when it comes not only to deposits, but payouts, too.
One of the first to come to the Bitcoin party, Bookmaker
continues to prove they are the best USA sportsbook on the
internet. The betting site both take deposits and pays out in
bitcoins, the processing is near instant, although your first
Bitcoin withdrawal could potentially be send for a review by
their banking department, which could take up to one day to
clear. However, unlike most sportsbooks, Bookmaker will remove
your payout from your betting account balance immediately after
you request a withdrawal, so you won’t feel tempted to gamble it
away if you have to wait a few hours for approval.
What are the Bitcoin transaction limits at Bookmaker?
Rather generous indeed: a single BTC deposit is capped at
$25,000 and so is the payout amount. Keep in mind, however, that
if you’ve deposited using any other method but Bitcoin or P2P,
you will be limited to $3,000 BTC withdrawal per week.
Bovada was late to jump on the Bitcoin wagon, but have seen the
light and are now offering Bitcoin deposits and withdrawals, but
for now the BTC payouts are available only to those bettors who
have also deposited using Bitcoin. We have been assured that
they are working on enabling the bitcoin payouts to all
customers, although we expect that just like any other USA
sportsbook, they will have limits lower than those who have used
bitcoins to fund their betting account. What are Bovada’s
Bitcoin limits? For deposits customers are limited to $5,000
per transaction, while bitcoin payouts are capped at $9,500.
Note that if you deposit using Bitcoin, you will also have to
withdraw in bitcoins. Some people report that they received
their Bitcoin payout in a matter of minutes, while others had to
wait a couple of days before their BTC payout was completed. We
attribute this to that same tardiness to join the Bitcoin party
we mentioned earlier, but worst case scenario, if you can’t wait
a coupe of days to get your payout from a sportsbook that has
been solid payer for over 15 years – you shouldn’t be gambling
to begin with.
We are rounding our top 3 best Bitcoin sportsbooks, not
surprisingly, with 5Dimes. This US-friendly sportsbook was one
of the trailblazers of crypto currency use at the betting
websites and is also loved by many bettors worldwide. Not much
more to add about this highly rated sportsbook, so let’s get to
the nitty-gritty and see what are 5Dimes Bitcoin limits.
The max payout using bitcoins at this sportsbook is currently at
$25,000 and the maximum deposit using Bitcoin hits the ceiling
at $10,000. Transactions are near instant, although some bettors
claim that large amounts could take a while to be processed (a
day or so).
Today the betting forums and
websites are packed with guides on how to use bitcoins, wallets,
exchanges and the whole shebang, so we won’t spend time here discussing
how to buy and sell bitcoins, rather we would focus on the US
sportsbooks taking bitcoins deposits and paying out in bitcoins. Plus,
if you are looking for bitcoin sportsbooks, chances are you already have
some and are looking for online sportsbooks accepting Bitcoin funding.
In addition, keep in mind that while there are tons of online
sportsbooks accepting bitocins, even some betting sites that work with
bitcoins only, we don’t recommend you patronizing any others but the
best sportsbooks listed here. You’ve been warned!