Bitcoin Betting Sites

12 March 2024
Last modified: 02 April 2024
Bitcoin Betting Sites

The modern world of online betting is constantly evolving and seeking ways to optimize the process. The fast pace of the world calls for the same speed for all transactions within the betting system. For that reason, Bitcoin, among other cryptocurrencies, is undoubtedly becoming one popular payment method. Let’s explore the mode in a more detailed review.

Uganda Betting Sites 

Uganda Betting Sites

The online punting experience in Uganda is growing in popularity due to the quality of the country’s licensed bookmakers. The complete list of reputable sportsbooks with valuable promotional deals can be seen below. You can fully benefit from lucrative promotions, secure transactions, and 24/7 customer support. Find out more about popular betting platforms in Uganda to get the most out of the experience.

Rank Bonus Info Action
1
No Risk Bet
  • Place a single pre-match or live bet on the featured matches and get a refund for losing wagers.
RECEIVE
2
Accumulator Refund
  • Place accumulators with seven or more selections (pre-match or live) to get a 100% refund.
RECEIVE
3
Accumulator Win
  • If 9 of 10 events in your accumulator win, you will receive a 9% bonus of the potential winnings.
RECEIVE
4
Bonus Points
  • Get points for placing bets and use them to credit your account.
RECEIVE
5
Multiple Bonus
  • Place multiple stakes on two or more selections with 1.2 odds or higher to increase the rates of bets.
RECEIVE
6
Multi Bonus
  • Place multiple wagers to receive boosted bonuses.
RECEIVE
7
Multibet Boost
  • Boost your winnings up to 600% on multiples.
RECEIVE

These bookmakers provide the most significant sports events, including local activities and famous worldwide championships.   

Best Bitcoin Sites

The quality of a sportsbook can be determined by the range of special features and modes of transactions it offers. Uganda’s top reputable platforms share convenience in deposit and payment methods, allowing modern online systems.

1xBet

1xBet is a reputable international online sportsbook and casino platform. The company’s extensive selection of sporting events and games increased its popularity. In general, users have commented on how easy it is to access the site’s sections and unlock any feature they want. Of course, the platform has developed a solid cryptocurrency exchange system.

  • The payment system includes over 35 options for payment with cryptocurrency.
  • The estimated transaction time is 15 minutes.
  • No service charge is requested for the procedure.

BetWinner

The site provides its users with numerous games, live sports, and casino slots. With more than a hundred deposit options, innumerable markets, user-friendly software, and betting options, BetWinner has it all. The platform also provides Bitcoin-regulated transactions.

  • Over 15 online payment systems are available, including Bitcoin. 
  • The site promises instant processing of the payment.
  • No service charge is necessary for the method.

MelBet

MelBet is an excellent replacement for the older platforms because of its extensive success across the African continent. The website is regarded as one of the best for live streaming, in-play betting, and various payment options.

  • A range of cryptocurrency providers are available, including Bitcoin.
  • No deposit or withdrawal limit is imposed by the site.
  • Instant processing is guaranteed by Bitcoin.

22Bet

The wide range of sports it offers, and the newest gambling services make this website a favorite among Ugandan gamblers. One of the most cutting-edge, secure, and safest gambling methods is now available on the website. For frequent clients, it also provides loyalty programs.

  • Over 35 crypto methods for all transactions.
  • Instant processing with Bitcoin transfer.
  • No service fee is requested by the system.

Bitcoin Advantages

Bitcoin Advantages

Bitcoin is a digital currency that has significantly grown in popularity due to its convenience and security. Many reputable bookmakers in Uganda have adapted to the mode to ensure quick and safe financial processes for their users. Many bettors prefer the tool for other purposes and ultimately combine all their finances into one system.

Pros and Cons

Pros and Cons

Due to the number of benefits it provides for both players and operators, Bitcoin has shown significant progress in the betting industry. Let’s take a look at both the pros and cons of the method to outline the optimal mode.

Pros

The list of advantages is evidently more extensive and includes several essential points.

Anonymous Transactions

Since users are identified by their cryptographic addresses rather than their personal information, Bitcoin transactions offer a certain level of privacy. This anonymity may appeal to those who would rather hide their identities when playing online slots.

Quick Deposit and Withdrawal

In comparison to conventional payment methods, Bitcoin transactions are processed swiftly. This information can also be found in each of the top bookmakers’ payment sections. An almost instantaneous ability to deposit and withdraw funds makes for a smoother gaming experience.

Various Markets

The system is applicable to all non-promotional wagering, leaving a significant variety of markets to choose from. 

Commission-free

There are usually no transaction fees associated with depositing or withdrawing money from bookmakers that take Bitcoin as payment. The lack of intermediary fees is partly attributed to the decentralized nature of Bitcoin transactions. 

Safety and Security

Advanced cryptographic techniques safeguard Bitcoin transactions, lowering the possibility of fraud or unauthorized access. This can give operators and players an extra degree of security.

Cons

Although there are a number of benefits to using Bitcoin for online betting, it’s crucial to be aware of any potential disadvantages or restrictions before placing a wager.

No Welcome Bonus

Most sportsbooks do not accept Bitcoin for depositing in the welcome bonus offer. Unfortunately, you will have to miss out on the promotion or use a different payment method.

Odds

Similar limitations apply to the odds selection in most bookmakers. Once again, you will have to pick an alternative payment mode or odd. 

How to Use

How to Use

From purchasing Bitcoin to funding a betting account, multiple steps are involved in using it for betting. Here’s how to use Bitcoin for betting, step-by-step:

Bitcoin Account

You need a digital wallet to use Bitcoin. For extra security, this wallet can be either hardware-based or software-based.

Buy Bitcoin with traditional currency or through peer-to-peer platforms from cryptocurrency exchanges. 

1
Visit the Bookmaker 
Once you have selected a reputable sportsbook, sign up for an account on the chosen betting site. Provide the required information and complete the verification process. Log in using your personal information.
2
Head to Deposit Section
Go to the deposit section and select Bitcoin as the deposit method.
3
Make a Deposit
The betting website will give a QR code or a Bitcoin deposit address. Transfer the desired amount to this address using your wallet.
4
Confirm the Deposit
Blockchain confirmation is usually required for Bitcoin transactions. Depending on network congestion, this process might require some time. The money will be credited to your betting account after confirmation.

Limits, Commissions, Duration of Withdrawal

The relevant information regarding terms and conditions can be found on the bookmaker’s official website. While specifics may vary, the general regulations are as follows:

  • Deposit does not require extra commission in most licensed betting sites.
  • Withdrawing funds may require minimal fees in case of a large sum. 
  • The maximum processing time during withdrawal is 15-20 minutes.

Final Words

Final Words

Bitcoin is currently a leading method in terms of instant payout and minimal security risk. Due to its anonymity and global outreach, the system has found its way to reputable betting sites in Uganda. Learn the basics of the method to grant yourself more unique opportunities and winnings in the gambling world.

FAQ

Is it legal to use cryptocurrency for sports betting?
The system is legal with licensed bookmakers.

What sports can I bet on with bitcoins?
There are minimal limitations when it comes to betting with Bitcoin. Make a minimal deposit and explore the full range of markets the sportsbook offers.

Do all bookmakers accept bitcoins?
Most popular and reliable bookmakers accept Bitcoin, but generally, there are a few exceptions to the rule. You can find the relevant information in the payment section of each site.
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