How to Start Bitcoin Gambling: Your Ultimate Guide From VOdds

Bitcoin gambling has become very popular in the last few years, which involves using Bitcoin to place bets and engage in online gambling activities, offering a secure, and transparent experience through blockchain technology. In this article, we will explore the main benefits of crypto gambling, Bitcoin gambling sites, how you can start crypto betting along with VOdds, the bonuses and promotions you can get, and much more.

Bitcoin has been in circulation since 2009, but its use in online gambling is a more recent trend. In the past few years, the number of crypto gambling sites has grown rapidly, with new platforms launching regularly. Bitcoin casinos remain a discussed topic for a long time, as regulators have strict rules for that and the crypto market includes a lot of risks and benefits of allowing players to bet crypto online. As the industry is fast-moving, Bitcoin gambling must navigate changing regulations while the global gambling market adapts to the increasing influence of cryptocurrency betting.

Before you start your sports betting crypto journey, there are a lot of options for payments available to use for your online deposits and withdrawals. One of the most popular nowadays is the use of Bitcoin.

Online sports betting is one of the most profitable ways to get a piece of the action while relishing the thrill of potentially earning money. There are also various online casino games that can generate income.

Online sports betting crypto can save you money as traditional payment methods often involve fees and currency conversion charges, but Bitcoin transactions generally have lower fees, allowing you to maximize your betting funds.

As Bitcoin continues to gain acceptance, many online betting platforms now support it as a top payment option. On VOdds, you can enjoy betting on various sports, live casino, slots and games, as well as virtual sports using cryptocurrencies as a payment option, and claim a crypto welcome offer of up to 100% first deposit bonus.

What is Bitcoin Gambling?

Before we get to the main topic, let’s understand the basics. Bitcoin gambling or Bitcoin betting is the practice of using Bitcoin to place bets on various online gambling activities, including casino games, sports betting, poker, and lotteries. Unlike traditional gambling, which relies on fiat currencies like USD, EUR, RUB, best Bitcoin gambling sites use BTC as the primary depositing and withdrawing currency.

These platforms leverage blockchain technology to provide a decentralized, transparent, and secure betting experience. Players can deposit, stake, and withdraw funds in Bitcoin, enjoying benefits such as lower transaction fees, faster processing times, and enhanced privacy.

Bitcoin Gambling vs. Traditional Online Gambling

Gambling crypto differs from traditional online gambling in several key ways, primarily due to its decentralized nature and lack of intermediaries like banks and payment processors. Here’s how they compare:

• Anonymity: Bitcoin transactions don’t require personal data, offering 100% privacy compared to traditional casinos.
• Lower Transaction Fees: Without banks or third-party payment processors, Bitcoin gambling often comes with lower fees.
• Faster Transactions: Deposits and withdrawals with Bitcoin are typically processed much faster than traditional banking methods, which can take days.
• Global Accessibility: As a borderless currency, Bitcoin allows users worldwide to crypto gamble without concerns over exchange rates or international transfer restrictions.
• Provably Fair Gaming: Many BTC gambling sites use blockchain technology to offer provably fair games, allowing players to verify game fairness for greater transparency and trust.

The Future of Bitcoin Gambling

Those who think that cryptocurrency betting is just a trend, research and reports say that there is a huge blockchain technology growth awaiting us and the usage of crypto is continuing to expand. Due to the advantages crypto betting offers, many online casinos are integrating crypto payment methods into their gambling platform.

One of the key trends shaping the future of Bitcoin gambling is the rise of provably fair gaming, which allows users to verify the fairness of each bet using blockchain algorithms. This feature enhances transparency and builds trust between players and platforms. Additionally, the adoption of Lightning Network technology is expected to further reduce transaction times and fees, making Bitcoin gambling even more efficient.

Regulation remains a major factor influencing the industry’s future. As governments develop clearer frameworks for cryptocurrency gambling, more licensed and reputable Bitcoin casinos will emerge, ensuring safer and more reliable platforms for users. Meanwhile, advancements in smart contracts and decentralized gambling applications (dApps) could lead to fully automated, trustless betting systems, minimizing the need for intermediaries.

With the growing acceptance of Bitcoin as a mainstream financial asset and ongoing innovations in blockchain gaming, Bitcoin gambling is set to become an even more attractive and widely used option for players worldwide.

What is VOdds?

Here is one of the best Bitcoin gambling sites, which has much to offer to its players. At the core of VOdds is its focus on providing the best odds for its users, ensuring they have access to the most competitive prices available in the market. By partnering with top-tier bookmakers, like Singbet sportsbook, the platform acts as an odds aggregator, which means users can place bets across multiple Bitcoin bookmakers using a single wallet. This system eliminates the need for separate accounts, streamlining the betting experience.

VOdds stands as one of the premier Bitcoin sports betting platforms, offering an innovative and seamless betting experience for users across the globe. With a reputation built on reliability, competitive odds, and an extensive range of betting markets, VOdds has cemented itself as a preferred choice for both casual and professional bettors. Founded in 2016 and licensed in Curaçao, the platform has quickly grown into a well-known sportsbook aggregator, drawing bettors from regions such as Europe, Asia, and CIS countries, among others.

VOdds is unique in that it aggregates odds from a variety of top bookmakers, making it easier for users to compare and place bets without needing to sign up with multiple sportsbooks. With a variety of sports betting markets, including popular games like football, basketball, and tennis, as well as slots and casino games powered by Pragmatic Play, VOdds offers something for every type of bettor. VOdds is also distinguished by its Odds Scanner which gives players the unique ability to compare betting odds and make profitable stakes.

VOdds Crypto Bonuses and Promotions

VOdds gambling platform is also full of a lot of various bonuses and promotions on crypto bets and for those who want to enjoy online crypto gaming. These bonuses are dedicated for both new and existing players so you can always find something for yourself.

1. VODDS WELCOME BONUS of $250: You can get a welcome bonus for casino games including live casino, slot games, as well as virtual sports with the promo code CAS250N.
2. VODDS WELCOME BONUS SPORTS EVENTS of $250: Players that are joining VOdds for the first time can enjoy the welcome bonus for sports betting by simply using promo code SPR250T during registration and the first deposit for all sports events.
3. MONDAY TOP UP BONUS of $200: This is for existing clients, to deposit on slots and get a good Monday top up bonus with the SLOTDAY easy promo code. 
4. VSPORTS | REAL BONUS of $50: Another exciting bonus offering from VOdds is the virtual sports real bonus, where the player can bet for a total of $250 on Fantastic League Football and/or Penalty Shootout to get $50 Casino Bonus.
5. Share to Earn up to $200: VOdds has prepared for its players a unique platform to play with friends. You can earn by referring your friend and get a 10% commission for every referral up to $200.
6. VODDS ESPORTS WELCOME BONUS of $250: New players, this is for you, just enter promo code ESPRT250 when registering and making your first deposit for all esports events and get your esports welcome bonus.

Using Bitcoin on VOdds

After getting acquainted with VOdds, let’s now understand how you can register and start Bitcoin gambling on this platform. Placing wagers on Bitcoin betting sites works the same way as placing your bets using standard methods. Here’s how you can use Bitcoin when you bet on live casino with VOdds.

1. Create an Account

Betting on the VOdds platform using Bitcoin is also pretty easy, you just have to select “Bitcoin” as your preferred payment option upon registration and logging in. Don’t forget to include the promo code: CRB150 to get your crypto bonus.

After creating a VOdds account, you may now register to a Bitcoin wallet using a third-party application or link your existing Bitcoin wallet. This crypto wallet functions as your ‘bank account.’

2. Choose your Bitcoin wallet

There are proven and tested best crypto betting sites and mobile apps where you can open a Bitcoin wallet conveniently. To open an account, you simply need to choose the best option for you and fill out the registration form. 

On these sites, they usually have 24/7 Live chat or email customer support that can assist you with your concerns.

However, each crypto exchange has its advantages and disadvantages. We recommend that you research the best way to trade with crypto wallets. Check all the conditions and commissions of the cryptocurrency exchange that you wish to use to buy Bitcoin.

For example, one exchange may have lower fees for deposits and withdrawals than the other, while some have better interfaces than others. Once you make an online payment with a bank card and buy Bitcoin, there may be a commission and additional conversion costs. 

VOdds also supports USDT cryptocurrency to make deposits and withdrawals, and except for Bitcoin players can also make USDT transactions with trust.

Below is a list of trusted crypto wallets:

• Binance
• Huobi Global
• Blockchain
• MetaMask

Let’s take, for example, the Huobi cryptocurrency exchange. With a specific volume of transactions, this service does not require you to confirm your place of residence. Huobi also allows you to do a quick trade.

To sign up, simply fill out the form on the registration page of the crypto wallet of your choice and submit the requirements needed. Make sure to also read their terms and conditions so you won’t miss anything.

3. Login on VOdds

To start using Bitcoin as your mode of payment, log in on VOdds and you will automatically be redirected to “My Account” where you can select Bitcoin as your “Funding method” and directly make a deposit request.

You should fill out the form with your BTC wallet address, deposit sum, and promo code, and then click “Deposit” to fund your VOdds account and start betting on VOdds.

4. Send us a Message

After submitting your deposit request, send a message or email our support team. Make sure to send your Bitcoin transaction ID and have your transfer receipt and your Bitcoin wallet address ready for our customer support when they ask for proof of transaction.

When our support team has received and confirmed your payment, your deposit will automatically be converted to your chosen currency and immediately credited to your account. Please note that we use kraken.com as a basis for conversions from Bitcoin to EUR/GBP, USD, and RMB/CNY.

If you have an existing VOdds account and wish to change or add a payment method, you may also contact VOdds customer support.

Pretty easy, right? So what are you waiting for? Use Bitcoin on your VOdds account and access top sports for betting and casino games today!

Benefits and Risks of Cryptocurrency Gambling

Despite all the great things that BTC gambling can offer its players, let’s discover more about this somehow new type of casino gambling. Later we will discover the most important pros and cons that new and already experienced players should know while betting on VOdds bookmakers.

Advantages of Bitcoin Gambling

• Enhanced Privacy & Anonymity
  One of Bitcoin gambling’s biggest advantages is the privacy it offers. Unlike traditional gambling sites that require personal details, Bitcoin transactions don’t need identity verification, allowing users to Bitcoin bet discreetly. This makes it an attractive option for those who prioritize anonymity. So you can easily bet on direct sportsbook with Bitcoin completely anonymously.
• Lower Transaction Fees
  Traditional payment methods often come with high processing fees due to banks and third-party payment providers. Bitcoin gambling eliminates these intermediaries, significantly reducing transaction costs. This allows players to maximize their deposits and withdrawals without unnecessary fees.
• Faster Deposits & Withdrawals
  Bitcoin transactions are much quicker than traditional banking methods. While credit card or bank withdrawals can take days, Bitcoin deposits and withdrawals are typically processed within minutes. This means users can start betting on one of VOdds providers, like PS3838 sportsbook, and cash out their winnings almost instantly.
• Global Accessibility
  Bitcoin is a decentralized digital currency, making it accessible to players worldwide. Unlike fiat currencies, Bitcoin doesn’t require currency exchanges or international transfer approvals. Even in regions where traditional gambling options are restricted, Bitcoin gambling provides a way to participate.
• Provably Fair Gaming
  Some Bitcoin gambling platforms offer provably fair gaming, a unique blockchain-based feature that allows players to verify the fairness of game outcomes. This ensures transparency and eliminates concerns about game manipulation, providing a more trustworthy gambling experience.

Disadvantages of Bitcoin Gambling

• Bitcoin Price Volatility
  Bitcoin’s value is highly volatile, meaning the amount you deposit today could be worth significantly more—or less—tomorrow. This can affect the value of your winnings and introduce an added financial risk.
• Security Risks
  While blockchain technology is secure, Bitcoin gambling platforms and wallets can still be targeted by hackers. Players must use reputable platforms, enable two-factor authentication, and secure their wallets to protect their funds.
• Regulatory Uncertainty
  The legal status of Bitcoin gambling varies across different regions. Some countries embrace it, while others have strict restrictions or unclear regulations. Players should always check their local laws before participating in Bitcoin gambling to avoid legal issues.
• Limited Dispute Resolution
  Unlike regulated traditional casinos, some Bitcoin gambling sites operate with minimal oversight. If a dispute arises, users may have fewer options for resolution, as there may not be a regulatory body governing the platform’s operations.
• Gambling Addiction Risk
  The fast transactions, anonymity, and accessibility of Bitcoin gambling can increase the risk of addiction. Players should set limits, gamble responsibly, and seek help if needed to ensure a healthy gambling experience.

Bitcoin gambling offers exciting advantages, but it also comes with risks. Understanding both sides can help you make informed decisions and gamble responsibly. 

The Legal Status of Bitcoin Gambling

Some of you may be interested in the legal status of Bitcoin gambling, which varies widely depending on the country or region. Some countries fully take control over crypto gambling, while others impose strict restrictions or outright bans. The decentralized nature of Bitcoin makes it difficult to be stable in the market, as it often operates beyond traditional financial systems, making regulation more challenging for authorities.

The biggest hurdles in regulating Bitcoin gambling are its decentralized structure, which limits government oversight and control. Additionally, the anonymity provided by Bitcoin transactions makes it difficult to enforce AML and KYC regulations, raising concerns about non-legal activities. The lack of uniformity in cryptocurrency regulations across different jurisdictions further adds to the complexity, creating inconsistencies in how Bitcoin gambling is treated worldwide.

As Bitcoin and other cryptocurrencies continue to evolve, there is a list of the best crypto gambling sites to rely on. Note that legal frameworks surrounding them are constantly changing, adding another layer of uncertainty for both players and operators. While some governments are working toward clearer guidelines, others remain cautious, making the future of Bitcoin gambling regulation an ongoing and dynamic discussion.

Conclusion

Crypto gambling and especially Bitcoin gambling has completely given the second breath to the online betting industry, offering players a new and exciting way to bet. Whether you’re interested in crypto betting on sports, exploring crypto gambling sites, or looking for the best crypto casino UK, there are plenty of options available today. 

Many crypto betting sites UK now support cryptocurrency sports betting, allowing users to bet crypto on various events with minimal fees and instant transactions. The best crypto betting sites provide a wide range of games, from classic casino options to crypto sports betting, making them a popular choice for enthusiasts worldwide. With the rise of crypto bookmakers, cryptocurrency gambling continues to expand, offering exciting opportunities for those looking to crypto bet safely and efficiently.