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How to Bet with Bitcoin

How to Bet with Bitcoin

Last updated on July 5th, 2022


Online sports betting is one of the most profitable ways to get a piece of action while relishing the thrill of potentially earning massive amounts of money.

 

Before you start your sports betting 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.

 

Are you new to sports betting?  Check out our ultimate guide.

 

Using Bitcoin for Sports Betting

 

Placing wagers on betting sites using Bitcoin actually works the same way as placing your bets using standard methods. Here’s how you can use Bitcoin when you bet with VOdds.

 

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

 

After creating a betting account, you may now create a Bitcoin wallet using a third-party application. This wallet can also function as your ‘bank account.’

 

 

Choose your Bitcoin wallet

 

There are proven and tested sites where you can open a Bitcoin wallet conveniently. To open an account, you simply need to fill out their registration forms. 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 own advantages and disadvantages. We recommend that you research the best way to trade with crypto wallets. Check in advance all the conditions and commissions of the cryptocurrency exchange that you wish to use to buy Bitcoins.

 

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 Bitcoins, there may be a commission and additional conversion costs. 

 

Below is a list of trusted sites:

Let’s take, for example, the Huobi cryptocurrency exchange. With a certain volume of transactions, this service does not require you to confirm your place of residence. Huobi also allows you to use a bank card for your transactions.

 

To sign up, simply fill out the form on their registration page. You can increase your withdrawal limit by filling out the appropriate form and attaching a scanned identification document to your application.

 

Login to VOdds

 

To start using Bitcoin as your mode of payment, sign in to VOdds, proceed to My Account then click on the Funding Method section. 

 

There you will see the VOdds Bitcoin wallet address in a long string of letters, characters, and numbers which you will use when you make a deposit to fund your VOdds account. Follow our zero-fees funding method guide to see the step-by-step instructions.

 

Send a Message

 

Once you are done, send a message to our support team. Make sure you have your transfer receipt and your Bitcoin wallet address ready in case our customer support asks for proof of transaction.

 

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

 

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

 

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MARCH MADNESS T&C

HOW TO JOIN

  1. Participants should have an active social media account. Social media platforms included in this program are as follows:
    1. Twitter
    2. Instagram
    3. VK
  2. To qualify, you must follow the mechanics required in ANY of these platforms:
    1. Twitter
      1. Participants must follow Vodds’ official Twitter account
      2. Like the tweet related to March Madness
      3. Quote retweet post with answer and hashtags #VOdds #marchmadness
    2. Instagram
      1. Participants must follow Vodds’ official Instagram account
      2. Like the post related to March Madness
      3. Share the post on story with answer and hashtags #VOdds #marchmadness
      4. Mention/Tag @vodds_official on your story
    3. VK
      1. Participants must follow Vodds’ official VK account
      2. Like the post related to March Madness
      3. Share the post on your profile with answer and hashtags #VOdds #marchmadness
  3. Other requirements:
    1. Shared posts (excluding stories) should not be deleted until the end of the campaign
    2. Social media accounts should be in public for post verification
  4. Winner selection
    1. Announcement of winners will be at 2 PM GMT+8
    2. There will be daily and grand prizes at the end of the campaign
    3. Daily winners will be draw randomly using https://wheelofnames.com/
    4. Participants can join as many times as they want but only 1 entry per day
    5. Entries accumulated during the campaign will be added and draw at the end of the campaign for the Grand Prize
    6. Confirmed winners will be contacted and will be requested to provide the ff.
      1. Full Name
      2. Email Address
      3. Mobile Number
      4. Country
      5. Payment Method (please see the list of available payment channels here)
  5. Prizes & Withdrawal guidelines
    1. 3 random winners will win 10 USD on daily games
    2. 3 random winners will win 50 USD on the final four stage
    3. A total of 200 USD will be awarded at the end of the campaign to the grand prize winner.
    4. Prizes will be added to your VOdds account and can be withdrawn after completing of the turnover requirements
  6. Other terms & conditions
    1. This offer is valid to new customers of VOdds and existing users who have not previously deposited and can be availed from the period of March 9 – April 5, 2022 only.
    2. You must have settled bets of up to 5X of the prize before your winnings and prizes become withdrawable.
    3. Prize will be converted to your VOdds account currency using xe.com rate.
    4. This offer only applies to bets placed via VOdds website. Bets that are placed using our API will not qualify for this offer.
    5. Bets placed on Positional Orders will not qualify.
    6. If the requirements for this offer have not been met within 30 days from your first deposit, the promotion will expire.
    7. All qualifying bets must be settled before the promotion’s expiry.
    8. If you cancel your bonus after you enter the promotion or before you complete the requirements, the offer shall be forfeited.
    9. This offer cannot be used in conjunction with any other offers. You can only have one active bonus at a time. VOdds reserves the right to limit the eligibility or cancel any offer to any customer.
    10. This offer is strictly limited to one per person, family, household address, email address, telephone number, same payment account number (e.g. SKRILL, NETELLER, etc), and shared computer (e.g. public library or workplace).
    11. In case of canceled, voided, rejected, or non-runner bets, stakes will be put back into the original wallets and wagering progress is reverted.
    12. If any terms of the offer are breached (or there is any evidence of multiple bets placed by a customer from any other promotional offer resulting in guaranteed customer profits regardless of the outcome), VOdds reserves the right to reclaim the bonus or void any bets funded by the promotion.
    13. These terms and conditions operate in conjunction with VOdds’ General Terms and Conditions.