ProTipster Betting News

How to Deposit with Cryptocurrency?

How to Deposit with Cryptocurrency?

Setting up a Wallet for Cryptocurrency

Before you get your bitcoins or other cryptocurrencies the first step you need to do is set up a wallet to store your bitcoin – you will need one, whatever your preferred method of purchase. There are many different types of crypto wallets: hard wallets, hosted wallets or non-custodial wallets. 

This could be an online wallet (either part of an exchange platform, or via an independent provider), a desktop wallet, a mobile wallet or an offline one. If you buy bitcoins for betting online wallet will be enough for you. Some of the most popular online wallets are Greenaddress, Exodus, Mycelium and Spectrocoin. These wallets are just for storing bitcoins. You can't buy any cryptocurrency from these sites. 

Below you can find some tips from WikiHow regarding the use of cryptocurrencies.

  • Try an online wallet if you have a small amount of cryptocurrency
  • Download software for more control over your crypto transactions
  • Use a mobile wallet for convenient, easy access to your cryptocurrency
  • Buy a hardware wallet to secure larger amounts of cryptocurrency
  • Hold cryptocurrency for long-term investment with a paper wallet

Now we can tell you how to buy and cashout your crypto assets.

Open an Account at an Exchange

Cryptocurrency exchanges are to buy and sell bitcoins. There are hundreds currently operating, with varying degrees of liquidity and security.

The largest bitcoin exchange in the world at the moment in terms of US$ volume is Bitfinex and it is mainly aimed at spot traders. Other high-volume exchanges are Coinbase, Bitstamp, and Poloniex.

With the clampdown on know-your-client (KYC) and anti-money-laundering (AML) regulation, many exchanges now require verified identification for account setup. This will usually include a photo of your official ID, and sometimes also a proof of address.
Most exchanges accept payment via bank transfer or credit card, and some are willing to work with Paypal transfers. 

Each exchange has a different procedure for both setup and transaction and should give you sufficient detail to be able to execute the purchase. 
Once the exchange has received payment, it will purchase the corresponding amount of bitcoin on your behalf, and deposit them in an automatically generated wallet on the exchange.  If you wish (recommended), you can then move the funds to your off-exchange wallet.

Depositing to Sportsbook

Now it's the last step. You need to choose a bookmaker for depositing with cryptocurrencies. The easiest one for register and depositing process is 1xBet. There are many different cryptocurrency options. So you will be free to choose which currency you will use. You just need to go to deposit panel and you should copy the address which you are getting from them. You will use this address in your wallet for transferring money. Depending on the network volume your money will be transferred in minutes or hours.

List of the Best Bookmakers with Crypto Payments 2021

#1

ProTipster Score

89

User Rating

4.27 from 2523 reviews 4.27 stars

#2

ProTipster Score

84

User Rating

4.30 from 324 reviews 4.30 stars

#3

ProTipster Score

81

User Rating

4.08 from 26 reviews 4.08 stars

Other News

Mental Health Awareness in the Workplace: Addressing the importance of promoting mental health awareness and support systems in the workplace

Mental Health Awareness in the Workplace: Addressing the importance of promoting mental health awareness and support systems in the workplace

News
How to Spot and Avoid Online Betting Scams

How to Spot and Avoid Online Betting Scams

News
Beginner’s Guide: Essential Tips for First-Time Melbourne Cup Bettors

Beginner’s Guide: Essential Tips for First-Time Melbourne Cup Bettors

News
Rugby World Cup 101: Everything You Need To Know For A Winning Bet

Rugby World Cup 101: Everything You Need To Know For A Winning Bet

News
Equestrian Sports Guide & Betting Tips

Equestrian Sports Guide & Betting Tips

News
4 of the Fastest-Growing Sports with Betting Markets

4 of the Fastest-Growing Sports with Betting Markets

News
6 Exciting Sports Worth Your Time On Crypto Sportsbooks

6 Exciting Sports Worth Your Time On Crypto Sportsbooks

News
What do NFL spreads mean in football betting?

What do NFL spreads mean in football betting?

News
Guide: Getting a Job in the Sports Betting Industry

Guide: Getting a Job in the Sports Betting Industry

News
How Big Is UK Online Gambling Industry?

How Big Is UK Online Gambling Industry?

News
Discover the best high RTP slots you can play

Discover the best high RTP slots you can play

News
Add Extra Value to Your Wagers with Suitable Banking Methods

Add Extra Value to Your Wagers with Suitable Banking Methods

News
Lucky punter received almost £3k after Dimitar Berbatov overruled a VAR decision

Lucky punter received almost £3k after Dimitar Berbatov overruled a VAR decision

News
What is Bet Builder? Bet Builder Tips and Advices

What is Bet Builder? Bet Builder Tips and Advices

Protipster Academy
How to Register a 1xbet Account from Bangladesh

How to Register a 1xbet Account from Bangladesh

News
DOTA 2 Betting Guide: Tips, Predictions and Odds

DOTA 2 Betting Guide: Tips, Predictions and Odds

Tournament Previews
How to Bet on eSports? eSports Betting Guide

How to Bet on eSports? eSports Betting Guide

News
The Ultimate Guide to CS:GO Betting Tips, Predictions, Odds, Tournaments and More

The Ultimate Guide to CS:GO Betting Tips, Predictions, Odds, Tournaments and More

Tournament Previews
How to get achievements on ProTipster?

How to get achievements on ProTipster?

ProTipster Help
VAR in the Premier League - An Interview with IFAB Secretary Lukas Brud

VAR in the Premier League - An Interview with IFAB Secretary Lukas Brud

News
How to bet on Serie A?

How to bet on Serie A?

Tournament Previews
Champions League Betting - Odds, Tipsters, Predictions

Champions League Betting - Odds, Tipsters, Predictions

Tournament Previews
French Ligue 1 Betting Odds

French Ligue 1 Betting Odds

Tournament Previews
How to bet on La Liga?

How to bet on La Liga?

Tournament Previews
How to bet on Bundesliga?

How to bet on Bundesliga?

Tournament Previews
How to bet on Premier League?

How to bet on Premier League?

Tournament Previews
English Premier League: VAR far from perfect

English Premier League: VAR far from perfect

News
BetWinner Promo Code: PROTIPSTER | €130 VIP BONUS

BetWinner Promo Code: PROTIPSTER | €130 VIP BONUS

Promotions
FC Barcelona adds 1xBet as a new Global Partner

FC Barcelona adds 1xBet as a new Global Partner

News
Get Free VIP GOLD Ecopayz Status

Get Free VIP GOLD Ecopayz Status

Promotions

Welcome to ProTipster. This site uses cookies, read our policy