There isn’t a long handling time, no signing for a check when it comes in the mail, and no lull between making a deposit into a sportsbook and having funds available to wager. Whether starting an account or getting a payout, Bitcoin is to banking at sportsbooks, as Venmo is to a night out with friends. Sportsbooks love Bitcoin. They don’t have to deal with the restrictions and fees of credit cards for new players. Not to mention the time and hassle of delivery companies or wires. Because Bitcoin is the easiest banking option for sportsbooks to operate with, they often incentivize using cryptocurrencies to bettors. Frequently there are lucrative deposit bonuses, promotions, and benefits for using digital currency. Depositing limits and withdrawal maximums are often high or nonexistent.
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