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You will be able to bet Saturday's France vs. Australia World Cup matchup online using bitcoin and other cryptocurrencies but it is important to set up a bitcoin wallet in order to move funds to and from the online bookmaker/sportsbook and a bitcoin exchange operating in your country that converts bitcoin to your currency (USD, euro, pounds, etc...) and is tied to your banking account.
Bookmaker accepts most crypto-currencies
EXCHANGES
Coinbase - Available throughout Europe and the United States as well as other countries including France and Australia. Coinbase is easy to use and is considered the largest cryptocurrency exchange in the world. Residents of Australia can use Coinbase to purchase bitcoins with a credit card or debit card. The fees are 3.99% per purchase, and your bitcoins are delivered instantly.
ACX - The largest liquidity pool and orderbook of Bitcoin in Australia.
USING BITCOIN IN AUSTRALIA
You can buy bitcoin with AUD or other fiat currencies and use bank transfers or credit cards.
USING BITCOIN IN FRANCE
In France, SEPA transfers provide the cheapest options to buy bitcoins. There are a couple of exchanges on the market which lets its users top up the account using SEPA transfers. Verifiable identification is required for exchanges that operate in France.
HOW TO USE BITCOIN AND OTHER CRYPTOCURRENCIES FOR BETTING THE FIFA WORLD CUP
The online betting site will simply have you send them the special address/token obtained from the Bitcoin wallet or exchange.
You would select either SEND (to deposit funds) or RECEIVE (to withdraw funds).
Some exchanges allow customers to link directly with their bank accounts or PayPal. The Bitcoin can be converted into the currency of your choice then transferred into your account in as little as 24 hours.
You will want to verify all your information (including personal identification) with the exchange prior to sending and receiving funds. Typically they will suggest setting up an authenticator on your mobile device for added security.
- Aaron Goldstein, Gambling911.com
