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You will be able to bet Saturday's Argentina vs. Iceland 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
There will be lots of folks from Argentina wanting to bet this year's FIFA World Cup. Anyone who knows anything about Argentina knows just how difficult it is to send and receive money from this South American nation.
Ripio is one exchange that services Argentina - Generá órdenes de compra y venta de bitcoins en pesos argentinos al precio que elijas.
Unfortunately it is illegal to use bitcoin and other cryptocurrencies in Iceland.
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
