..

How Can I Bet Sports From Australia Using Bitcoin

Written by:
Payton
Published on:
Aug/29/2020

Because Austalia is among the world's most restrictive markets in the world when it comes to online gambling, many folks opt to place sports bets with sites licensed outside the country using Bitcoin and other cryptocurrencies.  Bitcoin transactions take place in under a few hours and are even available during weekends, all with extremely low fees.

In order to do so you would first set up your Bitcoin/Bitcoin Cash Wallet.  Doing so on your mobile phone is fast and simple.  Be sure that all security protocols are followed (i.e. backups and secure code for wallet retrieval in case you should lose your phone)

Next, you will want to set up an account at a Bitcoin/Crypto exchange available from Australia or another option is to trade locally. Bitcoin exchanges can be linked to one's bank account or credit card. 

Bitcoin exchanges available from Australia:

CoinSpot - Free and instant deposits as well as a large selection of cryptos and live chat support.

CoinJar - Well established Bitcoin exchange that is supported on iOS and Android via an app, instant bank transfers with PayID / Osko / NPP.

eToro - Supports Bitcoin, Ethereum & 15 other coins and features high limits.

Once everything is set up you simply transfer money into the Bitcoin exchange and turn those funds into Bitcoin or other cryptocurrencies.  The amount will remain as the cash equivalent (minus or in addition to any fluctuations in cryptocurrency trading prices and any fees).  For example, US$200 would be converted into Bitcoin 0.017.  So if you have Bitcoin 0.017 in your sports betting account, in actuality you have US$200 available to bet with.

Remember: Always transfer funds to and from your sportsbook via the Bitcoin wallet.  Never do so directly through the exchange.  Only the wallet offers anonymity.

It should also be noted that, when joining an online sportsbook, some may restrict residents of your country.  Quite a few now offer a registration process through Bitcoin and other cryptocurrencies whereby you do not have to provide your location.  Some even allow for completely anonymous betting accounts with only an email (and/or text number) provided. 

- Payton O'Brien, Gambling911.com

Business/Financial News

CoinGeek Live Presents: Cashless Casinos: How Bitcoin Technology Offers A Better & Safer Gaming Experience

Live from studios in both New York and London experts from the iGaming industry gather to talk about the way forward for the casinos across the world. The conference will, naturally, be virtual but it is far more than just ‘Zoom-heads’ on a black background. This panel will not only offer interaction and questions form delegates but also be broadcast live from The Manhattan Studio (NYC) and Kennington Studios (London) from 10:15am EST on Friday, October 2nd. 

No Retail Crypto-Wide Bull Run Likely for Rest of 2020

No Retail Crypto-Wide Bull Run Likely for Rest of 2020

Joel Birch, co-founder of automated crypto investing platform Stacked, says crypto prices may still be weighed down by a difficult global economic atmosphere.  His remarks come as the Covid-19 pandemic continues its stranglehold across the globe with a second surge now occurring in Europe.

How Can I Bet Online From South Africa Using Bitcoin

How Can I Bet Online From South Africa Using Bitcoin

Many folks opt to gambling online with sites licensed outside the country of South Africa using Bitcoin and other cryptocurrencies.  Bitcoin transactions take place in under a few hours and are even available during weekends, all with extremely low fees.  It is important to stay clear of the so-called “Bitcoin Revolution South Africa”.

How Can I Bet Online From Holland Using Bitcoin

How Can I Bet Online From Holland Using Bitcoin

Many folks opt to gambling online with sites licensed outside the country of Holland using Bitcoin and other cryptocurrencies.  Bitcoin transactions take place in under a few hours and are even available during weekends, all with extremely low fees.

What is the Easiest Way to Buy Bitcoin Over the Internet?

What is the Easiest Way to Buy Bitcoin Over the Internet?

LocalBitcoins.com is an easy way to trade bitcoins person-to-person in an easy, fast, and secure way worldwide, most countries.

Syndicate