..

How Can I Bet Sports From Israel Using Bitcoin

Written by:
Payton
Published on:
Aug/30/2020

Many folks opt to place sports bets with sites licensed outside the country of Israel 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 Israel or another option is to trade locally. Bitcoin exchanges can be linked to one's bank account or credit card. 

Bitcoin exchanges available from Israel:

Bits of Gold - Bits of Gold is a Bitcoin broker in Israel. You can buy Bitcoin directly from the company with bank transfer, cash, or credit card. The fees for buying with Bits of Gold are higher than Bit2c, but it is easier to use for first-time buyers. They also operate a Bitcoin ATM in Tel Aviv which requires no identification and charges a 5% fee.

Kraken - One of the most established Bitcoin exchanges worldwide, Kraken features a very low 0.25% taker fee, falling to 0.1% with sufficient trading volume and features highly-rated for security and data protection.

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

MGM National Harbor Debuts “Casino Al Fresco”

MGM National Harbor Debuts “Casino Al Fresco”

Panoramic views of Northern Virginia married with the thrill of the next jackpot create a one-of-a-kind venue that can only be experienced at MGM National Harbor. Today, the integrated resort across the Potomac River from Washington, D.C. debuts an outdoor gaming terrace where guests can enjoy their favorite slot games in an unmatched setting.

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?

Plus Calvin Ayre talks Bitcoin SV and why it is the most valuable blockchain network.

The Bitcoin White Paper: Combining and Splitting Value and Privacy

The Bitcoin White Paper: Combining and Splitting Value and Privacy

Dr. Craig S. Wright and Ryan X. Charles continue the video discussions in a series exploring the Bitcoin White Paper line-by-line. The next section tackles the principles of combining and splitting value as well as looking at how privacy relates to Bitcoin.

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase is making its initial public offering of stock April 14 and this has helped push the price of Bitcoin up to near $64,000 as of Wednesday morning.

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

The Bitcoin Association and the BSV delegation was welcome by the Sudan government last week in an effort to implement blockchain technology and this week Arizona was well on its way to becoming the next US state to legalize sports betting with only the Governor's signature needed.

Syndicate