When it comes to using bitcoin to pay for online services, products or to gamble, having a bitcoin wallet is an essential part of the deal. There are dozens of different bitcoin wallets to choose from, many of which claim that they're the perfect choice regardless of circumstances. This isn't true. In fact, choosing a bitcoin wallet for gambling has to be done with care, in order to ensure that your coins remain safe, your account stays open and you do not need to deal with anonymity issues.
- Best Bitcoin Wallet For Sports Betting Odds
- Best Bitcoin Wallet For Sports Betting Reddit
- Best Bitcoin Wallet For Sports Betting
- Thanks to its easy to use interface, Edige has quickly become one of the world's most popular bitcoin wallets for sports betting, poker and casino gaming. Download: iTunes App Store - Google Play.
- You should always send bitcoin to a ‘middleman' wallet in-between the sports betting site and the service you used to purchase bitcoin in the first place. Places where you purchase bitcoin from (Cash.App and Coinbase) will close your account if you send bitcoin to a gambling site (they can tell where the bitcoin goes).
- Not sure what you mean by best bitcoin wallet for sports betting. Are you asking in terms of security? If you are using bitcoins to sports bet, then you'd have to transfer your coins to your address on the betting website. I have only used cloudbet and nitrogensports and found both of them to be reliable for the most part.
Betting on Sports with a Bitcoin Sportsbook When it comes down to the type of action you can bet on at Bitcoin sportsbooks, the good news is that you can still bet on all your favourite sports. Bitcoin sportsbooks operate in much the same way as standard online sportsbooks, so it's highly likely that any sports you currently enjoy betting on. Bitcoin sports betting allows players to wager on the results of various sports events like tennis, boxing, soccer, baseball, basketball, cricket, motor sports, rugby and many more. The BTC sportsbooks listed below have all been thoroughly tested by GamblingBitcoin.com. The following are the best Bitcoin sportsbooks we've come across yet!
There are two main types of wallets that people can use. The first category consists of all wallets where you have direct and absolute control over your digital currency assets, whereas the second type of wallet grants control of your coins to a third party.
Best Bitcoin Wallet For Sports Betting Odds
While both types have advantages and disadvantages, we recommend that gamblers choose wallets where they have custody and complete control over their coins. There are a couple of reasons for this.- Online wallets such as Coinbase and Circle are based in the United States, which means that they are fully regulated. In return, there is a high chance that your account will be closed if they detect that you have sent funds to gambling websites.
- Online gambling is a legal grey area in countries from all around the world, so it is often recommended that you pick a wallet which does not have a KYC/AML procedure. In return, this can allow you to gamble with significantly increased anonymity.
There are 4 main types of wallets - Mobile, Desktop, Web and Hardware Wallets. All of the wallets below are suitable for online gambling since you control your bitcoin and there is no third-party to censor your transactions. We've created a separate guide to the best hardware wallets that you should checkout.
1. MOBILE WALLETS (RECOMMENDED)
Mobile wallets offer a number of benefits over their competitors. Most mobile wallets have camera features, allowing you to scan QR codes. This makes it considerably easier to deposit and withdraw funds since you don't need waste time copying or writing down bitcoin addresses. Smartphone wallets are also much safer because the chances of having a virus or keylogger on your phone are considerably lower than on your computer.
BLOCKSTREAM GREEN - TOP RECOMMENDATION
Blockstream are one of the most innovative and trusted companies in the space. In our opinion their Blockstream Green wallet is the best on the market. It is available on both iOS and Android and since you control your own bitcoin with this wallet, it is perfectly safe to use it to transact with online gambling companies since your account can't be closed.
Besides the cool design, we love Blockstream Green because it offers advanced features you won't find in any other wallet but it is also super easy to use for beginners. Sending and receiving is very straightforward but optional features for power users like 2 Factor Authentication, multisig and integration with Trezor and Ledger hardware wallet made this wallet standout.
Download: iTunes App Store - Google Play
BRD WALLET (USED TO BE CALLED BREAD)
BRD wallet is the most popular bitcoin wallets for iPhone and Android. Firstly, unlike many other iPhone wallets, BRD is a standalone bitcoin client which means the company does not run on a server that can get hacked, or shut down. With BRD you connect directly with the bitcoin network so you are always free to access your funds and make transfers, without interference.
BRD is probably our favourit wallet for beginners because it is so easy to use. It supports both Bitcoin and Ethereum and there is no need to register. Simply download the wallet to your phone from the iTunes App Store or Google Play and you'll be asked to write down a 24 word seed phrase. Keep that safe so that if you ever lose your phone, you'll just need to reenter the seed phrase again to recover your funds.
BRD also allows you to Bitcoin or Ethereum from inside the app and pay via your bank or credit card company. You can setup a pin that unlocks via Face ID, Touch or PIN. BRD has over 2 million users and since your funds are not centrally controlled, it is perfect for online gambling.
Download: iTunes App Store - Google Play
EDGE (FORMERLY AirBitz)
Best Bitcoin Wallet For Sports Betting Reddit
Edge is another popular iPhone and Android bitcoin wallet that offers many of the benefits that BRD provides. These include automated & encrypted backups, a decentralized architecture, client side encryption and the wallet's regards to your anonymity and safety. Edge also offers users the possibility to purchase and sell bitcoin, but also to take advantage of discounts at partner shops. Thanks to its easy to use interface, Edige has quickly become one of the world's most popular bitcoin wallets for sports betting, poker and casino gaming.
Download: iTunes App Store - Google Play
MYCELIUM (ANDROID ONLY)
Mycelium wallet is the number 1 bitcoin wallets for Android. It offers users the ability to set up HD, BIT ID, Single Address, Hardware and Watch Only accounts, all from within the app. Mycelium has also integrated with numerous third-party service like Cashila, Coinapult, Trezor/Ledger and Glidera to offer users the possibility to buy/sell bitcoin, pay bills, use hardware security tools and even hedge against USD and other fiat currencies. Additionally, it also offers strong security features to help keep your bitcoin safe at all times, alongside with an easy to use interface, making it the best bitcoin wallet on Google Play at this moment.
Download: Google Play
2. DESKTOP WALLETS
While generally regarded as safe, and used by people to store larger amounts of bitcoin, desktop wallets can often be affected by malware if you do not carefully protect your computer. Use with caution.
Best Bitcoin Wallet For Sports Betting Odds
While both types have advantages and disadvantages, we recommend that gamblers choose wallets where they have custody and complete control over their coins. There are a couple of reasons for this.- Online wallets such as Coinbase and Circle are based in the United States, which means that they are fully regulated. In return, there is a high chance that your account will be closed if they detect that you have sent funds to gambling websites.
- Online gambling is a legal grey area in countries from all around the world, so it is often recommended that you pick a wallet which does not have a KYC/AML procedure. In return, this can allow you to gamble with significantly increased anonymity.
There are 4 main types of wallets - Mobile, Desktop, Web and Hardware Wallets. All of the wallets below are suitable for online gambling since you control your bitcoin and there is no third-party to censor your transactions. We've created a separate guide to the best hardware wallets that you should checkout.
1. MOBILE WALLETS (RECOMMENDED)
Mobile wallets offer a number of benefits over their competitors. Most mobile wallets have camera features, allowing you to scan QR codes. This makes it considerably easier to deposit and withdraw funds since you don't need waste time copying or writing down bitcoin addresses. Smartphone wallets are also much safer because the chances of having a virus or keylogger on your phone are considerably lower than on your computer.
BLOCKSTREAM GREEN - TOP RECOMMENDATION
Blockstream are one of the most innovative and trusted companies in the space. In our opinion their Blockstream Green wallet is the best on the market. It is available on both iOS and Android and since you control your own bitcoin with this wallet, it is perfectly safe to use it to transact with online gambling companies since your account can't be closed.
Besides the cool design, we love Blockstream Green because it offers advanced features you won't find in any other wallet but it is also super easy to use for beginners. Sending and receiving is very straightforward but optional features for power users like 2 Factor Authentication, multisig and integration with Trezor and Ledger hardware wallet made this wallet standout.
Download: iTunes App Store - Google Play
BRD WALLET (USED TO BE CALLED BREAD)
BRD wallet is the most popular bitcoin wallets for iPhone and Android. Firstly, unlike many other iPhone wallets, BRD is a standalone bitcoin client which means the company does not run on a server that can get hacked, or shut down. With BRD you connect directly with the bitcoin network so you are always free to access your funds and make transfers, without interference.
BRD is probably our favourit wallet for beginners because it is so easy to use. It supports both Bitcoin and Ethereum and there is no need to register. Simply download the wallet to your phone from the iTunes App Store or Google Play and you'll be asked to write down a 24 word seed phrase. Keep that safe so that if you ever lose your phone, you'll just need to reenter the seed phrase again to recover your funds.
BRD also allows you to Bitcoin or Ethereum from inside the app and pay via your bank or credit card company. You can setup a pin that unlocks via Face ID, Touch or PIN. BRD has over 2 million users and since your funds are not centrally controlled, it is perfect for online gambling.
Download: iTunes App Store - Google Play
EDGE (FORMERLY AirBitz)
Best Bitcoin Wallet For Sports Betting Reddit
Edge is another popular iPhone and Android bitcoin wallet that offers many of the benefits that BRD provides. These include automated & encrypted backups, a decentralized architecture, client side encryption and the wallet's regards to your anonymity and safety. Edge also offers users the possibility to purchase and sell bitcoin, but also to take advantage of discounts at partner shops. Thanks to its easy to use interface, Edige has quickly become one of the world's most popular bitcoin wallets for sports betting, poker and casino gaming.
Download: iTunes App Store - Google Play
MYCELIUM (ANDROID ONLY)
Mycelium wallet is the number 1 bitcoin wallets for Android. It offers users the ability to set up HD, BIT ID, Single Address, Hardware and Watch Only accounts, all from within the app. Mycelium has also integrated with numerous third-party service like Cashila, Coinapult, Trezor/Ledger and Glidera to offer users the possibility to buy/sell bitcoin, pay bills, use hardware security tools and even hedge against USD and other fiat currencies. Additionally, it also offers strong security features to help keep your bitcoin safe at all times, alongside with an easy to use interface, making it the best bitcoin wallet on Google Play at this moment.
Download: Google Play
2. DESKTOP WALLETS
While generally regarded as safe, and used by people to store larger amounts of bitcoin, desktop wallets can often be affected by malware if you do not carefully protect your computer. Use with caution.
ELECTRUM BITCOIN WALLET - FREE
Best Bitcoin Wallet For Sports Betting
Electrum is probably the most popular bitcoin wallet for desktops. Private keys are encrypted and you can even recover funds via a secret phrase. It offers key features, such as Instant On, No Lock-In, Proof Checking, Cold Storage, Multisig, Add-Ons, and No Downtimes etc.While it does not come with the easiest-to-use interface around, it has managed to become quite intuitive, especially for people who already have an understanding of bitcoin wallets and most of the features they offer.
3. WEB WALLETS
Web Wallets are also very popular because they can be accessed from personal computers, mobile phones, tablets and so on. They offer and 'internet banking' like service that most people are probably already familiar with.
BLOCKCHAIN.INFO - FREE (IMPORTANT: WE NO LONGER RECOMMEND THIS WALLET DUE TO THE COMPANIES TECHNICAL INCOMPETENCE.)
This is the most popular bitcoin wallets available on the market. Blockchain.info has proven popular due to its easy to use design, awesome features and security focus. In fact, at this moment in time, over 7 million people use the web wallet.
You can keep your account secure via advanced two factor authentication via SMS, Yubikey or Google Authenticator and key encryption. Some of its other main features include hierarchical deterministic address architecture, successful security audits carried out by world-class researchers, client side encryption, open source software, dedicated support, dynamic transaction fee adjustment, interoperability, login IP restriction, second password protection, support for more than 20 conversion rates and for over 25 languages.
