Sports betting can seem complicated on the outside, but with the right help, new bettors can have the chance to enjoy it. BetBTC is a betting exchange that has the right mix of easy interface and wide betting options that makes it a great place to start.
Launched in 2015, BetBTC uses proprietary software to act as a betting exchange for players the world over. The only restriction is that UK residents are not allowed to make bets or join the site.
There is a big difference between a normal sportsbook and a betting exchange. Instead of betting against the house and using its odds, betting exchanges allow players to make bets at their odds. People can bet against this bet or for it, but the exchange has nothing to do with it. The exchange just gets a commission from the winner. BetBTC’s small commission and robust API allow players to bet on a lot of games and be assured of a decent payout. Plus, it allows for live betting. The minimum bet required is 0.001 BTC or 0.01 dBTC, but there is no maximum bet amount. Moreover, the BetBTC Trading is another great feature that further sets this brand apart.
Software Features And Graphics
The site itself is great. It is easy to use and provides all the information a bettor needs to make and place bets. All thanks to its reliable proprietary software, BetBTC is able to provide an intuitive and more than decent platform for a Bitcoin sports betting exchange.
The feature that makes BetBTC into an excellent betting site is that it allows for both anonymous betting and account betting. All a player needs to do to start is to pick out the odds that they want and they can start playing.
For those who want to have an account, registering for one takes only a second. The site just asks for a username, a password, an acknowledgement that you’re not a UK resident, and an anti-spam measure.
Withdrawals And Deposit
BetBTC is a Bitcoin-only site and will require a Bitcoin wallet for you to bet on it. The deposit and withdrawal processes are integrated into the betting if you’re an anonymous bettor. When you make a bet, you will receive a wallet address and a QR code of where you will make your deposit. The bet is only verified after the amount is deposited. If the bet wins, the win is automatically debited to your account. A bettor with an account will have a bankroll from which the bets are subtracted and wins are added. This ensures a smooth and fast betting process for all involved.
The minimum amount you can deposit is 0.001 BTC while no maximum limits are needed. Through BitGo Instant, deposits of 0.001 BTC or lower will only take a minute to be processed. Otherwise, three network confirmations will take place for deposits higher than 0.01 BTC. When cashing out, though, prepare to pay 4% of the market’s gross winnings. However, losing bets and bet makers are charged with zero fees.
Bonuses And Promotions
The site offers no bonuses or promotions. This is mostly because as an exchange, it is not directly involved in the betting and acts only as a middleman. Players are betting against each other, so giving a bonus would be useless. But referring users proves to be an added bonus since BetBTC offers a referral program where affiliates can regularly receive a referral commission of 30% of winnings based on the referred user.
There is live chat support available, but it is intermittent. Players will see if someone is available to chat with them by checking out the chat window in the lower right of the page. If no one is available, then a bettor with a problem can send in a contact form that will be answered as quickly as possible.
Pros and Cons
Explore this Bitcoin gambling site’s best features that make it stand out on the market, and take note of the aspects that can still be improved to see how much this site matches your preferences.
- Accepts Bitcoin
- Clean interface
- Many betting options
- Anonymous betting
- No bonuses
- UK restriction
- No NFL betting options
- No altcoins accepted
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