Contributing Soccer and US Sport Editor
Contributing Soccer and US Sport Editor
If you like sports and use Bitcoin, then you will definitely want to check out our shortlist of the best betting sites with Bitcoin in New Zealand. We can help you find the perfect online bookmaker with Bitcoin so that you can bet on sports and enjoy all of the benefits of using this revolutionary payment method.
By reading our guide to the best betting sites with Bitcoin in New Zealand, you’ll be well-placed to identify those bookmakers with Bitcoin who offer a safe, legal and fun way to fund your bets. Plus we’ll even point out some of the key reasons why using sports betting sites with Bitcoin might not be such a good idea.
Above all, we just want you to get the most out of your sports bets and there’s no way that we can do this without showing you the different ways that you can deposit money into a betting site in New Zealand. Plus we can also answer important questions like ‘What is 1×2 betting?’ and ‘How does cash out betting work?’. But for now, we’ll focus on showing you the best betting sites with Bitcoin in New Zealand.
If you’re looking for a good online bookmaker with Bitcoin, then you’ll be delighted with what you find in our list of the best betting sites with Bitcoin in New Zealand. All of these sports betting sites with Bitcoin will be happy to take deposits via the cryptocurrency, and you should also be able to make fast Bitcoin withdrawals too.
You may notice that our list of the best betting sites with Bitcoin in New Zealand doesn’t include some of the more famous bookmakers. This isn’t hugely surprising as Bitcoin is still relatively new, and there remains a fair amount of scepticism about the cryptocurrency among even the best betting sites in New Zealand.
But this doesn’t necessarily mean that you should go with a substandard online bookmaker with Bitcoin. Anybody who knows the answer to the question of ‘Is online gambling legal in New Zealand?’ will know how important it is to only go with fully licensed bookmakers. So we have made sure that all of our recommended bookmakers with Bitcoin have the necessary licensing.
All of which means that you should be able to find a good online bookmaker with Bitcoin for your sports bets. While you might not be able to use this cryptocurrency at the best online casino in New Zealand or even a betting exchange in New Zealand, that shouldn’t stop you from making decent winnings from your Bitcoin deposits.
Before you get started at the best betting sites with Bitcoin in New Zealand, it’s worth getting to know this cryptocurrency a little better. Bitcoin first came on the scene just over a decade ago, and it promised to give its users a brand new kind of currency.
This meant that you could make payments over the Bitcoin network to other users without any bank or financial institution acting as a middleman. As a result, there were grand claims about how Bitcoin would radically overhaul the way that we pay for goods online. While this hasn’t happened, this cryptocurrency can now be used as a way for paying for anything from sandwiches to making deposits at sports betting sites with Bitcoin.
You’ll have to actually buy Bitcoin with regular money, and then store your Bitcoin in a special wallet. From here you’ll be able to use Bitcoin to buy a range of goods and services online. Just be aware of the fact that Bitcoin’s price volatility means that it can sometimes be hard to predict exactly how much this cryptocurrency is worth from one day to the next.
It should be fairly simple to make payments to sports betting sites with Bitcoin, and the whole process should be fairly similar to making deposits with other online payment methods.
The first thing that you will need to do is to get a Bitcoin wallet. This will allow you to send and receive Bitcoins, and you’ll also be able to keep a track of each and every Bitcoin transaction you make here.
Next you just have to buy Bitcoins to have them added to your wallet balance. There are many sites that allow you to buy Bitcoin with either a credit card or a bank transfer. Once you have done this, you should be able to make your pick of bookmakers with Bitcoin to make your first deposit.
You’ll always have to create an account with the online bookmaker with Bitcoin to make a deposit. After you have registered and verified your bookmaker account, you can simply head to the cashier page, select the deposit option and then click on Bitcoin to make it your preferred payment method. Finally you should just enter in how much you wish to deposit, and then the funds should shortly arrive in your bookmaker account.
We should also note that it’s simple to make withdrawals from sports betting sites with Bitcoin. Most bookmakers prefer to pay withdrawals to the payment method used to make deposits so this should automatically be set up for you. However you could also just give the bookmaker your public address to receive your winnings.
There are many good reasons for picking sports betting sites with Bitcoin. So if you haven’t yet jumped on the Bitcoin bandwagon, here are three features that make using bookmakers with Bitcoin so much fun.
As an online bookmaker with Bitcoin won’t be having to go through a bank to accept your payments or withdrawals, it means that the whole process can be a lot faster than with other payment methods.
This opens things up to being able to make virtually instant deposits, and you should find that withdrawals can be nearly as fast with Bitcoin. Just remember that all good bookmakers will verify each transaction which might slow up the speed of your withdrawals a little.
While Bitcoin is unlike most other payment methods, you should still feel very confident about how your deposits are handled. This is because all of our recommended bookmakers feature fully encrypted sites and so all communication between your browser and the bookmaker site will stay in safe hands.
Plus you’ll automatically be able to keep track of all of your Bitcoin transactions so that you can provide evidence of your payments. Don’t forget that you can always check out the best guide to making bookmaker complaints New Zealand has to offer if anything goes wrong with your Bitcoin deposits.
If you don’t want a record of your sports betting showing up on your bank statement, then it could be a good idea to use Bitcoin to fund your sports bets. There are many reasons as to why you might want to do this, but it’s yet another reason as to why Bitcoin betting has proven to be so popular.
Whether you want to use Bitcoin to try the best tactic for no risk matched betting New Zealand has to offer, or just want to see how bookmakers make money from your bets, the cryptocurrency won’t let any financial institution keep a record of your bets on sport.
While betting with Bitcoin has its merits, it’s only fair that our online betting guide for New Zealand should point out a few disadvantages of using this payment method. So here’s a quick look at why using Bitcoin might not be the best option for betting on sport.
It’s all very well knowing how betting odds are calculated or even knowing the answer to the question of ‘What is Asian handicap betting?’, but if you decide to use Bitcoin, then you might find yourself with a limited selection of bookmakers who accept this payment method.
This ultimately could have a big impact on the kinds of sports betting odds and bonuses that you receive. Plus if you’re looking for an answer to the question of ‘Which bookmaker is best for beginners in New Zealand?’, it seems that a Bitcoin betting site might not be among the best options.
Nearly all welcome bonuses can only be claimed by making a qualifying deposit. You should know that some Bitcoin deposits won’t allow you to access the extra betting funds. As a result, if you are looking to get a good matched deposit bonus, then you’ll probably want to put down your opening deposit at a bookmaker’s site with a debit card or a credit card.
High minimum withdrawals and some processing fees
While Bitcoin allows you to make speedy withdrawals, you should know that there are a handful of bookmakers who might have high minimum withdrawal thresholds. Plus we have seen how some sports betting sites will even include some processing fees for letting you make deposits and withdrawals with Bitcoin.
So if you don’t fancy using Bitcoin for your sports bets, what other options are there? Here’s a quick overview of some of the most popular payment methods featured at bookmaker sites in New Zealand.
Nearly all bookmakers will allow you to make deposits and withdrawals with a credit card. By taking a look at our list of the best betting sites with credit card in New Zealand, you should have an excellent choice for picking your next bookmaker.
Many sports fans will use ewallets to fund their bets. We can show you the best betting sites with PayPal in New Zealand if you are a fan of this payment provider. Plus you should also check out the best betting sites with Neteller in New Zealand as well as the best betting sites with Skrill in New Zealand, as these are both popular ewallets. Just don’t forget about the best betting sites with EcoPayz in New Zealand as these are all worth a look.
Finally we have to mention that some sports fans just want to make a standard bank transfer for their deposits. Take a look at the best betting sites with bank transfer in New Zealand to see who gives you the best service for this payment option.