Bitcoin 101

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Bitcoin is the world’s largest, most well-known cryptocurrency and the easiest way to deposit and get paid at BetOnline.ag. It’s fast, secure, and holds no transaction fees!

 

How to start using Bitcoin at BetOnline?

 

1. Sign up with a crypto exchange.

A crypto exchange is a digital marketplace where you can buy and sell cryptocurrency. Major exchanges come with built-in wallets, meaning you can trade and store your crypto tokens on a single interface. Mobile exchange apps include QR code recognition, making the experience even better and faster.

Once you select your preferred exchange, simply create an account. The accounts are free. Many of these exchanges will require a picture of your ID for personal verification — but the process is fast and secure.

Upon creating an account, it is recommended to download the exchange’s mobile app to your phone to simplify wallet address QR code scanning, sending and transferring Bitcoin.

Choose among featured exchanges Coinbase, Crypto.com, Kraken, or Gemini to buy Bitcoin quickly and easily.

The exchanges, wallets, and other third-party services mentioned on this page are not associated with BetOnline. Choosing the best exchange depends on your specific needs and preferences.

 

2. Buy Bitcoin.

Go on your exchange account (for many it’s a deposit button link), enter the amount you want to buy, your preferred payment method, and submit. It just takes a few clicks. Once you complete your purchase, the Bitcoin automatically arrives in your digital wallet and is ready to deposit in your player account.

Did you know?

You can buy Bitcoin instantly with your debit/credit card or your checking account through a regulated exchange.

There are several ways you can purchase Bitcoin. Click below to learn of the most popular ones.

This is a safe and secure way to exchange funds online, and to purchase Bitcoin. Many of these exchanges will require a picture of your ID for personal verification — but the process is fast and secure.

Some recommended exchanges are Coinbase, Crypto.com, Kraken, or Gemini*.

*Recommended services are not associated with BetOnline.ag. Choosing the best exchange depends on your specific needs and preferences.

To buy, go to your exchange account and use a debit/credit card or bank account to buy digital currency. Once you complete your purchase, the Bitcoin automatically arrives in your digital wallet and is ready to deposit in your player account.  

 

Some mobile payment services let you buy and transfer Bitcoin through a mobile app without the need to set up an Exchange account or a wallet.

CashApp is now the easiest way to buy and sell Bitcoin without the need to set up an Exchange account or a wallet. Plus, you can even send Bitcoin directly to your BetOnline real money account without leaving the app! 

Learn the steps to buy Bitcoin and deposit using CashApp:

 

You can deposit cash to buy Bitcoin (and withdraw cash from your Bitcoin!) You will need a wallet downloaded to your phone, and you will need to locate the machine nearest you.

Use CoinATMradar.com to find Bitcoin ATMs in your area. These machines are fast, secure, and easy to use — even for first-time Bitcoin users.

Please note that some machines may ask for ID prior to allowing purchase or exchanges. Additionally, you will need a Bitcoin address to move funds. You will need to insert cash into the machine to purchase Bitcoin. Also, you may need to verify your address to confirm most transactions — when this occurs, the transaction will be instant. 

 

 

A peer-to-peer exchange allows you to exchange funds and trade Bitcoin with users around the world. This method may be more suitable for experienced Bitcoin users but, as a general rule, when purchasing from a seller, only deal with users that have a high rating reputation based on previous transactions to protect yourself.

LocalBitcoins.com is a person-to-person bitcoin trading site. At LocalBitcoins.com, people from different countries can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can browse their website for trade advertisements and search for a payment method you prefer. 

 

3. Deposit Bitcoin (BTC) at BetOnline.

Once Bitcoin is in your wallet, you are ready to deposit with us:

  • Go to the Cashier.
  • Select Bitcoin (BTC) from the available deposit options.
  • Enter the desired deposit amount and receive the QR code and wallet address.
  • Simply scan the QR code with your mobile device to automatically open the exchange’s mobile app and complete the deposit. On desktop, you can simply copy/paste the wallet address into the exchange’s site platform.

In the BetOnline Cashier, only use the generated Bitcoin address once per deposit.

Once you have gotten the required blockchain confirmations, the funds will appear in your BetOnline account. This happens usually within 15 minutes.

Exercise caution when using a wallet that uses both Bitcoin (BTC) and Bitcoin Cash (BCH) as it might lead to confusion between addresses and funds.

 

Why do more and more of our clients use Bitcoin?

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EASY

It’s easy and convenient. Use your mobile, desktop computer, or hand cash at a Bitcoin ATM.

FAST

Transactions are credited usually within minutes.

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PRIVATE

There are no banks or government agencies involved.

SECURE

Enhanced security features make it secure and reliable.

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TRUSTED

There is a large number of merchants accepting Bitcoin. You can use it to shop online, book your next vacation or even buy a car!

View our frequently asked questions for more information on Bitcoin.

 

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