In 2015, BetOnline.ag became one of the first sportsbooks to adopt Bitcoin as a way to offer a better experience to sports bettors who didn’t have access to their money as quickly and reliably as they wanted to. Therefore, BetOnline chose to pick a payment method that allowed instant deposits and very quick withdrawals which placed less financial burdens on sports bettors.
Admittedly, when the online sportsbook first introduced Bitcoin in 2015, the cryptocurrency commanded an unseemly 6.5% fee on deposits and a 2% fee on withdrawals. They removed both fees in August 2016 for deposits and January 2017 for withdrawals, giving their online sportsbook product a fresh boost, with bettors now able to get an even better value on their wagers. Today, the withdrawals are capped at $3,000 per transaction making for a comfortable experience. Another great thing about this sportsbook is that the company allows you to place larger bets, up to $5,000, and more on individual sports contests.
There are other available methods to deposit with as well and they include QB-Direct, Moneygram, EcoPayz, Ria, Skrill, and Neteller. Please, keep in mind that any amount deposited via Skrill or Neteller will not activate a bonus found at BetOnline. It’s best to stick with an alternative payment option instead. Another thing to notice is that when you pick a Cashier Check, Money Orders, or Wire Transfer, a chat box will open for you to talk with BetOnline directly.