Did you know it’s entirely possible to fund your betfair account using bitcoin? even dogecoin or any other random crypto currency! Read our guide below to find out how! Or even better why not join cloudbet using the links above, you will get a 5btc match when joining! (yes, 5btc!) and they have 1,000s of live sporting events and hundreds of casino games!
What is betfair?
Betfair started life almost 2 decades ago as a sports betting exchange. This means unlike a traditional sportsbook you are betting against other players rather than the house. This means you get much better odds. The house make their money by taking a commission on every winning bet.
What is Bitcoin
Now over a decade old bitcoin is a P2P crypto currency. No one is entirely sure who started it but it’s gone on to revolutionize the payment industry. Users can send coins to each other almost instantly from anywhere in the world. Bitcoin wallets are available for all devices from PC to android.
First of all you need to buy bitcoin. You should do you research on which exchange to use thoroughly. I am reluctant to recommend one here as they frequently go ‘bust’ or simply run of with users money. This isn’t to say there aren’t legitimate exchanges out there but you need to be wary. Furthermore you should NEVER keep your money on an exchange. Once you have bought bitcoin store it in an offline wallet.
I Have Bitcoin, How do I get it to Betfair?
First of all you need to setup an account with Neteller. Neteller is a wallet based system similar to paypal but for gambling sites. It’s free to setup but you must be over 18. Certain countries are excluded such as the USA so always read the terms and conditions. You may need to send in ID to verify your account (but don’t worry they are totally legit).
Once you have your neteller wallet setup go to ‘add funds and select the bitcoin option. You will then get a unique bitcoin address which you can use to send funds to. Simply open your bitcoin wallet and send the desired amount of funds to that address. We don’t recommend sending directly from an exchange.
Now you have your funds on neteller (they may take an hour or so to appear). Go to the betfair website and login to your account. Click on the banking option and go to deposit. You should then see the neteller option assuming it’s a valid option for your country.
What about other crypto
To get other crypto funds to betfair you need to take a similar route, but first of all you need to use an exchange such as binance to convert your crypto currency to bitcoin.
If,for whatever reason Betfair or NEteller are unavailable in your country checkout cloudbet at the top of this page. They accept players from all over the world.