Bitcoin betting dynamics are similar to betting with credit or debit card. You need to open a free account at a bitcoin wallet service such as Coinbase and Blockchain.com. Once you have an active account, you can buy bitcoins using a credit or debit card. Once you purchase as much bitcoins as you wish, you can transfer some or all of them to your online betting account. Some BTC online sportsbooks allow users to bet with BTC while the others require them to convert their bitcoins into a flat currency like USD and EUR.