Bitcoin Webinar Part 3: How to Convert Bitcoin to Cash
- How to withdraw bitcoin
- Sportsbook -> Wallet -> Exchange -> Your Bank
In part three of the bitcoin educational series, Sportsbook Review's Peter Loshak and bitcoin expert Justin discuss how online sports bettors can convert bitcoin to cash.
Part one focused on the basic question of 'what is bitcoin', while part two dived in to opening an account with a bitcoin exchange to purchase bitcoin, setting up a wallet, and ultimately depositing with an online betting site.
This episode focuses entirely on the process of withdrawing bitcoin and converting it to cash.
Once bettors withdraw bitcoin from an online sportsbook, they can withdraw back to their wallet, and then transfer it to their exchange of choice and convert it to cash. The two most popular bitcoin exchanges are Coinbase and Circle.com.
The conclusion of the episode mentions a free $25 promo for bitcoin newcomers at online sportsbook BetDSI (SBR rating A+).
Players can find a list of bitcoin sportsbooks using the SBR review page.