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Bitcoin FAQ

The purpose of this page

This collection of frequently asked questions provides answers to the most common questions about Bitcoin betting at Loot.bet. If you do not find what you are looking for here, please contact us and we will do our best to answer your query. Please note that this page does not substitute our Terms and Conditions page, and in case of doubt you should always refer to the Terms and Conditions.

Why Bitcoin?

We accept Bitcoin as a deposit method. You can also use any of our other deposit methods, but Bitcoin has major advantages since it’s completely anonymous. We normally do not require any ID verification for deposits and withdrawals in Bitcoin, and we don't ask for your personal information (such as your address or country of residence etc.), unless in rare cases when we reasonably believe that there is a risk of unlawful activity or to ensure our Service integrity.

How do I get Bitcoin?

If you like the idea of Bitcoin but never used it before, we recommend that you read a bit about it first.
A very good introduction guide can be found here: https://bitcoin.org/en/getting-started
When you set up a wallet and acquire your first Bitcoin, you are ready.

I have Bitcoins, what now?

If you want to use Bitcoin, you need to create a Loot.bet account with Bitcoin selected as your currency.
When your account is created, you can go to the deposit section and transfer your desired amount to the Bitcoin address listed.
You are now ready to bet as if you were using any other currency!