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To seasoned gamblers, any kind of bitcoin betting is positive bitcoin betting. That being said, one of the main reasons that the cryptocurrency has seen such a rise in the variety of people that utilize bitcoin is because it has made sports betting possible again. One such site that is capitalizing on the combination of sports betting and bitcoin is Powerbet.io.
Powerbet.io is a 100% bitcoin bookmaker. They offer a very familiar website design in terms of navigation and have really a huge selection of sports to be on. A search function is something seemingly simple – but also not a given at other bitcoin betting sites. Powerbet has the punter in mind in that regard.
Powerbet.io is a strictly bitcoin site and one of their main disclaimers is that they offer completely anonymous betting with no personal data required. The site caters very much to US players not only in the sports and leagues that they offer, but also in terms of bets being able to be made in USD and with American odds display. The site is available in English, Spanish, French, and German and there is no outright disclaimers about members from certain countries being restricted from using the site.
Something to note is that you do have to enter a valid email address and a date of birth to register for the site. Some bitcoin betting sites will log you in solely when they recognize your IP address. Using an email and birthday to register is actually a positive though as you can access your account on either the desktop or mobile version of their platform.
User Experience and Design
Any experienced gambler who has bet at online sportsbooks in the past will be able to conquer the navigation of Powerbet.io in a matter of minutes. Even those new to the world of online betting shouldn't face any major issues with the site design and navigation. All the major sporting events that are trending are listed in a 'top coupons' section on a left-hand sidebar. The sports offered are listed below that and your betting coupon is displayed prominently in the center of the page.
Live betting is a very big aspect of Powerbet and all the upcoming games are easily visible on the right hand sidebar of the site. Most online sportsbooks of bitcoin or traditional currencies follow a very similar format and layout – people like familiarity.
Promotions on Offer
Powerbet.io has only been around since 2016 but they've made a big mark on the industry in a very short time. This is because they are one of the innovators in leading the bitcoin bonus promotions to the next level. Many of the top bitcoin sportsbooks of the past did not offer any sort of promotion – they figured providing convenient, anonymous gambling was enough. As the industry has gotten more competitive, they've found out that offers are the way to get customers in the virtual doors.
A few of these lucrative bonuses include:
- 100% First Deposit Bonus – new members can earn a 100% deposit match on your first deposit up to 200 mBTC. Once the bonus amount is rolled over 12X it's credited into the account.
- 50% Parlay Bonus – all parlays consisting of four teams or more will receive an additional bonus of 50% of the winnings added into your account.
- UEFA Money Back – bet on any team in the three-way market of the UEFA Champions league and if they score first, but end up losing the bet is refunded. (Also available on Europa League games).
- Daily Promotions – powerbet.io features a number of specialty promotions such as if your WTA bet wins the first set but loses the game you get a refund or if your football squad allows the first goal but wins you get double the winnings.
This is a very generous gesture from a book as a way to increase the action on particular games. It increases the excitement for the bettor too – you don't just have to root for your team to win, you can just hope for the first goal to essentially make the rest of the game a 'free' wager.
Top Games Available
There's so much data available online about sports in these times that any quality book is going to offer virtually every game and sport to bet on. Powerbet.io is no different as they boast 15 different sports to wager on with up to 10,000 games per month. This includes both pre-start and live game betting including parlays, teasers, and all the old staples that gamblers have learned to love (and probably hate some times).
Powerbet isn't very forthright with many details about their security protocol but with the growing legitimacy of bitcoin as a whole there's less and less to worry about in terms of 'scams.' Granted the site has only been around since 2016 and they could technically
pack up shop any day but really so could any online presence that holds your funds. Powerbet.io does use an HTTPS server so at least your data is relatively secure – especially since you don't need personal info to sign up for the site anyways (besides an email address).
Powerbet.io works on bitcoin only so it is the only withdrawal option. On the bright side, withdrawals are processed immediately because you've already gone through the confirmation process on deposit. There are no fees required for cashing out your money and there are no limits on quantity per day/week/month, etc.
Deposits are accepted, obviously by bitcoin only too and they do take a bit longer as one confirmation is needed before the funds are credited to your account (an hour or two tops). No processing fees are required for deposits either.
First deposits are matched 100% up to 200 mBTC and can be accessed after a 12X rollover of the bonus amount.
Customer support is available on each page of the Powerbet site via an email link. Responses range from minutes to a business day. There is no live chat, but the site does have a very prevalent social media presence which could lead to faster answers.
Really the only downfall for powerbet.io is that they are only a year old so there is no data in regards to their long term reputation. Bitcoin sportsbooks are often more reliable in terms of payments and deposits because there are no holdups stemming from credit card processors. It's always important to read the fine print for the user agreements on any website, but as for Powerbet everything seems to be “so far, so good.