Just in time for the start of the 2016 NFL season, BetOnline.ag will no longer charge BetOnline deposit fees on bitcoin deposits.
Prior to the change, BetOnline instituted a bitcoin deposit fee of 6.5%. Even with some of the biggest sportsbook deposit bonuses in the industry (including a 50% free play bonus promotion for the start of NFL), BetOnline received a lot of criticism for the policy.
BetOnline sportsbook brand manager Dave Mason made the announcement on Twitter and was immediately greeted with happy responses.
@DaveMasonBOL This is huge news. Good for you guys.
— Aaron Mount (@AaronMount) August 31, 2016
Bitcoin is quickly becoming a very popular sportsbook deposit method because of its convenience, anonymity and almost non-existent fees. Bitcoin is a digital currency that is created and held electronically and can be sent and received without using a middleman like a bank.
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