Why you should use Bitcoin when Online Sports Betting

Raymond McKinnon

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Many online casinos have jumped on the crypto and blockchain bandwagon because of its benefits to the online gaming industry. One of the top coins that leads this new age of online betting is Bitcoin (BTC). With its popularity, several sites including bookmakers accepted its use and other coins as well. This provides a wider range of payment options for bettors. 

If you haven’t noticed, there are casino and sports betting sites that only accept BTC and other coins as payment. This is because of their trust with blockchain technology that allows anonymous and peer-to-peer transactions. Since cryptocurrencies are decentralised, the central authorities have no control over them as well. 

Today, sports betting with cryptocurrencies, especially with BTC, is highly regarded as one of the safest and fastest online betting transactions offered by reputable sportsbooks for players to take advantage of.

The rise of Bitcoin betting

As mentioned, Bitcoin (BTC) betting allows bettors and punters to bet safely and conveniently. What’s great is that most crypto transactions only take hours or even minutes to complete. With this, transaction fees are reduced while some are even for free. However, this depends on what coin you are using and the site you are betting on. 

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Many sportsbooks provide limitless daily transactions if you prefer betting with BTC. Since most crypto sites ensure privacy and safety, you won’t have to worry about your information being leaked. To secure your account even more, make sure that it is verified and use two-factor authentication. 

Benefits of Bitcoin sports betting

Aside from the privacy that Bitcoin betting offers to its users, there are also other benefits that come with sports betting using BTC. Some of these perks include: 

Fast and secure

BTC is still a new concept in the financial industry, and many are concerned about its security and integrity. As opposed to what people generally believe, BTC betting is more secure than traditional betting. In comparison to crypto, traditional payment methods are far more susceptible to hackers.

Unlike credit and debit cards, which can be easily stolen, crypto transactions are encrypted and decentralised, making them less susceptible to fraud. Deposits and withdrawals can be made without additional authorisation because of the unregulated nature of coins. Hence, BTC transactions are highly faster than those made using traditional payment methods. Just make sure to provide the correct information because crypto transactions are irreversible. 

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Bigger bonuses

The bonuses and promotions offered by online sportsbooks are always available. If you use BTC to bet, it is more likely for you to claim exclusive and bigger bonuses. As long as you know where to look, you can get a better bonus for using crypto when betting. But before you claim a bonus, it is best to read the wagering requirements first. 

Less risk

It’s less risky to bet with BTC than it is with a traditional form of currency. For instance, most online sportsbooks will convert your coin into US dollars when you place a bet. With this, you can avoid the risk of crypto price fluctuations. For a higher amount of profit, it is best to withdraw your winnings if the value of Bitcoin is up.

Even when it comes to sports betting with cryptocurrencies, BTC continues to have a profound impact on the worldwide economy. Coins are not going away anytime soon that is why online sportsbooks have embraced them. If you are a fan of online sports betting, this is your chance to take full advantage of the benefits that BTC betting offers for a worthwhile and hassle-free betting experience.

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