More and more bitcoin betting sites are accepting that the cryptocurrency is the future of wagering in the industry. It is the most convenient and beneficial betting medium bitcoin betting sites prefer with the advantages it has, compared to conventional money.
The crypto cash is not only beneficial to the betting software companies but also to the bookmakers and online players as well. The ease and convenience that the bitcoin betting sites add more attraction for BTC account holders to place their bets on the wagering company.
Advantages of playing in Bitcoin betting sites
- Online players like to place their wagers in a bitcoin betting site for the reason of its safe and secure platform. The best bitcoin betting sites have the hardware and technology that ensure its bettors in a fail-safe environment.
- Bitcoin is impossible for rediversion of payments. Sending the crypto cash means that the transaction of its transfer pushes through and is irreversible. This is what merchants like about Bitcoin, it is a safe deal for them as well. BTC deposited on Bitcoin betting sites stays there safe and secure.
- Due to the decentralized nature of bitcoin, no one can block you from sending the digital cash nor can anyone take away your money or freeze your account. The cryptocurrency is free from any financial regulator or a central bank for that matter. The best things are, your money is yours and you have total control of it. You can send your deposits to the bitcoin betting sites without any hassle.
- Your digital currency is free from taxation. No central bank or financial entity will be able to tax your money. The bitcoin betting sites also benefit from the low transaction fees.
- A great reason why online punters place their BTC on a bitcoin betting site is that the gambler remains anonymous. There are bitcoin betting sites that do not require registration of their bettors.
As soon as the BTC you sent gets the confirmation, you are good to go to enjoy your wagering luxury. Some prominent personalities do not want their image blown up when they visit a bitcoin betting site; they would prefer to lay low when doing their wagering activity.
Transactions happen with no trace of identities when paying and receiving payments of goods and services. Bitcoin betting sites receive bets without knowing from who it is from.
- Bitcoin betting sites process BTC fast and efficient. You can deposit and withdraw your funds in just a few minutes upon request. Traditional money takes days or even a week after you withdraw it from online betting sites, till it reaches your bank account.
- Bitcoin bettors save money when they place their wagers with bitcoin betting sites. There are almost zero transaction fees when you do your business in the wagering websites. With the frequent withdrawals and deposits you make, charges could be piling up on traditional money deals. With Bitcoin, there are minimal fees to pay when playing at bitcoin betting sites. There are no middlemen in the picture saving even more money in the process.
- Bitcoin market capacity has a limit of up to 21 million only, making its growth by volume, predictable. The nature of bitcoin exempts the cryptocurrency from inflation with no central body to print it out and pouring it into the economy when crunch time is in the air.
Casino owners advantage with the bitcoin betting sites
Both the casino bitcoin sites and the punters have the advantages in playing at the bitcoin betting sites. Both parties will enjoy the following benefits the online casino delivers.
- Deposit and withdrawal transactions cost less than with casinos operating with the fiat currency. Frequent withdrawals benefit punters so they wager wisely after organizing their betting funds. The action also avoids the tendency of impulsive betting which could lose you money.
- Transactions are almost instantaneous with bitcoin betting sites. Fast exchanges on sportsbooks and the wagering tables are what punters sought after.
- Using the bitcoin and change blocks to send and receive payments make the transaction anonymous. No one will know who is paying someone and who receives from where. Registration of the BTC account holder is not a requirement in most bitcoin betting sites.
Disadvantages in placing your bets in bitcoin betting sites
- The development of the Bitcoin is still in its early stages. There is more to bitcoin to discover and implement. The acceptance of bitcoins by merchants and consumers increases every day, the more the public accept bitcoin, the more it will become stable in the world market.
- Not all online betting sites accept cryptocurrency in their operating system. Most Traditional betting sites still prefer the fiat currency as their betting medium. Everyone has access to the fiat currency but only a few have bitcoins to spare in their wagering activities on bitcoin betting sites.
- The bitcoin may be a venue for criminal activities and perpetrators escape from their crimes by cloaking it with bitcoin transactions. Because of its user transacting anonymously, The cryptocurrency can pass money laundered from one place to another. Drug money payments are also possible with bitcoins; proving the crime is impossible with the transaction done through bitcoin trading.
- The volatility of the digital money is a great disadvantage to users and merchants. Payments you receive or sent may be of different value a few hours later. This is because of the limited supply against the enormous demand that prices fluctuate in its value.
What to look for in the best bitcoin betting site
1. The best bitcoin betting site should have online casinos with plenty of gambling tables to choose from the list. The wagering site should also have a top bitcoin betting site offers over a thousand excellent table games. It would also be convenient if it has a wide array of local and international sporting events to place wagers in the game.
2. It is best for a bitcoin betting site to accept other cryptocurrencies like the litecoin, BitCash, Ethereum and other digital money. It would be great if the bitcoin betting site accepts other forms of payments such as VISA, Mastercard, Skiller, or Neteller among others so gamblers could have other payment options in case their BTC funds run low.
3. Response to customer inquiries and needs of bettors from the gambling program is most important for punters when they are playing on the best bitcoin betting sites. Customer service is an essential factor for your punters to stay and patronize the bitcoin betting website. The support mediums like the chat avenue and email communication will keep the call center and staff of the best bitcoin betting sites for easy access with bettors, an added service value to its customers.
4. See to it that your BTC deposits are safe in their bitcoin betting site safety deposit storage. It should be in a secure environment where it is away from threats of hacking. The best BTC betting site keeps ample funding of bitcoins and sees to it that players can withdraw their BTC when they need to during their wagering. The system allows the best bitcoin betting site to speedily process the BTC withdrawals each day.
5. Consider the bonuses offered by the bitcoin betting casinos. The perks will help punters in their online betting activities. Bonuses could range from the first until the fourth deposit. Bonuses will help punters start off with a positive bankroll on the gambling site. Bear in mind that the bonuses are not the only reason for your site selection, it is only a factor of a series of factual basis pertaining to a bitcoin betting site.
A bitcoin betting site offers a 100% bonus on your first deposit, 50% in your second BTC transfer, and 25% for the succeeding deposits. Other perks offered upon entry may include special tickets on significant events, lotteries, raffle draws, participation in contests, and other giveaways on sporting events.
Bigbook.ag is a bitcoin betting site that can accommodate bitcoin bettors and provide them with the best services at par with the leading wagering sites in the market. Visit bigbook.ag and experience online bitcoin betting at its best.