Bitcoin Sportsbook sites are the best sports betting site you could get these days if you are have been engaged in the world of sports betting. And do it real quick! The introduction of bitcoin has offered significant advantages in the world on online businesses. In addition, the growing interest and acceptance of this virtual currency have become a key factor to the growth of online sports betting and online casino industry.
Bitcoin, a cryptocurrency that is currently gaining popularity, can be utilized in most financial transactions. Many are now taking advantage over the number of advantages it has when it comes to purchasing goods, availing services, and using it as online currency for online casinos and sports betting sites. The anonymity of the users is also of the biggest reasons as to why going for this new cryptocurrency has never been more convenient and safe.
As this virtual currency continues to get off the ground and gain wider acceptance by different industries and marketplace at large, consumers and entrepreneurs are now finding creative and useful ways to use it.
To transact using Bitcoins, encryption codes are sent securely. Apart from secure transactions, another advantage is that each of them takes place instantly. This makes it ideal for sportsbook businesses and online casinos as well.
In order to get started, you will first have to set up your own bitcoin wallet account which you can do without any charge. Once you have your own virtual wallet, you can now start purchasing Bitcoins from market exchanges. Once you have Bitcoins in your wallet, then you can start transferring your Bitcoins to your sportsbook account. Once everything is set up, then you are good to go.
Sportsbook enthusiasts who have not started on using Bitcoins for sports betting are missing out on the major benefits. Let’s take a look at to the reasons you should be setting up your bitcoin virtual wallet as soon as possible:
Yes, online bettors always in search for the most convenient and safest ways to deposit or cash out their money. This factor is one of the biggest reasons as to why it is now imperative to embrace the use of cryptocurrency. If you make a big winning and would like to cash it out immediately, you can do so with bitcoin and expect your money to be deposited without any delay.
In traditional online sportsbooks or casinos, bettors are compelled to wait for days, and sometimes even weeks, just to receive their winnings. Bank transfer or paper checks take time to be processed and often incur charges. Any player, whether recreational or regular, find this system disadvantageous. In addition, there are several obstacles that could arise while in the process of transferring the funds. For once, clearing a check could take time. Secondly, any form of fraud detection policies may likewise trigger necessary investigations. The truth is — it can be particularly frustrating and off-putting, especially for first-time users.
These can all be avoided when you choose to go for Bitcoin instead. This is because any transaction will only have a short 10-minute window for the individual blocks to be added to the blockchain. As soon as the blocks reach the blockchain, then Bitcoin becomes yours and can be used right away. This is one advantage that you can never experience in regular betting site. Usually, cashing out your winnings can be only be done on specific dates. Moreover, waiting for the cash to be reflected on your count could possibly take days or weeks.
There is now Bitcoin-friendly online sportsbook that makes use of the six-block standard to permit the transaction. Under this system, you may just have to wait a maximum of 60 minutes, instead of 10, for any withdrawal to be cleared. This is still a lot more convenient than the traditional cash in and cash out the system.
The Web is full of reputable online sportsbooks and online casinos. However, we cannot discount that among the reliable ones, you may encounter a couple of bad apples which are linked to fraudulent activities and identity theft. Unfortunately, as the gambling industry is not entirely regulated yet, you may still be exposed to such risks. When any of these online companies are unable to establish a reliable security system, they become easy targets for hackers.
Using this novel payment method is proven to be hundred times safer as there is no need to disclose your credit card details. Unlike with traditional system, you are generally required to input your credit card number, the expiry date, and the CVC code. Bitcoin, on the other hand only requires the use of a private key which is indecipherable. The private key connected to the Bitcoin also ensures that the transfer of the funds is irreversible. Without a doubt, opting for this new method of payment proves to the safest possible option for loading your sportsbook virtual wallet and for receiving your winning wherever you are in the world.
Here’s one painful reality for those who have been engaged in online sports betting for a long time — depositing your funds is free, but withdrawing or transferring your winnings typically requires charges. And why is that? The simple answer — a ‘middleman’.
Yes, a third party typically bridges the customer, or in this case the player, and the platform. Therefore, before you can actually enjoy your winnings, you need to pay that third party for transferring the money directly to your account.
This what makes the Bitcoin blockchain different. Part of is fundamental design is to ensure that users are not saddled with unnecessary transaction fees. With this new system, there is no middleman getting in the way between the sender and the receiver. This means that you can have a successful transaction with zero cost. Do not be surprised, however, if you come across a fractional difference between two amounts. This is simply to pay for the miner who has successfully solved the block and was able to add it directly to the chain.
Yes, switching to a bitcoin sportsbook means that you still get to enjoy all the other benefits offered by the sportsbook. One of them is the ability to engage in international sports betting. In addition, you can still enjoy placing your bets on domestic sports such as the MLB and the NFL. Most of these sportsbooks allow players to place a bet from as low as 0.01mBTC.
Another advantage of opting for an online sportsbook that allows Bitcoin transactions are the round of bonuses they offer. It is likely that bonuses are offered to the first-time users of the website or the holders of newly-opened accounts. The concept is quite similar to the regular sportsbook or online sports betting sites.
If you are interested in managing your own sportsbook business or simply a player aiming to make a killing in an upcoming sports event, then going for a website that allows bitcoin transactions would be an excellent option. The convenience, ease of use, the anonymity of the user, the protection it offers to your identity, and the possible growth in its value are sufficient reasons to choose these sites over the traditional ones. If you have been in the sportsbook business for a long time, it is never too late to make that switch and experience the enormous benefits of bitcoin sportsbook.