Top 8 Reasons To Bet With Bitcoin

June 28, 2019

WHY BET WITH BITCOIN?

1. Security

Security measures are the best reason for betting with cryptocurrency. Regardless of your method of payment, safe and secure deposits and withdrawals are the most important thing when it comes to your funds. Sports betting sites that use crypto also have two-factor authentication and proper encryption in place.

Wagers placed with crypto are done so through secure web portals. Winnings are then transferred directly to the digital wallet in the form of whichever crypto was used to make the bet. Cryptocurrency offers a greater level of security and safety to your betting.

2. No Fees

There are no banking fees for deposits or withdrawals when using cryptocurrency to bet.

What this means is that the value of Bitcoin is transparent, much more transparent than banking organizations that make traditional currency payments.

Sports betting with Bitcoin and other crypto can set a different rate of minimum and maximum deposits compared to traditional currencies, enabling you to bet smaller and larger amounts than other currencies allow.

Crypto betting bonuses are also more generous than with other currencies. This is because the savings that the sportsbook will have made through the use of cryptocurrency enable them to offer you more, more often.

3. Cryptocurrency Value

Cryptocurrency is considered to be a lucrative tool of investment, despite the fact it is decentralized.

Betting using the rising value of Bitcoin and other crypto means that you are not susceptible to the ups and downs currencies tied to banks. Despite the thinking that the crypto market is volatile, most cryptocurrencies remain bullish on the markets.

With the reduced currency risk, those using to wager with crypto are given more control.

4. Faster Deposits and Withdrawals

Cryptocurrencies are digital cash.

This means that the bettor and sports betting site interact directly, with no third-party between them. With Bitcoin and other crypto, users send their bets straight from their personal wallets to the betting site’s wallet fast and with minimal fees. When the time comes for the bettor to take their winnings, withdrawals can be made instantly.

Many sports betting sites even have automated payouts, made directly to the user’s wallet.

5. Anonymity

One of the best benefits of crypto is the anonymity, which is great for bettors who like to keep their activities hidden from banks.

Despite the outward anonymity, crypto networks use unique IDs and passwords to authenticate each crypto transaction, ensuring that your digital tokens and identity are protected.

Crypto can be transferred from one digital wallet to another without needing to disclose personal information.

6. Lower Fees

Bitcoin, Ethereum and other cryptos have fewer fees.

When transferring cryptocurrencies to sports betting sites, fees are negligible.

See below for an example of the fees paid using crypto.

7. Faster Access Your Winnings

The faster the withdrawal the better, and crypto has much faster speed of the service as compared to other methods.

Cryptocurrency does what traditional payments do only faster, this is both for deposits and withdrawals.

Most betting sites and conline casinos that offer wagering with cryptocurrency are eager to provide extra customer service to those customers who use cryptocurrency for betting.

Using crypto for sports betting rids the customer of hefty admin fees that come with using a credit card.

Cryptocurrency transactions are given first priority in many scenarios by sports betting sites.

8. Crypto Won’t Be Rejected

Because crypto is decentralized and not controlled by a single entity, no third-party authorization is needed to make transactions.

This means that transaction are guaranteed through contracts established when you make a transaction, not your bank.

Moving Bitcoin and other cryptos from one place to another is easier than other forms of payment and not subject to interference that could stall your deposits or withdrawals.

How to Bet on Sports with Cryptocurrency

When it comes to betting on sports with crypto, it could not be any easier.

Simply set up an account with one of our approved Bitcoin betting sites below and then fill your digital wallet with Bitcoin or your selected crypto through a direct transfer or with a QR code.

Using cryptocurrency in sports betting gives you a greater range of control by taking advantage of what is arguably the most advanced payment method available.

When sportsbooks offer crypto payments, they are dedicated to the future of technology and their software is likely first class.

Their security measures also mean that your transactions are protected and anonymous. The freedom of the decentralized blockchain technology that crypto has means that it isn’t subject to governments.

Overall, crypto for sports betting means more security, faster withdrawals and deposits and an overall better betting experience.