Connect with us

Bitcoin

5 Best Places to Bet with Bitcoin

Published

on

places to bet with Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

Essentially, you can get your money into your account much faster – which comes in handy if you are opening up a new account because that particular shop has a better betting line than most of the competition. Conversely, because you are not subject to international bank transfer fees when dealing with an offshore book, the transaction is much, much cheaper. It’s for these reasons that most sportsbooks charge a withdrawal fee for normal payment transactions and they can take up to a week to place your winnings into your account.

With BTC this happens in a matter of minutes and there are no payout fees. This leads us to security. It takes a long time to fund and withdraw because the sportsbook has to verify exactly who you are and make sure there is nothing fraudulent going on. The bank then does the same. In contrast, BTC is set up on blockchain, which makes fraud virtually impossible. So, the money simply goes from wallet to account or account to wallet in as little as 12 minutes. 

But what about Bitcoin’s volatility?

With sportsbooks, you don’t have to worry about BTC’s volatility. When you purchase coins and add them to your wallet if you immediately transfer them into your bookmaker’s platform, the book will instantly convert the BTC into Dollars/Euros/Pounds –depending on the book. So, you avoid the possibility of a BTC market-fall. This means that not only are your transactions secure on the blockchain, making it virtually impossible for you to be cheated by the sportsbook, or for you to cheat the sportsbook, but you don’t have to worry about BTC market because you are always going to get the current market equivalent in you preferred currency.

The bonuses are great as well because many sportsbooks offer extended or additional bonuses for using BTC to fund your account – up to 100% cash on your deposit amount.

The Where

Most major sports betting websites now accept BTC. So, if you are looking for where to place bets with Bitcoin, you won’t have to look very hard. That said, some sites are better than others and we’ve whipped up a shortlist for of the best BTC-ready sportsbooks that are confirmed to convert and hold your crypto deposits in USD.

Bovada 

Bovada is an A+ rated site with just a $10 deposit minimum and a 50% cash bonus. 

Bookmaker 

Bookmaker has been around since the year 2000, and they offer a 100% cash bonus with a minimum deposit of just $10 or the BTC equivalent.

5Dimes

5Dimes is another long-standing book that’s been in business since 2000. They have a $100 dollar minimum deposit, but no maximum on their payouts.

BetOnline

BetOnline allows $3500 payouts per transaction and offers 50% free play on a minimum deposit of $20.

Heritage

Heritage has a $25 minimum BTC deposit and no max payout. And they offer 50% cash bonuses on your overall deposit amount.

There you have it. Why you should use cryptocurrencies for your sports betting ventures and where to do so. Have fun, and remember to pick your spots wisely and bet with caution!

Bitcoin

How Casinos Are Embracing Cryptocurrency

Published

on

cryptocurrencies
READ LATER - DOWNLOAD THIS POST AS PDF

Digital currencies and blockchain technology have had an immense impact on several industries across the globe. One of the areas where this impact has been very profound is in the gambling sector – which has also been known for embracing the latest technologies. Gaming operators have always been at the frontlines when it comes to trying out new and innovative technologies all in a bid to keep their customers happy and interested.

That said, it was only a matter of time before cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin among many others made their mark in the gambling industry. All of the features that these digital currencies promise are, without a doubt, very desirable features for gamblers across the world.

The result is a mutually beneficial arrangement where digital currencies get the necessary boost to go mainstream while the gaming operators get a front-row seat as the world ushers in the new age of next-generation digital payments. Naturally, there has to be a framework for this and thankfully its already being implemented in both land-based casinos and in online gambling platforms. 

Crypto in Land-Based Casinos

Cryptocurrencies, since their conception, have always been digitized forms of payment. However, nearly everything is digitized nowadays. Still, brick-and-mortar casinos rely greatly on existing systems all…

Continue Reading

Bitcoin

Reaching true Bitcoin anonymity through the use of mixers

Published

on

Bitcoin anonymity
READ LATER - DOWNLOAD THIS POST AS PDF

There used to be a time when Bitcoin transactions were considered fully-anonymous. Back then, cryptos were only getting started, and Bitcoin was pretty much the only one that was used, apart from a handful of the first altcoins that followed. However, as the crypto industry continued to develop, current blockchain analyzers were created, and it became clear that Bitcoin’s transparency also includes tracking the coins’ movement, even when you are simply withdrawing them from your exchange to your wallet.

This is why it became necessary to use Bitcoin mixers, also known as Bitcoin blenders or Bitcoin tumblers, such as BitMix.biz, in order to reach true anonymity.

What are Bitcoin mixers, and why do you need them?

Bitcoin mixers, as the name suggests, are online services that mix Bitcoins in order to disrupt their traceability.

Let’s say that you have a certain amount of BTC in your wallet on your crypto exchange of choice. With all the exchanges having to follow KYC/AML procedures, that means that you need to verify your identity, so that the exchange — and therefore, the authorities — will know exactly who you are and how much money you earned through trading and investing.

Once you withdraw those coins to your wallet, blockchain analyzers can track the transaction, and so your wallet…

Continue Reading

Bitcoin

The Bitcoin Meltdown is Chance to Double Your Bitcoin

Published

on

bitcoin meltdown
READ LATER - DOWNLOAD THIS POST AS PDF

Most of the cryptocurrency holders have never felt a day so bad.

After a blustering day of trading which saw Bitcoin price drop from $7,950 to $3,800, the massacre caused the worst sell-off to set a new 2020 low which not seen since April 2019.

The history of bitcoin only has a day in 2013 to compare a 40% fall, at that time bitcoin once dropped from $266 to $50, that was also a day when despair defeated the belief of bitcoin and almost no one could foresee bitcoin can recover and prices will reach $10,000 in a few years.

“Be fearful when others are greedy and greedy when others are fearful.” This is what Warren Buffett said about stock market and you can see the stock market never dies, it is just rise and fall happen in a different order at different times.

So it is with bitcoin. The bitcoin meltdown is a chance for a few bitcoin traders while the others are running away.

One typical way is to short bitcoin. Futures trading allows traders to make profits out of the future price difference of the derivatives. However, when during horizontal movement of prices, futures trading may gain you fewer profits to cover the possible loss of the margin.

Is there…

Continue Reading

Press Release