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5 Best Places to Bet with Bitcoin

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places to bet with Bitcoin

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

Is Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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Bitcoin

Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

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Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

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Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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