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5 Best Places to Bet with Bitcoin

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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

As Global Tensions Grow, Bitcoin Price May Go Higher

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BTC Surged Again as A Safe Haven Asset During Global Tensions

  • India – China Border Conflict

After weeks of squabbling and brawling along their long-disputed border, hundreds of Indian and Chinese soldiers engaged in a deadly clash Monday in a river valley that’s part of the region of Ladakh last week. Troops had massed on both sides of the border in recent months in the northern India region of Ladakh and the southwestern Chinese region of Aksai Chin, causing global concerns of a potential escalation between the two.

  • North and South Korea Clash

Last Tuesday, North Korea destroyed the liaison office it jointly operates with South Korea in the city of Kaesong, just north of the demilitarized zone that separates the two countries. 

North Korea also said it would send troops to now-shuttered joint cooperation sites on its territory, reinstall guard posts and resume military drills at front-line areas in a violation of separate 2018 deals with South Korea. Jeong said South Korea will take “immediate, swift and corresponding” steps to any North Korean provocation.

The tensions grown in Asia and the potential “second wave” of coronavirus in the United States may add more difficulties to the global economic recovery. Thus, Bitcoin, as a safe haven asset, attracts more investors to…

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CoinFlip Continues to Dominate the U.S. Cryptocurrency ATM Market

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Although cryptocurrency has brought in a lot of traders seeking the dream of overnight wealth, cryptocurrency is a lot more than just striking it rich.  Cryptocurrency is about creating a new market with companies that are building cutting edge technology in an effort to continue elevating our way of life.  As the crypto market continues to expand, several companies are involved in creating ways for more people to participate.  One such company that appears to be making all the right moves is CoinFlip.

CoinFlip is the world’s leading cryptocurrency ATM operator that currently allows users to buy and sell 10 different cryptocurrencies including BTC, ETH, LTC, DASH, TRX, KMD, LINK, BNB, XLM, and USDC.  Due to the company’s quick growth, CoinFlip has quickly gained a reputation of being the place to go for all crypto ATM transactions.  In addition to its massive geographic coverage, there are four advantages that CoinFlip currently offers over its competitors:

  • Lowest fees of any cryptocurrency ATM in the world
  • Lightning-fast transactions that are typically completed between 10 and 30 minutes
  • Extremely easy customer verification
  • 24/7 customer support through phone, text, and chat

Given the global pandemic currently facing us, many companies have been struggling just to survive.  CoinFlip, on the other hand, is not only surviving but thriving.  The company has had an exciting few months and has even bigger plans…

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Cryptocurrency Fraud is Evolving; Bitcoin ATMs Mitigate Risk 

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Cryptocurrency Fraud is Evolving
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In one of the more overlooked aspects of the crypto ecosystem, it appears that the bulk of illicit activities are shifting from hacks and thefts to cryptocurrency fraud and scams.

CipherTrace, the crypto-surveillance, and analysis firm released a report at the end of Q4 2019 that revealed hacks and thefts had decreased by 66 percent in 2019 while fraud and misappropriation of funds surged by 533 percent. And beneath the COVID-19 hysteria of 2020, hacks in the crypto sector have been eerily isolated. 

Outside of a few exploited flaws in P2P exchanges and DeFi flash loan vulnerabilities, the headline-grabbing hacks of exchanges for hundreds of millions of dollars have been absent so far this year. Is the industry due for another massive hack, or are stringent KYC/AML processes, regulatory crackdowns, better security practices, and blockchain surveillance working? 

KYC/AML Improvements Are Reducing the Appeal of Crypto Exchange Laundering 

2020 is far removed from the no-KYC wild west days of the early-mid 2010s where anonymous altcoin casinos preponderated and the Dark Underbelly of Cryptocurrency Markets thrived. 

Today, bitcoin and the crypto ecosystem is becoming institutionalized with a surfeit of derivatives (e.g., options, futures, perp swaps, etc.) available on…

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