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07 Oct 2022
Tech

Bullet-Proof Reasons to Start Betting Using Crypto

Introduction

If you’re a fan of betting and gambling, then you’ve probably heard about the wonders of cryptocurrency. But if you’re not familiar with it yet, here’s a brief introduction: cryptocurrencies are virtual currencies that can be securely exchanged for goods and services. Cryptocurrencies have been around for almost ten years now, but there are still many people who don’t understand how they work or why they should use them when betting on sports events or playing games like poker. To clear things up once and for all, let’s take a closer look at why I believe cryptobetting will soon become more popular than regular betting…

Cryptocurrencies are absolutely a viable option for betting, especially with all the benefits that come with using them.

There are many advantages to using cryptocurrencies for betting, which is why it is a viable option for so many people. Cryptocurrency betting offers many great benefits that traditional online gambling simply cannot. Have a look at this guide for additional details.

Bitcoin betting will become more popular than regular betting

  • Bitcoin betting is the future
  • Bitcoin betting is more secure than regular betting
  • Bitcoin betting is faster than regular betting
  • Bitcoin betting is more anonymous than regular betting
  • Bitcoin betting has higher odds than regular betting

You can stay anonymous while betting using crypto

While betting using traditional methods, you have to register with a sportsbook and create an account. You then need to give them your personal information including your name, address, and the last four digits of your social security number. In addition to this, you have to share other personal details like birth date, mother’s maiden name, etc.

Now, this may not appear that bad but imagine having all this data stored somewhere on some server in some company’s database or even worse: being hacked! And by the way… If you live in a country where gaming online is illegal (like India), then it’s even worse for you because then there are even more consequences if caught doing so such as jail time or monetary fines for example.

You don’t want anyone knowing about the bets that you place and how much money does it cost? Well, guess what? You can stay anonymous while betting using Bitcoin! All one needs is a wallet that accepts their crypto coins (and which ones depend on their preference) and voila! They’re ready to go!

Fast Transactions

One of the primary reasons why online gambling has taken off so quickly is that transactions are instant. You don’t have to wait for your money to clear, and you don’t need to wait for your bank or credit card business to process your transaction. And if you want access to the funds immediately, you can withdraw them right away.

Low Fees

  • You’re going to pay less in fees when you use Bitcoin.

Most websites that accept crypto as a form of payment will charge a 0.1% transaction fee, which is knowingly lower than the industry standard of up to 2.5%. On top of this, some betting sites offer monthly promotions or bonuses for using their platform and/or coin type, so you can even stretch your budget further by getting a little lucky!

High-Security

Crypto transactions are secure, irreversible, and anonymous. They are also cheaper than traditional fiat currency transactions.

Cryptocurrency is a digital currency that exists only in the form of electronic data and is not issued or backed by any country’s central bank or government. Crypto transactions are secure because they are made through blockchain technology; an encrypted, distributed ledger that records transactions chronologically and publicly across a peer-to-peer network. This public ledger ensures that each transaction is valid and cannot be manipulated by anyone other than its intended recipient (a process known as mining). Allowing everyone to see all the transactions means that if one person attempts to falsify information (say, by spending coins twice), it will be noticed immediately by others on the network who can then prevent such activity from occurring again in the future.*

  • Source: Investopedia

Anonymity

Betting anonymously is a big plus for using Bitcoin. Unless you’re betting at an online casino, which is a different story altogether (and we’ll get to that later), you won’t have to provide your personal information or credit card number when betting with crypto. This means that nobody can take your identity or credit card info just by knowing what you bet on.

Additionally, if someone does manage to steal your personal information and tries using it for illicit purposes, this person will not have any access to the money in your wallet because all transactions are done peer-to-peer over blockchain technology.

Worldwide Accessibility

You can bet from anywhere in the world. Whether you’re traveling or just want to take advantage of the best odds from your phone, tablet, or computer, BetOnline is here for you.

Higher odds

You’ll have a chance to bet on an increasing number of games and events. You can find some sites that offer betting on up to a thousand different games in a single day!

Every event and team has at least two sides, so that makes for twice as many opportunities to win.

There are also more players than ever before. In the past, you’d have a handful of professional athletes that you could bet on, but now thousands are playing all around the world, giving you more chances to cash out big time!

Quick withdrawals

The ability to withdraw winnings quickly is one of the most important benefits of using cryptocurrency as a betting currency. Removals can be processed in a matter of minutes and you won’t have to wait days or weeks for them to clear like you would with traditional payment methods.

The chances to win are higher

To understand why the odds are higher, we have to talk about what makes a bet different from other forms of betting. When you make a regular bet, the outcome may be decided by chance—but it’s also possible that your choice will be influenced by things like skill or experience. In contrast, when you make a Bitcoin bet, there are no other factors involved except for pure luck (or lack thereof).

Because there are no other factors at play besides pure chance when making a crypto bet, there is no way for bookmakers to adjust their odds accordingly—after all, they have nothing else to base them on! This means that they have only one option: to give you better odds than they would give anyone else who placed the same kind of regular bet as yours.

Conclusion

If you’re still on the fence about betting using cryptocurrency, it’s time to take a step back and look at the bigger picture. With all the benefits that come with using Bitcoin for betting, there isn’t any reason not to try it out for yourself. You could easily start making money right away!

Review Bullet-Proof Reasons to Start Betting Using Crypto.

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