Bitcoin and Online Sports Betting
Bitcoin also reported that over half of its transactions are used for some form of online gambling. This popularity is likely because you do not have to provide a bookmaker with your personal financial information when you work with them through cryptocurrency. If you don’t feel comfortable providing your financial information to online bookies, cryptocurrency is the way to go. It provides you with a safe, easy, and efficient way to place wagers without the worry of falling prey to an illegitimate betting site.
Let’s face it, the marriage of cryptocurrency and sports betting is a booming industry. When it comes down to it, the reasons for its success are entirely valid. Using Bitcoin and similar cryptocurrencies allows you to protect your money and your identity. Betting sites also provide bountiful incentives for using e-currency, including bonuses, faster withdrawal/deposit rates, and more. Overall, the cryptocurrency craze in the sports betting industry is entirely justified, and likely here for the long haul.
image by Shutterstock