The introduction of Bitcoin in 2009 has brought many wonderful features to the gambling industry. In addition, thanks to advances in Blockchain technology, gambling companies can easily integrate cryptocurrencies into its sports betting platform. Thus, it is no surprise that Bitcoin Sports Betting is becoming more popular every year.
In fact, several sports betting websites and casinos now accept cryptocurrencies as a form of payment. Furthermore, some sportsbooks only use Bitcoin and other cryptocurrencies as their only form of payment. Needless to say, Bitcoin Sports Betting is becoming more Popular as more and more companies are adopting it use.
Bitcoin and Ethereum Sports Betting is Ideal for Gambling
There are several reason why Bitcoin and Ethereum Sports Betting is Ideal for Gambling and for its rise in popularity. The first is because of anonymity since bettors like to keep a low profile about their gambling habits.
Besides, a ton of players lean toward keeping their credit card number off the grid for various security reasons. Thus, they often choose BTC sports wagering. In addition, transferring Bitcoin is anonymous, which means no one will know when you deposit or withdraw funds. Likewise, Blockchain sites regard your security and don’t request any personal data.
Another reason why Bitcoin Sports Betting is becoming more Popular is due to its low fees and conversion expense. In fact, when you deposit or withdraw using cryptocurrencies at an online sports betting website, there are no conversion fees. The transaction is almost instantaneous and the transfer fees are very small.
Today, gambling reports believe that 50% of Bitcoin transfers come from online gambling websites. Thus, as the popularity of cryptocurrency increase, Bitcoin sports betting platforms will also grow and possibly take over the market.
Want to bet on sports at a safe and reliable sportsbook? Then use KOBET, the best sportsbook in the world!