Subscribe to Our Newsletter
Wednesday July 06, 2022
Bitcoin (BTC) $20,097.00   Ether (ETH) $1,134.54
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
CryptoNinjas
Home Gaming & Betting

Why Bitcoin and Betting is The Perfect Match

Published by CryptoNinjas.net
06/21/2022
Why Bitcoin and Betting is The Perfect Match

Online casinos may have been around for a while but that doesn’t mean that they aren’t subject to change and evolution. In order to stay ahead of the competition and keep up with customer demand, online casinos tend to make sure that they offer a range of the newest features. Over recent months this trend has been the introduction of Bitcoin and other digital currencies as an option to top-up accounts and withdraw any winnings.

People Like The Untraceable Element

Although there is nothing wrong with a gambling transaction appearing on a bank statement in countries where gambling is allowed, there are still many reasons why people would like to avoid them showing. For example, if someone is applying for a mortgage or a loan in the near future they as might want to ensure that betting transactions don’t appear on their bank statement. In this case, Bitcoin is the perfect option because it allows people to bet in the same way they usually would, but without the worry of the transaction showing in the traditional way. Things like Bitcoin betting and mobile betting are also popular in places such as South Africa, where gambling transactions are prohibited.

The Transaction is Secure

One thing that people want from using online casinos is the peace of mind that their transaction is safe and secure. Although using a licensed casino usually ticks all boxes, many people want extra peace of mind. By using Bitcoin to place your bets you’re able to do so without sharing your personal bank details, which helps to ensure that the transaction is as secure as possible.

It’s Fast

Over recent years one thing online casino users have benefited from is an instant transaction – which means they can use accounts as soon as they deposit and withdraw any winnings immediately to their bank account. Users would be reluctant to go back to a time when they need to wait 3-5 days for transactions to complete. Bitcoin allows for transactions to be instant, both in terms of depositing into a betting casino account and withdrawing any winnings.

It’s Cost-Effective

Much like any other eCommerce business, an online casino needs to ensure that it makes a profit each year. Although a big part of this is looking at what money the business brings in, it is also important to make sure that outgoings are as efficient as possible. Bitcoin transactions as a general rule are cheaper to process than a traditional currency, which means that if customers choose this way to use their account the casino makes more money. Not only is this good for business costs but it can also mean that the casino can pass these savings onto customers and offer more bonuses – which is great for generating more business.

When it comes to using Bitcoin and digital currency for spending at a casino it is a transaction that tends to work for both parties and that is why many people consider them the perfect match.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

KyberSwap DEX introduces new trading leaderboard feature

07/05/2022
KyberSwap DEX introduces new trading leaderboard feature

Kyber Network the multi-chain liquidity hub, today introduced its new Campaigns page complete with a brand new Trading Leaderboard, especially for KyberSwap Trading Contests. Kyber's flagship Decentralized Exchange (DEX), KyberSwap, provides the best available rates...

Read more

Professional crypto software suite 1Token adds support for Deribit derivatives

07/05/2022
Professional crypto software suite 1Token adds support for Derbit derivatives

Deribit, the popular bitcoin & crypto options exchange, announced today a new partnership with 1Token, a front-to-back office financial software for crypto institutions. 1Token is the all-in-one financial software for crypto institutions, supporting 20+...

Read more

Most consequential Cardano upgrade since smart contracts readying for launch

07/04/2022
Most consequential Cardano upgrade since smart contracts readying for launch

The Cardano blockchain platform has now successfully completed the first stage in its most significant update since it introduced smart contracts two years ago, bringing increased network capacity, richer applications, improved interoperability, and faster...

Read more

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT, a crypto derivatives & social trading platform, has now announced it has successfully launched new USDT spot trading pairs in the following markets: DAI/USDT, ADA/USDT, AVAX/USDT, LTC/USDT, FTT/USDT, LINK/USDT, and FTM/USDT. The crypto...

Read more
Load More
Leave Comment

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Cardano asset trading platform Tent integrates COTI stablecoin DJed

Cardano asset trading platform Tent integrates COTI stablecoin Djed

06/29/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
Router Protocol launches its modular cross-chain bridge: Voyager

Router Protocol launches its modular cross-chain bridge: Voyager

06/29/2022
Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

Asian crypto technology solutions firms ChainUp and HS88 team up to grow market

06/30/2022
KyberSwap DEX introduces new trading leaderboard feature

KyberSwap DEX introduces new trading leaderboard feature

07/05/2022
Professional crypto software suite 1Token adds support for Derbit derivatives

Professional crypto software suite 1Token adds support for Deribit derivatives

07/05/2022
Most consequential Cardano upgrade since smart contracts readying for launch

Most consequential Cardano upgrade since smart contracts readying for launch

07/04/2022
vlists new USDT-based spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

MoonXBT adds new USDT spot markets in DAI, ADA, AVAX,  LTC, FTT, LINK, and FTM

06/30/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy