Join Our Mailing List
Saturday February 04, 2023
Bitcoin (BTC) $23,477.29   Ethereum (ETH) $1,680.44
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
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

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

Blocknative, a real-time Ethereum (ETH) infrastructure platform, has newly introduced features including transaction bundle send, cancellation, and replacement support for the Blocknative Builder. Searchers can now submit MEV bundles privately to the Blocknative Builder...

Read more

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Eventus, a provider of multi-asset class trade surveillance and market risk solutions, announced today that cryptocurrency derivatives exchange Deribit has chosen the firm’s Validus platform to provide market abuse monitoring on the exchange. Headquartered...

Read more

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of advantages...

Read more

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 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 - 2023 CryptoNinjas Disclosures | Privacy Policy