Cryptocurrencies are booming worldwide, but did you know that it is now possible to bet online with Bitcoin? Bookmakers around the world are moving with the times and accepting bets via the latest cryptos – and none more so than Bitcoin.
When it comes to cryptocurrencies, Bitcoin leads the way. It is the most popular globally, accepted in more locations than any other virtual currency and has made its way into the world on online betting sites.
Not every bookmaker accepts Bitcoin as a currency to deposit into betting accounts with, while the option to use cryptos to gamble with is not an option in all countries either. The UK, for example, has stricter regulations than other countries in Europe or beyond.
But depending on your location, you may well be able to use BTC to place bets with, as ewallets are becoming a hugely popular way to deposit. This is becoming more than just a fad or a trend, it has the feeling of being the future of online gambling.
Bookmakers have different methods of betting with crypto, from allowing you to bet directly via the currency or by converting the current value of Bitcoin, for example, into equivalent funds in a global currency like US dollars.
The list of bookmakers allowing you to make a deposit via Bitcoin, Litecoin, Dogecoin, Bytecoin, Ethereum and many more remains a niche selection of options, but it is growing incredibly fast as the industry moves with the times. But are they entirely legal?
All bookmakers worldwide are licenced by gambling commissions around the globe and need that licence to be able to trade. So, you can rest assured that your stockpile of cryptocurrency is not going to disappear without trace if you start using it to gamble with.
Well-known global brands like 1xbit offer bonus codes in conjunction with cryptos when funding an account, as do other similar betting sites like 1xBet, 1xBit and Melbet. While not available in all countries, they are leading the way when it comes to Bitcoin betting.
What makes it the fastest growing area of the online gambling space? The immediacy of deposits, fast withdrawals and no delays on payments to bookmakers or customers is a huge reason behind it.
As is the fact it is one of the newest industries to start accepting cryptocurrencies to use over bank payments and card purchases.
The online betting industry can often be accused of dragging heels and still trading in the past, but the emergence of brands offering the opportunity to bet in bitcoin and other cryptos is showing that the future has a different look to it when it comes to betting online.
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