Do you realize just how many advantages there are to using Bitcoin at the sportsbook? Bitcoin is oftentimes in the news as an investment, but many people also use Bitcoin as a payment method at the online sportsbook.
Do you realize just how many advantages there are to using Bitcoin at the sportsbook? Bitcoin is oftentimes in the news as an investment, but many people also use Bitcoin as a payment method at the online sportsbook. Let’s look at what Bitcoin is and how it is a great payment method to use at the sportsbook.
Bitcoin Advantages at the Sportsbook
How often do you send or receive money at the online sportsbook? Have you been using Bitcoin to send and receive money? Before we get to the specific advantages to using Bitcoin at the sportsbook it is important to remember what Bitcoin is. It is simply an online currency, typically referred to as a cryptocurrency that can be used just like the dollar. Think of Bitcoin like an Internet currency. You can use it just like you would the dollar, euro, pound, peso, etc.
There is no question that the top advantage of using Bitcoin at the sportsbook is reliability. Have you ever used a credit card or done a wire or used a bank transfer to fund your sportsbook account? How often have you had problems with one of those methods? You don’t have that worry with Bitcoin. There is no government or bank that is going to get in the way of your transfer because Bitcoin is not controlled by any governing authority. Your Bitcoin payments or withdrawals are done through a blockchain and that means you have no worry of your transaction not going through.
I am guessing that at sometime in the past you probably have had difficulty with deposits or withdrawals. You won’t have the worries you had in the past if you are using Bitcoin because Bitcoin transactions go through, period. Your Bitcoin goes from your e-wallet to the sportsbook or from the sportsbook to your e-wallet.
Do you remember what a pain it was when you used a credit card to make a deposit or withdrawal at the sportsbook? Or do you remember when you did a wire or transfer? You had to provide your ID, utility bill, driver’s license, etc. It was a complete pain. You don’t have to do any of that when you are using Bitcoin. You simply provide your bitcoin address to transfer money. There is no customer service department to deal with and no worries about your transaction being tracked.
When you send or receive Bitcoin you know exactly what the fees are going to be and they are very low. Some sportsbooks don’t charge you anything when you make deposits or withdrawals using Bitcoin. That is not the case if you are using credit cards, wires or other transfers. The only fees you will have are from your Bitcoin wallet provider as you transfer your Bitcoin into dollars, known as miner’s fees and those fees are low.
How often have you been frustrated when you make a withdrawal request at the sportsbook? It can take a lot more time than it should to get your money out if you are not using Bitcoin. Keep in mind that the sportsbook has to deal with the credit card company or the wire transfer company or the bank to get your money to you. There is none of that when it is a Bitcoin transaction. They simply send Bitcoin to your Bitcoin address. It is much faster than all other payment methods.
Because sportsbooks have a much easier time using Bitcoin it only makes sense that they want customers to use Bitcoin as well. As an incentive for customers to use Bitcoin they oftentimes will offer Bitcoin bonuses. You can get a good bonus simply by making a deposit using Bitcoin. It is great to get free money simply for doing something that benefits you and that is the case when you use Bitcoin.
There is no question that there are a number of advantages to using Bitcoin at the online sportsbook. From reliability and anonymity, to low fees, speed and bonuses, there are plenty of advantages to using Bitcoin at the sportsbook.