Top 5 Betting Sites that Accept Bitcoin

Are you looking for betting sites that accept Bitcoin? So you have come to the right place; We will list some of the best sports betting sites for you to bet on. All the sites we select accept Bitcoin deposits and withdrawals.

Deposits with Bitcoin at betting sites

Bitcoin is becoming increasingly popular, not only among nerds and IT professionals, but among ordinary people as well. There are even several physical and virtual stores that accept the world’s most famous cryptocurrency. And now this payment method comes with everything in the online bookmaker.

But Bitcoin’s biggest problem is its extremely high volatility, which means that the value of a Bitcoin is quite variable. That is, in addition to the inherent risks of betting, we still have the risk of Bitcoin’s rapid devaluation. So betting using Bitcoin requires more caution: betting sites that accept bitcoin.

Bookmakers that accept bitcoin:

All betting sites cited here operate legally with the permission of the competent authorities, such as the Malta Gaming Authority (MGA), and also in compliance with the international rules of responsible gambling. After all, nobody wants to place their bets and go out without their money. See our list of the best betting sites that accept Bitcoin:

 

 

 

 

 

1XBet is one of the largest bookmakers in Russia, and in addition to operating in the local market, it is growing in many countries around the world. The company is developing fairly quickly and may soon become one of the leading betting sites in the world.

As for the payment methods, the 1XBet is undoubtedly one of the bookmakers that offers a greater number of different options. There you can deposit and withdraw with Bitcoin and various other cryptocurrencies: Litecoin, Dogecoin, Dash, Ethereum, Monero, ZCash, GameCredits, NEM, Bytecoin, Sibcoin, DigiByte, Bitcoin Gold, Bitcoin Cash, Ethereum Classic, xGOx, BitShares.

What is bitcoin?

Bitcoin is a digital currency created in 2009 by mathematician Satoshi Nakamoto, designed in open source, which, unlike conventional currencies, does not need to have a centralized issuer due to its peer-to-peer concept that allows anyone to generate digital money . Its value is entirely based on the belief that Bitcoin has a certain value. Hoss Gifford of OneMethod Inc. explains that “unlike traditional currencies, it is not tied to any country or bank.” Learn more about Bitcoin on this website: https://bitcoin.org

Is it possible to make money with Bitcoin?

Yes, it is possible to earn money sustainably with Bitcoins, and the possibilities for this are as varied as possible: mining, which is becoming increasingly difficult and even unfeasible on a small scale. Another way is Trading, in the same way as it is done with stocks, and there are also sites and applications that distribute fragments of Bitcoins for free, yes totally free, only for the user to stay connected, playing, watching videos or simply browsing, but of course So the gains will be small.

And another way to earn money with Bitcoins, albeit indirectly, is to use the currency to deposit at sports betting sites. The advantage of this is to use a totally bureaucratic-free deposit method, and you still have the bonuses that bookmakers are offering for Bitcoin deposits.

But it is good to remember that when depositing with Bitcoin your risks increase due to the high volatility of the currency, so the profits obtained from sports trading can be detrimental when a sudden drop in the price of the virtual currency occurs. So the ideal is not to leave all your profit invested in Bitcoin.

What are the advantages of Bitcoin?

• Eficiencia: Money can be sent and received instantly, anywhere in the world, at any time, without a bank or intermediary.
• Low rates: Payments are processed without commissions or with very small fees.
• Privacy: Transactions do not contain personal information of users, offering greater protection against identity theft.
• Control: Users have full control of their transactions.
• Transparency: All the information of the transaction is available in the database.

What are the risks?

• Since the coin has no ballast, it is not based on something like gold or the Central Bank, nothing guarantees the value of Bitcoin.
• All transactions made through Bitcoin are publicly published, and the user’s identity remains anonymous, making it difficult to track down perpetrators in the event of theft.
• But according to the Bitcoin website, the most common vulnerability is user error. Like physical money stored in digital form, Bitcoin wallets that store private keys can be accidentally deleted, lost, or stolen.

Is Bitcoin safe?

Bitcoins are stored on blockchain, the public registry of Bitcoins. Your private key is effectively a means of identifying which parts of the blockchain you own. A wallet simply stores the digital credentials necessary to access your bitcoins from the public record to transfer them to someone else.

There are software wallets that allow you to keep your keys privately and online wallets that store your credentials. Each of them has relative benefits; Software wallets mean that you have your own keys on your own device, although your device may be broken or stolen, so backup is essential.

Online wallets store your keys in the cloud, which means that if you lose your phone or computer, you still have access to the keys. Of course, you must have trust in the provider and there is nothing to prevent someone from stealing from you directly. In a way, this is the same as storing your normal currency in an electronic wallet.

Treat a Bitcoin wallet like you would any other physical wallet. Keep only the money you plan to use. With Bitcoin, you are your own bank, the more funds you have stored, the more you can lose if you lose your keys.

In summary, we can say that Bitcoin is even more secure than any digital wallet that currently exists, and you will be able to use it peacefully in betting sites that accept Bitcoin.

Did you like the article on betting sites that accept bitcoin?

And that was our article on the best betting sites that accept bitcoin… If you know of another good betting site that didn’t make the list, leave it in the comments, as we’re always updating the post and including new options for betting on line .

In the same way, if you have criticism about what to do with any of these sites, share with us what we will evaluate and, if applicable, we will remove it from the list. And remember to come back soon because we are always re-evaluating the sites and adding new options, and see you soon!

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