Bitcoin is the most sought-after crypto currency in the world. It is used in internet transactions, including sports betting. In this article you will find out how you can earn Bitcoins with a bookmaker.
Already, it should be noted that sports betting in crypto-currency in general is not prohibited. Bitcoin has been particularly used around the world since its inception in 2009. It was first used to buy two pizzas. At that time, 10,000 Bitcoins were worth a few euros, whereas today Bitcoin has really increased in value.
When it comes to sports betting, the use of Bitcoin is becoming more and more of a fad. There are several methods to buy Bitcoin to bet on a bookmaker. However, not all possibilities offer the same benefits. Here is a simple, accessible and low-commission method of buying Bitcoin at a bookmaker.
It is possible to buy Bitcoins as soon as you have 25 euros. The first step is therefore to check the identity of the site you turn to. Note in fact that while Bitcoin (and crypto currencies in general) is not yet regulated by proper legislation, this also means that there are risks of scams. Once you have checked and are sure of the identity of the site, you can proceed to payment either by credit card or bank transfer. This second method of payment has the advantage of costing you little in commissions, but the procedure is much longer than that of the bank card.
The Coinbase platform is known worldwide for cryptocurrency trading. It is a very safe and widely used platform for getting Bitcoins. It is therefore one of the platforms you can turn to for trading your Bitcoins.
Once on the platform (Coinbase for example), you need to create a personal account. The procedure is relatively simple and moreover, it will not take more than a few minutes. You need to fill in your personal information (name, first name, email address) and choose a secure password. That's it! You can exchange Bitcoins with peace of mind.
It must be said that there are not yet a large number of bookmakers in Bitcoins. However, the number of such sites is likely to increase further in the coming days. These sites have the advantage of allowing you to make faster and much more secure payments than if you used your bank card. The Blockchain network has already shown its effectiveness.
Admittedly, many people are still concerned about the safety of crypto and Bitcoin transactions. There are many reasons for this doubt, but Bitcoin is not in itself dangerous or illegal. So there is no need to worry if you want to bet in Bitcoins. Just make sure you are on reliable sites first. The risk comes from going to a platform that is not very credible or if you insert the recipient's address incorrectly during the exchange procedure. You must therefore be sufficiently vigilant because a mistake made is usually irreversible.