How to find and choose the best bitcoin betting site
On the market of electronic payments, cryptocurrencies are gaining more and more popularity. This method hasn't been ignored by managers of gambling websites, as it's of interest to many players. In general, the number of players who choose bitcoin for betting is relatively small. However, now after the period of the rapid growth of crypto, interest in coins is steadily growing. In this article, we will cover the main aspects of bitcoin betting, explore the offers of the best bookmakers and help with choosing the best partner for BTC betting.
How to find and choose the best bitcoin betting site
Let's start with the most important question, and in this case, the proverb "look before you leap" fits perfectly. It's necessary to check, if not all, then at least the most important nuances of bitcoin betting sites evaluation. Here are some of them:
Odds;
Payout Guarantee;
Intuitive interface;
Safety;
Bonus offers;
Gifts and privileges;
Variety of sports;
Accepted cryptocurrencies;
Types of bets;
Technical support.
Odds and payouts
At first glance, everything is very simple with the first point - a bigger coefficient means more profit. Therefore, the site with higher odds is the best bitcoin betting site. However, don't forget that the promise of something exclusive is a favorite way of all kinds of scammers, and you shouldn't blindly follow the promise like this. It's very unpleasant to find out that no one is going to pay the tidy sum that has accumulated in the account.
It also happens, that the reason for non-payment is far-fetched or everything was planned from the very beginning. Luckily, it's easy to find information about such cases thanks to the comments of other bitcoin bettors. And the offices themselves, where they deceive people, don't live long. So, with careful selection, you'll avoid trouble.
Interface and security at BTC betting sites
The interface is the next most important parameter. In essence, this is your opportunity to interact with the bitcoin betting site. Buttons, links, tables, sections, menus, and everything that allows you to place bets, make deposits, analyze matches, and so on. If the interface is too complicated or too austere, then it might be worth choosing another option for bitcoin betting.
It's quite difficult to check the security of a site, but there are a few “bells and whistles” that can and should be noticed. For example, using the HTTP protocol instead of HTTPS has long been a bad sign.
Bonuses for bitcoin bettors
A good bonus quickly tips the scales in favor of a specific betting site. They can be quite large, so always check the gambling website for promotions and special offers. It's not uncommon to double your balance with a solid deposit bonus.
After that, you can see if the site offers other interesting features like a loyalty program. If you like it and keep betting on Bitcoin on the same resource all the time, it can be very profitable. And small gifts for all kinds of holidays are unlikely to seem superfluous.
Below is a list of the top bitcoin betting sites with best bonuses on the market today:
The next paragraphs can be skipped since they don't specifically relate to betting sites that accept bitcoins, but for all in general, so you are probably already familiar with them, and we'll move on to other features of crypto gambling sites.
What are the risks are in betting with Bitcoin?
The main disadvantage is the strong volatility of the bitcoin exchange rate. The risk is that if you win a decent amount of bitcoins and do not rush to withdraw them, they may depreciate in one day. On the other hand, equally, the gain can increase dramatically for the same reason for the volatility of bitcoin. Therefore, bettors usually do not delay with cryptocurrency winnings, but immediately withdraw them and convert them into more "calm" currencies, for example, Euros or Dollars.
Benefits of Bitcoin betting
Perhaps now you'll have a question, so why even bet in bitcoins? The answer is very simple, because there are too many advantages:
1. You don't have to verify your account before the deposit and/or the first withdrawal of funds. In other words, complete anonymity;
2. The speed of financial transactions. Due to blockchain technology, transactions are processed promptly, and coins are quickly credited to the game account;
3. Small transfer fees that don't lead to significant losses;
4. The absence of intermediaries in monetary transactions, what is contributing to increased security;
5. Acceptable deposit and withdrawal limits or their complete absence. It all depends on the bitcoin betting site;
6. Quick withdrawal of winnings. It doesn’t have to wait for several days, as is the case with bank cards.
7. For new bitcoin bettors will be a very useful option, the ability to make "small" bets.
Conclusions
Over the past few years, we have come across the opinions of some experts who believed that bitcoin is some kind of key to betting on special conditions. In fact, the procedure for betting with cryptocurrency is no different from using regular money. The only difference is in the deposit method itself, which depends on the currency. The value of the coin, the method of payment in BTC, and all other details are noted in the terms and conditions section on the betting site. So, before you deposit funds into your account, please read this document carefully.