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Born as digital currency bitcoin is the perfect solution if you are online willing to join online sportsbook and casinos for several reasons.
As the nature of the currency, bitcoin is anonymous and while the transactions are open your identity is never needed. When you register to a online bitcoin sportsbook, unlike other online betting sites you do not need to provide information like a bank account, id, address and other private information. We only need an active e-mail to start your membership and a bitcoin address to send you back your withdrawals.
If you store it correctly BITCOIN is just one of the most secure currencies out there. As long as you keep your coins away from online wallets, protect your private keys with strong passwords, and keep the majority of your coins in cold storage, you do not have to worry about someone stealing your money. It is actually much more safer than your credit card which is the target of various phishing and social engineering schemes.
Even with the recent transactions delays from the BITCOIN blockchain size issue, bitcoin payments are incredibly fast. Most transactions get confirmed within minutes. Compare that to an ACH bank transfer, which can take up to 5 business days to complete. International Bank transfers can take a week or more to clear or even worse.
In addition to being faster than traditional online payments, BITCOIN is much cheaper. Bitcoin transfer fees are a fraction of the fees associated with bank transfers or credit card payments, which usually take big percentages out of your transfer as a service fee. Bitcoin sportsbook members get to keep more of their winnings when withdrawing from the website.
Bitcoin was born on the Internet and was made especially for online use. BITCOIN is the currency of the Internet. Therefore, this digital currency makes for a perfect solution for online gambling platforms. With digital age and a digital currency like Bitcoin, cumbersome institutions like credit card companies, banks, and payment processors are no longer necessary. Bitcoin eliminates the need for all those things, guaranteeing a high level of efficiency, and ease-of-use.