You must be aware of Bitcoin Betting as it remains in the news. So here we want to let you know some of the reasons why you should think about using them to bet on electronic sports on the Internet.

Here are some of the most important reasons why you might want to use bitcoins.

1. Anonymity:

When using Bitcoin Casino, you do not have to create an account or give anyone your data for collections or payments. Instead, you use addresses composed of a long string of numbers and letters.

Each time a payment is processed, this address is registered in the blockchain, a kind of public record accessible to everyone.

This implies that if you sign up for a sports betting house that works exclusively in bitcoins which only accepts payments in this cryptocurrency, you can bet anonymously. Nobody will know that you bet on the Internet, nor will you have to provide your personal information to the betting house.

2. Quick payments:

Another advantage of using bitcoins in Bitcoin Betting is that payments are processed much more quickly than with traditional methods. The reason is quite simple: as we have said, bitcoins are a network currency between peers which means that you do not have to rely on third parties.

This reduces the deadlines to receive the payment to practically zero. Instead of waiting five to seven days for payment on a credit or debit card or check, or a couple of days for transfers by electronic purse, you may only wait an hour.

3. Deposit and bet larger amounts:

One of the risks that betting sites assume is that players have the option of reversing charges on their operations with debit or credit cards. Someone could play, lose their money and then reverse the charge.

Bitcoins avoid this problem because once you send your bitcoins to a user, you cannot undo the operation. The only way to recover them is for the user to whom you sent the cryptocurrency to return them.

4. Americans can bet without problems:

For Americans, Bitcoin Casino can be a big headache. The law known as UIGEA prohibits banks from processing payments to and from overseas gambling sites because bookmakers outside the United States do not operate under legal protection.

Bitcoins allow you to avoid all this. They have no government supervision which means that there is no one to tell you how you can or cannot spend your money. You also do not have to worry about payment processors or intermediary banks. In addition, payments are processed quickly.