How to bet with Bitcoin? You must be a Basketball Sports lover and now you want to try basketball betting on this sport using Bitcoin. Here we present you a short guide:
If you want to start, we recommend playing with Coinbet24.com. This is one of the popular and easy betting sites. Also, they offer mobile-friendly crypto gambling so you can bet on the go.
How to bet with Bitcoin?
Here are some simple steps you need to follow on CoinBet24.com:
1. Create an account that takes a few seconds.
2. Make a Bitcoin deposit that is available instantly.
3. Bet with Bitcoin on your favorite sports and match.
4. Withdraw your winning Bitcoins which is fast and secure.
Is it safe to bet with Bitcoin?
It is safe to bet with Bitcoin. As its definition indicates it is an encrypted currency. Neither banks nor bookmakers can know who is behind these accounts.
Today many bookmakers have indeed opened the doors to bitcoin as a method of payment.
Benefits of using Bitcoin:
Taxation: It is not recognized by any state as a currency for legal use, therefore you cannot claim any type of tax-related to this currency. As long as we do not convert it into real money, at this point each state operates under its laws.
Possibility to skip the limits: Bookmakers usually put limits on those players who win a lot of money. With Bitcoin, the anonymity of these people will always be maintained, so the bookmaker can hardly limit them.
Bet outside the borders: Many countries only let their game operators be available to the inhabitants of the country itself. With the Bitcoins, blockchain and a good VPN, we can impersonate a player from any country.
Privacy: Bookmakers will never know who is behind these accounts with which users simply charge and pay.