Betting has been on the rise over the years, with many more people participating every day. While it started with bets with fiat money in some local physical sportsbooks, it has evolved into online cryptocurrency platforms which are getting more popular faster than the original ones can ever be. The following are five of the reasons why this trend is growing rapidly.
Crypto sportsbooks users can place bets from the privacy and comfort of their homes without revealing their identities. This is because cryptocurrencies are based on decentralized public blockchains that make transactions fully anonymous, as you don't have to provide any sensitive personal information to sign up.
While this started with Bitcoin, there are now many other cryptocurrencies that are created with privacy in mind. These are known as privacy coins, and some of them are now used for betting, further safeguarding the privacy of users of these platforms. This is likely to attract more people as time goes on.
Bonuses are part of many betting platforms. There are millions of people across the world who are curious about the cryptocurrency industry, but they are afraid to use their money to buy cryptos. Now, they stand a good chance of receiving some significant bonuses that could help them, such as Accumulator, Advancebet, Welcome Bonus etc.
Physical locations are a major hindrance when it comes to betting. This is why it is worth mentioning that crypto sportsbooks allow anyone and everyone from any part of the world to bet on any event or any team they want without any geographical restrictions. With crypto, deposits and withdrawals are completed in minutes as there is no need to wait for banks’ approval. This, of course, gives an edge over the others and is one of the reasons that crypto bookmakers are getting rapidly popular.
The government all over the world is always trying to participate in the activities of citizens. With cryptocurrency betting houses, however, users are completely safe due to the fact that they are fully anonymous. This makes it impossible to track their activities, and so they can safely carry out their transactions without any form of interference from the government or regulators.
Security is also a major issue for punters when they carry physical cash or other rewards. With crypto, rewards are withdrawn directly to users’ personal wallets with no middleman whatsoever. This makes it impossible for anyone to attack you or steal from you, as is the case with physical betting houses. It also keeps you safe, as your payment details, such as credit card number, cannot be traced back to you.
Cryptocurrencies have come a long way from highly controversial assets to viable money. Corporate mainstream organizations have recently been trooping to Bitcoin as an investment. Many people now consider cryptocurrencies as superior to fiat currencies, such as the U.S. Dollar, and they want a piece of it. Therefore, many punters are rushing to these crypto sportsbooks in order to win their stakes placed in cryptocurrencies, and this trend is not likely to slow down soon.
There has never been a better time for crypto betting to shine, and leading crypto website 1xBit is one of the best examples. All the advantages of crypto sportsbook enumerated above can be enjoyed on this platform, but also an online casino with more than 200 live dealers and over 5000 slot games. New users can get up to 7 BTC sign up bonus for the first 4 deposits, and there are more than 35 cryptocurrencies available to choose from, you can now use even fan tokens of the three most popular soccer clubs - Paris Saint-Germain, AS Roma and Juventus.
The platform is completely anonymous, as the simple registration process does not require any personal details. Users can also easily withdraw their rewards to their personal wallets without paying any fees.
If you have been contemplating on whether to place bets using crypto sportsbooks, it may be the best decision you ever made at this time to do so. If you sign up on 1xBit, you will enjoy the many benefits of using cryptocurrency and will get even more.