Bitcoin Bookmakers

Everybody is talking about bitcoin. This is even not money. This is just a piece of code, software, that is used as money. Somebody called Satoshi Nakamoto released it in 2009. Come on, we even don’t know who this Nakamoto is. We even don’t know if this is a real name, a nickname, or maybe it is a group of people? Maybe it is all important, but we are interested in bitcoin as far as there are bitcoin bookmakers.

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For 15 years and with more than 4.5 million registered customers, bet-at-home became one of the most successful online betting providers in Europe. It provides a wide range of products in sports betting, live betting, casino games and live casino.

Bitcoin Details

The main thing since bitcoin creation is that this currency has made an amazing way. Now, it is the most popular crypto-coin in the world. And it is the most expensive currency, as well. So, many companies now integrate this currency as one of the money kinds to work with. When it comes to bookmakers, there are very few that work with it.

Can we really trust bitcoin bookmakers? And what about payouts in these mysterious coins? Do these betting houses exist at all?

Yes, there are. Many enterprises are ok with the most popular crypto as if it were fiat money. Would you place a bet with such a bookmaker? If such bookmaker is reliable enough?

As you can guess, there are several alternatives of course. In the very end, you can select fiat money. Or you might prefer any currency, supported by your bookmaker (see table below). There are many more, but these are the most reliable. Does your bitcoin bookmaker support these crypto-currencies? That is perfect, you can select any of them.

Bitcoin Alternatives

The Pros and Cons of Bitcoin

As we have said, this crypto-coin is the most reliable cryptocurrency. That is why it is the most expensive. Do you know how much one coin is? It costs just a lot! That looks like a perfect currency to work with, doesn’t it?

Moreover, bitcoin offers you complete anonymity. Nobody will know who your coins belong to. They will see just the transaction in the blockchain, and that’s it. You don’t have to provide sensitive financial information. Again, this crypto-money looks like a perfect currency, doesn’t it?

However, don’t hurry to make your judgements. Not all is that simple. Bitcoin is very volatile. Its price can surge within seconds. As well, it can drop for some thousands of USD in some seconds. You might be wondering if it is possible to forecasts these changes? Well, you can make guesses if you know the market very well, but those are just guesses. In the case with any crypto, standard factors don’t work. This is the main disadvantage of this cryptocurrency.

However, there is one detail that you should know. There are two kinds of bitcoin bookmakers:

  • Those that work with crypto only
  • Those that work both with crypto-money and fiat money

If you bet with the first category, there is no need to worry about such thing as volatility. Just make a deposit, place bets and wait for results. You deposit your coins and you get them if you win.

However, if you bet with the second category, you should be super careful. Such bookmaker will convert your crypto-coins into fiat money. If the crypto-coin price drops, you will lose a huge sum just because of the conversion rate. Hence, with the bitcoin bookmakers, that work with real money you are risking twice: while betting and while letting your crypto-currency be exchanged to fiat money. And you win nothing if the crypto-coin price surges: your crypto-coins are converted to fiat money.

Pros

  • complete anonymity and security due to blockchain technology
  • no intermediaries
  • increasing winnings with bitcoin appreciation

Cons

  • very volatile currency

Bitcoin Bookmakers FAQs

How do these bookmakers work then? Are there any differences from usual betting houses? Some questions and responses you can find here.

Are bitcoin bookmakers safe?

Bookmakers have different safety requirements. Supported currencies do not belong to them.

Are there territorial restrictions?

There are absolutely no territorial restrictions. When you make a transaction, it is registered in the blockchain and encrypted. Nobody could track it back to you. All they see is just the transaction number.

How fast a bitcoin transaction be made?

It takes time to make a transaction in this coin. It should be saved and confirmed on several servers. The confirmation time depends on many factors including the sum that you transfer. The higher the sum is, the more chances you have to get it confirmed fast.

Bitcoin bookmakers are not so rare nowadays. Many people believe, that they can win a fortune if they make a deposit in bitcoin. However, you should know, that all depends on luck. Bitcoin has very big advantages and very significant drawbacks, so, only you decide, what is better for you.