Are the sportsbook that accept Bitcoin regulated?

Posted by markwahl barg on February 21st, 2019

As many of you know the Bitcoin is one of the cryptocurrencies that has been in the "eye of the hurricane" regarding the businesses in which it is used. About 9 years ago the name Bitcoin was heard mainly in some forums or in the well-known deep web.

Bitcoin was the currency that was used to buy drugs, weapons, and other services in the now confiscated Silk Road and other websites of the same sector then went on to have participated in the web 2.0 to become a cryptocurrency that is traded up on Wall Street so of futures.

Previously of the Bitcoin, the players had to deposit by means of credit/debit cards having to pay up to 7% of commission for the deposit, another option was paying through operators such as Western Union which has high commissions besides not allowing large amounts of shipments.

Is the Bitcoin Sportsbook that accepts Bitcoin Regulated?

Of course, if you look in the footer of the website of the Bitcoin Betting house that you are interested in, you should find some kind of logo or information that indicates under which game license the house in question operates. This license indicates that the house is regulated and that it is reliable to bet on it. So it is always advisable to play only on Bitcoin Casino sites like Coinbet24.com.

Why bet with Bitcoin in houses that accept other methods of payment?

1. Privacy:

There are players who want to avoid other deposit and withdrawal methods since they do not want large amounts of money to reach their bank account. They prefer the privacy offered by Bitcoin operations.

2. Fewer commissions:

Transactions with Bitcoin always involve lesser commissions than those made with other payment methods.

3. Payment speed:

There are houses that only operate with two methods of payment and deposit: bank transfers and Bitcoin. If this is the case, the latter is much faster.

4. Less amount of personal information on the Internet:

If we operate with Bitcoin, we will not have to disclose our financial data to the bookmaker. Something that can prevent future dislikes, if these data are disseminated at some time.

5. Best bonuses:

Many of these houses offer more generous welcome bonuses than usual if your deposit method is Bitcoin.

6. Comfort:

If we have at our disposal Bitcoin or any other cryptocurrency, we may find it more convenient and interesting to use this payment method to bet.

Enjoy various Bitcoin Casino games on one of the leading and trusted Bitcoin Casino sites – Coinbet24.com.