Now Enjoy your Betting Games using Bitcoin!
Posted by markwahlbarg on March 6th, 2019
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Bitcoin sports betting as a payment method - all important facts at a glance:
The crypto-currency Bitcoin (BTC), is on everyone's lips. After the Internet currency has taken root in the area of some online casinos, the demand in the Bitcoin Sportsbook sector is also increasing: Many customers also want to be able to place bets on sports bets with the currency Bitcoin.
In fact, betting with bitcoin is already possible with some providers. Because: The Bitcoin has become usable for everyone through simple wallet solutions that can be purchased or created online. What you need to know about sports betting with Bitcoin before placing your first coins as wagers is available here.
The payment method Bitcoin explained in a simple and understandable way:
To explain the currency of Bitcoin is not so easy and hardly possible in a few words. Internet users have created the cryptocurrency Bitcoin for some time. The limited availability of bitcoins causes sometimes strong fluctuations in the bitcoin which is the equivalent of the cryptocurrency in US Dollars or any other currencies.
Bitcoins are stored or stored in so-called wallets, all of which have their own unique addresses, which, like an account number in banking, enable the sending and receiving of bitcoin amounts.
The Bitcoin transactions are processed and confirmed by the miners in so-called "blocks". Even if the sums are usually visible within seconds in the Wallets' own transaction history, the sums are only available after three confirmations of the network, the so-called "confirmations". The duration of a complete Bitcoin transfer with the mandatory confirmations depends largely on the activity in the blockchain.
Where and how can you buy bitcoins at all?
Of course, there are no bitcoins at the bank. If you want to buy bitcoins, you have to exchange them officially for real money. The current daily course applies. The course of bitcoin, however, is considered not very stable.
If you want to save money, you should strike at the lowest possible price and buy bitcoins. There are various platforms on the Internet where real money can be exchanged for bitcoins.
Important: You must have a software or online wallet to transfer the bitcoins and then save them, before they can be used in a second step, for example as part of a deposit with a bookmaker.
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