Bitcoin Betting – Good Sites Accept Bitcoin
Do you want to transfer bitcoins directly to a betting site without going through a bank? It’s possible, and lots of people do it. Transfer the winnings to your bank, not the bitcoin!
Bitcoin betting is gaining support – several countries are even regulating flows from wallets to online betting sites. We see this as a sign that bitcoin transactions are getting more normal – only if lots of people transact this way will it ever gain popularity.
If you have bitcoins in your wallet, you will find sites that accept bitcoin. This normally means that the site needs to be based in a jurisdiction that favors bitcoin – thankfuly quite a few do.
You will probably want to bet with a site that accepts bitcoin, and is not required to report bitcoin transactions to regulatory commissions. In Africa, the choices are wide and most online betting sites do not report incoming flows. Of course, you will need to do so yourself.
Bitcoin Betting FAQ
What are your criteria for Bitcoin betting sites
A betting site is as good as it is – the fact that it accepts bitcoin is actually secondary in ranking, but vital for it to make the list.
Why are betters using bitcoin?
Bitcoin is gaining popularity everywhere, and gaming is not missing the beat. The online gaming industry was very quick to adopt bitcoin. Here are a few of the reasons bitcoin gaming is popular:
– Bitcoin maximizes privacy, as bitcoin transactions will not appear in your bank statement
– Bitcoin fees are lower than they used to be
– Bitcoin bonuses do not keep track of the bitcoin price – which means you can earn larger maximum bonuses by depositing bitcoin than euros, dollars or naira.
Why do people avoid depositing bitcoin into gaming sites?
– Many people do not want to leave a trace to the real (bank statement) world.
– Holding bitcoin is in itself a gamble, as the price fluctuates quite a lot.
Can I get paid in bitcoin?
Yes, some sites do keep bitcoin accounts (vs only accepting bitcoin).
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Your Guide to Choosing the Best Betting Sites in Lagos
If you know Liverpool will beat Arsenal, that’s great. But you can earn a lot more by simply choosing the best bookmaker – the one with the best odds. Betting with Betbonanza will give you highly competitive odds!
Almost all sports betting shops offer free giveaways for new accounts. They give away money – but they will throw you out if you earn too much money (they will pay you, but they will also close your account). But keep in mind – online brokers usually offer better odds than offline brokers.