Why Use BitCoin For Online Gambling

The popularity attached to betting with Bitcoin continues its upwards trajectory. More and more betting sites are leaning towards Bitcoin as it is a more efficient form of doing business for them, and they can therefore pass the savings onto their customers in the form of bonuses for first-time depositors.

With Bitcoin, processing speeds are increased, and that is one huge thing I look for in a Bitcoin betting site. I want to make sure that you can withdraw funds in an extremely timely manner. I can also identify sites that provide bonuses for first time depositors that deposit with Bitcoin. Again, the use of Bitcoin is cheaper way for betting sites to do business, so they have no problem passing some of those cost-savings along to new users.

Betting sites that provide efficient processing speeds and pass on Bitcoin bonuses to new users are the ones you want to use when betting with Bitcoin. That said, you may find some sites offers more competitive odds or are more favorable to say, the NBA, than others. Depending on your betting needs, there may be a site you feel works better for you.

Most of these sites are extremely competitive with their odds on a wide-range of sports, and most also offer processing speeds that dwarf those of traditional cashier methods.

This site has, what I feel, the best BitCoin sites and you should settle on the one that works best for you!

Pros and Cons using BitCoin:

Pros:
Cheaper Fees

It costs a few percentage points to purchase Bitcoin and convert is back into fiat currency (such as dollars), however once that transaction takes place there are minimal fees involved with Bitcoin. The best part about this is when you withdraw Bitcoin from betting sites, the vast majority of them charge no fees in relation to this transaction. At the end of the day, this means more dollars in your pocket and less of your winning being taken back and therefore hindering your bottom-line.
Efficiency and Safety of Deposits
Bitcoin also presents a notable advantage when it comes to processing speeds. Instant withdrawals are not uncommon among the best Bitcoin betting sites while others can be processed within a matter of hours. These processing speeds are simply unheard of with traditional cashier methods and is what a great deal of online sports bettors have been craving for years.

Cons:
Price Volatility

Although it’s been a great overall investment in recent years, the value of Bitcoin fluctuates daily. Like the stock market, the value of your Bitcoin can be prone to short or long-term fluctuations, both



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