If you’re unfamiliar with how to bet on the currency, one of the simplest ways is through using an online betting account at a mainstream bookmaker like Ladbrokes or Betfair. However, if you’d like to try your hand at profitability with this exciting new way to wager, then it’s worth exploring an alternative option – and that is by way of looking at how to bet on the bitcoin protocol. Although this is a relatively new market for the majority of punters, there are a growing number who have discovered that it’s a great place to place their bets for the purposes of making a profit, without relying on the traditional bookmakers.
One of the advantages of choosing to bet on the bitcoin network rather than the traditional money transfer method is that most of the processing speeds are much faster. There is no longer a need to wait around for the transaction to be processed through the payment networks, as this usually takes four to five working days. Withdrawals from most online betting sites are instant once they’ve been approved, and most bookmakers will accept transfers from anywhere in the world at any time of the day. The high speed of transactions has meant that many punters have realised that they can now turn their hobby into a potentially reliable second income stream.
hotgraph Another benefit of betting on the cryptocurrency is that most websites will automatically credit your account with whatever profits you make. Most traditional online casinos do not feature this facility, but some of the new ones are coming to the forefront every day. It’s not unusual to see a website offer 100% welcome bonuses when someone makes a deposit, and the same can be said of the bonuses given when you make a withdrawal. As long as you stay at the betting sites that issue these bonuses, you’ll receive your winnings automatically.
One of the features that the new virtual currency industry has added to its traditional cashier methods is what it calls “blockchain bonuses”. This basically means that you’re automatically given back a portion of your winning if you meet certain requirements. These include staying at the betting site for a certain amount of time and depositing funds into your account. Most traditional casinos do not feature this service, but the benefits that come from using it should not be understated.
A final consideration for people thinking about making an investment in the new currency trade is the issue of privacy. The typical betting site will keep your details private between you and the bookmaker, meaning that anyone else could access your details and potentially bet on your result. With a transaction handled through the proper software of the software, your details are kept confidential and secure between you and the bookmaker. Your chances of this happening are next to none.
With all the benefits that come from betting on the new virtual currency, it’s easy to see why people are flocking to it like crazy. The best part is that there are no bugs, hacks or other issues that commonly plague traditional bookmakers. Instead, it’s just a simple process with no hassles or complications. All transactions are processed by the third-party payment processor in a secure and confidential manner, making it easy for you to invest as you please. If you want to win at sports betting, then you owe it to yourself to give the new system a try!