BitCoin is a new digital currency which allows peer-to-peer payments to take place over the internet. The only difference between paying with BitCoin and gambling using the regular government issued currency is the speed at which the payments are processed as well as the payment options. Think of it like buying a product in a shop or a cash only market instead of using your debit or credit card to pay for it.
There are many benefits of using BTC compared to regular FIAT currencies. To start with, the withdrawals and deposits are nearly free. BitCoin gambling sites may ask for a small nominal processing fee which is much lower compared to the charges demanded by major credit and debit card companies when you pay using the cards.
Additionally, using BitCoin is very safe, charge-backs are impossible and the speed of processing the payment is much safer and faster. Lastly, there is no incriminating paper trail. This system is also very transparent, a player can easily trace where the payments are coming from but you cannot see the personal data which leaves your privacy and security intact.
Is This Safe?
Bitcoin revolves around a lot of problems that surround online gambling. This is mostly due to the personal information that one has to provide when signing up. However, when using this payment solution, everything is completely anonymous and it allows making withdrawals and deposits of any size easily and quickly. BitCoin also opens doors to fair gaming which ensures that the casino does not attempt to cheat the players by rigging games.
Similar to other online casinos, there are a wide variety of games at most sites accepting this payment method. In fact, some of the big game development companies, like MicroGaming and NetEnt, have recently came on board and are now offering their games at a select few BitCoin casino sites.
You can also play the massively popular live dealer casino games like BlackJack, Baccarat, Roulette, Dice and even a few variations of lottery games.
Betting Sports With BitCoin
If you are a sport enthusiast, then sports betting is the way to go. Through Bitcoin, you can bet on your favorite sport games without worrying about the federal government coming after you for violating any laws, as Bitcoins are legal to use. You can bet on various sports, similarly as it is at regular FIAT money betting sites.
Basketball is popular worldwide, but especially in the US and BitCoin allows American bettors to place a wager on their favorite NBA or NCAA teams. Of course, other events and leagues are available too.
Tips for a profitable basketball betting
· Know the players of your team and gauge their individual skills
· Note the key players and those with injuries
· Do not bet on your favorite team as you can lose if your decision is driven by emotions
· Bet a little later in the game
· Update yourself on the basketball teams as well as their performance before the game.
Soccer, as it is called in the United States, is also popular worldwide with European and South American teams dominated national competitions. When it comes to specific cups and leagues, most people eagerly await a chance to wager on the World Cup, Euro Cup or finals of the Champions League, which is Europe’s most prestigious competition.
American Football Betting
The Super Bowl of 2015 got over 250 million views, making it one of the most watched sports events in history of television. Just like people are inclined to watch the games, many are also looking for a chance to bet on them in a safe environment. With BitCoin You can do exactly that, as most sportsbooks offer a selection of NFL and NCAA lines.
Best BitCoin Gambling Site
mBit Casino is the best place to gamble with BitCoin. It is an online casino which also offers both live betting and normal sports betting. Several thousand betting markets are available daily and it is easy and quick to get started with the site.
One requires an email address, a password and the date of birth to create an account before playing. After providing the information, a confirmation email is sent to the provided email address where you should click on the provided link to activate the account then start playing.
mBit Casino offers many sports in a variety of markets. You’ll be able to bet on Tennis, Basketball, Soccer, Football, Handball, Motorsports and many more.
All the above categories are available in both pre-game and live betting format which ensures that they are accessible at all times. In addition to this, mBit list down all the upcoming events showing their time as well as any other important data. This helps to make picking of events easy.
Deposits happen instantly and they can be done through a deposit address or through a QR code within the information page of the user. For security reasons, one can create a new deposit addresses which makes following of BitCoin path difficult.
Withdrawals on the other hand are not automatic and a fee of 0.0001 is required. Withdrawals can take up to 24 hours to complete.
mBitCasino.com is currently offering a 110% bonus on your first deposit and this is instantly added to your bankroll when you make your deposit.