Horse Racing

How Betting Sites May Help Bitcoin go Mainstream in 2021

Bitcoin is the most famous crypto currency, the one that everyone knows, regardless of how unfamiliar they might be with digital money. Embraced initially by tech savvy individuals and those who fancied speculative investments, it gained worldwide recognition just a few years ago. The sudden price drop also led to a dip in its popularity, but Bitcoin is making a resurgence. Betting sites could be the unexpected catalyst for growth in 2021 as online bookmakers have wholeheartedly embraced crypto currencies.

Fast, secure and inexpensive money transfers

Crypto currencies have promised right from the start to greatly reduce the financial burden on people who transfer money online. This is something that sports betting enthusiasts and casino players are particularly interested in, as they don’t want fees and commission eating into their profit margin. The top sports betting sites were quick to realize this design and edit crypto currencies on the list of accepted payment methods. Even those who still rely heavily on traditional money are keen on allowing them at least Bitcoin deposits.

Cutting down on transfer costs is a top priority, but punters would be unwilling to trade security and speed for this advantage. Bitcoin promises to be just as fast and far more private than many classic payment methods, which is a huge plus. Players can transfer large amounts quickly and predictably, not to mention that these money transfers will be shielded from scrutiny. Privacy was always important for crypto currency fans and it continues to be one of the most cherished virtues at online bookmakers.

When speaking about security, a license issued by a respectable regulatory body is just as important for online punters. The best betting sites offering Bitcoin as an acceptable payment method are licensed by the UK GC, MGA, Curaçao and other regulators. This adds another layer of trustworthiness and encourages players to sign up and make a deposit. This is particularly valuable for punters who reside in countries where gambling is illegal or not regulated, which erects unnecessary obstacles for players.

Bitcoin casinos offer provably fair games

In order to go mainstream in 2021, Bitcoin will need a larger number of betting sites and online casinos accepting these deposits. The good news is that most of the gambling operators offer both types of gambling under the same account. Crypto currency depositors who usually bet on sports can also play casino games and tap into the unique advantages of provably fair games. These do precisely what the name suggests and allow punters to check the fairness of the games themselves.

Instead of relying on a third party to confirm the trustworthiness of the games they play on real money, players can check it themselves. They determine the outcome of the game almost in real-time, which helps them rest assured that bad luck was the only one responsible for a loss. Bitcoin’s popularity has slumped in recent years but it is back on the rise and betting sites may help it go mainstream in 2021.

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