Cryptocurrencies are moving into every section of our lives, from online shopping to investments. Users can now move money safely, securely, and swiftly between their accounts, paying for items and receiving payment for goods. It’s often a much quicker way for vendors to complete an exchange. Security and reliability of cryptocurrency transfers mean the likes of Bitcoin lends itself perfectly to online betting.
The sports betting sector is popular across the world and continues to grow at an incredible rate. It is one of the fastest-growing industries on the planet and shows no signs of slowing down as more countries and regions move to legalize sportsbooks and casino gambling. Thanks to recent changes in the Canadian gambling laws and the movement beginning to gather pace across the United States, we see a sharp increase in the number of wagers placed every day.
Enjoy Home Comforts
Gamblers are no longer required to visit a land-based betting office or travel to a city casino. They can now wager on the likes of football, soccer, horse racing, tennis, and roulette from the comfort of their own home. Bets are placed using desktop computers and smartphone devices, paid for by transfers of cash using a debit card or e-wallet. It’s an exciting time to be a follower of sports and sports betting as the industry continues to move forward.
Online bettors can deposit cash to their gambling app with a single click using the likes of VISA, Mastercard, PayPal, Skrill, and Neteller. All deposits are instant, meaning you can add funds and place your bets without delay. That’s ideal if you are eager to get your stake down quickly before the start of a fixture or want to secure the best odds before the traders remove the value.
Withdrawing cashback to your account is slightly different. If you have enjoyed a good day betting and want to take your money and run, you won’t be in the mood to hang around. Perhaps you have landed a profit by betting on the NFL or a championship boxing match. You are delighted, having used your sporting knowledge to beat the bookies, but there’s a danger. With that winning feeling and the wind in your sails, another great bet may catch your eye.
Are you on a winning streak and ready to take the bookies for more? Perhaps, but it’s much more likely you could end up giving back all your profits and then some of your own cash on top of that. This is something many online bettors fall foul of, but it’s also easy to avoid. If you can withdraw your winnings before the temptation to place another bet sets in, you’ll thank yourself for it.
Bitcoin is Here to Save the Day
The problem with withdrawing funds from a gambling site or app is that it can take up to five business days to appear in your account. E-wallets withdrawals are advertised as less than 24 hours, with debit card withdrawals can take between three to five days. The speed of your transfer all depends on which e-wallet or bank you are using. Some are much quicker than others, while some can leave you counting down the days.
That’s where Bitcoin comes in to save the day. Not all bookies offer members the opportunity to withdraw in crypto, but it’s worth finding the sites that do. Bitcoin is having a major impact on online betting as it gives players instant access to their winnings. You can land a winning bet and withdraw the profits with a single click. You’ll then have what is due to you in your crypto account in seconds. It’s also viewed by many bettors as a great way to invest, withdrawing their sportsbook and casino winnings in Bitcoin and saving it, allowing it to grow as the value increases.
As any experienced online bettor will confess, there’s nothing guaranteed in the gambling industry. No way to beat the bookies and no strategy that ensures all your bets are profitable ones. But there is one thing you can rely on, and that’s Bitcoin is here to stay. The world’s most popular and valuable crypto will embed itself in the online gambling industry just as it has done with all other sectors in the business world.