When it comes to best betting sites online, regardless of which bookmaker you choose and the reputation they have, you are trusting them with a lot of personal information. Alongside giving them your name and address, you are also giving them your payment details, something that you should guard as closely as possible to prevent theft.
While ever they have this, you are potentially at risk as there is always the chance that their security will be breached by someone trying to steal details. We often don’t think and realise what we give our bookmaker, but one way to cut down on the information we give is to change your payment method to something that is as secure as it can possibly be, and that method is Bitcoin.
Bitcoin is the payment method specifically designed to be used online. You can remain anonymous when using Bitcoin, you don’t have to pass on any of your details and with the details of your Bitcoin wallet pretty much useless, after you have used it once, anything that your bookmaker does have is worthless to anyone trying to steal the information.
It is thanks to the additional security around Bitcoin payments that crypto sports betting has become so popular with players. We all want to have fun and enjoy betting, not spend our time worrying about our funds and if our details are safe. Bitcoin offers us the chance to do that, it is a highly specialised and takes care of your security needs, allowing you the chance to focus on and enjoy what we all want to, which is placing sports bets.
A transaction of funds through Bitcoin is simple and easy to do. All you need from your bookmaker is their Bitcoin wallet, where you will send your funds to top up your account. Then if you have funds to withdraw after a win, you simply tell them your Bitcoin wallet and they will send the funds to that, something which can be done in a very fast time with no hold-ups or delays.
Fast Withdrawal Speeds Using Bitcoin
The other big benefit to crypto sports betting is the fast Bitcoin withdrawal speeds you can take advantage of. A Bitcoin transfer between yourself and your bookmaker can be lightning-fast and the reason for that is because there is no one else involved. A withdrawal via your bank, for example, requires the bookmaker’s bank and your bank to approve the transaction in the middle, whereas you don’t need any of that with Bitcoin.
The only thing you have to wait for is your bookmaker to approve the transaction and send it to your wallet. As soon as they have done that, you will receive your funds from them, making this not only the most secure way to deposit and withdraw funds with your bookmaker but also the quickest as every other payment method requires outside companies whether this is banks or something else, to approve.Updated Date: 16 October 2019, 19:48