The influence of bitcoins seems to be increasing. But what is it and are there also betting shops where you can make deposits with bitcoins, although the price of bitcoin sometimes fluctuates by 20% a day against the euro.
Bitcoin is a cryptocurrency that exists only in digital or virtual form, that is, it has no banknotes or coins. Strictly speaking, it is an encrypted block of data. Since you can also pay with bitcoins in many places on the Internet, the question is whether betting vendors allow bitcoins.
Deposit at betting shops with bitcoins
Understandably, the question arises as to whether sports betting and Bitcoin can also converge. For example, to make deposits with bitcoin sports betting. In a nutshell: there are betting shops that do this, but (for now) it is not possible to pay in bitcoins at betting shops, which means that bitcoin payments on sports betting are also not possible. On the one hand, this is due to the fact that the currency is not yet widespread and is also classified by many experts as a security risk due to its uncertain value. On the other hand, bitcoins provide a great deal of anonymity, which is difficult to reconcile with the strict rules and conditions of many betting providers.
Nevertheless, there are also reputable betting providers on the market that allow bitcoin deposits for sports betting. But then usually with proof of identity. The portal bitcoinbookies.net is a possible provider, but currently not available for customers from Germany or Austria, best bitcoin sports betting sites also allow bitcoin deposits.
Conclusion: Bitcoin deposit and withdrawal at betting shops
Bitcoin sports betting usually only mentions the payment method, i.e. how the money can be deposited or paid out. Betting on bitcoin rates, on the other hand, is almost never offered. Betting providers may offer at most one short-term special for bitcoin betting.There are already some betting shops that allow deposits and withdrawals using bitcoins, but most bookmakers have yet to include this payment method. Whether they will in the future depends a lot on how much Bitcoin establishes itself. Even if prices have risen in recent years, there are still many critical voices. However, it is possible that so-called cryptocurrencies in general will become more important in the future and will appear with betting providers accordingly.
You can also learn: Badminton betting and other types of betting with cryptocurrencies
