Bitcoin Sports Betting Facts Every Bettor Should Know

So you’ve officially become a part of the crypto craze now? Then it may be worth your time to unravel these bitcoin facts you’ve been dying to know.

One of the major platforms that cryptocurrency elevated in the 21st century is the sports betting industry. It literally changed the game when it started to revolutionize various betting systems across the online spectrum, with various sportsbooks being birthed into the bitcoin realm and other books suddenly incorporating crypto into their system. You can’t blame it, with the benefits that bitcoin bring to the table, it’s hard not to join in on the worldwide trend that is bitcoin sports betting.

Whether you’re new or old to this betting innovation, check out this sports betting guide to know some bitcoin facts you might be missing on.

1. Yes, bitcoin betting is anonymous and safe. One of the notable features that bitcoin offers is that users don’t have to share any personal information when they engage in crypto transactions - raising eyebrows from many people. They say you just can’t be anonymous and safe at the same time. Bitcoin’s blockchain technology is impenetrable, so it’ll be hard for criminals and robbers to tamper with bitcoin transactions. Data breach is also the least of you concern, since no personal information is shared. 

2. You get to enter the same betting lines, probably even more. Just because a different type of currency is used, it doesn’t mean that it’s going to be different all the way. Many bettors fear that entering this new form of betting which is still growing will leave them with fewer options to bet. Bitcoin sportsbooks still offer the same and even more betting lines offered by other regular betting sites. 

3. Bitcoin is not at all hard to bet. With the soaring price of bitcoins in the market, many bettors are worried that they might be forced to bet their coins one-time bigtime and not have a lot of options when it comes to the amount they should be betting. It’s a good thing that many bitcoin sportsbooks like Nitrogen Sports allow their players to bet as low as 0.001 BTC so they can regulate their balances well.

4. Bitcoin travels at the speed of light. Well, this can be a little hyperbolic, but it’s true that bitcoin travels faster than other sorts of payment transactions. Bitcoin is decentralized, that’s why third party involvement in carrying out these payments are not needed. So if you need to place an immediate bet on the NFL or NBA, you can do it in a matter of seconds. Payouts from your winning bets also get credited into your online bitcoin wallet just as fast, so you’ll see bitcoin fund growing as you go.