Betting is risky, yet this is an activity that you expect to result in profit. Otherwise, why would you start betting in the first place? When it comes to sports betting, you certainly assume that you are going to get a healthy amount of unsuccessful bets, but you main task is to actually achieve a larger count of the successful ones. This leads us to an idea that, most probably, a successful better would be holding quite a large sum of money on his betting account. Nevertheless, we also know that holding money can be risky, even when they are not used for gambling at all. In this article we will take a look at bitcoin betting and see why it is probably the best currency to be used for placing bets online.
No relation to the government
This is the main advantage of BTC as a currency and bitcoin betting as an activity. While a price of one currency may depend quite a lot on the country’s performance, bitcoin is a type of decentralized money that is not controlled by anyone but its users. This is why relying on bitcoin might be a very safe bet as its value tends to increase over time and is less likely to go down than most of the minor currencies.
Keeps your identity safe
Even though betting is fun and can result in profit, sometimes when a company knows you are into betting – you will have hard time obtaining an attractive credit line or even scoring a good job – this is where bitcoin betting gets helpful. When you use bitcoin as your depositing currency, nobody will ever find out that this is actually you who is placing the bets. This way your identity is protected.
Keeping your funds secure
Although it is often possible to get your identity protected by using some third party payment systems like PayPal, Skrill, Neteller or anything else, these services tend to be much less secure than bitcoins. In simple terms, if you do not trust your bitcoin wallet provider, you can just keep you money on your hard drive.
Conclusion
If you are located in a country that issues a minor currency, keeping your betting balance in your local currency may be quite risky. Accessing major currencies like EUR or USD may get expensive. When going for bitcoin betting you are benefiting from lower costs and risks, lack of identity verification and extended level of security.
