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Anonymity

Bitcoin transaction are discrete. Whilst you can see transaction linked to a wallet, you cannot associate that wallet with a personal identity making identification almost impossible.

Worldwide

Bitcoin is a universal currency and is accepted in any country without the need to exchange

Better odds

With no exchange or bank transaction fees the margins for gambling companies are smaller, meaning much better value for the bettor.

Provably fair

Bitcoin transactions are all kept on the ledger and it means betting is fairer than ever

Anonymity

Bitcoin is not truly anonymous as all transaction are recorded on a public ledger but the wallets can be located anywhere in the world and be owned by anyone. Where a bank would record this data, block transactions and possible inform the authorities, there is no-one to do this with bitcoin.

It is possible to find out who owns a wallet and subsequently what they have been doing with the money but who and where these transactions are cannot be deciphered from the block-chain alone, they must find your identity and link it to a transaction and trace back any wallets.

Some online bookmakers and Casino’s do not require you to sign up, with emails, usernames and passwords. If you do not use your name or address any investigation would struggle to identify you in these transactions.

Better Odds

Bookmakers, Casinos and Poker rooms all have a margin on their transactions. These costs are what they use to make profits and cover the costs incurred. Fiat betting companies have to pay the bank fees for deposits and withdrawals. They suffer charge-backs and fraudulent

When you place a bet on where there are only 2 outcomes, a perfectly fair system would give you odds of evens on both outcomes. Bookmakers cannot offer this as they need to make a profit, many of them take upwards of 6%. When you bet on multiples, they take 6% per leg, offering far lower odds than you might expect.

Bitcoin has lower fee’s, lower transaction risks, no physical security costs, and no transaction fees. This means any bitcoin bookmaker should be able to provide much fairer odds, generating you much more income on winning bets.

Worldwide Access

The world is run by hundres’s of governments and million’s of laws. Bookmakers and Casino’s struggle in this world of legislation and regulation. The licences one company operations under may only work in certain areas because it is not the correct licence for your jurisdiction. This can limit your betting as they will not accept currency from your bank.

Bitcoin is available worldwide and the wallet can be based anywhere. If you want to place a bet with your bookmaker when on holiday, Bitcoin will allow you to do this. It also means that if you want to be with a local bookmaker you don’t have to exchange your money first, allowing banks to take commission and offer poor exchange rates.

Provably fair

Provably fair technology is only available with cryptocurrency and adds a refreshing layer of transparency by verifying bet outcomes were correct and fair. Casinos send bet transactions via ‘hashes’ which are bits of data that are unbreakable. When the player makes the best  this Hash is accept and can be verified. There is no way that the Casino can change a winning bet or mess with the odds.

It eliminates the possibility of software providers cheating the player. Any operations that try to do so via other means will be quickly identified and weeded out. We’ve read our Bitcoin Casinos review, Bitcoin Poker review and Bitcoin Bookmaker reviews for the best operators in the industry.

Get Started

It’s likely that many of you reading this know exactly how bitcoin works, how to buy and move it. Some of you will be looking to move away from conventional bookmaker due to poor odds, poor service or having your accounts ‘limited’. This is a simple how to get started guide, with links to more detailed articles.

1.) Set up your Wallet

Like the wallet that is sat in your pocket or handbag, you need an online wallet to store your Bitcoin. Unlike the designer leather one that cost you a fortune Bitcoin wallets are free to create and use. When you start betting with Bitcoin your most likely to use a desktop wallet. There are other types of wallet out their, cover in our Bitcoin Wallet Guide. We currently recomend the Electrum wallet as it’s widely supported and easy to use. Download your Electrum wallet now.

Download Electrum Wallet

Like the wallet that is sat in your pocket or handbag, you need an online wallet to store your Bitcoin. Unlike the designer leather one that cost you a fortune Bitcoin wallets are free to create and use. When you start betting with Bitcoin your most likely to use a desktop wallet. There are other types of wallet out their, cover in our Bitcoin Wallet Guide. We currently recomend the Electrum wallet as it’s widely supported and easy to use. Download your Electrum wallet now.

2.) Buy your Bitcoins

The Bitcoins are currently being mined or are owned by other people and businesses. In order to get some of your own you need to purchase some. There are a number of ways to do this, much like buying foreign currency from the travel agents or post office. The simplest and easiest way is to use a reputable company like Coinbase.

It takes 5 simple steps to create an account, confirm your phone number and ID, make a payment and receive your bitcoins. These extra identifications are exactly the same as those required to buy foreign currency and you shouldn’t be put off by the request. As Bitcoin transactions are final, they must do their utmost to protect themselves against fraudulent transactions.

These coins will be held in your Digital Coinbase wallet and you should proceed to send them to the receiving address of your desktop wallet. It may sound complicated but it’s exactly the same as withdrawing funds from your betting account to your bank account.

Buy Bitcoins at Coinbase

3.) Select your Bitcoin Casino or Bitcoin Bookmaker

You’ve got funds in your wallet and you want to place a bet. Maybe you fancy placing a bet on the football, maybe it’s a game of blackjack or a hand of poker. Whatever you want to bet on we have the information you need.

Operators have been providing Bitcoin betting services since the currencies inception in 2009. Many are now licenced websites rivaling those main stream providers you are used to. With the laws and regulations struggling to keep pace with this ever expanding market care must be taken to use the best operators to ensure you get the best odds, service and user experience. We’ve reviewed the best operators out there so read our Bitcoin Casino and Bitcoin Bookmaker reviews to make an informed decision.

Bitcoin Casinos review
Bitcoin Bookmaker reviews