Cryptocurrency is quickly gaining worldwide adoption but one of the sectors where it’s already taken flight is with online gaming. The sports betting community has long understood and been friendly to Bitcoin but now the rest of the world is catching up.
If you’re someone who likes to bet online – whether it’s in the sportsbook or the casino – and have never used cryptocurrencies as a banking method, we’re going to run you through why this banking method is such a big win for players. Don’t be surprised if you never go back to using the traditional methods after this.
Big Bonuses
The best reason to use Bitcoin is that most sportsbooks and casinos will give you huge bonuses for choosing this method. For example, if a sportsbook offers a 50% deposit bonus for cash, they might offer a 100% deposit bonus if you’re willing to use Bitcoin as your deposit method. As they say, money talks, so you’re always better off getting more of it.
The main reason why sportsbooks and casinos like Bitcoin gambling are because the fees are much smaller for them than some of the other banking methods. Bank wires are expenses, Western Union and MoneyGram have big fees and even e-wallets take a nice chunk. Using something like Bitcoin allows them to save big-time on the fees, which they then pass down to you.
At the same time, you can also save on fees when you’re depositing and withdrawing with Bitcoin. Something like a cheque might cost you $25 or $50 in some places but Bitcoin withdrawals are usually free.
Everyone saves with crypto deposits and you – as a customer – get to benefit a bigger casino bonus. That’s why crypto makes sense as a banking method.