Bitcoin bookmakers

Bitcoin bookmakers

Bitcoin bookmakers are online bookmakers that allow you to register an account, fund it and place bets in the cryptocurrency bitcoin (bitcoin).

Bitcoin is the most popular decentralised electronic currency of the same name and has a peer-to-peer model. Bitcoins can be exchanged for real money and can be used to purchase products and services online, including gambling and sports betting.

Bitcoins are convenient for bettors primarily because transactions are instant and free of charge, and some bookmakers allow Bitcoin gambling without registration, which means that the customer remains anonymous.

The first online bookmakers handling bitcoins appeared in 2012. Although this currency can be found in a small number of traditional bookmakers, betting in it is mainly accepted by specialist bookmakers.

Gamblers are largely responsible for the popularity of bitcoins. In the wake of the prohibition and war against online casinos, online bookmakers and poker rooms in the US and some other developed countries, players began to look for alternatives to real money transfers to play online. When it became possible to exchange and cash out bitcoins, it became a way out of the situation.

There are now quite a few bookmakers accepting bitcoin bets. The most popular ones include Cloudbet, Nitrogen Sports, Jetwin, Betcoin Sports and AnoniBet. These bookmakers are registered in countries where bitcoins are legal or not illegal: e.g. UK, Curacao, Costa Rica. The product of bitcoin bookmakers is similar to traditional bookmakers.

Recently, the list of bookmakers that accept bitcoins has been expanded by well-known US-centric bookmakers such as 5Dimes, Island Casino, Sportbet, Bookmaker, BetDSI and BetCris. These bookmakers explain this decision by the huge number of requests from their users wishing to use bitcoins.