Bitcoin continues to grow in the gambling world

Bitcoin continues to grow in the gambling world

The cryptocurrency Bitcoin has risen again above the mark of 40,000 US dollars and is approaching its record high. The bear market is over! Especially at the weekend, the fluctuations of the cyberdevise are high.

Another wave of buying in the cryptocurrency market: The digital currency Bitcoin has continued its price rally under strong fluctuations on Saturday and has risen above the round mark of 40,000 US dollars. This brings the record high of around 42,000 US dollars back into focus. A few days ago, Bitcoin had temporarily plunged below 30,000 US dollars. On the Luxembourg trading platform Bitstamp, Bitcoin was last quoted at 40,260 US dollars on Saturday. At the beginning of January, the cryptocurrency had reached its previous record high of just under 42,000 dollars. Since the beginning of the year, price fluctuations have been high, especially on weekends, as many cryptocurrency exchanges trade continuously.

Bitcoin’s “little brother,” the cryptocurrency Ethereum, also continued to gain. Ether had a record high of around $1740 on Thursday and rose just above the $1700 mark on Saturday. In the coming week, Ether futures are to be traded on the Chicago futures exchange, this supported the currency. In addition, numerous Bitcoin investors are switching to Ether or supplementing their crypto portfolio with it. Of all people, the richest man in the world, Tesla CEO Elon Musk, had reignited interest in Bitcoin with a tweet last week. The cryptocurrency rose by around 20 percent within minutes on Friday after Musk posted simply “#bitcoin” in his Twitter bio.

Cryptocurrency & Gambling

Cryptocurrency & GamblingMany entrepreneurs have decided to bring the world of cryptocurrencies and sports betting together, and so far the result has been positive. Due to the great popularity and boom that cryptocurrencies have had, especially Bitcoin (BTC); the first and most important of all; many entrepreneurs have decided to join the world of cryptocurrencies with the world of sports betting, and so far the result has been positive.

In the world of digital casinos, the use of Bitcoin and Ethereum; the first and second largest cryptocurrency in the universe respectively; as payment methods have begun to be standardized.

Cryptocurrencies and gambling go hand in hand

These crypto gambling houses are popularly called “Bitcoin Casinos” or “Crypto Casinos”. This is because already this sector believes that cryptocurrencies are not only changing the gambling world for the better, but it is also a product that will be part of the future of all mankind and will be incorporated in all sectors of society in the very near future.

However, these online casinos are not only attractive to people in the cryptocurrency world, but also to the general public, those who are not yet part of the Bitcoin universe. So the partnership between the two worlds has been a win-win for everyone. On the one hand we have cryptocurrency users gaining usability of their cryptos, on the other hand we have users who are experiencing for the first time the benefits of using Bitcoin as a payment method, and finally we have the teams behind these “Crypto Casinos” who also benefit from the low transaction costs and decentralization that cryptocurrencies bring.

What games can you play with Bitcoin and other cryptocurrencies?

When it comes to game selection, “Crypto Casinos” are not very different from physical casinos. The number and type of games offered at Bitcoin casinos inevitably vary from one casino to another.

In general, you can use your Bitcoins and other cryptocurrencies to play the most popular types of games, such as:

  • Slots
  • Roulette
  • BlackJack
  • Craps
  • Poker
  • Betting on sports results
  • And much more

Go now to bestbitcoinbetting.com, to find out which provider offers what kind of games.

Advantages of cryptocurrency betting

Bitcoin is becoming an increasingly popular deposit method for many sportsbooks like this one. Cryptocurrencies have many advantages over traditional payment currencies when it comes to casino deposit currency.

These advantages are:

  • Transaction speed
  • Low transaction cost
  • High user security
  • Protection of customer data

Traditional payment methods, such as credit card, debit card or even PayPal, which are used by “standard” casinos, are often associated with a specific person who can be easily recognized, and their data can be available to everyone.

Cryptocurrencies are different in this respect, which has led to the creation of anonymous casinos, although the number and functions of these casinos remain limited under current regulations.

Bitcoin is the king of sports betting

sports bettingBitcoin (BTC) is undoubtedly the most popular and well-known cryptocurrency within this effervescent sector, although it is worth noting that there are more than 5,500 different cryptocurrencies. Moreover, Bitcoin is not the only cryptocurrency accepted by bookmakers to bet on soccer leagues or certain games. Online casinos and sports betting shops approve several well-known and lesser-known cryptocurrencies.

Thus, the list of popular cryptocurrencies varies from casino to casino. Some only accept Bitcoin, other betting sites allow playing with multiple different cryptocurrencies, everything varies depending on customer demand. But without a doubt, BTC is the big dominator in this world.

Bitcoin and cryptocurrencies are becoming more and more part of our daily lives.

Unlike in 2009, when Bitcoin was created by Satoshi Nakamoto, today cryptocurrencies can be used to purchase a wide range of goods and services, from clothing and Coca Cola to real estate and luxury goods. And even several central banks around the world have set to work to have their own, such as Venezuela, China, Canada, Japan and even the European Union.

And as we see today, you can also bet your Bitcoin at many online bookmakers, but at your own risk. This is just one more sign that the adoption of Bitcoin continues its way, basically pushed by its better payment method than the traditional ones.

Self-Exclusion for Gambling Addicts

The Auditorium of the Provincial Institute of Gaming and Casinos (IPJyC) of the City of Mendoza, the Unique Registry of Self-Exclusions will be presented at the “Conference-workshop on responsible gaming. Analysis and praxis for its communicational approach”. This registry means a change of paradigm in the self-exclusion management model used so far by the institution. Suarez: “I found out from the newspapers that they were in Chile”. From its application, a single protocol will be used in which there will be an effective communication among all the wards of the province, both state and private, regarding the self-excluded.

In this way, the aim is to ensure that the customer who, of his own free will, requests not to enter a gaming room, is effectively guaranteed this request. But, besides this, this new model implies an opening of the Responsible Gaming program, since all self-excluded persons in the province will have access to assistance, accompaniment and treatment through the program. At the conference-workshop, health professionals will speak about pathological gambling, topics such as assistance, prevention and treatment, among others. In addition, there will be a workshop given by a social communicator. Its objective is to reorder from the communicational praxis the concepts related to the elaboration and treatment of messages about responsible gambling. The meeting is open to the general public and is free of charge. However, there is a quota, so it is recommended that those interested send an e-mail confirming their attendance.