Cryptocurrencies and online betting
Why is using cryptocurrencies a positive factor for the development of the online betting industry? Traditionally, online casinos and bookies incur high expenses. This is due to the fact that they have to keep on a large staff, who are mainly engaged in the prevention of all types of fraud, abound in this area. Due to the high fees on bank transfers, the total coefficients at online bookies are lower while customers are required to pay substantial commissions on deposits.
Cryptocurrency bookmakers and casinos have an obvious advantage here: without being involved in the traditional banking system, they do not pay exorbitant fees and don’t have to deal with such common type of frauds like a credit card chargeback. Therefore, they can offer their users higher rewards, faster deposit processing, and instant withdrawals. Additionally, since they don’t work with banks, they can avoid the complex and tedious process of user authorization without having to import passport or other document data into the system.
With that said, it’s no wonder why online betting in cryptocurrencies is becoming increasingly popular among sports fans. One of the most convenient and extensive sports-betting platforms is 1xBit, and they have already won the trust of several hundred thousand sports fans in the space.
1xBit’s recipe for success is clear — the rules (understandable to even the most novice player) can be read in a variety of languages, the number of sports for which bets are accepted is very impressive, and the registration process is incredibly simple – all these actions can be carried out with just a couple of clicks. There is no need to upload scans of identifying documents, wait for confirmation, or any of that other nonsense.
The platform recently announced the addition of a new coin, Verge (XVG). Besides that, BTC, LTC, DOGE, DASH, ETH, XMR, ZEC, GAME, NEM, BCN, SIB, DGB, BTG, BCH, ETC, BTS are accepted, so everyone will find the most suitable cryptocurrency for his goals here.
Verge is an open-source coin with multiplatform support that is rapidly gaining popularity among the cryptocurrency community. Verge is designed for everyday use by people who want to make transactions directly, without having an intermediary, while still maintaining their own anonymity. Verge aims to be what Bitcoin once conceived of.
The Verge network offers useful tools that help its users handle both large-scale transactions for sellers and small transactions for individuals. They take only 5-10 seconds to complete and costs 0.1 $XVG, saving a user up to 90% of the fiat transaction fees. As soon as payment is successfully completed, the transfer amount becomes available to your wallet, after which you can exchange it for fiat or any other cryptocurrencies.
The anonymity and speed of transactions make Verge the coin you’re looking for when placing your crypto bets. Due to the versatility and wide coverage of the 1xBit platform, sports fans can now spend less and earn more on their knowledge of sports games. Go on and try your good luck with 1xBit!