{"id":53,"date":"2019-10-03T14:00:47","date_gmt":"2019-10-03T14:00:47","guid":{"rendered":"https:\/\/sportbetting.ph\/?p=53"},"modified":"2021-10-25T13:45:56","modified_gmt":"2021-10-25T13:45:56","slug":"bitcoin","status":"publish","type":"post","link":"https:\/\/sportbetting.ph\/bitcoin\/","title":{"rendered":"Bitcoin - Changing the way You Complete Betting Payments"},"content":{"rendered":"\n

Bitcoin helped changed the online payment systems in 2009 through the initiative of Satoshi Nakamoto.  After releasing a research study following the devastating 2008 financial crisis, he put forward the idea of a new digital currency that would potentially change how businesses are run.  With this currency, you can complete transactions without working with a middle man. There are no institutions that control the transactions, the transfer and movement of BTC happen between and among peers.<\/p>\n\n\n\n

What to Expect from the Bitcoin Cryptocurrency?
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Unlike other payment methods, this cryptocurrency is both different and revolutionary. It\u2019s a type of cryptocurrency and kept using keys or a string of numbers and letters linked to an encryption algorithm. These \u2018keys\u2019 work like bank account numbers and you use it as an address to receive additional digital coins. A user will have a private key and this is used to complete transactions using the cryptocurrency.<\/p>\n\n\n\n

You can complete all transactions using a wallet, which more or less resembles a regular normal wallet. Before you can start payments, make sure that your Bitcoin wallet is filled up. And the good thing is that you can top-up the wallet in different ways. Its flexibility and privacy make it a popular alternative in online gambling and betting. When you use this currency to fund your account, you don\u2019t need to share your details. This is one reason why there are dozens of Bitcoin betting sites right now offer Bitcoin betting.<\/p>\n\n\n\n

How Do You Acquire BitCoin?<\/strong><\/h3>\n\n\n\n

To enjoy Bitcoin eSports betting or just send digital currencies online, you need to set up first your wallet. And after setting up your wallet and account, you need to acquire the coins that you can use in BTC betting. There are different ways on how you can collect and start your wallet. The most common approach is to accept BTC as payments for products and services. If you run an online business or offer services, you can request BTC as a form of payment.<\/p>\n\n\n\n

Another option is to purchase these coins at a BTC exchange. You can use your local currency to buy a BTC using the prevailing exchange rate. Also, these exchanges will allow you to swap BTC to PHP or any other currency. Watch out for the Bitcoin price hikes to get more value from the swap. Also, you can earn these coins through competitive mining. Once your account is ready and filled with coins, you can now sign up in BTC betting sites.<\/p>\n\n\n\n

The Benefits of Using Bitcoin for BTC sports betting<\/strong><\/h3>\n\n\n\n

The ability to buy merchandise anonymously is perhaps one of the currency\u2019s biggest selling points. It also has a unique structure you will not normally find in regular payment methods. When it comes to inter-border transactions, it is much cheaper since the money is not tied or subjected to any country\u2019s regulations. Presently, not too many crypto betting sites support this payment method to fund accounts. But the best Bitcoin sportsbooks that do support the facility offers customers with several benefits.<\/p>\n\n\n\n