What Bitcoin Sites Accept Payments From Betting Sites?

Bitcoins are a popular choice amongst online bettors who want to wager on the outcome of sporting events, major concerts and political elections. However, since all transactions conducted using the cryptocurrency are public, online casino operators who accept Bitcoin should be aware of which types of betting sites they are able to deal with when settling transactions. In this article, we will discuss the various methods that sportsbooks, gambling sites and other online platforms use to accept Bitcoin payments.

Sportsbooks And Online Casinos Are Two Different Matters

It is essential for online sportsbooks to be mindful of which types of betting sites they are operating with, otherwise, they might find themselves banned from use by major sports leagues. The key difference between online sportsbooks and casinos is that the latter are operated by licensed operators who must adhere to strict regulatory guidelines. When it comes to Bitcoin, all transactions are public and therefore, all operators must be prepared to deal with the scrutiny that comes with being a part of the crypto community.

Payments Through Skrill, EgoPay And Neosurf

One of the most popular Bitcoin wallets used by online gambling operations and sportsbooks alike is CoinWallet. The mobile application allows users to store, send and receive payments in a smooth and secure manner. The most prominent feature of the CoinWallet platform is that it supports multiple types of cryptocurrency wallets, including the Ledger Nano S. This small hardware wallet can store thousands of different coins, making it a popular choice amongst users who want to keep their cryptocurrency assets safe. In addition, the CoinWallet app and website both support the “send to” feature, which facilitates peer-to-peer payments between users. For instance, if Alice wants to transfer funds to Bob, all she needs to do is enter his email address, select the coin she wants to send and confirm the transaction. The beauty of this system is that neither party needs to go through a financial institution, as all transactions are handled directly between the two parties.

Where Do I Even Start?

Nowadays, there are dozens of different types of Bitcoin wallet platforms available, each with their unique features. Some of the more well-known and established wallets include:

  • Coin Wallet
  • My Wallet
  • Jaxx Wallet
  • Green Address Wallet
  • Multi Signature Wallet
  • Electrum Wallet
  • Sphincast Wallet
  • Xapo Wallet
  • Qtum Wallet

Since all transactions conducted using Bitcoin are public, it is essential for sportsbooks and other online gambling operators to know which types of wallets their customers are using. Moreover, it is important to be aware of how each wallet platform functions, because this will influence what equipment each operator needs to have in order to process the transactions. The best way to find out which types of Bitcoin wallets operate in your niche is by exploring the various resources available online. It is also crucial for online gambling and crypto operations to stay abreast of the most recent news articles, as well as those which are trending topics. Doing so will allow operators to keep up with all manner of developments and changes which might affect their business. If you’re looking for a one stop shop where you can find all the information you need about Bitcoin and other types of cryptocurrencies, including the latest news, then you should check out coindesk.com. The site provides users with all the information they need to get started with digital currencies, as well as those interested in learning more about them. Alternatively, you could visit Blockchain.com, otherwise known as “the mothership” of all things crypto. Here, you will find all the necessary information about Bitcoin and other types of cryptocurrencies, as well as those looking to get involved in the industry. For those seeking to enter the world of Bitcoin, Blockchain.com has a whole section devoted to getting started. Moreover, if you are looking for a specific question regarding Bitcoin, you could use one of their community-based Q&As (quora answers). Just remember, since all transactions conducted using Bitcoin are public, answering questions on Quora might expose your operation to unnecessary scrutiny. Lastly, if you are looking for a reliable, affordable source of Bitcoin wallets, do not hesitate to check out this list of recommended wallet platforms, which have all been thoroughly tested by experts and users alike.