There is no need to share your credit card or bank account information, which automatically always puts your money at risk. This, again, will be useful if you live in a particularly strict country, surely, but it is also worth considering even if you happen to live in a very gambling friendly place. Given the fact that it is encrypted (hence the title ‘crypto’ currency), it makes all transactions anonymous, untraceable, and, therefore, much safer than using traditional currency. Bitcoin is also not taxed, so, everything that you earn is entirely yours and not beholden to anyone.Īnother reason you might wish to consider using bitcoin for your bets is because it is the safest form of currency in the world. This allows you the freedom to spend your money how you see fit, without having to answer to anyone. Bitcoin, firstly, is 100% decentralized, which means that the currency is not controlled in any way by a government entity or bank. There are many benefits to betting with bitcoin, especially if you want to place bets in countries that have strict laws against gambling.
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