Best Bookies accepting Bitcoin

The popularity of Bitcoin as a payment option is increasing day by day. Millions of investors and users are adopting the use of Bitcoin in paying for goods and services. The use of this payment option in esport betting, therefore, depends on this growing popularity.

The Bitcoin network came into existence on January 3, 2009. Nakamoto Satoshi mined the first block of bitcoin on this date, which was worth 50 bitcoins. Since then, the use of Bitcoin has expanded, and quite a number of people and business organizations have become interested in it as a payment option.

With the company located in the United States, the use of Bitcoin as a payment option is more popular in the US than it is in any other country in the world. Its popularity in the US could be linked to several factors apart from the physical proximity to the location of Bitcoin companies, something that increases the level of trust.

The high-level security offered by Bitcoin, lower transaction costs, and faster transactions are some of the reasons why Bitcoins are steadily becoming popular among people. Its use in esport betting will not only enhance its popularity but put also offer convenience to users who already prefer it as a payment option.

Withdrawing Bitcoins from an online casino follows four basic steps, which are easy for any user to master. The first step involves the user navigating to the cashier page of the online casino of their choice. An individual has to take this step once they are ready to make the withdrawal from the specified casino.

At the casino’s cashier page, there is a wide range of payment options for the withdrawals made, Bitcoin being one of them. The second step involves the user selecting Bitcoin as the preferred withdrawal option. After this step, the system leads one to the next two system-guide steps.

The third step is to generate the individual’s address. This step is followed by checking the address to ensure that it is the correct one. The fourth and last step is to authorize the withdrawal. This step occurs upon verifying the address generated is accurate. It is also possible to withdraw from the provider, something that enhances the user’s convenience.

As is the case with deposits, daily withdrawal limits seek to encourage response gaming among players. Users set the withdrawal limits, which the providers effect immediately. In addition to withdrawals at the providers, it is also possible to make mobile withdrawals, which also further enhance the convenience enjoyed by players in accessing their money.

Using Bitcoin to make payments requires one to have a Bitcoin account, which can be established through three steps. The first is to down the Coinomi using a smartphone. For those using iOS smartphones, they will search for the Coinomi on the App Store, while those using Android smartphones will search for it on the Google Play store.

The second step after downloading Coinomi involves writing down the recovery phrase. This is a 24-words phrase, which is unique for every individual. After writing down the recovery phrase, the third step is to set a password.

A good and strong password should have a minimum of eight characters. The characters should include numbers, letters, and special characters. The letters should be both upper and lower cases. Once the password has been set, one can be able to add the Bitcoins to the wallet using the receiving address. It is possible to open a provider account even if one does not have a bank account.

There is an age limitation for people who want to open Bitcoin accounts at the provider. The new policy put in place in 2017 puts 18 years as the minimum age for anyone who wants to open a bitcoin account. This, therefore, means that one has to be 18 and above to be able to open and hold a Bitcoin account.