What Are The Advantages Of Using Bitcoin?
If you are a bookie and you don’t know about Bitcoin, you are probably missing out on the major opportunity that you could ever have for the success of your bookie business. Actually, betting with Bitcoin is the trend for future online gambling market because there are so many advantages. Now, it’s the time for you to see how amazing is using Bitcoin and know its advantages.
No country boundary
First of all, as a bookie, you should already know that accepting payments from your players is not easy especially when your customers are from other countries. Some countries even restrict the financial transactions when it comes to the gambling purposes and make it very difficult for bookies to run the business. This is how Bitcoin contributes the great help since it has no country boundary limits for people to send and receive the money.
Bitcoin is just like the virtual cash. The funds that you send and receive are peer to peer without having any middlemen involved. Therefore, it’s very quick and safe since no one can block or question any of your transactions from there.
Cheaper and lower fees
You probably won’t believe that Bitcoin is even much cheaper than many other payment methods. In fact, there is no additional withdrawal fees for Bitcoin payments, which can help bookies keep more profits in the pockets.
Safe, secure, fast and nearly anonymous
Bitcoin offers the users a safe, secure, fast and nearly anonymous way to manage the money. It uses the Blockchain technology to record registry data and transactions by combining the cryptographic keys without any personal identifying information. Unlike other payment methods such as bank transfers, Paypal or credit card transactions, Bitcoin’s built-in privacy protections could give the hackers a hard time to figure out the user’s true identity. In other words, there are only public keys or numerical codes used to represent Bitcoin users and such system can effectively protect users’ anonymity.
Bitcoin isn’t created or controlled by any state entity and it won’t be beholden to any political influence either. As a result, its decentralized control structures will leave no others to manipulate or seize your own Bitcoin units even including the government.
In sum, Bitcoin is a safer, cheaper, faster and more private payment method for today’s market. As a great bookie agent, you shall definitely offer your players the possibility of using Bitcoin to bet with you.