Sharing private information on the internet is not something we do. Especially when there is always the risk of security breaches.
How many times have you heard in the news of someone stealing the data? Thousands of customers’ personal information up for sale. It has become a plaque of the modern age.
For those of us that enjoy online betting now and then, keeping as much of our private data hidden has become a life goal. Nobody wants software to analyze their bank accounts, social media postings, and betting styles.
And they can get that and a lot more with just a small piece of information. But no worries. We have a perfect solution to keep you betting but at the same time protecting your privacy.
That is, anonymous crypto betting. Keep reading, we’ve compiled a selection of bite-size information for you below.
Betting With Cryptocurrencies – How It All Works
When compared with your traditional bookmakers it’s all about verifications, bank account details, or at least your name and address.
No wonder the gambling industry saw an opportunity to attract more serious players by giving them resources to keep their privacy private. And it was one of the best decisions they ever made. Using cryptocurrency in online betting was a huge game-changer. Stay with us to know why.
What Are Cryptocurrencies – How We Use Them For Online Betting
Cryptocurrencies are a form of digital money, stored in an online wallet. There are many different types of cryptocurrency available online. Most popular are such as Bitcoin, Ethereum, and Litecoin.
So using crypto for online betting is a safer way than using your bank account or credit card. You lower the risk of your personal data being stolen and sold in the future. The only thing you need to do is purchase some crypto, store it in an anonymous wallet and find yourself good and a reliable crypto bookie.
Ypu Can Stay Anonymous When Betting Online
When paying to a traditional bookie you either pay from your bank account, credit card, or an e-wallet company that you have to sign in with. So at least they will get your name and email address in the best-case scenario.
After switching to a crypto bookie this changes. The only thing you need to do is to transfer funds from your anonymous wallet to his. No other personal data is necessary. They can’t identify you in any way. There are even anonymous Cryptocurrencies to make sure your privacy is completely covered.
Online Betting Is Safe When Using Cryptocurrency
As in traditional online betting, you want to make sure you are using a reliable and licensed crypto bookmaker. Choose wisely. You don’t want to become prey to some sites that only take your money and disappear.
Check before you choose a bookmaker. See how long they have been around and their player’s reviews. Take all precautions as you generally would with traditional online betting. Crypto bookmakers should be licensed. It will give you peace knowing that they are regulated and have rules in place to protect you in worst-case scenarios.
Processing Time Takes No Time At All
This has been one of the great disadvantages of traditional betting sites. There was always a waiting period of several days to receive your winnings from the online casinos. Verification after verification that you have always considered a waste of time. But they had to implement several steps to protect your funds while transferring them to you at the same time.
Using cryptocurrency has simplified this step so much that there is no waiting period at all. You can withdraw or just place a bet almost in real-time. Not to mention that the transaction fees are much lower than on other online betting systems.
There Are Some Risks
Like all things in the world, online betting has risks. Especially the risk of losing. Bet responsibly. Use the money that you can live without. Place a maximum amount you can bet a day and stick to it.
The value of some cryptocurrencies can and will change from time to time. Sometimes it will add to its value, but sometimes it will decrease. These are things you have to prepare for.
Make sure that you are using reputable online betting sites. There are thousands of sites offering their services.
Take time to choose. Make sure they are well established and reliable. Confirm that they accept your type of crypto before signing up. Using cryptocurrency will change your entire betting experience. Just stay careful and enjoy the game.