The year was 2008. An anonymous man calling himself “Satoshi Nakamoto” published a white paper outlining the the creating of a de-centralized digital currency that was traded peer-to-peer and which did not rely on any government to work. 15 years later not only did his dream become a reality, it has been a smashing success. BTC is used as an investment vehicle, a store of value and a currency.
Sportsbooks that accept bitcoin for deposit and payout have been around for almost a decade. Why use your Mastercard and pay a bunch of fees and lose your anonymity when you can just send over some BTC? It’s safe, secure and relatively private.
Sportsbooks convert your BTC into USD after the deposit is made. You then place your bets using USD. There are some sportsbooks where you can bet and win BTC as well but mainly sportsbooks use the currency as a go-between.
Where to Purchase
You can buy BTC at any cryptocurrency exchange. You can fund your exchange account using a myriad of methods including but not limited to; ACH bank transfer, credit/debit card, Paypal and Zelle. Once funded, you can send your bitcoin anywhere in the world in just minutes.
In the digital age, having various and multiple financial outlets is a must. This goes for sports betting as well as just every day banking. If you are reading this and have not yet made a crypto purchase, now is that time!