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Bitcoin is the world’s oldest and most well-known cryptocurrency, and it has become a trusted way to pay for goods and services online for millions of people worldwide.
A growing number of trusted online merchants now accept Bitcoin as a viable payment solution, along with several other trusted cryptocurrencies, such as Ripple, DogeCoin, Avalanche, Stellar, LiteCoin, Ethereum, and Tether, to name a few.
Here is a closer look at why Bitcoin is a preferred payment method.
Why is Bitcoin a viable payment method?
There are several reasons why Bitcoin is a viable payment method at a website’s checkout. First, it’s considered far more secure than traditional payment methods, such as credit and debit cards.
When making a payment with Bitcoin, no third-party verification is required, and none of your personal information is stored on systems where data breaches are common.
It is a popular payment method for people who deposit and withdraw at fully licensed real money gambling sites, such as online casinos, sports betting, poker, bingo, and lottery sites.
The other reason it’s so popular is that no fees are usually applied to your transaction when depositing or withdrawing with Bitcoin or any other cryptos. However, not all real money gambling sites accept crypto as a viable payment solution.
Does 10Bet accept crypto?
At the time of writing, the official 10Bet online bookmaker and casino site doesn’t accept cryptocurrencies. Instead, players can choose from a wide range of other perfectly secure, reliable, and convenient payment methods.
For example, if you visit 10bet online casino today and head to the payments/banking section, you will see that they accept several other trusted payment methods, including the following:
- Visa
- MasterCard
- Apple Pay
- PayPal
- NETELLER
- Skrill
- Paysafecard
- Trustly
It’s also possible to deposit and withdraw using various other tried and tested payment methods, such as Euteller, MuchBetter, Sofort, and eps, to name a few. Depending on which country you are based in will often determine which payment methods you will be able to use.
For example, South African players may have slightly different options available to them compared to UK players. US players will have different payment options compared to Canadian players, Australian players will have different payment options compared to Indian players, and so on.
However, the most commonly accepted payment options that most players from around the world can use include credit and debit cards, e-wallets, direct bank transfers, and prepaid voucher cards, like the ones mentioned above.
Can I still get a welcome bonus even if I don’t deposit with Bitcoin?
Yes. It usually doesn’t matter which payment method you use to deposit to qualify for the website’s welcome bonus. Right now, at 10Bet, you can choose between the sports welcome bonus offer and casino welcome bonus.
The 10Bet sports welcome bonus is a 100% match bonus worth R3,000.00, and the 10Bet casino welcome bonus is worth R1,000.00. The choice is yours.
Will all online casinos and other similar sites one day accept crypto?
It’s hard to say. However, over the coming years, we will likely see more online casinos, sports betting, poker, and bingo/lottery sites starting to accept Bitcoin and other cryptocurrencies.
Where can I buy cryptocurrencies like Bitcoin?
There are many trusted websites where you can buy and sell cryptocurrencies. Some of the best crypto exchanges today that many of you may already be familiar with by now are eToro, Uphold, Crypto.com, Coinbase, and Kraken.
Others include Gemini, TradeStation, and CashApp, to name a few. Before signing up to any of these sites to buy and sell cryptocurrencies, you may want to take the time to review and compare each site for yourself.
Each site comes with different features. Examples include basic trading features, rewards programs, high-level SSL security measures, unique education resources, advanced trading features, newsfeeds, and much more. You should always carry out your own research to find out which site would be best for you.
Final note
If you sign up to a crypto exchange or real money gambling site, don’t forget that risks are involved. The crypto markets can be extremely volatile from one day to the next, and there’s a chance you could potentially lose your entire investment.
Also, no matter how certain the odds offered may seem at real money gambling sites, no bet is guaranteed.
The best thing to do to manage your bankroll better would be to set deposit limits, where possible, never chase your losses, and stick to your budget. Finally, remember to have fun and try not to spend more money than you can afford.
