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There are a number of advantages for both sportsbooks and sports bettors to using cryptocurrency. Using Bitcoin, for example, results in easy deposit and withdrawal transactions.
Many online sportsbooks do not charge fees to their bettors to withdraw using a cryptocurrency. Bettors also like cryptocurrency because it keeps them anonymous.
PayPerHead.com accepts a number of different cryptocurrencies. Bookies and players can use a number of different payment methods for financial transactions, but Pay Per Head encourages the use of cryptocurrency by players and agents. It’s the best way to maximize profits.
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Bitcoin Is the Most Popular Cryptocurrency Among Sports Bettors
It is the most popular cryptocurrency for PPH bookies on the market. There are no fees associated with deposits or withdrawals when using Bitcoin. Credit card companies, for example, will charge a fee when making a deposit into a betting account.
The big reason using Bitcoin is the preferred choice for cryptocurrency is its security. The use of blockchain technology makes Bitcoin virtually unhackable.
Bitcoin Cash is also an option that bettors and agents can use. Transactions are processed even faster using Bitcoin Cash.
QB Direct Is Widely Used By Americans
For gamblers in the U.S., QB Direct is a popular form of payment. One of the biggest benefits of using QB Direct is the speed and the ease of both deposits and withdrawals. QB Direct users can pay with Bitcoin Cash.
Ethereum is the #2 Crpyto in the World
Behind Bitcoin, Ethereum is the second-most popular form of cryptocurrency. It provides the same level of security and anonymity, which is important to sports bettors.
Counterfeiters, of course, can’t simply recreate the code for a digital currency. Bettors are also protected because there is no way to trace where an Ethereum deposit or payment came from. It is not associated with a name or even physical address.
Litecoin – BTC’s Little Brother
Litecoin is very similar to Bitcoin. It uses the same technology and is, therefore, not easy to counterfeit or hack. Litecoin was created for the sole purpose of fast transactions.
In the world of digital currency, Bitcoin’s blockchain technology processes transactions every 10 minutes. The Litecoin blockchain technology processes those transactions in 2.5 minutes.
Payperhead.com players looking for safe, secure fast deposits and withdrawals will like the performance of Litecoin.
Ripple (XRP)
Ripple is different than other cryptocurrencies because it is not a coin. Ripple was created as a network for banks and other payment processors to transfer money and settle payments. It is also used as a form of currency exchanger.
One of the big advantages of using Ripple is speed. Transactions take much less time than a Bitcoin transaction, for example.
As mentioned, Bitcoin processes a block, or transaction, in 10 minutes. A Ripple transaction takes five seconds. Ripple transactions also cut out any middle man.
To convert Bitcoin to U.S. dollars for example, some third party is needed. The Ripple network can make the conversion on its own thereby eliminating the need for any form of intermediary.
Bottom Line
Using cryptocurrency is the future of the sports betting industry. Bitcoin, Ethereum, and the rest are becoming more and more popular because of the speed of their transactions and the security they provide.
Payperhead.com is committed to offering agents and players the use of cryptocurrencies. Make your first deposit using a digital currency and receive a 5 percent cash back bonus.
