Like most coins in the market, BTC is a decentralised digital asset that can be used as a medium of exchange online. Since it uses blockchain technology, transactions are faster and more secure because of the absence of a third party.
Bitcoin betting is incredibly beneficial, and starting now will help you have a more seamless and enjoyable experience. Below are the simple steps to become a bonafide Bitcoin ice hockey punter in minutes!
Step 1: Secure a digital wallet
A digital asset is required if you want to use Bitcoin for any transaction. This includes betting on ice hockey games. Just like fiat currency, a wallet is needed to store your coins safely.
Digital wallets come in two forms: Hot and cold. The former is more versatile in that they can be used online for exchanging. However, they are more susceptible to cyber theft as anything exposed online will always run some risks of third party interference.
On the contrary, cold wallets are only used to store large quantities of coins. They usually come with hardware like a USB drive to make the storage capacity much more robust, thus having the name of ‘hardware’ wallet sometimes.
Step 2: Use a secure exchange
After securing your digital wallet, you now need to exchange your fiat with BTC. To do this, you have to visit a reputable exchange or trading site to start buying crypto coins like Bitcoin.
Similar to a stock exchange, a trading platform is like the central hub for those who want to buy and sell crypto. With platforms like Binance and Coinbase, it’s easy to buy your first BTC depending on what the current market value is.
Step 3: Choose the best online sportsbook
With a digital wallet in hand and BTC, it’s now time to go to an online sportsbook that accepts Bitcoin. It is also best to go with a site that is regulated and licensed to avoid losing your money or any fraudulent activity.
When you think about it, there really wouldn’t be a huge difference between each sportsbook in terms of the sports available for betting. Most likely, there will be ice hockey in their lineup of sports to bet on.
What it will come down to is how their crypto betting features work and if their payment methods are quick and responsive when doing transactions online. If a sportsbook tips all these check marks, you have yourself a reliable online sports betting site to go to every time you want to place wagers on ice hockey matches.
There are a lot of great benefits to betting with Bitcoin. If an online sportsbook offers an option to do so, grab the opportunity immediately. Another perk of ice hockey betting on crypto casinos and sportsbooks is that some of these sites feature sports legends.
Here is an exciting interview with one of ice hockey’s greats: https://bitcasino.io/blog/promotions/exclusive-interview-with-pavel-barber
