Bitcoin Betting
Year established: 2024
Mobile compatible: Yes
Jurisdiction: Not specified
Overall rating: B
Recommended: For recreational and professional players
Bitcoin Betting Review
Bitcoin Betting is a decentralized P2P Prediction Market and Betting Exchange consisting of a vast network of nodes. It utilizes its custom-tailored Decentralized Ledger based on the concept of Directed Acyclic Graphs specifically designed to match the needs of a fast, secure and efficient decentralized platform for processing millions of markets and hundreds of millions of orders every day. Here you can easily make deposits and withdrawals using smart contracts or bridges, and place orders with BTC and ETH.
Sports Prediction Markets
On Bitcoin Betting you can place bet on a wide range of sports using Bitcoin and Ethereum, including major leagues and events across the globe. Whether it’s Football (NCAA, NFL, Canadian Football), Tennis (ATP Challenger Bad Waltersdorf, ITF Women Tucuman, ATP Challenger Columbus), or popular American sports like the NBA and HFL. You can also bet on Golf, Volleyball, Soccer, Esports, Baseball, Hockey, Boxing, MMA, and so much more.
Commission
For any market settlement, a small commission is collected. The commission is always set by the creator of a market. It is recommended that the base commission (excluding VIP reduction) is not higher than 0.25% for markets, that settle automatically and not higher than 2% for markets that have to be settled manually. For binary markets, commissions are only collected on wins.
Funding and supported currencies
Supported currencies for most markets on the platform are currently Ethereum and (Wrapped) Bitcoin. Deposits and withdrawals happen via Bridges – certain Smart Contracts on the Ethereum Blockchain that safeguard your funds in a trustless manner. Deposits and withdrawals will usually take less than 30 seconds. Thus no central party is holding any customer funds, instead all are securely held in the Smart Contract, which is secured against any known attack vector.
Furthermore any user is free to issue their own currency, token or other asset, transfer it and create markets utilizing this currency. Stablecoins are not welcomed on the platform as they are not suitable for long-term orders due to their diminishing value.
VIP Model
Users can obtain a VIP Status from Level 1 to 10. Among other benefits, a user can enjoy lower commissions with a higher VIP status.
No Personal Data Collection
Bitcoin Betting is accessible to anyone. No personal data is ever collected. Not even names or email addresses. The identity management is entirely handled by your wallet. Any transaction that is submitted to the ledger must be signed by that wallet.
Privacy & Transparency
All transactions on the platform are transparent and can be viewed through “Block Explorers,” which allow anyone to track transaction histories on the blockchain. While all transactions are publicly accessible, no personal information should ever be saved on the blockchain. This ensures that Bitcoin Betting remains transparent yet unsuitable for activities such as money laundering, as every transaction can be traced with ease.
Restricted Regions
By default, certain IPs like US IPs are restricted from connecting to a node. Any node operator is free to add or remove regions from the list by editing the config file.
Advantages:
– A betting exchange with a sportsbook front-end;
– A wide range of sports betting markets;
– Also offers Esports, dice games and politics;
– Nice variety of betting types;
– Offers high odds in most cases;
– High limits of the wins;
– Has an exclusive VIP program;
– Easy to use website with good privacy;
– Emphasis on anonymous playing;
– Fast crypto payments;
– Live Chat support.
Disadvantages:
– Basic interface;
– Website has only been set up recently;
– For each market settlement, a small commission is collected;
– Limited support options;
– Limited payment options.
Payments:
Cryptocurrencies (Bitcoin, Ethereum, WBTC)
*Keep in mind to double check information. Be prepared for changes to restricted countries, bonuses, currencies, deposit and payment options, languages, contact info.
To register use the Invite Code: 0ZUI6KH06QS7
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