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Learn about Bitcoin

Thảo luận trong 'Chuyên Mục Ngoài Lề' bắt đầu bởi thanhthuy02, 29/11/19.

  1. thanhthuy02

    thanhthuy02 Member

    Tham gia ngày:
    21/6/19
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    Learn about Bitcoin
    It may shock you to know that I have a bit of a life outside of maintaining The Footy Tipster, one of the things I am interested in is cryptocurrencies (Bitcoin, etc.). Over the last while I’ve noticed more and more services being created that let you use Bitcoin to place bets. I wanted to find out more so I asked an expert on the subject lớn write up a guide to todays soccer prediction with bitcoin.

    [​IMG]

    I’m pleased to share the article with you.

    Football Betting with Bitcoin
    As bitcoin surges in price and popularity, more and more punters are willing to place their bets directly in bitcoin.

    In this article, we’ll offer a quick overview of the possibilities available on the betting market. But before, it is crucial to know the basics of bitcoin if you are a new user.

    As a new user, you can get started with Bitcoin without understanding the technical details. The following steps should help you to get started in the best possible way.

    Step 1: Open your bitcoin wallet
    Blockchain is the most popular digital wallet in the market and will allow you to store your bitcoin, make deposits and receive payments from the best bookmakers.

    Creating an account with Blockchain will take only a few minutes. Once it is done, you will receive your Wallet ID by email.

    A Wallet ID is only used for the login process, and it is different from a bitcoin address. In other words, it cannot be used lớn send or receive funds. For security reasons, make sure to never share your Wallet ID publicly, or with anyone.

    lớn secure your account, you will get your backup phrase which will be used in case of your password was lost or any unauthorised changes. Click on “Backup Phrase” and it will ask for your account password. You can prefer lớn the soccer predictions pages!

    [​IMG]

    The Backup Phrase contains 12 words that you should note down. Make a copy somewhere and keep it safe.

    You can also add your phone number for more security.

    We already mentioned that your Wallet ID is different from a bitcoin address. Indeed, by browsing your wallet you will find the options “Send” and “Request”.

    to send bitcoin from your wallet, you will need the recipient’s receive address or QR code. And lớn request bitcoin, you can share the address that you find by clicking on “Request” or use the QR code with the sender.

    Your bitcoin address will change each time you receive a payment, but do not worry, your old address are still functional. In short, you can always use the same address to receive several payments.

    Unlike your Wallet ID, your bitcoin addresses can be shared without any incidence on the security of your funds.

    Step 2: Buy Bitcoin / Convert Bitcoin to EUR/USD/GBP
    The second step is to fund your Bitcoin wallet.

    lớn do so, you will need lớn sign up at a platform that allows you lớn buy and sell crypto-currencies.

    Coinbase is probably the most well known platform on the market right now [Toby Note: Coinbase is what I use and I’m happy lớn recommend it also]. This service is secure and allows you lớn buy, sell, transfer, and store Bitcoin.

    After you sign up, you will be able to connect your bank account. You will need lớn complete some verification steps before you can use the account. Once the verification steps are complete, you can start a purchase and receive your first bitcoin.

    Note for beginners: the price of bitcoin at the time of this article is floating around $14,000 but you can of course buy less than 1 bitcoin, for instance 0.1 or 0.005.

    Due lớn high demand, some exchange recently closed registrations. If you have trouble signing up at Coinbase, the best alternative is Exmo.

    This smooth and intuitive platform offers some of the lowest commissions in the market on a range of services including exchange and trade mode.

    A big plus is the possibility to transfer your funds lớn a plastic Mastercard such as these provided by Advcash or Epayments

    Unfortunately, Coinbase and Exmo no longer support bank deposits or withdrawals of GBP. But transfer from Euros is very easy.

    LocalBitcoins is a person-to-person bitcoin trading site. This service allows people from different countries lớn exchange their local currency lớn bitcoin and vice versa.

    Escrow and other security services are available, as well as a reputation system for buyers/sellers.

    Once you made your first purchase, your bitcoin should reach your Blockchain wallet within an hour or two, depending on the number of transactions ongoing on the network.

    Step 3: Deposit at the best bookmaker and start to place your bets in bitcoin
    One of the best bitcoin gambling site is Nitrogen Sports

    Established in 2013 and based in Costa Rica, Nitrogen was one of the pioneers to allow sports betting with digital currency.

    If you like Pinnacle, you’ll quickly enjoy Nitrogen as the offer is very similar, with a great range of markets available, starting with soccer, tennis and all US Sports. As well as the Money Line and Totals, you can can bet on either a game handicap or set handicap in a match.

    Please note that the odds format are set by default to American odds, you’ll need lớn go to your settings lớn select the format that suits you best. Here are some common betting conversions.

    Nitrogen also offers a casino allowing you to play various games such as Poker, blackjack and dice.

    For your transactions, a unique deposit address is available. Depending on bitcoin network, your deposit should be credited within an hour or two before you can start to place bets.

    Withdrawals are also very quick lớn be processed, and Nitrogen’s support center offers an excellent on-site ticketing system or email. No live chat customer service is available, although you can get some help in the community chat or through Nitrogen’s social media accounts.

    Additional advice: transfer bitcoin lớn your Mastercard (available only in EUR and USD)
    For anonymity purpose, if you do not wish to cash your bitcoin lớn a bank account, an alternative is to transfer your bitcoin to a plastic Mastercard, with the convenience lớn be able to withdraw your money directly at ATM.

    Two reputable services exist on the market: Advcash and Epayments.

    Both services offer a secure e-wallet that comes with the possibility lớn order a Mastercard directly delivered to your address (Advcash can also deliver lớn an address that is different from the primary address in your account).

    For more information, please visit Advcash / Epayments

    We wish you good luck in the world of bitcoin betting!

    Thanks Manu
    I want lớn thank Manu for taking the time lớn share this guide, and they have very kindly said if anyone has any questions about football betting with bitcoin they are more than happy lớn answer them.

    If you comment below with your questions I will make sure we get answers!
     
: tip

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