Why blockchain and cryptocurrency could be the best thing for online gambling and sports betting?

Jeffrey Hancock
1 min readSep 12, 2019

The blockchain technology has made a significant influence on gambling and online betting. Nowadays both of these industries can offer intense security, full transparency and anonymity to every gambler or bettor. According to four following factors, sports betting and gambling soon may be the biggest things in the cryptocurrency world.

First of all, thanks to blockchain and decentralization online payments remain secure and can’t be traceable, so clients of online casinos can hide their identities safely. Second, cryptocurrency offers a second layer of protection with two-factor authentication to an online account. Third, users are able to process their deposit and withdrawals within a couple of minutes with cryptocurrency. There is no need to wait for long bank transfers. And the last one — cryptocurrency fees are really low in comparison to traditional payment methods.

In other words, Bitcoin and altcoins are much more superior than fiat currencies when it comes to online gambling or betting. Join Ethex.bet to experience the great potential of Ethereum lottery!

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Jeffrey Hancock

Blockchain enthusiast developer and writer. I love video games, blockchain and the hot symbiosis of these two worlds.