Betting sites are slowly upgrading their currency with Bitcoin. Bitcoin is a cryptocurrency that is decentralized and is operated by a blockchain.  This means that it cannot be controlled by the government. Bitcoins can only be acquired through a system called’ mining’. If you’re interested in betting using bitcoin, here are a few things you need to know

Privacy

One of the best features of bitcoin is that you can keep your identity a secret. You don't need to worry about any requirements or procedures to ill out. 

It’s fast

BTC transactions are popular for their speed. Unlike transactions using traditional payment methods, BTC only takes a few seconds. It won't take you days to cash out your winnings. 

No Transaction fees

BTC never requires any transaction fees. Usually, the operators shoulder the fees when you make a transaction. 

Good Promotions

The advantage of being using BTC is that sometimes the bonuses you can get with BTC are bigger than fiat currencies. Some of the best promotions are offered to BTC users.

Security

Security is one of BTC's best feature. It’s very unlikely for a bitcoin wallet to get hacked because no one except the user knows the information details. 

Here a few fast facts about Bitcoin: 

• The first cryptocurrency launched in 2008. It was named Bitcoin.

• It is unidentified if Satoshi Nakamoto is a person or a group of people. Some people that believe 4 companies are behind Satoshi Nakamoto: Samsung, Toshiba, Nakamichi, and Motorola.

• The USA has the most BTC saved in ATM’s. 

• Satoshi Nakamoto owns 1 million of 21 million BTC.

• 23,00 addresses own over a million dollars worth of BTC each.

• In 1989, a cryptocurrency called ‘Digiash’was founded. It is believed to be the first cryptocurrency.