One of the big hindrances to many Brazilian bettors not wanting to place online sports bets is due to the fear that their money may disappear or they will be charged commissions to be able to make withdrawals at online sportsbooks.

However, with the emergence of Bitcoin, you will finally be able to have full control over all your transactions. Your money is going to be available in a matter of seconds with Bitcoin, whether it’s payment or withdrawal, with you having to pay virtually no commission, let alone justify to your bank where the money is coming from. The big advantage of Bitcoin in sportsbooks is that you finally have freedom under your money, without with as much security as possible!

Best Online Sportsbooks to use Bitcoin

Fortunately, and with the advancement of blockchain technology, which is the one that supports all Bitcoin transactions, but also other cryptocurrencies, some of the best legal online sportsbooks in Brazil offer all their Brazilian customers the possibility to be able to create their cryptocurrency wallet and accept and send Bitcoin. Below are the best sportsbooks in Brazil, all of them are reputable sportsbooks with bitcoin deposit.

• 22Bet: the sportsbook is without a doubt one of the best betting sites in the Brazilian market, with bets for all games in Brazil. With Bitcoin you have the freedom and security to make your transactions
• Brazino777: without a doubt this sports betting site is one of the best in terms of odds. You can also use your Bitcoin wallet to make all payments and withdrawals
• 1xBet: we are talking about one of the biggest bookmakers in the world. Here you can bet on all sports and use only your Bitcoin to do everything with security and privacy.

Can you use Bitcoin on other online betting sites?

Many of the major bookmakers quickly realized that there is a huge advantage in offering the possibility for their Brazilian customers to use Bitcoin to be able to make all transactions with privacy and practically free of charge. So these are some more bookmakers, completely legal in Brazil, that give the possibility of being able to use Bitcoin and give you total freedom financially.

Bitcoin: how the payment and withdrawal method works

As mentioned, Bitcoin is undoubtedly the technology that will revolutionize the online payment system and most likely the world economy in the coming years. This is exactly why it is important to take advantage of blockchain technology for our lives, starting with online sports betting.

• Contrary to what you may think, making transactions with Bitcon at sportsbooks is not complicated at all, and you only need to follow a few important but simple steps to be able to have the financial freedom that only Bitcoin gives you:
• A sportsbook that accepts Bitcoin gives you the possibility to create a Bitcoin account in the house itself, to make the whole process easier.
• However, if this is not possible then you just have to create a Bitcoin wallet at the most popular exchanges, such as Kraken or Coinbase.
• The whole process is free and you will only need to fill in your personal data
• Once you have a Bitcoin wallet you just have to transform the money you want to deposit in the sportsbook into Bitcoin. The process is often automatic.
• Ask for the unique Bitcoin key of the bookmaker and transfer as much Bitcoin as you want
• Almost free of charge, and within minutes, you will already have the money available in your account to bet

Bitcoin History

In ten years, Bitcoin is managing to revolutionize the way people are looking at their finances and ways of paying online. It was Satoshi Nakamoto who developed Bitcoin in 2009, the world’s first created, completely decentralized cryptocurrency. Even today, Nakamoto is not known for sure who the creator of Bitcoin is and who was able to initially leverage blockchain technology, as he intends to remain anonymous. To get a sense, in the early years, Bitcoin was worth a few cents and was used by a very limited number of people. Now, Bitcoin is worth tens of thousands of reals, having made many people very rich.

This enormous growth has been due a lot to the emergence of other cryptocurrencies, and projects that promise to revolutionize the world. More and more people are understanding the benefits of using Bitcoin and how this technology finally gives people all the power. Your money can now no longer be in the hands of Brazilian banks, but totally in your power, with total privacy! Make the most of what Bitcoin has to offer in your life, as many headaches will disappear.

How Bitcoin works

It is completely legal and free for you to buy, sell and even trade Bitcoin in Brazil. Some of the biggest exchanges in the world are available in the Brazilian market and you can buy Bitcoin or other cryptocurrencies to make online payments safely and also make your sports bets online. In order to use Bitcoin for your financial benefit, you only need to have an active Bitcoin wallet and a key that you can give to people or bookmakers to make payments to you.

Thanks to blockchain technology, transacting with Bitcoin is totally secure, because your money will never pass through the hands of a human. The entire transaction process, which lasts only a few minutes because it works in blocks, is done through the technology that only needs power to be working and never needs someone to be managing it. It is completely impossible for anyone to access the transfers and know the identity of who is paying and receiving Bitcoin!

Know the advantages of using Bitcoin

To give you a clear idea of the advantages of using Bitcoin in online sportsbooks, we point out the main benefits you will find using your Bitcoin wallet:

• You have financial freedom – the biggest advantage of Bitcoin is that you completely own your money and not the banks. At no time will anyone know what you are doing with your Bitcoins, and you don’t need to justify anything to anyone.
• Partnerships with gambling sites – there are more and more bookmakers that value Bitcoin technology and how excellent this method is for all their Brazilian customers. All transfers are completed in just a few minutes.
• Security is total – as in all transfers there is no one who can control or have access to the money, it is impossible for someone to steal your Bitcoin whenever you are making payments or withdrawals at online sportsbooks.
• The money is all yours – in addition to not having to have the money in your bank, meaning that the money will be all in your power, the commissions you also have to pay never go past a few cents, very different amounts than what you always have to pay to your Brazilian bank, especially when you are receiving money from abroad, which ends up happening with the big bookmakers. With Bitcoin it makes no difference whether you are receiving it from Brazil, China, or Europe.

How to use Bitcoin for online gambling

So that you can already start using Bitcoin at bookmakers, you will only have to select Bitcoin as your preferred payment and withdrawal method at bookmakers that accept Bitcoin. After that step, in case you already have your Bitcoin wallet, you just have to make the payment or request the withdrawal.

On the other hand, in case you do not yet have your BTC wallet created, sportsbooks are keen to help you with the creation of your wallet, from start to finish.

We remind you that your Bitcoin wallet gives you to the sportsbook, but also to transfer money to whoever you want, be it friends, family on the other side of the world, or buying from online stores. The commissions are always the same and almost zero.

Learn how you can deposit your money with Bitcoin

These steps may vary a bit between different online sportsbooks, but what you have to do to use Bitcoin on your betting site is pretty simple:

• Select Bitcoin as your chosen method
• Copy the address available from the bookmaker
• Send the amount you want in Bitcoin to that address
• Within a few minutes you have the money in the sportsbook available for you to bet

Is paying and withdrawing bets with Bitcoin safe?

This is without a doubt one of the great advantages of you choosing Bitcoin as your preferred method at sportsbooks. Since your money will never pass through human hands, as it is all done in blocks thanks to blockchain technology, it is impossible for anyone to cheat or steal your money.

This is exactly why Bitcoin and other cryptocurrencies are considered the future for online payments, because there is finally a method that is not dependent on anyone. In other words, it is impossible to fail, making it the safest way you currently have to make online payments and deposit your money in the sportsbooks.

Understand how to quickly create your Bitcoin account

You essentially have two very simple ways to get your Bitcoin wallet created as early as today, which is completely online: through an exchange or directly through the bookmaker, who always helps you get your account created.

Unlike what happens in electronic wallets such as Paypal or Skrill, not to mention the abusive commissions that Brazilian banks practice to the disadvantage of their customers, Bitcoin only charges a percentage of almost zero commission for each transaction. We are talking about a few cents on a transfer of thousands of reais. This commission does not go to one person, but rather to cover the energy costs that is needed to make the transfer. This is why the commission is so low and will never increase.

Alternative deposit methods on gambling sites

Without any doubt, all the major legal online sportsbooks in Brazil also give other payment and withdrawal method alternatives besides Bitcoin. However, it is important to understand that none of these alternatives that will give you the full freedoms and privacy that only Bitcoin can give you at the sportsbooks. These are the main alternatives:

• Paypal – without a doubt it is the most well known and used online wallet around the world. However you will always be charged commissions ranging from 3 to 7%.
• Neteller – you can create an electronic wallet to manage all transactions
• Skrill – with Skrill you can manage your money completely online, both for online payments
• Bank transfer – if you still prefer the more traditional payment methods, even though they are more expensive, and do not give any power or financial freedom, as with Bitcoin, you can choose to transfer the money directly from your bank account to the online sportsbook.

Bitcoin’s great goal is precisely to make your online payment and transaction experience completely secure, while at the same time making sure that you always have control over your money. With your Bitcoin wallet in place, you can always store as much Bitcoin as you want, and you can sell it for real money whenever you need to.

It is worth remembering that one of the big advantages of using Bitcoin in online sportsbooks is that you no longer have to pay abusive commissions to banks for all your transfers abroad. Furthermore, you no longer have to justify where the money comes from with Bitcoin, because only you will know for sure how much you received. The control and financial freedom is with you!

Final overview

Without any doubt that if you don’t want to have any more problems with your bank, want payments and withdrawals to be available within minutes, and still want to have total solution whenever you are doing online sports betting at bookmakers, Bitcoin is the ideal method and technology to match all your needs.

Finally, it is important to inform you that all the sportsbooks, which are legal in Brazil, and mentioned in this article, will help you from start to finish, with their 24-hour support, to be able to create your Bitcoin wallet and be able to make the payments and withdrawals that you want, always as quickly and safely as possible!

FIAT currencies such as the euro or the dollar and the Internet have never gone well together. Indeed, to buy a good or a service, you have to go through a payment processing company or enter your bank card data to make transactions. But everything has changed with the emergence of crypto-currencies.

Crypto-currencies are indeed changing the way we conduct our online transactions. They offer a frictionless way to interact and send value to anyone, anywhere, at low cost over the Internet and without trusted intermediaries like banks.

The main beneficiaries of this change have been online casinos and bookmakers, which have grown rapidly, especially in light of the behavioral changes brought on by the coronavirus pandemic.

Cloudbet is one of the world’s leading crypto-casinos and bookmakers offering better odds than most fiat currency-based bookmakers. Established in 2013, Cloudbet is fully regulated with satisfied customers in over 100 countries. In addition, the casino offers some of the best promotions and welcome offers in the industry.

Sign up for Cloudbet in 3 steps

Enter an email address

Click on the “Join” button on the top right of the Cloudbet homepage. Enter your name and email address in the form provided and confirm that you are of legal playing age. The system will automatically generate an email with a confirmation link. Registration is also possible via Google and Facebook.

Choose a password

Once the confirmation email arrives, click on the link to confirm your account. Check your spam or junk mail folders in case the email doesn’t arrive right away. Be sure to enter a strong password of at least 8 characters, ideally a mixture of characters and numbers.

Confirm details and preferred currency

Once you’ve confirmed your details, you’ll need to choose a preferred crypto-currency for your first deposit. Currently, BTC, ETH and BCH are supported. Deposits are instant depending on the speed of the blockchain you choose. Once your deposit arrives in the Cloudbet wallet, you can start playing immediately.

Cloudbet compared to other casinos

Cloudbet is an industry leading crypto-casino and bookmaker with a well-established history and some of the best promotions around. However, if you want to try another platform, or simply can’t find the game you want to play at Cloudbet, there are several reputable alternatives worth looking into.

Cloudbet is a pioneer in the gaming industry and one of the first to integrate crypto-currencies into its platform in 2013. To give you some perspective, Bitcoin was trading at just $200 at the time (compared to over $10,000 today) and the collective understanding of the enormous potential of crypto-currencies was very limited.

Cloudbet officially accepted its first bet in October 2013 when a bet of 0.12 BTC ($24 at the time) was placed on Korea’s K-League (soccer). Since then, the platform has made more than 6.5 million bets in its sportsbook.

Cloudbet took an interesting approach to generating early interest in the platform from crypto-investors by announcing its arrival in the most active community around Bitcoin – Bitcointalk.org. This allowed Cloudbet to develop a loyal customer base, with early adopters being rewarded with a 100% bonus on their first deposit up to 5 BTC. This promotion was so successful that it is still running today – in addition to a series of other time-limited promotions.

Cloudbet’s live casino was officially launched in February 2014 with its first winning Blackjack bet. This year, Cloudbet added Ethereum’s native crypto-currency, Ether (ETH), to its growing collection of supported crypto-currencies. In January, the platform launched its updated website, providing a more streamlined and intuitive experience for users.

Cloudbet: Regulation and Security

• Cloudbet is a licensed Bitcoin betting site, which falls under both E-Gambling Montenegro and Curaçao eGaming.
• Due to the lack of clarity in crypto-currency regulation in some places around the world, many crypto-casinos are choosing to be regulated in crypto-currency friendly jurisdictions like Curacao.
• As more crypto-currencies are accepted around the world, more casinos will accept different crypto-currencies.

Cloudbet: A safe casino?

When choosing a crypto-currency casino, it’s important to look at the platform’s track record and see what people are saying about it on social media. Cloudbet has pioneered many security practices that are now being adopted worldwide such as storing crypto-currencies in a cold wallet rather than a software wallet that can be hacked (hot wallet).

Cloudbet crypto-casino also uses industry-leading security measures such as SSL encryption and two-factor authentication to protect users’ data and funds.

Cloudbet does not offer games that are proven to be fair, as the casino games are developed by industry leading independent software developers who design fair games by default. Cloudbet only hosts the games on its platform and does not have access to the design of the games themselves.

Numerous player testimonials on Cloudbet’s social networks seem to indicate a certain level of satisfaction with the win rate on the casino games. As a bookmaker, Cloudbet is known for offering top odds, which are generally better than those of dedicated fiat currency bookmakers.

Cloudbet Fees and Costs

Deposits and withdrawals at Cloudbet are made in crypto-currencies. Therefore, the fees are limited to the costs of the blockchain network. Cloudbet does not charge any fees for deposits or withdrawals on the platform.

You will have to take into account the blockchain fees when you make a crypto-currency transaction. The most affordable supported crypto currency to deposit (send) funds to (from) the platform is currently Bitcoin Cash (BCH), which has lower network fees than Ethereum and Bitcoin.

Games available on Cloudbet

Cloudbet offers a wide variety of casino games ranging from original classics to the latest games from the biggest software companies. Cloudbet’s Live Bitcoin Casino option hosts a range of the most popular casino games developed by the industry’s leading brands such as Evolution Gaming, Betsoft, Yggdrasil, iSoftBet, Play’n’GO and Quickspin with a wide selection of the latest games with outstanding jackpots and graphics.

Sportsbook

Cloudbet has one of the largest sportsbooks in terms of variety in the gambling industry with many sports available for live betting. Some of the sports covered by the platform include baseball, cricket, cycling, soccer, snooker, tennis, darts, basketball, tennis, volleyball, rugby, rugby league, ice hockey and motorsports including Formula 1. By the way, there are more cryptocurrency-based sportsbook sites that offer baseball and other sports. Some of the best odds in the industry are available with margins as low as 2%, including EPL, NBA, UCL and NFL.

Live Bitcoin Casino

Customers can choose from a wide range of games, including slots, roulette, blackjack and baccarat. The platform offers thousands of Bitcoin slots and 65 live dealer tables where players can play with a real dealer just like in a normal casino.

eSports

The Cloudbet platform allows you to bet on your favorite eSports, including over 60 gaming markets, where you can bet in real time on games like CS:GO, League of Legends, Dota 2 and many more.

Banking services and crypto-currency deposits

Cloudbet is a crypto-currency-only casino where deposits and withdrawals are made in your favorite “crypto”. There are no platform fees for these deposits and withdrawals.

However, the blockchains used do charge transaction fees. Therefore, it is advisable to calculate these before sending crypto funds to the Cloudbet platform. Since blockchain fees vary depending on network congestion, they can sometimes greatly increase the cost of your transactions.

Cloudbet currently supports Bitcoin, Bitcoin Cash and Ethereum. The company will surely add more tokens in the future. You can start betting at Cloudbet as soon as you sign up with wagers as low as 0.0000001 BTC (or 10 Satoshis).

Promotions and Bonuses

Cloudbet offers one of the largest first deposit bonuses in the industry with up to 5 Bitcoins (BTC) or 5 Bitcoin Cash (BCH) matched 100% by the platform. The welcome bonus is applicable regardless of which crypto-currency you choose to deposit your funds into.

• At the time of writing, Cloudbet was running promotions on NBA, NFL and UCL with margins of 2% or less.
• Cloudbet is also running a promotion to welcome the return of the English Premier League season after the disruption caused by the Coronavirus pandemic. For other matches, Cloudbet is offering 1,000 customers commission-free pre-match odds (zero margins).
• Cloudbet strives to attract players to the platform, but also offers promotions to keep them coming back. Cloudbet’s affiliate program is one of the most generous in the industry with a 30% lifetime revenue share and instant withdrawals to your personal dashboard.
• All of the promotions mentioned were active at the time of writing, but be sure to check the promotions page to confirm that they are still active when you go to create your account to enjoy the games at Cloudbet.

Conclusion: Should you play at Cloudbet?

If you’re looking for a crypto-currency accepting casino and sportsbook operator that is popular, secure and well-established, it’s hard to ignore a pioneering platform like Cloudbet, which has been successfully providing quality customer service for over 6 years.

With some of the best odds in the industry and the highest limits for both table games and sports betting, Cloudbet remains a popular choice for both beginners and top professionals. In addition, Cloudbet offers one of the largest live betting collections in the world.

With Cloudbet, you can bet on spreads, money lines, handicap bets, final result bets, total corners bets, total goals bets, correct score bets, both teams score bets (btts), next team to score bets, first team to score bets, quarterfinal or semifinal score bets, and more.

Cloudbet also has an advantage over some other crypto-casinos like 7bit Casino or 1xBit, as it runs its own betting book and therefore its own risk, rather than aggregating prices from other books like some operators. Cloudbet’s prices also adjust as money comes in and goes out, with the limits changing with liquidity. Every month, the platform adds new promotions, new casino games and new matches to its sportsbook. We recommend that you follow Cloudbet on social networks such as Twitter, to keep up to date with the promotions it offers.

The price of Bitcoin has regained the $10,000 mark and it will most likely stay above it. Meanwhile in the discussion about digital money there are not only warning voices.

The digital currency Bitcoin has risen significantly on Thursday and has crossed the $10,000 mark. In the afternoon, the price on the Bitstamp trading platform climbed to 10,484 dollars. Before the rapid rise it had been traded at 9280 dollars.

“For the sudden price jump, the dissolution of numerous short positions could be detected,” commented Timo Emden, analyst at Emden Research. Investors speculate on falling prices with short positions. On Tuesday and Wednesday, the American Senate’s scepticism about the planned Facebook currency Libra caused prices to collapse. On Wednesday, the Bitcon reached 9050 dollars, its lowest level since mid-June.

“Bargain hunters could now push the upward rally,” writes Emden. But it could also only be a technical counter-movement. The danger of larger setbacks remains. It is this volatility that causes skepticism among stability-oriented investors. Because the price of the Bitcoin fluctuates often and strongly, it is not suitable the Cyberdevise as a value store.

Weidmann pleads for cautious handling of digital money

Despite all scepticism, digital currencies such as Bitcoin have benefited from the plans published in June by the social network Facebook, which wants to establish its own currency called Libra by 2020. Following the publication of these plans, the Bitcoin exchange rate rose to more than 12,000 dollars – the highest level of the year.

Politicians, central bankers and financial supervisors have so far expressed skepticism or concern about Libra. Jens Weidmann, President of the Bundesbank, is also in favour of a cautious approach to digital money, but sees potential advantages for consumers in all risks. “There is no reason for alarmism, but for vigilance,” Weidmann said at the meeting of the finance ministers of the G7 states in Chantilly, France.

• According to Weidmann, digital currencies such as Libra could in particular facilitate cross-border payments, which are currently often still very expensive for consumers.
• Facebook wants to protect Libra from extreme fluctuations in value by linking the cyber currency to other major currencies.

The mining of the crypto currency Bitcoin should provide according to a study of three scientists of the TU Munich for an annual output of 22 to 22.9 million tons of carbon dioxide (CO2). The emission lies between that of Jordan and Sri Lanka or for instance a large city in a highly developed industrial country such as Hamburg. This is based on an energy consumption of 45.8 trillion watt hours per year, as determined by the researchers in November 2018.

Bitcoin mining is the mechanism with which the decentralized network of the crypto currency processes transactions. Bitcoin is said to be the future of all currencies. The transactions are entered into checksum-protected blocks of the distributed database Blockchain – and the right to create a new block is distributed through a hash puzzle in which computers worldwide can participate. Anyone who successfully propagates the next block with a valid hash value to the network can currently earn a reward of 12.5 bit coins for doing so. So the creation of new money is done at the same time. The reward is halved at regular intervals until the defined money supply of 21 million Bitcoin is reached.

The armor spiral of mining

In addition, the difficulty of the calculation also adapts to the computing power gathered for mining approximately every 14 days. In recent years, this has been a real arms race for mining hardware – from CPUs and GPUs to FPGAs and currently ASIC-based mining computers, which are rapidly becoming obsolete thanks to ever more efficient generations. Hashing performance, difficulty of the puzzle and therefore the hunger for energy have increased considerably. Mining is only worthwhile on a large scale in a data center or in a computer network called a mining pool.

1. An overview of the power consumption and environmental impact of the Bitcoin is of course desirable in order to be able to discuss the costs and benefits of crypto money objectively.
2. This is exactly what the researchers want to contribute with their study published in the journal Joule.
3. The problem with such studies is however: Where the Miner sit, which devices supply the achievement and from which source they receive river for it, that knows nobody so exactly.

Who mines where and with what?

Only estimation methods remain here: Among other things, the research team consulted documents submitted by hardware manufacturers Bitmain, Ebang and Canaan for IPOs in order to determine market shares and thus draw conclusions about the hardware used. In order to estimate how much mining is done on a large or small scale, the distribution statistics in the large mining pools such as Slushpool were examined. About two thirds of the power probably came from large mining farms, where factors such as cooling were also included in the calculation of energy demand.

For the question in which countries the miners could be located, the research team accessed IP addresses. These came from mining pool servers, active mining computers and nodes in the Bitcoin network, which first propagated new blocks. According to the pool analysis, 68 percent of the mining capacity is likely to come from Asia, especially China. 17 percent came from Europe, 15 percent from North America. The determination of ASIC miners via the IoT search engine Shodan, on the other hand, produced around 2200 Bitmain computers, 19 percent of which were distributed in the USA, 16 percent in Venezuela and only 4 percent in China.

Alternatives to mining

Nevertheless, the researchers finally calculated a CO2 footprint on the basis of the electricity mix in the more or less certain home countries. In China, for example, it was also taken into account that about half of the miners in the hydropower-rich south prospect, the other half in the more coal-fired north. “The CO2 equivalent of Bitcoin is thus between 82 and 83 in the list of global emitters,” explains Christian Stoll, one of the authors of the study. “Even if there are more important factors for climate change: The CO2 footprint is so large that it provides enough reason to discuss the regulation of crypto-mining at sites with CO2-intensive electricity production,” Stoll said.

Stoll calls for mining facilities to be relocated, especially in areas where there is sufficient electricity from renewable sources. Another approach would be to replace proof-of-work in mining with another mechanism. The second major crypto currency, Ethereum, has taken up this cause, and the direct use of crypto money is intended to replace the work of the miners (proof-of-stake). But the introduction of the procedure has already been postponed several times. And in the Bitcoin scene this debate does not play a major role, probably also because it is contrary to the economic interests of the miners.

The Bitcoin share surpassed the $9,000 mark yesterday and reached a new year high of $9,008.31. The joy did not last long, however, because overnight the price briefly returned to the 8,200 dollar range. However, the strong performance since the beginning of the month can hardly dampen this.

In the course of the morning the Bitcoin could limit the losses to around five percent and is currently quoted at around 8,300 dollars. Since May 1, the share price has risen by around 56 percent. This means that the crypto currency is just before the fourth month with rising prices in a row – it would be the longest profit series since mid-2017. Since the beginning of February, the price has risen by more than 140 percent.

In view of this performance, THE SHAREHOLDER had repeatedly pointed out that interim profit-taking is quite normal and no reason for panic. From a chart technical point of view, both the horizontal support in the 8,000 dollar range and the medium-term uptrend line remains unchanged bullish. The short- and medium-term with it – five-digit courses moved according to estimate of the SHAREHOLDER again into seizable proximity.

Seasonal factors could provide additional support, because historically June is a good month for the Bitcoin: In the past seven years the Bitcoin has made five gains in June, only twice the price fell on a monthly basis.

Altcoins also weak

Similar to the leading crypto currency Bitcoin, most of the old coins are also trading clearly negative on Friday. This is to be explained primarily with profit taking and the generally weak total market before the weekend.

In the Top 10 after market capitalization Bitcoin SV loses the most violently with over 15 per cent minus – before the price had increased however above average strongly. New rumours that Craig Wright, the head of Bitcoin SV, hides behind the pseudonym Satoshi Nakamoto, caused the share price to rise by up to 150 percent within a few days. The SHAREHOLDER advises however not to take this statement too seriously.

1. In the wake of the Bitcoin also the share of the Bitcoin Group loses approximately four per cent, after it had marked at the beginning of the week with 45.40 euro likewise a new yearly high.
2. The large correlation between the Bitcoin and the share of the operator of the commercial platform Bitcoin.de is sufficiently well-known – therefore today’s losses are no large surprise.

Controversial SEC meeting

Today, Friday, the crypto scene is looking forward to Washington, D.C., where the US Securities and Exchange Commission (SEC) has for the first time invited to the “FinTech Forum“. The focus of the event will be on the exchange of information on topics related to digital assets and distributed ledger technology.

While many crypto enthusiasts see the meeting of industry experts and representatives of the regulatory authority as an opportunity for regulatory convergence, crypto companies and start-ups in particular criticized the unclear and sometimes contradictory rules of the authority in advance. The fact that there are hardly any representatives of crypto companies among the speakers at the event does not make things any better from their point of view.

Be it the invention of printing, the introduction of radio and television or the last great revolution, the Internet. This has always changed the form and nature of social interactions. With the creation of the Bitcoins, the next big change is taking place right under the eyes of billions of people and this time it is even about money.

Casinos online are always on the lookout for a secure and, above all, inexpensive payment transaction. Because that lowers the costs and gives us players the degree of freedom to decide what we value.

All this offer these new crypto currencies and still much more and are therefore responsible for it, why so-called Bitcoin Casinos shoot like mushrooms from the soil. What there is, however, for us players to consider, so that out of euphoria at the end no bad awakening follows, you learn here on this side.

Bitcoins is by far the best known representative of crypto currencies. In the meantime, countless online shops and even classic shops in the cities offer these cashless payment transactions. No wonder, then, that more and more virtual arcades are jumping on the bandwagon and declaring themselves Bitcoin Casinos. It is getting bigger and bigger in many spanish speaking countries too, as you can read at this website.

What types of Bitcoin casinos are there?

Bitcoin casinos usually differ in two different ways. One of them is the pure Bitcoin Casino, which does not accept any other means of payment other than the crypto currency. Without appropriate client software and the Bitcoin Wallet connected with it nothing runs here at all. All deposits and withdrawals are only processed via this special system. So here you cannot use some of the most common payment methods from online casinos and are bound to the full extent to the use of Bitcoins. The big advantage of these pure Bitcoin casinos for us players is that there are almost never any fees for transactions, as these are almost always taken over by the Internet casino due to the low prices. Also, no fees are charged on transactions here, for example to subsidize another form of payment, such as credit card. Another advantage is the usually very fast processing of all deposits and withdrawals. These last in the rules, provided that in the Bitcoin Casino no complex examinations delay the whole, only few minutes or maximally a few hours.

In pure Bitcoin casinos all monetary values, from the online casino bonus over the own assets, up to the bets and win at the slot machines only in the crypto currency are indicated. Especially when we as players venture into the world of Bitcoin casinos for the first time, the exact value of the offered casino bonuses should be converted into our own local currency. This will give us a feeling for the real value of the Bitcoins over time.

The Bitcoin Bonus – the still unknown creature in online casinos

The increasing acceptance of Bitcoins in online shops, donation sites and by governments of individual countries has also significantly increased the number of Bitcon casinos in the last two years. This naturally leads to the question of whether we players will find a very special Bitcoin bonus here. And the answer is simple. Of course, this form of online casino is now available in every good virtual arcade that accepts this form of payment. And just as there is the casino bonus in all possible variants, so the Bitcoin bonus is also available in almost all known forms. Most important is the welcome bonus, which works here in the Bitcoin Casino just like the well-known original with any other currency. For us gamblers there are unique or staggered welcome bonuses in Bitcoins, even a mixture with free spins is no longer a rarity. Due to the fact that the crypto currency is treated in the same way as any other form of money in online casinos, players can also expect a lot of realod bonuses. In addition, there are cashbacks, bonus codes and other small gifts, all of which as Bitcoin bonuses should make gambling as pleasant as possible. There are also no stumbling blocks in the bonus terms that will get in our way. However, it is important that all rules are read beforehand so that there is no bad awakening later and any winnings achieved can be paid out without hesitation. The bonus conditions in a Bitcoin casino should also be fair and offer them sufficient opportunity to fulfill the turnover and time window.

The majority are hybrid Bitcoin casinos

While the virtual gambling halls, which only accept the crypto currency as the sole means of payment, are still quite modest in their number, the number of hybrid Bitcoin casinos has increased by leaps and bounds. As the name suggests. These are online casinos that allow Bitcoins for transactions. And so all forms of the welcome bonus can be found here in the usual form as well as in the crypto currency. Due to the offer of both forms, the actual value of the two bonuses can also be compared here excellently.

• Depending on the exchange rate between the crypto currency and the local currency, which is sometimes subject to strong fluctuations, we players get more or less real value for the Bitcoin bonus.
• Another big advantage of hybrids is that we can decide for ourselves whether we prefer to gamble with Bitcoins or other funds.
• This also gives us more flexibility in the choice of payment options when we sign up here.
• In terms of bonus terms, a hybrid Bitcoin casino does not differentiate between the payment methods you choose, so the same rules apply to everyone.

It is no longer a secret that BTC is a great investment asset, as you can read at www.tynmagazine.com for example. On Bitmex crypto currencies are not traded directly but contracts. All contracts are traded against Bitcoin, so you have to send Bitcoins to Bitmex first. The platform is particularly popular with experienced traders, as crypto currencies can be traded with a maximum leverage of 1:100. The prices can also be shortened. So you can also bet on falling rates.

Sometimes more than 40% of Bitcoin trading takes place on Bitmex. At the end of my experience report you’ll also find a video in which I briefly explain the platform and give instructions on how to trade on Bitmex. If you use the link to Bitmex you save 10% of the trading fees in the first 6 months.

Crypto currencies for trading

It is important to understand that crypto currencies are not traded directly on Bitmex. So if you buy on Bitmex Cardano or TRON, you cannot withdraw your credit. Rather you buy contracts from the crypto currencies. These run either for a certain time or expire sometime. On Bitmex, contracts are traded for the following crypto currencies: Bitcoin, Bitcoin Cash, EOS, Ethereum, Litecoin, TRON Ripple.

Login and Registration

Registering with Bitmex is very easy. No KYC (Know-Your-Customer) procedure is required. All you need to do is enter your name, email address and country of origin and then you can trade millions of crypto currencies.

Register with Bitmex

With my link you also save 10% of the trading fees in the first 6 months.

• Types of contracts (Contracts)
• When you log in to Bitmex you will see the following dashboard.
• Bitmex Dashboard

Under the tabs with the different crypto currencies you can see the different contracts that are traded on Bitmex. These contracts are divided up as follows:

Perpetuals: This contract is most comparable to the normal trading of crypto currencies. It is basically a futures contract that has no expiry date. So you can hold this contract indefinitely. However, you pay a fee every 8 hours. This depends on whether you are long or short and what the other traders do. Theoretically you could also get money to hold the contract if the market disagrees. As you can see, with a perpetual you can also bet on a falling price (“shorten”).

Future Contracts: These are contracts with a fixed term. The contract can expire either at the end of the month, at the end of the next month or at the end of the year. The decisive factor is the fixed price. You can either buy the contract (long go) or you shorted it, then you are of the opinion that the price will be below the fixed expiration price.

Bitcoin UP or Down Contracts: These are contracts made specifically for a market rally. Investors pay a premium to purchase the contracts. These have a limited duration. Differently than with the Perpetuals there is however no danger to be liquidated, if you act with a too high lever. The investor can therefore participate in a market rally until the contract expires.

Margin Trading

The special thing about Bitmex is that investors can trade with one lever. Bitcoin, for example, can trade with a maximum leverage of 1:100 and Ethereum with a maximum leverage of 1:50. However, this does not mean that you should fully exploit the levers. Because at a leverage of 1:100 you would already be liquidated and lose your entire stake if the price falls by only 1% (assuming you are long).

Personally I trade mostly with a leverage of 1:3 but always depending on the market situation. Margin trading also has the advantage that you don’t have to send your entire balance to the Exchange to trade. Assuming you want to trade 1 bit coin, you only have to send 0.33 BTC to Bitmex and can trade with a leverage of 1:3. So you are holding a position that is worth 1 BTC, but have only a third of it on the Exchange. You borrow the rest from the Exchange. This is especially safe if the Exchange should be hacked once. At Bitmex this hasn’t happened yet.

Trading on Bitmex

• You can set your order at Bitmex in the dashboard on the left side (marked red here).
• First you have to choose what kind of order you want to set. The following orders will be offered to you:
• Limit Order: With the Limit Order you can set how many contracts you want to buy and at what price. The order will only be executed when the price can be reached on the market.

To compare Bitmex with Deribit follow this link: http://www.bestbitcoinexchange.net/vs/deribit.com+bitmex.com

There are already warrants on Bitcoin, but other investment products could follow soon. Before that, however, important questions would have to be clarified.

The mills of financial supervision grind slowly, but they grind: For years, the American financial supervisory authority SEC has been dealing with Bitcoin and financial products based on it, such as funds. Other questions are also being clarified: What is Bitcoin actually and why has it attracted so many traders? Digital currency or a new digital asset class? Only when these questions have been clarified can corresponding investment products be offered. Bitcoin has attracted a lot of people for different reasons, a big industry for BTC is gambling.

Bitcoin is listed in the United States as a kind of commodity. That’s why the CFTC is responsible for Bitcoin, although it usually deals with financial products such as gold or oil. But it was also she who gave the green light for futures on Bitcoin. These warrants are used to bet on future developments, such as rising or falling prices. For example, they are traded on the Chicago Mercantile Exchange (CME) or the Chicago Board Options Exchange (CBOE).

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Price formation is too intransparent

And this is exactly where the problem of Bitcoin funds lies. Pricing is too intransparent, which is why funds have repeatedly been rejected. However, these are not approved by the CFTC, but are the responsibility of another supervisory authority, namely the SEC. The best-known victim was recently an exchange-traded index fund (ETF) on Bitcoin, which “Pro Shares” wanted to offer. Its ETF would have been based on Bitcoin warrants, not real Bitcoin.

The SEC, the Securities and Exchange Commission, justified its refusal by stating that neither CME nor CBOE could provide sufficient information on the identity of the market participants involved in the unregulated spot and derivatives markets. According to the SEC, however, this is precisely where a significant part of trading would take place. In addition, a large part of trading would take place on “unregulated overseas trading venues” and the Bitcoin option markets would not be of decisive size. The ETF of the active Winklevoss twins was rejected because the CBOE could not prove that its underlying market.

Bitcoin – was safe from manipulation

The argument is therefore always clear: the market must finally become more transparent. Therefore also a fund is calculated very large chances. The provider Vaneck would like to launch a fund, but in contrast to the previous ones he would like to launch a real one.

1. This means that it is no longer just an index that is mapped, but “Van Eck” in this case actually physically holds Bitcoin. This would eliminate many of the SEC’s arguments.
2. Small investors should be protected by the fact that the purchase price in Vaneck’s Bitcoin product is 25 Bitcoin – currently around 200,000 dollars.
3. Currently, a total of nine funds are awaiting SEC approval.
4. A deadline to answer open questions was recently met overtime.
5. At the end of the year or beginning of next year the first Bitcoin fund could then start.