All transactions within the Bitcoin network are immutably & permanently registered in the blockchain. That includes details like sender & recipient address, time, date and BTC amount. In simple words, if you know the Bitcoin address of someone or the id of a transaction hash, you can search all their fund transfers.
The fact is that BTC addresses do not contain any personal data. If you safeguard your wallet’s address, nobody will know who you are, even if all your transactions are publicly available on the transparent blockchain. Possible KYC checks from gambling sites or crypto exchanges are weak points.
Bitcoin Betting Sites
Bitcoin (BTC) was the first cryptocurrency ever to exist. Since its initial circulation in 2009, this digital coin brought forth a revolution on many fronts. In the beginning, it was just a niche tool, known to only a few tech-savvy people, but nowadays, you will see its name daily on almost all mainstream online media. Bitcoin’s cryptographic algorithms hold decentralization and neutrality as its key elements. Geographical borders and local banking regulations can not restrict a peer-to-peer BTC transaction in any way.
Naturally, its adoption by the online gambling industry was only a matter of time. Crypto gambling is becoming more and more popular, and Bitcoin betting sites are the tip of the spear. Stay on our article to find out how Bitcoin bookmakers can add significant value to your sports betting.
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