1xBit: Betting with cryptocurrency

Blockchain and cryptocurrencies have entered many sectors, and online sports betting sector is not an exception. 1xBit, an online betting platform, is one of the newer entrants but it has been offering casino and sports wagers since 2007. On 1xBit.com anyone can try their luck to earn some Bitcoins or more than 20 other coins such as Ethereum, Dash, and Zcash.

The website visitors have a wide choice of betting options: there’s a casino, UFC, and an option to bet on live events and virtual games.

The Ultimate Fighting Championship (UFC) section is the most recent introduction from the company and will definitely delight many bettors. UFC’s popularity has greatly increased and so has its mainstream media coverage with a large number of viewers and fans.

1xBit stakes its game on a transparent and fair play provided by the blockchain technology.

Online betting is known to be a risky business, in no small part because of unfair betting platforms, the so-called bookies. Bookies have been accused of modifying odds and stats, and offering promotions and bonuses to deter users from winning.

But the use of the blockchain makes for a more secure and transparent environment for all involved. 1xBit accepts only cryptocurrencies, and all transactions and payments are stored on the ledger so that anyone can verify them but no one can tamper with the data. Besides, processing of transactions is more efficient compared to traditional sportsbooks.

One more advantage is the enhanced privacy. Regular bookies ask for personal data for new accounts. 1xBit allows its users to create a password and personal account number with one click.

Another attractive thing is 1xBit does not charge any fees when you deposit and withdraw.

The platform has been localized into 46 languages which is definitely another plus for the company.

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