To review a Bitcoin betting site, there is a criteria you must base your points on. The list of criteria is extensive for a Bitcoin betting site to meet. Still, with how saturated the market is with bitcoin betting sites, it’s only fitting to make it difficult to meet players’ expectations and a few sites have managed to and one of them includes Mega Dice – earning the right to be called one of the best Bitcoin betting sites out there in 2024.
Each Bitcoin betting site must provide players with the following benefits:
Fast Transactions
Bitcoin betting sites have no excuse for not offering a faster transactional time than traditional betting sites that use fiat currency such as pounds, euros, dollars or any local currency.
The reason why is that fiat currency is conducted through bank transfers that can take several days to clear your transaction. However, with Bitcoin, it’s a peer-to-peer transaction with no need for third-party involvement, so transactions should be as close to instantaneous as possible – this is one of the key basis of criteria for reviewing Bitcoin betting sites.
Mega Dice, the crypto-centric casino and sportsbook, offers fast and frictionless crypto payment systems. Supporting a range of cryptocurrencies, Mega Dice ensures that deposits and withdrawals are processed via the blockchain, completing transactions within minutes. The integration of WalletConnect adds an extra layer of convenience for users, enabling connections to various Web3 wallets like MetaMask and Coinbase.
No Conversion Necessary
A good Bitcoin betting site wouldn’t require you to convert fiat money into bitcoin on their platform based on their set conversion rates. The Bitcoin betting sites should allow you to use the bitcoin you acquired elsewhere that doesn’t limit you to one conversion rate and makes getting set up with the site smooth, since there are no extra steps included to make conversions.
Mega Dice supports a variety of cryptocurrencies, allowing users to deposit and play with coins like Bitcoin, Tether, Litecoin, Ethereum and more. This avoids unnecessary conversions, providing users the flexibility to utilise the cryptocurrency they prefer without being restricted to a single conversion rate.
Low Fees
Since cryptocurrency is decentralised, eliminating third-party involvement in transactions such as banks, this should reduce the payout for those involved in the transaction. This means the only fees that need to be paid should be towards the Bitcoin betting site.
The best Bitcoin betting sites will have the lowest fees compared to the competition, finding multiple ways to monetise their site while reducing their footprint by taking cuts of the stakes and fees they take from customers.
Mega Dice does not charge any payment process fees whatsoever and ensures that transactions are conducted directly through the blockchain, minimising third-party involvement and fees associated with traditional banking systems.
Related: Top 4 Biggest Crypto Betting Currencies Accepted By Mega Dice
Privacy
Bitcoin betting sites shouldn’t be attempting to extract personal information from you. You should only need to enter the necessary information about your secure Bitcoin wallet to deposit and withdraw from the Bitcoin betting sites.
The less information you provide to the Bitcoin betting sites, the better. Some will ask for a photo of an ID card. However, the only information you should present from your ID is your photo and name – nothing else.
Still, the ideal circumstance is to present no personal information at all to protect your anonymity.
Mega Dice adheres to privacy standards by focusing on a ‘No KYC’ approach, allowing players to enjoy the platform anonymously. With no requirement for a government-issued ID, Mega Dice ensures that user privacy is maintained while providing a secure environment for betting activities.
Bonuses
Crypto betting bonus rates are usually higher than fiat currency betting rates. Bonuses are crypto offered to players by the Bitcoin betting sites to incentivize them to make bets in hopes of taking a cut from their winnings or offered freely to newcomers to get them invested in betting.
Mega Dice offers a compelling 200% matched deposit bonus of up to 1 BTC and 50 free spins for new players. The generosity extends to ongoing promotions and a loyalty program, ensuring that registered players continue to enjoy perks and incentives.
Reputation
With many mainstream or indie platforms out there dedicated to reporting on the crypto community, Bitcoin betting sites will be under their radar to direct audiences to the best sites and notify them which sites to stay away from.
A Bitcoin betting site that has been reviewed by a reputable publication or has accumulated many positive user reviews will reinforce a good reputation for a Bitcoin betting site. The best Bitcoin betting sites would have permission to highlight certificates, quotes, or labels of approval by renowned reviewers or commissions onto their websites.
Mega Dice stands out with its growing reputation in the crypto gambling community. As the world’s first licensed crypto casino accessible via the Telegram app, Mega Dice has also teamed up with leading software providers to provide the platform with games from reputable brands such as Pragmatic Play, Hacksaw Gaming and Evolution Gaming.
While continuously updating bonuses for both casino games and sports betting, Mega Dice is positioned to maintain and enhance its reputation as a frontrunner in the gambling cryptocurrency 2024 landscape. Mega Dice’s list of bonuses and promotions can be found on its official website.
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