5Dimes Becomes Latest Online Sportsbook to Accept Bitcoin
Published on:
Jul/24/2014
Popular 5Dimes.com, a US-facing online sportsbook, has become the latest to embrace the anonymous digital currency bitcoin.
5Dimes began accepting bitcoin deposits early this month but withdrawals via this method will be unavailable for the foreseeable future.
Bitcoin will be converted into US currency at the time of deposit as, as such, customers will not be exposed to fluctuations in bitcoin’s exchange rate.
Over the past month, bitcoin has traded slightly above $600 on average across the various exchanges.
To date, only a handful of established online sportsbooks have begun accepting bitcoin to compliment other popular deposit and payment methods.
- Aaron Goldstein, Gambling911.com
