Bookie Tips: Agents Should Know About Buying Bitcoins
Bitcoin, and other digital currencies, remain all the rage. Online bookie agents prefer to work with digital currencies because, since they aren’t regulated, both agents and their clients can easily deposit and withdraw via Bitcoin.
In other words, Bitcoin doesn’t raise red flags the way that utilizing a good old credit card does.
Most pay per head companies already allow online bookie agents to collect cryptocurrencies. If you’re new to accepting Bitcoin, PayPerHead.com is offering a 5% rebate up to $5000 on their initial deposit.
They also accept, and allow agents to accept a multitude of the most current and popular cryptocurrencies with no transaction fees.
Some agents might wonder how to buy Bitcoins. Is there a way to do this? Yes, there is. Before getting into that, there’s a big update regarding Bitcoin that all agents must be aware of.
Bitcoins: How to Purchase
Just recently credit card companies stated that they are no longer allowing individuals to use their credit cards to purchase Bitcoins. That means to buy Bitcoins, purchasers must use cash.
Does that make it inconvenient? It does. But, it doesn’t make it impossible.
Instead of utilizing credit cards to purchase Bitcoins online, pay per head agents can utilize their debit cards. Or, they can make wire transfers directly from their bank.
It doesn’t take much to do either one of those things. The key is for individuals interested in buying Bitcoins is to find the right platform for them.
For most online bookie agents, the right platform appears to be BitPay. BitPay allows agents to accept Bitcoin payments. It also allows agents to deposit cash and convert that cash into Bitcoins for a 1% fee.
Bitcoin’s legendary safety is in full display via BitPay.
We got this directly from the BitPay site:
“End chargeback fraud and identity theft.
Other payment methods force customers and businesses to shoulder the risks and costs of payment fraud. With bitcoin, customers can pay without handing over sensitive personal information, and refunds are made through the merchant — no chargebacks”
Another Method is Coinbase
Another place where per head agents can start buying bitcoins is through Coinbase. The biggest takeaway from Coinbase is this:
“SECURE STORAGE
We store the vast majority of the digital assets in secure offline storage.”
The word offline refers to what’s called cold storage. No matter how you buy your Bitcoins, it’s important, at a certain point, to put some of your Bitcoins in cold storage.
This is especially true if you believe the price of Bitcoin will remain high.
Learn more about Bitcoin, and other cryptocurrencies that agents may start to see more of.
