Since its heyday, Bitcoin has been a flourishing entity that’s become larger than it is. People seem to love its investment value, innovative features, and a myriad of possibilities. Efforts to bring it outside the online space are now being made to tap into a wider scope of market.
But you’ll be surprised how many of those who are interested in the platform stop engaging further just because they don’t know what to do with it. If you’re one of them, don’t worry. We’ll help dissolve your fears.
Start with this: learn how to acquire Bitcoin. Buying your first coin is easy, and using it is even more trouble-free. This bitcoin guide will take you there.
Step 1: Set up your bitcoin wallet
Before anything else, the first thing you have to do is to find a place where you can safely store your Bitcoins. This is in the form of an online wallet. Since Bitcoin doesn’t have a physical form, you’ll need a desktop or mobile application or a hardware to keep it.
You will also use this wallet to be able to engage in online transactions. You can use app wallets like blockchain.info or hardwares like Trezor, which are the most popular and trusted variations.
Step 2: Buy your Bitcoin
It’s time to get those coins. If you’re stuck figuring out how to buy Bitcoin, purchasing them through an online exchange is the easiest way to go.
Find a reliable exchange website where you can trade your cash to Bitcoin, just like how you do it when you’re converting your money to other currencies. You can do it on popular sites like Coinbase, Kraken, Binance, and many more who also offer other payment options.
Step 3: Transfer the coins to your wallet
Once you got your cash converted to Bitcoin, you can complete your purchase by moving the coins into your wallet. Just select your listed wallet you wish to send the Bitcoin to, and indicate the amount you want to transfer, and wait for it to reflect. Transfer of coins can take up to 60 minutes to 1 day to complete, so don’t worry if your
Step 4: Use it for Bitcoin-based transactions
Now that you’ve learned how to buy Bitcoin and have them sitting in your wallet, you can use them to pay for transactions. When funding your Nitrogen Sports account, all you have to do is generate a wallet address, indicate the amount of Bitcoin you’d like to deposit into your account, and just hit the send button. Within seconds, you’ll have the amount ready for making wagers or withdrawals - fast, cheap, and uninterrupted.
Nitrogen Sports is one of the first sportsbooks that offer a multi-channel platform in online gambling. Bettors get the opportunity to place their bets on sports, esports and play casino and poker all in one place. But at the forefront of this well-rounded wagering experience is the use of the biggest cryptocurrency in the world, that is bitcoin.
This is the newest addition to the growing landscape of online betting and if you want to learn more, the sportsbook offers an all-encompassing instructional content over at Nitrogen Sports Blog where latest news, updates, matchups, betting lines and bitcoin betting guides are published for free.