Bitcoin Exchange Paxful Makes it Easy to Gamble With BTC

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Bitcoin gamblers received positive news recently after popular Bitcoin exchange Paxful announced its partnership with a Bitcoin casino for a new and easier way of gambling with BTC. Paxful is a peer-to-peer marketplace with its own payment platform (Paxful Kiosk). Earlier this month, Paxful has partnered with Bspin casino, a popular Bitcoin betting platform where you can now gamble away your hard-earned crypto assets through Paxful Kiosk.

A joint statement from the companies stated that the partnership makes things much easier for Bitcoin gamblers and more secure as well. The biggest benefit of the partnership is the fact that you can even buy BTC directly from the kiosk – it simplifies BTC betting a lot.

It’s Now Easier to Bet with BTC

By adding a layer of trust and transparency to the crypto betting community, the latest move is exactly what Bitcoin gamblers wanted. Paxful’s network of merchants accepts over 300 types of payments. It’s not a crypto-exclusive – the platform accepts gift cards, Applebees vouchers and other stuff that you can now use to gamble. This sounds great to us. After all, why should you bet with money only? Now you can use that Live Xbox gift card you had no idea where to spend.

The Bspin team is thrilled for the opportunity. As we all know, payment methods are a crucial part of Bitcoin casinos – the more options you have at your disposal the merrier. More and more casinos are adding Bitcoin to the list of payment options, yet not many give you the opportunity to buy BTC directly from the platform. Concerns over the safety of such a move are now also addresses thanks to Paxful and its kiosk. It’s a partnership that would benefit not only Bitcoin gamblers, but the whole industry as well.

Paxful on the Rise

The Bitcoin betting exchange might be virtually unknown in the USA and Europe, but it’s quite popular in Africa. In 2019, Paxful registered 800,000 new wallets, surpassing the overall number of 3 million. It’s pretty difficult to buy cryptocurrencies in Africa, but thanks to Paxful, the whole process had been made a lot easier.

Paxful’s sellers usually come from Europe or the USA where the market is more open. The Paxful-Bspin casino partnership is not the first one of its kind. Bitcoin.com recently entered the Canadian online gambling market after partnering with Bravio to let its customers buy lottery tickets in Bitcoin and Bitcoin Cash. Just like Paxful, the aim of this move was to bring secure crypto betting to the masses and popularize the idea of Bitcoin betting.

It’s all great news for players who want to bet their Bitcoin holdings privately and securely on their mobile devices. Betting with Bitcoins is a great way to spend your crypto assets. Until recently, gambling has been exclusively tied to fiat currencies. However, things are changing fast – with more and more countries and businesses accepting Bitcoin, the online gambling industry is set to follow.

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November 13, 2019: • No Comments

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