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The anonymity of the user during wallet transfers and account creation among some bookmakers which shelters one from government bans on betting in some countries and some taxes Higher betting limits due to the instability of bitcoin and other cryptocurrencies Fast and easy deposits and withdrawals because it is decentralized cash with no intermediaries Lower fees that are almost negligible as compared to other deposit and withdrawal options Makes it possible for a user to exchange their crypto that may be or will be banned in their country Accessibility of the bookmakers globally by surpassing local gambling laws More significant offers with some sites offering as much as 5 Bitcoins. Disadvantages of Bitcoin and Cryptocurrency Sports Betting. However, the crypto sports betting industry is rapidly evolving as cryptos become more and more stable, which will reduce the price fluctuations. Nevertheless, if a user is observant enough, they can even make more money from the fluctuations. 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