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The use of Bitcoin in gambling

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The use of Bitcoin in gambling
Source: Pixabay

If you are into finance and changing online currencies, then you have probably heard of Bitcoin [BTC]. One of the best features of Bitcoin is its transactions speed. It also provides security of the currency, your potential personal details are not shared and avoids fraudulent behavior from taking place.

The Digital Currencies are growing

Bitcoin and other cryptocurrencies continue to grow in significance and popularity. In the beginning, for a long time, the only supporters of Bitcoin were the people that adopted it, people who support the idea of market freedom and people passionate about the technology.

Bitcoin did not reach the critical mass with the general public but apparently, it is becoming quite a widespread mainstream of adopting the digital currency. A lot of people believe including the vanguards of Wall Street Journals, that the adoption of digital currency is inevitable. Personally, I believe the current currencies will not fall so easily and the digital currency will serve other purposes.

In late January, the Wall Street Journal’s opinion was that Bitcoin matters more than most people think. They also noted that the digital currencies will imbalance the financial industry. These kind of news are not really breaking news for the early adopters of Bitcoin. However, the news represents a seismic change in the thinking of traditional financial media. The adopters are concerned for the current Bitcoin exchange, which is considered unimportant in the big picture of technology implications.

The Gambling Industry being Transformed

Bitcoin and the cryptocurrency technology can transform various industries. In fact, it has the biggest impact on the online gambling business. Bitcoin and online gambling have already formed a mutually beneficial relationship, which grows stronger together. As an example, Gametwist Online Casino can offer payment in Bitcoins and it’s one of the few online casinos that have this kind of beneficial exchange. In addition, the players are slow to embrace the Bitcoin that did not stop growing in the payment conduit. Now, there is a rising number of online gaming businesses which are built to be Bitcoin-centric. This new wave of online gaming operators is light years ahead of their more rooted competitors with their Bitcoin and cryptocurrency influence.

Despite that, few established gaming brands, like Gametwist mentioned above have adopted Bitcoin and it is becoming a popular option for players. The exact percentage is hard to quantify, Bitcoin experts already suggest that casino, poker, and other gambling activities represent a significant portion of daily cryptocurrency volume.

Bitcoin exchange has surpassed the Western Union over a year ago and now is going towards PayPal. Regardless of the percentage and exchange, Bitcoin is considered the best coin gambling operators are looking for. Overall, Bitcoin has the potential to become more popular in the online gambling industry. Some casino websites have already incorporated Bitcoin as a different option for players. This is just the beginning and it is more likely that the Bitcoin will be used more often and in other industries as well.



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Press Release

SnapEX: a Contract Trading Platform for everyone-Featuring as app, A web Trader and Discounted Fees

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A Contract trading Platform for everyone--Featuring as app, A web Trader and Discounted Fees
Source: SnapEX

Hong Kong-SnapEx, a new cryptocurrency contract trading platform has just launched a web trader and offering 50% off its transaction fees until further notice.

Contract trading – a financial instrument that allows traders to profit from market movements without owning the trading asset – is relatively new in the crypto market. There are only a few platforms offering crypto contract trading and are mostly catered for experienced traders. SnapEx, on the other hand, is created for the every day trader – making it an ideal option for everyone from first-time to seasoned traders.

Unlike other contract trading platforms, the digital asset prices on SnapEx are far more stable – achieved by using a K-line weighted average drawn from 4 major crypto exchanges. There is also zero platform spread which minimizes slippages.

Users can trade contracts on SnapEx from as low as 5 USDT and leverage as high as 100x. The low entry bar into contract trading on SnapEx aims to attract both crypto and non-crypto traders while encouraging greater adoption of the blockchain industry.

Ee Wui Yang, the CMO of SnapEx, said,

“We created SnapEx for everyone, no matter your age, gender or trading expertise. In fact, we’ve made it as easy as possible for even novice users to trade easily on our platform. We have lots of plans to roll-out in the near future, and we can’t wait to share the news with all of you.”

With the official launch of SnapEx web trader, users can choose to trade using the app, web trader or both. Those who prefer trading exclusively on a PC or laptop can now trade easily from their desktops.

SnapEx web trader features an integrated trading view, industrial grade charts, a full range of TA tools, and modular viewing panels that allow users to shift layouts to their preference – including choosing between light or dark themes. The user-friendly toolbars on the web trader also allow users to quickly gain access to available trading pairs on the platform.

With SnapEx contract trading, you can easily hedge market risks with only a small amount of capital and without needing to purchase the actual trading asset. In addition, SnapEx contract trading does not have an expiry date, which allows the flexibility to close positions according to market changes.

Since its launch early this year, SnapEx has entered into a series of strategic partnerships with industry-leading platforms like EcoTree [South Korea’s leading new cryptocurrency promotion company], Coin25ex [a large real-time cryptocurrency trading platform based in South Korea], and Bestex [a professional digital asset spot trading service provider].

Ee Wui Yang, the CMO of SnapEx, stated,

“These tripartite partnerships were made in a bid to create greater value for all our traders, with both parties reaching a consensus of empowering user autonomy and returning real value to our users. We’re in this for the long haul and looking forward to making crypto contract trading accessible to everyone.”

SnapEx is rapidly expanding, continuously improving its products and offerings, and currently in the process of securing more key partnerships to multiply value for crypto contract traders and bolster relationships within the blockchain industry. The team is in this for the long haul and committed to becoming a new global force in this exciting, bourgeoning cryptocurrency trading space.

About SnapEx

SnapEx is a global service-oriented digital currency contract trading platform created and managed by a professional R&D and dedicated management team. The platform provides a user-friendly yet robust trading system, secure and rigorous fund management, and intimate services.

SnapEx is headquartered in Hong Kong and has offices in many parts of the world, including Seychelles, Singapore, South Korea, Japan, Malaysia, Vietnam, and many more.

With its easy-to-use and systematic trading solutions, SnapEx encourages users to make more rational professional contract trading decisions in a verifiable, self-disciplined, and programmable manner.

Media Contact

Daniel Mehta

+60106540023

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