Bitcoin Forum

If you are into sports betting like me, you are probably familier with Pinnacle which is one of the oldest and biggest name in Online Betting. They now accepts Bitcoins thorugh BitPay. Good news for Bitcoin by a big company.

(Sorry if posted in wrong category)

Yes you not only posted this in the wrong category, but this is not anything new for fiat sportsbooks to accept Bitcoin.
The problem occurs when converting fiat to BTC and vice versa, where you may not get the ideal exchange rate.
That's why I stick with Bitcoin sportsbooks like Nitrogen and Sportsbet, that only deal with Bitcoin.
Don't be lured into fiat books, they are a thing of the past.

Are you referring to this website? https://www.pinnacle.com/en/ because they don't seem to have bitcoin at the bottom of their page as accepted option.

Anyway it could be better to post this in service discussion thread or something. But this is pretty good as well.

This is not in the wrong category and I guess it deserved to be in the bitcoin discussion. This is another good news and it is one among the flooding list of good news surrounding bitcoin. I am no longer surprised that people are holding faithfully to their bitcoins and I will also do the same. This time the mainstreaming of bitcoin is no longer a joke as big companies are entering into the picture.

Yes. I got the information in their newsletter, maybe they will add it later (at bottom of their page).

Yes. I posted this because everyday I see a lot of negativity towards bitcoin and cryptocurrencies in the mainstream media but the reality is completely different with good news coming out everyday.

History has shown us that you either accept the technology/change (in this case Bitcoin) or you are left behind to die.

After you request your withdrawal on their site, do they call you to confirm? someone said in the very beginning they would send a message on whatsapp for the player to confirm the withdrawal

Well, I guess that's good news though. There's already a lot of betting online in cryptocurrency but I guess a new one would spread the name of Bitcoin even if only a handful of the audience got it. Now let's see if it will last or they will remove it.

That's a good thing about the bitcoin acceptance into an old business, who has been one among the top market leader. In the past several large scale firms have got into bitcoin acceptance through bitpay. This service didn't last for a much longer time period as they didn't gain the targeted revenue through bitcoin acceptance.

For their deposits u must use your phone to read a qr code from bitpay
do u have to the same for withdrawals? Do u have to read a qr code or accept the payment from your mobile?

Has anyone tried?

They haven't added it to the footer, but hey have bitcoin in their payment methods as you can see on: https://www.pinnacle.com/en/payment-options

So, they accept BTC now. Let's give it a try and i will report if i have some problems with the withdraw.

That would be really useful, because we not only know which new companies/organization start accepting Bitcoin as a payment but also if everything works fine with all the process and everything you could do inside it.

This is a great way to help improve and expand the community.

Every major company/business that adopts bitcoin as a means of payment be it as a standalone or through a payment aggregator it is good for the bitcoin popularity and exposure. I hope that more sportbooks follow their example. Personally I can't wait to start my ecommerce store and accept bitcoin.  :D

Seems like a good way to verify if the withdrawal came from the rightful owner or just some hackers that does withdraw others money. Though it's still like an email auth verification when you logged in or withdraw from usual services.

Yeah they have the logo but can't see it on the drop down list. Good luck trying them out, keep us updated.

I love paying with cryptocurrencies - most recently BCH and Dash, but I'm no BTC hater - I give every new merchant money because I want them to know that adopting cryptos is profitable.
I'll pass this time since I'm not a fan of casinos and gambling, but this is great news nonetheless.

ok, thanks

Pinnacle is one of the biggest in sports gambling industry, now that they are accepting bitcoin it will make bitcoin popular.
I haven't gambled in Pinnacle, I believe they required KYC, correct me If I'm wrong, but one day I will try.
With bigger site they offer better odds as well, but I believe no point of gambling in big site if I don't really put a big amount to my bet.

I wonder how long the project will work? What are his plans for 2019?

Having bitcoin payment will help them to gain more player and gambler which we know that many gamblers prefer to use bitcoin than fiat. I also have betting account in some online betting online and I always use bitcoin and I think I will try to create an account in Pinnacle and I will play betting.

hmm, i think it will be great for bitcoin for users non gamblres, because with this news i think the bitcoin value can increased, but it will be bad for bitcoin users that use their bitcoin to gambling on that site, maybe they will lost their bitcoin because of that

maybe the publication was made not in that branch, but an interesting site, I want to study it in detail.

does what he takes right, you need to keep up with the news. I will see an interesting site myself, I see his attendance is good.

There is http://easysportbet.co.uk/en/
They are accepting bitcoin directly
Very good broker with low cost
I use his exchange betkeen to bet on horse racing from over two years
However you need to verify your account because it is licensed service

I tought it was video editing software at first (pinnacle studio.I've been interested in sport gambling for long time but too afraid to try.

This is nothing new but still a positive development. If more places accept bitcoin then it will be seen as a widely accepted currency. There are plenty of new betting sites being created via an ICO, but they will have to compete with existing sites that already have a customer base