Pinnacle’s European Players can Now Bet with Bitcoin
Members of popular online betting site Pinnacle can now make payments using Bitcoin.
Pinnacle is unavailable to customers in the UK, but has still grown to be a major force in the European online gaming market over the years. It now accepts Bitcoin payments for deposits and withdrawals through BitPay, a Bitcoin payment service provider.
However, there are some key points to be aware of:
- All bets will be made in fiat currency despite being deposited using Bitcoin
- There is no charge to add funds to accounts through the cryptocurrency, but no more than 8,000 EUR can be added in a 24 hour space
- Only one free Bitcoin withdrawal is available per month, with additional withdrawals incurring a fee of 12 EUR.
- On top of this, all Bitcoin-based withdrawals are restricted to 2,000 EUR in every 24 hour period.
Pinnacle is aiming to process all deposits within an hour. It’s a big move for the brand, and suggests they are committed to evolving and embracing growing trends in the online gaming industry.
Betting with Pinnacle
Pinnacle has considerable experience in the online gaming industry, clocking up 20 years’ success since launching in 1998. The brand’s ethos has always focused on a ‘no gimmicks’ stance, aiming to provide customers with the strongest odds and best service. They credit this simple approach with helping them to become one of the biggest online operators in the gaming world.
They are licensed by the Government of the Netherlands Antilles, and they have built a reliable reputation in more than 200 countries across the globe.
Pinnacle features a comprehensive sportsbook with a mix of the biggest and more niche markets, including football, cycling, cricket, snooker, eSports, boxing, tennis, volleyball, basketball, and many more. They also provide a large range of casino gaming options, including more than 700 slots (massive titles like Starburst and Twin Spin), live casino, table games, video poker, virtual sports, and many others.
Pinnacle’s decision to introduce Bitcoin to its range of payment methods is sure to please their European customers looking to try cryptocurrency transactions. One may imagine Pinnacle will relax their fees and restrictions in the future, perhaps if the move brings positive results, though we’ll just have to wait and see.