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This is especially important for online betting, where there is always a risk of fraud. Another advantage of Bitcoin betting is the fact that it is completely transparent. All transactions are recorded on the blockchain, which is a digital ledger that is publicly accessible. This makes it easy for players to verify the fairness of the games they are playing, ensuring that there is no cheating or manipulation. Bitcoin betting is also secure because it uses advanced encryption technology to protect the transactions.
This ensures that the funds are safe from hackers and other cyber threats.