Online bookmaker Pinnacle has instituted Bitcoin as a new deposit and withdrawal option for its Euro account customers.

Last week, the Malta-licensed Pinnacle sent emails to its Euro account customers confirming that they could begin using the cryptocurrency as a method of payment via the Atlanta-based Bitpay payment processor. Pinnacle isn’t yet allowing punters to maintain Bitcoin account balances, as all wagering will continue to be conducted in fiat currency.

Bitcoin-based account deposits are free but limited to €8k per 24-hour period. Customers are allowed one free Bitcoin-based withdrawal per month, while additional withdrawals will cost €12 and are limited to €2k per 24-hour period. That said, failure to roll-over deposits at the required 3x level will result in an additional 3% charge on the deposit value.

Bitcoin deposits are expected to be confirmed within one hour, while withdrawals are broadcast to the Bitcoin network daily, usually around noon GMT, at which point the prevailing Bitcoin value will be used for conversion purposes.