Crypto betting is gradually becoming popular in the sports betting industry. Plus, betting on sports events with crypto is much easier than you could ever imagine. Mainly, that’s because cryptocurrencies are now mainstream, with millions using them as a preferred mode of payment.
Moreover, you will not face any challenges finding a casino that accepts crypto. Today, thousands of crypto casinos allow you to deposit and withdraw using a range of cryptocurrencies. Essentially, that means more choices for your banking needs. In this blog, we will explore more about crypto betting, including popular cryptos and factors of a good site.
Best Crypto Betting Sites
Usually, the first step to crypto betting is finding a legit and reputable website. Well, if you have been in the industry for a long, that might not be a problem. However, for a beginner, you might wonder, where do I start? Well, don’t stress about it, we have a guideline to help you.
Account Creation Process
Mainly, choose a casino with straightforward registration stages. You don’t want a site that takes ages to set up your account or verify your details.
Bonuses and Promotions
Select casinos with several bonus offers. While at it, ensure the bonus terms are friendly.
Number of Games
License and Regulation
Another thing to check when looking for a good betting site is license and regulation. Great sites have licenses from genuine and strict regulators.
Other factors that determine if a site is worth joining include:
- Customer service
- Loyalty program
- Data safety
- Number and variety of payment methods
Popular Cyptos for Sports Betting
Bookmakers accept various cryptos, with most supporting deposits and withdrawals. What’s more, depositing with cryptocurrencies is fast and secure, making them among the best payment methods. With that, you will mostly find:
- Bitcoin Cash
- USD Coin
Currently, almost all casinos accept Bitcoin. That’s not a surprise considering that this is among the oldest and most popular crypto. Plus, it is easy to deposit and withdraw through Bitcoin, making it a favorite to many.
Benefits of Crypto Betting
Interestingly, there are plenty of benefits of betting on sports with crypto. Currently, bookmakers are accepting these payment providers for good reasons, including:
Perhaps, this is the best reason why you should consider a site that accepts cryptos. You don’t need to share your card or bank details with a sportsbook to make payments through crypto. Typically, you only need a crypto wallet, and you are good to go.
Exclusive Bonuses and Promotions
Several casinos have unique bonuses for players who deposit using Bitcoin or any other cryptocurrency. Usually, this could be a welcome bonus, reload offers, or other surprise giveaways.
Speedy Deposits and Payouts
If you are tired of waiting for your withdrawals to reflect, here is a solution. Crypto betting allows you to enjoy instant deposits and withdrawals. Provided your selected site doesn’t delay processing your cash-out request, it’s possible to receive your money the same day you withdraw.
Higher Deposit and Withdrawal Limits
Here is another benefit that will excite you, more so if you prefer depositing or withdrawing huge amounts. Most crypto-betting casinos have high deposit and cash-out caps. While this is a great thing, always practice responsible gaming.
Enhances Your Security
Crypto betting provides a high level of safety that traditional currencies lack. They are unregulated, meaning you will have more control over your funds. Also, as we had discussed earlier, they don’t require you to share sensitive information. Majorly, that lowers the risk of data theft.
Disadvantages of Crypto Betting
Despite a broad range of obvious benefits, it has its drawbacks, many of which are almost negligible.
Cryptos are Volatile
The price of most cryptos, especially Bitcoin, bounces up and down each day. The limited number of crypto in circulation and high demand makes them pretty volatile. So, you can’t keep a huge amount in your betting account, lest you risk losing a lot of money if the value depreciates.