Crypto betting is a type of gambling that offers anonymous play with low fees, faster transactions, and top-tier security. This type of betting allows punters to bet on leagues from different sporting events. One advantage of crypto is that it allows bettors to spend their money with absolute freedom.
The regular cryptocurrencies used in crypto sports betting are Bitcoin, Ethereum, Litecoin, and other top coins. Below is an extensive guide as we review all notable features that help to find the best available crypto betting sites for gambling.
How do we rate online Crypto betting sites?
Given the large number of online betting sites available, bettors may have trouble finding a betting platform to wager on. Below are the criteria to consider while choosing a Crypto betting site:
Security & Licensing
Any legitimate betting platform should possess a gambling license from a known regulatory body and security measures should be set in place to protect their customers. Security & Licensing are major factors to consider before joining any online crypto website because the crypto market can be a little more insecure than other currencies. In a region where sports betting is legal, then crypto betting should be allowed too.
A good crypto betting website should possess helpful features to help improve user experience on the website. It should look organized, be easy to use and have well-displayed features. This will ease customers’ stress and make transactions convenient for them.
Customers should enjoy the same customer service on the crypto betting platforms as the customer support they enjoy on the betting sites when they bet with FIAT currency. Crypto betting sites should provide comprehensive information about different cryptocurrencies, methods of payment, and cryptocurrency wallets. This will give enough support to customers and make it easy to make transactions on the betting site.
The wide selection of sports one can stake is an important criterion to consider when choosing crypto betting sites. Bettors should prefer to bet with gambling sites that give them various sports options. This will enable them to have several open bets and maximize their wins.
Bonuses & Promotions
Another vital factor to consider when choosing crypto betting sites is the bonuses and promotions offered. Crypto Betting sites should give free welcome bonuses that are fair and decent to users. Not only should they be given welcome bonuses but they should be able to enjoy other bonuses like; Deposit bonus, Free spin bonus, Faucet bonus, etc.
How to start betting on the sites
Before bettors can start using crypto for betting, they need to secure a crypto wallet where they can keep their cryptocurrencies safe. Below are the steps to follow on how to start betting on crypto sites.
Select a sportsbook
Go to the Google Play store or App Store to choose the crypto sports betting apps available in your region. Check the review for available crypto betting apps and select the one that matches your choice. Then proceed to register.
Registration on a crypto betting platform is an easy process as you are required to fill c
All that will be needed for registration is your name, address, and location to confirm you are in a state that modulates your chosen sportsbook.
For users that already have a crypto wallet, depositing funds into your sportsbook account with crypto is as easy as using other sportsbook deposit methods like credit cards, e-wallet, etc. However, there are a few extra steps involved in crypto deposits, there is an instant reflection of the fund in your betting account after the deposit. To deposit to your betting account, you’ll be needed to copy the deposit address and paste it into your wallet. Be careful and double-check the correctness of the deposit address for correctness before depositing it into your betting account.
Withdraw winnings and Enjoy
Fast and well-timed withdrawals are really important due to the unstable nature of cryptocurrencies. Punters should be careful and always check the current value of their cryptocurrency before withdrawing their winnings. This will help them to avoid the mistake of unknowingly losing a huge percentage of their winning.
< h2>How to deposit with cryptocurrency
Crypto transactions for betting are similar to using other banking methods. Punters should select a gambling site that allows bettors to place their bets with cryptocurrencies.
Bettors should visit the site’s cashier page as soon as they are ready to begin the transaction. The following steps will serve as a guide on how to deposit cryptocurrencies on betting sites.
Create a Crypto Account on the betting site
The first step that intending cryptocurrency bettors must take is to create a wallet. Ensure that you supply the correct information to avoid being restricted from your account. A unique digital address will be sent after registration. This address is tied to the crypto wallet.
Choose your desired cryptocurrency
Punters should select the cryptocurrency they would like to use as a payment method to credit their wallets. Examples of cryptocurrencies that gamblers can use are Bitcoin, Ethereum, Litecoin etc.
Deposit of Funds
The amount of bitcoin that bettors want to stake should be transferred from their exchange account to their cryptocurrency account via the wallet address.
Login to the Crypto Betting site
The next step after depositing funds to your betting account is to log in to the website and provide your login details. Bettors will be given access to their accounts once verification is confirmed.
At this point, bettors will be able to utilize their funds after the transaction is completed.
Popular sports at crypto sportsbooks
While bookmakers provide a variety of events, it is up to the bettor to select the sport on which they want to place their wager. Below is the list of sports bettors can bet on at Crypto sportsbook:
There are several leagues available for betting. Bettors can decide to place their bet on MLS football games, European football games, Friendly football matches, International football games, and all other types of soccer matches around the world.
Basketball also provides several opportunities for putters to bet. The NBA is one of the most common competitions on which bettors place their bets. Other competitions include; FIBA Basketball World Cup, EuroLeague, Basketball Champions League and others.
The Australian Open, French Open, US Open, and Wimbledon are the four main tournaments that make up the tennis season. The major competitions are also referred to as grand slams. This enables punters to have several opportunities to get good bets.
One of the best combat sports that crypto betting websites have is Boxing. There are different categories of events that allow bettors to earn big. There are several boxing matches under professional boxing events likewise the amateur boxing events.
MMA is a sport that is newly introduced to the crypto betting world. Gamblers are opportune to bet in various bet options such as double-up bets, underdogs, and straight bets on the crypto betting site. Punters may bet that one of the fighters wins or loses or the match ends in a draw. Bettors should know the sport to maximize their wins and reduce losses.
Horse Racing has been one of the oldest sports people bet on. Bettors select their horse breeds and place their bet on which of the horses crosses the finish line first. Gamblers have a ton of opportunities to win big on wagers at cryptocurrency betting sites, including bonuses and grand prizes.
export allows gamblers to place their bet with total transparency, security, and freedom. Crypto betting sites allow bettors to place their wager on the results of eSport games with their cryptocurrencies.
Are crypto betting sites safe?
According to a survey, almost 60% of daily cryptocurrency transactions take place on betting sites, so the answer is yes, crypto betting sites are secure. However, there are a lot of betting sites that con gamblers, so you need to be mindful to check the sportsbook’s dependability and validity.
Is betting with cryptocurrency legal?
The law applicable to cryptocurrency betting is dependent on the region where you live. Cryptocurrency betting is legal in regions where regular betting is also allowed.
Do crypto betting sites offer bonuses?
Crypto betting sites offer several bonuses for users signing up for new exchanges mostly after making a deposit, usually a token. They usually come in the form of free spins and cash rewards.
Are crypto betting sites withdraw instantly?
The withdrawal process is not instant but doesn’t take too long. It also depends on the payment method you are using. Usually, withdrawal reflects within 24 hours after initiation.