Cryptocurrency is becoming an extremely popular means of payment in the sports betting industry, with hundreds of sites offering this option.
In response to increased competition, bookmakers and online casinos are starting to offer more cryptocurrency bonuses to attract more users and high rollers.
Another reason to bet in cryptocurrencies is the ability to make deposits and withdrawals quickly, as well as low fees and a large selection of games that can be played using Bitcoin and altcoins.
In this article, we will talk about the best Bitcoin sports betting platforms, what is the advantage of bitcoin over fiat money, and how to buy cryptocurrency and place your first bet.
What should be considered when choosing a Bitcoin bookmaker?
A high rating and good reviews about a particular site do not guarantee that it will be the best choice for you. If you are looking for a convenient and secure crypto betting platform, there are several factors to consider.
Jurisdiction
The most important factor when looking for a cryptocurrency bookmaker is whether you can bet from your country of residence.
Reputation
Once you have found a site that works in your region, you should study the reputation of this resource, as well as familiarize yourself with its license. A lot of crypto bookmakers operate under the license of Curacao, a jurisdiction known for its loyal attitude towards gambling.
When studying the reputation of a bookmaker, pay attention to how it resolves disputes with a player, and also study reviews about the site on various thematic forums. Of course, we have already checked the reputation of all the above sites, so you don’t have to do it yourself.
In addition, you should pay attention to how long the resource you have chosen has been working. Older companies with impeccable reputation are preferrable. However, younger companies can compensate for the lack of reputation with various promotions and bonuses, which can also be a plus for some players.
Selection of lines and events for betting
Although most cryptocurrency bookmakers do not differ much in terms of available betting lines and events, some of them offer betting on exclusive sports that their competitors do not have.
Anonymity
One of the main advantages of using cryptocurrency for sports betting is the ability to hide your personal details and financial information.
Why is Bitcoin sports betting so popular?
Cryptocurrencies began to be actively used in gambling about five years ago. Since then, this market has experienced exponential growth, with hundreds of online casinos and betting shops using digital money today. And this is why.
Quick deposit and withdrawal of funds
Cryptocurrencies are decentralized digital money, meaning that the transactions are carried out without intermediaries. This way you can instantly deposit and withdraw funds – some sites even have automatic payouts directly to the customer’s wallet.
Low fees
The factor mentioned above also reduces the transaction cost.
Availability
Sports betting and gambling is one of the most regulated industries. It is not uncommon for gamblers to face legislative crackdowns that reduce the availability of gambling sites. Cryptocurrencies allow you to bypass blocking and play from anywhere in the world.
Anonymity
When betting with Bitcoin, users may not disclose their personal data. Combined with their ubiquitous availability, this makes them one of the most user-friendly betting tools out there.
