Best Crypto Betting Sites
When the first cryptocurrency was established in 2009, it did not take long before some clever investors started exploring its use for gambling. And after a decade, different cryptocurrencies are being used for online gambling, and hundreds of crypto betting sites have been launched to fill this massive new demand. Out of the competition for the best cryptocurrency gambling site, a few betting platforms emerged as leaders in the new online gaming sector.
In 2020, these platforms continue to expand, providing new ways to place wagers while pushing innovations in cryptocurrency gambling. If you are looking for the best crypto betting sites, then you are in the right place. Continue reading to learn more.
What Are Crypto Betting Sites?
Crypto betting sites are gambling platforms that accept cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Stellar, Ripple, Ethereum Classic, Zcash, and others. Some sites only allow their players to use one type of cryptocurrency, while others provide them with a vast array of options to select from.
The good thing with crypto betting platforms is that they not only offer a massive range of sports betting markets and options but also have lots of amazing bonuses and promotions. Additionally, they have state-of-the-art security measures in place to ensure that their customers’ sensitive information is well protected.
How to Select the Best Crypto Betting Sites
When looking for betting platforms that accept Bitcoin or any other type of cryptocurrency, it’s worth looking around to identify the best destination for you. There’re just a few things that you need to consider before picking your favorite platform. Currently, there are many betting websites that claim to be crypto-friendly, but some of them do not meet the needs and requirements of different players.
Therefore, it is essential to know some of the things that you should look for when selecting your gambling site. All of the recommended crypto betting sites have everything that punters need. The only difference is the site design, the promotions available, payment methods, and betting markets. If you are looking for a new cryptocurrency betting platform, you should ensure that it has the following features:
Bonuses, Promotions, and Free Bets
An excellent crypto betting website provides all new customers with a generous welcome offer. The welcome bonus, however, usually come with some play-through requirements that prevent players from making withdrawal requests until they meet all of them. You should not only look for huge welcome bonuses but also consider their respective terms and conditions. If they are friendly enough, then you can sign-up with that particular site.
Aside from the new player offer, the best crypto betting platform should also allow its players to claim other ongoing promotions such as free bets, reload bonuses, and VIP rewards. Operators that offer interesting betting opportunities, lots of generous bonuses, and VIP goodies should rank higher on your list.
Banking Methods
A good crypto betting website should have various options in terms of deposit and withdrawal methods. The majority of sites have different types of cryptocurrencies for their players to select from. This is great since players have the freedom to select an option that is ideal for them. Apart from the crypto options available, you should also consider the minimum and maximum amounts that you can deposit and withdraw.
Additionally, the minimum bet and the cryptocurrency that you can use to wager are two essential things to put into consideration. Before you can create an account with any crypto betting platform, be sure to check user reviews on various sites such as Bitcoin sports betting Reddit. This will help you know if the site has any unresolved issues regarding payments.
Variety of Sports Markets and Leagues
Some gambling platforms accept wagers on a limited number of sports and leagues. On others, players can wager on everything from soccer to acrobatics. Also, there are some platforms that only allow punters to place bets on the popular leagues in each sport.
The best crypto betting sites should provide all players with an opportunity to bet on both major and minor leagues and sports from across the world. So you should value gambling platforms that provide their customers with the widest selection of leagues, markets, and sports.
Advantages of Betting With Bitcoin at the Best Sites
The crypto concept was something that only engineering and cryptography lovers were aware of when blockchain was released. Since then, the potential, capacity, and implications that it brings are being realized across different sectors, including online gambling.
Today the benefits of this technology are widely known, and the market for crypto gambling sites has become clustered with innovators and entrepreneurs looking to take advantage of this lucrative industry. So what are the primary benefits of using cryptocurrencies for online betting? Here they are:
Extremely Fast Transfers
When you place bets with any cryptocurrency, you will be able to enjoy quick transfers to the gambling platform of your choice. Since it is not regulated by a central authority, the transactions process with ease. And as a result of this, users can expect their transfers to process almost instantly. Also, withdrawal requests take anywhere between a few minutes and 24 hours.
Anonymous and Safe Transactions
If you want to remain anonymous when betting, using cryptocurrencies to make deposits into your account is a perfect option. When making any transactions through cryptocurrencies, all of them are encrypted, making you remain anonymous.
Also, when opening an account and verifying your payments, you do not fill out personal information. This means that the sportsbook does not know any of your financial information. In addition to this, all transactions are 100% safe thanks to the encryption technology that cryptocurrencies use.
Not Subject to Inflation
Since there are only a given number of cryptocurrencies at a certain time, the marketplace is free from any inflation. It means that unlike other currencies that can change based on what the state decides, crypto prices are not affected like them. However, the value can change in relation to other popular currencies like the dollar or Euro.
Transaction Fees are Friendly
Nearly each crypto transaction is free. There’s no fee for transferring crypto coins from one address to another, meaning the massive large cost of processing transactions isn’t a factor for cryptocurrency bookmakers. Processing transactions is the main expense that many betting platforms face. But with cryptocurrencies, these are non-existent. Only a small fee is required for processing costs and less cash for support staff and associated expenses.
The good thing is that punters don’t pay the small fee themselves, since many sites accommodate it. They use smaller bonuses, VIP rewards, and other promotions to collect the fee. The betting platforms pay a fee for each deposit and withdrawal, which can add up to millions of dollars for the largest bookmakers in the market.
Better Odds and Promotions
As a result of the decrease in operating costs, crypto betting sites are able to offer better odds and lots of attractive bonuses and promotions. Generally, players will find more competitive odds, huge promotions, generous free bets, and friendly VIP rewards. While this isn’t always the case at each sportsbook, the crypto gambling industry as a whole offers the best odds and offers.
How to Gamble With Crypto at the Best Sites
To start betting with crypto, you will first need to purchase some tokens or coins from an exchange if you have a wallet. But if you are new to crypto betting, then you will have to set an account with any recommended site. When creating an account, the site will request you to provide some information like an email and a strong password. Once you have a Bitcoin wallet with some coins or tokens, the next thing is to deposit them into your account.
To make your first deposit, get a Bitcoin address from your sportsbook, then access your wallet and transfer the amount that you need. Confirm the payment and then visit the bet section and find the markets that you want to wager on. The process is simple and similar to that of traditional sports betting sites. You only need to find your wager, check the odds, and place the bet.
Final Thoughts
Up to this point, you know all the benefits that crypto betting sites offer and everything that you need to know before joining your favorite online gambling platform. In addition, this comprehensive guide also has extra information about how to get started with the best gambling sites.
And with this in mind, you should know that Bitcoin betting is a highly personal experience, and different players have their favorite products or games. All of the recommended betting sites have their respective strengths. So you should ensure that the option you pick is a perfect match for you.
Whether you are new to crypto sports betting or a seasoned player, you should remember to gamble responsibly. Doing so will help you take full advantage of the different benefits that cryptocurrency gambling sites offer.