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Betting in cryptocurrencies is already quite common today (source: www.eyeonannapolis.net)
Are you a passionate enthusiast of cryptocurrencies and sports betting? Would you like to combine your hobby and find a sportsbook that accepts bitcoin or other digital currency? We have good news for you, many sportsbooks now accept cryptocurrencies and allow their clients to make deposits through them. Some of them even allow you to hold an account directly in cryptocurrency, without converting your deposit into FIAT currency. We have selected several interesting platforms that offer a wide range of cryptocurrencies.
Differences in approach to bitcoin and cryptocurrencies
Firstly, we need to clarify that bookmakers do not approach cryptocurrencies in the same way. At one end of the spectrum, we have bookmakers where you can only deposit and hold an account in FIAT currency, and at the other end, we have platforms where you cannot scratch without cryptocurrencies. Somewhere in the middle, we can place companies that allow you to make a deposit through bitcoin or some other cryptocurrency, but automatically convert it into the FIAT currency in which your account is held.
Most international sportsbooks found on our website quickly adapt to market demand and accept deposits or withdrawals through cryptocurrencies. Many of them fall into the middle category – allowing deposit and withdrawal using cryptocurrencies, but after the deposit, it is converted into FIAT currency. Strictly cryptocurrency bookmakers are still only a few exceptions. And it’s no wonder, cryptocurrencies are still not a mainstream issue and deter many bettors.
How to deposit using cryptocurrencies
Initially, you always start by creating an account at the bookmaker. While the main methods for transferring FIAT money remain bank transfer, payment cards, or electronic wallets like Skrill, PayPal, or Neteller, with bitcoin and other cryptocurrencies, it’s different. You most commonly use a crypto wallet or exchange for your deposit, depending on the options your bookmaker offers.
Cryptocurrency transfers are fast, secure, and to a certain extent can also be anonymous. There are indeed bookmakers that will not require any personal details from you. Thus, you can set up an account and remain anonymous.
General procedure for depositing cryptocurrency into a betting account:
Log into your account and go to the cashier or find the button to deposit funds.
From the list of available options, select your preferred cryptocurrency and enter the amount of the deposit.
Make the deposit from your crypto wallet via the blockchain address that is generated for you. Another option is to make a deposit using a QR code.
Betting in cryptocurrencies
Although bitcoin and blockchain technology have irreversibly changed the way we think about money, sports betting remains the same. Betting in cryptocurrencies is just as simple as betting in FIAT currency. The significant difference is only in how you deposit funds into your account.
Betting itself in cryptocurrencies is identical to betting in FIAT currency. After loading funds onto your betting account, you choose an opportunity from the betting markets and add it to your ticket. Finally, you enter the amount of your bet and place it.
List of accepted cryptocurrencies
Of course, it always depends on the particular bookmaker which cryptocurrencies they accept. Generally, the most widespread alternative to FIAT money is bitcoin, which holds a special position in the crypto world because, unlike the uninformed public, the community does not consider it a cryptocurrency. Other most commonly accepted cryptocurrencies include Ethereum, Litecoin, BitcoinCash, Tether, Ripple, DAI, and USD Coin. However, as we have already mentioned, the options may vary from one bookmaker to another.
Bitcoin
BitcoinCash
Cardano
DAI
Doge
Ethereum
Litecoin
Polkadot
Ripple
Solana
Tether
Tron
USD Coin
Frequently Asked Questions
1️⃣ How do I find out if a sportsbook accepts cryptocurrencies?
You can find this information directly on the website of the respective bookmaker, either in the footer of the website (icons of accepted payment methods) or in the section with payment options.
2️⃣ Is it safe to bet in cryptocurrencies?
Yes, betting in cryptocurrencies is completely safe. It fundamentally differs from betting in any FIAT currency only in terms of deposit and withdrawal options.
Comments
Kevin ·
Can you recommend a sportsbook so I don’t have to search?
SlothBet ·
Hello, Kevin,
I would recommend the Sportuna sportsbook.