Are you one of those punters who are wondering if they should use crypto to wager on sports betting sites? We have discussed all you need to know about crypto betting here. Let us explain to you how this wonderful payment method works on sportsbooks!
Cryptocurrency is digital cash that is secured by the 256-bit SHA hash functions which is the system used by banks, Virtual Private Networks, and the military.
The SHA function utilizes a unique fingerprint to process each transaction for sports betting with Bitcoin. Reconstructing this function can be difficult.
Guide to Sports Betting for Crypto
This section will guide you on how you can get started with sports betting sites by using cryptocurrency as your payment method.
Choose a Crypto Betting Site from our List
Provided that you have created a crypt wallet on the right platform, now pick the best Bitcoin betting site from our list.
Go Through the Registration
Register with the Ethereum sports betting site by providing your full name, email address, password, phone number, residential address, date of birth, and postal code.
Deposit and Bet
Fund your Ethereum betting account with deposits. Make sure you meet the minimum deposit requirements.
Crypto Limits, Fees, and Withdrawal Time
The deposit and withdrawal limit on cryptocurrency vary from sportsbook to sportsbook. For this reason, we have presented the average statistics of the limits.
Crypto Deposit Limit
Crypto Withdrawal Limit
Processing Fee
Withdrawal Time
$20 to $25,000
$10 to unlimited
None
Instant
Top 5 Bookmakers for Crypto Betting
Here are the top 3 bookmakers that let you bet on sports with cryptocurrency, like Bitcoin, Ethereum, and Dogecoin.
1xBet
1xBet is one of the best Ethereum betting sites with a good reputation, great customer service, lots of betting odds, and a large crypto variety for deposits and withdrawals.
Bet365 has also made a name for itself as one of the best Bitcoin sports betting sites with fast payouts, great promotions, large betting markets, and an easy registration process.
Next on our list of an Ethereum based sports betting site is Melbet. Sports betting promotions are very inventive, good user interface, decent customer service, and a wide range of betting markets.
BC.Game is a popular online betting platform that allows users to place bets using many different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. It offers a wide range of sports betting options and casino games.
Mostbet is a leading online betting site that accepts cryptocurrencies, including Bitcoin, Litecoin, and others. It offers a vast selection of betting markets, attractive promotions and a user-friendly betting app.
Now let’s look at how you can deposit funds to your sports betting account using cryptocurrency.
Make sure that the sportsbook accepts crypto payments.
Register or log in to the betting platform.
Navigate to the Cashier and then to the Deposit option.
Choose Cryptocurrency from the list of deposit payments.
Enter your credentials and the deposit amount.
Confirm to process the transaction.
How to Buy Crypto for Crypto Betting Sites
Let’s look at the steps involved in buying cryptocurrency for a crypto betting site.
Select a Broker or Crypto Exchange
First and foremost, you must select a broker or crypto exchange to get started with online betting crypto sites. On the crypto exchange, you can buy and sell cryptocurrency with comparatively low fees.
Create Crypto Wallet
Then, create a crypto wallet with your chosen platform and undergo the verification process. You may have to submit a copy of your passport, driver’s license, or selfie.
Buy Crypto using Exchanges
Once the account verification is done, deposit funds into your crypto wallet. To engage in Ethereum online sports betting, place your cryptocurrency order on the platform.
Crypto Bonuses
Several bonuses are offered on betting coin crypto websites. Let’s find out what they are in this section.
1
Welcome Bonus
New users of the best crypto betting sites can claim the welcome bonus offered. You must be of legal age and deposit a minimum amount to claim the bonus.
2
Risk-Free Bet
Another bet that is often offered on Ethereum sports betting sites is the risk-free bet. You can bet on any sports you like without deposits or according to given conditions.
3
Weekly or Monthly Bonus
Lastly, weekly or monthly bonuses are also distributed to punters who frequently log in to the online sportsbooks. These bonuses can come in the form of cash prizes, discounts, or free bets.
Popular Sports to Bet on with Crypto
Certain sports rank high on free Bitcoin betting sites. This section is dedicated to the top 3 sports for crypto bookies!
Football
It doesn’t seem like football’s popularity will fall short anytime soon because it has been the favourite sport of all punters for ages!
Basketball
Basketball is also a mass favourite on crypto sportsbooks. Since there is no processing fee for crypto transactions, betting is easy for Bangladeshi punters.
Cricket
Finally, the sport that all Bangladeshi punters love to bet on is cricket. Just browse through live betting or pre-match betting options to bet on your favourite team!
3 New Bookmakers to Bet with Crypto
There are many new betting sites that accept cryptocurrency as a form of payment. Here are three examples:
Megapari
Megapari is a popular crypto-friendly betting platform that offers a wide range of sports for users to bet on. It supports numerous cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. The site offers competitive odds, live betting options, and a user-friendly interface.
BetAndreas is a well-known bookmaker that allows users to bet with various cryptocurrencies like Bitcoin, Ethereum, and more. It offers a huge variety of betting markets, a live sports betting section, and is known for its provably fair games and fast withdrawals.
This is a popular online sportsbook that accepts cryptocurrency as a payment method. The platform offers comprehensive list of sports betting options, including live betting, virtual sports, and e-sports.
Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.
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FAQ. Frequently Asked Questions
What documents do I need to verify for the crypto wallet?
To verify your crypto wallet, you need to present your passport, national identification card, driver’s license, and possibly your selfie.
Why are cryptocurrencies so popular in the betting world?
Crypto betting is popular because it removes the authority of financial institutions from reducing the value of money. It is also highly secured by blockchain technology.
How do I withdraw from crypto bookmakers?
To withdraw from crypto sportsbooks, log into your betting account and find the Cashier. Select the Withdraw option and choose Cryptocurrency as your withdrawal method. Enter your credentials and the withdrawing amount. Then, just confirm the process.
Are there any processing fees for crypto sportsbooks?
There is no processing fee involved for crypto sportsbooks, which is why it is so popular. Almost all payment methods have transaction fees.
How do I buy cryptocurrency to bet on sportsbooks?
To buy cryptocurrency, create your own account in the crypto exchange or seek the help of a broker. Coinbase is a great place to buy and sell crypto.