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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.
Let’s look at the steps involved in buying cryptocurrency for a crypto betting site.
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.
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.
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.
This section will guide you on how you can get started with sports betting sites by using cryptocurrency as your payment method.
Provided that you have created a crypt wallet on the right platform, now pick the best Bitcoin betting site from our list.
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.
Fund your Ethereum betting account with deposits. Make sure you meet the minimum deposit requirements.
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||$20 to $25,000|
|Crypto Withdrawal Limit||$10 to unlimited|
Here are the top 3 bookmakers that let you bet on sports with cryptocurrency, like Bitcoin, Ethereum, and Dogecoin.
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.
Now let’s look at how you can deposit funds to your sports betting account using cryptocurrency.
Several bonuses are offered on betting coin crypto websites. Let’s find out what they are in this section.
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.
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.
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.
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 is also a mass favourite on crypto sportsbooks. Since there is no processing fee for crypto transactions, betting is easy for Bangladeshi punters.
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!
Even if you don’t want to use crypto to bet on sportsbooks, you can still use other payment methods as alternatives.
Skrill is an internationally acclaimed electronic wallet that is acceptable in Bangladesh. You can make deposits and withdrawals at a low cost with Skrill.
When all options fail, you can still rely on your VISA or Mastercard bank cards. Transactions may take longer, but at least, it is safe.
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.
There is no processing fee involved for crypto sportsbooks, which is why it is so popular. Almost all payment methods have transaction fees.
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.
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.
To verify your crypto wallet, you need to present your passport, national identification card, driver’s license, and possibly your selfie.