With the rise of online betting sites, the days when most sports bets were placed in person by passing handfuls of notes and coins across counters in smoky high street bookmakers shops are long behind us. Offering convenience, ease-of-use, and a dizzying array of sports and events to bet on, online bookies are the modern way to bet.

Betting companies have deployed sleek websites and dedicated mobile apps in their drive to modernise and now an increasing number are turning their attention to the money of the future: cryptocurrency.

Cryptocurrency sports betting is a booming industry and is only likely to continue to grow as use of cryptocurrency becomes more widespread and more customers and businesses wake up to its advantages. But what are those advantages? Read on to find out!

Private and Anonymous

While using bookies’ websites and apps to place bets is an increasingly user-friendly and streamlined process, actually setting up and verifying accounts with many traditional bookmakers can be convoluted and time-consuming. Many online bookies require you to submit a wealth of personal information and confirm that information with sensitive personal documents before they’ll take your bets.

In contrast, with some cryptocurrency sports betting sites, you don’t even need to provide your name. There are no lengthy confirmation procedures and no checks on your address or source of funds. All you need to do is send your payments and place your bets.

The privacy and anonymity of cryptocurrency sports betting can be useful and important for many different people. For some, anonymous betting allows them to bypass bookmakers who’ve restricted their bets because they won too much or too often. For others, cryptocurrency betting sites can allow them to maintain their privacy or avoid local restrictions.

Fast and Secure

Exchanging payments with traditional online bookmakers can often be frustrating. While some deposit methods are instantaneous, others can take time to process before money is available in your account to play with. The situation is even worse when it comes to withdrawals. Even after a withdrawal has been approved and processed by a bookie, it can sometimes take several days for the money to reach your account, as banks and payment providers go through convoluted transfer procedures.

Cryptocurrency transactions don’t usually suffer from these problems. Providing you have funds in your e-wallet, you can deposit instantly to most cryptocurrency sports betting sites. Withdrawals usually have a short waiting time for approval by the bookmaker, but once that’s done, the actual transfer of the funds to your e-wallet is also often instantaneous, with no extra wait for a bank to process the payment.

Simple and Easy

All you need to get started with cryptocurrency sports betting is an e-wallet to keep your cryptocurrency in and a bookmaker to take your bets.

There are many e-wallets available, depending on what cryptocurrency you want to use, and an increasing number of crypto betting bookmakers to choose from. Of course, you’ll need to make sure that your chosen bookie accepts your preferred cryptocurrency, but there are plenty of options out there to cater for the most popular currencies on the market.

So whether you prefer BitCoin, Ethereum, or some other option, you’ll be able to find a bookmaker to suit your needs and start placing secure, private sports bets with cryptocurrency.

 

 

 

 

Scroll to top