Crypto sports betting has become a popular way to bet on sports. Since cryptocurrencies run on the blockchain that removes the intermediaries, bettors and sports fans can count on fast and cheaper transactions. In addition, topping up a sportsbook account is mostly anonymous and safe. All you need is your crypto wallet address and digital coins to top up the account and start betting!
While these crypto betting features are truly enticing, it’s still best to review the industry and compare the best betting sites. In this article, we’ll talk about everything you need to know about crypto sports betting, including popular sports offered, accepted payments, and the best crypto sportsbooks.
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What Is Crypto Sports Betting?
Crypto sports betting is a way to bet on sports using cryptocurrency. Instead of using traditional banking options and currencies like EUR or USD, you can use Bitcoin or other cryptocurrencies to top your sportsbook account and wager in sports. Bitcoin is arguably the most popular and valuable, and it’s currently the most widely accepted option in many crypto-ready sportsbooks. In addition to Bitcoin, crypto sports betting sites also accept payments through Ethereum, Litecoin, Tether, Dogecoin, and Bitcoin Cash.
To start betting in crypto, you’ll need to set up first your crypto wallet and buy your cryptocurrencies. There are different ways how to buy your digital coins. You can check out the popular crypto exchanges, use a trading platform or check out a peer-to-peer platform.
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What Makes Crypto Sports Betting Popular?
There are many reasons why crypto sports betting is becoming so popular. Let’s check out the main reasons why crypto is a popular banking option for sports betting.
- You can bet anonymously. When you bet with crypto, you don’t have to provide any personal information apart from the email address you use to sign up. This means that your identity is protected and safe.
- It’s fast and convenient. Crypto sports betting sites offer almost instant deposits and fast payouts.
- It’s cheap. Crypto sports betting offers a cheap way to wager on sports. Most crypto sports betting sites boasts low to no transaction fees. Your only concern is the minimal ‘gas fees’ required to verify the transactions on the blockchain.
- Transparent transactions. Crypto sports betting uses blockchain technology to ensure that all bets are transparent and tamper-proof. This means that you can be sure that your bet will be fair and square.
And if you choose your betting site correctly, you’ll even find highly lucrative betting offers like sign-up bonuses, free bets, and competitive odds.
How to Create an Account in a Crypto Sports Book?
Crypto sports betting works similarly to traditional sports betting. The main difference is that you are using cryptocurrency to place your bets.
If you’re a beginner or just want to explore your options in crypto gambling, then you can follow the basic steps on how to set up an account:
Steps on how to set up an account
Choose your preferred crypto sportsbook
Choose your preferred crypto sportsbook. You can check out our list of recommended sites below, or by visiting BestBitcoinCasino.net.
Visit the sportsbook’s homepage
Visit the sportsbook’s homepage and click the ‘Join’ or ‘Register’ button.
Best Crypto Sports Betting Sites
If you’re looking for the best crypto sports betting sites, then look no further. Here are our top 3 picks:
1. Cloudbet
Cloudbet, established in 2013, is one of the leading crypto sports betting sites today. This sportsbook offers a wide range of sports to bet on including football, basketball, baseball, chess, golf, and more. The site boasts a user-friendly platform that delivers in-play betting, access to a mobile app, and unbeatable odds.
2. Nitrogen Sports
Nitrogen Sports is another great option for crypto sports betting. This platform has been around for a decade now and prides itself on its higher-than-average sports betting odds. In addition to its sportsbook, Nitrogen also delivers the standard online casino games and poker.
3. 1xBit
1xBit is another great choice if you want to start betting on sports online. The platform supports more than 25 cryptocurrencies, including Verge, Omise Go, Juventus, and Basic Attention Token. They also have a mobile app available for both iOS and Android players.
