When people hear the word “cryptocurrency”, the first thing that comes to their mind is Bitcoin. That’s not surprising because this is the thing that made those types of payment options famous. However, there are many other cryptocurrencies that you can choose from, and all of them are fast, easy, and secure.

Besides purchasing different things, some people use their cryptocurrency to bet online. Nowadays, you will find an abundance of gambling websites where you can fund your account and claim the money you’ve won using every popular cryptocurrency in the world.

Although most bookmakers that offer cryptocurrencies also support other payment options (debit cards, e-wallets, bank transfers), there are several websites where you can’t use anything else. These places offer a slightly different betting experience, which is why people like them a lot.

Naturally, these bookies also have their pros and cons, which is why we will try to include some of them in this article.

More and more people are betting on cryptocurrency. At the same time, more and more people are betting with cryptocurrency. Online sports betting grows in popularity by leaps and bounds every year, If you’ve got a mobile device and access to the internet, it’s possible to wager on the outcome of sporting events from just about anywhere and at any time of day, thanks to the access to. Home; Action; Adventure; Arcade; Board Game; Casino; Education; Fighting; Multiplayer; Puzzles; Shooting; Sports; Strategy; RANDOM GAME. Cryptocurrency And Sports Betting An Ideal Marriage. The union of online sports betting and emerging technology is an ever-evolving process. Blink and you just might miss the latest development in this fast-paced industry with its constantly changing landscape.

What will you find inside a cryptocurrency bookmaker?

The first thing that we have to point out is that finding those types of betting websites is not easy. However, you can always check these recommended cryptocurrency bookmakers and choose the one you like the most.

The first big difference between them and the regular betting websites is in the payment options. These operators only support things like Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies.

In addition to the payment options, most operators that focus on these types of currencies also have special promotions. Besides the fact that you can only claim them if you use one of the things we’ve mentioned above, these offers even have unique conditions. In most cases, the rollover requirements are lower than the promotions available on regular bookies.

The last advantage that we want to point out is the fact that some of these bookies also provide different casino games. Even if you don’t like online casinos, it is always good if you have other things that you can bet on if you get bored with sports.

Cryptocurrency Sports Betting Sites

Cons

In terms of disadvantages, the biggest problem with betting on a cryptocurrency bookmaker is that you won’t be able to fund your account or claim your winnings with any “regular” payment option. Although this might not be a problem for some people, there are bettors who use other kinds of payment methods.

The next thing that you have to keep in mind is that some of these bookmakers don’t have a lot of security features. Of course, they have an active license that helps them operate in numerous countries, but you might notice that other options are missing.

The last downside of playing on a cryptocurrency bookmaker is that you don’t know what will happen in the future. Even though Bitcoin and other currencies are still legal, this might change at any point in the future, which means that these kinds of bookmakers will cease to exist. Of course, they can always restructure their websites, but this will take a lot of time.

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During the Covid-19 pandemic where congregating is a very big risk to our health, cryptocurrency has become a godsend to gamblers because it provides the unmatched social distancing required in the fight against coronavirus.

The global value of the sports sector is projected to be at US$756 billion per year. But during the pandemic, a lot has happened in the betting and sports arena. Most of the games were cancelled, matches were suspended, gyms, dance and fitness studios, stadiums, parks, physiotherapy centers, pools and playgrounds were closed.

The International Federation of Association Football (FIFA) in collaboration with the World Health Organization (WHO) started a campaign dubbed 'Pass the message to kick out Covid-19' aimed at calling for people to observe preventive measures to stop coronavirus. All these efforts limited a lot of people from participating in their regular sporting and betting activities.

In the face of the pandemic, millions of jobs worldwide are at a risk for both the sports professionals and sporting services sectors linked to leagues and events such as betting platforms.

Is Crypto Betting Legal

Cryptoization of sports betting

Cryptocurrency Betting Sites

As the globe starts to recover from the pandemic, sports have begun to kick-off and betting on such sports are seen to be gaining momentum also. For instance, the Super Bowl bets in New Jersey have increased to $117.4 million which is over +115% gain from 2020, according to the data from Atlantic City casinos and horse tracks. New Jersey's data also show an increase in the betting app. The sports betting mobile apps from online betting operators increased from 19 to 21 in number.

The good news is that these wagers are being transacted using cryptocurrencies with the help of sports betting mobile apps that support cryptocurrency such as Bovada NFL Betting section (allows Bitcoin), Nitrogen crypto wagering app (accepts Bitcoin), SportsBet, BetOnline iPhone and Android app (was one of the first online betting sites to allow cryptoasset), CloudBet sports betting app, and many others.

Some of the best cryptocurrency betting sites include MyBookie, BetUS, BetNow, Bovada, and BetOnline. Most of them accept cryptocurrencies including Bitcoin, Litecoin, Bitcoin Cash, Ethereum, and Dash.

There are several pros of using cryptocurrency when depositing on online gambling sites and these include little to no fees (cheap), the speed on which you can deposit or with is high, near-anonymity (bets made using crypto are 100% anonymous), and reduced volatility.

The USA has recognized sports betting combined with the growth in popularity of cryptocurrency, so it is now very easy to conclude that sports betting, and digital currency are significantly becoming mainstream.