Ranking List: Bookmakers with Cryptocurrencies
Find all bookmakers that offer online bets using different types of cryptocurrencies:
What are Cryptocurrencies?
In their essence, blockchain payments with cryptocurrency are a type of digital currency. Whether they are legit or not depends on the gambling laws in different countries. That is why not so many online bookmakers allow for payments with cryptocurrencies. The same goes for casinos as only a few feature Bitcoin games for their customers. However, there is an upward trend these days showing a rise in the popularity of Crypto bookmakers around the world.
What Crypto Bets Can I Place?
Cryptocurrencies are digital, but they have the same characteristic of standard money. So players can deposit Bitcoins into their betting accounts via their mobile betting apps or the desktop versions of the bookies. They can play with cryptocurrencies by placing bets in the sportsbook. Finally, they can request for withdrawal of their winnings with cryptocurrencies as well.
Pros & Cons of Using Crypto Bookmakers
As any other type of payment method out there, cryptocurrencies come with their positives and negatives. Take a look at the two lists below for a better idea of what you are to expect in a crypto bookmaker.
- Fast transactions
- No or very low banking fees
- Secure payments
- Not very popular payment gateway
- Not all bookmakers support crypto wallets
Frequently Asked Questions (FAQs)
What cryptocurrencies can I bet with?
There are hundreds of cryptocurrencies out there. Bookmakers, though, use the most popular types. These are Bitcoin (BTC), Binance Coin (BNB), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Libra (LIBRA), and Monero (XMR) to name but a few.
What is the difference between crypto and standard wagers?
The only difference between these bets is in the amount of the stake. So be careful with the exchange rate before confirming your bet.
Are crypto betting sites safe?
Most crypto bookmakers do not possess a valid license and do not follow the KYC procedure on signup. However, the bookies listed above are completely safe and worth your trust.
Can I grab a crypto betting bonus?
It all depends on the bookmaker. Still, most offer some types of crypto welcome bonuses for new customers as well as other regular promotions.
Is Bitcoin betting legal?
Yes, it is. Most countries allow for crypto payments and betting. There are some exceptions, of course. The best way to find out is to check the gambling law in the country you reside in at the moment.