Cryptocurrency Betting Sites

When it comes to cryptocurrency betting sites, the concept is basically self explanatory. These are sites that allow users to use various cryptocurrencies instead of traditional means of payment. They have been garnering much attention in recent years, as many players have taken a liking to them and have even switched from traditional forms of online betting sites.

Today, we will provide you with the knowledge needed to use crypto gambling sites if you are considering them.

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Advantages of Cryptocurrency Bookmakers

Crypto for gambling is a concept that has been explored by many brands already. While some include major cryptocurrencies like Bitcoin as one of their payment methods, other sites revolve completely around various kinds of cryptos. As such, they come with multiple advantages that are convenient to players.

Anonymity

Something that a lot of players value is anonymity and not divulging most of their personal information. When it comes to these types of sites and the currencies used, they allow more room for anonymity than when working with traditional forms of payment.

Speed of Transactions

Depositing funds and withdrawing winnings is a process that works much faster on crypto betting sites. You will not need to go through long processing periods where you need to wait for the funds to appear in your balance. Here, things work almost instantly and save you a lot of time, especially if you need access to funds fast.

Lower Fees

Transactional fees are something that most players would want to avoid or eliminate. While crypto bet sites don’t really solve the problem completely, they help to alleviate it by adding lower fees. You will not have to spend so much additional funds here than you would on a traditional site.

Global Access

The best crypto betting sites are available in almost every corner of the world. You can use them and bet with them no matter where you are. These are some limitations that you would often come across on a regular site, but here, you will, in most situations, not have to worry about that.

Security

Security is a major part of these sites. Being that they use blokchain technology, it is much harder for breaches to happen. It leaves users feeling safer and more secure when betting via a crypto site.

How Safe and Legal Are Crypto Bookmakers?

When it comes to security it is one of the main reasons why people decide to pick cryptocurrency betting sites instead of regular ones. Cryptocurrency transactions are much harder to track than the usual fiat electronic payments. Also, due to decentralisation, cryptos are secured against hacking and other fraudulent activities.

However, the regularity of crypto bookies is filed under a legal grey area. The legality of crypto actually depends on many factors. Licensing requirements, legal recognition, anti-money laundering laws, and things as such prevent it from being completely regulated. Some jurisdictions actually embrace the crypto model, while others have already established strict prohibitions.

Officially, crypto bookmakers are not licensed by the UK Gambling Commission. However, the current legislation has been made long before any cryptocurrencies were ever a thing, making it much more challenging to implement any new regulations.

How to Choose a Cryptocurrency Bookmaker in the UK

Picking a good crypto betting site should not really differ much from picking a regular posts betting platform. You simply need to follow your own personal needs and determine that way. Here are some of the considerations that you can make when doing so.

• Available bonus offers
• Platform security
• Customer support response time
• List of available games
• Number of cryptocurrencies used

Risks and Considerations

The biggest risk lies in betting with an unregistered platform. Since crypto betting sites lie in the grey legal area, they are not as regulated as the traditional ones are. This means that if you decide to get involved in one, you should understand the risks involved.

How to Place a Bet Using Crypto

To place a bet on a cryptocurrency betting site is not different at all compared to any other online betting site. The part that differs is the currency used. Here is how you need to do it.

1. Log in to your player’s account.
2. Pick a game that you want to bet on.
3. Select the market and add it to your bet slip.
4. Enter the wager you wish to make.
5. Confirm your bet.

Most Popular Coins

While Bitcoin sports betting sites are the most popular ones, most of them still cover a whole variety of coins. The best ones are those that give you options and more different kinds of crypto to use. Some of the most popular coins include.

• Bitcoin
• Ethereum
• Tether
• Dodgecin
• XRP
• Litecoin
• TRON
• Binance
• Cardano
• Solana

Responsible Betting

No matter if you are using a regular online casino or a crypto casino, there is always a danger of doing it too much. Luckily, the same safegaurds are set as with other types of casinos.

Brands allow players to use various types of tools like daily or weekly limits, self-exclusion, and even provide additional help for people who feel that they are gambling too much. All in all, no matter the currency used and the type of website, responsible betting needs to be practised at all times.

Best Cryptocurrency Betting Sites Summary

Cryptocurrency betting sites may be an entirely new concept to some but believe us, they have been here much longer than you may think. They represent an excellent opportunity for people who want to try out something new and also for those that require added safety and globar access. In conclusion, it is a chance worth exploring, especially if you are into crypto.

What We Like	What We Don’t Like
👍Crypto transfers are much safer compared to regular currencies.	👎 Not all sites have a crypto betting app.
👍 You can play a variety of casino games on these types of platforms.	👎Some sites accept only cryptocurrencies.
👍Allows global access for people from across the globe.	👎 /

 

*This review is a promotional feature and the site has been paid for by partners to provide the following positive review – this review is not provided by an independent consumer.