The betting industry has been experiencing an increase in registered bettors for a while now. Moreover, there is now a sudden rush for punters to join due to the involvement of bookmakers like crypto sports betting sites. Interestingly, many have discovered that Bitcoin betting is now the industry’s most lucrative betting means.
Due to cryptocurrencies’ success, the online betting industry is now flooded with different crypto-operated platforms. Unfortunately, many bookmakers are of poor quality, which could be detrimental to bettors who join. Furthermore, these numerous bookmakers have made it challenging to select a suitable one.
To get the best out of your betting, the type of bookmaker you register with goes a long way in deciding how profitable your betting journey will be. This article will explain selecting a reliable and trusted crypto sports betting platform.
What does Crypto Sports Betting Entail?
As the name suggests, crypto sports betting is about placing bets on various sporting events. It is similar to fiat currency betting; the only difference is the introduction of cryptocurrency. Major currencies like Bitcoin, Ethereum, and Binance coin are all available for bettors to use.
These bookmakers’ operations are done mainly with cryptocurrencies. Nevertheless, some bookies allow bettors to use traditional payment platforms like PayPal and credit cards. Furthermore, they boast better market selections and bigger bonuses than traditional sportsbooks.
Advantages of Using a Crypto Sports Betting Site
The use of cryptocurrency in betting establishments has been very beneficial to punters. These coins have helped reduce the stress bettors go through when trying to process a transaction. Therefore, with so many sites that now offer the option of Bitcoin sports betting, it is only right we tell you the benefits of betting with these bookies.
● No Delay in processing Deposits or Withdrawals
The issue of snail-like transactions is an everyday occurrence amongst many bettors. Many bookmakers operate with payment platforms that process withdrawals at a slow pace. In the betting world, many things need to be done quickly, especially sports betting, which is time sensitive.
Cryptocurrency transactions are reasonably faster than some of the payment systems used by traditional online bookmakers. So to avoid issues like slow transactions, Bitcoin sports betting is the best option for you.
● Ability to Fund your Account from any Location
The world of traditional online betting is highly scrutinized when it comes to the issue of payments. In certain countries, these bookmakers are not licensed to operate, so any form of processing transactions could incur heavy sanctions. Therefore, these sites would likely block your account whenever you try to initiate a transaction from a restricted country.
For crypto betting sites, players can process transactions from anywhere because cryptocurrencies are accepted worldwide. Therefore, you can fund your Bitcoin sports betting profile from your Bitcoin wallet without any issues.
● Quality Protection is Offered to its Customers.
Security and protection of bettors can never be taken for granted on betting platforms. Betting sites are targets for hackers due to the constant flow of money. So, if these sites are hacked, the hackers can easily access the bettors’ profiles and have their profits withdrawn without their consent.
Bitcoin sports betting sites are heavily encrypted, making them less vulnerable to hackers. Also, since these Bitcoin sportsbooks do not require credit card details or banking information, the likelihood of getting your details stolen is non-existent.
● No hidden Charges Attached to Transactions
Various countries’ governments impose taxes on certain transactions. Unfortunately, bettors may not notice these charges unless they check their bank statements. However, no additional charges are attached for cryptocurrency transactions, with payments quickly done from your Bitcoin wallet.
Tips On Selecting A Trusted And Reliable Bitcoin Sports Betting Site
Registering on a poor betting site leads to an unfulfilling betting time. Therefore, we will give you a few tips and conditions you should watch out for when searching for a Bitcoin sports betting platform.
● Do your Research and be Confident about what you want.
Define what you want in a bookmaker; it could be a site that operates on only one cryptocurrency or a sports betting site that allows the use of fiat currency also. After deciding, you can start researching them by reading reviews, checking their sites, and going through their terms and conditions.
● Examine the Type and Quality of its Gaming License.
A poor-quality betting platform does not spend its money on paying for expensive gaming licenses. Instead, they usually go with the cheap ones with little or no quality. Moreover, the primary purpose of a gaming license is to regulate these bookmakers and ensure that the bettor is number one on their schedule. Some top franchise bettors can look out for are the Curacao gaming license, UKGC, and Malta betting authority license.
● Pick a platform with a good User Interface.
You can quickly check if the designs and layout of these sportsbooks are to your taste by simply visiting their site. A good Bitcoin sports betting site would make its betting events and markets easily accessible to its customers.
● A good number of Sports and Competitions should be Available.
Knowing the quantity of sports selection these bookmakers can offer is very crucial. The higher the number of markets and odds, the better your possibilities. A good Bitcoin sports betting site should provide options for the top and popular leagues and cover some lower divisions.
● Know how they Reward their Customers
Knowing the rate at which they offer bonuses and promotions should be a significant criterion in selecting a sportsbook. Rewards like welcome bonuses, free bets, reload bonuses, and deposit bonuses could be beneficial in the long run. Also, these rewards vary from bookmaker to bookmaker, so go for the one you prefer.
● Examine the Quality of their Customer Service
You must go through how these bookmakers support their registered customers before registration. The top Bitcoin sports betting sites have multiple means by which bettors can establish communications. For example, most bookmakers have a 24/7 live chat feature and phone call option.