Cryptocurrencies against all odds have continued to gain traction in all spheres of life. As much as we continue to go digital, crypto will continue to gain relevance, and as such will always be in use commercially as a means of exchange or payment. Even when some factors have affected it a bit, cryptocurrencies continue to feature in relevance and use.
Again in the world of sports, crypto has already taken over online sports such that a lot of online bookmakers prefer cryptocurrencies over fiat currency.
What is cryptocurrency in sports betting?
Cryptocurrency in sports betting is the introduction of crypto into the world of sports betting majorly as a means of funding online gaming accounts. This implies that, aside from the regular fiat currency, individuals can now comfortably bet games with the use of cryptocurrencies.
In 2021, Bitcoin betting became very common and well accepted.
It is rather competitive as there are a lot of online bookmakers that accept operations with cryptocurrencies. The rate of competition in the betting industry can be seen in the way a lot of online betting sports offer bonuses to customers just for signing up with them. This is a way of capturing the minds of gamblers.
There are actually a lot of online bookmakers who keep to their promises of giving Bitcoin bonuses to customers. Due to how fast it is to deposit from crypto sportsbooks, many people have come to embrace the system.
In this article, we shall be introducing some major online sports betting companies that accept cryptocurrencies in sports bets. Not only that, some of them offer Bitcoin bonuses to their customers. But before that, we would like to remind you that the use of Bitcoin in sports betting is high rising. This is because, in Nigeria alone, about 32% of Nigeria's population own digital money, making Nigeria the global leader in Bitcoin trade, and over 21.2 million adults of the US population own cryptocurrencies such as Bitcoin and Ethereum—BBC news.
In my own simple assumption, I believe that in 2021, the use of cryptocurrency in sports betting will triple.
Below are some crypto sport betting companies. The arrangement is not made in any particular order.
1. Stake
Stake is an online sports betting company that accepts only cryptocurrencies in their bets with BTC, BCH, ETH, LTC, DOGE, XRP, TRX, and EOS on the list.
This online betting company is one of the first to have received a license as a tested and trusted casino provider in the world. Their license was issued by Curacao.
This bookmarker features no less than 12 exciting in-house-made games, all well tested and trusted by gamblers all over the world.
Following customers' reports, they are ranked as one of the big rollers in crypto. The majority of people see stake.com as the longest-running Bitcoin gambling site about to support over 130+ cryptocurrencies.
2. 1xbit
1xbit is an online betting company that runs with a passion for sports. They make online gambling very convenient for customers by creating an enabling environment for interactions between them and their customers in general.
When it comes to Bitcoin Betting, they sure appear on the top list. This company embraced cryptocurrencies in sports betting with open arms.
Their cashout is simply fast, and you do not have loose value on the conversion rate to Fiat currency. Putting every factor into considerations, we simply say yes to 1xbit to be your choice when it comes to cashout and withdrawals.
3. Cloudbet
Cloudbet is one of the fast-rising online crypto betting platforms. Since 2013, cloud bet has been accepting Bitcoin and Ethereum as a medium of betting.
Guess what, for every betting deposit, cloudbet grants you a 5% welcome bonus of BTC. With their odds that are so unbeatable, you are sure to enrich your pocket in no time. In fact, cloudbet has been one of the best Bitcoin gambling sites since 2013.
One wonderful thing about cloudbet is that with them, security and privacy are assured. A lot of players and gamblers are so conscious of their gambling security, so, with Bitcoin deposits that are held in cold storage, and a trusted wallet, you are sure of security with cloudbet.
Cloudbet has advanced to the extent that aside from Bitcoin and Ethereum, other coins are welcome for betting.
These online bookmakers provide you with the best table games with live dealers, blackjack, Roulette, Baccarat, and popular higher multiplier game shows. Like earlier said, their odds are simply unbeatable. If you ask me, I would simply advise you to register with cloudbet to enjoy their varieties of games.
4. Betonline
Betonline is an online gambling company offering sports bettings, online casinos, and bets on horse racing.
According to casino city press in 2006, betonline was among the top 60 online sportsbooks, racebook, and betting exchanges. Betonline just like cloudbet accepts betting with Bitcoin.
This online gambling has been tested and trusted for over 20years. With betonline, it is simply made easy with high security and privacy assured. To register and enjoy their games, visit www.betonline.ag
5. Coinbet24
Coinbet24 is one of the online bookmarkers that readily allows gamblers to bet games using crypto. This company has been tested and trusted since 2015, providing people with instant deposits and withdrawals platform as well as guaranteed payouts.
Coinbet24 is currently accepting BTC, BCH, and other varieties of cryptocurrencies. They also provide you with interestingly high odds that are second to none with more than 200 markets on events, including multiple Asians, over/underlines.
6. Betcrypt.io
This is an online sports betting company that is so great at what they do. As soon as you register with these bookmarkers, you receive a welcome bonus just for signing up with them.
Betcrypt.io is one of the first fully decentralized Crypto sports betting and casino platforms built using block Chain technology. It guarantees privacy as the platform does not require any form of identity verification for deposits and withdrawals.
Bets can be placed using BTC, and UDST. Visit their site to know more about the game services they provide.
Closing Thoughts
It is very important to know that every online sports betting company comes with its own shortcomings. Stay with me so as to be updated.
In my next article, I will be telling you why cryptocurrencies are preferred over fiat currency in sports betting. I will also be highlighting the general pros and cons of cryptocurrencies in sports betting.
Sports betting is still a good way to make money today.