Cryptocurrency Sportsbetting

A Guide to Cryptocurrency Sports Betting

Last updated: June 11, 2024

CryptoCasino

Written by CryptoCasino — Cryptocurrency Specialist with extensive knowledge in blockchain technology and digital currencies. Skilled in analyzing market trends and offering insightful perspectives on crypto currency investments and developments.

It’s no secret that sports betting is one of the most popular pastimes for adults all over the world. One of the main reasons for this is just how widely available it is. If there’s a professional sporting event taking place, there’s a very good chance you can bet on it. Despite already being so dominant in the world of online betting and gambling, it continues to evolve with the times and that shows with the development of crypto sportsbook products becoming increasingly popular.

One of the key things to remember is that crypto sports betting provides the exact same experience, at least from a visual perspective, as regular sportsbook websites. So, even if you have lots of experience with regular sports betting websites, the transition to a crypto sportsbook will feel seamless. The big differences come from the fact that you’ll be using crypto over fiat currencies, which provides its own set of benefits and advantages.

In this blog, we’ll take an in-depth look at how crypto sports betting differs from traditional sports betting and provide you with a thorough guide.

How is crypto sportsbook betting different from traditional betting?

As we’ve already mentioned, on the face of it, you’d struggle to see the difference when you visit a crypto sportsbook compared to a regular online sportsbook. You’ll still find all of the same popular sports and markets to bet on, as well as fantastic promotions that you can take advantage of. Rather, the difference stems from the use of crypto and the vast benefits its use provides. One of the main advantages of using crypto for your football betting is the fact that online crypto transactions are processed much quicker than traditional payment methods. 

Deposits are more or less processed instantly for crypto and traditional payment methods like Visa and Mastercard, however its withdrawals where these two methods of banking differ greatly. When you withdraw back to a credit or debit card, it can take up to five working days for the payment to be processed back to your account. However, when you withdraw using crypto, you can benefit from withdrawals that are instantly processed back to your crypto wallet, so you can enjoy your winnings right away. 

Since cryptocurrency is not centralised, you may also be able to enjoy bitcoin sports betting in certain countries or territories in which gambling is heavily restricted. This is because crypto transactions are processed anonymously via Blockchain technology, which offers an enhanced level of encryption and security. It also allows you to enjoy your online sports betting experience securely and anonymously, as your personal details are not required to make cryptocurrency transactions. All of this means you can get the purest online crypto sports betting experience, whether it’s football betting, basketball betting, or any other sport.

Live betting with crypto

One of the most popular features of all online sportsbooks is the live betting facility, which allows you to place a bet on a sporting event that is happening in real time. This isn’t something that is exclusive to regular sportsbooks though, you can place in-play bets with crypto sportsbooks too. All you have to do is click on the live betting option of your chosen sportsbook, such as the one available at Cryptocasino.com, and you’ll be presented with all the sporting events that are taking place at that very moment in time.

Since the overall winner of a sporting event is the most popular betting market, you’ll see that you have the ability to add this selection to your betslip straight from the live betting dashboard. When you’re basketball betting, time is very much of the essence, as a game can change on its head in the space of a minute or even less. Being able to instantly add selections to your betslip to place your in play bets is one of the best ways to ensure that you have the best online bitcoin sports betting experience.

You’re not just limited to the final result market when live betting with crypto either. Just like when you bet pre-event, you can select a particular game or fixture to be presented with a long list of additional betting markets of which you can take advantage. On some of the most popular sports, such as football betting, you’ll find hundreds of additional markets in the live betting dashboard. This means you can truly customise your bets to place the bet that you want, when you want it.

Finding the right crypto sportsbook for you

One of the most important things to remember when choosing a crypto sportsbook to bet with is to ensure that you choose one that is safe and secure. As with all things that involve crypto online, there are some sites out there that have malicious intentions and there are even sportsbook products on the market that are unlicensed and not safe. Fortunately, there are some things you can do to make sure that the place you choose for your crypto sports betting is legitimate and reputable.

One the quickest and easiest ways that you can assess a sportsbook is to look at their reputation and reliability among customers. Look for honest reviews and testimonials to gain some valuable insight into how trustworthy the sportsbook is. You should also check where the casino is licensed to and any regulatory bodies it sits under. This information is most commonly found in the footer section of the website. You can also check that the site has an SSL certificate, which provides an enhanced level of security and encryption, and check out the company’s privacy policy to get an idea of how they process data.

If you’re happy with the security features of the crypto sportsbook, it’s time to check that it fits with your personal preferences. Firstly, check what sports you’re actually able to bet on and the markets that are on offer for each particular sport. You’ll notice some sites offer more markets and even better odds than others. Ease of use is another important factor, so ensure that you’re able to easily navigate the site and find exactly what you want to bet on quickly and easily. You’ll also likely want to check out the sportsbook’s offers and promotions section, so you can be sure you’re getting the best value for your crypto. Follow these tips and you’ll be well on your way to enjoying your online crypto sports betting safely and securely.