Crypto Sports Betting 2020

Crypto Sports Betting 2020

The explosion of cryptocurrency sports betting and has wholly modernized and transformed online betting to the point where it is fast becoming the preferred bitcoin sports betting currency. It seems that more and more people are seeking out the use of cryptocurrency to have a better and more varied gaming experience. Cryptocurrency sports betting has been spoken about for the last few years now and while it has seen mixed results overall, one area where it has been performing relatively well has been in the gambling industry. Cryptocurrency betting is something you may not have heard of, but it is doing well and thanks to the global, digital nature of cryptocurrency, it eliminates the problems that face many gamblers who are wanting to place bets worldwide. We're confident that these are the best crypto sports betting online sites which accepts crypto currencies. We took time at the end of 2019 to evaluate and made this list emphasizing the main points that are important for Europe and USA sports betting players - reliability, customer service in multiple languages, best odds and successful and long working experience.

How Many People Use Cryptocurrency Betting?

Based on recent figures, it is estimated that 60% of the transactions performed using Bitcoin in the world are transactions that are related to the gambling industry. There is no way to verify the figure, but it could be a lot higher as people in countries that have banned gambling are finding a way to fund their bets under the cover of something else. It is reported that back during the 2018 World Cup, many people found a way to bet using sports betting cryptocurrency despite it being illegal in their country, finding a loophole around the technology.

How to Bet with Cryptocurrency?

If you would like to start betting with Cryptocurrency then you need to do two things. The first is to find a bookmaker that accepts your Cryptocurrency and set up an account with them. The second is to open up an e-wallet to keep your currency in and to transfer your funds to your bookmaker or back to you if you win.

To fund your e-wallet you will have to buy some form of Cryptocurrency at the exchange rate that it is on the day of purchase using a debit or credit card, or some other form of payment if they accept it. Once you have the Cryptocurrency in your wallet, you are free to link your wallet with the bookmaker account you have created and start sending across the funds. This transfer is done just like any other money transfer that you do online, but being Bitcoin there are no fees for changing the currency, regardless of where the bookmaker is located and it is performed instantly, giving you instant funds in the bookmaker account so you can place the bets you need.

After you have funded the account and you have money to spend with your bookmaker, you can place bets as you normally would do with normal currency. The bookmakers work in exactly the same way are regular bookmakers, so look out for things like regular promotions, free bets, enhanced odds and everything else that you would like to take advantage of with your bookmaker.

Advantages of Cryptocurrency Betting

If you are looking to make the move from betting with your home nations currency to betting with Cryptocurrency then it is important to understand what you are doing, and the differences between the two. Here are a number of advantages with betting crypto.

The first is that you are able to remain anonymous when you are depositing funds with your bookmaker. The only information that is sent with your deposit is the financial funds, your own personal details or the details of your account are not sent across. This is great news for those who would like to remain anonymous when gambling on the internet, Cryptocurrency lets you do this with your bookmaker.

Another benefit of cryptocurrency betting is the fast and free deposits that are on offer. Some payment methods with regular bookmakers can take time to process, whereas when you send money from your wallet to a bookmaker with Cryptocurrency, the payment is made instantly and the funds are available for you to bet with instantly. It is also important to note that the deposits you make will be free of charge, whereas with some traditional bookmakers if you are converting currency then you may be charged a fee for doing this.

Withdrawals are also beneficial to do using Cryptocurrency when you are wanting money from a bookmaker. Traditional bookmakers use many payment methods to get your money to you, but all of these require a processing time to get the funds across and into your account. With Cryptocurrency, the transfer is done instantly, so all you have to wait for is the approval of your bookmaker and for them to send the money across to you. This doesn’t usually take too long, which means you will have your funds in a short space of time, instead of waiting for days for the funds to clear.

You will have to pay a fee when you withdraw funds using Cryptocurrency, although this is generally a small fee and smaller than any conversion fees you would have to pay if receiving money from a bookmaker not in your country. By using Cryptocurrency, although you do have to pay a fee, you are avoiding fees due to the currency you are using which can save you a lot of money if you make regular withdrawals from another country to yours.

As you can see there are many benefits to using Cryptocurrency to place your bets, and it is likely that this type of betting will only increase in the future as more people put their trust in Cryptocurrency. As you transfer money on a regular basis you will understand how it works and find yourself completing transfers with ease, while when you get onto your bookmaker page, you will find betting with them very much like the betting you do now.

Best Bitcoin BTC Sports Betting Site in the world?

Its not easy for us to say which is the best bitcoin bookmaker. One sports betting crypto site is offering best odds, while the other bookmaker bitcoin site widest choice of sports. There is a cold hard truth that needs to be recognised when entering sports betting. Bookmakers are out to make money. They aren’t there to do you any favours, they are there for you to try and beat because they aren’t just going to give money out left right and centre. So entering sports betting you want to find a good bookmaker, preferably one of the best bookmakers around because this will enhance your own experience of online betting and it all starts with market value. Here are some pointers to look for in how to choose a good bookmaker.

For and against BitCoins (BTC)

Majority of top bookmakers that have been working for a long time, still do not accept cryptocurrencies. There are many reasons for that, so many of bookies that accept BitCoins (BTC) are considerably new. Those companies were created exactly for this business model.

It is good to use bookies that accept crypto currencies because:

1. Majority of those companies exist for a short period of time, therefore they give good conditions to new players. Some bitcoin bookmakers give promotions up to 5 BTC (which at this moment is about 35 thousand euros).
2. Since BTC is not stable, betting limits for bookmakers bitcoin are far greater. You can bet good amount of money.
3. You can be kind of anonymous. When money are exchanged through crypto wallets, such as anonymous currency as BTC (in some way) can be used without your identification. This is very important considering taxes that you have to pay.
   Note: please consider that SmartBettingGuide.com has no intention to make you avoid taxes, we are just discussing facts related to crypto currencies and betting.
4. Bitcoin bookmaker like these help you to use crypto betting currencies. This is very helpful for those who have handful of currencies that are (or soon may be) forbidden in respective countries.

However, we must also note the negatives:

1. Since crypto currencies are unstable, you have to be not only a gambler, but also a currency speculator. There are many ups and downs in the market, therefore if you wish get positive return, you have to follow crypto currency news and understand when it is the right time to exchange your e-coins to real currency. In other words, your return depends not only on betting results, but as well on how crypto currencies’ worth change.
2. Reliability issue. Many of these companies are considerably young, so these companies might be significantly affected by changes in crypto market. While these bookmakers are not very well known, it is hard to tell whether they are really reliable or not. You have to follow news and be interested to know whether companies pay out well and do their work as they should.

Bitcoin Betting Exchange

When talking about sports betting cryptocurrency, sportsbooks are always the first to be thought of by people–but not for long. Bitcoin betting exchange or other cryptocurrency betting is here and users are blown away by it. What makes it captivating is that it gives bettors more control. Of course, understanding first what is Bitcoin is important in learning about this betting exchange. Just like a sportsbook, it is a sports betting website that permits users to bet on different sports events using Bitcoin. It differs in a sense that bettors compete against other bettors while in a sportsbook, a bettor places wager and the bookmaker is the facilitator.

Mechanics

Here is how it works: A bettor will have to set up an event and set the conditions. He will have to put down his wager while other bettors take him up on his wager. This process may seem easy but it only happens in the virtual world. Having an international audience, the audience is bigger and the software behind an exchange makes sure that everything goes smoothly. With Bitcoin, it works even better because transactions worldwide have become quick and seamless.

With Bitcoin betting exchange, you can “Back’ and “Lay”. Backing is betting for an outcome to happen, while Laying is betting for an outcome not to happen. When Laying, you are betting against the backers. Unlike traditional sportsbooks, these platforms won’t mind if you win. The outcome of a bet doesn’t affect the exchange.

More betting options

There are a lot of options for sports bettors worldwide. The invention of it is brilliant because people would bet on anything, from sports events to political news. It allows different bets that bookmakers don’t normally allow. A popular betting exchange is Betfair. But because people can’t get enough of it, a lot of other exchanges have appeared all over the internet. Knowing what is Bitcoin is one thing, but if you’re getting tired of using it on sportsbooks, try Bitcoin bookies betting exchange now.