While there are tons of crypto bookmakers online today, there’s no guarantee that all these bookies are legitimate ones in crypto sports betting. With cryptocurrency as your main medium, it becomes doubly important to find a betting company that lets you easily deposit and withdraw currencies.. Show More
While there are tons of crypto bookmakers online today, there’s no guarantee that all these bookies are legitimate ones in crypto sports betting. With cryptocurrency as your main medium, it.. Show More
While there are tons of crypto bookmakers online today, there’s no guarantee that all these bookies are legitimate ones in crypto sports betting. With cryptocurrency as your main medium, it becomes doubly important to find a betting company that lets you easily deposit and withdraw currencies through their channels. Fortunately, our team has done all the tough part for you, crawling through the different crypto betting sites to find the ones ranked highly among players.
First deposit bonus
✅ Around 100€
✅ Around 1 Bitcoin
✅ No fees
✅ No fees, but if you want buy crypto from bookie, trade cost you 2-5%
❌ 2-5 days
✅ Mostly Curacao, Malta, UK
✅ Mostly Curacao
Taking into consideration that the legitimacy of the cryptocurrency bookies is just one of the factors when making your choice, we have also taken the liberty of comparing each one based on their features. Is the site friendly to newcomers? Do they have big bonuses? Does the site work in your country? We rank each bookie one by one, displaying a bullet-style listing that tells you their pros and cons in one convenient crypto sports betting page.
No need to spend hours searching. There’s also no need to open an account in one site only to be disappointed by how they conduct their business. Instead, your choices will be narrowed down as.
The explosion of crypto sports betting sites and has wholly modernized and transformed online betting sites 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 sports betting sites to have a better and more varied gaming experience.
People are asking these questions
⭐ Is it safe to bet with cryptocurrency?
✅ While cryptocurrency are just as vulnerable to a changing market, these currencies like Bitcoin and Etherium are convenient and stable. When used for betting transactions, cryptocurrency lets you play with near-perfect anonymity. Since many bookmakers accommodate cryptocurrency, safety in placing bets is also assured.
⭐ How do I use Bitcoin for sports betting sites?
The important thing is to register with a bookmaker that accommodates Bitcoin in their transactions. From there, you can buy a Bitcoins from a broker and store them into your specialized Bitcoin wallet. From there, you can make deposits from your wallet to the bookmaker.
⭐ Is it legal to place a bet using Bitcoin?
✅ Yes, but keep in mind that this is a case-to-case basis. Keep in mind that cryptocurrency is still not legal tender, but there’s no law telling you that you can’t place bets using cryptocurrency. If you’re from the US, you can use Bitcoin on sports betting sites that are NOT located in the country.
⭐ Which bookies are based on crypto betting platform?
Bookmakers which are based on crypto betting platforms and only accept payments from cryptocurrencies wallet are Stake, Cloudbet, 1xbit.
⭐ How do I buy cryptocurrency to crypto gambling site?
You can buy cryptocurrency by creating an account in any cryptocurrency exchange site available today. From there, you can open a wallet and start storing any currency bought in your digital wallet. Those who want to buy and sell can open a brokerage account.
⭐ Why do people love crypto sports betting sites?
Aside from the fact that it’s convenient, crypto sports betting is fast and flexible. Bettors have a wider range of sports to focus on and better security with each transaction.
⭐ What is online crypto gambling script?
Crypto gambling script using online sportsbooks and casinos. Its is safe and reliable, with a fair algorithm for masses. Its giving gambling sites to create your own custom gambling platform with handpicked provably-fair games, fully optimized for mobiles and other great features.
⭐ Which is best crypto betting exchange site?
Best crypto betting exchange site is 1xbit, they also have a big up to 7 Bitcoin welcome bonus. Betfair is another betting exchange, but this bookmaker does not accept cryptocurrencies.
Cryptocurrency sports betting sites 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 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 in bettting sites 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 2021 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 crypto betting odds and successful and long working experience.
Crypto Gambling Sites
You can place crypto bets on sporting events if you wish, or you can use your cryptocurrency to play your favourite online casino games (read this – crypto casinos). With so much choice out there, gamblers can choose to stick to things they already know and love, or they can explore what is new, there are many options.
Bet cryptocurrency in bookmakers websites is more popular than casino gaming, and more people do crypto currency betting. For regular sports gamblers, this is no surprise, and many people will stick to sports bet crypto. However, sometimes the thrill of playing inside a casino makes a good change, it will get the adrenaline pumping through your veins and give you a thrilling night that you won’t forget. This is certainly a different type of gambling, and although there are fewer regular players, it is something that many people do occasionally for the thrill they get from it.
One of the reasons why people choose crypto sports bet over casino gaming regularly is because cryptocurrency sports betting sites provides a better opportunity to win. Casino gaming involves more risk than sports betting for this reason. Those placing bets can do so on the sports they know and love and use their knowledge to try and win money from the crypto bookmaker. If you are a competent gambler and you have a good range of sports knowledge, you can use this to your advantage.
That cannot be said about casino gaming, which is more about luck and having things go your way. People cannot affect casino gaming in the same way that they can affect sports betting sites. For that reason, although many people love to play inside online casinos, they prefer to place sports bets as they give them more chance of being successful with their money. If you are looking more information about only crypto gambling in casino, look SmartCasinoGuide.com project, where you can find best crypto gambling sites list.
Top 10 Crypto Bookmakers
The crypto sports betting sector is becoming more and more competitive, with hundreds of sites available to choose from. In response to the stiff competition, top crypto betting sites are currently offering lots of benefits that range from bonuses and promotions to VIP rewards. Due to the massive benefits that crypto betting sites offer, they have become more attractive.
These sites offer fast deposits and quick withdrawals, a massive selection of casino games and low fees. Below you will find the top 10 crypto bookmakers. Go through them to discover more about their strengths, the platforms they focus on the most and how long they work.
Cloudbet offers a sportsbook as well as an online casino. While the sportsbook offers unbeatable odds on a range of markets, competitions and sports from across the world, not to mention free bets, the casino section is full of slot machines and other types of games. Halcyon Super Holdings B.V. is the company behind this betting site.
Launched in 2013, Cloudbet is a Bitcoin sportsbook holding a Curacao eGaming license. Cloudbet is popular for its state-of-the-art sportsbook section. It offers both live betting and streaming, allowing its customers to make bets with high percentages of winning. It does not matter whether you love electronic sports, virtual sports or real events; you will find lots of options to pick from.
Cloudbet is available to every punter, including those that want to place their bets from anywhere and at any time. So if you have a device that operates on iOS, Windows or Android, you will be able to make deposits, claim bonuses and withdraw your funds. The fully-optimised website provides everything, even on small screens of smartphones and tablets. More info you can find in Cloudbet review.
✔️ Customer support service is available 24/7 through live chat and email
✔️ Offers fast withdrawals through different cryptocurrency options like Bitcoin, LiteCoin and Dash
✔️ Generous promotions and bonuses for both new and existing players
⭕ No mobile application for convenient access
⭕ Players cannot sort sports by wager type, and the search feature isn’t working well
⭕ Limited forms of communication, the telephone option isn’t available
Fortunejack is a crypto gambling platform that is designed for both sports lovers and casino game players. It is among the best crypto sportsbooks in the world that accept cryptocurrencies as the main method of deposits and withdrawals. Continuous learning and constant growth translate into a safe, secure, fast, engaging and entertaining betting experience. Fortunejack primarily focuses on casino games, but the sportsbook section is also amazing.
Punters who sign up with this crypto sportsbook can place bets on a range of markets from soccer and tennis to American football and basketball, among others. Virtual sports live betting, and live streaming are all available.
There are also lots of Bitcoin bonuses and promotions that are offered for both new and existing players. New players have a 110% welcome bonus of up to 6 BTC while existing ones have lots of daily free bets to take advantage of Bitcoin betting. Established in 2014, Nexus Group Enterprises N.V. owns and operates this betting company that is registered under Curacao laws. More info you can find in Fortunejack review.
✔️ A generous crypto welcome bonus
✔️ A fully designed gambling site for crypto betting
✔️ The wide array of international sports to choose from
⭕ Live streaming isn’t available
⭕ No telephone/phone support
⭕ Relatively high wagering requirements of up to 30x
Stake is a popular sportsbook and online casino that accepts cryptocurrencies including Ripple, Litecoin, Ethereum, Dogecoin, EOS, TRON, Bitcoin Cash and Bitcoin. With a dedicated sportsbook crypto section that offers competitive odds on popular and minor sports like Soccer, Tennis, Basketball and Volleyball, Stake is also known to offer generous bonuses and promotions.
In addition to real events, the crypto sportsbook offers a wide array of virtual sports and electronic games. Live events are also available, and when you make deposits and play regularly, you will be able to join a VIP Club that is designed for different types of punters. For every BTC you wager, you will accumulate points that you can convert into generous freebies.
Medium Rare N.V., a company registered in Curacao, owns and operates the Stake Sportsbook. The company established the sportsbook in 2017, and since then, it has been offering the best betting and user experience on a range of devices, including desktops, tablets and smartphones that run on different operating systems. More info you can find in Stake.com review.
✔️ Compatible with all devices
✔️ An excellent live betting section
✔️ Instant deposits and same-day withdrawals
⭕ A high minimum withdrawal limit
⭕ No dedicated mobile gaming platform
⭕ No instant as well as same-day withdrawals
MBet Solutions founded this betting platform in 2016. The betting site mainly focuses on three main principles, which are fair, fast and fun. Sportsbet.io primarily focuses on sports betting, offering some good odds on a wide array of events and markets. Sportsbet.io holds a license from the Government of Curacao and uses the latest SSL encryption technology to protect the information and funds of customers.
The betting platform is one of the best crypto sportsbook and supports a massive array of crypto payment options as well as fiat currencies, providing you with plenty of options to pick from when it comes to depositing and making withdrawals. If you want any help, you can navigate to the support section that offers two popular options, which are email and live chat.
Whether you have a device that runs on Android, iOS, or Windows operating system, you will be able to access Sportsbet.io markets and products instantly. In addition to lots of sports, you will find many casino games ranging from slots and progressive jackpots to table games and live dealer games. More info about this crypto bookmaker in this Sportsbet review article.
✔️ Competitive betting odds on offer
✔️ A dedicated sports statistics section
✔️ Bet builder, cash out and live streaming features available
⭕ No phone support
⭕ Limited methods of payment
⭕ Slow customer care support service
Casobet is a brand new multi-currency online gambling website that offers live sports betting, competitive odds and casino games. Cybercorp LTD owns and operates Casobet, a gambling platform that was established in 2021. Despite being new to the gambling world, Casobet already enjoys a huge customer base from across the world.
The company is full of highly qualified betting and igaming experts who have worked with many operators from Malta. Their main aim is to provide Casobet customers with a high-quality gambling experience. Casobet offers a wide range of gambling products and services, but its main focus is on sports betting.
Similar to other popular sportsbooks, Casobet offers many sports from across the universe and covers both major and minor competitions. You will find the likes of soccer, tennis, volleyball and basketball, to mention just a few of them. When it comes to payments, you will enjoy safe, secure and reliable transactions whether you are making a deposit or withdrawing your winnings. More info in Casobet review.
✔️ Clean and simple website design
✔️ Support through live chat available 24/7
✔️ A dedicated online casino that offers an extensive portfolio of games
⭕ Does not show more information about licensing and regulation
⭕ High play-through limits on bonuses and promotions
⭕ Maximum cash out limits that applies to progressive jackpots
22Bet is an international gambling site. It offers two sides of winning as it believes that more fun is always better. Founded in 2018, 22Bet offers players both the services of a regulated online casino and a licensed sportsbook, providing a superlative gaming experience to all customers. If you are like most players, then you want a diverse gambling experience with plenty of options. And this platform was created to provide you with that.
From the huge number of sports markets and competitions to bonus offerings and rewards, more amazing things are always available at 22Bet. With more focus on sports betting, 22Bet is currently available in more than 30 countries and different languages.
Many things make 22Bet different from others. These things are universal compatibility and great bonuses. The pros below show additional features that make 22Bet one of the best sportsbooks available out there. More info in 22bet review article.
✔️ Thousands of eSports and actual events are available to bet on
✔️ Helpful analysis tools that are designed to help you make the best choices
✔️ Different generous welcome bonuses are available to choose from
⭕ Limited in-play betting options and opportunities
⭕ Few ongoing promotions for existing customers
⭕ No committed mobile betting platform
With only a few years of operation in the competitive online gambling industry, 20Bet already enjoys a massive customer base. Mainly aimed at sports lovers, 20Bet offers not only generous promotions but also many markets that come with competitive odds. The sportsbook caters to a wide range of punters, including those from European countries like the United Kingdom., Hungary, Germany, Portugal, Norway and others.
Since 2018, the sportsbook has been building its reputation to ensure it expands its customer base. Managed by TechSolutions Group N.V., the betting platform operates under the laws of Curacao Gaming Authority. With this top gambling authority backing the bookmaker, you can be sure that all of your gambling activities are safe and secure. On top of that, the latest SSL encryption technology is utilised to add an extra layer of protection.
20Bet provides a versatile gaming experience by offering some great features like live betting and live casino games. Players who love a platform that offers an all-around gambling experience and like betting with Bitcoins will easily fall in love with 20Bet. More info in 20bet review article.
✔️ Massive array of betting markets
✔️ Approximately 1000 live betting events each day
✔️ Support service available 24/7 via live chat
⭕ No support services through telephone
⭕ No dedicated mobile app
⭕ No bet builder
Paripesa is relatively new in the gambling market. Being established in 2019, the brand is owned and operated by Vezzali Limited. This company features a valid license from Curacao Gaming Authority and accepts both digital and fiat currencies. Despite operating for only three years, millions of punters have found Paripesa to be a perfect match for them. The betting company manages to attract thousands of players each year due to the numerous benefits that it offers, which range from generous promotions and highly rewarding incentives to quick withdrawals.
Each day, Paripesa customers have over a thousand sports events, from popular as well as minor niche markets. Customers will find bets on ice hockey, football, cycling, baseball, boxing, snooker, water polo, table tennis and a wide range of television shows like What? Where? When? Psychic and politics, among others. Paripesa is dedicated to offering top-notch sports betting services on all popular devices. If you are looking more sportsbooks that accept Bitcoin, check best Bitcoin sportsbooks sites 2022.
✔️ Reliable and fast bet processing
✔️ A massive selection of events
✔️ Guaranteed cashouts on all successful wagers
⭕ Live streams aren’t available on major sports and events
⭕ No mobile app
⭕ Relatively high wagering requirements make it a little bit difficult to withdraw your bonus funds after winning
Betflip is a top gambling platform that has been operating since 2019. It is one of the leading multi-currency gambling websites that allow players to use all major international currencies like Euros and Dollars, you also can do betting with Bitcoin and more than ten other cryptocurrencies. Betflip’s main focus is on sports and eSports, but you will also find live casino, casino and virtual sports.
Betflip offers generous promotions and bonuses on these betting products, allowing customers to enjoy the best experience from all corners. Each day, there are over 130 live betting events, allowing players to take advantage of fluctuating odds and bets with high winning potential. Whether you want to bet on top tournaments or individual games from across the world where sports take place, you will find an endless list of markets to select from.
Betflip also offers a well-optimised website that both desktop and mobile customers can access. And what is more? The website uses the latest SSL encryption technology that helps protect user information, funds and transactions when making deposits and withdrawals. More info in Betflip review article.
✔️ Fast payments
✔️ Easy registration
✔️ Innovative and highly rewarding bonuses and promotions
⭕ A safe and secure gaming platform
⭕ No mobile app
⭕ No detailed information about licensing and regulation
888Starz – Crypto Betting Revolution Site
888Starz is the first professional licensed DeFi gambling website that is powered by revolutionary blockchain technology. The team of experts that manages this betting site applies state-of-the-art blockchain technologies and integrates them into the heart and brain of this gaming platform. 888Starz has been operating for one year only, as it was founded in 2020. It operates under a license from Curacao Gaming Authority and Azimutone Ltd, and Bittech BV operates and owns it.
Thousands of new players trust this gambling site each year because of various reasons. Once they join, this platform that is dedicated to offering the best sports betting services and products provide them with a generous welcome bonus. And when they keep making deposits and placing bets on their favourite sports, including crypto football betting, basketball, table tennis, motorsports and more, they get an opportunity to enjoy lots of ongoing incentives.
It manages to offer sports betting services in partnership with 1xBet sportsbook. 888Starz is a unique crypto betting site as it allows players to use cryptocurrency tokens, popularly known as 888 tokens or 888Tron. More info in 888starz review article. Crypto betting revolution began with the 888Starz platform.
✔️ An impressive welcome bonus is available
✔️ A loyalty program is available for VIP club members
✔️ Customer support service available 24/7
⭕ A little bit difficult to navigate the website
⭕ Slot withdrawals
⭕ No mobile application
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 cryptocurrency betting sites. 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 Bitcoin betting or 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.
Crypto Betting Tips: How to Bet with Cryptocurrency?
If you would like to start sports betting with crypto then you need to do two things. The first is to find betting sites 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 crypto 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 cryptocurrency sports betting website is located and it is performed instantly, giving you instant funds in betting sites account so you can place the crypto bet you need.
After you have funded the account and you have money to spend with your cryptocurrency betting sites, you can place bets as you normally would do with normal currency. Crypto betting site 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.
Crypto betting tips – when you are ready to cash out your winnings, the process is just as simple. You go to the bookmakers banking section and request a withdrawal in your chosen cryptocurrency and then it will be transferred back into your e-wallet within a few minutes, allowing you to then either spend it as you please or exchange it for another currency. More information about this topic you can find in this article – how to bet with crypto.
How to Buy Crypto in Simple Steps?
Every player who wants to taste the sports betting action by placing a crypto bet must first learn to buy crypto on their own. They can do so through a process known as crypto exchanges. These exchanges is a virtual marketplace to convert fiat currency into crypto.
The best crypto exchanges are easy to use, secure, and accept numerous funding options. Every exchange also has its pricing model and platform, depending on how the crypto market works. It’s also worth noting that a few cryptocurrency exchanges use centralised systems and user accounts.
Choose a Crypto Exchange
The first step in buying crypto is choosing a exchange where buyers and sellers meet to exchange dollars for coins. We often advise beginners to opt for a exchange that’s easy to use and provides high security. As shared in this article, our top picks include Coinbase and BlockFi.
Similarly, it’s important to establish whether the exchange platform has an inbuilt wallet. Exchanges without wallets require the buyers to have their own wallets. Other platforms like Robinhood or PayPal are great places to get started with.
Pick a Payment Option
Once the buyer has a crypto exchange in place, the next step is to fund the account before trading in. Most exchanges are handled via bank transfers, PayPal, wire transfers, a cryptocurrency wallet, or even bank cards. Each exchange charges a transaction fee depending on the funding options.
Place an Order
A fully funded account now allows one to place an order to buy Bitcoin or other coins. Every platform has a unique way to allow buyers to purchase their coins. It may involve a simple tap of a button or a click on the BTC symbol. The prices keep on fluctuating depending on the market dynamics.
Select a Safe Storage Option
Cryptocurrencies doesn’t enjoy the same type of protection as money in a bank account. As the owner, storage falls squarely on you. That’s why any player wishing to use their crypto on gambling must first find a safe storage option.
Top crypto exchanges provide integrated custodial wallets for buyers. If the buyer wants to store the currency themselves, they can transfer it to their own hot or cold wallet. They also have private insurance to compensate clients if anything unfortunate happens.
However, the best storage option for Bitcoins and other coins is a cold wallet of one’s choosing. This is an offline crypto wallet that involves making your free paper wallet. Hardware wallets are the most common type of cold wallets. These are small devices you connect to the internet when sending and receivingcryptocurrencies. Most importantly, they keep your funds offline.
The buyer needs to consider whether they want to own crypto directly or through a futures contract. This also depends on what one wishes to do. Futures contracts offer a return on the currency’s movement.
How one decides to own reflects on the potential gains. Direct ownership is often associated with constant profit gain by a dollar per every dollar increase in the currency. Owning crypto through a futures contract attracts more quick gains and exposes the owner to the risk of losing it all in no time.
Cryptocurrencies is highly secure, so there’s no need to worry about hacking and any other form of online theft. But just to be sure, buying from a traditional broker or a reputable platform may provide better assurance because of their long-standing experience in the business.
Top Crypto Sports Betting Exchange Review
Cryptocurrency sports betting exchanges allow punters to purchase, sell and convert different crypto products. They’re necessary for crypto products to be traded at the scale they’re currently. While some exchanges provide competitive speeds and prices, others offer specialized financial services and products. Here are the reviews of the best crypto sports betting exchanges.
Coinbase Sports Betting: If Coinbase Decides You Shouldn’t Bet?
Coinbase is one of the leading cryptocurrency exchanges in the world. It has provided a reliable on-ramp for different cryptocurrencies since 2012, and in 2016, it started adding altcoins to its list. Coinbase is secure and has an excellent record as a custodian. It offers a variety of services, including brokerage, exchange, staking and OTC trading.
Coinbase does monitor where users send and receive coins from. The exchange tries to get its users to authenticate their accounts and then track every transaction. So no user can remain anonymous while trading or using Coinbase sportsbook. It has a record of tracking customers who use dark markets and Coinbase gambling sites. Users who are caught are threatened with account closures and can be reported to the relevant authority.
If you have been using Coinbase sports betting since 2019, then you already know how it has supported campaigns against the COVID-19 pandemic and currently, it is behind Ukraine. To show its support for Ukrainians, Coinbase has locked about 25,000 wallets owned by Russians out of their cryptocurrency accounts. The funds of these Russians have been effectively seized.
The accounts are believed to be engaging in illicit activities. According to the spokesperson of Coinbase, the company won’t institute a blanket ban on all Coinbase transactions relating to Russian addresses. Coinbase online gambling will still be available to Russians who engage in it. However, the company is monitoring the situation and will make changes if need be
Binance Sports Betting: Best Crypto Exchange for Gambling?
Binance is simply the best cryptocurrency exchange for sports betting, thanks to its low trading fees, a massive range of cryptocurrencies to trade, dedicated staking service and trading platforms for both advanced and beginner investors.
Founded in 2017, Binance supports more than 500 crypto products and operates in more than 180 countries. Binance offers a number of services, which include P2P trading, exchange, debit/credit card, and wire/SEPA transfers.
Trading on the Binance platform is easy and user-friendly, and there is an impressive crypto selection for trading in collaboration with BUSD, Tether, DOT, DOGE, TXR, XRP, BNB, Bitcoin and Ether. Users can choose between advanced and beginner-friendly interfaces for trading.
Due to all these benefits that Binance offers, many sportsbooks work with it. Some of them even offer special bonuses and promotions for individuals who use Binance betting. With all these facts, Binance is indeed a perfect exchange for gambling. Binance sports betting is a great way to make some extra money and have fun at the same time.
FTX Sports Betting: FTX Tried to Buy Sports Betting App
FTX is a crypto exchange primarily focusing on trading, with a massive array of products, including the likes of derivatives, leveraged tokens and volatility products. The FTX platform has many features that professional trading firms and experienced traders will find valuable. FTX is also dedicated to supporting sports and the betting industries. FTX betting includes a full range of markets on all major sporting events.
In line with this, it has tried to purchase sports betting apps, including PlayUp, one of the top-rated gambling applications in the online wagering space. The exchange started negotiations to purchase the sports betting app for $450 million. However, the negotiations collapsed when Laila Mintas, the PlayUp U.S. CEO, was upset by her contract situation.
Founded in Australia and currently offering its services in New Jersey and Colorado states in the USA, PlayUp is suing Laila Mintas for purportedly sabotaging its sale to FTX. It is not the first time that exchange is trying to purchase a FTX sports betting company. The company recently invested in BetXDex, a crypto-based sports betting company started by Nigel Eccles, the former CEO of FanDuel.
Advantages of Betting with Cryptocurrency
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 in best crypto betting sites you are able to remain anonymous when you are depositing funds with your bookmaker (read this – anonymous betting). 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 best crypto sports betting sites.
Another benefit of cryptocurrency bets 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 cryptocurrency betting.
Withdrawals are also beneficial to do using cryptocurrency. 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 betting sites, 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 betting sites, 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 best crypto betting sites, 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 sites. 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 sites you want to find a good Bitcoin betting 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 cryptocurrency sports betting website.
For and against Bitcoin Cryptocurrency Betting
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 crypto 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:
✔️ Majority of those companies exist for a short period of time, therefore they give good conditions to new players. Some bitcoin bookmakers and crypto bet sites give promotions up to 5 BTC (which at this moment is more then 200 thousand euros).
✔️ Since BTC is not stable, betting limits for bookmakers bitcoin are far greater. You can bet good amount of money in cryptocurrency betting sites.
✔️ You can be kind of anonymous in crypto bet site. 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 cryptocurrency and Bitcoin betting sites.
✔️ Bitcoin bookmaker like these help you to use crypto 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:
⭕ 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 cryptocurrency 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 in your crypto sportsbook.
⭕ Reliability issue. Many of these betting sites are considerably young, so these crypto sport betting websites might be significantly affected by changes in crypto market. While these cryptocurrency betting sites 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 bet sites 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 Bitcoin betting exchange.
Just like a sportsbook, it is a sports betting website that permits users to bet on different sports events using Bitcoin. Betting exchanges differs in a sense that bettors compete against other bettors while in a sportsbook, a bettor places wager and the bookmaker is the facilitator.
Here is how Bitcoin betting 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 betting sites, 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 (read this – Betfair review). But because people can’t get enough of it, a lot of other exchanges have appeared all over the internet. Knowing what is Bitcoin betting is one thing, but if you’re getting tired of using it on sportsbooks, try Bitcoin bookies betting exchange now.
Best Crypto Football Betting Site
If you are looking for the best crypto football betting site, then look no further that we recommend. This bookmaker is top 1 in football betting with crypto rating. This bookmaker offer a wide variety of bets on all major football leagues, including the English Premier League, Spanish La Liga, German Bundesliga, Italian Serie A, and more.
There are a few things to keep in mind when football betting crypto. The first thing is that you need to understand the process and how it works. This includes understanding the various types of football bet crypto and how they work. You also need to be familiar with the different crypto betting odds that are associated with each type of bet.
The next thing to remember is to stay up to date on the latest news and events surrounding the teams that you are considering make crypto bet football. This includes understanding any injuries or suspensions that may be affecting the team. You should also be aware of any changes in the lineup or coaching staff.
Finally, you need to make sure that you are comfortable with the amount of money that you are willing to risk. You should never bet more than you can afford to lose. This is especially true if you are new to football bet with crypto.
What is a Masternode Crypto?
A Masternode crypto is vital to ensure the integrity, and ultimately the success of any coin network. Without this there is no integrity, without integrity, the coin network will more than likely fail as people will not trust it enough to invest. A node is a computer that ensures a coin network runs above board, everything in the network is transparent and ultimately, it acts as a trust mechanism for those who are investing. There is no single node, the crypto space is distributed to many people around the world, so you will have many people, all of which are running nodes from different countries.
A full node is required to host the blockchain though and support the network and this is where a crypto Masternode comes into play. A Masternode is also known as a crypto full node, which in simple terms is a computer wallet. This supports the network fully because if hosts and entire copy of the coin’s ledger and it does this in real-time.
There has to be a return for doing this, and the Masternode cryptocurrency will receive payment in the form of crypto coins as a reward. Those who have previously taken part in mining enjoy going into Masternoding, it is a great alternative if you are looking for something a little different.
So, why run a Masternode?
Other than the financial reward, running a Masternode also allows you the increase the privacy of any crypto transactions you make. It also gives you the ability to make instant transactions, when moving money fast is your main aim. The user can vote and take part in governance and lastly, the Masternode enables the treasury and budgeting system in cryptocurrencies to take place.
The overall performance of a Masternode will be dependent on how it has been implemented into the currency, so look out for this.
What is crypto block explorer?
A crypto block explorer is something you may see called different names. It could be known as a blockchain explorer or a block explorer. These are all the same thing, just called something slightly different by different people.
A crypto block explorer is essentially a browser that is used to look at blockchains. This is similar to what you use on a computer, you browse the internet using your favoured browsing software.
Block explorers are used regularly by Bitcoin and other crypto coin users, these are needed to track recent transactions and ensure everything is running smoothly.
However, there is a lot more that these tools can do, and many users fail to realise that, using them for only simple tasks. Your crypto explorer can provide you with far more information than you realise, some of it is very valuable to you.
To begin with, you can view the entire blockchain you are using with your explorer, not just what you have done yourself. However, it is important to note that you must use the correct explorer for the right blockchain. A Bitcoin explorer will only work on a Bitcoin blockchain for example.
Some of the features of an explorer include giving you the ability to explore recently mined blocks, this may include a live feed of blocks that are being added in real-time. You can also see the transactions that have taken place in blocks in the past, while you can search through the history using a specific address.
This includes finding out information such as how many transactions the address has received, the balance it currently holds and much more.
Crypto block explorers are excellent tools to use and if you have the time you can use them for some important and complex researching inside your blockchain to see what is taking place.
Celsius Wallet Down: Is Celsius Exchange Bankrupt?
What is Celsius network? Celsius, once a giant of the cryptocurrency lending world, is currently in bankruptcy proceedings. There are also claims that the company was running a scheme by paying initial investors with funds obtained from new users.
Over 1.5 million users ensnared by the purported fraud are currently pleading with the Court of Southern District of New York to assist them in getting their funds back.
What Shows Celsius Exchange is Bankrupt?
In August 2022, Celsius filed for bankruptcy protection in the Southern District of New York federal court. The filing wasn’t a surprise to most individuals familiar with the company’s recent news, as it had been over 30 days since Celsius Network stopped customer withdrawals due to self-described and self-reported “unfavourable market conditions.”
How the company will treat the frozen funds is what distressed many customers. In the federal court filing, the company’s Chief Executive Officer, Alex Mashinsky, disclosed about £/$1.2 billion hole in Celsius’s current balance sheet.
As of 13th July 2022, Celsius had about £/$ 4.3 billion in assets and approximately £/$5.5 billion in liabilities. The company said that it owes customers over £/$ 4.7 billion.
Will Celsius Release Customer Funds?
While Celsius has requested authorisation to sell all of its stablecoins to pay for operations, it isn’t clear if it will pay back its customers. Paying back its creditors is a separate ongoing legal proceeding.
Still, the company claims that it is in everyone’s interest to monetise its stablecoins to continue all of its operations without securing additional funds.
According to the terms and conditions of Celsius, any digital assets transferred to the company constitute a loan from the customer to the firm. Also, in the terms and conditions, the company warns that in the event of economic failure, any digital assets used in the Borrow Service or in the Earn Service may not be recoverable.
And on top of that, customers may not have the rights or legal remedies in connection with the company’s obligations.
Should things ever go wrong, these terms and conditions read like an attempt to cover immunity from legal wrongdoing.
What Happened to Luna?
Terra Luna is now famous for the cryptocurrency Luna crash that took place in May 2022. The asset, which sold as high as £66 per $LUNA, is currently about £0.0001075 per $LUNC.
Terra Luna was a stablecoin designed and created to reduce volatility in the cryptocurrency market by keeping a fixed value over time.
However, unlike other stable coins, Terra Luna wasn’t pegged to any stable reverse asset like the pound, dollar or gold. Instead, its ability was primarily based on computer programs tied to Luna, its sister cryptocurrency.
When the valuation of Luna dropped from approximately £66 at the start of May 2022 to a cent fraction, Terra Luna’s followed suit. There are numerous speculations about how the stablecoin crashed.
One main speculation is that there were lots of sell-outs of the Terra Classic USD. Based on this theory, in early May 2022, there were massive withdrawals on the ecosystem of the Terra Classic USD. These withdrawals increased Terra Classic USD’s supply bringing the price down.
As the price of Terra Classic USD lowered, most investors panicked and started to sell the token. As the Terra Classic USD was sold, the Terra Luna token was minted, and its price fell drastically. The token was introduced to keep the price of Terra Classic USD steady. However, in the long run, the two assets crashed and Luna coin dead.
How Does it Impact the Crypto Market?
The collapse of this token sparked panic in the crypto market. Most investors lost their savings as they saw their cash move from thousands of pounds/dollars to a few cents within a few days.
The crash of Terra Luna was a defining moment in the cryptocurrency industry. The point the crash drove home was that any form of cryptocurrency would always be volatile.
The crash generally led to less trust for crypto stablecoin assets and coins. Many critics of blockchain technology described cryptocurrency as a scheme in which individuals had been played twice. However, the best part is that the entire crypto industry suffered, and it is currently recovering.