Mon. Jun 17th, 2024

Best betting options with cryptocurrencies

It is not new. Nowadays, more and more people are opting for the use of cryptocurrencies, both to make investments and to carry out online payments. The owners of online casinos and sportsbooks are aware of this fact, which translates into the fact that numerous virtual entertainment portals have adopted cryptoassets as a deposit and withdrawal method.

Soccer bookmakers that support cryptocurrencies

Betting with cryptocurrencies is nowadays an indisputable reality. Soccer fans who wish to place their bets making use of their digital currencies have more and more portals at their disposal. If you want to know where to bet on your favorite teams, keep an eye on the following list.

Sportsbet

It’s a prestigious online gaming and betting company owned by Flutter Entertainment. On its portal, it is possible to place bets on a wide range of sporting events and happenings, among which soccer is one of the most important. In this portal, you can make deposits and withdrawals using these cryptocurrencies:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Cardano (ADA)
  • Ripple (XRP)

Don’t forget to check out their promotions section to get the most out of your bets.

1xBit

Another option you can go for if you are a Bitcoin (BTC) holder is 1xBit. In this sports betting portal you will find the main soccer matches of the moment. It is licensed by Curaçao eGaming, so you can safely make deposits and withdrawals in BTC. 1xBit usually has the most interesting welcome bonuses, don’t miss them!!

22Bet

This online gambling portal was created in 2017 and has not stopped gaining in popularity since then. Part of its success is due to the fact that it supports numerous types of cryptocurrencies, among which stand out:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LCT)
  • Dogecoin (DOGE)
  • Monero (XMR)
  • Bitcoin Cash (BCH)

The most popular cryptocurrencies for online betting

While there are thousands of cryptoassets available on the web, not all of them are equally popular or reliable. Portals that accept cryptocurrency bets know this, so they consequently limit the cryptocurrencies they support. Here is some information about the cryptocurrencies accepted by the best soccer bookmakers.

Bitcoin (BTC)

Bitcoin is the queen of cryptocurrencies. Launched in 2009, it has become the so-called “digital gold”. It is the forerunner of blockchain technology, which has fostered the emergence of thousands of other cryptocurrencies. There is a maximum of 21 million Bitcoin, not one more, not one less. It is important not to confuse it with Bitcoin Cash (BCH), which has a lower value and popularity.

Ethereum (ETH)

Ethereum is one of the most relevant digital currencies of the moment. Emerges in 2015 under Vitálik Buterin and gives rise to smart contracts. In the year 2021, it reached a value of USD $4.372. No costs or commissions are involved.

Litecoin (LTC)

It was born in 2011 as an alternative to Bitcoin based on its protocol. This cryptocurrency was specifically designed for fast and secure online payments, which makes it a great option when making transactions at gambling houses.

Advantages and disadvantages of betting with cryptocurrencies

Betting with traditional money or cryptocurrencies is a personal choice. However, we want you to have the information you need to make an informed choice.

Advantages

  • Cryptocurrencies are decentralized money, i.e. they do not depend on any banking entity. You are the only person who can manage it, having full control over it.
  • You can exchange them for fiat currency or any other cryptocurrency at the time you consider. Remember: when you own cryptocurrencies, you have full control over your assets.
  • Transactions are carried out faster than with traditional money.
  • 100% secure and transparent operations.

Disadvantages

  • There are still many sports bookmakers to join in accepting this type of currency. It’s just a matter of time.
  • High volatility (the price of cryptocurrencies tends to vary more than that of traditional money).

Conclusion

Online betting with cryptocurrencies is here to stay. Those who talk about cryptocurrencies as “money of the future” should know that it has become the money of the present. Making deposits and withdrawals with cryptocurrencies is as easy as with traditional money. Now, soccer lovers can place their bets with cryptoassets such as Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC), to name a few, in numerous virtual casinos.