Bookmakers who Accept Bitcoin

Payments and deposits for your online betting accounts are evolving all of the time, and now a whole host of best bookmakers are now offering
the opportunity to use Bitcoin as a way of funding your account.

Not only can you use your standard credit and debit card to fund your betting account, and of course bank transfer, but now you can also fund an
account using an e-wallet, Western Union and very new to the bookmaking industry is the option to fund an account using crypto currencies.

As Bitcoin and other “Crypto” currencies gain pace in the financial world, you will see a lot more online betting providers offering this as an
option, this will actually bring more bitcoin holders online, and once crypto currencies are available to exchange punters, this will open up
endless opportunities and increased liquidity in the exchange betting markets.

There are many new bookmakers that now provide the option to deposit and withdraw using Bitcoin as a currency option. Bitcoin is one of the most secure
crypto currencies on the planet, with hundreds of millions traded each day.

The first thing you have to do to start betting with bitcoin is to acquire some bitcoin. This is getting far easier to accomplish as bitcoin becomes
more common. Bitcoin exchanges such as Coinbase allow users to buy bitcoin using the local currency in their own country.

However, you need to be aware that these exchange sites do not allow bitcoin owners to make any type of betting transaction on their networks.

You will need to use a second bitcoin account or as an alternative you can use a bitcoin ATM, which is similar to a regular banking cashpoint or
ATM machine, where a user can insert funds which are then exchanged for bitcoin. This allows you the person who bought the bitcoin, to do whatever
they please with it once it is purchased, as opposed to potential restrictions on transactions from bitcoin exchange sites.

One thing you should check when using Bitcoin are the transaction fees. These can be high unless you are using a recognised crypto currency
exchange service.

At present the number of bookmakers accepting Bitcoin is limited to some offshore companies that are not licenced in Canada or one of the recognised
gambling jurisdictions, however, that does not stop you using Bitcoin to deposit into your favourite betting account.

To do this you will need to set up an account with Neteller first. Once you have a Neteller account you can fund this with Bitcoin and then fund
your account with your favorite bookmaker.

You will need to check transaction fees as you are making a double transaction to fund your betting account. For more info on Bitcoin betting, make
sure to follow our blog where we give regular updates on all things sports betting.

Many bet sites now offer bitcoin as a core transactional tool, replacing or deputizing traditional fiat payment vehicles. 

As crypto assets integration continues in the betting industry, you may have some questions concerning this development. In this post, however, we’ll discuss betting with bitcoin works.

Betting with bitcoin is a relatively new betting service where online betting firms allow bettors to use cryptocurrencies like bitcoin to fund and stake their bets. 

And when they win, their withdrawal will also be digital assets instead of traditional currencies. Simply put, you bet with Bitcoin or Ethereum instead of Dollars or Pounds.

Crypto Betting operation is similar to how conventional betting works. The variations are the currency you stake and the mode of funding and withdrawal — as in the case of using fiat currencies. 

When it comes to betting with cryptocurrencies, your stakes can be Bitcoin, Litecoin, Ethereum, or other digital assets the betting platform supports.

The crypto betting platform typically allows you to leverage a connected crypto wallet when you want to deposit. 

You will copy the wallet address and transfer your desired cryptocurrency the usual way you share crypto. 

Upon successful transfer, the digital asset will reflect in your balance, and you can stake it as you wish. To withdraw, copy your private wallet address and transfer your winnings there. 

The legality of bitcoin gambling is a popular question among bettors. With cryptocurrency a disruptive payment tool, many are curious if authorities allow punters to bet with bitcoin. 

The legality of bitcoin gambling is dependent on the part of the world you live. Most countries don’t have specific legal rulings against the act. 

Many of these countries allow cryptocurrencies for regular online transactions. Therefore, it’s safe to say crypto gambling may be lawful in such countries.

However, some countries don’t recognize crypto. If crypto is illegal in your location, gambling with bitcoin may be unlawful. 

So while there is no definitive say on the legality of bitcoin betting universally, we encourage you to confirm if your jurisdiction doesn’t prohibit cryptocurrencies.

Let us take Canada, for example. Cryptocurrency is not banned in Canada, but the authorities have regulations in place to control crypto gambling.

Casinos that wish to offer cryptocurrency gaming services will prove that they have the requirements to create and manage it. 

In the US, the Unlawful Internet Gambling Enforcement Act prohibits irresponsible online gambling. But there is a bit of a lack of clarity as to if bitcoin betting falls under irresponsible online gambling.

So to wrap things up in this section, the legality of gambling is still unclear, varying with the prescriptions of the laws in your area. 

However, we can’t deny that crypto gambling expands the payment options for bettors and makes the act more interesting.

As much as we advocate for the radical improvements bitcoin introduces to the online betting universe, we must recognize that crypto betting is not as fully regulated as traditional betting.

Given such considerable risks, you must be cautious when vetting bitcoin sports betting sites. Here are some of the parameters you should evaluate them with.

Reputation

It would help if you researched how reliable the bitcoin betting site is. What is their reputation in the online betting space?

Have there been any scandals? What are previous and existing customers saying about their services?

You can also check past and present players’ reviews. Confirm their credibility before you even register with them.

Cryptocurrencies supported

There are tens of coins you can use for online betting today. Understandably, every crypto-accepting bookmaker will be selective about the coins they let you transact with.

Therefore, ensure the bookmaker accepts your cryptocurrency. Typically, check if they support Ethereum and Bitcoin. 

Regulation

Not all cryptocurrency bookmakers are regulated. More established bookmakers tend to be licensed, while the newer platforms may have unconventional apparatus for transparency.

It is up to you to investigate this. Study how the site is governed. Is the platform licensed?

Check through the site for their terms and conditions. 

Spare some time to study their betting policies and limits to avoid unwanted surprises later. Conduct a thorough inspection and see if you are satisfied with your findings.

Mobile Compatibility

Mobile betting is rapidly going mainstream. Very few bettors want to be stuck to their computers all day.

Therefore, ensure your preferred crypto sports betting sites have mobile-friendly services. Ensure the site supports the most popular mobile platforms.

Check the fluidity of the bookmaker’s site from your mobile phone or tablet. That will enable you to place your bet even if you’re not at home via your smart devices. 

Also, check if they have apps and if it is compatible with your devices.

Available Games & Their Developers

When it comes to bitcoin betting, the higher the number of games available, the more fun!

It goes without saying that you enjoy an enhanced sports betting experience when you have a variety of game selections. Make sure your favorite slots and card games are available. 

Also, check through their software developers list. Are they renowned providers whose games are well-audited for fairness?

Games developed by regulated software engineers are safer. However, you might not enjoy anonymity playing them.

Odds competitiveness 

Of course, you wouldn’t jump on any bookmaker just because such a bookmaker accepts bitcoin. Profitability is the fundamental inspiration behind your betting adventures.

Profitability, here, is largely connected to how competitive the bitcoin bookmaker’s odds are.

Yes, a top crypto betting platform should not only have numerous games, but their odds should be top of the market. 

To stand a chance of massive winning while you enjoy your crypto betting experience, make sure the betting platforms have many sports, market options, and competitive odds.

Customer Support Services

Before choosing a crypto betting platform, ensure they have standby customer support to respond to questions that come with the new betting service. 

A good site should have phone-accessible and live chat agents ready to assist. 

A platform with just an email support option is suspicious, and you may want to consider others.

Offers and Promotions

Here is the juicier part, certainly. You love incentives, don’t you?

Yes, and you may want to streamline your search to bitcoin betting sites with the most attractive promos and bonuses (while meeting the parameters we mentioned above).

Freebies obviously increase your chances of making profits while helping you better acclimatize to the platform.

Nowadays, many sports betting sites have found it pertinent to include cryptocurrencies, especially bitcoin, as deposit and withdrawal options and even as an alternative to staking with fiat.

Listed below are 10 of the best sites that allow you to stake your sports bets with bitcoin.

Stake (200% up to $1000) 

Stake, founded in 2017, is a relatively new entrant to the gambling market but has implemented giant strides to catapult them to enviable heights in just a short while. They increased their reputation by sponsoring some of the top soccer clubs in different leagues around the world.

The Curacao-incorporated company offers different gambling services, such as casino games and sportsbetting, with a wide range of markets.

Early payouts, refunds, and various benefits for participation are among the fantastic range of promos that Stake offers to new and returning consumers. 

Overall, this cryptocurrency sports betting sites does a great job of providing a high-quality betting experience and has all bases covered.

Stake is solely a crypto-based bookie, meaning that all deposits and withdrawals are made using cryptocurrencies such as Bitcoin. 

The deposits and withdrawals are processed very fast and will reflect in your account in no distant time.

So you are free to deposit any supported crypto of your choice and begin your crypto betting adventure.

888Sports (100% up to $100) 

888sports is the sportsbook subsidiary of the well-known 888 Holdings PLC. Founded way back in 2008, this bookie is well-versed in the business and has got what it takes to ensure customers’ safety and an entertaining adventure while betting. 

888Sports offers a wide range of bonuses and promotional offers to welcome new users to the fold and keep members immersed in the experience.

This online sportsbook offers betting services in different sports such as soccer, basketball, tennis, golf, and lots more. Besides, there are still markets for virtual sports and esports like Dota 2.

They have several deposit and withdrawal channels using traditional currencies. However, crypto enthusiasts can still deposit Bitcoin via Skrill which will be converted to the local currency. You can make use of your deposits on any of the casino games or sportsbook markets. 

The 888sports web interface is simple to understand and easy to navigate. The customer care service is superb all day, and withdrawn winnings are paid to your desired destination as quickly as possible.

Sportsbet.io (up to €40 in free bets) 

Founded in 2016, Sportsbet.io is a specialized cryptocurrency betting platform. The bookmaker’s goal is to provide a fast, entertaining, and fair betting environment. 

You will get anyone of your choice here, whether it is casino offerings or sportsbooks markets. In its casino platform, you are guaranteed games from top-end gaming providers, while its sportsbook offers feature markets from various sports.

Punters are drawn to the site by its sports coverage, round-the-clock customer service, quick payouts, and recurring promotions.

Other features available at Sportsbet.io are live betting, virtual sports betting, Acca boost, and pulse betting, all combined to enhance the betting experience.

In addition to traditional currency, bettors can deposit using bitcoin and other supported cryptocurrencies such as Litecoin and Ethereum.

BetWay (up to $30 free bet) 

Betway is not a new name in the betting industry. Founded in 2006, the company has come a long way in offering premium betting services to its customers. 

They are well known worldwide, thanks to sponsorship programs of different athletes and soccer clubs.

Signing up with Betway is very easy to achieve. Once you sign up, you are welcome with fantastic deposit bonuses for use.

Betway has casino games for casino lovers, while sports lovers are also occupied with sportsbook offerings.

There are different sports available in this sportsbook, with markets having fantastic odds. There is also the live bet feature, virtual sports, cash out, bet builder, and esports, 

Betway is available in both a web version and a mobile version. In addition, Betway provides betting apps on Android or iOS phones for those who prefer using apps.

Making deposits at Betway is a breeze as you can use traditional fiat methods or Bitcoin, which are fast.

Energybet (Bet $10 get $10 free bets) 

EnergyBet was established in 2012 and holds licenses. This betting company offers premium betting services to all customers and has garnered praise for its exceptional services.

EnergyBet provides different betting markets for its sportsbook, with over 16 sports available. In addition, bettors can also find live betting services, virtual sports, and esports.

Talking of exports, this is one section that bettors love in this site as it offers markets on games such as Dota 2, Counter-Strike, Valorant, and others.

Apart from its web version, users of iOS and Android devices can access EnergyBet with the apps made for the respective operating systems and still gain an incredible experience, just like in the web version.

EnergyBet has enough services to satisfy the majority of bettors, including cash-out and live chat assistance. In addition, EnergyBet provides wagers on TV shows, political events, and award ceremonies.

Deposits with EnergyBet are not streamlined to only Fiat currencies alone. Thankfully, berries can make deposits using Bitcoin, with a deposit limit of $1,200. 

NetBet (weekly $5 free bet) 

NetBet came into existence in 2001 and is fully licensed to operate by the Gambling Commission. In 2016, NetBet became the first company with a license to accept Bitcoin payments, with deposits starting at $10. 

Joining NetBet is very easy, as all you need to do is to follow the simple registration steps. Once registration is successful, NetBet welcomes you with a welcome bonus and various other bonuses. 

In addition, you are entitled to several other promotional offers and bonuses even as a returning customer.

NetBet has more than 25 sports available for betting, with highly competitive odds in each sports market. There is also the virtual betting section and the esports section housing sports like Counter-Strike, Call of Duty, and Dota 2.

A results page offers a wealth of information about sporting events and features like cash out, live bets, accumulator boosts, bet makers, and statistics to increase the bookie’s appeal. 

NetBet is available to customers in both its web and mobile versions. For those that prefer apps, you can head to the website to download the app compatible with your phone.

Overall, NetBet is a very reliable bitcoin-accepting betting platform with the ability to give bettors a thrilling betting experience.

Parimatch (up to $30 in free bets) 

Parimatch is a reliable betting site that aims to provide a scintillating betting experience to all its users. Once you register, you are ushered in with a welcome bonus of up to $30. 

Even as a returning customer, you will still benefit from promotional offers, such as the Happy Weekend campaign, where you will get 20% of your weekend’s lost stake.

Parimatch prides itself on safety, offering a site where you can safely keep your deposits and use them any time you want.

Talking about deposits, Parimatch offers a wide range of deposit options using fiat currencies. Besides, they have joined the growing list of betting sites adopting cryptocurrencies for both deposits and withdrawals.

Depending on your location, you can make your deposits and withdraw using Bitcoin, Litecoin, Ethereum, and a host of other supported cryptocurrencies. Transactional processes are swift, and you get your funds almost immediately.

Parimatch’s sportsbook contains markets on many sports, such as Soccer, Basketball, Volleyball, Tennis, and even esports. 

Each of these sports has several markets for bettors’ preferences. You can bet on live games, virtual games, and even live streams on some sports.

Aside from the web and mobile versions, there is also a mobile app for a more convenient betting experience.

To resolve any pending issues, Parimatch employs a team of dedicated customer care representatives who work round the clock to ensure that your issues are quickly resolved to enable you to resume your betting experience.

1XBet (100% up to €130) 

1XBet is not a new face in the online betting industry, as it has been operational since 2007. 

Despite initial setbacks, the company has been able to get its acts together and has forged on in its bid to dominate the betting industry in different regions. 

In addition, they operate thanks to their Curacao license legitimately. 

1XBet offers both casinos and sportsbooks. Users can enjoy live casinos from top-of-the-range software providers and sports markets on various sports such as Soccer, Basketball, Golf, Horse Racing, and others.

In addition, there is esports to bet on, such as Call of Duty, Dota 2, and Counter-Strike. Besides that, bettors can bet on Special events like Politics and Award shows.

Its casino and sportsbook offer competitive odds, bonuses, price boosts, and special promotions to immerse users in the adventure.

With 1XBet, deposits and withdrawals are swift. There are a large number of deposit and withdrawal channels for fiat currency. 

Joining the crypto trend, 1XBet also provides crypto deposit and withdrawal options via Bitcoin, Litecoin, Ethereum, and several other supported cryptocurrencies. You are guaranteed a quick transactional process with any of these crypto channels. 

Be assured that with 1XBet, you don’t have to wait for long before your issues are resolved, as its dedicated customer services are there to resolve them as quickly as they appear.

Besides its mobile and web version, users can also download the 1XBet mobile app for more convenient usage. 

Overall, 1XBet offers bettors to enjoy a safe and fun betting experience, either with its casino or sportsbook option.

22Bet (100% up to $100) 

22Bet is a gambling site that offers the fun side of gambling in its array of online betting options. Founded in 2018, this online betting site is licensed to operate an online casino and a sportsbook.

For its casino option, there is a vast selection of live casinos, slots, tables, and other casino games, each curated from a list of top-of-the-range gaming software providers.

Its sportsbook option is not different as it features markets from popular sports worldwide. These include Soccer, Volleyball, Basketball, Tennis, and a host. In addition, you will also find live games, virtual games, and esports in 22Bet.

22Bet offers competitive odds, welcome bonuses, and several promotional offers to keep the customers glued to the platform.

With 22Bet, you can make deposits and withdrawals via any supported channels. 

In addition, it also proffers the option to deposit using Bitcoin and other supported cryptocurrencies. Whatever means you choose, you are sure of a swift transaction.

The customer care service is top-notch, as you are guaranteed a swift response via any dedicated contact options.

Betwinner (100% up to €100) 

Betwinner is another online gambling site worthy of being on this list, thanks to its adoption of over 20 cryptocurrencies for both deposits and withdrawals.

This betting platform offers both casino and sportsbook services. Its casino section houses slot games, classic games, poker, jackpots, live casino games, and a wide variety of other variants; all of these are gotten from top gaming software providers.

Its sportsbook section still upholds such integrity, featuring betting markets from different sports, with high odds, bonuses, live bets, and other features to enhance the bettors betting experience.

Its deposit and withdrawal methods include the traditional fiat currency via channels like debit cards. 

In addition, it also supports over 20 cryptocurrencies, such as Bitcoin, Litecoin, Ethereum, and others. Be rest assured that the transaction is swift doe whatever channel you choose.

Besides its dedicated web and mobile platforms, Betwinner also has Android and iOS apps, each streamlined to increase users betting experience.

Talking about its customer service experience, Betwinner employs several channels to reach out to capable representatives to resolve whatever issues you may be experiencing. 

Simply register via the easy registration steps, deposit using any of the fiat or crypto mediums and begin enjoying the winning betting experience.

Slot games rightly count among the most exciting casino games for many casino players. This is because it combines fun with the possibility of earning much.

To enjoy this fun, you need to make a deposit. However, most casino sites streamline their deposit channels to only fiat currency. 

Thankfully, many other casinos have joined the trend of including several cryptocurrencies as mediums for deposits and withdrawals.

We extensively investigated slot-offering casino sites incorporating cryptocurrencies like bitcoin. Here are our best five.

Bitstarz (Up to30 Free Spins)

The wide variety of slot games that BitStarz offers, many of which are well-liked by online casino gamers, is one of its key selling factors. 

This casino site has more than a thousand casino games, with slot games taking up a large portion.Arguably, this has earned it the moniker “King of Slots.”

Various currencies can be used to deposit and play on BitStarz, albeit not all of them may be supported by every game.

You can still use traditional deposit means, but if crypto is your favorite and you want to bypass the hassles of proving your identity, then try out the different crypto options.

If you’re unfamiliar with Bitcoin or other cryptocurrencies, BitStarz still supports deposits made using all of the major credit cards and several alternative payment processors.

One benefit of utilizing cryptocurrencies is faster transactions because, with BitStarz, processing takes around ten minutes.

FortuneJack (Up to 100 Freespins)

FortuneJack was one of the pioneers of the adoption of cryptocurrencies in the casino industry. Founded in 2014, their expertise and experience have seen them develop proven strategies for giving bettors a premium gambling experience.

This casino site offers varying casino games such as table games, poker, and slots. All their games are procured from the best casino software providers in the world.

FortuneJack offers deposit methods using cryptocurrencies like Bitcoin and Ethereum. In addition to traditional games, there are also games that are crypto-based.

The customer service exceeds expectations, and the overall gaming experience is superb.

Cloudbet (Up to 5BTC in Welcome Bonus)

Cloudbet is an online bitcoin casino gambling platform that provides the ultimate bitcoin casino gambling.

Simply make your choice from the list of available deposit options, including Bitcoin, Bitcoin Cash, Ethereum, and others, then enjoy your Slot gaming experience. 

Whatever your choice, know that the transactional processes are very swift.

Playing Slot games with this site is fascinating thanks to the impeccable website functionalities that allow smooth loading of games. 

In addition, website response is immediate, and your winnings are credited to your account as soon as it happens.

If you have any issues, contact customer care via any of the supported mediums, and you will get a quick response and solution.

mBit (50 Free Spins)

mBit is another bitcoin-accepting casino that ensures a pleasurable gambling experience. Here, you bet on any vast list of slot games, table games, and otter casino games using Bitcoin.

Deposits and withdrawals are made via Bitcoin and other accepted cryptocurrencies in swift transactional processes. 

As a Slot lover, select any slot games made available from top-tiered software gaming providers, place your bet in bitcoin and get your winnings immediately in your account.

This site has a superb gaming platform with fascinating animations and gameplay, all combining to give users that pleasurable gaming experience.

Justbit (30 Free Spins)

Justbit prides itself as one of the most well-known online casinos that allows bitcoin payments and provides thrilling cryptocurrency bonuses on Bitcoin and several other currencies.

For any cryptocurrency-leaning gambler, it is an unavoidable stop because of its abundance of thrilling games.

Justbit has an unrivaled rewards program and excellent loyalty perks. It never passes up an opportunity to award players free casino points, allowing you to return to the slot table even when your cryptocurrency reserves are low.

In addition to casino games, Justbit also provides sportsbetting. For example, you can use cryptocurrency to bet on basketball, volleyball, and other well-known sporting events.

Yes, you are excited to learn about bookmakers that accept bitcoin. Next, you are on the lookout for where you can get bitcoins from – if you don’t already have. 

In this section, we investigate the best platforms where you can get bitcoin to bet with.

Indeed, as cryptocurrency continues to gain global acceptance, many trading platforms are emerging. However, not all exchanges are secure and credible. 

Here are some top platforms to buy bitcoin to bet with.

1. eToro

eToro is cryptocurrency trading website. If you are new to the bitcoin world, this is an ideal trading platform. 

This platform houses vast crypto-related educational resources and trading tools for beginners and pros. 

Further, eToro is regulated by Canada’s Financial Conduct Authority. They allow transactions with external wallets. Also, their funds are safeguarded in top European banks.

Pros:

• Regulated by FCA, MiFID, ASIC
• Zero fees on withdrawals by US clients
• No stocks commission
• Enables social and copy trading.
• Suitable for beginners

Cons:

• Not available in some US states
• The MetaTrader platform is missing

Blockchain.com

Blockchain.com is a famous pioneer in Bitcoin infrastructure, with over 37 million confirmed traders in over 200 nations. This is a safe destination to procure bitcoin for your betting expeditions.

Having completed $1 trillion-plus transactions, they split trading fees between buyers and sellers. They also operate a self-custody wallet which can be accessed through a website and their mobile app.

Blockchain.com is fast with low trading costs. The bigger the transaction, the lower the fee. They also have dedicated crypto learning tools on their platform.

Pros:

• Accessible using web or mobile app
• Qualified users earn interest on reward account
• Offers cryptocurrency wallets
• Trading Cost reduces as transaction increases.

Cons:

• Poor customer service
• Withdrawal is difficult

Binance

Binance is a top digital asset trading platform that supports many cryptocurrencies. You have access to unlimited amounts and easy registration procedures. In Canada, they charge no fee on deposits and withdrawals with a 0.1 percent trading fee.

Pros:

• Broad user interface
• Easy registration
• Unlimited trading amount
• 0.1% low transaction fees
• They support a large number of digital assets.

Cons:

• Wallets are not in-built
• Security can be better

Kraken

Kraken is another top Bitcoin and crypto trading platform that accommodates all traders regardless of their trading skills and budget. It was established in 2011. 

The exchange is user-friendly, and it houses many resources to enhance your trading skills. Despite low fees that drop as trading volume increases, they support top fiat currencies and have mobile apps.

Pros:

• Supports web and mobile app
• Wide learning tools
• Supports various cryptos
• Pro Kraken attracts low fees

Cons:

• Substandard customer service
• Slow funding speed

Crypto.com

Crypto.com is a crypto exchange that serves over 10 million users in over 90 countries. It enlists a wide range of cryptos and accepts the exchange of over 20 fiat currencies for Bitcoin. 

Using their app, you can buy all cryptos with no commission. You can get the latest crypto prices using their tracking tools.

You can buy BTC using debit or credit cards and bank transfers. Similarly, they accept the exchange of other digital assets for Bitcoin. 

They keep fiat currencies in custodian banks.

Pros:

• Active traders enjoy discounts
• Supports over 20 fiat currencies
• Provides tracking of top digital assets
• Supports web and mobile apps

Cons:

• No learning tools
• Poor customer service.

Bitcoin betting is a fast-developing space. Such growth inevitably attracts malicious actors seeking to fraudulently harvest your bitcoin.

It is worth reminding you when these cyber vandals steal your bitcoin, recovering your cryptocurrency is incredibly difficult.

Therefore, you should pay attention to security when betting with bitcoin. One of the surest ways to keep your crypto intact is by storing it in a cold wallet. A cold wallet is a USB-sized entity that holds your crypto fortune.

You’ll need a private key to access this cold wallet and its contents. As long as you keep the key safe, your cryptocurrency is secured.

Also, it’s essential to use verified exchanges when betting online. Using untrusted ones might put you at risk of scammers. 

Beware of using unverified links to access crypto exchanges to avoid falling victim to phishing. Phishing is when a hacker pretends to be a reputable site to gain access to your personal information.

Similarly, you must prioritize your password integrity. You should avoid storing your password with browsers. Use an established password manager to help secure them. 

Always set strong passwords and change them regularly.

Avoid using public WiFi networks to access your cryptocurrency wallets. Use VPN if you can to enhance security. 

Don’t forget to update your crypto apps regularly so you can access the best possible security protocols.

Crypto is becoming increasingly popular for online transactions, and betting sites are gradually joining the trend by accepting cryptocurrencies for betting. 

These betting sites accept many types of cryptocurrencies, and you can use them to bet in many forms.

The type of cryptocurrency a bookmaker accepts is hugely dependent on their preference. Yes, bitcoin is the most popular type of cryptocurrency, and understandably, it’s the most popularly accepted for sports betting. 

Aside from bitcoin, Ethereum, Bitcoin Cash, Litecoin, Doge, and Ripple are popular cryptos you’ll see on betting sites. You can deposit your crypto into your betting wallet or use them to buy tokens to start betting.

Although some betting sites accept some less popular cryptos for betting, it’s advisable to use popular cryptocurrencies for security purposes. 

Additionally, consider betting with a sportsbook that offers a wide range of crypto options to enhance your choices.

Bitcoin is expensive. Not every bettor has a hefty lot at his disposal. But you do know sign-up bonuses from crypto exchanges are a remarkable way to source your bitcoin capital?

Crypto exchanges have to ensure that they keep new customers glued to their site one way or the other, and one of these methods is through sign-up bonuses. 

Sign-up bonuses vary depending on the service provider.

You shouldn’t sign up for a particular exchange simply because of the attractiveness of its offers. The overall service quality of the platform will matter more in the long run. 

Here are some of the most attractive crypto sign-up bonuses that you can bet with.

Coinbase $10 Sign-ups Offer

Coinbase is an online platform that allows you to trade different cryptocurrencies. Its security and wide array of crypto options contribute to why Coinbase is trusted by more than 100 million users globally.

The exchange currently offers the new user $10 of crypto if they sign up and trade $100 worth of cryptocurrency within the first month. 

Coinbase also has other exciting welcome packages that you can get if you watch videos regularly and also take crypto learning lessons on the site.

Binance $10 Sign-ups Bonus

Binance is arguably the largest cryptocurrency exchange globally. The brand got to its status because of the quality of service, many crypto options, and non-stop offers and promotions. 

Binance also charges relatively low trading fees compared to other giant exchanges.

If you buy or trade up to $100 worth of cry within your first 30 days of opening the account, you’re entitled to $10 in cryptocurrency. 

Note that this offer also has other terms and conditions. It’s essential to read the terms in full and understand them.

eToro $10 Sign-up Bonus

eToro is a popular name in Europe but expanded its network into the United States of America. The brand deal in stocks and cryptocurrencies, so you can trust that they’re well-versed in presenting customers with the best offers.

When you sign-up with eToro, you get up to $100,000 in virtual money to practice using a demo account. After practicing, you can also get $10 in real time after you’ve traded $100 in crypto.

TradeStation $150 Sign-up Offer

TradeStation is a hassle-free crypto trading platform that offers you some of the lowest fees in the market. The exchange has advanced technologies that comfortably make them one of the best trading platforms globally. 

Tradestation offers customers up to $150 worth of BTC over two months to grow their crypto assets.

Sign up and deposit up to $500 worth of crypto in your account, and Tradestation will award you $75 at the end of the first and second months. 

You should note that the “month” only starts after the $500 deposit. 

Strike $10 Sign-up Offer

You can earn $10 after signing up with Strike without needing to make any deposit. Register and verify your identity, and you’ll enter the “Give $10, Get $10” referral program. 

The referral program allows you to get $10 for every new user that opens an account. You can earn up to $400 a year from the program.

Gemini $10 Sign-up Offer

Gemini also offers new users a $10 sign-up offer. Sign-up and trade $100 worth of crypto within the first month, and the platform will reward you with a $10 bonus. 

If you’ve satisfied the offer terms, Gemini will credit the money into your account within two business days.

Crypto betting disrupted online gambling as we knew it, giving bettors a whole new dimension to their betting transactions.

Despite many advantages, the innovation is still far from perfect and has flaws. 

What are some of the benefits and risks of bitcoin betting?

Pros of Bitcoin Betting Online

• Increased Privacy

One of the most significant advantages of bitcoin betting is improved privacy. The decentralized nature of cryptocurrency gives it an edge over other payment methods. So if you want to bet online while being anonymous, you have an increased chance with crypto betting.

The anonymity of crypto transactions makes them more secure. It’s practically impossible for scammers to access your crypto details unless you give them to them unknowingly. Always remember to protect your digital information when betting on your favorite site.

• Fast Transaction Speed

Another advantage of bitcoin betting is the speed and ease of making transactions. Other payment methods like banks and e-wallets usually require multiple verifications, which may slow down processing time.

• Saves Money In Transfer Fees

Crediting your betting account with bitcoin also saves you money on transaction fees. 

Crypto transfer requires little or no transaction fees because there are not many third parties involved in the transfer.

• Specialized Offers and Promotions

Some bookmakers offer specialized offers for crypto bettors. Most will give you enormous welcome bonuses, free bets, or other promotion packages. 

The key is to keep your eyes open and regularly check for active offers.

Cons Of Bitcoin Betting Online

Perhaps, we have got you blushing about the beauty of bitcoin betting. But there are also some not-too-sweet sides about bitcoin betting.

Let us remind you of some, however, our reluctance to burst your bubble.

• Market Fluctuations

One of the most significant disadvantages of bitcoin betting is its volatility. Cryptocurrency value increases or decreases unpredictably and may spell doom for your betting ambitions.

For instance, you might deposit $100 dollars worth of bitcoin, bet and win with the money, then realize that the value has reduced.

Note that it’s also possible for cryptocurrency to increase in value. Therefore, it’s essential to understand the crypto market so you can know when and when not to use them for betting.

• Slow Transactions With Some Bookmakers

While bitcoin is supposedly a faster way to deposit to your wallet than fiat currencies, there are some exceptions. 

Some bookmakers might insist on manual confirmation of payment destination before payouts to ensure maximum security. 

Manual confirmation of payments mostly happens in areas where cryptocurrency gambling is strictly regulated.

Risk promoting Illegal Gambling

Another disadvantage of bitcoin betting is that it promotes illegal gambling. Many unverified betting sites allow users to deposit their accounts with crypto. 

More often than not, they get away with it because of the anonymity involved with conducting crypto transactions.

Rather than provide betting services, some of these sites scam customers instead. It’s essential to be wary of unlicensed gambling websites. 

Always conduct adequate research when visiting new online bookmakers to ensure you’re not falling into a trap. Lastly, avoid going to betting sites with unverified links to avoid falling victim to phishing.

Betting on cryptocurrency isn’t complex as it may appear from the surface. Most betting sites will give you the liberty to bet on many sports if you can credit the crypto to your account. 

If the bookmaker allows you to buy betting tokens, you’ll have more options.

Soccer betting is the most popular of all types, and almost all crypto-betting sites offer the sport. Even if you’re betting with bitcoin, you’ll be able to bet on many of your favorite sports leagues and competitions unless the bookmaker is strictly casino based.

Basketball is another popular sport many bitcoin-accepting bookies allow you to bet on. Most bookmakers that accept crypto will let you bet on the NBA and other popular leagues and competitions.

American Soccer, Tennis, Rugby, and Boxing and Horse Racing are other popular sports that bookmakers will let you bet on with bitcoin. 

Aside from real events, many sportsbooks also allow you to place bets on electronic sports and virtuals. 

Lastly, if a particular bookmaker doesn’t feature your favorite sport, many others will and yet allow you to transact with bitcoin. So always feel free to check out your options.

Sportsbetting with cryptocurrency is rapidly becoming the in-thing. Bitcoin and other cryptocurrencies are now accepted by bookmakers worldwide. 

Some advantages to betting with crypto include anonymity and faster transactions. In addition, some crypto-betting sites offer lower or no transaction fees, unlike traditional betting sites.

Traditional bookmakers often charge transaction fees, including deposit, withdrawal, rake, and conversion fees. You also get to pay transaction fees with crypto betting. 

Crypto transaction fees vary with the bookmaker; some crypto bookies offer low transaction fees, while some do not charge any transaction fees.

If you are looking to bet with zero transaction fees, some of the trusted crypto bookies who charge zero transaction fees include:

•   Stake.com 
•   FortuneJack 
•   1X Bet
•   Golden bet
•   Cloudbet
•   Sportsbet.io
•   22 Bet
•   Parimatch

To better emphasize the adoption of bitcoin in the online betting space, it is worth pointing out that some of the biggest sports teams have partnered with crypto firms.

Sponsorship deals remain one of the most significant ways the sporting industry gets its finances. Many Crypto firms have active deals with top sports teams and competition. 

Exchanges like Binance have been at the forefront recently, signing multi-million dollar deals with Cristiano Ronaldo and the Africa Cup of Nations. That said, here are some popular sports teams that are sponsored by Crypto firms.

Athletico Madrid and WhaleFin Sponsorship Deal

Digital assets company WhaleFin recently signed a shirt sponsorship deal with Spanish giants Athletico Madrid. The contract will see the brand’s name inscribed vividly in front of the team’s home, away, third, and goalkeeper’s kits. 

Athletico Madrid recognized that the partnership has a significant impact on the growth of the club and WhaleFin as well. 

The deal is estimated to be worth around $210 million over a period of five years.

FTX and Mercedes Sponsorship Deal

FTX has a five-year deal with Mercedes currently running. The deal was signed in 2021 and is estimated to be worth more than $100 million. 

FTX can put its company’s branding on the team’s cars and use its drivers for promotions as they take on racing locations globally. 

The cryptocurrency giant aims to reach millions of F1 fans in love with digital assets with the deal.

Bybit and Redbull Sponsorship Deal

Bybit is also part of the sports market, and earlier this year, it pinned a massive deal with Redbull. 

Deal terms also see Bybit names and logos around Redbull cars and racers. The two parties didn’t disclose the financial weight of the contract, but it’s believed to be relatively massive.

Manchester City and OKX Sponsorship Deals

OKX marked its entrance into the sporting world by penning a sponsorship deal with Manchester City Soccer Club. The agreement will see the brand feature on the front of the club’s training kit and their branding showcased across the Ethihad. 

Manchester City signed the $20 million deal, having pulled out midway through agreeing to a sponsorship deal with another crypto exchange earlier.

OKX will also have the liberty to display its branding in the club’s academy division and women’s teams.

As a sports fan, sometimes, you want to show you adore your favorite team in many ways. Luckily, sports club fan tokens offer you a modern technique to do just that. 

First, what’s a sports club fan token?

Sport club fans tokens are digital assets supported on the blockchain. They offer specific services to the owner, such as access to a modern version of the supporter’s program. 

Some fan tokens do not require a subscription. Once you pay for them, they are yours and offer some opportunities, such as voting for certain club decisions. 

Paris Saint-Germain Fan Token 

This token is the most famous soccer fan token. It represents one of the biggest french soccer clubs, Paris Saint-Germain. An owner of this token gets perks, such as VIP experiences, voting power for the FIFA-22 cover design, discounts on official merchandise, and more. 

In addition, some fans have reportedly had an opportunity to have video calls with PSG players. 

SS Lazio Fan Token (LAZIO)

It’s the rising soccer fan token. If you are looking for tokens to invest in, SS Lazio is a worthy crypto asset. Currently, the assets’ market cap is around $49 million, and the token trades for a price of $5.91. 

Add that to Lazio’s fame in Italy, and you can see a brighter future for the token. The club has 1 UEFA Cup Winner’s Cup, 7 Coppa Italia titles, and 2 Series A titles in its cabinet. 

Manchester City Fan Token 

This token has the strongest fan base right now. Created by the current English premier league champions, Manchester City Fan Token (CITY) was built on the Socios platform. 

Analysts said the slow growth was because many fans were unaware of the project, but the future is bright if you look at how strong Manchester city’s fan base has become. The CITY token is currently priced at $6.82, and its market cap stands at $24 million. 

FC Barcelona Fan Token (BAR)

BAR is notably one of the “patrons” of the soccer fan token space – being one of the oldest to come into the block.

FC Barcelona is one of the most popular and prominent soccer clubs in its country of location (Spain), Europe, and the world at large. 

The club token called BAR was created on the Socios platform and was the earliest to be created, as early as June 2020. With the BAR token, you can access club resources, limited-edition merchandise, discounts on match tickets, and exclusive insider information. 

AC Milan Fan Token 

Among all the tokens in our list, the AC Fan Token (ACM) is one of the most undervalued fan tokens. 

However, AC Milan has had a solid start to the season in the Serie A, and analysts say ACM has the possibility of being one of the most valued tokens in the industry. 

ACM use cases look like those of the previously mentioned tokens, including access to limited-edition merch, voting power, and an opportunity to meet first-team players like Zlatan Ibrahimovic. 

The ACM price is $5.15, and the market cap is $16.2 million.

As you would expect, betting with bitcoin has its intricacies. Consequently, it is best to know the ins and outs of bitcoin betting to stay on top of your game. 

Therefore, we will provide some great tips on bitcoin betting for new and experienced bettors to get the best out of bitcoin betting.

1. Check the Legality in Your Region

Bitcoin sports betting is not allowed in every country or region. So the first step is to check whether it is legal to bet with bitcoin in your country. 

Some countries, like the US, do not prohibit crypto betting; there are restrictions on it, while countries like South Korea prohibit it. 

2. Choose a Secure Platform

Before deciding on a bitcoin sportsbook to do business with, ensure they are legal and secure. Read customer reviews about them online and carry out proper research.

Choose a crypto bookmaker that is trusted and credible. Also, look through their page information, privacy, and other terms and conditions provided. 

Sites that provide advanced technology help to keep their customers’ funds safe. 

3. Licensing and Regulations

Use a licensed sportsbook that has access to bitcoin and other major cryptocurrencies. The site should be fully regulated, giving you enough trust to play your bets safely and securely. 

A licensed bitcoin sportsbook in your region will also enable access to all the necessary features on the site, which is important for you to have the best experience.

4. Bonuses and Promotions

Another important thing to look out for before betting on bitcoin is the bonuses and promotions offered by the bookies. 

Higher bonuses mean you get higher returns on your deposits. Other things to look for should include deposit minimum, transaction fees, and conversion rates. 

These are instrumental in improving your betting strategy.

5. Set a Betting Budget

Before starting bitcoin betting, decide on the amount of money you are willing to spend on wagers. 

Also, consider the volatility of cryptocurrencies and changes that might occur, which can affect your winnings and withdrawals.

6. Choose a Familiar Sport 

Bitcoin sportsbetting applies to a wide variety of sports, including soccer, baseball, cricket, and basketball, to mention a few. Familiarity with the sports of your choice is important.

This is because bets can be completed following how the game is played. Basketball, for example, uses points-based winnings. An unfamiliarity with the game can cause you to bet wrongly.

Soccer is often simple to understand, and many bitcoin punters bet on football/soccer games. 

Peer-to-peer betting, also known as betting exchanges or P2P betting, is a type of betting in which punters bet against another individual. 

In this betting method, bettors can bypass the bookie and place wagers directly with other punters. Also, a bettor can back the bets offered by other bettors or set the odds for others to bet on.

P2P is increasingly becoming popular with punters as it offers the advantage of bypassing the middleman. 

As we steadily see punter pivot from betting with traditional betting exchanges to P2P betting, we could equally see growth of P2P in bitcoin betting.

With bitcoin, it is even easier as there are low or zero transaction fees, and the process is usually transparent. 

P2P betting with bitcoin offers unique advantages for people placing bets, but it also comes with attendant disadvantages. 

This article will explore the pros and cons of P2P betting with cryptocurrencies.

Pros

•     High-End Security: due to the way blockchain technology is designed, punters are assured of a safe and secure platform where it is difficult for anyone to steal.
•     Decentralised Platform: another advantage P2P betting offers is a decentralised platform that a government or bookmaker does not control. Unlike centralised bookmakers, where the power belongs to the bookie and withdrawals can be withheld or delayed, Blockchain technology is free of that. 
•     Privacy and Anonymity: cryptocurrency betting allows anonymity for bettors as other bettors cannot know your identity. Even the miner does not know other bettors’ transactions, so bettors have a high confidence level to make their deposits. 
•     Secured Payments: deposits and withdrawals on a crypto blockchain platform are highly secured. Unlike traditional betting, where payments can be held up for hours or days, betting with crypto ensures fast and easy payments.

Cons

•     No Bonuses and Promotions: traditional bookmakers often offer a wide variety of bonuses and run promotions to excite punters enough to use the site. This is also advantageous to the bettors as they can make easy money with some offers. However, this is unlikely with crypto P2P betting, and as such, you might miss out on many offers. 

•     Problems with Matching Bets: P2P betting is not very comprehensive for getting matches on all sports. For smaller bets that might not be on soccer, punters might have issues finding matches for their bets, which is one of the major cons of P2P betting with crypto.

•     Legal Restrictions: some countries restrict the use of cryptocurrencies for transactions. Therefore, betting with crypto in such regions is illegal and can attract a sentence. This can be a dampening factor for bettors who intend to bet with bitcoin or other cryptocurrencies.

Some countries see and understand the potential of cryptocurrency.

Countries like Denmark and Germany may not see Bitcoin as an official legal tender, but they yet recognise it as a viable asset.

This makes it relatively legal to bet with bitcoin in such jurisdictions. However, there are regions where bitcoin is strictly prohibited.

Below are 5 countries where bitcoin is considered illegal: 

1. Algeria
2. Bolivia 
3. Bangladesh
4. Ghana
5. Qatar 

Betting with bitcoin in these regions comes with the risk of criminal prosecution.

Scammers are lurking around the internet to steal your money through certain fraudulent acts, especially in the betting industry. 

They are getting smarter by the day and changing their ways, but you can watch out for the signs and avoid falling into their traps. 

Some of these online hooligans can pose as bitcoin-accepting bookies to steal your bitcoin.

We will show you some signs that say a bitcoin bookmaker is fraudulent so you can always be safe. 

Giving you offers too good to be true

There is a big chance a bitcoin bookmaker is fraudulent if it offers you unrealistically attractive bonuses.

Examples include offering many benefits and attractive incentives that are way too nice and impossible to get anywhere else. 

Commonly, these offers come with disguised clauses that make it impossible to get your bitcoin back once you accept them.

So it would help if you double-check, study the terms and conditions of their offers before jumping on.

If you are unsure of the terms and conditions of a bookmaker, you should contact them to ask questions. 

Tainted reputation 

You can be tempted to use a bookmarker after seeing their offer, but take a minute to do a little research about their reputation and what they have been up to since they launched. 

Read what previous users have said. You should avoid being the next victim if they are famous for negative reviews. 

Bitcoin was invented in 2009 as an alternative for online transactions without the intervention of third parties like banks and the government. 

Since then, the level of acceptance has grown worldwide. As a result, the value reached an all-time high in 2021. 

Just like bitcoin, ethereum is another cryptocurrency aggressively gaining adoption in the online betting space.

Therefore, the argument often pops up: which is between bitcoin and ethereum is better for online betting?

First, let’s examine the similarities between bitcoin and ethereum.

• Bitcoin and Ethereum are the leading cryptocurrencies today. The first to ever exist was Bitcoin.
• Transactions are fast because you don’t need third parties like banks or the government to facilitate the process. BTC and ETH use a decentralized system. So when you use any of them in betting, money transfer, withdrawals and deposits are processed quickly.
• The security of transactions is guaranteed. Bitcoin and Ethereum are supported by a decentralized network, making them extremely difficult to hack.

Now that you understand why betting with cryptocurrency is a great idea. Let’s measure the comparative viability of BTC and ETH for online betting. 

Future value 

Both Bitcoin and Ethereum have experienced growth since they were invented. However, there have been fluctuations in their values, too. 

Therefore, because of their volatility, it’s hard to predict how and which will have a better future. 

It’s even difficult to tell how their future will be in relation to an unpredictable space such as betting. 

Growth in BTC value is usually accompanied by a proportionate growth in ETH. On this end, there is no strong winner between BTC and ETH for online betting.

Availability 

Online gaming sites were the earliest adopters of cryptocurrency. Bitcoin was the earlier to be adopted out of the two coins. 

Nowadays, there are more Bitcoin casinos than Ethereum casinos for anyone who wants to use cryptocurrency for betting.

While researching this article, we discovered 121 Bitcoin gambling sites compared to just 8 Ethereum gambling sites. Regarding availability, bitcoin is the obvious winner here.

Anonymity 

Anonymity is a general benefit of using cryptocurrency. Although the two are nearly the same in terms of masking users’ identities, Bitcoin is the preferable option for offering anonymity to casino gamblers. 

Users have a better option for protecting their identity when they use Bitcoin VPN and a Bitcoin wallet. 

You should be careful not to use multiple addresses when transacting to avoid revealing some information about your identity. 

Acquisition

In terms of how easy to purchase coins, Bitcoin has the edge over Ethereum. It is easier to buy Bitcoin than Ethereum.

Game Options 

When you set out to start using cryptocurrency in gambling, you will find more options with Bitcoin than with Ether (Ethereum). For example, many casinos accept Bitcoin, but only a few use Ethereum. 

Looking at the bigger picture, it means you can select diverse gambling options with Bitcoin, such as poker rooms, sportsbooks, casinos, and casual games. 

William Hill is one of the biggest and most trusted bookies. William Hill offers sports betting, casino, and other online gambling options for punters and several other locations.

 Despite the growing popularity of Bitcoin as a means of payment in internet gambling, William Hill does not currently accept it as a form of payment.

At present, you cannot use any form of cryptocurrency to deposit or withdraw from William Hill. However, there are several other payment options you can explore on the site.

Some of the payment methods currently accepted by William Hill include:

• Skrill
• PayPal
• PayNearMe
• Deposit cash into the nearest William Hill Sports Book
• Online banking
• eCheck
• Caesars sportsbook Prepaid Play+ card
• Revolut
• Apple Pay
• Wire Transfer
• Credit/Debit card

Ladbrokes is a big online bookmaker that originally started. Today, it has thousands of locations in Spain, Ireland, Belgium, and Canada. 

Ladbrokes does not accept Bitcoin or any form of cryptocurrency payment at the moment. Ladbrokes has several acceptable payment methods, and they include:

• Skrill
• PayPal
• Apple Pay
• Payment through Phone Bills
• Neteller
• Payforit
• Paysafecard
• Trustly
• Ladbrokes Card
• Online transfer
• Debit Cards – (Visa, Maestro, and MasterCard)

Bet365 is one of the most popular gambling brands in Canada, offering several iGaming services to punters. 

Bet365 does not currently accept Bitcoin payment or any other cryptocurrency, for that matter. This is likely linked to the brand being licensed in Canada and following strict GC laws.

However, you should still open an account with them, as there are other payment options you can use. 

Knowledge of the acceptable payment options by the brand will help you get the best in bonuses and withdrawals. Some of them include the following:

• Debit and credit cards, e.g., Visa, Visa Debit, MasterCard, and Maestro.
• E-wallets e.g PayPal, Skrill, Neteller, Paysafecard etc. 
• Wire Transfers
• Click to Pay
• Apple Pay

It is important to note the acceptable payment options in your country as some countries have more varied forms of payment than others. 

If you have been thinking of opening a Coral account but are wondering whether they accept Bitcoin, then you should know they don’t. Coral, headquartered in Canada, is not one of the online bookmakers that accept cryptocurrency payments.

However, they have other payment options which are easy to use and make withdrawals fast. They include:

• Debit Cards
• ApplePay
• PayPal and other e-wallets 
• Paysafecard
• Coral Connect 

With these methods, you can easily create a Coral account, deposit, and start betting.

It is easy to see that bitcoin betting has become a significant part of the gambling industry, with crypto betting accounting for a major share of the online gaming industry. 

But will this trend increase, or will punters’ enthusiasm about bitcoin decline over time?

Well, there is no one answer to this argument. Crypto betting sites sprung up with the acceptance of bitcoin and other crypto monies as forms of payment. 

Crypto betting sites are similar to their traditional counterparts; however, they are more modernized, less regulated, and offer easy and fast ways to bet and withdraw money.

With crypto betting, bettors do not have to use fiat currency but crypto monies like Ethereum, Bitcoin, Dogecoin, Litecoin, etc., for wagers. 

In addition, Crypto betting can be centralised or decentralised. The centralised crypto-betting system is similar to traditional betting. The system is run by the operators who determine when punters can get withdrawals, which has often led to autocracy. 

This is also one of the major advantages crypto betting has over traditional betting.

The decentralized type is more popular and involves instant and easy withdrawals for punters because there is no centralised authority. 

As we said, some of the major attractions of bitcoin betting are:

• Anonymity
• Data transparency and legitimacy 
• Lower or zero transaction fees 
• Speedy payouts and easy withdrawals
• Secure and licensed platforms

This ease of online betting may see bitcoin betting expand even further. We can expect even more traditional bookmakers to welcome bitcoin.

However, if there is a dramatic decline in bitcoin value, you can expect a drastic shrinkage of the bitcoin betting industry.

Bitcoin’s characteristic volatility will largely influence the adoption of bitcoin betting. The more the coin rises and penetrates mainstream finance, the more we can expect more bookmakers to recognize it as a legal tender for betting.

The government wants to make cryptocurrency as safe for the citizens as possible. So instead of outrightly banning crypto, they set out to regulate it.

 But why should they regulate something whose strength is having no central authority? 

Well, the regulation will prevent the operations of unauthorized crypto providers. In addition, this move can potentially reduce the activity of scammers and bodies looking for avenues to carry out fraudulent activity. 

Some people and organizations are skeptical about cryptocurrency because they are uncertain about where they stand legally if things go wrong. So new regulations can bring some legal clarity and increase general adoption in the financial sector.

A bill was published on the Regulatory policy committee page on 18 October 2022, suggesting “a range of measures to maintain and enhance the U.K.’s position as a global leader in financial services, ensuring the sector continues to deliver for individuals and businesses across the country.” 

Further readings reconfirm plans to make Canada a global epicenter for cryptocurrency.

So we may expect authorities to tighten the nooses, making bitcoin betting unfavorable to illegal actors. 

But we don’t anticipate authorities completely shutting bitcoin betting down.

Nun Fungible Tokens (NFT) are unique digital assets supported on the blockchain. Unlike cryptocurrency, NFTs have digital tokens specifying and proving that it belongs to a certain owner.

The usage started in 2017, and so far, we have seen it integrated into gaming, real estate, and music. Many experts believe NFTs have huge potential in finance, education, and technology, but let’s talk about betting with NFTs. 

As of the time of writing this piece, NFTs have not penetrated the online betting space. However, this could change as many cryptocurrency traders, investors, and users seek new ideas in the industry. 

The adoption of crypto into betting is a big encouragement for this purpose.

NFT technology is developing. Digital assets can be used as winnings instead of the typical cash prizes. Traditionally, you will place bets with fiat (traditional) currency. You’ll get a cash price in traditional bank currency when you win. 

Cryptocurrency came and disrupted how that works. You don’t need fiat currency, and the bank does not need to know about your winnings. 

Things can get even better if, instead of winning currency, you get NFT as a reward. They are digital, and the token will verify as the rightful owner everywhere and anytime. 

Moreover, the concept of “decentralized gambling” has been flying around for a while. If the idea of gambling without a central authority comes to pass, it will be even easier to adopt NFT into the system to advance how people place bets and get rewards. 

In another way, NFTs can be used to claim the direct ownership of ‘portions’ in gambling. For example, let’s say the virtual space called Metaverse has hosted a digital environment. In this virtual space, a user purchases a slot machine as NFT (a digital asset in the realm). 

Let’s say you use the machine as a stake when your place bets in a digital casino, and you win. You will receive a portion of the profit as the owner of the asset. These are examples of how NFT Technology can be adopted into betting.