Saturday, July 20, 2024
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How to Choose a Crypto Betting Site

The rise of crypto betting sites is one of the latest trends in the online gambling industry. The widespread popularity of these bookmakers has even resulted in the creation of a new iGaming term – crypto betting, which allows gamers to sign up at an online bookmaker and place wagers using cryptocurrencies. These can include a variety of digital coins such as Bitcoin, Ethereum, and Litecoin.

However, choosing a crypto bookmaker can be tricky if you’re just getting started. The good news is that several telltale signs allow you to check if a betting site or crypto sports betting exchange is worth it. From mobile accessibility and finding a reputable platform to lucrative bonuses and payment options. Keep reading to learn more about how to choose the right crypto betting site for you!

Check if the Bookmaker Is Licensed and Secure

Having a license is the key to ensuring the protection of customers, regardless of the industry. The same applies to iGaming, with new bookies constantly trying to obtain licenses from the top jurisdictions, such as the Malta Gaming Authority (MGA).

Verifying if a crypto betting site is licensed is easy. All you have to do is visit the site and check the footer. If it has a gambling commission’s logo, it’s likely licensed. You should also check to make sure the platform uses advanced encryption technology to keep your sensitive information safe.

Pay Attention to the Wagering Requirements

Bookmakers that accept crypto are known for their generous bonuses. This is because they pay lower transaction fees, which enables them to provide punters with better offers and promotions.

Checking the wagering requirements is a good way to evaluate if a bonus is worth it. If they’re higher than the average, the best option is to choose the gambling site with the lowest wagering requirements. This makes it easier to complete your bonuses and keep the bonus funds.

Evaluate the Odds and Markets

Since crypto bookmakers pay lower fees, they can afford to offer better odds than some of their traditional competitors. Opting for the best odds is always a good idea, as the payouts add up in the long run. It also makes it easier to apply strategies like value betting.

It’s also important to check the variety of events and markets. A blockchain sports betting site will offer thousands of events across dozens of sports and hundreds of markets per event. We recommend searching for your favorite markets before signing up.

Look Through the Deposit and Withdrawal Options

There’s no denying that using crypto for sports betting is becoming increasingly popular. However, that doesn’t mean they’re all compatible with the same cryptocurrencies. Some sites only accept Bitcoin, while others feature countless options.

As such, you should take your time to visit the “Payments” section and see which cryptocurrencies are available. While you’re at it, you should also look through the deposit and withdrawal limits and check if the bookie allows bettors to deposit using their mobile devices.

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