Top 3 ways to bet on football with cryptos

Top 3 ways to bet on football with cryptos

Cryptocurrencies have penetrated the world of sports betting and they are getting bigger and bigger, as the digital technologies expand and people become more accustomed to using digital assets for their transactions. Crypto betting is still in its infancy, but there are very persistent signs of tremendous anticipated growth.

To catch up with the growing crypto betting market, almost every online sportsbook around the world is at least considering accepting crypto currencies for transactions and payments. Some have already started to do so and in fact they do so with great success. In Bangladesh, more and more crypto betting sites appear in the scene and almost every bd betting site with Bkash is also embracing cryptos.

Sports betting with cryptos largely concerns football betting, because football remains the most popular sport for wagers. So, if you want to bet on football with cryptocurrencies, there are a number of available options. The top ways to bet with cryptos are presented below.

1. Online sports betting platforms and betting sites

If you browse through the internet, you will certainly come across betting sites that accept crypto payments, as an alternative -among others- form of transaction.

But there are also some betting sites that have completely transformed into crypto gambling sites and these can in fact offer a wider range of options for betting with cryptocurrencies.

You can choose among the various football betting markets and you will simply implement your transactions (deposits or withdrawals) via cryptos, instead of traditional, government issued money.

2. Peer-to-peer betting crypto platforms

It is most likely that you are familiar with peer-to-peer platforms for betting exchanges, which have been revolutionary – at least up to now- in that they disintermediate bookmakers and they enable punters to bet against each other – instead of betting against the bookies.

But there is much more to it when cryptos are involved. There are the so called cryptocurrency betting Peer-to-Peer platforms or cryptocurrency betting exchanges, which in fact enable sports betting in general (and of course football betting) to be made with the use of cryptos such as Bitcoin (BTC), Ethereum (ETH) as well as other popular digital assets.

The thing is that these crypto betting exchanges offer also unparalleled opportunities compared to plain betting exchanges (where government issued currencies are used for the transactions): they are completely anonymous, they safeguard the privacy and confidentiality of the bettors, they make sure that the transactions are secure and they increase transparency.

3. Social betting

Alongside the crypto betting, social betting is also considered to be the “it” thing in betting right now. Socialization drives betting and it is rather easy to realize that the social component in betting is becoming more and more important.

Now, bettors can not only discuss their bets, their successes, their tips and strategies or their predictions with their social network, but they can also engage in betting with other members of their network.

Having a crypto wallet is all it takes to place wagers against each other in a non-typical or formal manner. You pay or receive cryptos for the bet accordingly!

These three alternatives are the fundamental ways by which you can bet on football – and on any other sport – with cryptocurrencies. Certainly, in the near future there will be many more ways and platforms to do so, but for the moment these constitute the list of choices for you.