Cryptocurrencies are now the best option for over a decade in the financial industry as their inception brought several advantages. Since then, its use has touched multiple organizations, including the betting field. Moreover, many still need to learn about its use in many other activities.
Nevertheless, there is no doubt about their appeal when used in sports betting. Online sports betting and Bitcoincurrency hit center stage at the right time, making them a perfect match. Consequently, Bitcoin sports betting sites are now a haven where bettors spend considerable time.
No matter your level of expertise, these platforms always have something in store for you. With the introduction of cryptocurrency, sports betting is now easily accessible to anyone. As a result, there’s no need to leave the comfort of your house to visit any physical shops. Consequently, all of these are available on a single platform known as a cryptocurrency betting site.
These platforms put the betting world at your fingertips, offering nothing less than the quality you deserve. As a result, these bookies are widely available nowadays, yet most gamblers need to be made aware of the gem that these platforms are. Therefore, crypto sports betting is an attractive way to discover the world of entertainment – you just have to find the platform made for your needs.
5 Excellent Coin Options you can Use on Crypto Sports Betting Sites
We’re assuming you know that Bitcoin comprises all the coins you typically buy and sell regularly. Hence you know that there are a lot of them. The Bitcoin betting community has only begun to scratch the surface of the many coins available in the crypto market.
These bookies are also aware; hence they are slowly introducing more and more cash into their system. However, you may find common preset coins on any website for Bitcoin betting.
1. Bitcoin
Bitcoin is the currency with the highest market share in the cryptocurrency industry. Its market share is 40 percent, twice that of its closest competitor. As a result, it is the top coin available on all cryptocurrency betting sites. Furthermore, because it gives a higher level of security than other coins, it is a perfect coin for betting. For newbie bettors, the main advice you get is to stay away from the big boy coins. However, the decision is all up to you when selecting a coin.
2. Ethereum
Ethereum can be referred to as Bitcoin’s sidekick because it is a currency similar to Bitcoin. Various have shown that Ethereum’s market share is around 19%. Considered to be Bitcoin’s main rival, Ethereum is the second most preferred option on Bitcoin betting sites.
3. Tether(USDT)
Tether is a multi-purpose coin that we can use for many different purposes. For example, numerous gamblers utilize it for sports betting and trading, and many own the currency due to its dynamic nature. Hence, Tether is a perfect option for Bitcoin betting.
4. Litecoin
When it comes to making payments, it is the fastest kind of digital currency. Unfortunately, it still covers only a tiny percentage of the cryptocurrency industry, with its market share at around a meager 0.58%. However, it has yet to stop bettors from using it for wagering.
5. Dogecoin
Dogecoin has a very low market capitalization, but it is a currency with a high expectation rate. Many Bitcoin enthusiasts are keeping their fingers crossed for its steady rise. Due to its reasonably cheap value, many would say it is the best option to start gambling with as It reduces your risk. Then you can proceed to the high-value coins after knowing where you stand.
Benefits of Using Crypto Sports Betting Sites
After learning about the various coins available on Bitcoin betting sites, let’s discuss the benefits of using them. They outperform sites using fiat money in such a way that there are several benefits. But, unfortunately, there are only a select few of them.
● Game Variety
Compared to other fiat betting sites, crypto betting sites provide a more extensive assortment of games. People go into sports betting because it has multiple gambling options. These games usually have a high payout, plenty of markets, and high odds. In addition, leagues and events from the many sports performed worldwide are available in the betting section. Therefore, options like live games betting and esports are a few varieties you can find on crypto sports betting sites.
● Higher Transaction Limit
The deposit and withdrawal limits of crypto betting sites are usually higher than other betting platforms. Therefore, if you want to stake high on lower odds, crypto betting sites enable you to do this without stress. Withdrawing your profits is easy, straight to your crypto wallet without stress. So, irrespective of the coin type you use, the amount allowed for transactions is reasonably higher than on fiat sites.
● Tighter Security Measures on their Platform
As a result of their ease of tracking, transactions made using fiat currency carry a significant degree of risk. The amount of encryption associated with fiat currency is low. But when we talk about cryptocurrency betting sites, their level of encryption is typically higher.
One could say they have a silicon valley level of encryption on their platform. However, because your funds are held on the blockchain when you use any available cryptocurrencies for betting, they are virtually hard to access.
Also, any issue like getting your info or card details stolen is nonexistent with crypto betting sites. Customers’ information is protected as they provide a secure and safer means of processing transactions. Some do not even request your card details for payments; they usually ask for your crypto wallet.
Furthermore, if they provide more traditional payment methods, these are generally safe methods. For example, their transactions could require an OTP confirmation to process. Others may involve a specific 4-digit code known only to you.
Conclusion
The above factors are just a few benefits of betting at the top cryptocurrency betting sites. In addition, there are numerous opportunities and benefits of casinos that accept Bitcoin perks. Therefore, these platforms currently outrank every other type of betting, which makes it quite clear why many gamblers favor Bitcoin betting sites.