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Crypto is a Blessing for Sports Betting: Here’s why

Crypto is a Blessing for Sports Betting: Here’s why

Sports betting is likely to continue evolving with the way we browse the internet. It’s not only morphed to fit betting on the go, but the way we pay for bets, too, is constantly changing. It’s not unheard of in 2021, for example, to find a bookmaker or two that accepts cryptocurrencies. Crypto has come

Cecilia Jones
Aug 24, 2021

Table of Contents

Sports betting is likely to continue evolving with the way we browse the internet. It’s not only morphed to fit betting on the go, but the way we pay for bets, too, is constantly changing. It’s not unheard of in 2021, for example, to find a bookmaker or two that accepts cryptocurrencies.

Crypto has come on leaps and bounds since its origins. It is well on the way to ‘becoming mainstream’. But how can you expect to make the most of your betting with crypto in your wallet? Here are some clear benefits.

Crypto protects your identity

Concerning betting on sports and playing casino games online, not everyone feels comfortable linking cards. It’s understandable – many people don’t even feel safe using bank cards for online shopping! As far as sports betting with crypto is concerned, however, you can expect a safer, much more anonymous experience.

Cryptocurrency such as Bitcoin is pro-anonymity by design. When you exchange BTC online, there’s no need to tie to banks or to give away personal data. For those who prefer betting to be private, it’s a viable option.

There are no third-party ties

When you bet or play games online, you will typically have to wait for bank or issuer authorisation. This could lead to transaction blocking or even slowing down of the money heading across. Unfortunately, while built for our safety, banking regulations can make things slow and awkward at times.

With crypto, such as BTC, the transactions are instantaneous. There’s no waiting around, and a card issuer or bank won’t reject your transaction. Whatever money you have available in your crypto wallet is ready to go!

Get your money back quicker

If there’s one thing that all online betting fans will likely want, it’s quick access to winnings. Thanks to financial red tape and regulation, transfers to cards and bank accounts can often carry long processing times.

With cryptocurrency, as there is no regulation, you effectively see your winnings as soon as you request them. That means there’s no need to have to hang on for your money to come in at the end of a month. Simply request what’s yours, and your funds will be on the way.

This aspect of crypto is one of the biggest reasons for people adopting BTC and other online money overall. The allure is that instead of waiting for banks to pass things through on a green light, you can just go ahead and collect your cash!

Is crypto the future of online betting payments?

Paying for sports betting with crypto isn’t a new concept. Far from it – however, crypto such as Bitcoin and Ethereum are entering more and more into public consciousness. Therefore, it stands to reason that we will be seeing more and more betting sites adopting crypto in the short run.

Why not try it for yourself? Funding betting and casino games with cryptocurrency is quick, easy, and comes with a raft of benefits.

Cecilia Jones | Loves movies and music.

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