These are bookies that accept cryptos exclusively. The player account may support one or more cryptocurrencies and every coin has its own unique address and in-game wallet. In short, you can top up your account with the cryptocurrency that suits you best at the time and then select the respective wallet to place bets with. Winnings will be paid out in the same cryptocurrency.
The benefit here is that you don’t have to deal with exchange fees & ratios since your bankroll will be kept in the original form. Moreover, if you are also a crypto trader, you gain the ability to double-gamble. This means that you can speculate on both sports wagers and crypto market price action. Careful, though, as this practice cuts both ways, like leveraged trading. There is a thin line between loss and win, so keep that in mind.
Best Crypto Betting Sites
The online gambling industry has always been eager to adopt new technologies that can spearhead its development. And speaking of new technologies in gambling, there is one that arguably outclasses the rest. That is blockchain technology and cryptocurrencies.
They are an innovative financial tool that greatly reduces transaction friction between bettors and bookmakers. Crypto-friendly brands let you deposit and withdraw funds in the form of cryptos, and the best crypto betting sites offer a wide array of extra benefits.
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