Can you Bet on Sports with Cryptocurrency?

Can you Bet on Sports with Cryptocurrency? • CryptoMode

Cryptocurrency is a popular topic in the last couple of years, and people that don’t know much about this technology are asking themselves what they can get in exchange for crypto in the real world.

There are new digital currencies coming every day and each of them is designed to sort out some problems. Experts predict that cryptocurrencies are leading us on the right path to the universal currency that isn’t controlled by the government or entity. 

There are many benefits that come from cryptocurrencies such as decentralization, Blockchain technology, smart contracts, and much more. They also offer fast deposits and withdrawals with low fees which is why customers love them.

In recent times, companies started using such technology to attract more customers. Many sportsbooks started allowing crypto transactions in order to become more attractive.

Since the sports betting industry is becoming extremely competitive, companies are trying to use crypto to gain an advantage over their competition.

There are hundreds of online betting websites that are offering more crypto bonuses, benefits, and betting with crypto.

However, since crypto is the main target for hackers, you should be careful where you choose to invest your money.

Reliable Crypto Betting Websites

Stake

Stake is one of the best sports betting websites that allows crypto transactions. They have a neat user interface making it easy to understand even for beginners, and a ton of sports you can place a crypto bet on.

Unlike most online betting websites, they don’t offer a welcome bonus. However, they have attractive rewards when it comes to VIP perks, cashback, and bonuses.

This is a legit Bitcoin sportsbook with actually reachable customer service. Another interesting thing about Stake is that they have an active public chat and forum. So, it is like a crypto betting community where people discuss betting options and crypto.

Due to laws and regulations, Stake is a geo-restricted website and unavailable for users from the United States, Czech Republic, and Austria. 

SportsBet

This is another sports betting website that allows Bitcoin transactions and many other cryptocurrencies. Similar to Stake, they also have geo-restriction, not allowing customers from the US, Estonia, or Australia.

SportsBet is a website that has a decent reputation and great customer support. We’ve looked at a number of tickets from customers and we couldn’t find an unsolved ticket from customer support.

With that said, SportsBet is a legitimate crypto sportsbook that also features a user-friendly design that is very simple to use.

They are considered as one of the best crypto sportsbooks in the world and the massive partnerships prove that point. SportsBet is the main partner of many successful teams such as Southampton FC, Watford FC, Arsenal FC, and Flamengo from the Brazil Serie A.

Even if you prefer fiat (money) over cryptocurrencies, they accept payments via Visa, Mastercard, Ecopayz, Paysafecard, and more.

Cloudbet

Cloudbet is probably one of the first websites that allowed crypto exchange back in 2013 and they definitely made a huge profit from people that invested in Bitcoin when it was valued at around $266.

The truth is most online sportsbooks that allow crypto betting have lower odds than traditional sportsbooks. However, Cloudbet seems to have the best odds in the industry, which is why the first choice for most crypto bettors.  

Their website has a modern design and user-friendly interface, regular promotions, 19 languages, and 24/7 live chat support.

There are around 35 sports available to bet on Cloudbet, and they even offer casino games for all the roulette or slot machine lovers.

As a drawback, this is a crypto-only website that doesn’t allow fiat exchanges. Another drawback is the invite-only VIP program that allows other benefits.

Final Words

Cryptocurrencies are taking over the world. Experts predict that 2021 will be the year where many big corporations will start using cryptocurrencies, much like Tesla as Elon Musk announced that you’ll be able to buy a Tesla with Bitcoin.

Unfortunately, there aren’t many websites that allow users to bet on horse racing with cryptocurrency. For now, if you want to bet on the Kentucky Derby contenders (learn more here) you might have to do it only with fiat currency. Will the racing industry ever accept cryptocurrency as a sort of payment?

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