Cryptocurrencies have arrived on the online gambling scene
Cryptocurrencies have arrived on the online gambling scene

Cryptocurrencies have arrived on the online gambling scene

As the use of Cryptocurrencies has soared in recent years, it was no surprise to see the leading bookmakers embrace the change. Sports betting was formerly an industry that despised change. Bets made in smoky high-street bookmakers with wagers scribbled out on paper and paid for in paper money. Those days are now a thing of the past.

The most popular online betting sites have incorporated Cryptocurrencies into their secure payment methods, joining debit cards and e-wallet services. Most new sportsbooks aim to hit the ground running by launching with Cryptocurrencies already available. Not all bookies offer this service yet, but you can view a list of those that do at sportsbettingsites.com.

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We pick the brains of trusted sports betting experts who bring our readers up to speed on Cryptocurrencies in gambling and how to use them to place your sports wagers. This page also provides a step-by-step account of registering for a bookmaker profile accepting Cryptocurrencies to secure a welcome bonus free bet.

 

Registering for an account

The first stage of betting using Cryptocurrencies is registering for an account with a licensed and regulated bookmaker. There is no shortage of dedicated betting apps available, but you should research the offers to secure the best possible sportsbook provider.

When looking for a betting site or app, you should read the terms and conditions page to get a strong understanding of what the bookie offers. The frequently asked questions page is another easy way to find out information on the site. Pay attention to the deposit and withdrawals section and ensure Cryptocurrencies are accepted.

The registration process is quick and straightforward. You can sign up for an online betting account using your desktop computer at home or through an app downloaded to your smartphone when on the move. The below steps apply to all respected betting sites.

  • Visit the website or mobile site of your chosen bookmaker
  • Click the Sign-Up button in the top right of the homepage
  • Fill in the registration form, providing name, address, and date of birth
  • Create a secure username and password
  • Your betting account will now be active

Choosing Cryptocurrencies for payments

Now you have a registered betting account with a reputable online sportsbook; your next step should decide your currency and payment options. In the members’ section of your betting account, you will find your profile. You can choose your preferred currency in the payments area, such as GBP, Euro, or USD. There will also be an option to select Cryptocurrencies such as Bitcoin. Select the Cryptocurrency available that you wish to use, and that will become your primary currency.

Online transactions are safe, secure, and reliable. The top bookmakers take their responsibilities to customer safety seriously, and that’s why they use the latest online security measures, including Secure Socket Layer technology. This encryption programme ensures another person, including the betting staff, never views your sensitive information.

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You can view your balance in the chosen Cryptocurrencies at the top of the homepage. You will also stake in the currency you decided, and potential winnings are in that method. Betting odds will remain the same, but these can be displayed as fractional odds or decimal odds to suit your preference.

 

Getting a free bet when using Cryptocurrencies

When you register for an account with a bookmaker, they will often offer you a welcome bonus. The promo may be a free bet or risk-free bet but is dependent on you making your first deposit and wagering on a qualifying sportsbook market.

Deposit in Cryptocurrencies and place a bet on your favourite sport. Any free bets due to you will be available. You can use bonuses to gamble on any sport available on the page, including the in-play markets.

The most successful bettors using Cryptocurrencies to bet often open an account with more than one bookmaker. Having multiple betting accounts gives the bettor access to all promotions, free bets and bonuses. They also have a better chance of receiving the market best odds on every bet they place. You can follow their example if betting using Cryptocurrencies.

Bookmark this page and refer back every time you wish to open a new online betting account.