How to sign up for a crypto sportsbook

The phenomenon of cryptocurrency is transforming many different aspects of our lives. It also poses a question or dilemma to a lot of governments around the world about how to embed it into the mainstream so that it can be used for a lot more purposes than it presently is. However, there are still many areas online where you can use cryptocurrency. And there is one area in particular where I prefer to use crypto, and that is online sportsbooks. Although it doesn’t generate as much revenue as casino games, it’s still a billion-dollar industry worldwide. And although the crypto part of the online sports betting sector is still very niche, it’s growing quickly.

Benefits of Crypto Sportsbooks

So why are people opting for crypto sportsbooks instead of the standard ones? Well, using crypto has many benefits, mainly in relation to speed, safety, security, and transparency. These are all factors that people are highly conscious of when playing online, specifically when it involves currency and financial details in some way, shape, or form. Before we run through the quick and easy steps of signing up to a crypto sportsbook, first we are going to look at why it’s so secure. Essentially, cryptocurrencies work on something called blockchain, which is essentially a public ledger of every translation made, which means data can’t be manipulated or changed.

Do your homework.

And so if you want to sign up for a sportsbook that accepts cryptocurrency online, you will want to do the same checks you would if you were signing up for a standard sportsbook. What we mean by this is ensuring they are appropriately licensed and regulated. This article here – https://bitedge.com/crypto-sports-betting/no-kyc-betting-sites/ –  written by Will Wood is an easy guide on how to sign up for a crypto sportsbook and what to look out for.

Get yourself a wallet set up.

And so before you can deposit into an online sportsbook, first you’ll need somewhere to store your cryptocurrency, which is in a digital wallet. You may want to think of this digital wallet as the crypto equivalent of having PayPal. You’ll also want to familiarise yourself with the different types of currencies currently out there. The most popular by far, which is used across all top sportsbooks, is bitcoin. It dominates the industry in terms of market capital and has been around for over 15 years now. Although it is a relatively new form of currency, it’s essential to be aware that its price can fluctuate.

No personal information is needed.

The benefit of using a crypto wallet, however, is that it doesn’t need any personal information from you. It doesn’t need your name, address, or any financial information. And this is what makes it popular among the sports betting community. As a result, a lot of people are more wary than they ever have been about how much information they are giving out about themselves online. And using a crypto wallet means that these concerns are alleviated as if you are going to deposit at a sportsbook, you need your wallet ID, and that is all, which means you don’t have to give out all the information you usually would on a standard betting site.

Put funds in your wallet.

Once you have your wallet ready, you will want to make sure you have funds to deposit. There are many different places online where you can purchase cryptocurrency. It can be bought normally, such as through a credit or debit card or with crypto. We recommend that the best place to get it is from one of the major exchanges, as this is where you know that you will be looked after and get them at the best price currently on the market. It also means that you’re insured should anything happen. These are also great places to sell your coins after you have made deposits and placed a bet at an online sportsbook.

In Summary

Although there is a lot of technology and jargon surrounding cryptocurrencies, hopefully today this has highlighted just how easy it is to get yourself a digital wallet, get some cryptocurrency, and start betting on your favourite sport, team, or player. There are plenty of online sportsbooks to choose from, and you should never rush to decide. Just like standard sports betting sites, there will always be bonuses and promotions to take advantage of. Even though it’s only a small part of the market, it is still trendy, so these brands must stay competitive to survive.