Crypto Betting Sites

Some of the world's countries have accepted cryptocurrencies and have legally regulated their circulation, while others consider this type of payment illegal and a third grouping of countries simply ignore this financial phenomenon, pretending not to notice it.

Be that all as it may, Bitcoin (BTC) and other cryptocurrencies are now marching around the world with more and more confidence and more and more betting sites and bookmakers are beginning to accept them as an option in their financial transactions.

Crypto betting sites have been popping up like mushrooms over the past few years, but you should only choose the large and reliable companies among them.

At the dawn of the cryptocurrency market, the first betting websites and bookmakers using this technology used Bitcoin (BTC) as it was the first widespread cryptocurrency that was recognized by the whole world, including in the world of sports betting.

At the beginning players looked exclusively for Bitcoin betting sites in order to place their bets.

Bettors then began to reorient their preferences towards other, more stable cryptocurrencies for example ones such as Tether (TRC20) USDT and Tether (ERC20) USDT .

June 2024

• 7 BTC (₿) T&Cs apply.
• 1 BTC (₿) T&Cs apply.
• 5,000 USDT T&Cs apply.
• 20,000 BSD

Unlike the overly volatile Bitcoin, the Tether (TRC20) USDT and Tether (ERC20) USDT cryptocurrencies are tightly pegged to the US dollar.

Therefore, fluctuations in the rates of these cryptocurrencies are quite insignificant, which allows bettors to keep money on their gaming account in complete safety.

Bookmakers and betting sites accepting this payment method are now becoming more and more popular for online sports betting.

• Tether (TRC20) USDT
• Tether (ERC20) USDT

Crypto betting is available on a few select betting sites that support this method of payment. Therefore if you are planning to bet using this payment method, before opening a new betting account with a bookmaker, you need to find out if it is supported.

Other than the particular methods of payment placing bets using cryptocurrencies is no different from placing regular bets in euros or dollars.

For various reasons including those we have not mentioned, players from some countries most often choose crypto bookmakers.

Current statistics show that crypto bets are most often made by players from the list of countries listed below.

• Brazil - 15.92%
• Russia - 14.04%
• Japan - 6.46%
• USA - 5.52%
• South Korea - 4.68%
• France - 4.21%
• India - 3.59%
• Canada - 3.02%
• Nigeria - 2.31%
• Ukraine - 2.24%

The very concept of cryptocurrency appeared on recently in the world and was inextricably linked with the main primary cryptocurrency, Bitcoin.

A new era was started in the 21st century with the appearance of Bitcoin and the emergence of this type of payment system.

How did the gambling market and betting, in particular, react to the new technology?

Sports betting did not stand idle with the appearance of cryptocurrencies and a few online bookmakers, albeit with caution, began to use this payment method on their websites. This is how the concept of "crypto betting" appeared.

A little later, with the expansion of the line of cryptocurrencies, the list of crypto betting sites also expanded.

It is impossible to give an unequivocal answer this question, given the fact that in some countries cryptocurrencies are legal and their usage is allowed while in others it is not.

In general, if Bitcoin circulation is legal in a certain territory, then crypto betting using other cryptocurrencies most likely will not violate the law either.

However, as practice has shown, currently crypto betting sites quite often attract players from countries where crypto betting is not officially allowed.

The attempts by bettors to use cryptocurrencies are quite natural, since payments in cryptocurrencies are less vulnerable to blocking and are not transparent enough to facilitate any official checks.