If you’re a sports fan, then you have a really good reason to love cryptocurrencies. Thanks to this new and freer method of payment, sports fans around the world have better options if they’d like to participate in betting on their favorite sports. If you’re looking for the easiest way to start participating in the exciting world of sports betting, then cryptocurrencies are the way to go.

For starters, it’s likely the easiest way to do so. Payment processors do not like gambling sites, and sometimes you might not want that information to show up on your credit card statement. If you’d prefer your gambling activities to stay private for whatever reason, then you can utilize cryptocurrencies to make your payments. Either pseudo anonymously by using Bitcoin, or even totally anonymously if you can find a platform that accepts Monero.

Sportsbet.io actually accepts any altcoins which are available on Shapeshift, including Monero. All you need to do is send your coins to the address provided, and then Shapeshift will exchange it for you quickly for Bitcoin which will be sent to the betting site. This is good news if you’re already into crypto as well since Shapeshift lists a large number of coins.

This particular sports betting site has some attractive options available for players. Besides allowing you to place bets using a wide variety of altcoins, they also offer a huge number of sports to place bets on. Participants can select from soccer, boxing, cricket, darts, e-sports, MMA, hockey and more from the list, and then place their bets on individual matches. Each section also has a large number of matches to choose from which is broken down by country so you can quickly locate your favorite local teams as well.

The site UI is very nice and learning to use it is very easy. After making a quick deposit you can locate a match and place your best in just a few clicks. This service also has a “cash out” feature, which will allow you to collect winnings before the match is even over. This is sort of like betting against your bet. If you believe there’s a greater potential by waiting where you could make more money, then you can stay until the end of the match. If not it’s possible to cash out early which is a pretty cool feature.

If you happen to get lucky and make a great bet, then you’ll be able to instantly cash out your winnings thanks to cryptocurrency. Your winnings will go straight to your wallet and you’ll then be able to either cash them out completely or make some more bets and try your luck again.

If this site doesn’t quite have what you’re looking for then you could also browse Betcoin.ag, for some other options. They might have some different matches or sports available, but they don’t accept as many altcoins here. They do however offer other gambling options if you’re interested in placing some bets outside the world of sports too.

 

Why should I place my bets with cryptocurrencies?

If you’re unfamiliar with cryptocurrencies, then you may not yet be aware of the advantages that they provide. However, there are many reasons you may want to utilize them.

Privacy

Cryptocurrencies by nature are more private than other options like credit cards which will require sharing all of your personal information not only with the vendor, but also the credit card company. Your payment processor will be able to see everything you’ve spent money on, and you may not want that to happen. If you value your privacy, then cryptocurrency can make that easier.

Instant deposits/withdrawals

In some cases, cryptocurrencies can allow you to instantly deposit money to gamble with or even instantly withdraw your winnings. Some of them are very fast, and it takes much less time than if you had to transfer money to and from a bank. It also saves you the trouble of dealing with banks to start with who may disapprove of how you decide to use your money. Some of them may even block these kinds of transactions.

Better deals

Since it’s cheaper to accept cryptocurrencies than fiat currencies, many casinos or sports betting books may give you a better deal or bonuses for using them. Many of them will pass their savings on to their customers in order to win businesses away from larger bookers, and you can use this to your advantage to get more for your money.

Gains on your winnings

Cryptocurrencies have the ability to gain value substantially on their own. You could wake up tomorrow and find out your winnings have doubled just by sitting in your wallet depending on what coin you plan to keep them in. Keep in mind that this can go the other way too though, and you might get a nasty surprise.

Global payments

Cryptocurrency payments transcend borders, and this makes them an excellent choice for people all over the world to use on sports betting sites. It’s much easier to cash these out into your home country’s currency than using another fiat currency. It also means that you are less likely to be restricted from using a site based in your country since the vendor does not need to specifically cater to your native fiat currency.

In closing, if you’re looking for the quickest and easiest way to start placing bets on your favorite sports teams privately, then cryptocurrency is the way to do it. If you’ve never used cryptocurrency, it’s easy to get started. You can even quickly buy some on various exchanges like Changelly with your credit card. You can then quickly begin transferring it to various sportsbooks to place your bets. Winnings can be withdrawn to your private wallet. After which you can cash them out to your bank, or keep them handy for your next round of bets. Wagering on your favorites sports can be good fun, and as long as you keep yourself responsible with your wagers, it can be a fun way to make some money as well.