For years, sports betting has been an incredibly popular way to make some extra money. With the advent of cryptocurrency, sports betting has become even more popular, as it provides a way to bet on sports anonymously and with fewer fees. If you’re new to crypto sports betting, this guide will show you how to get started.
Acquiring Crypto for Sports Betting
The first step for using crypto for sports betting is acquiring cryptocurrency. The most popular crypto for sports betting is Bitcoin, as it is the most widely accepted by sportsbooks. However, there are a number of other cryptocurrencies that can be used for sports betting, including Ethereum, Litecoin, and Dash.
To acquire cryptocurrency, you will need to set up a cryptocurrency wallet. There are a number of different wallets available, but we recommend using Jaxx or Exodus, as they are both easy to use and support a wide range of cryptocurrencies. Once you have set up your wallet, you will need to purchase cryptocurrency. The easiest way to do this is through a cryptocurrency exchange such as Coinbase or Binance
Depositing Crypto at a Sportsbook
Once you have acquired cryptocurrency, you will need to deposit it at a sportsbook in order to start betting. To do this, simply create an account at a sportsbook that accepts cryptocurrency (such as Nitrogen Sports or 5Dimes) and send your crypto from your wallet to the address provided by the sportsbook. Be sure to double-check that you are sending the correct amount of crypto and that you are sending it to the correct address; if you make a mistake when sending crypto, there is no way to get it back
Betting on Sports with Crypto
Once your crypto has been deposited at a sportsbook, you can start placing bets on sporting events. Most online sportsbooks work similarly to traditional online casinos; simply navigate to the event you want to bet on and choose your bet type and amount. Your bet will be added to your bet slip, and once you’ve confirmed all your bets, simply click “Place Bet” and your bets will be processed instantly
Crypto for sports betting is a great way to bet on sporting events anonymously and with lower fees than traditional online sportsbooks. Getting started with crypto sports betting is easy; simply acquire cryptocurrency, deposit it at a sportsbook, and start placing bets. So what are you waiting for? Start betting today!