Generally, transactions related to online betting are done with a bank card, which implies access to a bank account. If you don't have a bank account, cryptocurrency betting is the best option available to you. In theory, anyone can bet with a crypto currency, as long as they have an electronic wallet: wallet.
The first step to betting online without a bank account is to get a wallet account. For this purpose, the wallet or digital wallet is an online payment method that allows you to keep crypto tokens. On the other hand, you can use it to carry out buying and selling operations on platforms that include it in their features.
The wallet account does not require a bank account to operate and its creation is based on a fairly simple process.
The creation process differs depending on the type of wallet account you choose. In fact, there are three types of e-wallets. Short of having three simultaneous accounts, you must first choose the format that best suits you.
These are accounts directly linked to crypto asset trading sites. Simple and efficient, they make it easy to trade cryptocurrencies. To get it, all you have to do is go to the interface of a trading platform to create a user account. Automatically, your wallet is installed and requires a connection. You can protect it with keys that are globally in the form of an address.
Their use is linked to a single digital currency. Thus, there are wallets for Bitcoin, Ethereum, Ripple, Litecoin, Monero, etc. To create a wallet for Ethereum for example, the first step is to download the software from the official website of the crypto currency.
It is important to have the necessary space on your PC or smartphone, as some wallets are resource intensive. Most of them integrate the whole crypto blockchain. After that, you need to open the extension on your digital media and follow the installation steps. As soon as it is finished, go to your profile to generate an encrypted address that you will use in the next section of this guide.
They support multiple wallets at once and are highly recommended for professional investors. They share the same method of creation as traditional accounts.
Once your wallet is up and running, simply fund it with digital currency from exchange sites. Next, choose an online betting site that accepts crypto payments. Check its licenses and create a player account. Also, access your member area to make your wager deposit.
In the window reserved for depositing funds, select your crypto currency as the payment currency. This is where your wallet account comes in. Indeed, the bookmaker will ask you to provide your account address to transfer your cryptos to your player account. Naturally, it is about the amount you set in advance.
As soon as the transaction is validated, you can start betting on any sport. In case of winning bets, it is possible to claim your winnings in the form of cryptocurrencies. These will simply be transmitted to your wallet account without the intermediary of a RIB.
