The impressive progress of cryptocurrencies has brought about huge changes in the digital economy. Today, all online services are adopting them like online betting sites. Low costs, anonymous and secure transactions are all reasons why Bitcoin and its peers are becoming increasingly popular. If you are an online gambling lover and want to explore this new approach to betting, this guide explains the whole process.
Betting using digital currencies involves the following steps:
When you decide to bet in crypto-currencies, the first step is to create an e-wallet. Still known as an e-wallet or digital wallet, this is the equivalent of a bank account in the crypto world. Indeed, it allows you to save, exchange and make transactions (purchases and sales) online using a crypto currency. Here, you will need it for your bets and creating an e-wallet starts with a choice.
There are a variety of e-wallet formats on the Internet. While some require the installation of software on your digital medium, others are content with "online" operation, i.e. on the web. It should also be remembered that it is possible to choose a digital wallet depending on the crypto currency you favor.
Whatever your choice, all e-wallets come from a website on which you will have to open an account: this is the wallet account.
Opening a wallet account starts when you access the website of the platform that offers the e-wallet you have chosen. Then, navigate to its interface and click on the "Register" button. This will take you to a registration page where you will have to fill in a form. Generally, you will be asked for a username, an email and a password. Finally, finish these first steps by clicking on the "Create an account" option.
This phase consists of not only verifying your email address, but also securing your account against possible hacking. First, go to your mailbox to confirm your registration through the link provided by the site. Then, apply the 2-factor authentication by linking your phone to your wallet account with a 7-digit PIN code. Finally, complete your profile to facilitate future crypto-currency exchanges.
The e-wallet is funded by transferring only cyber currencies to it. This can be Ripple, Monero, Bitcoin or Ethereum. Here's what to do about it.
You cannot fund your wallet account without specifying a payment method first. To do this, log into your user area and choose the "Deposit" button. From the list of methods presented, opt for the one that seems most accessible to you. It can be a bank transfer or a credit/debit card.
Please note, however, that most e-wallet systems do not accept cash withdrawals to credit cards. Once you have selected your payment method, fill out the payment information form to complete the registration.
Now that you have a wallet account with a payment method set up, it's time to move on to purchasing your first tokens. Head to a cryptocurrency exchange platform. However, if you've created your e-wallet on one of these sites, the process becomes easier:
Finally reload the page and your account will be credited in just a few minutes.
With a wallet account rich in crypto resources, it is time to find a reliable bookmaker for your online betting. There are countless betting sites that offer crypto betting with a variety of sports markets. With a search on search engines, it is easy to identify a list of the best ones.
The right bookmaker is first and foremost one that integrates cryptocurrencies into its financial services. Before you avoid being tricked by dubious sites, explore its interfaces to check this aspect. Furthermore, your site must have the necessary licenses to operate as a bookmaker. If you have any doubts, it is possible to consult the blacklist of gambling regulatory bodies. On the other hand, it must have territorial jurisdiction in your country to facilitate any transactions.
It is obvious that you cannot bet on the next matches of your favorite competition without having a player account. To this end, the process for creating the account is very simple. It consists of going to the bookmaker's website, clicking on the "Register" button and following the platform's registration procedures.
| Rank | Specificity | Discover |
|---|---|---|
| 1 | Operator specialized in crypto, has a Curaçao license and does not require identity verification. Wide range of sports + live + app + eSport. 100% bonus up to 100 USDT. | Go |
| 2 | Very complete and secure sports betting and casino site that accepts major crypto currencies. 100% bonus up to €100. | Go |
| 3 | Operator known for its very good odds on niche sports. Accepts all players but requires KYC. Accepts crypto. 100€ bonus but difficult to unlock. | Go |
Now you need to fund your betting account with cryptocurrencies in order to place your bets more easily. Such manipulation involves several phases.
Log in to your member area to access the "Deposit" section where all the data on the transfer of funds is listed. In the window that will appear, you will find your bookmaker's wallet account ID that you will have to copy in full. It is actually an address composed of about twenty alphanumeric characters that comes in this format: "3auRYFOIsouA8fde58e5reteuy...". After that, specify the amount of crypto you want to deposit in local currency.
After copying the ID, you need to go back to your wallet account and enter the page for fund transfers. Just click on the "Send/Deposit" button. This action will redirect you to a form to fill out. Make sure you enter the address of the bookmaker, the amount to be sent and validate the operation by clicking on "Send".
After that, you will see a confirmation window that you should read. If there are any errors on the amount figure, it is possible to cancel the sending and resume the transaction. As soon as the transfer is confirmed, the fiat currency equivalent of the tokens should appear in your bettor account.
You can start betting on your favorite sports now that your betting account is sufficiently credited. Generally, bookmakers that incorporate cryptos share the same operation as traditional sites. You can explore sports events as well as the best odds. Choose the market that looks advantageous to you and place your bets in a few clicks. However, don't forget to maintain a responsible gambling attitude so that you don't lose all your investment capital.
To collect your winnings, you need to move it from your betting account to your digital wallet. On your wallet account site, go to your user area to copy your cryptographic address. Thereafter, log in to the bookmaker and then to the cash withdrawals page. At this point, feel free to paste your e-wallet ID and the amount you wish to withdraw.
Keep in mind that you will be charged a fee, even if it is small. In less than an hour, the bookmaker will take care of transferring the funds to your wallet account. You can choose to convert your cryptocurrencies into fiat currencies on exchange platforms for daily use.
