After users became aware of Bitcoin, this and other digital coins were also used to make payments on gambling sites. The popularity of cryptocurrencies is due to their advantages over traditional fiat. Digital coins provide increased speed of crediting and withdrawing funds, anonymity, security, and extended limits. This page provides the rating of reliable bookmakers that allow you to bet with cryptocurrency. For a list of these bookmakers, you can visit RG. It includes the sites verified by the editorial team with good customer conditions.
The future of cryptocurrency bookmakers
Bookmakers accepting cryptocurrency for betting have serious potential thanks to the popularisation of blockchain technology. What experts predict:
- Expansion of the number of digital coins accepted.
- Increased security of bookmakers due to greater integration of blockchain and smart contracts.
- Standardisation of services due to regulatory oversight.
- Improved customer service due to increasing competition in the industry.
The emergence of performance standards should lead to the weeding out of unreliable sites and the creation of competitive offerings in a rapidly growing industry.
Types of Betting Sites That Accept Cryptocurrency
All sites that support predictions and payments in digital coins fall into two categories. Each has its own strengths and weaknesses. They need to be considered before making a choice.
On Blockchain
The work is based on blockchain technology, which provides security and increased transaction processing speed.
Advantages:
- Each block of data contains a digital signature to ensure that the information has not been tampered with, increasing its security.
- Due to the blockchain's limited scalability, bookmakers face problems processing large amounts of data, which leads to payout delays.
- Crypto bookmakers can automate many processes: verification of transactions, confirmation, and withdrawal of funds.
- The technology needs to be fully regulated, and its legal framework may change.
- Provision of betting services for people who do not have access to traditional financial instruments: e-wallets and bank cards.
- Such bookmakers often lack many bonuses and payment systems
- Users do not need to undergo verification. They remain anonymous.
Disadvantages:
- Due to the blockchain's limited scalability, bookmakers face problems processing large amounts of data, which leads to payment delays.
- The technology needs to be fully regulated, and its legal framework may change.
- These bookmakers often need more bonuses and payment systems.
With deposit and withdrawal in crypto
A broader category of sites that use crypto as an alternative way to deposit and withdraw winnings. Such sites do not use blockchain technology; transactions are carried out through exchanges and hot wallets.
They have no regulatory issues but have the exact customer requirements regardless of payment methods. Verification is often required, not allowing the user to remain anonymous.
Criteria for Сhoosing a Bookmaker
Before you register on a particular site and start betting on sports in cryptocurrency, the resource should be analysed by at least six criteria: reliability and reputation, Bonus offers, Championships and sports, Odds, Supported cryptocurrencies, and Quality of customer support. This will allow you to assess its safety and the conditions offered. And also to choose the most favourable conditions for yourself.