There was a time when people were cheering by a horse race track with waving hands full of dollar bills. And today we are starting to even get over credit cards! Today, in the 21st century you can already ditch cards and place your bets using some kind of alternative coins as well. See which are the best cryptocurrencies for online sports betting!
A couple of years ago Bitcoin made a huge step forward. By gaining recognition – and of course, value – it also drove attention to cryptocurrencies as means of payment. All online magazines were all over and about it, just like online gambling news sites in the US. Therefore, it is not such a big surprise, that these types of currencies just went on to conquer the online world. Today, one of the coolest – and most comfortable – ways of online gambling is with cryptocurrencies. You might ask: how so? Well, keep on reading to find out where and how you should do that. Also: we list the best cryptocurrencies for online sports betting.
Gambling with alternative coins 101
A cryptocurrency is defined as “a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.” This means of money still has its momentum all around the world, and as such, you can use it for several things, especially online. If you are a gambler yourself, you probably heard about gambling with cryptocurrencies.
It is not too different from the practice of wagering with currency from your cards. All you have to do is find a gambling site that accepts cryptocurrencies. Let us help with that: 22BET Sportsbook is one of them! You also have to find the best cryptocurrencies for online sports betting. We also give you a hand with that, just keep on reading! If you got all of this, you just need to make a cryptocurrency deposit, and you are good to go.
Best cryptocurrencies for online sports betting
When talking about online sports betting and the best cryptocurrencies, we have to start with Bitcoin. That is the largest crypto platform in the world, and this was the currency that started the whole thing after all. So, we can confidently say it is the dominant cryptocurrency. So, any platform that accepts this kind of payment, will accept Bitcoin. Among many, 22BET Sportsbook will accept it, so you can already place your next bet this way!
If your first thought is that this one must have something to do with Bitcoin – you are right. Bitcoin Cash is a fork of Bitcoin that was necessary after the blockchain of Bitcoin got too large. And as such, this one is also an attractive currency. So, most online casinos accept a deposit in this form and you can also use it for sports betting.
This one is seen as the cryptocurrency best positioned to compete with Bitcoin. You may ask why is that. Well, it is surely among the top 10 cryptocurrencies in the world. Of course, concerning the value or the market capitalization, they are not anywhere close. But Litecoin is still a well-accepted and honored currency. And as such, many online gambling sites in the US will accept them.
Bet your crypto value!
Summing up: this is the future, people! For those who already use any kind of alt currency, we do not have to go into details. But it is surely a convenient and – we must admit – hip way to wager as well. You just need to follow the above-listed important steps to do so. And of course, find your favorite among the best cryptocurrencies for online sports betting.