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How the betting method involving cryptocurrencies works

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Cryptocurrencies

Cryptocurrencies are being used more and more every day, in the most different methods. Recently, they have also become an alternative for gamblers. However, betting with Bitcoins or other such currencies has some peculiarities. Not all bookmakers accept this type of payment yet, while others even offer special conditions for this option.

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In this article, we will tell you everything you need to know to bet with cryptocurrencies. In the following paragraphs, you will understand a little better what this type of payment is (and of course, also withdrawal), the advantages of investing with this option, and which bookmakers already offer this opportunity. Come with us and learn all about betting with cryptocurrencies.

What are cryptocurrencies?

As soon as people hear or read the term cryptocurrencies, they immediately associate them with Bitcoin. And indeed this is the most popular of them, but it is far from being the only one. There are several types of such currencies considered virtual monies. They are created utilizing code and are, in a way, the best representation of what any kind of money should be in the future.

Because of this, it has become increasingly common to find digital businesses or companies that make and receive payments using cryptocurrencies. In addition to Bitcoin, which we have already mentioned, several other currencies can be seen around, for example, Ethereum. Like the Brazilian real, the dollar, or any other physical currency, cryptocurrencies have different values, and economic criteria determine this. The vital thing to know is that they have already seen it as any other type of physical money.

The advantages of betting with this kind of money

With an increasing number of bookmakers offering to bet with cryptocurrencies, we can see more and more advantages to using that method. The main one is that practically all companies that provide this possibility give a special bonus for those who make deposits with this type of money. Some of them offer rewards for up to the first three or four deposits, differently from expected.

Another advantage that some houses have offered is the improved odds for those who have an account with cryptocurrencies deposited. The odds are higher for those who will bet in Bitcoin than for those who will bet in fiat currency, for example. In addition, almost all companies offer the possibility of conversion at the time of withdrawal. In such cases, it is possible to convert an amount you have in cryptocurrencies at the bookmaker to the country’s physical currency.

Bookmakers that accept cryptocurrencies

The number of bookmakers that have accepted cryptocurrency investments has grown increasingly anywhere in the world. Some of the leading companies in the industry still do not offer this option, but several other trusted bookmakers already have this option. A great example of this is 1xBet. The bookmaker accepts more than 30 different cryptocurrencies.

However, very soon, it is possible to expect that any company in the sports betting world will start accepting this type of investment. After all, we are talking about the primary kind of money in the coming years. Stay tuned to your favorite bookmaker and as soon as they release this option, start using it!

FAQ’s – Cryptocurrencies in sports betting

What are cryptocurrencies?

There are several types of such currencies, considered to be virtual monies. They are created using code and are in some ways the best representation of what any kind of money should be in the future.

Is Bitcoin a cryptocurrency?

In addition to Bitcoin, which we have already mentioned, several other currencies can be seen around, such as Ethereum. Like the Brazilian real, the dollar, or any other physical currency, cryptocurrencies have different values determined by economic criteria.

What is the main advantage of betting with cryptocurrencies?

The main one is that practically all companies that offer this possibility give a special bonus to those who make deposits with this type of money.

Are there any other advantages to this type of betting?

Another advantage that some bookmakers have offered is improved odds for those who have an account with cryptocurrency deposited. The odds are higher for those who will bet in Bitcoin than for those who will bet in Dolar, for example.

Are there already bookmakers that accept this type of payment?

Yes, a great example is 1xBet. The bookmaker accepts more than 30 different cryptocurrencies.

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