The casino world has joined the ranks of online earning industries. It’s no big deal that you can bet with fiat money. A new branch of betting is developing now. In layman’s terms, crypto betting is essentially the same as regular one, except we bet crypto using crypto betting sites.
If you are familiar with cryptocurrency and have at least one coin in your wallet on an exchange, you should be able to understand its essence. Keep reading this article that will help you understand how to separate the best crypto betting sites from ordinary ones.
Best Crypto Betting Sites 2024
Name
Rating
Bonus
Payment
Deposit
Licenses
Review
/5
Rich Palms Casino
250% match bonus and 100% cashback on your first deposit
Min deposit
£10
Curaçao
1st Deposit Bonus Minimum deposit: £25 Wagering requirements: 30x (bonus + deposit) Deposit NOT LOCKED Maximum bet: £10 When you roll-over the bonus the initial bonus value is deducted Maximum cashout: 20x deposit value The minimum deposit amount while using Neosurf is AU£/£10. T&C. Begambleaware.org
/5
Lucky Vegas Casino
🔥 EXCLUSIVE BONUS 🔥
100% up to 75GBP + 75 FS on Book of dead
Min deposit
£10
UKGC
MGA
Automatically credited upon deposit. Cancellation can be requested. First Deposit Only. Min. deposit: £10, max. Bonus £75. Game: Book of Dead, Spin Value: £0.1. WR of 30x Deposit + Bonus amount and 60x Free Spin winnings amount (only Slots count) within 30 days. Max bet is 10% (min £0.10) of the free spin winnings and bonus amount or £5 (lowest amount applies). Spins must be used and/or Bonus must be claimed before using deposited funds. Bonuses do not prevent withdrawing deposit balance. First Deposit/Welcome Bonus can only be claimed once every 72 hours across all Casinos.
18+ Please play responsibly | begambleaware.org | Full Terms Apply
/5
Lucky Tiger Casino
260% Newcomer Bonus+ 40 FS on Wild Hog Luau!
Min deposit
£10
Curacao
Welcome bonus is valid for the first deposit for slots and specialties on the deposit of £25+ (Neosurf £10+), WG x30, max cashout x20. 18+. Full T&Cs apply. Begambleaware.org
/5
Shazam Casino
250% Slots Bonus + 100 FS on Bubble Bubble 3!
Min deposit
£10
Curacao
Welcome bonus is valid for the first deposit for slots and specialties on the deposit of £25+ (Neosurf £10+), WG x30, max cashout x20. 18+. Full T&Cs apply. Begambleaware.org
/5
Andromeda Casino
Get up to $5000 for first 5 deposits!
Min deposit
£10
Curacao
New customers only, 21+, min deposit 30 $/€ for Visa, MasterCard, Amex, BTC, 10$/€ for NeoSurf, wagering x35 for Welcome bonus, max bet 10$/€. FS bonus has x50 wagering. Get 225% + 50 FS on the 1st bonus pack. Get 250% on the 2nd bonus pack. With a 3rd bonus pack you can get 275%. Get up to 5000$/€ on first 5 deposits. FS are valid only for one particular slot. You can withdraw funds according to the general Terms and Conditions. Full T&Cs apply. Begambleaware.org
What is Crypto Betting?
The first cryptocurrency was invented on January 3, 2009, and is known till nowadays as Bitcoin. Its purpose was to perform financial transactions without relying on any bank systems or government structures. Since then, cryptocurrency has become a field for advancement and exploration. Now we can start betting with crypto on different platforms.
Taking into consideration the rapid development of the industry, the competition in the market is vast. The best crypto betting sites provide their users with safer payment methods and abound with bonuses and special benefits. Often, the interface of such sites is simpler and more convenient.
Different Ways of betting With Cryptocurrency
There are many crypto betting sites UK where crypto betting is available. In addition, just like in a casino, bets can be completely different. There are a lot of possibilities for you. What are the options available to traders?
Sportsbook
The most popular type of betting is sports betting. You watch your favorite team’s match and bet on their winnings. It started in 1790 when William Ogden took bets on horse races. The industry has evolved, and top crypto-betting sites have emerged.
Important: when placing a bet during a championship, you should see its complete picture. A team might find losing a single game easier and advancing to the final against a weaker team.
You can bet on different sports: golf, basketball, baseball, hockey, horse racing, boxing, martial arts, and others on any crypto betting site.
Esports
In the late 1990s, when the first computer games emerged, cyber sports appeared, with the process of betting on them unfolding steadily. In the early 2000s, the first online tournaments for cyber gaming emerged, and crypto betting UK was initiated.
Esports are developing fast thanks to the ingenuity of the developers, the growth of web technologies as well as the existence of the best crypto betting site.
Important: Keep an eye on the team’s stats and analyze their level. Use trusted search sites, such as the ESL. You can find reliable information about the team itself, winning percentages, etc.
Horse Betting
Betting on horse racing dates back to around 300 years ago. And it is still one of the most popular types, mainly because betting sites crypto offer the highest winning odds.
There are several types of race betting: on the finish (whether a horse runs the whole distance to the end), on winning, on losing, on top-2, on top-3, etc.
Important: When betting on races, pay attention to the weather, time of year, condition and age of the jockey, the height of hurdles, etc. Every crypto-betting platform provides such information.
Political Crypto Betting
Betting on politics came along with the outbreak of the coronavirus pandemic. The essence of UK crypto betting remains the same, except that we do bet on political events.
This type of betting is relatively young and, therefore, not as popular as others on betting sites with crypto, but it is interesting enough. A gambler can think of himself as a political analyst and try his luck at it. In addition, every trader keeps abreast of news in show business, which is inextricably connected with politics. Therefore, analyzing political issues will not be a problem.
Entertainment Crypto Betting
Betting crypto is available not only in sports, politics, or tournaments.
You can also bet on the outcome of your favorite TV show, film, award ceremony, series, reality show, and more.
It is so popular mostly because there are a lot of fans of entertainment and crypto bet sites are trying to follow people’s passions.
Although, you can’t find entertainment betting in regular casinos.
Important: due to the unpredictability of the outcome of such events and the volatility of crypto betting, it is difficult to predict the winning percentage. In addition, the bettors offer many variations comparable to roulette.
How to bet with Cryptocurrencies?
There are many types of crypto wallets for cryptocurrency online betting: hardware (a special USB-like device with a key that prevents hacking), paper (a piece of paper with a QR code), desktop (software on PC), mobile (an app) and online (a browser).
- Create a Crypto Wallet
- To create a hardware wallet, buy the device, register it at the manufacturer’s website, and after setting the PIN code, download the software for it. Later you need to enter your email and the PIN code.
- To create a paper wallet, download the wallet, register, and generate public and private keys. Print them out on paper. Important: remove the keys from your digital devices.
- To create a desktop wallet, download the software, register and set a PIN code, and reboot your PC.
- To create a mobile wallet, download the app.
- And for an online wallet, you need to open the program in your browser.
- Purchase Cryptos
After identity verification and entering personal details (email, bank account number, etc.) you will be given access to the exchange. To buy a coin, you need to select the one you want, select the quantity and click the buy button. - Choose a betting Site
There are many crypto-betting sites available. The most reliable ones are the Bitcoin affiliate sites. Also, there can be crypto betting tips provided there. - Choose a type of bet
It depends on the site you are betting on. Usually, sportsbooks and esports are available on every site to place the best bet on cryptocurrency.
Popular Cryptocurrencies Available For Crypto betting
Today, there are many different cryptocurrencies, as it is a popular field. But some are more likely to be profitable if you manage them well, as they are more stable. Let’s sort out what kind of coins there are on betting sites that accept crypto.
Bitcoin
Satoshi Nakamoto created Bitcoin on 3 January 2009. For now, only about 10% of the amount of this currency has already been sold. Once all the Bitcoins have been mined, they can only be purchased on the exchange, and a crypto bet can be made.
At the moment, there are still miners who are trying to mine the remaining 10%. It is thought that when that happens, the price of Bitcoin could rise, as it will only be available for purchase. The best bet crypto can be made with this coin.
Ethereum
On 30 July 2015, another coin, Ether, was created. Initially, Vitalik Buterin created a platform called Ethereum, that allows not only regular payments and places the best bet for cryptocurrency but also transactions with smart contracts.
In essence, smart contracts are a kind of e-contracts. Their terms are turned into code and if they are respected, the code works correctly. If the Parts follow its terms, there are no problems. What you give is what you get.
This has attracted many global companies and ordinary users to bet with crypto. Later, the platform launched its coin, Ether.
Ripple
Ripple is a cryptocurrency payment system platform that focuses on non-redeemable currency transactions created by Ripple platform, launched in 2012. At its heart, Ripple runs on an open-source, compartmentalised database utilising coordination to allow exchanges through a collaborative, distributive process. The Ripple network’s own back-end best bet cryptocurrency unit is known as XRP.
Big companies like American Express and Santander have said they will use this system for transfers between the US and the UK. This increased the popularity and more users wanted to bet crypto.
Litecoin
Litecoin is a decentralized payment system that uses its coin, Litecoin. In terms of the value of the entire currency, this ranks seventh. It was launched in 2011 and was intended as a replacement for Bitcoin. So, it was almost the same as Bitcoin, but cheaper, so everybody ran to buy this coin to bet with cryptocurrency, and by November 2013, its value grew by 100%.
The program uses cryptographic methods to protect data. In general, Litecoin is a payment instrument just like other cryptocurrencies. It is considered as the best crypto to bet on.
Tether
The token was issued in 2015 by Tether Limited. It has the assurance in terms of not being volatile thanks to its tie to the dollar. The developers planned to provide users with a currency that would be relatively stable. Сurrently, 80% of the Tether e-currency, the best cryptocurrency to bet on whatever you want, is backed by the US national currency. This percentage may be exaggerated, though.
You can use this coin for cryptocurrency betting on sites that allow this currency. At the moment, Tether is at the top of the list in terms of the number of transactions per day.
What are the keys to success in Crypto Betting sites?
To choose the right site for you, you must learn about the opportunities it offers and the pitfalls it hides. Let’s see what are the most important aspects while choosing this kind of site.
Secure Crypto Payments
Pay attention to the license of the crypto betting website. The most popular is the Curacao license as it is easy to obtain and imposes the least taxes. There are also licenses from Malta and Costa Rica, which are more specialized and offer a wider range of licensing options.
Fast Deposits & Withdrawals
Since we are talking about betting on crypto, fast deposits, and withdrawals will not be a big surprise. If the development has passed testing, no bugs should appear.
Crypto Bonuses & Promos
Profitable offers for users are the basis of every best crypto betting platform. The novice sites are trying to attract the more visitors, who can be their future customers, possible. That’s why there are a lot of bonuses and promotions available that you can benefit from.
Fair Deposit & Withdrawal Limits
Many sites may withhold a percentage of deposits. To avoid this, carefully read the terms of the agreement when registering on the best cryptocurrency betting websites. In addition, there may be restrictions on withdrawals. Again, be vigilant in such matters and withdraw money on time.
Benefits of Crypto Betting
Compared to betting on fiat money, crypto has some advantages. Here are the greatest ones.
Fast Withdrawals
Withdrawals at regular casinos can take up to several days as many banking systems are centralized and your funds must go through many checks before being credited to your account. This does not happen with betting with cryptocurrency.
Decentralised Payments
Most of the crypto betting websites have decentralized payment systems. This means that all branches of the system are intertwined and do not converge to a common center. That is, money can be transferred “from hand to hand” without passing through the "core" of the system.
Anonymous Deposits
Since crypto wallets do not always require the user to enter personal data, and crypto sites do not require this information at all, most payments for betting cryptocurrency are made anonymously. That is, the bank and the state can not trace the flow of your funds.
Bigger Bonuses
Since the rapid development of the crypto coin began recently, cryptocurrency betting sites are freshmen. They are trying to attract as many customers as possible by offering big bonuses. Regular casinos can’t afford to offer such promotions.
Top Crypto Betting Apps
The majority of the leading digital currencies gambling sites have mobile betting apps for iOS and Android smartphones. A lot of them are available in Google Play or App Store, although in some cases there is a need to search for a special link on the official site of the platform.
With the stroke of a button, mobile betting apps make betting simple, and some even provide live streaming of important sporting events. Usability for the best crypto bet is crucial when it concerns the choice of a crypto betting app. Some betting sites provide a less user-friendly mobile version of their website.
Advantages and Disadvantages of Crypto Betting
- Easy deposit and withdrawal.
- Accessibility of the sites.
- A possibility to deposit anonymously.
- Different bet options.
- High volatility of the cryptocurrencies.
- A great risk of being fooled by an untrusted site.
- A need to read a lot of papers concerning cryptocurrencies.
- Confusion while choosing the site.
Conclusion
To summarize, it is impossible to overestimate the role of the best crypto betting in one’s life. It brings a lot of benefits, helps to improve your skills, and gain some knowledge in cryptocurrencies. A trader must be up-to-date, and familiar with all the new trends and news.
It has become so much more than just simple betting in casinos and slots, sports, and computer game tournaments. This sphere now is so vast and developed that everyone can find something appropriate for themselves. On the other hand, we have so much to improve that this process can never be stopped.
