The most popular cryptocurrencies have made it onto every major market in the world, impacting how we shop for food to how we invest our savings. Bitcoin is the biggest and best-known crypto on the market, but it’s not the only digital currency available, and a few of the chasing pack are making up ground on the leaders.
The success story of crypto and the expert suggestions of further growth means it came as no surprise to learn major online sports betting apps worldwide are getting in on the act. A small number of the gambling industry’s biggest companies are beginning to accept crypto, allowing customers to fund their sports bets on the NFL, Premier League, UFC, NBA and other major competitions. Gamblers can credit their account with Bitcoin, make bets on sports, qualify for promotions and withdraw any winnings.
Not all betting firms are in a position to accept crypto from customers, but the best sites are already doing so, and more will follow in the near future. In this article, we explain how you can securely use crypto to qualify for a free bet, deposit funds to your account, gamble on your favourite sports then withdraw profits as quickly as safely as possible.
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Start by securing your free bet
The first thing to do when planning to bet on your favourite sports using crypto is to ensure online sportsbook gambling is legal in your region. A growing number of countries and states are beginning to relax their laws on betting, but it’s not yet legal across the board. A simple internet search will tell you if you can bet legally on sports from the comfort of your home or when on the move using your smartphone.
If you have the green light to progress, it’s then time to choose an online bookmaker. There are plenty out there, ready to sign you up and accept your bets, but some are better than others. Not all bookies allow you to use crypto currencies like Bitcoin to gamble. It’s crucial that you do your homework to find out which apps have the best coverage, a generous welcome bonus and allow customers to deposit and withdraw using crypto.
Registering at your chosen sportsbook is quick and easy. You’ll even secure a welcome bonus free bet for your troubles. Follow the steps below to sign up for an online betting account with a bookie that accepts crypto as quickly and securely as possible.
- Visit the homepage of your chosen betting site and click Register
- Fill in the registration form, providing all the necessary information
- Create a username that is memorable and secure
- Make your first deposit using the accepted cryptocurrency
- Place a bet on sports such as football or horse racing
- Your welcome bonus free bet will be added to your account balance
Welcome bonuses come in many different forms, but the most popular are free bets. These are often deposit matched free bets. This would be a deal that gave you a free bet that was equal in value to your first deposit and wager on sports, putting the customer in control of how much they bet and how big their free bet will be.
Deposit, bet and withdraw
Click the members’ area of your new betting account, and you’ll find the link that allows you to deposit funds using a debit card, e-wallet or crypto. Choose the latter, then input all the required details, including your payment account information, passwords and the amount you wish to transfer. All deposits are added to your account instantly, meaning you can add funds and bet without delay.
When you have the funds in your betting account, you will be ready to gamble. Click the sport you wish to bet on, competition, fixture, then selection. That could be soccer > Premier League > Man Utd vs Man City > Cristiano Ronaldo to score first. Check the odds of your bet, then input your stake and select the account you’d like to take the cash form, VISA, PayPal, or Bitcoin. The money will be transferred and the bet placed in seconds,
If your bet is a successful one, you can withdraw your profits quickly. Click the members’ area again and then withdraw. Add the amount you wish to withdraw from your available balance, select your Bitcoin account as the destination, and the transfer of funds will be made.
Please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. CryptoMode is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.