Crypto sport betting exchange is a unique cryptocurrency betting
exchange. It allows users to bet on everyday sports events in a
completely secure and anonymous way. Here users bet against each
other instead of the operator, where the exchange acts as the
“Back and Lay” form of betting is used where you can either back
or lay. If you choose to back, you imply that the outcome will
happen and bet against the layers. Laying implies the outcome
won’t happen, and you lay your bet. Read the entire article to
learn more about cryptocurrency sports betting!
How To Dive Into Sports Betting With Cryptocurrency?
Opposite of what most people believe, sports betting with crypto
like Bitcoin, Ethereum, EOS, etc. is a fairly common practice.
Almost all top-notch sports betting crypto bookmakers allow
users to gamble using cryptocurrency. Crypto sport betting
players deposit and withdraw their money in the form of
cryptocurrency. Sports betting crypto sites allow various types
of cryptocurrency to be used by players to fund their accounts.
Crypto sport betting has gained a lot of popularity in recent
years. It’s more convenient and rewarding as compared to
traditional forms of gambling. Apart from its other uses,
gambling through cryptocurrency has one significant advantage
that gives it an edge over conventional currency. Users can use
the crypto coin networks to wager anonymously on various sports
betting sites. Privacy is one concern most users are cautious
about. Since crypto gives users anonymity, it is highly sought
Another reason for the rising popularity of cryptocurrency
betting is how quick the transactions are. Cryptocurrency allows
instant withdrawals and deposits with no time or effort spent in
the process. The convenience of betting using crypto is a major
inclining factor of users towards sports betting with
Sports betting with the cryptocurrency registration process is
straightforward. A username is created with the email address
and password of the user. You can avail your bonuses using your
promo code since most popular betting sites give bonuses when
you register for the first time. No other personal information
is required for you to start betting. Once you’re all set, enter
the world of sport betting crypto and enjoy a fresh new gambling
How Does Blockchain Sports Betting Stack Up Against Centralized
Recently, blockchain technology has gained tremendous popularity
and cemented its way into the sports betting crypto industry. As
compared to traditional centralized betting, decentralized
betting has many advantages. Blockchain sports betting is far
more secure, community-centric, and has massive potential for
enormous financial gains.
Blockchain technology is more favoured nowadays than centralized
betting because it is based on integrity, visibility,
decentralization, and network participant fairness. There is no
third-party interference or engagement in blockchain sports
betting, which separates it from traditional centralized betting
Blockchain betting from the lack of third-party engagement
becomes cheaper and more attractive for users, thus pulling in
new users. The transparent and community-centric model makes it
a highly favourable choice compared to centralized betting.
Blockchain sports betting is built using an open source approach
and allows users to make decisions and changes in the platform
to improve it. The Web 3.0 technology provides all users equal
control over the platform compared to one or a few owners in
Last but not least, the fee of centralized platforms is very
high, and users lose a large portion of their winnings to fees.
Blockchain technology has zero to less than 1% total fees, which
hardly affects a user’s earnings. All the data is stored on the
blockchain to provide transparency when you need to account for
the data. These features indicate that blockchain technology is
the new wave of sports betting and is here to take over!
Become A Top Crypto Bookmaker
What distinguishes a regular bookmaker from a top bookmaker is
the features it provides. Here are some of the features a top
crypto sports betting exchange provides. If you can locate most
of these features in a bookmaker, you should know you are at the
right destination for crypto sport betting.
Legitimacy and Security
A legitimate sports betting crypto bookmaker must be licensed by
a certified authority and have safety measures in place for the
users in case things go wrong. The licensed status combined with
the security features of Web 3.0 makes sports betting online
free from theft or security breaches. They also display a legit
sportsbook that showcases complete transparency.
There are several forms of cryptocurrency in the market, and
users must have the opportunity to play with whatever currency
they prefer. Top bookmakers support multiple forms of crypto and
not just Bitcoin and Ethereum. Some platforms like
have also launched their own token called DESU token to make
Users prefer a crypto sports betting bookmaker that charges
minimal fees. There are bookmakers like
Dexsport.io that charge fees
less than 1%, and bookmakers like them are highly sought after.
Another reason behind low fees is that no taxes are involved.
Hence, most players get to focus on their betting experience due
to the negligible fees.s
Frequently Asked Questions
Since you are now aware of sports betting using cryptocurrency
and decentralized platforms. Here are some of the most common
FAQs that may cross your mind about sports betting using
Is it safe to bet on sports with crypto?
Betting on sports with cryptocurrency is highly secure.
Cryptocurrency is supported by blockchain technology. The
transactions are recorded and can easily be accounted for, but
they support anonymity. A user can bet using cryptocurrency
without having to use any personal details.
These features make betting with crypto highly secure. About 60%
of all daily crypto transactions are made on betting sites. Even
though there is no doubt that crypto betting sites are very
safe, you must always ensure that the sites you are betting on
are reliable and legitimate.
Will I need to pay any fees if I gamble with cryptocurrency?
There are usually no fees while gambling using cryptocurrency.
You can complete your deposits and cash out free of cost.
However, there might be some fees you will have to pay in the
blockchain. There are no fees for converting one form of
cryptocurrency into the other.
You may only have to pay some fees when withdrawing from the
gambling site. This fee is minimal, so you don’t have to worry
about losing money. Cryptocurrency payments are safe, secure and
instantaneous so that you can enjoy your gambling experience
with no problems!
What are decentralized sports betting?
Decentralized sports betting is the new wave of online gambling.
It discards the traditional sports betting model and adopts a
new and updated one. It involves the blockchain and is built
around an open-source model. These sites do not have a single
owner that controls the platform. Web 3.0 sports betting sites
are based on the model where all the players involved are a part
of the model.
Anyone can work on the model and make any changes to improve it.
Players are responsible for creating markets and odds.
Participants can choose if they wish to bet against the person
who created the market or not. The fees charged by a
decentralized platform are very low, which is roughly less than
or equal to 1% of the total betting action.
What is the best decentralized sports betting platform?
According to the masses, the best decentralized sports betting
platform is Dexsport.io. It’s
the first decentralized sports betting platform and is now
rigorously working to provide a real gambling experience to the
community. The platform employs Web 3.0 technology, allowing you
to bet instantly and anonymously after your wallet is connected.
With several other features and a smooth and reliable
experience, Dexsport.io is the current best decentralized sports