Cryptocurrency has easily slipped into the online sports betting world as a currency to fund bets. Among its various uses are sportsbooks that accept cryptocurrencies as a form of payment.

Some sportsbooks are easily integrated with blockchain technology and only accept cryptocurrency as a form of payment.

At We The North, we’ve also introduced the convenience of crypto payments for users of our platforms, as we know there are several benefits of using these methods for funding payments.

So why consider using cryptocurrency for your online sports bets? Are there any benefits or perks to rather follow this route?

The big benefit of using crypto is its ease of use. Not only is using this currency a faster option for transactions when compared with traditional methods, but it also offers extra security. The reason for this is that cryptocurrency transactions are processed using blockchain technology, which makes them safe and almost impossible to be altered by criminals.

Using cryptocurrency for online sports betting can also offer a level of anonymity, as you can make transactions without revealing your personal or financial information.

That being said, it’s important to keep in mind that the value of cryptocurrencies can fluctuate greatly, and there is always the risk of losing money due to market changes. However, many sportsbooks already convert the value of your crypto to currency when you place your bets, so there is a level of protection there.

Is it worth it?

It’s clear from the points mentioned that three key areas stand out that make cryptocurrency a viable choice for online sports betting: security, privacy and speed.

Cryptocurrency can provide a lot of discretion, and if you are ready to step away from traditional payment methods, it is an extra option to consider for funds.

Just a note of caution: always be sure to bet responsibly and remember that your betting process should be a form of entertainment, not a way to make a living. Never bet above your means – this way, you will ensure that online sports betting remains an enjoyable activity.

Sources:
https://www.forbes.com/sites/zackjones/2021/09/12/blockchain-adoption-the-next-frontier-for-us-sports-betting/?sh=614c61644edf
https://sportsecyclopedia.com/tank/what-are-the-benefits-of-sports-betting-with-crypto/