Now that we’re aware of the basics of bitcoin, it is important to understand the sectors where this cryptocurrency can be put to use.
Betting in sports is certainly not a new entity, to say the least. But what’s new in the province is the fact that bitcoin is shaking things up. With an increase in competition, online betting sites are gathering more users by offering them crypto bonuses. The use of bitcoins while betting is gathering a lot of attention simply because of the way it manoeuvres.
Betting through bitcoins means the deposits and withdrawals are faster, while the fee is lower too. But with an increase in demand, there is a wide range of bitcoin betting sites that can cause a dilemma to a layman. And having said that, we review five of the best bitcoin betting sites of 2020.
Sportsbet.io is unarguably one of the leading bitcoin betting sites. Having been in the sector for a time now, it is also considered as one of the most professional and safe platforms in the world.
Sportsbet.io supports a range of cryptocurrencies in addition to Bitcoin. Players can deposit and play with the following cryptocurrencies:
The interface is as easy as it can get. You just need to create an account by providing an email address to get started. What makes this more attractive is its easy to navigate bar where players can access all the sports betting options.
Apart from the regular sports, this platform also offers multiple major eSports games that players can place a bet on, including:
CounterStrike: GO (CS: GO)
Defense of the Ancients 2 (DOTA 2)
King of Glory
League of Legends
Cloudbet is not only one of the longest-serving sports betting and casino platforms, but it is also one of the first operators to offer bitcoin betting. The site offers betting not only in traditional sports but also in Esports as well. Unlike Sportsbet though, this platform supports just two cryptocurrencies – Bitcoin and one of its early forks, Bitcoin Cash.
The site claims to offer the best odds within crypto with margins as low as 2% for the NFL, EPL, UCL and NBA. There’s also an avenue to place Bitcoin bets on darts, boxing, mixed martial arts, table tennis, and a huge range of other sports on CloudBet.
What makes this stand out from the rest is its ‘In-Play’ section. Through this, the users have the opportunity to place a bet with the latest odds during a live game.
Having launched in 2017, Stake is one of the new entrants in the industry. It, in fact, started as a pure Bitcoin casino site, but later introduced its new sportsbook feature in December 2019. As you enter the website, you’ll be greeted with a fresh and modern-looking interface, which is aesthetically so amusing.
Unlike other sports betting sites, Stake only deals in cryptocurrency, and thus there is no option to credit your account in actual/physical currencies. They, however, give their users a wide range of cryptocurrencies to choose from, including:
Signing-up in Stake is extremely easy. You just have to put a username, a password, and an email address. It won’t ask you any personal details. Or well, you can always signup with Facebook, Google, or Twitch.
1xBit has been in the industry for a little more than four years now. In such a short time though, it has grown on to become one of the leading destinations for sports betting simply because of its huge range of supported cryptocurrencies and massive event coverage.
Like Stakes, there’s no way one can place a bet using fiat currency, but what makes it different is that it offers no-fee deposits and withdrawals for the punters. 1xBit supports over 20 different cryptocurrencies, including a large market cap such as:
Bitcoin Cash (BCH)
Punters looking to place a bet will be left amused by the wide range 1xBit offers on its platform. Apart from the major sporting events such as football, tennis, rugby, basketball, and American football, sports like Horse racing, Greyhound racing, Boxing, UFC tournaments, Motorsports, Golf, Cricket and Darts are also available. Niche sports like surfing, hurling, sailing, chess, and water polo are in the list too.
Established in 2014, FortuneJack is one of the largest and best-known crypto sport betting sites on the web. Unfortunately, though, users from the United Kingdom, Australia, Spain, Italy, Sweden, and the United States are restricted for some reason.
One of the most attractive features of FortuneJack is the number of crypto assets it supports. The list includes:
Bitcoin Cash (BCH)
FortuneJack has a massive sportsbook which not only includes the popular sports league like the English Premier League or the German Bundesliga, but also the Belarusian Premier League. The list of other niche sports includes:
And well, there’s this feature of betting on cultural events too, like elections. Having been there for a long time now, FortuneJack has developed a reputation of being completely transparent with its users. Deposits and withdrawals are processed instantly on FortuneJack.
Feature image courtesy: AFP / Richard Heathcote