Despite the benefits mentioned above, it is unwise to rush in without additional research. The cryptocurrency online betting scene is rapidly evolving, so it is imperative to closely examine the industry’s characteristics before you join any new Bitcoin sportsbook. We will list below some of the most important points you need to focus on:
Sportsbook Product
Bonuses are not the only sector you need to inspect. Think of your playstyle, along with the sports & markets you prefer. Make sure that you can find whatever interests you. Nevertheless, multiple betting features such as live-streaming, cash-out, bet builder etc., can only enhance your wagering and give you an edge. Review carefully what the bookie has to offer. Do not forget to check the live section thoroughly, as many operators severely lack in that department.
Deposit & Withdrawal Methods
New betting sites that accept cryptocurrencies in 2023 should offer many payment options. It is one of their main selling points, so they need to show the proper interest. Established cryptos such as Bitcoin, Ethereum and Litecoin are essential. However, seek wise crypto bookies that support some of the most efficient currencies like XLM, XRP, Monero, USDC and Tether via the Tron network. This is valid for both deposits and withdrawals. Various bookmakers accept several coins & tokens but pay you out only in BTC. Simply unacceptable.
It is also suitable for crypto gambling sites to offer traditional banking alternatives. Sometimes you just want to keep it simple. Gambling-friendly wallets such as Skrill & Neteller are always welcome, as well as the common debit cards and bank transfers.
KYC requirements
The wide majority of new Bitcoin sportsbooks let you wager with just simple email verification. However, make sure to input all your personal details correctly, as they may always request documents for your account’s verification. This is usually done for standard anti-money laundering rules if you surpass a certain limit in deposits or withdrawals. Also, the bookie can start a full KYC verification procedure if they suspect you of bonus abuse or duplicate accounts. Each brand has its own rules, so clear that out initially.
Licensing Authority
Most crypto sports betting sites you find will hold the Curacao or Costa-Rica license. Many new bookmakers also opt to stay fully independent, harnessing the full potential of low-profile cryptocurrency payments. Either way, you will have close to no protection against shady operators. Independent ones will just proceed however they want with almost zero repercussions. Even offshore regulators hardly step in to help bettors with disputes, so be extra careful when joining such a bookie.
Welcome Bonus
The welcome offer is usually the first thing players check when researching new betting sites. Many new sign-ups will depend on its attributes. Read the terms & conditions and different requirements, such as rollover. We recommend all players read the website’s generic t&c’s to avoid future disputes.
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