Crypto betting sites and casinos may have a cashier section that supports crypto deposits & withdrawals. Still, there can be different approaches to how they handle them. The two basic types can be categorized as crypto-only and hybrid.
Crypto-only bookies and casinos support only cryptocurrencies for their in-game balance. There are no FIAT options like debit cards, e-wallets and bank transfers. Some may allow you to buy cryptocurrency with FIAT via a third-party provider, but still, the operator will only handle the actual crypto amount. This allows you to speculate on both the crypto market and gambling. Nevertheless, the risk is higher unless you opt for a stablecoin such as USDT or USDC.
Hybrid brands support both cryptocurrencies and conventional banking options. However, if you deposit with cryptos, it will probably be immediately exchanged for the FIAT currency you selected during your registration process. But when you withdraw any winnings, you will get them back in the original crypto form. While this secures you from the infamous crypto volatility, you may have to deal with unfavorable exchange rates.
As of late, though, new Bitcoin sportsbooks & casinos are combining these two types of banking methods. They will offer both conventional FIAT options as well as crypto wallets. Before placing any wager, select which in-game wallet you want to utilize. With this in mind, check out below the brands that accept the most cryptocurrencies, allowing you to be as flexible as possible.