Cryptocurrency Betting Guide 
Best suited crypto sports betting sites and casinos for Ethereum, Bitcoin Cash, Ripple, Litecoin, Stablecoins, and more altcoins
Cryptocurrency Betting leverages Bitcoin Sportsbook and Casino advantages.
Of course, all Cryptos benefit worldwide access, higher bonuses/promotions, and limitless transaction amounts.
On top of that, choosing the right cryptocurrency can provide lower fees, faster transfer as well as reducing or increasing your exposure to Crypto Market volatility.
Crypto Betting will improve the advantages you’re looking for. Let’s see how!
If the cryptocurrency market overall or a digital asset is solving a problem, it’s going to drive some value.
The Best Cryptocurrency Betting Site for most punters
I encourage newcomers to Crypto Betting to read our full article. However, advanced crypto folks familiar with cryptocurrency features might go faster. Indeed, Stake.com is one of the best Cryptocurrency Betting Site. It checks most of the boxes in the Sportsbook and Casino area. Stake is a must-try for Crypto Bettors.
Crypto and Credit Card
Sportsbook and Casino
Crypto and Credit Card
Sportsbook and Casino
Balances on Cryptocurrency Betting sites
First, we divide Crypto Betting Sites into two categories, regarding if they hold balances in local currencies (like US dollars) or Cryptocurrencies.
Local currency Balances
On the one side, those who hold players’ balance in Fiat Money.
Either you deposit with Credit Card, Bank Transfer, or Cryptocurrencies, your money is directly converted in USD (dollars). Of course, placing bets as well as receiving winning is made in USD.
I recommend playing on such sites if:
- You want to reduce your exposure to Cryptocurrencies volatility
- You are willing to place your bets in local currencies (USD, Euro, etc.)
However, at the withdrawal time, you can choose to receive the money in cryptocurrency.
And it is a piece of cake. To explain, you just have to enter your withdrawal amount and your cryptocurrency address. They will do the conversion and send your cryptos!
To illustrate, here are the Cryptocurrency Betting Sites to play with a USD balance (US dollars):
On the other side, some Crypto Betting Sites keep players’ funds in Cryptocurrencies.
It means that you have one balance per cryptocurrency. Then, you can switch from one crypto to another when you place a bet. The Cryptocurrency Betting site credits winnings to the balance used for the bet.
I prefer these sites because I see my Cryptocurrencies as a good investment. So, I want to maximize my exposure to Bitcoin, Ethereum, and other altcoins fluctuations. (This is my opinion, it is not financial advice)
Factors to consider when choosing the best cryptocurrency for Betting
When it comes to Cryptocurrency Betting, I want to remind you of two important things.
First, don’t gamble with money that you can’t afford to lose. It is the fundamental rule of gambling, and it is obviously true with Cryptocurrency Betting.
Secondly, I encourage you to implement a Crypto Betting Strategy according to your Investment Plan.
Of course, if you come to Cryptocurrency Betting only for its advantages, there are many ways to limit your exposure to crypto’s volatility.
We already saw the first way, using the Cryptocurrency Betting Sites that hold balances in local currencies.
Besides, Stablecoin Betting minimizes your exposure to cryptocurrencies. Indeed, Stablecoins are cryptocurrencies backed on USD. To illustrate, 1 Tether keeps worth 1 USD.
Stablecoin Betting with Tether is available on:
That being said, I think that most Crypto Bettors are cryptocurrencies believers and blockchain enthusiasts. So, we must have a Crypto Betting Strategy that protects our cryptocurrency investments.
Personally, I already hold cryptocurrencies, including Bitcoin, Ethereum, and ChainLink. When I need to deposit on Crypto Betting Site, I buy new coins with a fiat currency. It is a way to increase my crypto holdings progressively since I keep some balances and my winnings in Cryptos.
Of course, it is fine to use your crypto holdings to make deposits. Especially if you want to gamble with a part of your profits. Otherwise, you have to implement a Cryptocurrency Betting Strategy that protects your crypto investments.
Cryptocurrencies have very low fees. Indeed, you can transfer millions with Ethereum for less than a $5 fee.
However, a $5 or even a $1 fee is a significant amount when you make a $20 deposit.
Bitcoin used to have the biggest fees, while Ethereum smart contracts usage keeps ETH fees higher than other cryptocurrencies.
For this reason, if you are about to make small to medium deposits, altcoins are a wise choice.
Above all, Litecoin, Bitcoin Cash, Monero, and Dogecoin have transaction fees lower than $0.03.
In particular, Ripple (XRP) fees are lower than $0.002.
Finally, some sites like Betonline which only accept Bitcoin or Bitcoin Cash and hold balances in USD. I’m used to buying Bitcoin Cash to deposit there, while I withdraw with Bitcoin. So, I save fees and receive my winnings with my favorite coin!
Cryptocurrencies provide fast transactions.
However, Crypto Betting Sites wait for a predefined number of confirmations before crediting your balance. One confirmation is one block added to the blockchain.
So, depending on the cryptocurrency block time and confirmations required, some deposits are faster than others.
To illustrate, here is an estimation of deposit times on Stake.com based on average crypto block times and the number of confirmations required.
As you can see, EOS, Tron, and Ripple Betting are the fastest way to deposit (less than a minute).
Ethereum Betting has a deposit time of around 3 minutes there.
For Litecoin Betting and Dogecoin Betting, you can expect between 5 and 15 minutes for deposit times.
Cryptocurrency Betting Offering
Let’s explorer the main cryptocurrencies allowing Crypto Betting.
If you need to get on of these, our guide shows how to buy these Cryptocurrencies in a couple of minutes.
Ethereum is the second-largest cryptocurrency market capitalization, behind Bitcoin. The cryptocurrency generated by the Ethereum platform is Ether.
This blockchain went live in 2015 and can execute smart contracts. To keep it simple, it allows running decentralized applications.
For this reason, many cryptocurrencies and blockchain projects, including decentralized finance (DeFi), rely on the Ethereum platform.
Ethereum average block time is lower than 20 seconds. Its transaction fee is currently about $2.5.
Ethereum Betting is very popular. To illustrate, many Dapps, which are applications running on the ETH platform, allow gambling.
When it comes to Ethereum Sports Betting, most sites welcome Ethereum Punters.
Read the reviews of my favorite ones:
Best sites for Ethereum Betting on sports or casino:
A Stablecoin is a cryptocurrency backed on the US dollar. It means that one coin is constantly worth one US dollar.
Among stablecoins, Tether (USDT) is more used.
USDT-ERC20 transactions take place on the Ethereum platform.
For that reason, transaction fees and block time are the same as Ethereum transactions.
Stablecoin Betting is a great way to leverage Cryptocurrency Betting advantages with limited exposure to market volatility.
Best sites for Stablecoin Betting on sports or casino:
Also, you can deposit Tether (USDT), DAI, TrueUSD (TUSD) as well as USD Coin (USDC) on Stake through its integrated exchange. So, the best place for Cryptocurrency Betting through Stablecoin deposits is Stake.
Ripple is the name of the society that operates XRP cryptocurrency.
On the contrary to other cryptos, a ‘centralized’ blockchain powers XRP transactions. For this reason, a part of the crypto community considers that XRP is not a real cryptocurrency.
That being said, thanks to its infrastructure, Ripple provides almost instant transactions with the lowest fees. XRP is definitely an efficient manner to move funds from one place to another.
Credit Card (US Dollar, Euro)
Those who don’t have cryptocurrency yet may ask how to get started with Crypto Betting.
First, we made a crypto beginner guide to get Crypto in six (6) minutes.
Secondly, the fastest way to start both getting Crypto and to begin Cryptocurrency Betting is to deposit with a Credit Card. In particular, Players buy a Cryptocurrency through a third-party service that sends the funds directly to its Crypto Betting Balance.
Moonpay accepts Visa, MasterCard, Bank transfer from EU/UK, and some virtual cards, including Apple Pay. It sells Bitcoin, Bitcoin Cash (BCH), Dogecoin (Doge), EOS, Ethereum (ETH), Litecoin (LTC), Tron (TRX), Tether (USDT), and Ripple (XRP).
Even if you won’t get crypto in the first place, you’ll still be able to withdraw your winnings using Crypto.
Conclusion about Crypto Betting
I hope this article gave you a better understanding of the different cryptocurrencies features. Surely, Cryptocurrencies Betting helps reduce fees, wait, and limitations.
While it may be true that choosing the right Cryptocurrency leverages these advantages, picking the right Crypto Betting Site is crucial.
We made in-depth guides and reviews that present key information
The last word about EOS, Tron, and Dogecoin Betting, which are popular in the cryptocurrency community.
Stake.com is the best cryptocurrency betting site for these altcoins because it can hold balances with EOS, TRX, and DOGE.
Is it legal to gamble with Cryptocurrency?
Cryptocurrencies are legit in most jurisdictions.
So, unless there are online gambling restrictions in your country, Crypto Betting is legal.
Is Cryptocurrency a good investment 2020?
We don’t give financial advice. This is my personal opinion, do your research before investing.
In my opinion, we are in the early stages of blockchain technology and cryptocurrencies. It offers amazing perspectives.
For that reason, I keep investing a reasonable part of my funds in the best cryptocurrencies.
About John Durand
If you liked this page, using our links is the best way to reward us. Contact me at [email protected].