Cryptocurrency came from the emergence of Bitcoin in 2009. An anonymous software developer merged blockchain technology with digital money.
Since then, thousands of crypto developers have tossed their platforms into the ring. As most fell by the wayside, top cryptocurrencies remain.
Bitcoin, Ethereum, and “stablecoins” lead the pack, with a total 498262market cap of almost $1 trillion. That’s about the same as Tesla and Google.
Today, Bitcoin’s market cap is on par with Facebook (Meta), Mark Zuckerberg’s brainchild.
Betting on NFL games using crypto is to escape the traditional banking system.
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Can I Bet on Sports with Crypto?
The 2022-2023 NFL season may generate 46.6 million Americans betting on games. That’s a small increase from last year, but the difference comes from crypto.
The total crypto market cap peaked in November 2021 at almost $3 trillion. The economy showed massive strength in the middle of the holiday and football season.
With an economic contraction occurring since then, many states have leaned on gambling legalization. Now more than 30 U.S. states offer legal sports betting, including Washington, D.C., and Puerto Rico.
As the market grows, many offshore betting sites allow crypto deposits and withdrawals.
Regulations surrounding crypto remain in a legal gray area. Crypto allows bettors to place wagers from outside legislative roadblocks.
To get started, you may want to learn about sports betting for beginners.
Is it safe to place sports bets with crypto?
Crypto Sports Betting
Most, if not all, offshore betting sites accept crypto. One major reason is that crypto is a loophole around the worldwide banking monopoly.
Frustrated gamblers get denied by their bank when making a deposit. Prolonged withdrawal times also hinder online wagers.
Legal online betting sites force players to benefit major financial companies. For example, one of the fastest methods is PayPal. The e-wallet company takes a fee for each transaction.
In crypto sports betting, online sportsbooks allow free transactions. Deposits come without any interference from banks or credit and debit card companies.
Crypto allows some of the most convenient withdrawal methods, as well. They might clear faster than any traditional banking transaction—with fewer fees.
Some sportsbooks require a withdrawal that matches your deposit method. With crypto, you can deposit in bitcoin and withdrawal in Ethereum.
Safety gets enhanced with each transaction in a public ledger. That’s what crypto is.
There’s no centralized financial institution regulating crypto. You can use a digital wallet to keep your winnings safe. Store it on a “cold” wallet where nobody can access your crypto without an elongated code.
You’ll want to go with a reputable online sportsbook when getting started. Make sure they’ve acquired proper licensing. Do your own research into the ranking of the top offshore sportsbooks.
Find a betting site that suits your bankroll, personal preferences, and gambling style.
What Is the Best App to Bet on NFL Games?
Offshore sportsbooks welcome crypto deposits with bonus money. You’ll find match bonuses ranging from $200 to $2,500.
Their preference for crypto benefits gamblers. Choose your sportsbook, make a deposit, and get a matched percentage. Then you can start betting right away.
These bonuses come with a wagering requirement. You might need to bet anywhere from five to 30 times your deposit.
For example, BetUS offers a 125% Sign-Up Bonus. With a minimum deposit of $100, you’ll get a 100% Sports Bonus of up to $2,500.
You’ll need to wager 10x on sports to “unlock” your bonus as withdrawable cash.
The sportsbook offers a How to Use Cryptocurrency tutorial page. Learn about crypto basics, opening and funding a wallet, and making a deposit.
You’ll get a 200% match on your first crypto deposit. Get a 100% on your next two deposits, as well.
Betting on NFL games with crypto allows security, anonymity, and instant withdrawals.
Crypto deposit options include Coinbase (exchange) and Cash App. Use Bitcoin, Ethereum, or Litecoin.
BetOnline.ag also offers a 50% Sports Welcome Bonus and a 100% first-time Crypto Bonus.
Other options include Bovada, Every game, MyBookie, and SportsBetting.ag.
Last Words
Is it legal to place sports bets with crypto? The short answer is Yes. You’ll get access to many offshore sportsbooks from the U.S. and Canada that allow crypto deposits.
These gambling sites get licensed by offshore regulatory bodies. Check for the license on the website to confirm their legal status.
Steer clear of any gambling websites that aren’t licensed and regulated. Do your own research when it comes to reviews and reputation.
With so many options, you’ll find a suitable online sportsbook that takes crypto.
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