Join Our Mailing List
Friday September 22, 2023
Bitcoin (BTC) $26,521.11   Ethereum (ETH) $1,590.78
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Gaming & Betting

Crypto Betting Sites vs Traditional Sportsbooks – Similarities and Differences

Crypto Betting Sites vs Traditional Sportsbooks

Published by CryptoNinjas.net
10/31/2022
Crypto Betting Sites vs Traditional Sportsbooks – Similarities and Differences

Crypto betting sites are a new and unique way to enjoy sports betting online. Unlike traditional sportsbooks, crypto betting platforms allow users to make payments using cryptocurrencies. And the usage of digital currencies makes betting sites that accept crypto coins somewhat different from regular bookmakers. In this article, we compare these two ways of betting on sports online.

What are crypto betting sites?

Simply put, crypto betting sites are online betting platforms that allow bettors to make use of digital currencies such as Bitcoin, Ethereum, and Litecoin to make betting payments. Owing to the nature of cryptocurrencies, bettors can stay anonymous when placing wagers on their favorite sporting event online.

Besides that, the sporting events and betting markets available at crypto betting sites are largely the same as online betting platforms. Also, the betting rules and terms are quite similar to that of traditional bookmakers.

Crypto betting sites and traditional bookmakers compared

As mentioned earlier, crypto betting sites and traditional sportsbooks are both similar and different in their own way. Let’s take a more detailed look at that.

Currency

Again, the most obvious point of difference between crypto sportsbooks and regular bookmakers is the way you make payments. At traditional betting sites, you can usually credit/debit cards such as MasterCard, VISA, and American Express to process betting transactions. Also, other payment options such as bank transfers, e-wallets, bank transfers, and pay by phone can be used at betting sites played online.

When it comes to crypto betting sites, the main focus of these platforms is on cryptocurrencies. So, you can only use digital currencies to add funds or withdraw money at these sites, though some crypto sportsbooks also allow some popular transaction options. Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and Tether are some common digital currencies that are accepted by most crypto-betting platforms.

Security and anonymity

When playing at any good online sportsbook, you’ll find several security measures in place. These security technologies ensure that both the personal and financial information of bettors remains safe from hackers. What’s more, legit online betting sites are licensed and regulated by reputable gambling authorities that have stringent rules to follow.

As for crypto betting sites, they also follow the same security measures that are used by regular bookmakers. But crypto sportsbooks offer increased anonymity as they don’t require bettors to submit much of their personal and financial details. And owing to the decentralized nature of cryptocurrencies, the betting transactions don’t appear in your regular bank statement. In short, crypto platforms are ideal for those players who want to enjoy sports betting but don’t want to give much of their details.

Betting options

Both crypto betting sites and online bookmakers have hundreds of markets available on all popular sports, such as football, cricket, basketball, hockey, and baseball. Also, you can find odds available on e-sports and some local sports events as well. All in all, the betting options don’t differ much at online betting sites and traditional sportsbooks.

Summing up

Both online sportsbooks and crypto betting sites are great ways to wager on sports online. While the two platforms differ in terms of anonymity and payment available options, other aspects and features of the two are essentially the same. As such, it all comes down to your personal choices when it comes to choosing between online bookmakers and crypto betting sites. Have a great sports betting experience there!

SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

Welcome to the world of BITmarkets - a leading cryptocurrency exchange offering a wide range of trading options for both retail traders and corporate clients. In this comprehensive review, we will explore the various...

Read more

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

HashKey Exchange, the first licensed retail virtual asset exchange registered in Hong Kong, announced its official launch today. Together with executives from the HKSAR government, top-tier banks, insurers, and Big 4 auditing firms, HashKey...

Read more

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month...

Read more

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

This week, the team of Pods, a provider of structured products for crypto assets, unveiled its latest offering - the ETHphoria Vault. This innovative yield strategy is designed explicitly for ETH enthusiasts who are...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Understanding the Rising Trend of Litecoin Casinos

Understanding the Rising Trend of Litecoin Casinos

09/17/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy