Crypto Betting Guide for 2024 – Claim $5,000 at Top Crypto Sports Betting Sites

Is crypto betting legal?

Sports betting is legal in many US states now but offshore operators are the only way to enjoy betting with crypto payments. Offshore operators exist in a legal grey area that US residents have taking advantage of for years.

What is the best crypto betting site?

Our experts all agree that Bovada is the best crypto betting site owing to, excellent betting tools, great long-shot odds, and massive coverage of local and international sport.

Do you need a license for crypto betting?

As a bettor, you won’t need any sort of license to enjoy crypto betting. You will need to prove your identity which many involve showing a drivers license if you do not have another form of government ID. The best crypto betting sites hold iGaming licenses.

Can you use crypto for sports betting?

Yes. Many top offshore sports betting sites like Bovada support cryptocurrencies for deposits and withdrawals.

Is it safe to place sports bets with crypto?

Yes, cryptocurrencies are the safest and most secure payment method available for sports betting at offshore sportsbooks.

How do you use crypto for sports betting?

Crypto can be used like any other supported payment method. Cryptocurrencies can be used for both deposits and withdrawals when betting at offshore gambling sites. Cashier sections are very intuitive and we’ve provided full guides below.

Comparison of the Best Crypto Betting Sites

Understandably, all these crypto betting sites can start to look the same at a quick glance. However, there are many differences, such as token types and bonus sizes, that could be important to making sure you choose the perfect operator to meet your personal betting needs. Thankfully, we’ve compared all ten of our favorite operators in this handy table.

Our Criteria for Choosing a Top Crypto Betting Site

It’s not enough to just offer sports betting with crypto payments to be on top of our coveted list. We consider numerous factors that ensure the operators that feature on our top ten list are the absolute best crypto sports betting sites in the US.

Crypto Payment Options

A platform cannot even been considered if it doesn’t offer numerous cryptocurrencies. Just Bitcoin won’t cut it at Augusta Free Press. We look for numerous tokens with reasonable transaction limits and fast payout speeds.

Crypto Bonuses & Promotions

All operators should offer bonus promotions but we look for crypto exclusive offers too. Most of the operators on our list have boosted welcome offers when using cryptocurrencies but the best crypto betting sites have offers that can only be claimed using cryptocurrencies.

Choice of Sports & Bets

Sports betting is the most important aspect of a crypto sportsbook. The tokens don’t matter if the sportsbook is poor. We look for a vast range of sports, excellent US league coverage, and as many bet types as possible. Finally, we check to see how competitive the lines are too.

Safety & Security

Remaining safe online and ensuring your data is secure at all times is incredibility important when rating a crypto betting site. We check for a reputable iGaming license and a proven history of excellence.

Customer Support

It is also important that bettors can reach assistance in a pinch. 24/7 support is required at a minimum and we look for multiple channels which can include live chat, email support, social media, and phone support. At least two methods are preferred to make out list but three is truly exceptional.

Is it Legal to Bet with Crypto in the US?

First and foremost, the legality of sports betting will depend on which state you reside in. Sports betting is legal in many states and many of those states allow online sports betting too. However, there are some hold outs like Alabama. In those states, offshore sportsbooks like those on out list fall in a legal grey area where residents have enjoyed betting without any issues.

Cryptocurrencies are still a fairly unregulated asset due to the anonymous nature of its concept. As such, regulated gambling markets in the US do not allow crypto transactions. That’s why you won’t see Bitcoin or Ethereum supported at DraftKings or BetMGM.

But offshore gambling sites don’t have this issue. They are all free to offer cryptocurrencies for both deposits and withdrawals, and US residents have been accessing these platforms without any problems.

Is it Safe to use Crypto at Betting Sites?

You won’t find a safer payment method for sports betting than cryptocurrencies. The blockchain technology that makes up crypto networks acts as an irrefutable ledger of every transaction. This means there is a 100% perfect record that cannot be removed, reversed, or changed in any way.

These networks cannot be practically hacked either. That is because to do so, a cyber criminal would need to hack 51% of a network that is essentially everywhere. No criminal has a machine powerful enough to do so. The wallets that store cryptocurrencies are also highly encrypted and online wallets feature multi-factor authentication.

Crypto sports betting sites also leverage high end website encryption protocols and have an iGaming license to prove they are deemed safe and secure too.

How to Use Crypto for Sports Betting

Once thought of as an underground movement, cryptocurrencies today are very simple to use. There is a little bit of an initial set up to get yourself ready to start betting with crypto tokens, but even that isn’t too difficult. We walk you through all the steps required to go from never touching cryptos to betting on that first event.

Step 1: Select a wallet

We recommend choosing a crypto exchange that offers a wallet since it’ll make buying, selling, and withdrawing cryptocurrencies that much easier. Any of the big names like eToro or Coinbase will be perfect.

Step 2: Complete the Sign up

While the forms will differ between the various platforms, the concept is just the same. Follow any prompts to fill in the required details. In most cases, this will be personal information like your name, number, and email. You’ll also need to pass a verification process to unlock the full features of an exchange, as well as meet regulatory requirements.

Step 3: Buy your Preferred Cryptos

You’ll need to buy some cryptocurrencies to use crypto tokens at an online sportsbook. This involves trading FIAT currency in exchange for crypto tokens. The concept is just like exchanging two currencies when travelling abroad. Just head to the trading section and use a traditional payment method to buy cryptocurrency.

Step 4: Make Sure your Wallet is Ready

Make sure your wallet is all ready to go. This means checking it is all set up and that your tokens have been transferred into the wallet. When everything looks good, take the time to become familiar with the mechanics – you’ll need to transfer tokens to your chosen crypto sports betting site soon.

Step 5: Join Bovada

Simply head on over to the Bovada homepage and click on “Join” to get start registering for a betting account.

Step 6: Complete the Sign Up Form

Complete the registration form by filling in the required details. This will be much like signing up for Coinbase or eToro. Details required will include your name, number, email, zip code, and your contact number. You’ll also get to create a unique 4-digit code.

Step 7: Make a Deposit

Head to the cashier section and choose your preferred deposit method. It is at this time you can enter a Bovada promo code like INSIDERS. You’ll be shown a wallet address for Bovada. Transfer the nominated amount of funds to this address using your crypto wallet.

Step 8: Bet on Sports

The funds should appear instantly in your crypto betting account. You are now free to head to the sportsbook and begin betting on your favorite sports.

How to Withdraw Crypto from Sports Betting Sites

Requesting a withdrawal is nice and simple but there are few extra steps than if you’ve made betting withdrawals using traditional methods in the past. We’ve got your back and explain the whole process in a few short steps below.

Step 1: Grab your Wallet Address

You’ll need your unique wallet address for this one. Simply access your wallet and locate its unique address. Be sure to copy it to the clipboard, if you can, so that you don’t make any typos.

Step 2: Head to Bovada

Log into your Bovada account and go to the cashier section where you’ll be selecting “Withdraw”. Choose your preferred cryptocurrency. Then, input your wallet address in the field marked “Wallet Address”. Make sure this address is correct.

Step 3: Complete the Request

Next, nominate the amount you’d like to request as a withdrawal. Enter your unique 4-digit security code and click “I agree” ahead of finalizing the request by clicking “Request Withdrawal”.

Step 4: Receive your Payout

At Bovada, your crypto payout shouldn’t take any longer than 48 hours to enter your wallet. Once in your wallet, you’ll be able to use your cryptocurrency exchange to sell those tokens and withdraw those funds as good old US dollar.

Step 5: Cash Withdrawal

Trade your tokens for real cash by selling the asset on your crypto exchange. Simply access the trading window to sell your tokens. This process is instant. Depending on your chosen exchange, your sale will be sent to your chosen payment method, or you’ll need to then request a withdrawal from your exchange account.

Crypto Payment Method Options for Sports Betting

Some of the crypto betting sites on our list have more than a dozen tokens to choose from. That’s a lot of choice and it gives the bettor a lot of control. However, we determined that there are five cryptocurrencies that are supported more than all others. While tokens like Solana are supported by and handful of sportsbooks, these are accepted by almost all of them.

Bitcoin

The token that started it all, Bitcoin was the very first cryptocurrency and today it is still the most valuable. Bitcoin might actually be one of the more expensive tokens to use for sports betting as the miner fees are higher than some of the smaller tokens – it’s still the most valuable and most supported though.

Bitcoin Cash

Bitcoin Cash is one of two forks of Bitcoin in 2018, alongside Bitcoin SV. Miner fees are much lower than Bitcoin and the token is almost as accepted at online gambling sites as Bitcoin. It might not be as valuable as standard Bitcoin but it’s very efficient for sports betting.

Litecoin

Litecoin still does what it originally intended to do – be a faster and cheaper alternative to Bitcoin. Transactions are faster on the Litecoin network which also keep the miner fees quite low too. This token is also highly accepted and every platform in our top 10 supports the first “alt-coin”.

Dogecoin

This “joke token” held next to no value until Billionaire and tech entrepreneur Elon Musk started tweeting support for it. Today some businesses accept Dogecoin, such as the Santa Monica Tesla SuperCharger and numerous online sportsbooks. Dogecoin is a relatively affordable token too compared to Bitcoin and Ethereum.

Ethereum

For the longest time, Ethereum has been the biggest rival of Bitcoin. The technology behind Ethereum is quite different to Bitcoin and the Ethereum network gave birth to decentralized business tools and apps. Ethereum has many uses other than as a store of value and a means to gamble on your favorite sports.

Tether/USDcoin

Both Tether and USDcoin are known as stable-coins. That means they are pegged to the value of an actual FIAT currency – in this case, the US dollar. This allows sports bettors to enjoy many of the benefits of cryptocurrencies without the volatility in their value. Both Tether and USDcoin are quite popular at sports betting sites are incredibly more supported for deposits and withdrawals.

Crypto Betting – Popular Sports to Bet on

Offshore sportsbooks offer tons of sports to bet on and it’s not just US leagues either. You can bet on international tournaments and local leagues from around the world. Some sports will always be more popular than others and we’ve detailed a little more about them below.

NBA Betting with Crypto

The NBA league is home to some of the best basketball in the world. Live spread betting is quite popular with this league and many bettors enjoy creating parlays, mixed with a few prop bets too. Look to big crypto sportsbooks like MyBookie and Bovada for futures markets on the NBA draft.

NFL Betting with Crypto

The NFL is an incredibly popular sport to bet on and all the usual markets are present such as Moneyline, spreads, and totals. However, prop betting is the real pinnacle of NFL betting with most games featuring upwards of 60 different prop markets.

Bovada and BetOnline offers hundreds of prop markets and great lines on the NFL all season.

NHL Betting with Crypto

NHL betting offers the Puck Line market which is a form of spread betting. The Puck Line is also a popular way to bet on the NHL live. Moneyline, Totals, and Props are all markets you’ll find when betting on this North American ice hockey league.

BetUS has fantastic lines on the NHL and BetUS TV provides insider tips too.

MLB Betting with Crypto

Major League Baseball is perfect for those who like to play the numbers and bet on live totals or the Run Line. Also, with over 2,000 games played each season, there is almost an MLB game on every single day to bet on.

Jazz offer tons of markets for the MLB, while MyBookie incorporates the league into numerous contests.

NCAA Football Betting with Crypto

College football can be difficult to bet on in some states, especially those that don’t let you bet on your home team like in New York. Offshore operators do not have this problem and you can use these sites to bet on your favorite college game including spreads and Moneyline markets. Jazz offers fantastic NCAA odds.

NCAA Basketball Betting with Crypto

Those same restrictions on NCAA football also apply to college basketball. Once again, offshore crypto betting sites get around this issue and offer Moneyline, spreads, and totals markets. Jazz still offers some of the best college sport odds you’ll find online.

Horse Racing Betting with Crypto

Many offshore crypto betting sites offer racebooks. Within the racebook are loads of bet types such as to win, place, trifectas, and daily doubles for races located in the US and abroad. BUSR offers some of the best odds for international racing while Jazz boast live streaming capabilities.

UFC Betting with Crypto

The UFC is king of the MMA events each year and there are usually a couple of major UFC events to bet on each month. Besides those, you’ll also get a few Fight Nights too. Prop bets are quite popular for UFC betting such as “method of victory” bets.

Both XBet and MyBookie offer excellent UFC lines and MyBookie typically has a couple of UFC contests each year.

Soccer Betting with Crypto

Whether you’re looking to bet on MLS, EPL, La Liga, or the FIFA World Cup, offshore crypto betting sites have bettors covered. Spreads are the most popular way to bet on soccer as eagle-eyed bettors can get great value placing handicaps on underdogs that’ll likely score enough goals to win a spread bet despite losing the match.

Everygame has tons of coupons and specials for soccer betting.

DFS Betting with Crypto

You can’t enjoy Daily Fantasy Sports at offshore betting sites and US DFS apps like DraftKings do not accepted crypto payments yet. This means, at this time, you can’t enjoy DFS leagues with crypto payments.

Other Sports Betting Options

Name another sport and you’ll likely be able to bet on it at offshore crypto sportsbooks. Niche leagues like EuroBasketball, Table Tennis, and AFL can be found at operators like SportsBetting.ag, while most sportsbooks offer loads of coverage of international golf, tennis, and major events like the Olympic Games.

Popular Crypto Betting Markets

There are numerous markets to enjoy when betting with crypto tokens in the US. Different markets allow bettors to take advantage of various components of a sport and bettors who really know their sport can bet on matches right down to the very last point. We detail the most popular crypto betting markets below.

Moneyline

Moneyline is the name for the most standard of bets. It is a basic bet on the winner of a single event like a match or game. For example, a Moneyline bet will be betting on the Miami Dolphins to beat the New York Jets in a single match.

Spread

Spreads are commonly referred to as handicap betting. Essentially, it involves placing a handicap on a team to gain an advantage in the odds. Odds are enhanced because a team or player must win by a specific margin. For example, a +2.5 goal spread on Barcelona means that team needs to win the match by at least 3 goals for that bet to be a winner.

Total

Totals are a way to bet on the points, sets, and goals in a single match. Rather than betting on a winner or loser, bettors wager on how many points will be scored overall or by a specific team/player. For example, a bet on the Under 90.5 market in an NBA game would mean you think less than 91 points will be scored in that game.

Props

Prop bets don’t require the bettor to wager on any winners or losers in a match. Instead, bettors wager on very specific outcomes that can happen within the match. These could relate to a single player or a component of the game. For example, backing Lionel Messi to score a goal in each half is a prop bet.

Futures

A futures wager, which is sometimes called an outright, is a bet on the end result of an entire tournament, series, or season. This isn’t a bet on any one match. For example, a futures bet would be betting on which team will win the NFL season, before the season has even begun.

Parlays

Parlays are a way to pool multiple bets into a single slip in order to get multiplied odds. The value of a parlay is significantly higher than the value of the bets individually. Two or more bets are required to complete a parlay and every leg of the parlay must be successful for the bet to pay out.

Live betting

Live betting – also known as in-play betting – are wagers placed on an event as it is still being played. Many different markets are available for live betting including Moneyline, spreads, and totals. The odds change dynamically in real time as the game plays out. Bettors look for an odds advantage by predicting what will happen next.

Other Betting Options for Crypto

Some bookies will let you bet on almost anything. Head to MyBookie and the special wagers section will often be filled with bets such as “Will Big Foot appear in 2023?” or “What will Elon Musk name the next Tesla?”

There are two common sections of a sportsbook that will feature non-sporting wagers and we explain them below.

Entertainment Crypto Betting

Entertainment crypto betting refers to wagers on TV, music, and film. This could include events such as the Oscars, Golden Globes, or the Grammy’s and bet types are usually Moneyline. However, the odd prop bet will appear from time to time. Wagers will include things like “Who will win best actor?” or “Will Jay-Z win a Grammy?”

These are rather unique crypto betting markets, so not all offshore sportsbooks will be taking action. There is value to be had but entertainment bets aren’t always as easy to pick as a regular sports wager.

Another popular form of entertainment betting won’t be found in the entertainment or special wagers section of a crypto sports betting site. WWE wrestling will often have its own category but does fit somewhere in between sport and entertainment. You’ll find a lot of markets for major events like “SummerSlam” or “WrestleMania” which will include Moneyline and Props too.

Politics Crypto Betting

Some bookies will offer crypto betting markets on political votes from around the world – not just here in the US. You can bet on Australian, UK, and Irish general elections, just to name a few. In some markets, you’ll also be able to bet on more specific political occurrences such as a party majority in the UK.

These markets rarely get to deep into an election. You’ll mostly get to place a Moneyline wager on who will be president, prime minister, or choose a party to win an election, rather than being able to bet on every seat in the senate or party majority in an electorate.

Crypto Betting Games

Using blockchain technology for gambling is a relatively new phenomena. With so many different tokens available and the advent of NFT’s, there are plenty of things to gamble for too. This form of crypto betting market is certainly still in its infancy and there isn’t many platforms around just yet.

• Silks –This platform is all about earning cryptocurrency by creating – or “breeding” NFT racing horses. You can even earn more funds by developing a breeding farm to create even more race horses. Those horses can be raced in many events and both you and other players can bet on the outcomes.

Bonuses Available at Crypto Betting Sites

The best crypto betting sites all offer lucrative and thrilling bonuses that can dramatically enhance your betting experience. No two bonuses are alike but many will fall into a few distinct categories. We detail the types of bonuses you can expect at a crypto sports betting site.

Matched Deposit Bonuses

The matched deposit bonus is the most commonly claimed promotion you’ll see offered by a crypto sportsbook. 90% of the time, the welcome bonus will likely be a matched deposit offer. This bonus is quite simple – the crypto sportsbook will match the bettors deposit with bonus funds.

For example, a 100% matched deposit bonus with a $600 deposit would see the operator provide another $600 in bonus funds. The bonus will usually have a rollover requirement that needs to be cleared to withdraw any winnings earned from bonus funds.

No Deposit Bonuses

A no deposit bonus is rarely seen at crypto sports betting sites. That’s understandable considering the bonus requires no deposit from the bettor to claim the offer. For example, a no deposit bonus could be in the form of a free bet or a small amount of bonus funds. Since the bonus is free and strict winning limitation will be in place and usually a rollover too.

Free Bets

A free bet is a bonus in which the sportsbook covers the cost of the stake on a small bet. A deposit is usually required to claim the offer. While the sportsbook covers the stake, you’ll receive the winnings should the bet be a winner. For example, a $2 free bet with a payout of $10 would see $8 go to the bettor and $2 returned to the sportsbook.

Tips & Strategies for Sports Betting with Crypto

Cryptocurrencies are fairly simple to use at this point but that doesn’t mean there aren’t a few tips that can make the sports betting experience even better. The following tips will help you avoid a few mistakes that’ll affect your payouts in the long run.

View the Markets

Cryptocurrencies hold a value like actual FIAT currency. As a very volatile asset, the value of any one token can vary quite wildly. The value of Bitcoin in 2022 moved up and down in value to the tune of tens of thousands of dollars at different times of the year.

It’s a good idea to keep your eyes on the market so you know how much 1 token is worth and how much $1 will buy of your chosen token.

No Refunds

Once you’ve made a crypto transfer, there is no going back. If you have sent your deposit to the wrong crypto wallet address, you won’t be able to recover it, cancel it, or expect a refund from your sportsbook or exchange. Always double check you get your wallet address right and try and copy and paste the addresses where possible.

Consider Miner Fees

The crypto sport betting sites on our top ten list don’t charge any fees for facilitating a transaction. However, crypto transfers are not actually free. There will be a small fee taken for every transaction on the blockchain. This fee is taken out of your transaction at the time of the transaction and is often referred to as the miner fee.

The miner fee is a small charge to facilitate the mining process required to complete transactions on the block chain.

Consider Exchange Fees

Fees may vary between the different cryptocurrency exchanges too. Whether using Binance, eToro, Coinbase or Kraken, there will likely be fees for selling tokens and withdrawing funds at FIAT currency. Bettors should also consider exchange fees when thinking about requesting a withdrawal.

Advantages of Crypto Betting Sites

Betting with crypto has numerous advantages over using traditional methods like Vanilla Visa cards or bank transfers. The other payment methods can’t quite match many of these advantages either which makes cryptocurrencies a uniquely beneficial payment method too. We’ve provided our favorite advantages below.

• Top security – No payment method boasts the security features that cryptocurrencies have. All transactions are 100% irrefutable, irreversible, and practically impervious to cyber attacks. If you keep your tokens in a quality wallet and nobody can access your private key, then your tokens will always be safe.
• Anonymous Banking – Banks in America are still not the biggest fans of cryptocurrencies, nor do some banks like seeing gambling transactions either. Using cryptocurrencies at offshore gambling sites keeps your gambling transactions entirely anonymous from your bank. Your banking details will also never be used for conducting gambling transactions.
• Fastest transactions – No payment method is as fast as cryptocurrencies. Deposits are all instant and withdrawals are capable of the same speeds. Processing at the operator end may take up to 72 hours and then the payout is instant. That’s why some crypto betting sites boast 24 hour withdrawal speeds.
• Great acceptance – While only Bitcoin was highly accepted a few years ago, these days multiple crypto tokens are well supported across numerous crypto sports betting sites. We noticed around five tokens that were accepted at almost every operator and about 15 that enjoyed fairly high acceptance across the board.

What are the Best Crypto eWallets for Sports Betting?

There are two ways to store your cryptocurrency; online wallets and offline wallets – also known as hot or cold wallets. Cold wallets are physical devices designed to keep your tokens away from would-be hackers when not in use. These are designed for large amounts of tokens and are a good idea to store any tokens you wish to hold.

However, for everyday use including gambling transactions, the best storage method will be an online wallet. The simplest wallets to use for crypto sports betting are those associated with crypto exchanges.

• eToro – This crypto exchange does everything you’ll ever need for crypto trading, storing, and beyond. You can trade crypto by coping better traders and you can quickly sell your tokens when you receive a gambling payout. The wallet is easy to use and is accessible via a mobile app too.
• BlueWallet – This wallet is arguably the best mobile wallet solution on the market. Peer-to-Peer transaction are lightning fast using BlueWallet and the platform is so simple to use. You can even buy Bitcoin using Apple Pay. The wallet is capable of storing over 200 different tokens too.
• Coinbase – This crypto exchange with a wallet might just be the most user-friendly in the industry. The platform looks bright, clean, and there are no additional bells-and-whistles that’ll confuse less confident crypto users. Serious traders can upgrade to Coinbase Pro for loads of extra features.

Online Crypto Betting dApps

Decentralized sports betting apps are concept that is still being truly realized. The issue with a truly decentralized gambling platform is that it would be entirely unregulated. When it comes to something like gambling, you really want that protection of a reputable regulator who can step in if things don’t seem right or the operator is a scam.

However, some operators have been implementing elements of decentralized technology such as the use of Smart Contracts, integrated and personalized tokens, and extensive support of cryptocurrencies.

What are Crypto Betting dApps?

Crypto betting dApps are sports betting platforms that leverage blockchain technology. Truly decentralized gambling only exists in an unregulated market and isn’t quite up to the standard of the offshore operators in our top ten list. However, there are a few apps that borrow elements from decentralized apps.

These platforms can let player bet directly from a crypto wallet while their funds are held in escrow using Smart Contracts. Platforms are often powered by Blockchain networks such as the Ethereum network. They provide safety and security in the form of these irrefutable contracts that, in theory, require no real governance.

Again, this technology and its implementation in sports gambling is rather new and we’d recommend sticking to one of the offshore crypto platforms in our list.

The Best Crypto Betting dApps

There are very few actual crypto betting dApps going around. Many never get off the ground while others are shortly de-listed after launch. Currently, we were only able to confirm three genuinely decentralized apps in the forms of SX.bet, Aver and Cryptocup.

Cryptopcup is a betting exchange which means the platform actually just lets bettors place wagers based on what other bettors think will happen in a sport. You can bet on teams to lose rather than win. SX.bet is entirely held together by Smart Contracts that ensures bets are always paid out. Both these platforms are built on the Ethereum network.

Aver is a decentralized betting exchange that was launched on the Solana mainnet in early 2022. It offers low cost, peer-to-peer sports betting with numerous supported crypto wallets. Honorable mentions have gone to Sportsbetting.ag, and Sportsbet.io due to their high level acceptance of cryptocurrencies and efforts in promoting safe crypto usage.

• SX.Bet
• Aver
• Cryptocup
• Sportsbetting.ag
• Sportsbet.io

Crypto Sports Betting Glossary

If you are new to cryptocurrencies, you’re going to see and hear a few terms that you might be unfamiliar with. We considered sports bettors and created a short glossary og important terms you’ll likely need to know.

• Blockchain – The blockchain is the network that contains a record of all the transactions ever made on a that cryptocurrency. These are peer-to-peer networks that are constantly being updated with new transaction and is entirely irrefutable.
• Crypto Exchange – A crypto exchange is a type of platform where customers can buy and sell cryptocurrencies using FIAT currency or other cryptocurrencies. Think of it as much the same as Forex trading.
• Betting Exchange – Most decentralized sports betting sites are and have been betting exchanges. These platforms are essentially a peer-to-peer betting marketplace which lets bettors wager on certain outcomes. For example, bettors can place lay bets, which means to bet a team or player will lose.
• NFTs – Non-Fungible Tokens are digital identifiers that are completely unique from one another and are used to prove the authenticity of something. An NFT could be anything from a digital character to a piece of music.
• KYC – Short for “Know Your Customer”, this is the name of the verification process you’ll need to complete at both offshore sportsbooks and cryptocurrency exchanges.
• Wallet address – The wallet address is the public address of your cryptocurrency wallet. It is where you’ll be able to get a sportsbook to send your withdrawals too.
• Miner fee – Miner fees are the small fees that are taken out of a crypto transaction on the back-end. This is to facilitate a fast transaction and for some tokens, it is an almost negligible amount.

Read More About Crypto Casinos in Our Guides

The Best Crypto Betting Site

With more than 30 sports to bet on, some seriously unique betting features, valuable odds across numerous markets, and strong crypto acceptance, Bovada is our choice for the best crypto betting site for US residents.

If you’re looking for great odds on the major US leagues and wish to leverage to speed and power of cryptocurrencies too, sign up to Bovada and use promo code INSIDERS today.