There’s so much to know before entering the world of betting with your favourite crypto currencies. As of right now, you can find bookmakers that offers depositing with e.g Bitcoin or other crypto currincies as an additional payment method to the classic credit card, bank wire, e-wallets and so forth.
But there are many bookies out there who only accepts crypto currency as a payment method, and they are actually the best! We want to break it down for you, so you have an understanding of the differences and benefits before you place your first bet.
Crypto Accepted Bookmakers
These are the first we will take you through, and these are the betting sites that offers both traditional payment methods, as well as crypto currency. There’s a very big disadvantage when using crypto currency at these bookmakers. We will make an example now, where we use Euros and Bitcoin as examples. Remember the same goes for all currencies and crypto currencies though.
When you deposit Bitcoin they will almost always convert your money into your local currency, and in this case we pretend it’s Euros.
You just deposited 200 Euros worth of Bitcoin into your betting account, the bookmaker has converted your crypto into Euros and you’re ready to play – let’s say you then win and choose to make a withdrawal – they will then convert your Euros back into Bitcoin and send it back to you. The problem here often is that the price of Bitcoin can be a rollercoaster and your money doesn’t follow the current price. We’ve seen countless of examples where players actually would’ve “won” the same amount of money, by just keeping the Bitcoin and let the prize of it rise naturally, instead of gambling with it at a bookmaker. If the time between your original deposit and your withdrawal is a month or a couple of weeks, it can go up and down many times, sometimes a couple of days and even hours is enough.
Crypto Accepted Bookmakers typically operates through customers paying with FIAT money, which is the traditional payment methods such as a credit card. You can be pretty sure (probably about 99%) that this type of bookmaker will do a standard KYC verification on you, regardless of you depositing with Bitcoin or other crypto valutas. This kind of ruins the whole point, doesn’t it?
Withdrawals will probably take a bit to get approved, sometimes even days, and there’s a very slim chance of receiving any help from support staff because crypto payments nearly always goes through a third party special crypto gateway provider, which they will need to contact in order to sort out any issues or other things regarding the transaction. Obviously this also takes time, so all in all, it can be a rough experience, especially if you are sitting there watching Bitcoins prize in general declining, and there’s nothing you can do but wait.
The real Best Crypto Bookmakers as we call them on LetzGamble.com, can take your gambling experience to a whole other level.
What are some of the small things, that has always annoyed the bejesus out of you, when setting up an account at a new online bookmaker? You probably guessed some of them already – verifying yourself, not being able to play anonymously and having to provide way too many personal details, just to place a bet on a good game of footy or tennis. Well these are some of the advantages at crypto bookmakers.
Another big advantage is the fact you always get your payout instantly directly from the bookmakers bankroll, when withdrawing, and of course it happens in the same crypto valuta as you deposited with. They also offer absolutely mindblowing bonuses up to 1 and 2 Bitcoins, which is more than the world has ever seen before. The possibilites are endless when using the real crypto bookmakers, and that’s why we sort and list them here at our site for your pleasure. No wonder they are so popular, they are practically any gamblers dream!
Of course there are several cases where people need a decent bookmaker who offers FIAT as well as Crypto, and whatever your reasons might be, we have compiled a list for you too, with only the best of them. By the way – we didn’t intend to make Crypto Accepted Bookmakers sound bad. The fact they even offer players the option to deposit with crypto currency is already much more, that what most other bookmakers does, so it is a nice service they provide for us. It’s just not enough to earn a spot on the list of the Best Crypto Bookmakers. If you know us at LetzGamble.com, you know we always set the bar so high, that it really can’t go any higher, and we never ever compromise with our demands to bookmakers and casinos out there.
So when we add a bookmaker to the Best Crypto Bookmaker list, it’s because it really deserves it – there will be no verification on any of the betting sites we recommend on the list. Keep in mind, just as a normal bookmaker, these bookies also scan for bonus hunters and other players who does “foul-play” and try to take advantage of their betting site.
If you like to have some extra security to your player account, it’s not a bad idea to verify yourself though, which is also possible but indeed optional with 99% of real crypto bookmakers. And this is completely safe to do of course, because (again) we don’t recommend anyone who isn’t 100% trustworthy. A hacked account can be hard to retrieve if you haven’t provided the bookmaker with any details of yourself, so just be aware of that.