Cryptocurrencies
Introduction
In an ever-growing global economy with changing purchasing habits, slowly but surely the whole notion of currency/money is being challenged. Long gone are the days where one needed to hold physical cash, as we are seemingly getting into a cashless era, with virtual wallets, credit/debit card and more recently cryptocurrencies becoming the next big thing. It’s thus no wonder if you turn on your TV or radio set and all you see/hear is cryptocurrency news.
There are lots of speculations regarding history and origin of cryptocurrencies, however it is widely agreed that the birth of Bitcoin in the early 2000s (2008 to be precise) completely re-shaped the very meaning and perception of money. This paved the way for all the other types of cryptocurrencies we now see in the industry. This came along with some new professions as well; cryptocurrencies trading and crypto-coin mining (just to name a few).
Cryptocurrencies in betting
“But what relationship do cryptocurrencies have with betting?” one may ask and rightly so! Well, truth be told, most of the major players in the industry (sportsbook and exchanges) alike still haven’t realized the importance of these coins as they are commonly called, more so as very few of them offer such amongst their deposit/withdrawal portfolio (thus safe to say these bookies are yet to get the grasp of cryptocurrencies advantages in 2021).
With the rise in the value of Bitcoin over the past few years, more and more punters turn to this coin as an alternative to the more traditional day-to-day means of payment (thus betting can’t be an exception). Luckily enough, most of the top sports betting agents on the market accept cryptocurrencies as deposit/withdrawal option.
One of the prime reasons bettors prefer cryptocurrencies has to do with the relative ease of creating a crypto-wallet, coupled with the often low transaction fee involved, and with more and more players realizing this, the cryptocurrency market will grow bigger and bigger over the coming years, and the gambling world won’t be left behind.
What are the top
crypto-currencies?
Bitcoin
(31,917 USD as of Jan 2021)
Ethereum
(1,361 USD as of Jan 2021)
Bitcoin Cash
(433 USD as of Jan 2021)
Litecoin
(433 USD as of Jan 2021)
Ripple
(0,274521 USD as of Jan 2021)
Dogecoin
(0,0088 USD as of Jan 2021)
Have a funded wallet on one of the above cryptocurrencies list and can’t find a bookmaker that accepts it as a deposit option? Well, there’s good news for you, just contact the customer service of one of our top recommended bookmakers now, as they all accept these popular cryptocurrencies for deposits/withdrawals.
Cryptocurrency Trading
Cryptocurrency trading simply refer to the buying and selling of currency pairs (or rather cryptocurrency-tied pairs) to make a profit. This market has been gaining lots of ground ever since the advent of the crypto-wave.
Sports betting and cryptocurrency trading being closely linked, we at Sports Bet Blog are glad to introduce to you guys one of the top global cryptocurrencies trading platforms on the market (Bitfinex). Their fees are unparalleled, plus they have a mobile app, which is something good. So why wait any further? Sign up for an account on the best option for cryptocurrency trading platform and start trading on your favorite crypto pairs to win immensely.