As Cryptocurrencies surge in relevance and acceptance, a greater number of Bookies are now offering coins like Bitcoin, Ethereum, Bitcoin Cash, Dogecoin as part of their payment options. With this development, the main issue which then arises for cryptocurrency bettors is how to know whether the betting site is legit, and safe. This is necessary in order to avoid falling prey to fake sites that will steal your personal details or suddenly shut down with your funds.
Hence, in this short article, we have made available to you ways to know the site is a legit and safe Crypto betting site, and also recommended legit Crypto betting sites you can trust.
What you should look out for to ensure a Crypto Sportsbook is Legitimate?
- Register on renowned Sportsbooks
Betting Sites are frequently on the lookout to advance their status in the market by improving their services and functions. Hence, when it comes to Bitcoin betting, the top sportsbooks had already included cryptocurrency betting as early as 2014.
Though it is not just the sportsbook that took advantage of the entry of Bitcoin into online betting, there have been other sportsbooks that are solely involved in Bitcoin betting. When it comes to reliability, you should ensure the website is a renowned website, We have provided them for you on our website.
Hence, it is better to rely on the traditional online sportsbooks which offer crypto among their payment options compared to Bitcoin-only sportsbooks. But if you choose to register on Bitcoin-only sportsbooks, be sure to carry out your due diligence and make your own research.
- Check if the Licensing of the Sportsbook is provided at the bottom of the site
Licensing is very important for sportsbooks. This is the best way to be certain that you are dealing with a trustworthy website. Since most conventional Bookies operate using fiat currencies and hence must work together with banks, they have to engage in certain requirements like “Know Your Customer” as well as “Anti-Money Laundering”; so the process of getting such licenses is quite stringent for regular sportsbooks that offer both fiat currency and Bitcoin.
However, even though cryptocurrency is devoid of regulation, sportsbooks that operate solely in these do come with certain forms of licensing, however acquiring such licenses is not subject to the scrutiny that a conventional sportsbook is put through.
- Always look out for the padlock sign and for grammar errors.
Be vigilant to ensure that the website has the padlock sign at the top after accessing the website. This means that the site is secured with the use of a digital certificate. The padlock sign means there is secure communication between the browser as well as the server where the browser is hosted.
It implies that the connection to the website has an SSL/ TLS certificate and it is encrypted with HTTPS. However, you should be extra vigilant as half of all phishing sites now have the Padlock sign. However, it’s a basic way to distinguish genuine from fake sites.
You should also be on the lookout for grammar errors on the site. Most genuine websites scrutinize their content before making it available to the public, but this is not so for fake websites, so there is a tendency for such websites to have several grammar errors which should give them out.
In checking to know if a crypto betting site is legit, the websites we recommend are those that we have rated the best on our system of measurement.
Hence, we usually recommend sportsbooks that have been dependable for long periods and now offer cryptocurrency as among their options of payment. In other words, we recommend the traditional Bookies that have put in the work to gain our trust.
Recommended Betting Sites that offer Crypto
Cryptocurrencies are majorly accepted by two types of sportsbooks which include:
- Offshore Online Bookies recently accepting Bitcoin
- Bookies accepting only Bitcoin
Although some of the Bitcoin-only sportsbooks turn out as safe, their history and how easy it is to set them up, make them an easy aim for fraudulent individuals. For instance, there are certain crypto sportsbooks that have ended up being non-operational such as Betvip; while others end up as phishing sites that are only interested in your personal and financial details.
Things like this could therefore make the selection of a crypto sportsbook a difficulty for you. When fraudulent persons take advantage of such sites or where such fake sites close down, unsuspecting customers are left with no remedies as to retrieve their funds.
However, offshore sportsbooks which are licensed are more reliable. Some of them include:
It is licensed in Panama. SportsBetting is a reliable crypto sportsbook offering crypto betting. It accepts Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar Lumens, and USD Coin. When you make cryptocurrency deposits or withdrawals, no fees are charged.
It is licensed in Panama. It is another conventional sportsbook you can rely on for your cryptocurrency bets. You can also easily deposit and make withdrawals in Bitcoin, Bitcoin Cash, Ethereum amongst other available methods. For instance, when using Bitcoin here, withdrawals take at most 48 hours, but regularly take even less than an hour to be processed while deposits take an even shorter period.
It is licensed by the Curacao Gaming Authority. GTbets also offers you transactions in Bitcoin, Litecoin. The minimum amount you can deposit using cryptocurrency is $35, though the minimum payout with crypto stands at $300. The entire period for payout using crypto is a maximum of 48 hours.
It used to be licensed by the Kahnawake Gambling Commission(KGC), however, this license was not renewed in 2016. It is now licensed by the Curacao Gaming Authority. It is a trusted site which we highly recommend. This was one of the sportsbooks to welcome Bitcoin transactions for its customers.
It is internationally accessible and accepts cryptocurrencies such as Bitcoin, Litecoin, Bitcoin cash amongst others. You can also get up to $5000 as the Bitcoin Welcome Bonus. It does not charge any fees for its withdrawals and deposits.
These are just some of our recommendations, you can find more reliable crypto betting sites when you check our website. You should also do some research before making a selection of your bitcoin betting site to avoid the risk of being a victim of fraud.
So many sportsbooks exist today, so be sure you’re registering on one that you can trust.