For several years we have been experiencing two separate phenomena in the online world. We are witnessing huge changes in the financial world, triggered by Bitcoin and other cryptocurrencies. On the other hand, the world of sports betting has gained a completely new base of customers through the Internet. That’s why today we want to explain to you in detail how to choose a bookmaker for Bitcoin sports betting.Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
Making Bitcoin sports bets has some advantages. The transfer times when paying for Bitcoin sports bets are very fast; the amounts usually arrive after just 10 minutes. When placing Bitcoin sports bets, you can also set up the payment so that your personal information is not at risk. Last but not least, you can use Bitcoin to operate worldwide and regardless of the local currency. This means you can place Bitcoin sports bets without any currency exchange fees.Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
From the outset, accepting Bitcoin as a means of payment is not the worst decision. You could almost call this a bonus compared to other providers. Some bookmakers, like 22Bet, who offer this option give a bonus on it and some of the providers only give a bonus on it now and then in the form of a special offer. It’s best to find out beforehand. In and of itself, the Bitcoin bonus is nothing like the bonus you get on deposits in FIAT currency.
In any case, the bookmakers themselves also have a big advantage if you pay with Bitcoins. Because Bitcoin transfers cannot be reversed. However, just as with the BTC bonus as with all other bonuses, the conditions come before the fun. You cannot therefore request this bonus to be paid out without first meeting the bookmaker’s requirements.
Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
To get the coveted cryptos, you have to look for a broker that offers BTC. The selection is large and there is hardly an online broker that does not offer the “mother of cryptocurrency”. Nevertheless, it should be mentioned at this point that 22Bet offers a direct line to purchase various cryptocurrencies on its platform. So if you’re considering 22Bet for your sports betting anyway, you can make it easy for yourself and purchase the necessary tokens directly here.
Should it be a broker? To make your choice easier, the 5 largest and most popular brokers in the DACH financial market are:
- eToro
- OKX
- Libertex
- Scalable capital
- Bison
Which broker you choose is up to you. Or maybe you already have an online broker? Either way, you should pay attention to the most important points when choosing your online broker. These are:
- Security
- Data protection
- Advancement
- Portfolio
- Fees
Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
- Bitcoin: The great pioneer of all cryptocurrencies is still, for many, the ultimate in the market
- Ethereum: Ethereum is far more flexible than BTC and is therefore already used for numerous applications and crypto apps
- Tether: Always criticized, Tether offers the great advantage of a stablecoin that is based on the USD
- BNB: The cryptocurrency of the largest crypto exchange in the world Binance is considered one of the most attractive tokens ever
- USD Coin: Another stablecoin whose value is pegged to the US dollar
However, there are numerous other currencies and new ones come and go. Here is a brief overview of all cryptocurrencies:
Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
Whether or not a provider accepts payments with Bitcoins or other cryptocurrencies depends on a large number of factors. However, as things stand today, it won’t be too long before the majority of online bookmakers will also offer the option of betting on cryptocurrencies in their systems. Digital change is progressing ever faster, so it’s either follow suit or perish.
Therefore, you should just be patient until other bookmakers join in. Since Bitcoin first entered the financial market stage in 2009, the triumph of cryptocurrency has been hard to stop. More and more people want to buy cryptocurrencies. So why shouldn’t other bookmakers soon recognize the advantages and disadvantages and offer this option.
Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
Here we have an overview of the advantages and disadvantages for you:
- Security → No personal data flows through the direct transfer with BTC & Co, so access by third parties is not possible.
- Payment speed → max. time until transactions are visible 1 minute.
- Anonymity → For pure Bitcoin betting providers, registration only requires providing an email address and date of birth. There is also no need to upload any documents for verification. This means that largely anonymous betting is possible.
- Free of charge → Payment transactions using Bitcoin and Co are usually free of charge.
- No verification is necessary → Since this payment method usually only requires a valid email address. As a rule, the broker has already confirmed its legitimacy.
Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
- Price fluctuations → The biggest disadvantage is probably the price fluctuations in the financial market. If a BTC is worth €10,000 today, it could only be worth €5,000 tomorrow. Of course, the other way around is also possible.
- Future prospects → Even if cryptocurrencies are currently an integral part of finance, unfortunately, no one can predict the future.
- Cumbersome → sometimes complicated setup
As Sir Isaac Newton taught us, for every action there is a reaction. Likewise, everything has its pros and cons. Bitcoin sports betting is no exception. Of course, when it comes to the advantages and disadvantages of crypto bets at 22Bet, you have to be clear that they all have different weighting. It’s all a question of acceptance and willingness to take a risk.
For someone, perhaps linking profiles and accounts is simply a closed book and therefore THE exclusion criterion, but for the next user, anonymity would be an absolute “no-go”, it’s all a matter of opinion. In any case, you should not forget that money does not grow on trees. So don’t gamble away the house and yard, because that won’t help anyone.
Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
Payments with Bitcoin, to whomever and for whatever purpose, are considered very safe by experts. Mainly because the blockchain technology used means that it is not necessary to pass on personal data, as with other payment methods.
This prevents hackers from accessing your data in the event of a possible attack. However, the best intentions on your part are of no use if the Bitcoin sports betting provider is dubious. Therefore, you should always make sure that you have a valid sports betting license available for inspection.
Pay attention to the tone in relevant communities towards the provider and take a look at the provider’s “About Us” and “FAQs”. Above all, read the terms and conditions and privacy policy. Good, reputable providers place the highest value on the security of their customers.
Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
Not everyone can or wants to pay with cryptos. Good Bitcoin sports betting providers should also offer the option of paying with “conventional” FIAT currency, especially for “occasional gamblers” or “casual customers”.
Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
“Old but Gold” Credit card payment is probably the standard equipment of a sports betting provider. However, you should remember that when paying with a credit card you have to verify yourself. The card must also be issued in your name.
Crypto Betting Insights on 22Bet: Paving UAE's Path to Success
Even if it takes a little more time before you can place your first bet, you should not put this option aside. Because the digital carousel keeps turning. We would also like to be honest, and go through the whole scenario with registration and verification once.
From then on, never again, unless you have changed something in your stored data, for example, have moved, chosen a different house bank or another online broker, or, or, or.
If you keep your eyes and ears open, you can also grab great bonuses, Just don’t forget that you don’t get anything for free and certain conditions have to be met before you can pay out. Therefore, always inform yourself beforehand.
Bitcoin sports betting is a safe bet and, sooner or later, the majority of bookmakers will include this possibility of deposits and withdrawals in their portfolio. In principle, however, the quite volatile crypto market or crypto exchange should be monitored in order not to lose your home.
One of the most interesting providers in the industry is currently 22Bet Casino, which has also added sports betting to its portfolio. Here you can place numerous bets on both live sports and eSports. There is no KYC process and the minimum deposit is just $1.