Advantages and disadvantages of cryptocurrency bookmakers18/01/2021 20:29
When people hear the word “cryptocurrency”, the first thing that comes to their mind is Bitcoin. That’s not surprising because this is the thing that made those types of payment options famous. However, there are many other cryptocurrencies that you can choose from, and all of them are fast, easy, and secure.
Besides purchasing different things, some people use their cryptocurrency to bet online. Nowadays, you will find an abundance of gambling websites where you can fund your account and claim the money you’ve won using every popular cryptocurrency in the world.
Although most bookmakers that offer cryptocurrencies also support other payment options (debit cards, e-wallets, bank transfers), there are several websites where you can’t use anything else. These places offer a slightly different betting experience, which is why people like them a lot.
Naturally, these bookies also have their pros and cons, which is why we will try to include some of them in this article.
What will you find inside a cryptocurrency bookmaker?
The first thing that we have to point out is that finding those types of betting websites is not easy. However, you can always check these recommended cryptocurrency bookmakers and choose the one you like the most.
The first big difference between them and the regular betting websites is in the payment options. These operators only support things like Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies.
In addition to the payment options, most operators that focus on these types of currencies also have special promotions. Besides the fact that you can only claim them if you use one of the things we’ve mentioned above, these offers even have unique conditions. In most cases, the rollover requirements are lower than the promotions available on regular bookies.
The last advantage that we want to point out is the fact that some of these bookies also provide different casino games. Even if you don’t like online casinos, it is always good if you have other things that you can bet on if you get bored with sports.
In terms of disadvantages, the biggest problem with betting on a cryptocurrency bookmaker is that you won’t be able to fund your account or claim your winnings with any “regular” payment option. Although this might not be a problem for some people, there are bettors who use other kinds of payment methods.
The next thing that you have to keep in mind is that some of these bookmakers don’t have a lot of security features. Of course, they have an active license that helps them operate in numerous countries, but you might notice that other options are missing.
The last downside of playing on a cryptocurrency bookmaker is that you don’t know what will happen in the future. Even though Bitcoin and other currencies are still legal, this might change at any point in the future, which means that these kinds of bookmakers will cease to exist. Of course, they can always restructure their websites, but this will take a lot of time.