Football is a unifying sport. The century-old sport is in a league of its own, considering billions of people tune in to its events yearly. However, the thrill that accompanies football supersedes watching the sport alone. Millions of bettors are also raking in money from wagering on the outcomes of its events.
For a chance of taking a profit, punters don’t mind standing in a long queue at the bookies to place their bets. However, this doesn’t have to be the case. The advancements in technology mean bettors can now access their bookmakers online, with several payment options available, including betting through cryptocurrency. Today, many people engage in crypto betting because of its safety, speed, and anonymity.
However, before you place your first bet, you want to understand the basics and dynamics of sports betting. You also want to follow the opinions of top industry players who can offer you excellent tips and recommendations that will aid your success. This is where Kate Richardson, a professional punter, comes in. Kate is an expert at football betting and is equipped with all the proper strategies to help you make the right wagers. You can view her profile here to learn more about how her tips can help you.
What Is Cryptocurrency?
Cryptocurrencies are virtual currencies that use cryptography — a set of algorithms used to protect digital data — to make transactions. These currencies function on a peer-to-peer computer interaction that uses a decentralized system to track and record transactions.
The major perk of using this payment system is that it doesn’t rely on external entities like the government or traditional banks. Instead, it runs on blockchain technology to transfer funds between two parties, with no intermediaries. This secures your transactions from external hacks and means there is no rule governing how much money you can transfer or receive in your wallet.
While there are numerous currencies, some of the most popular ones are Bitcoin, Ethereum, and XRP. Most sportsbooks- especially those online now accept these virtual assets as a means of transaction. Punters that use this method are assured of safe and fast transactions.
How To Bet On Football With Cryptocurrency
Betting on football is straightforward when you have a reliable bookie and a safe transaction method. Since many online sportsbooks now accept crypto payment systems, registering and depositing using these assets should not be a hassle. These are the simple steps to follow:
1. Sign Up With a Crypto Betting Site
Sign up with a registered bookie that accepts the currency. If you already have one, you should confirm their legality to further secure your transactions.
You will be required to set up an account to transfer your money. While some sportsbooks might have differing sign-up variations, most follow the same procedure.
2. Set Up Your Wallet
You need a cryptocurrency wallet to transfer your funds; see it as a temporary bank account. You can use it to hold your coins, track rates, and make transactions. You should ensure you pick a credible wallet to hold your money; you can do this by checking reviews online.
3. Purchase Your Coin and Fund Your Wallet
This is important if you don’t have crypto coins in your wallet. You can buy them on exchange platforms through traditional brokers at low prices.
To make an easy transaction, you should use credible exchange platforms, select the currency you want, and pay for it. Your coins will be transferred to your wallet address when you pay.
4. Transfer into Your Football Betting Account
Log into your sportsbook account. You’ll see a list of payment options, choose cryptocurrency as your deposit method, and select the kind of currency you want to deposit — for instance, this might be Bitcoin or Ethereum.
To complete the deposit, you should input the amount you want to deposit, send it to the given address, and place your bets when the money reflects in your account.
Advantages Of Using Cryptocurrency For Football Betting
Digital currency is a secure way of making transactions online. However, besides the safety it offers, there are numerous advantages it offers users. Some of them are:
- Anonymity
The biggest flex of using this payment method is that it keeps you anonymous. It doesn’t require your personal information or data, and it protects you from third parties poking into your affairs — meaning you don’t have to answer to banks when making transactions. This also secures big winners away from hackers and prying eyes.
- Bonuses and Promotions
There is usually a wider range of bonuses to punters paying with Bitcoin and other virtual currencies. Many sportsbooks offer deposit and sign-up bonuses and give loyal customers enticing promotions for using this method.
- You Can Wager From Anywhere
Cryptocurrency users aren’t limited by geo-political restrictions, which means you can bet from anywhere, even when your location cannot easily access online gambling. While you may not easily find a crypto sportsbook in some locations, the available ones will accept you from anywhere.
Final Notes
The sports betting industry is booming, and the rise of cryptocurrency gambling has made it more attractive to punters. Many bookmakers now accept this independent currency, further expanding the scope of football betting. If you need a new payment system, you should go for this.
Meta Description
With the rise of cryptocurrencies, many sportsbooks now accept them as a payment method. This article shows you how to bet on football with the independent coins.
