Cryptocurrency Choices Abound at Sportsbooks

PUBLISHED: Tuesday, September 24th, 2019
LAST UPDATE: 11:41 am, Tue, October 15, 2019

Cryptocurrency Choices Abound at Sportsbooks
There are many crytpocurrency choices available today at online sportsbooks. The most popular cryptocurrency payment method is Bitcoin, but it is not the only choice available at the sportsbook.

There are many crytpocurrency choices available today at online sportsbooks. The most popular cryptocurrency payment method is Bitcoin, but it is not the only choice available at the sportsbook. If you need to send or receive money at sportsbooks then you definitely want to be using a cryptocurrency. Let’s take a look at your cryptocurrency choices at sportsbooks.


You probably already know that Bitcoin is the most popular cryptocurrency payment method and there are many reasons for that. One of the first reasons is that Bitcoin is not controlled by any central authority and that means there is no government involvement. If you remember the days of Neteller when it was a great payment method then you probably also remember that Neteller caved in to the U.S. government and basically turned up their belly. There are no worries about Bitcoin because it is not controlled by anyone.

Bitcoin is also popular because it is a fast and cheap way to send funds to the sportsbook. Bitcoin wallets are easy to set up and they are also virtually anonymous. There is no real way for people to know who is sending or receiving Bitcoin. That doesn’t mean it is totally anonymous, as Bitcoin transactions can be tracked, but it is not easy to do, and so far there have not been any indications that governments have the ability or the desire to track individual Bitcoin transactions.

It is also easy to buy and sell Bitcoin. It seems overwhelming if you don’t know anything about Bitcoin, but the process is really simple.  You need to set up a Bitcoin wallet and then you can buy and sell Bitcoin and you can also convert Bitcoin to dollars or whatever currency you want and then send it to your bank. You can buy Bitcoin and then send it to the online sportsbook. The online sportsbook can also send Bitcoin to you and you can then sell that Bitcoin and convert it to dollars. The process is really very simple and it is also very cost effective.

Other Cryptocurrencies

Many online sportsbooks offer multiple cryptocurrencies as payment methods. Bitcoin is without a doubt the most popular cryptocurrency, but it is not the only choice. Other cryptocurrency options include Bitcoin Cash, Ether, Litecoin, Monero, Dash, FirstBlood, Aragon, Basic Attention Token, Bancor, Blackcoin, Bitchares, Civic, Clams, Decred, Digibyte, Dogecoin, Edgeless, EOS, Ether Classic, Factoids, FunFair, GameCredits, Gnosis, Golem, Matchpool, Komodo, LBRY Credits, Namecoin, NEM, Numeraire, Nxt, OmiseGo, Potcoin, Augur, Reddcoin, IExec, Salt, Saicoin, Status, Startcoin, SingularDTV, Swarm City, WeTrust, Vericoin, Vertcoin, Waves, Wings, Ripple, Zcash, 0x, Bitcoin Dark, DigixDao, district0x, Emercoin, Iconomi, Lisk, Maidsafe, Omni, Nubits, Novacoin, Tenx, Peercoin, Qtum, StorjX, Steem, TokenCard, Tether, Voxels and Counter Party.

While all of these other cryptocurrencies are options at some online sportsbooks, most people don’t use anything other than Bitcoin. That could change over time, but right now Bitcoin dominates the cryptocurrency market. All you have to do is look at the price of Bitcoin and compare it to other cryptocurrencies. Bitcoin has had a price between 3,000 and $20,000 over the past few years and has been around $10,000 for some time, while the next highest price in terms of cryptocurrency is Ether and its price isn’t much more than $200.

The great part about Bitcoin and other cryptocurrencies is that they give gamblers a great way to send and receive money at online sportsbooks. There is no longer a need to deal with money orders, wires, credit cards and other payment methods because cryptocurrency payment methods are far more reliable. There is no more worrying about whether or not a credit card will go through as a payment method. When you send Bitcoin to the online sportsbook you can rest assured that the transaction will go through. And that applies both ways, to sending to the sportsbook and to withdrawals from the sportsbook. There is no question that cryptocurrency choices have made depositing and withdrawing money at the online sportsbook much easier.

Check out the latest cryptocurrency payment methods available at the online sportsbook.