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Which are the most popular cryptocurrencies that people use for online sports betting?

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The online betting industry is prevalent in most countries around the world. Thus, tons of gambling websites offer casino games and sports betting opportunities. Most of them are trying to keep up with the latest trends in the industry, which is why they’ve chosen to allow their customers to use all sorts of payment options, including cryptocurrencies.

This is the go-to option for many punters because cryptocurrencies guarantee that they will stay safe during each transaction. Moreover, most bookies let their clients make instant deposits and withdrawals if they choose this payment option. 

Even though every betting website has a different selection of payment methods, there are a few cryptocurrencies that can be found almost everywhere, so we’ve decided to highlight them.

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Bitcoin

Nowadays, Bitcoin is basically the synonym for the word cryptocurrency, which is why it’s no surprise this is the most popular payment option. If you check the list with betting sites accepting Bitcoin, you will see some of the industry’s biggest names, so if you plan on purchasing one of the many available currencies, this should definitely be on your list.

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Apart from being widespread, Bitcoin is one of the most expensive cryptocurrencies in the world. Its value has sky-rocketed in the last couple of years, and it will probably continue to grow even more.

Litecoin

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This is another open-source software project that was released in 2011, and it became a huge hit. Even though it’s not as expensive as Bitcoin, Litecoin is still one of the most popular payment options when it comes down to online gambling. 

Almost every website in this business that allows its customers to use cryptocurrencies has Litecoin as an option. However, each transaction’s minimum and maximum requirements are usually very different from Bitcoin, so keep that in mind.

Ethereum

According to recent studies, Ethereum is the second-largest cryptocurrency after Bitcoin. Hence, many online casinos and bookies have decided to add this as a deposit and withdrawal options.

Ethereum began its existence back in 2013 by a person called Vitalik Buterin. Apart from gambling, you can use Ethereum for all sorts of other things.

Dogecoin

Despite its somewhat strange name, Dogecoin is one of the hottest cryptocurrencies right now. Many websites have added this as a deposit and withdrawal option, so if you want something slightly different from what you might be used to, feel free to try it out.

Even though it all began as a joke, Dogecoin quickly became one of the most popular cryptocurrencies, especially in some parts of the world.

One of the most exciting things about Dogecoin is its logo. It is based on the “Doge”, which is a popular internet meme.

Conclusion

Even if the given gambling operator offers things like e-wallets and debit/credit cards, it is still better to use one of the cryptocurrencies. They are fast, reliable, and easy to use, which is why so many people like using them on a daily basis.

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Milcah Lukhanyu
Milcah Lukhanyuhttps://techmoran.com
I cover tech news across Africa. Drop me an email at [email protected]

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