Gambling and online betting have become part of the standard since introducing the blockchain, so placing cryptocurrency and sports betting in the same sentence was not a significant leap. With the large base of sports to bet on the 100 percent transparency and protection, blockchain protocol seems to guide the uptake of Cryptocurrency Sports Books.
A high degree of confidentiality surrounding the betting industry has always been present. The cryptocurrency-based blockchain technology offers absolute anonymity, making it impossible for anyone to track online payments. This implies that in cryptocurrencies, moving money around online makes all transactions safer than ever, whether fiat or crypto deposits and withdrawals. Crypto wallet owners have the added security of two-factor authentication, giving their credentials and funds more defense.
Two-factor verification
2FA is a two-step authentication method to add to an online account the second layer of security and protection. Single-factor authentication, such as logging into an email account, applies to the username and password. As part of the authentication process, the inclusion of a phone or laptop provides an additional security layer.
Anonymity from Blockchain
The blockchain protocols keep users of Crypto Sports Betting secret, and unlike conventional sports betting, there is no trackable money trail left like that. The privacy offered implies that bets are almost impossible to track, keeping anonymous and personal banking information of wagers (bets) safe from online hackers.
Universal Betting
In several nations, there are rules against betting. The greed of bookies and hackers has troubled conventional sports betting. Headaches have also been caused by the banking (deposit and withdrawal) part of the game, especially for foreign wagers. Cryptocurrency has offered individuals a much larger world” to operate in and freedom from punishment to gamble freely. Using several digital currencies, Bitcoin, Ethereum, and thousands of altcoins registered worldwide to offer a much more significant advantage over traditional sportsbook agencies to bettors on cryptocurrency sportsbooks.
Bonuses with Money
As part of their marketing tools, conventional betting sites and bookies have often offered sign-up incentives and windfalls on really big or unlikely odds. Cryptocurrency sportsbooks introduce this practice to far more potential customers and pay much larger incentives than their typical counterparts pay for smaller wagers.
Fast cashouts with low transaction fees and easy deposit/withdrawals
When selecting an online sportsbook site, fast and successful withdrawals are one of the primary components. To take out their winnings, conventional bookies also have clients pay a withdrawal fee. Cryptocurrencies such as Bitcoin are electronic and take this unfair practice out of the game, conveniently and rapidly moving winnings into the punters’ digital wallet. Cryptocurrency sportsbooks provide a far safer way for clients to deposit and pass cash to offshore crypto bookies.