If you are new to online crypto sports betting, the chances are that you have had certain doubts about what crypto betting has to offer. Such doubts may not be unfounded as a variety of rumours flying around concerning the true nature of cryptocurrency betting. You may have heard that crypto betting is a very complex form of online sports betting, or you may have heard that crypto betting will make you lose more money or other random rumours that it is so volatile that you can never make any wins from it. Hence, as a potential online crypto sports bettor, you may have developed some doubt as a result of these rumours, and these may have deterred you from playing as a crypto sports bettor.
Hence, at CryptoBetting, we aim to clarify the actual situation of things, so this concise text is meant to clear up such doubts from your mind so you can comfortably begin your crypto sports betting journey. To confirm the fact that the statements below are just doubts and nothing more, we advise you to carry out some further research after reading up the text, you can also further go on to ask any online crypto sports bettors you may personally know.
1. Doubts about the safety of crypto betting sites
As stated in the introduction, such doubts may not be unfounded, this is because some crypto users have fallen prey to some fraudulent sites disguised to be genuine crypto sites. Hence, you might have heard such stories that crypto betting is unsafe. What you should take to mind as a potential crypto bettor is that you must be sure about the site you wish to register with. This is because there are certain fraudulent entities that hid under the guise of crypto betting sites to take advantage of unsuspecting users.
Therefore, to clear your doubts, crypto sites are very safe and not unsafe as may have been painted to you. You must simply register on trusted sites. Note that there are two forms of trusted crypto betting sites that exist, the first set is the traditional sportsbooks that offer crypto as part of their accepted payments, while the second is those sportsbooks that are solely into crypto transactions. You can find them on the link to access crypto betting which we have shared above.
2. Doubts that Crypto Betting sites are not compatible with smartphones
This is a doubt that does not require much to be cleared. All you need to do to clear this doubt is to use your smartphones to access your preferred crypto betting site. Upon doing this, you’ll see for yourself. Most recognised crypto sportsbooks such as Stake.com, Sportsbet.io amongst many others have websites that are well optimized for smartphone use. Therefore, this should not discourage you from registering on online crypto betting sites. The websites will work on your phone, you need not have any doubts about this.
3. Doubts about the simplicity of Crypto betting
Since you are new to betting with crypto, you definitely have this doubt. It is quite common with the majority of newbie crypto sports bettors. This is because the manner of transacting with crypto is not the conventional filling of banking information which many online sports bettors are familiar with. However, although it isn’t the same with fiat currency betting, neither is it a complex process. What you simply have to know is how your crypto wallets should be set up. Upon setting the wallet up, you should thereafter copy the address of the wallet into the crypto sports betting website where the deposits you make will be sourced from and where all your withdrawals will also go into.
4. Doubts about the difficulty in transferring cryptocurrency
You must have heard about how some online sports bettors lose money as a result of carelessness. The truth is the fault should not be attributed to cryptocurrency; this is because care should be taken when online crypto sports bettors wish to transfer amounts of money. For instance, Bitcoin addresses are quite lengthy and it is important that you crosscheck the address you are about sending that amount of money to. Always crosscheck, because once sent to the address, the money is gone and can hardly be recovered, therefore, always crosscheck addresses. This is extremely important.
5. Doubts about the easy resolution of Crypto disputes
When you have certain crypto betting issues that require resolution, you may have doubts about how easy such matters will get resolved. This could be a plausible doubt but your crypto sportsbook is what really determines this. We advise that you always read reviews of online crypto sportsbooks and what clients have to say about their customer support before you register on any of them.
6. Doubts about how beneficial it is on crypto sites
Here’s another doubt you need not get concerned about. When you decide to register on a crypto betting website, you will get a variety of promotions, right from welcome bonus packages in form of deposit bonuses, matched up bonuses for you as a new player, and as an existing player, there are also other loyalty packages open for you. There are a variety of promos open to crypto sports bettors. These promos may not number as much as the bonuses which are commonly provided by fiat money sportsbooks but there is quite a number available.
7. Doubts about making substantial profits from Crypto Betting
The volatility of crypto is always among the headlines of crypto betting. There are always stories about how crypto sports bettors can make fewer gains than the actual amount they had wagered. Hence, you may doubt if you will really make a profit due to the unstable nature of cryptocurrency. The truth is cryptocurrency is volatile, however, this does not prevent you from making a good amount of profit when you are betting using cryptocurrency. Our advice is that before engaging in crypto betting, you should always ensure it is not a period when coins are dipping, you can always check crypto analysis pages online before betting with certain coins.