29 Apr 2021 Samantha McLauren
What Is Crypto Gambling?
Gambling is the indisputable king in the entertainment scene. It offers the players a way to get more involved with their favorite games. More importantly, it allows you to turn your gambling passion into monetary rewards. But gambling with cryptocurrencies has redefined the approach to the very domain.
Over the past year, in-home services have become more prominent allowing people to operate their businesses and activities from their homes. This provided a perfect atmosphere for online gambling: you no longer have to leave your house to stake your bets and win big with a few clicks.
But how online gambling match with crypto? Let’s find out!
Benefits of Gambling with Crypto
Experience has shown that Integrating cryptocurrencies into the online gambling sphere was only a matter of time due to its numerous benefits. We’ve highlighted just the most remarkable ones:
Fast Transactions. With cryptos, transfers and withdrawals happen within minutes allowing you to have total control over your payments. More importantly, you can make withdrawals and fund your account on the spot to stake on live games instantaneously.
Privacy. To prioritize privacy, crypto gambling platforms use blockchain technology which gives a carte blanche for anonymous betting. Gamblers often require their identities to remain private, and an untraceable SSL-encrypted wallet will be a perfect solution.
Low Transaction Fees. No one wants to gamble and expend a sizable part of their wins on transaction fees, which is often the case with fiat currencies. Cryptos like Bitcoin, ETH, and XRP leverage blockchain technology and operate efficient networks that eliminate the bottlenecks that make it expensive to make transactions.
Growing Number of Payment Methods. Currently, there are more than a thousand cryptocurrencies: some coins provide zero transaction fee, the others bring extended anonymity — find the most suitable coin for your need!
Vast Choice of Events. Gambling market offers more and more betting opportunities available in crypto with an exceeding number of events. You can easily bet crypto on one of the most common areas such as casinos and live dealer games, play poker, cheer on different sports clubs worldwide or join a smaller fraction like dice games. The love for these games has witnessed a sizable rise that’s why most cryptocurrency betting platforms are creating spaces for these activities and establishing a proper framework for that gambling sphere.
With all the above-mentioned benefits, there’s the last question left - how to start betting with crypto? Here are 5 steps:
1. Buying Crypto
Creating your crypto wallet is the first step to buying crypto. Visit Blockchain.com and go to the “Get a Free Wallet” tab. Following this, you’ll have to enter your email address and create a strong password to protect your account.
Thereafter, you will be given a wallet ID, which is your tool for accessing your wallet. After this, you’ll be prompted to verify your email, afterwards your wallet will be ready for use.
Buying crypto is just as easy as exchanging EUR to USD. Sign in to your account and go to the “Buy/Sell” tab. Enter the amount you intend to buy and the crypto you’re buying. The system will generate the crypto worth of the amount you imputed.
Following that, you will need to choose your payment method, whether credit/debit card or bank transfer. Noteworthy, buying through credit or debit cards attracts a 3% convenience charge. The subsequent step involves reviewing your order and finalizing the process.
2. Find a Reputable Gambling Platform
Among the plenty of gambling houses, we have picked 1xBit bitcoin casino and sportsbook. 1xBit presents an example of how the platform has sustained its market relevance through a deft balance of a glamorous outfit built on super-effective technology. The sportsbook selling point is its unique combination of excellent features that make for convenience and offer gamblers once in a lifetime gambling experience.
1xBit supports up to 30 cryptocurrencies and multicurrency accounts allowing you to easily switch between your favorite coins in a click. After registering on the platform, you can claim up to 7 BTC for making your first four deposits. The platform also has various odds formats suitable for different regions, which allows you to amass returns based on the odds you find appealing.
All these benefits offer you the perfect opportunity to kickstart your gambling experience across thousands of events covered by the platform.
3. Registration
Get started on 1xBit crypto casino with a single click. This takes you to the registration page that generates your entire login details automatically. You can also auto-save your details such that the system logs you in once you come on the platform. Secured by blockchain, you can rest assured your data is safe. Use CRYPTOBR promo code and get a 125% first deposit bonus!
Don’t forget to get pleasant bonuses, like up to 7 BTC bonus Welcome Bonus. If you want to receive them, go to your account settings and select “Take part in bonus offers” checkbox.
4. Crypto Selection
Remember 1xBit offers numerous cryptocurrencies from which you can choose any. All you need to do is to head to “My Account,” look for “Account Details,” followed by “Your Wallet,” and choose the crypto you want to transact with.
5. Betting on Events
Put your cryptos to the best use by scanning 1xBit for impressive events. This is the place where true gamblers are created, as they use predictions to amass wealth. Just pick the event you like:
Study the events and their conditions before making your stakes:
Now just place your bet!
Among other great features 1xBit offers you, an easy-to-navigate interface stands out.
Whether you’re a newcomer or a regular member, you can navigate your way without hiccups. Gambling doesn’t get smoother than this!
To maximize your profit, keep an eye on the news about promotions and the latest events, such as accumulator of the day and star jackpot offer.
Conclusion
Crypto gambling is a perfect choice for all who want to mix sporting passion with convenient payments and full anonymity. Now you are fully armed to start your journey and experience gambling at its best!
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