October 30th, 2021 | Updated on March 17th, 2022
The so-called cryptocurrency bookmakers are slowly but steadily becoming the new norm in online betting. Despite the fact that most online bettors prefer to use e-wallets and the other traditional online payment options, digital currencies will eventually take their place.
Since the majority of iGaming fans are yet to give cryptocurrency a chance, they probably don’t know much information about the online bookmakers that offer those things. That’s why we’ve decided to share several intriguing facts about these gambling platforms.
1. Most Of Them Are Not Regulated By The Gambling Authority In Your Country
The first thing you should know about cryptocurrency online bookmakers is that they probably don’t have a license from your country. Since obtaining a gambling license is a complicated process, most brands prefer to get one permit.
To do that, they go to places like Malta or Curacao because the license allows them to work under numerous jurisdictions. So, don’t be surprised if the given iGaming site is not regulated by the gambling commission in your country.
2. Not Every Online Bookmaker Offers Plenty Of Cryptocurrencies
Once you start looking for a cryptocurrency bookie, you will come across several websites. Although some people prefer to check each site individually, others go to places, such as https://efirbet.com/en/bookmakers-accepting-cryptocurrency/, where they can read professional reviews of online bookies that accept cryptocurrencies.
Despite the fact that some of them offer numerous options, others only have Bitcoin. Therefore, do proper research prior to choosing the best betting website.
3. The Odds Won’t Be Higher If You Use Digital Currencies For Online Betting
One of the common myths you may find online is that the cryptocurrencies bookies offer higher odds. This may be true in some cases, but most brands use the same criteria to determine their odds.
Therefore, you shouldn’t find any significant differences between the standard online bookmakers and those interested in digital currencies.
4. Most Online Bookmakers That Specialize In Digital Currencies Do Not Offer Any Mobile Apps
Many people who want to bet online don’t always have enough free time to use their computers. As a result, they are forced to use their handheld devices if they want to punt on sports.
Even though some online bookmakers offer a mobile app for Android and iOS, their cryptocurrency counterparts usually don’t have such a thing. In other words, you will probably have to use the brand’s mobile website.
5. You Will Probably Have The Chance To Utilize Different Kinds Of Crypto Bonuses
At first glance, the standard online bookmakers might seem almost identical to their crypto alternatives. However, if you visit Efirbet’s section with cryptocurrency bookmakers and choose one of them, you will notice it offers special crypto bonuses.
Besides the deposit bonuses, you may find things such as digital currency cash back and even free bets. Keep in mind that these rewards require a deposit, so you have to check their rules. There are a few other important conditions you should be aware of, such as the rollover requirement.
6. Usually, It Doesn’t Matter Which Cryptocurrency Wallet You Are Using To Make A Deposit
Nowadays, there are all sorts of wallets for digital currencies that you can choose from. Although most of them are similar, everyone has their preferences, which is why most sports betting sites do not require you to use a particular option. However, you may have access to different kinds of bonuses if you decide to use a specific wallet.
7. It Is Advisable To Check Your Local Gambling Laws Prior To Choosing A Cryptocurrency Online Bookmaker
As we’ve mentioned earlier, you probably won’t find a cryptocurrency online bookie that is regulated by your local gambling commission. This means that you have to use a company registered in a different state.
Although this may not seem like an issue at first, some countries have strict gambling laws that won’t allow you to use those things. Needless to say, violating the rules may have serious consequences, so make sure to check them out.
8. The Only Way To Access Certain Bookmakers That Specialize In Cryptocurrencies Is To Use A VPN
One of the things that you should keep in mind when choosing an iGaming operator is that you probably have to use a VPN. Most of the cryptocurrency bookmakers found at Efirbet will also require you to utilize this tool.
There are different kinds of VPNs you can put to the test, so make sure to choose the best one. Unfortunately, the ones that stand out usually require you to pay a small fee, so keep that in mind.
9. In Some Cases, The Bitcoin Betting Operators Have A Higher Maximum Withdrawal Policy
People with more online betting experience probably know that most online bookmakers have different withdrawing regulations. Some brands require you to verify your identity, whereas others have a specific limit you must adhere to.
While it is true that the crypto bookies also have a maximum limit, it is usually higher than the condition found on other iGaming sites. In other words, you can pull out more money than usual.
10. The Bookmakers That Prefer To Focus On Digital Currencies Provide Cool Betting Features
The last thing that is important to note is that cryptocurrency bookmakers are famous for their distinctive features. Besides having the option to punt on live sports events, you can also expect to find features, such as Edit Bet. The latter allows you to make changes to your active bet whenever you want.