Nothing has trumped the idea of earning money by doing what you love. In its own right, online gambling ranks high on the list of one of the few ways of making your passion a money cow.
And another aspect of online gambling that has improved this system is cryptocurrency betting, which is a form of online gambling but with crypto.
Follow this article to grab all you need to succeed in the world of crypto gambling and get undiluted information about crypto.
A Brief History of Crypto and Betting With It
If you follow the latest trend in the online market, you will see headlines about big banks failing to meet their common obligations and the government promising to bail them out.
Cryptocurrencies were developed as a fort against big governments or corporate intervention. The main idea behind crypto is to serve as a peer-to-peer payment method with no banks or institutions posing as middlemen.
Based on the above, Blockchain technology and the first-ever crypto was created. In this new ecosystem, Blockchain technology will replace the need for banks and be the sole validator of financial transactions.
In effect, it becomes possible to bet using crypto rather than the usual fiat currency. Its error-proof system offers more security and ensures a faster and less costly transaction through technology.
Online crypto gambling is just one of the many outlets of cryptocurrencies, and what makes it even better is that it protects the identity of every user.
Steps for a Better Experience
Crypto betting is not a complex subject, but you will only believe this by understanding how it works and the tips you might need to use to survive.
Below are well-thought-out steps that will guide you as you engage in crypto betting:
Study the Market
Do not let the headline make you jumpy; no one is saying you should study the complex graph of online markets, but you need to know what you are getting into, and the only way to do that is through research.
You will need to know the major crypto networks and how they work. Every crypto project is unique, so find out what makes it stand out and know if this feature is enough to ensure an optimistic outlook for the project.
You can research how fast the crypto asset is and the number of total coins available that will be printed. You can also read about market capitalization to know how many people fancy buying this asset.
Proper research will be your guide in choosing the best cryptocurrency to buy.
Buy a crypto asset
Once you have narrowed them down on your choice of cryptocurrencies to buy, the next step will be to buy and use these coins for crypto betting.
The question on your mind now is what platforms offer this service and how you spot the good ones.
Many platforms offer the buying and selling of crypto, and the biggest in the market is Binance.com.
Binance is generally known to be safe and has high trading volume and liquidity on its p2p market. And with the p2p market, anyone, including people in places where crypto transactions are frowned upon, can still access crypto by buying directly from other users.
The process does not end in buying crypto; rather, the next question is, which is the best platform to utilize your crypto funds for betting?
Choose a crypto betting site
The crypto betting site will always be based on your choice, but to help you make an informed decision, you should know that all crypto sites are different.
You will likely be more comfortable with a crypto-gambling site that has been in the market for a while, paving the way for the rest.
1xBit is a crypto gambling site that has been in the game since 2016. The website is known for offering 40+ altcoins to choose from and the best odds for multiple sports events on the market.
If you love online casinos, then 1xBit is also the best for you because there are over 5000 slot games, 200 live dealers, and a wide range of games.
Register and send crypto to your account
You can start enjoying your new experience on crypto betting by registering on 1xBit, and kicking off the journey by funding your account.
The two processes are simple. First, you only need an email address to set up an account on 1xBit (time saver).
Once your account is set up, you can fund your wallet so you can access 1xBit's welcome bonus of up to 7 BTC for the first four deposits.
If you want to fund your account, just go to account settings and select "Account details" to show you the wallet currently used here. You will also see the multiple currencies that can change to anyone of your choice.
Start placing bets on 1xBit
You can start placing bets and using 1xBit to earn money once your account is funded.
All sports players on 1xBit will find the vast collection of different sports niches helpful. There are multiple events you can select and bet on. The betting odds are also higher than its competitors, so you have everything you need to maximize your profit.
Another way to increase your earnings is by joining one of the many tournaments on 1xBit, like the Super Six tournament.
The challenge starts on the 29th of March and lasts until the 25th of May, 2023. You can join the fun by selecting the tournament from the offer page and placing bets on EPL, Bundesliga, Serie A, La Liga, Ligue 1, and Primeira Liga matches, collecting tickets to increase your chances of winning.
Super Six has a whopping 6 BTC prize pool. The tournament will have a monthly draw, a draw at the end of each championship, and a final prize draw. These draws will see winners taking home as much as 300, 100, and 50 mBTC. Boost your first deposit bonus up to 125% with promo code SUPER6TD!
Crypto betting has come to stay, and the good news is it offers many benefits not obtained in other forms of betting.
Join 1xBit and take part in Super Six to bet in crypto! Enjoy zero transaction fees and full anonymity on all your bets.