Best Web3 Crypto Betting Sites 2024
Cryptocurrency sports betting is sought-after among new and experienced enthusiasts. Modern bookmakers offer not only well-known digital tokens but also groundbreaking cryptocurrency options as well. Namely, countless users have evaluated the exclusive benefits of Web3 sports betting sites. Let’s look at these online platforms to figure out their principles, hallmarks, and proposals.
Benefits Of Using Web3 Crypto Tokens For Online Betting
Web 3 crypto tokens are a new generation of digital decentralized money, mixing smart contacts, blockchain technology, and fair royalties and commissions for customers. As betting gurus who follow all fresh changes in this area, we have analyzed these crypto benefits and covered them in the list:
- No control by governments. Web3 networks are decentralized, and any third party cannot track your online payments. You don’t need to trust anyone except for the network itself.
- Open to a global audience. Betting websites that support Web3 tokens are available for each player, regardless of location. So, you may opt for a suitable platform and gamble without geo-restrictions.
- Anonymous payments. If the bookmaker supports only cryptocurrency and does not require KYC, you may stay entirely anonymous and not share your personal details.
We also like that Web3 crypto bookmakers provide zero fees for transactions, which substantially saves our budgets. Instant payments are an additional plus for saving time without long-term withdrawals.
Where To Find The Best Web3 Betting Sites
Navigation in the betting world can indeed feel like traversing a maze. You should verify platform licenses, wagering markets, payment methods, and other details to pick the finest Web3-accepted bookmakers.
Thankfully, we have rigorously inspected numerous platforms and crafted a list of the best Web3 sports betting sites. You do not need to waste your time on sportsbook searching and can kick off your wagering journey with Web3 payments.
How Do We Choose Top Web3 Sports Betting Sites?
As the Web3 crypto betting industry develops at the speed of light, we observe numerous aspects of picking advantageous bookmakers with great reputations. Let’s look at guidelines for choosing front-runners in the betting sphere.
Licensing And Credibility
The crucial facet we check is the availability of legitimate licenses in Web3 crypto sportsbooks. Namely, the Malta Gaming Authority and the UK Gambling Commission are among the most prominent and solid regulators. What’s more, we verify the presence of SSL encryption and read real players’ feedback about the platforms.
Odds & Market Variety
Unsurprisingly, users want to benefit from good odds and wager on top-notch sports matches and e-sports tournaments. So, we inspect available local and global competitions at Web3 crypto sports betting websites. In particular, we browse through the sports sections, seeking well-known options, such as football, tennis, basketball, horse racing, cricket, and more. Besides, our task is to compare odds and find the most profitable bookmaker proposals.
Bonuses Exclusive to Polygon
Players can grab unique welcome offers and other bonuses at Web3 sports betting platforms. So, we inspect exclusive perks offered by top-rated crypto bookmakers. In our opinion, the finest sites should provide no-deposit bonuses in tokens, free spins, and lucrative cashback programs for Web3 users.
Transactions Speed
You may say goodbye to lengthy waiting transaction times on Web3 betting sites. Deposits with tokens are credited instantly, guaranteeing a quick playing start. When it comes to withdrawals, you need to wait no more than one day to claim your winnings.
Fee Structure
Thanks to the decentralized nature of cryptocurrencies and fewer intermediaries, digital payments are zero-fee. Occasionally, betting platforms may provide fees for cashouts, but their sizes are no more than 0.3-1.2% per transaction.
Getting Started With Sports Betting Using Web3 Tokens
As experienced bettors, we know how to kick off playing on bookmakers’ websites efficiently. Move on to the step-by-step guide, where we’ve covered all our stages to start:
1
First, you have to sign up for a crypto wallet that you will use on the selected Web3 betting platform.
2
Do not forget to exchange some funds for crypto, and you may use Coinbase or any other reliable exchange for this. Then, transfer tokens to your wallet.
3
Open an account on the chosen betting website by inputting your email and some personal information.
4
Find a Deposit section on the website, select the Web3 token, and input the sum for topping up. Scan the generated QR code with your Web3 wallet or copy the address and initialize the tokens transfer. Wait until the system credits funds.
Finally, you are so close to the betting journey! Pick the sports market, place a bet, and win.
Bonuses At Web3 Betting Platforms
As we know, top-tier Web3 sports betting sites provide plenty of exclusive bonuses for new and regular players. We have described the most popular options in our list below:
Bonuses for newcomers. These rewards may be credited immediately after new account registration or include the mandatory first deposit. As a gift, websites offer deposit matches and free bets.
Reload bonuses. Bookmakers may determine a special day when you need to top up your balance by an indicated amount to receive additional bonuses (their value depends on the bookmaker policy).
Bonuses for special dates. Online betting platforms may provide Birthday prizes, Halloween gifts, Christmas perks, and other holiday deals.
The finest crypto bookmakers also provide VIP programs for regular users. You may join the loyalty club to claim cashback, additional bets, and more. Some websites offer referral programs as well.
Top Crypto Coins And Tokens Used For Web3 Sports Betting
Cryptocurrencies have evolved double-quick, and even experienced bettors may be perplexed in selecting the optimal token. To make your choice more accessible, we have highlighted the solid and profitable digital coins for Web3 betting:
- Polkadot. The project was founded by Gavin Wood, Peter Czaban, and Robert Habermeier in 2016. Its native currency is DOT. Polkadot processes transactions in parallel across different network chains, minimizing transactions.
- Filecoin (FIL). This cryptocurrency was created by Juan Benet, an American computer scientist, in 2014. FIL tokens are used for online payments, guaranteeing fast transactions, robust security levels, and privacy.
- Render (RNDR). This token has operated on the Ethereum blockchain since 2017. RNDR connects users who aim to perform rendering tasks with people with idle GPUs to process renders.
- The Graph (GRT). The founders of this project are Yaniv Tal, Jannis Pohlmann, and Brandon Ramirez. GRT is the native token of the network, which is used for work coordination and digital payments.
- Stacks (STX). The Stacks project was created by Muneeb Ali in 2017. STX is a native token of the network that supports DeFi, NFT, applications, and smart contracts for Bitcoin.
- List itTheta Network (THETA). It is a blockchain project specially created for video streaming in 2019. Its native tokens, THETA, were known as ERC-20 tokens on Ethereum. Still, they were converted to an independent network with fast transactions and low or zero fees.
Keep in mind that before choosing a suitable token, you should inspect its market cap, liquidity, and price.
Popular Sports And Tournaments For Betting
We recommend observing sports lines offered by the selected bookmaker. Here, we have gathered the top-notch worldwide competitions that attract the attention of millions of sports fans.
NBA
The National Basketball Association (NBA) is a men’s professional league in North America, specifically in Canada and the United States. You may follow over 82 games each season to try to predict the winner. The finest Web3 sports betting sites offer such wagers as Total, Match Winner, Double Chance, Handicap, and more.
NFL
The National Football League is a professional American soccer tournament that unites teams from North America. The sports competition was created in 1920 and held by 11 teams. Nowadays, 32 teams participate in the National Football League, and each wants to win the main trophy called the Super Bowl. You may bet on the Match Winner, Over/Under, and more.
UEFA Champions League
The UEFA Champions League is an annual football tournament between European clubs that were more successful in the national championships. The tournament includes three stages: qualification, group matches, and playoff. You can bet with crypto on top-rated teams using wagers such as Total, Match or Championship Winner, Over/Under, and more.
Pros And Cons Of Using Web3 Crypto On Betting Sites
PROS
- Faster transaction times
- Global reach
- Entire anonymity
- Advanced user security
- Zero-fee payments
- Countless betting markets
- Reduced fraud due to blockchain technology
CONS
- Risk of technical difficulties
- Limited acceptance
- High volatility
- Lack of regulation
Final Thoughts
So, summing up our insights, we can say that Web3 sports betting sites are a new market trend. These bookmakers guarantee fairness, advanced security, and no fees for transactions. Regardless of your region, you can bet on your favorite sports competition without government control.
Pick the finest bookmaker that supports Web3 currency, go through registration, and grab your exclusive bonus. Opt for the sports competition and place your bet. Don’t hesitate and win!
