Why is the world of crypto betting booming?

Slowly but surely the world of cryptocurrencies is gradually making its way over to the financial mainstream. Just like in any area of the financial industry, there are some elements that are declining,There are occasions when we here at ReadyBetGo want to bring you interesting facts about the gambling industry  When something catches our eye, we will publish it for your enjoyment. 
  whilst there are others that are thriving.

The one crypto industry that is ruling above them all is the crypto betting industry. First starting back in 2013, it is estimated that by the end of this decade, the market could be worth over $150 billion dollars.

Perhaps now more than any other time, the gambling market as a whole is booming. The recent COVID pandemic is testimony to this, whilst many industries suffered huge declines, the levels of leisurely gambling massively rose and despite society and the world returning back to normal, the amount of people still willing to partake in gambling activities is still climbing.

Whereas once crypto gambling was seen as dark and unsafe, these days some of the best gambling companies in the world are indeed crypto sites. Whilst some of the giants such as Bet365, FanDuel and DraftKings still won’t permit crypto deposits, there is a hope that soon that stance will change.

So why is crypto gambling proving to be so popular? Well, there are many reasons, all of which we will outline below.

Multi crypto currencies are accepted 

One of the driving factors behind a rise in crypto betting is the fact that most decent crypto betting sites will allow for deposits to be made using a whole raft of different currencies.

Whilst Bitcoin was the original currency to gamble and deposit with, nowadays crypto betting sites happily accept deposits from currencies such as Ethereum, Tether, and Litecoin.

All deposits can be taken directly from an e-wallet instantly and usually, any deposit fees are kept to a minimum or don’t exist at all.

Withdrawing crypto funds back to your wallets is usually a doddle. Not only is the process lightning quick, bypassing the usual timeframes that traditional betting sites use, but deposits can be sent directly back to crypto wallets for little to no fees.

With some of the very best crypto betting sites priding themselves on the variety of crypto methods that they accept, you can be assured that whatever your favourite currency, it is likely to be accepted.

There is plenty of choice thanks to brilliant welcome bonuses 

When gambling it is great to have a betting relationship with one trusted site, but if the need should ever arise to want to gamble with a new site, or if you are completely new to the crypto gambling world, then the great news is that you shouldn’t be spoilt for choice.

With the competition to attract new customers at an all-time high, many of the best and biggest crypto sites will run and promote hugely enticing welcome offers that can provide tremendous levels of value.

Welcome offers can take many forms, some crypto casinos will offer a multitude of free spins, whilst others might match a deposit or some will offer free bets.

With such brilliant variety, there should be an offer for every type of bettor to enjoy, to ensure you find the right offer, be prepared to shop around.

Competitive odds

Whereas the industry would usually side with traditional bookmakers when it came to the different odds that were offered, crypto sites are beginning to rapidly close the gap.

As the world of crypto betting continues to grow, more and more data experts are being taken on board, and crypto gambling sites are getting far savvier and much more diligent when it comes to the different odds that they are preparing to offer their customers.

With the promise of more value and better odds, many have been willing to try their hand at crypto betting sites.

A presence from the very best software providers 

If you look back to when the first crypto betting sites, the games that were offered were well beneath those of their traditional betting partners, but thankfully that isn’t a problem these days.

With the best software companies keen to cash in on the rapid rise of crypto betting, award-winning developers and their games are now commonly found across the crypto betting landscape.

Ensuring that the graphic packages, overall gameplay experience, and bonus rounds are amongst the very best, those who gamble with crypto sites will have their choice of brilliant games to choose from and will be able to spend their time playing some of the best games that the industry as a whole can provide.

Duel purpose offerings 

It is now commonplace that some of the best crypto sites will offer a huge casino game library alongside a fully fledged sportsbook.

Offering flexibility and plenty of choice, crypto gamblers can now gamble at sites that offer some truly brilliant casino games alongside the planet’s biggest sporting events.

Licencing and safety 

Whereas the first crypto gambling sites weren’t heavily licensed or overly regulated, that accusation doesn’t stick today.

Most of the best crypto sites are now licensed which means that both your funds and identities will be protected. Ensuring great levels of safety, you can play safe in the knowledge that you will be protected.

Safer gambling features

With gambling levels rising, this has of course sadly led to increased levels of problem gambling.

In the early days of crypto gambling safer gambling tools were rarely seen, however nowadays some of the most recognised safer gambling tools are commonly found.

Crypto gamblers can now choose to set deposit limits, take a time out or even take a break completely.

As well as these measures, help and customer support services are usually top notch with many crypto casinos choosing to operate customer support lines 24/7.

What are the next steps?

The goal for those operating crypto sites is the hope that once the crypto industry really booms, crypto sites will become the norm when it comes to gambling.

There are so many strengths and positives when choosing to gamble with crypto sites, that for many, crypto sites have changed the gambling landscape for the better.

With so much potential for more, the crypto betting revolution has likely still just begun.