Why is crypto a godsend for betting sites?

There has been no shortage of controversy over crypto in recent times, and it is probably wise for crypto supporters to acknowledge that some of the damage to crypto’s reputation has been self-inflicted. While one of the advantages of digital assets has undoubtedly been its fiscal independence, this has also been part of the reason for volatility in prices, for example. However, if you’re looking for a shining light that illuminates the benefits of crypto, you could hardly do better than checking out how crypto has benefited sports and casino gambling. Below, we look at a few reasons crypto has been hugely beneficial for bettors.

Rewards schemes are getting better and better

Rewards and VIP schemes at betting sites are not a new thing. Take a look at the average fiat-currency betting site and you’ll see things like free bets and account managers being rewards for repeated betting. Then look at the new Cloudbet Marketplace to see how much better it can be. The leading crypto betting site offers rewards way beyond what can be expected elsewhere. As a customer at Cloudbet you can build up your points to a level well beyond what any conventional casino is offering. At the same time as you bet using Ethereum, you could be making your way to a free Maldives holiday or even a Lamborghini Huracán. That’s some going!

The expansive benefits of crypto betting include higher limits and better bonuses for high rollers, and this can be directly linked to Cloudbet’s ability to deliver a rewards scheme like this. That’s a solid crypto benefit right there.

Secure betting far beyond what others can offer

It’s not been long since customers at one of the primary sportsbooks in the USA found that their accounts had been involved in a hack which had resulted in many losing hundreds of dollars from their linked bank accounts. Hackers and financial criminals are getting more sophisticated, and this is why it really doesn’t hurt to have your bankroll and account details stored on a blockchain. If you’re betting at a crypto casino, you simply aren’t going to have your account hacked and lose a chunk of your funds.

Parenthetically, this is a clear reason not to hold your crypto in an exchange – none of us can have been ignorant of what happened to FTX customers, so it’s imperative to do the extra work to keep your bankroll independent of exchanges.

See your winnings sooner

Considering the above, it’s only natural that you’ll want to see proof of your success when you win at a betting site. There can be no diminishing the difference it makes to someone’s confidence in a process when they see its results in front of them with the shortest delay. Ergo, it is undeniable that there is a boost to confidence when the likes of Cloudbet pay out the winnings from a successful bet without delay. Compare the speed of payouts on crypto casinos – minutes, if that – to what you’ll see from fiat betting sites where it can take up to a week, and you’ll understand why crypto and betting are made for each other.

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