Looking For A Way To Earn Crypto? Try Crypto Betting
Cryptocurrencies are the rave of the moment and people are looking for ways to earn the new digital currencies. Well, we have good news for you. There is a new way to earn cryptocurrencies without having to go through the regular stress involved. This new way is crypto-betting. This article will tell you everything you need to know about this new and legitimate way to earn crypto.
What crypto-betting is
Crypto-betting is a new way to bet on games online. Instead of normal cash or using debit and credit cards to bet on games online, you use cryptocurrencies to place the bets. Crypto coins like Ethereum, Bitcoin, and Ripple are used by bettors in place of regular money.
How does it work?
Crypto-betting uses cryptocurrencies as opposed to the regular betting systems where money is used. These crypto coins are usually very volatile and can change in value suddenly. If for example, the value of a coin increases when you place your bet, the value of your bet automatically increases and vice-versa.
Is Crypto-betting legal?
This is not a question that has a general answer. In some countries where both cryptocurrencies and online betting are legalized, it is legitimate to involve in crypto-betting. Such countries often have tons of betting sites that are duly registered where you can get an account and place your bets. Some other countries however do not allow such practices. It is left to the bettor to find out if crypto-betting is legitimate in his or her country.
How To Deposit Crypto on betting sites
There are various methods available for depositing cryptocurrency on betting sites. You can use any of the methods listed below.
- Bet in fiat, deposit in crypto, convert to currency
The best sites offer you the opportunity to deposit in cryptocurrency directly. You can also withdraw your earnings in crypto. The way these method works is simple. Your deposit in cash and the site change it to regular cash so you can bet on games. Your earnings are then changed back to crypto which you can withdraw.
- Use of the existing tokens
In this method, your crypto is exchanged with fiat cash so you can place your bets on games. Your earnings are however kept as crypto for you. However, if you keep the crypto outside the bookmaker, any change in its value might likely affect your earnings.
- Use of Bookmakers tokens
Some bookmakers create digital tokens and offer them to people to use on their sites. Since the bookmaker creates the tokens, it is easy to acquire. The only issue with such tokens is that they can only be spent on the bookmakers’ website if they do not become popular.
Conclusion
Crypto-betting is a new way to earn some crypto online. If you are interested in trying out crypto betting, then you can try out some betting games on J9.com which is one of the best crypto gaming websites available.
