Crypto has had many utilities over the years, and these utilities are increasing daily. As a result, many more people are getting more out of owning crypto assets. You can do many things when you have one in your wallet. Although not every cryptocurrency has usefulness, you can always find the ones with use cases.
If you’re a fan of buying and selling online, you can consider using crypto to make payments. It can also be used as a utility for projects and other ecosystems. And if you want to bet on MLB picks today, you will find many sports betting sites that allow players to fund their accounts using cryptocurrencies.
With the use cases increasing and more people getting benefits from cryptocurrencies, the popularity is rising, and more people can enjoy what it brings to the table. Therefore, the excitement continues, and if you want to use crypto as a payment method to place bets, consider checking out this guide.
We’ve put together a step-by-step guide to help you place your first bet using cryptocurrency. Follow each step, and you’ll get to place your first bet using crypto. So, let’s dive right into it.
Find a Popular Betting Site With Crypto as a Payment Option
Your first step to placing a bet using cryptocurrency is to find a betting site with crypto as a payment option. After that, you can use this site to place your bets whenever you find the right platform. The only problem is that it might take time to find suitable betting sites that fit the profile because many options are available.
A lot of sports betting sites now accept crypto as a payment option. Although this is good, it can also be harmful since some need to improve with the top standard. Therefore, you must review the sites and ensure you can pick the right one without any issues. Once you do that, you can move to the next phase.
Register and See the List of Crypto Accepted
The next phase for you is to create an account at the betting site since you can confirm that they will let you deposit money using crypto. Fortunately, creating an account is simple, and most newbies can get it on the first try. Most sports betting sites also provide step-by-step instructions to help you complete the process efficiently.
In that case, it is easy for you to continue the gambling experience and become a member of the betting site. Therefore, you can check the list of cryptocurrencies the sports betting site accepts. From there, you can move to the next phase and ensure you will get a suitable crypto.
Own One or More of the Crypto Listed
Once you know the cryptocurrency you want to use, you can find where to own it. If you already do, you can skip to the next phase. However, if this is your first time, you should find a crypto exchange platform where you can easily buy crypto assets without fuss or the chance of getting scammed.
Many crypto exchanges are available. Therefore, you should take some time to vet through most of them. It will help if you understand how they work and how to compare features. That way, you can pick the one with the most to offer and is the safest option. After that, buy some crypto into your wallet to continue.
Deposit Money Into Your Account
The next step for you is to put funds into your bet account. The good thing is that it is easy for players to do because the process is not different from others. First, enter your deposit amount on the cashier’s payment page. After that, pick the cryptocurrency you want to use to deposit.
After that, you can follow the instructions to complete the process. The good thing is that it is easy for anyone to follow, and the money will be credited into your account in no time. And if it is your first deposit, you might enjoy some incredible welcome bonuses that will help you kickstart your gambling journey.
Place Your First Bet
Once the money is in your bet account, you can place your first bet. The process is straightforward. All you have to do is pick the game you want to bet on, make your predictions and place your bets with the money in your account. As a result, you’ve placed your first bet using a crypto asset.