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How to Use Cryptocurrency for Online Transactions | Global Bookmakers
Anastasya | Jun 29 2022

Cryptocurrencies are digital or virtual currencies that rely on cryptography technologies. They make your online payments safe and secure without the involvement of third-party brokers. 

However, you can only acquire it on cryptocurrency exchanges. Due to their demand, crypto’s rising value has made them popular in trading, investments, and betting instruments. They are also used for cross-border transfers without restrictions.

The other role is to provide users privacy and freedom at the same time because it is unregulated.  Luckily, individuals using cryptocurrencies such as Bitcoin and Tether for online transactions have more control over their cash flow. 

Have you ever tried looking for the best cryptocurrencies for paying your transactions in sports betting? Sometimes it is too hard to choose the right one. 

Many people have experienced successful payment transactions using crypto in betting on sports. But there are a few things that you need to consider before implementing it.

The good news is that VOdds and its partner Asian bookies currently offer cryptocurrencies as payment transactions for sports betting. Several payment methods are available, but the most popular is Bitcoin and Tether. Sign up at VOdds and explore the world of sports betting using crypto.

If you’re looking for a guide, below are the key points you’ll learn from this article. So, study those guidelines and apply them in future payment transactions through our VOdds sportsbook.

Best Cryptocurrencies on VOdds Sportsbook Aggregator

Many bettors recommend Bitcoin and Tether for online sports trading transactions because they are the top-performing cryptocurrencies. Let’s find out why they perform well in payment transactions:

1. Bitcoin (BTC) – Depositing into online sportsbooks using standard payment methods is becoming more complicated because of different banking laws and regulations. But one of the benefits of Bitcoin is reliability. It is simple to use and works well in payment transactions anywhere in the world.

The other function of this digital currency is to remove the barrier of third-party payment transactions. This feature lets you quickly deposit money into your betting account without restrictions.

As this is often used as an alternative payment option, you can rely on its accuracy, making your payment transactions safer and more reliable. 

If you want additional information on how to use Bitcoin in our VOdds platform, try reading this article, “How to Bet with Bitcoin”

2. Tether (USDT) – This crypto exchange has grown in popularity recently. Its ticker code USDT is usually a stable currency linked to the US dollar. Tether is not affected by the market’s price movement and other cryptocurrencies.

The additional benefit of this crypto exchange is its excellent liquidity.  It can join and exit the cryptocurrency market without experiencing a significant price fluctuation. 

It has a trading volume of 38 billion, highlighting its liquidity more than Bitcoin.  That is why Tether is considered one of the largest and most stable cryptocurrencies today.

If you want more details about this, try to read “How to Bet with Tether | USDT to USD”.

Why do most sportsbooks prefer Bitcoin and Tether deposits?

  • Cryptocurrencies improve sportsbook betting efficiency.

Cryptocurrencies have provided effective payment solutions for sportsbook betting that did not previously exist. 

Aside from the faster processing and no transaction fees, they remove transaction restrictions and the minimum amount of deposits.

  • Transactions are safe and secure.

Cryptocurrencies are registered on their blockchain network. As a result, no one can access your personal information. 

  • Online gambling commissions do not regulate cryptocurrencies.

For now, digital currencies are not yet regulated by gambling authorities or commissions. ​​

Due to this reason, sportsbook platforms are confident that they can sustain their quality performance in payment transactions without any hindrances.

  • The main advantage is privacy.

Using cryptocurrency allows users to hide their identities while having fun with their betting experience. 

You will securely keep your full name, address, payment details, personal information, and profits on your digital wallet.

Sports betting platforms have put cryptocurrencies at the top of the list of financial payment alternatives. Due to its efficiency, crypto has become the ideal partner for online sportsbook transactions. 

We hope this information helps you understand why cryptocurrencies are the best option for payment transactions. Log in today and use Bitcoin or Tether on your VOdds account to maximize your betting experience!