Sports fans are awaiting one of the year’s most anticipated events as the NCAA Men’s basketball tournament begins, which always leads to most bettors’ brackets getting busted. However, making yearly March Madness picks at the top online sportsbooks is now just as popular as watching all the action unfold.
At the start of the tournament, these important bracket matchups offer betting opportunities on games played throughout the day until one team is left standing after taking down all challengers.
March Madness bettors can learn all the advantages of wagering on their favorite teams using cryptocurrency like Bitcoin at some of the top betting sites. Crypto betting has become much easier in the last few years since sports betting became legal in most U.S. states.
Using crypto for sports betting makes the entire process much easier and cheaper for those planning to make wagers for the tournament’s duration. There are several reasons why it can be a great idea to use crypto to make this year’s March Madness bets.
Table of Contents
Speedier Transactions
Betting on March Madness with cryptocurrency allows fans to deposit, withdraw funds and place wagers faster than any other method. One of the biggest complaints from players at online sportsbooks is the speed of cashing out winnings.
However, because cryptocurrency transactions use blockchain technology, transactions are smooth and fast, typically taking no more than ten minutes to process. In addition, many cryptocurrencies have evolved recently, with the development of more reliable currencies that provide even faster transactions for betting sports online.
Bigger Bonuses
All online sports betting sites offer bonuses and promotions for anyone who plays on their platforms. However, standard sportsbooks that also accept crypto deposits sometimes offer bigger welcome bonuses for customers that use cryptocurrency because it’s the most secure and cheapest method of making transactions.
Players should always check with their online provider to see if they can secure better bonuses by using crypto.
Less Risky Than Other Crypto Transactions
Because cryptocurrencies are so volatile, there’s always a level of risk involved when buying or selling them. Using cryptocurrency to make online sportsbook deposits will protect players from any volatility. The sports betting provider immediately converts the cryptocurrency to U.S. dollars when the funds hit the customer’s account.
Of course, bettors need to take caution when placing any sports wager. However, they’ll never have to worry about the value of their winnings suddenly disappearing after they’ve won a big bet.
Privacy and Security
One of the most beneficial aspects of betting on March Madness with cryptocurrency is that using it provides players with a level of security not seen with any other transaction method. Because these transactions are decentralized, players have more control over their funds and aren’t restricted by third-party regulations.
In addition, because the system is free of regulatory authority, the crypto holders have true ownership of all digital assets they possess. Therefore, they don’t have to be concerned with economic downturns or government regulators.
Higher Limits for Wagers and Withdrawals
While betting limits vary from one sportsbook to the next, most that accept crypto will permit bettors to make bigger wagers and withdraw higher amounts when playing with cryptocurrency. This can sometimes be an issue for high rollers when betting on March Madness at government-regulated sportsbooks.
For example, taking a large payout using a bank transfer will raise red flags at the banking institution, which automatically reports the income to tax authorities. Taking payouts in cryptocurrency eliminates that problem.
Using cryptocurrency for betting on March Madness or any other sporting event will make the process simpler, faster, and safer than any other method. While traditional forms of depositing, like credit cards and PayPal, will be around for years to come, online sportsbooks have started to accept cryptocurrency for a good reason.
But, of course, it’s also crucial that players always choose a legitimate online provider to make their March Madness crypto transactions.
