With the Super Bowl date getting closer, bettors are already placing Super Bowl bets through their favorite sportsbook. You can also join the frenzy using a smarter and more secure means – crypto. Undoubtedly, online sports betting sites have continued to improve their security to ensure that players’ financial and personal details do not fall to hackers.
However, the introduction of cryptocurrencies has made this even better. Players can now bet anonymously without worrying about their bank details being exposed through hacks.
So, how do you bet on the Super Bowl using cryptocurrencies? Keep reading to find out.
Table of Contents
Create a Crypto Wallet Account
The first thing you need to start your crypto journey is to ensure that you have a crypto wallet. This is where you store, buy and sell your cryptocurrencies.
There are different options to choose from, including Trust Wallet, Crypto.com, Binance, Coinbase, etc. You can get started by selecting one of the popular platforms. After that, create an account to access the different cryptocurrency tokens available. Some popular tokens are Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
Buy a Cryptocurrency Token
Once your wallet is set up, you need to buy a popular token, either BTC or ETH, as they are among the most featured by crypto-enabled sportsbooks.
To do this, you need to go to your wallet, open the token you want, and click on buy. Once you do that, you can complete the transaction using any available payment options, usually credit/debit cards, bank transfer, and peer-to-peer.
With p2p, you will have to find someone you trust to send you the token while sending them the fiat equivalent. Fortunately, some platforms like Binance makes this process completely easy.
Find the Right Crypto-enabled Sportsbook
Now that you have a crypto coin, you should head out to find the right crypto-enabled sportsbook to join. If you are entirely new to choosing a sports betting site, you might want to follow some expert tips, including:
- Checking if the site is secured
- Making sure the site has an efficient customer service
- Confirm if it is licensed in your country or has a reputable license
- Check to see if the bonuses listed are impressive.
Once you are satisfied with what you see, you need to check if they list crypto as part of their payment option. If that is available, you are good to go.
Create an account and Deposit
You can now proceed to create an account at the sportsbook you selected. Most sportsbooks have a straightforward onboarding process that would not take your time. All you need to do is locate and click the join now or register button to start the process.
After that, you should provide your details and enter them into the appropriate fields. This ensures that you do not have any issues with the verification process. Then, confirm your registration, and you are an eligible member.
After that, you can fund your bet account through your crypto wallet. Go to the cashier tab, click on deposit, enter the amount you want to deposit and choose crypto.
You will then see an address, copy it, go to your wallet, select the token, and click on send. Then, enter the address into the field provided to complete the transfer. Your betting account will be fully funded if there is no issue instantly.
Place Your Bet
Finally, you can place your bet. Simply go to the NFL section, click on the upcoming games, choose the Super Bowl match-up, and select your preferred bet options.
After that, enter the amount you want to wager to see the payout, and then click submit to confirm your bet.
Before you decide to place any Super Bowl bet, you need to ensure that you have taken the time to study the game and understand how the sport works.
Do not rush in so that you do not end up losing your money to wrong bets. You can always follow expert tips if you do not want to be too invested.