Crypto-betting has revolutionised the gambling industry, offering a much more convenient way to fund your account for sports betting and casino gaming. It comes with a number of benefits, including speed, privacy, and even an element of investment.

An increasing number of Bangladeshi gamblers have begun to choose this option over more conventional payment methods, and you may be considering following in their footsteps.

To help you decide, we’ve put together this guide on gambling with crypto, including the advantages and disadvantages of using it, how to use it, and the various crypto options that are out there for you.

Like all other payment methods, using cryptocurrencies for deposits and withdrawals has both its advantages and disadvantages.

All you need to do, though, is weigh up the positives and negatives and assess exactly where cryptocurrencies like Bitcoin, Litecoin, and Ethereum may meet your preferences and requirements.

If crypto turns out to be what you’re looking for in a payment method, then you may want to consider checking out our crypto-gambling site reviews to see which one appeals to you the most. If crypto doesn’t offer you what you need, then you can just stick to the regular sites you’re used to.

Withdrawals at crypto gambling sites are usually completed within minutes, so players seldom have to wait for their money to clear.

Compared to more traditional payment options, which often take at least 24 hours, and especially those that take more than a week, this is a huge improvement.

Furthermore, the blockchain stores all transactions; it is entirely transparent, so there is no room for doubt about the sending of payments; and you will never again be left wondering if your payments have even been sent.

Your identity is kept fully anonymous in many cryptocurrency gambling sites, so you can enter the site, deposit money, and begin playing without having to provide all of your personal information as identification.

Some sportsbooks and casinos do have verification requirements, however, they can only be limited to an email address or phone number. You can see why Bitcoin platforms are growing in popularity when you compare this to highly regulated casinos and sportsbooks that require each player to provide confirmation of identity and address.

Furthermore, banks and other financial institutions will not know about your gambling activities and your credit file will not be affected.

The value of Bitcoin does not change no matter where you are. Players may use it at any online gambling platform, anywhere, which makes it a very appealing payment option.

Additionally, with a worldwide payment option, you won't have to worry about paying the high foreign currency rates that certain nations' players face, leaving them with less money to play with.

It is false, as many crypto gambling sites reviews state, that cryptocurrency does not incur fees. To begin, transfer funds from your bank account to the crypto wallet. The use of any third-party service, such as Neteller, or an exchange will incur a modest cost.

The second expense is the network fee that must be paid in order for your Coin to be transferred from your wallet or exchange to the gambling site.

The costs are manageable for the majority of cryptocurrencies, but they are certainly still there.

The price of all cryptocurrencies, including and especially Bitcoin, can be extremely volatile, rising and dropping in value at all times.

Because of how dangerous this can be and how easy it is for prominent figures to manipulate the price of cryptocurrencies they are trading, we have listed this factor as a disadvantage, however, there is also the possibility of you making money from your crypto investments as well, regardless of how well you perform on a gambling site.

Just like with regular gambling sites, crypto gambling sites also tend to offer welcome bonuses to new clients who are creating accounts for the very first time.

The best part is that these bonuses are usually worth a whole lot more than regular gambling sites, as well - often as high as 1 BTC and beyond.

Crypto-based welcome bonuses can be extremely valuable, provided that you are willing to also make a sizeable contribution to the site as your initial deposit.

In return for making your first deposit after signing up, many Bitcoin gambling sites will double your initial investment with bonus funds, meaning you can explore the site for twice as long as spend twice as much as you were originally willing to.

Check out our list of crypto welcome bonuses to see which ones you can currently make the most of.

Similarly to regular sportsbooks and casinos, crypto betting sites also offer Free Bets and Free Spins through regular promotions.

They could be rewarded as prizes for tournaments, or just at random on particular days as part of ongoing promotions which can be found in the Promotions section of your particular site.

The main difference between a first deposit offer and a reload bonus is that the latter is reserved for current players. Reload bonuses are a great way for Bitcoin gambling companies to keep players engaged and encourage them to keep depositing money.

You can increase your bankroll before you play by taking advantage of these incentives, even if their value is lower compared to the initial deposit - which they almost always are.