Sports betting dApp key takeaways
In the world of crypto and virtual currencies, a “dApp” is an app or website that runs on a blockchain or some other kind of peer-to-peer (P2P) network. dApps will use executable codes known as “smart contracts” to carry out functions on their platforms.
So, in the case of a sports or
casino dApp, sports betting odds or casino games will be made available via blockchain, and you’ll be able to play using cryptocurrencies to enjoy anonymity and fast deposits and withdrawals online, as well as several other great benefits which we’ll explore in this article.
To summarise, the most important things to note about betting dApps, are:
- A gambling dApp is a decentralised online betting site that’s blockchain-powered and doesn’t have a third-party intermediary or corporate owner.
- These providers usually accept cryptocurrencies rather than cash and are all about online anonymity and very fast transactions.
Introduction to dApp gambling – why is it so popular?
Online gambling via dApps is growing increasingly popular on a global scale, and it’s easy to see why – particularly at a time when the regulation of online gambling is so complex around the world. Decentralised betting apps offer access to online sportsbook odds and
crypto gambling games
from just about anywhere, they have clever tools in place to ensure fair game outcomes, and they are incredibly easy to use.
Many providers don’t even require you to create an account before betting, and direct deposits and withdrawals can be made using various cryptocurrencies without you having to depend on payment providers, banking apps, or bookmakers holding onto your funds for a certain amount of time until they are released. Let’s review some of the key benefits of using dApps in a little more detail.
Top benefits of using dApp betting providers
Some of the biggest advantages of using dApps for sports betting are:
Cheating and unfair outcomes are near-enough impossible
The open-source nature of dApps makes the code that powers them accessible to everyone, including you. This means that fraud is effectively impossible from both the provider and the player’s side, as inconsistencies would be clearly noticeable in the code. dApp sports odds and casino games are known as “Provably Fair” games – where outcomes are always verifiable.
Direct deposits and withdrawals reduce transaction times significantly
dApp betting users benefit from much faster transaction times than people playing at traditional online casinos and sportsbooks, as direct exchanges are possible. This means you won’t necessarily need to use a “middleman” banking or payment service that might otherwise take a commission each time you make a sportsbook deposit or withdrawal.
Not all the
best crypto casinos
are dApps, but those that are offer an extra layer of online anonymity. Cryptocurrencies are already untraceable and therefore deemed incredibly secure, but dApps add even more to this by enabling you to play directly from your wallet and often not even requiring you to create an account before betting.
Pros and Cons of Sportsbook Decentralised Apps
- Anonymity online
- Provably Fair games and odds
- Fee-free transactions
- Fast deposits and withdrawals
- Only cryptocurrencies are accepted
How we
rate the best crypto sports betting dApp providers
In recent years sports betting via dApps has become immensely popular, and we task ourselves with objectively reviewing every new provider that comes to market. We pay special attention to each site’s:
Licence, anonymity, and security
We reveal everything you need to know about the dApp or betting operator’s licence, encryption procedures and what anonymity they afford you.
If new bettors are entitled to any free bets or bonuses, we’ll give you a full review of how these offers work and what you need to know in terms of T&Cs.
dApps are well-known for having better resistance to downtime than regular betting sites, but a good dApp should also be easy to navigate and use.
Crypto and payment options
Every dApp betting site should accept all the most widely used cryptocurrencies for direct deposits and withdrawals. We reveal what you need to know about waiting times.
We explore how you can get in touch with someone when things go wrong.
Finally, we look at what kinds of rewards are available to longer-term bettors.
Our favorite crypto sportsbooks
How do I find the best sports betting dApp?
Here are a few tips on how to pin down the perfect dApp to meet your sports betting needs:
While some dApps solely offer access to sportsbook odds, others offer huge casino game portfolios spanning all kinds of Vegas-inspired games. Make sure you settle on a dApp that offers everything you need to keep you entertained for the long haul.
Whether you want to start gambling with Ethereum via a dApp or you’re looking for a BTC betting site that offers special bonuses to players betting with Bitcoin Cash, it’s important to double-check which cryptocurrencies are supported by the sites you’re most interested in.
Our Strafe.com reviews get up close and personal with the latest dApps and
NFT casinos for 2024, introducing you to everything you need to know about each provider before you start betting with them. You can also read up on past dApp user reviews elsewhere to help you decide whether certain dApps will meet your expectations.
A brief guide
to dApp gambling
We’ve already covered how dApps work and how to compare the best ones; now let’s review what you need to know in terms of sign-up processes and requesting withdrawals:
How do I start betting with a dApp sports betting site?
Due to the strong focus on anonymity, some dApps won’t even require you to register an account before betting with them. Generally, however, the sign-up process looks like this:
- Choose a legit app from our reviews and comparisons.
- Create an account and get verified via email if necessary.
- Transfer crypto to your account via a direct deposit.
- Choose any provably fair dApp odds or games.
- Withdraw what you’ve accumulated.
How do I withdraw funds from a dApp betting provider?
Requesting a withdrawal with a dApp is super-straightforward. You’ll usually need to:
- Go to your sport gambling dApp’s withdrawal page.
- Choose a withdrawal method.
- Select the amount you'd like to withdraw.
- Enter your crypto wallet number and request a direct withdrawal.
- Retrieve your funds fast.
Strafe verdict on betting dApp websites
Offering next-level anonymity, super-fast, fee-free transactions, and Provably Fair games, dApp gambling offers a lot of great benefits to sports bettors – especially those who are already accustomed to using cryptocurrencies online.
If you’re new to using crypto or blockchain-based websites and apps, using regular
crypto betting sites in 2024
might be a little more to your tastes. But if you’re prepared to embrace a new learning curve and properly familiarise yourself with how dApps work, there’s an awful lot of fun to be had with these decentralised, ultra-fair betting sites – many of which even double-up as online casinos and poker sites.
Our favorite crypto betting bonuses
dApp gambling FAQs
🤝 Which cryptocurrency should I use for a betting Dapp?
The best sports betting dApps will accept several kinds of cryptocurrencies, from Bitcoin and Ethereum to Dogecoin and more. You can use Strafe.com to compare what kinds of coins and crypto wallets the most popular dApps are compatible with and find the perfect provider to suit your betting tastes.
🕚 How long do dApp deposits and withdrawals take?
dApp-based sportsbooks have a reputation for offering faster transactions than regular sports and esports betting sites. That said, deposit and withdrawal times will always vary depending on the dApp you’re using, so it’s important to compare transaction speeds between providers if you’re dead set on registering with the absolute best. Strafe.com can help you narrow down your options.
🤔 How do sports betting dApps work?
If you’re not massively familiar with crypto sports betting, you might find dApps a little confusing on your first try. These blockchain-based betting sites operate a little differently from other online sportsbooks and casinos. Fortunately, Strafe.com is here to help you get to grips with their ins and outs before registering. Check out our reviews today.
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