In the modern world, there is no way that one has not heard about crypto. After bitcoin, the first cryptocurrency ever created, exploded, breaking new limits every year and bringing thousands and thousands of dollars to its owners, there was no doubt that cryptocurrency was going to be the future of money. Over time, as more and more currencies became available for users, and more benefits of using them became obvious, countless businesses hopped on the trend, allowing customers to use crypto as a payment method. Of course, the gambling business did not become an exception, and it’s understandable: The traditional betting system has a lot of flaws that can be easily solved with the blockchain sports betting model. For years many bettors around the world were looking for a suitable service with lower commissions, where they would have full control over their assets. That led to the foundation of dexsport.io – the first decentralized crypto betting platform, which expanded the area of traditional betting exchange and created a new path of gambling “evolution” — betting with cryptocurrency on a platform driven by the main BNB chain, Polygon, OKX Chain and Avalanche.

Whether you already know and actively use cryptocurrency or are still skeptical about “ephemeral” money you can’t see or touch, It’s not difficult to see all of the benefits of crypto sports gambling: Platform commissions, government control, taxation, country restrictions, low liquidity — blockchain driven web3 betting platform is offering a solution to all these problems, proving again and again that betting with cryptocurrency is the future of gambling.

But let’s start from the very beginning: Perhaps some of our readers have heard about different types of cryptocurrencies here and there, but can’t fully understand what they are, how they work, and how they can be applied to sports betting.

In layman's terms, a cryptocurrency is a decentralized form of currency that only exists virtually, doesn’t rely on banks, and uses cryptography to perform secure transactions. It runs on a technology called blockchain, a distributed public ledger that verifies and records all of the transactions performed by currency holders. You use a web3 wallet to store your crypto. All transactions made with cryptocurrency are completely private; there is no personal information that might be connected to them, which makes paying with crypto a great and fast way to perform money transfers, as opposed to the traditional banks that might block your transaction, freeze your funds, or impose a waiting period (normally 3-5 business days).

If you pay with your web3 wallet these problems can stay in the past. That's why sports betting with crypto coin keeps gaining immense popularity. More and more companies allow their users to use crypto wallets to place bets. But does it mean that crypto sports betting is ready to take over the industry? Actually, centralized crypto betting platforms have quite a few problems. One of the main flaws of traditional betting exchange operators, even the ones that allow you to use crypto, is that they are strictly limited by the location of their licenses. Let's say betting company A is registered to operate in the USA. That means that players from other countries will not be able to register and place their bets on company A's website. At the same time maybe players from the USA, where company A operates are not happy with the commission that the region's available sportsbook withholds and want to place bets on company B's website, which operates in the UK, but the local laws will not allow them to do that. However, in the age of technology, there is always a solution — you can always refer to a decentralized crypto sportsbook that will allow you to avoid such restrictions. With a platform like Dexsport.io you can do sports betting with bitcoins and many other cryptocurrencies without having to worry about your region's restrictions. Enjoy placing crypto bets from any corner of the world with no limitations!

Of course, another factor that is important for a player is the platform’s commission and dealing with government taxes. For someone who bets big, blockchain driven platforms will be a perfect choice. First of all, in the majority of countries, you do not need to report your winnings to your local tax services, so your funds remain yours and only yours. No pesky government can take the money that you won on crypto bets away from you. And what about commissions? Well, we have good news for you: Decentralized gambling platforms have the lowest fees in the industry, in unique cases as low as 0% on withdrawing and depositing your funds. That sounds almost too good to be true, but you can check it yourself: Join  and start placing bets using crypto coins right away. You don’t have to go through the lengthy process of creating an account and confirming your identity to do so; just connect your web3 wallet and start placing bets using the supported crypto. When you win hit the “withdraw the funds” button and receive your money right to your wallet with a 0% fee. Here you will have an opportunity to get to know another advantage of blockchain sports betting — instant withdrawals and deposits that can be performed in a matter of seconds.

Not surprising, that the results of polls showed that over 75% of users who tried crypto sports betting prefer it over traditional betting exchanges and sportsbooks. If you are into sports betting, crypto coins are definitely your way to go.